Why MBA after BTech is the most sought after combination in Industry?
Talking about BTech students opting MBA for post-graduation, experts acclaim that a management degree after BTech bridges skill-gap by inculcating soft skills, leadership skills, and decision-making abilities in the students.
MBA after BTech has become the most sought-after combination for engineering graduates to super-accelerate career growth with great salary packages and job opportunities at top companies. Talking about BTech students opting MBA for post-graduation, experts acclaim that a management degree after BTech bridges skill-gap by inculcating soft skills, leadership skills, and decision-making abilities in the students.
How is MBA beneficial for BTech graduates?
Talking about the benefits of an MBA degree for BTech graduates, Professor and Director at Jaipuria Institute of Management, Ghaziabad, Dr Daviender Narang said, “An MBA degree proves to be immensely beneficial for engineering students since it opens up various possibilities for their technical knowledge. It gives an added advantage to their existing technical expertise. Management skills in engineering students make them a more viable option for a better managerial position. Various management skills such as problem-solving skills, decision-making skills, planning, organizing, and team building can be inculcated by an engineering graduate which in turn help him/her to become a prudent manager.”
Q: Who are the top recruiters of IIM Indore?
Many top companies visited the IIM Indore campus annually to hire students in various sectors. The table below showcases a list of a few top recruiters who visited the IIM Indore placements 2024:
IIM Indore Top Recruiters | ||
---|---|---|
Aditya Birla Fashion and Retail | Capgemini | Deloitte |
ICICI Bank | Kotak Mahindra Bank | Hero Fin Crop |
Cognizant | EY | Genpact |
Adani | HSBC | Infosys |
PwC | TCS | Royal Enfield |
Q: What is the placement trend recorded during IIM Ahmedabad placements over the past three years?
The key highlights of PGPX placements 2024 as compared with previous two years are presented below:
Particulars | PGPX Placement Statistics (2022) | PGPX Placement Statistics (2023) | PGPX Placement Statistics (2024) |
---|---|---|---|
Highest package | INR 75.2 LPA | INR 1.08 CPA | INR 54.8 LPA |
Average package | INR 38.64 LPA | INR 35.68 LPA | INR 36.41 LPA |
Median package | INR 36.25 LPA | INR 33.05 LPA | INR 35 LPA |
Lowest package | INR 25.50 LPA | INR 18 LPA | INR 21.46 LPA |
Offers made | 172 | 178 | 150+ |
Offers accepted | 119 | 128 | 121 |
Eligible students | 136 | 140 | 147 |
Participating students | 121 | 130 | 121 |
Students opted out | 15 | 10 | 21 |
Students not placed | 2 | 2 | 5 |
Earlier, the key highlights of PGP and PGP FABM placements over the past three years are presented below:
Particulars | PGP Placement Statistics (2021) | PGP Placement Statistics (2022) | PGP Placement Statistics (2023) |
---|---|---|---|
Highest package | INR 55 LPA | INR 61.48 LPA | INR 1.46 crore per annum |
Average package | INR 27.54 LPA | INR 32.79 LPA | INR 34.45 LPA |
Median package | INR 27.60 LPA | INR 31.49 LPA | INR 31.58 LPA |
Lowest package | INR 11 LPA | INR 17.50 LPA | INR 18.05 LPA |
Companies visited | 131 | 190 | 188 |
Roles offered | 170 | Around 220 | Around 280 |
Offers accepted / Students Placed | 374 | 382 | 385 |
Eligible students | 388 | 382 | 389 |
Students opted out | 14 | 3 | 4 |
Particulars | PGP FABM Placement Statistics (2021) | PGP-FABM Placement Statistics (2022) | PGP FABM Placement Statistics (2023) |
Highest package | INR 27.82 LPA | INR 33.83 LPA | INR 33.39 LPA |
Average package | INR 17.79 LPA | INR 21.49 LPA | INR 20.11 LPA |
Median package | INR 16.84 LPA | INR 20 LPA | INR 20 LPA |
Lowest package | INR 12 LPA | INR 12.85 LPA | INR 14.97 LPA |
Companies visited | 30 | 56 | 32 |
Offers accepted / Students placed | 44 | 47 | 46 |
Eligible students | 45 | 48 | 47 |
Students opted out | 1 | 1 | 1 |
Students not placed | 0 | 0 | 0 |
Note: The mean package is considered as the average package in the above-mentioned table. Further, the Maximum Earning Potential is considered for the salary packages shown above.
Q: What is the salary package offered during IIM Ahmedabad placements?
