But, I would suggest that you pursue an online MBA rather than giving up on everything before you are sure that you can indeed successfully make the transition. In this article, we'll take a look at the pros and cons for earning your master's degree in engineering. Bachelors Degree in Sports Management Program Overview, Education Assessment Training and Degree Program Overviews, Mail Clerk Training and Education Program Information, Associate of Internet-Intranet Programming Degree Overview, Computer Systems Engineering Education and Training Program Info, Working Scholars® Bringing Tuition-Free College to the Community. This doesn't even take into consideration living costs, whether or not you choose to live on campus. For instance, according to Payscale.com in 2020, those who earn a Bachelor of Science in Engineering are likely to have an average salary of $89,000, though those who earn a Master of Science in Engineering earn an average of about $95,000. But, because of the high costs of these programmes many people remain reluctant to invest in them and although worrying about the debt you’ll be accumulating is justified, it’s worth stressing the benefits of an MBA. How to Master the Ever-changing Digital Marketing Industry, Different Types of Lenses for Sunglasses You Should Know About, Important Decisions You Need to Make for Your Business Today, How to Optimise your Website for Payments. All rights reserved. There are several subfields that you can consider, as well. A bachelor's degree tends to take an average of four years. In recent years, costs for higher education have well outpaced the rate of inflation, and the MBA degree is no exception. These skills are useful across all industries, and they can allow businesses outside the financial and business sector to thrive. And, if you hope to end up working in a position where you’ll be required to work with budgets and financial forecasting, this type of graduate-level business education can be truly advantageous. Proving to your boss that they need to give you more responsibilities and that you can be trusted with different tasks can be quite challenging. 9. It gives you specialised knowledge on managing a business, at the same time it teaches students how to improve their leadership skills, analyse data and make the right decisions. However, keep in mind that studying an MBA can help prevent mistakes, while it can also open doors to sponsorship, etc. A degree in engineering may be best, but most science degrees works as well. To increase your salary significantly you are going to need to work hard and apply the knowledge gained from your degree. Even if you hail from a different sector or plan on being employed in another industry, the MBA remains one of the most prestigious programmes you could ever pursue. A career change can be made much easier after gaining an MBA qualification because it essentially surpasses all other qualifications a person could ever gain and it’s a testament to your expertise and your abilities to run a business. What’s more, this qualification can also help make professionals more credible and give a boost to their team-working skills. Get an MBA if you are looking to switch careers – particularly if you want to move completely away from engineering. Thinking of getting into the engineering field, but you still have the desire to see the world? Answer a few questions, and we'll match you with the quickest and cheapest way to get your desired degree. Fortunately, an MBA does all the hard work for you; it lets your boss know that you have that something extra that will allow them to trust you and put you in charge of a team or other important responsibilities. This will encourage trust and will make your employer more supportive of your choices which in turn can give you more breathing room to make decisions and take initiative. Our website uses cookies which are small files of letters and numbers that we put on your computer. First of all, engineers often design and build things to help industries. Many colleges and universities offer master's degrees in engineering. Though you can become an engineer with a bachelor's degree, many employers look for master's degree candidates for upper level jobs. Aeronautical and Astronautical Engineering, Naval Architecture and Marine Engineering, Online Master's Degree Programs in Teaching Special Education, Master's Degree in Environmental Engineering, Top Christian Colleges with Engineering Degrees, Engineering Jobs with Travel Opportunities. Enter zip: The cost of attaining that coveted acronym is no mere chump change. It’s also worth looking into if your employer offers funding for obtaining advanced degrees and you are looking to move into a managerial or C-suite position. A master's degree in engineering tends to be the typical degree for engineers. Deciding whether or not a master's degree is for you must begin with the positives. Though choosing whether to continue your studies with a master's degree in engineering may seem complicated, you must decide whether or not the pros outweigh the cons in your own, personal scenario. Gaining an MBA will help you expand your insight and understanding of the business side of an industry, while providing you with the necessary knowledge and technical skills to reach your full career potential, differentiating you from the rest of the workforce. During your time studying you’ll be gaining superior business knowledge which will make you more confident when taking business related decisions. It gives you the chance to identify any weaknesses and learn how to deal with them in a space where a mistake will not cost a company any money. As many employers are now focusing on retention they are more willing to invest