The salary package offered during IIM Ahmedabad PGPX placements over the past three years is presented below:
Particulars | PGPX Placement Statistics (2022) | PGPX Placement Statistics (2023) | PGPX Placement Statistics (2024) |
---|---|---|---|
Highest package | INR 75.2 LPA | INR 1.08 CPA | INR 54.8 LPA |
Average package | INR 38.64 LPA | INR 35.68 LPA | INR 36.41 LPA |
Median package | INR 36.25 LPA | INR 33.05 LPA | INR 35 LPA |
Lowest package | INR 25.50 LPA | INR 18 LPA | INR 21.46 LPA |
Further, the salary package offered during PGP and PGP FABM placements over the past three years is presented below:
Particulars | PGP Placement Statistics (2021) | PGP Placement Statistics (2022) | PGP Placement Statistics (2023) |
---|---|---|---|
Highest package | INR 55 LPA | INR 61.48 LPA | INR 1.46 crore per annum |
Average package | INR 27.54 LPA | INR 32.79 LPA | INR 34.45 LPA |
Median package | INR 27.60 LPA | INR 31.49 LPA | INR 31.58 LPA |
Lowest package | INR 11 LPA | INR 17.50 LPA | INR 18.05 LPA |
Particulars | PGP FABM Placement Statistics (2021) | PGP-FABM Placement Statistics (2022) | PGP FABM Placement Statistics (2023) |
Highest package | INR 27.82 LPA | INR 33.83 LPA | INR 33.39 LPA |
Average package | INR 17.79 LPA | INR 21.49 LPA | INR 20.11 LPA |
Median package | INR 16.84 LPA | INR 20 LPA | INR 20 LPA |
Lowest package | INR 12 LPA | INR 12.85 LPA | INR 14.97 LPA |
Note: The mean package is considered as the average package in the above-mentioned table. Further, the Maximum Earning Potential is considered for the salary packages shown above.
Stating that BTech graduates prefer MBA for Job role enhancement, development of a broader managerial perspective, and the ability to switch domains, Professor Shrihari Sohani, Chair – PGP, IIM Indore, said, “MBA provides a diverse perspective in areas not covered in the engineering curriculum, such as finance, marketing, and HR. Engineers can also augment their core domains with managerial courses in IT and Operations. With this, engineering students become capable of taking up leadership roles within organizations, enhancing their career opportunities. MBA also helps engineers switch career paths to one of the new domains mentioned.”
Bachelor in engineering program is a rigorous professional degree of four years in India. Students enrolled under the BTech programme require intensive and disciplined work style including the development of practical skills through lab work, internships and live projects. The course inculcates interdisciplinary knowledge of sciences, technology and humanities in students. An MBA degree provides a platform for BTech graduates to further develop inter-disciplinary and trans-disciplinary knowledge and skills of business management functions for example finance, operations, marketing, HR and entrepreneurial capabilities. Thus, a BTech graduate with an MBA degree has a complement of technical and managerial knowledge and skills which gives them an advantage over graduates coming from non-engineering backgrounds.
Majority of BTech graduates opt for MBA
According to All India Survey on Higher Education 2019-20, more than 70% of engineers opt for MBA for post-graduation. Meanwhile, the current batch profile of the Indian Institute of Management (IIM) Ahmedabad, i.e. PGPX 2022-23 reveals that out of the batch of 140 students, 122, i.e. 87.14% are engineers and out of them 12.14% have graduated from IITs and NITs. Stating that “Engineers constitute a large proportion of the batch at IIM Indore,” Sohani added, “Engineers look forward to job roles across domains- Marketing, Finance, Consulting, Operations, IT and HR.”
Q: Which function receives the highest package during IIM Ahmedabad PGP placements?
Finance function received the highest package of INR 1.46 crore per annum during IIM Ahmedabad PGP placements 2023. The function-wise the highest, average and median package offered during IIM Ahmedabad PGP placements 2023 is presented below:
Functions | PGP Highest Package (2023) | PGP Average Package (2023) | PGP Median Package (2023) |
---|---|---|---|
Consulting | INR 56 LPA | INR 34.01 LPA | INR 33 LPA |
Data Analytics | INR 28.22 LPA | INR 28.22 LPA | INR 28.22 LPA |
Finance | INR 1.46 crore per annum | INR 48.87 LPA | INR 40 LPA |
General Management | INR 32.17 LPA | INR 26.75 LPA | INR 27 LPA |
Growth – Online Sales | INR 34.69 LPA | INR 34.69 LPA | INR 34.69 LPA |
Marketing / Sales | INR 66 LPA | INR 30.97 LPA | INR 30.20 LPA |
Operations | INR 32.50 LPA | INR 31.83 LPA | INR 32.50 LPA |
Project Management | INR 25 LPA | INR 25 LPA | INR 25 LPA |
Product / Category Management | INR 63.20 LPA | INR 32.82 LPA | INR 32.40 LPA |
Strategy | INR 29.35 LPA | INR 25.61 LPA | INR 24.50 LPA |
Note: The mean package is considered as the average package in the above-mentioned table. Further, the Maximum Earning Potential is considered for the salary packages shown above.
Q: Which sector hires the maximum number of students during IIM Ahmedabad placement drive?
The course-wise top recruiting sector during IIM Ahmedabad placements 2023 and 2024 is presented below:
Course | Top Sector | Offers Received (2023/2024) |
---|---|---|
PGP | Consulting | 179 (2023) |
PGP FABM | Agri Inputs | 19 (2023) |
PGPX | Consulting | 26 (2024) |
Q: How are MBA placements at IIM Indore?
The table below showcases course-wise the highest and average package offered in 2023 placements:
Parameter | Placement Statistics (2023) |
---|---|
Highest package (PGP-HRM) | INR 34.50 LPA |
Average package (PGP-HRM) | INR 22.65 LPA |
Median package (PGP-HRM) | INR 22.20 LPA |
Batch strength | 38 |
Total recruiters | 20 |
Q: Does IIM Calcutta offer placement assistance to Executive MBA students?
Yes, IIM Kolkata facilitates placements support to Executive MBA candidates. Many top recruiters from sectors, including Information Technology, Manufacturing, Telecom, Banking, participate in the placement drive. Moreover, some of the top recruiters that made offers were EY GDS, Infosys, HSBC, Accenture, and BCG. For updates and more details about IIM Calcutta Placements, Click Here.
Q: What is the average package for IIM Indore MBA?
IIM Indore has released the placement report for PGP HRM and EPGP for the year 2023. The the highest and average package offered to PGP HRM programme during IIM Indore placements 2023 stood at INR 34.50 LPA and INR 22.65 LPA, respectively. Apart from this, IIM Indore has released a consolidated placement report of PGP and IPM programme for the year 2023. According to the placement report 2023, the the highest, average and median package offered was INR 114 LPA, INR 30.21 LPA and INR 27.20 LPA during IIM Indore placements 2023, respectively.
“Getting an MBA after an engineering degree can be a rewarding decision. An engineer with an MBA degree is the most sought-after job prospect in the corporate arena. There are many potential reasons for a B. Tech degree holder to go for an MBA. Firstly, the perks are pretty high for an engineer with MBA. Engineers with MBA nearly get 7 LPA to 8 LPA as freshers themselves. Second, the management degree gives a boost to the existing expertise of an engineer. The skills and abilities gained during the MBA program will prepare you for a better designation and higher salary. It also makes them globally competitive individuals who have a lot to offer to the corporate world,” said Narang.
The Director added, “On average, JIM receives applications from approximately 45 – 60 engineers in a batch of 240 students every year.”
Opportunities for BTech graduates after MBA
BTech graduates are technically proficient with analytical and applied skills that are developed over the course of a professional program. Companies driven by technology /operations/financial engineering/ innovation/consultancies prefer BTech with MBA while recruiting MBAs. IIM Calcutta MBAEx Placement 2021 report revealed that 58.6% of students got placed in the IT sector in Big brands such as Microsoft, Amazon, Flipkart, Paytm, etc. followed by e-commerce. The highest salary offered during IIM-C placements 2021 stood at INR 87.36 LPA followed by INR 28.75 LPA as the average salary offered.
“Amazon, Deloitte, Accenture, Genpact, WPRO, Newgen Software, FMCG companies such as ITC, EdTech Sector like UpGrad, PlanetSpark, Unicops (IT company), Hike Education, Lochan and Co. (Consultancy) offer job for an MBA with Engineering background,” said Narang.
Students Speak
Talking about her decision on opting MBA after completing BTech, Manaswita Shekhar Singh, PGP 2021-23, IIM Indore, said, “In BTech the jobs are mostly offered based on our branch/specializations. Since the opportunities are quite restricted without many options to explore, going for an MBA was a better career choice. MBA opens up gates to multiple professions, which the students can take up based on their interests. It prepares students to deal with the challenges as professionals by equipping them with multiple skillsets, all of which were not a part of the BTech Program.”
Singh further talked about benefits in career growth and added advantages engineers get while opting for MBA. She said, “It depends on the career that you are interested in after your MBA. Engineering will help in areas like the IT sector, but it's not a mandate. MBA offers multiple opportunities and a vast variety of options that the students can explore. They have a multitude of things to choose from and finalize the decision by giving priority to their own interest.”
Roshni Mehra - MBA batch 2021-23, JIM while talking about the advantages of pursuing MBA for an engineer said, “it gives me a win-win situation. It will give me exposure, and flexibility in learning while enhancing my personality. I can sharpen my decision-making skills, creativity, and problem-solving skills while pursuing MBA after engineering. MBA teaches me how to work with people. It gives me global exposure. I get a platform to showcase my talents and achieve heights in my career.”
“In BTech the jobs are mostly offered based on our branch/specializations. Since the opportunities are quite restricted without many options to explore, going for an MBA was a better career choice. MBA opens up gates to multiple professions which the students can take up based on their interests. It prepares students to deal with the challenges as professionals by equipping them with multiple skillsets, all of which were not a part of the BTech Program,” Mehra added.
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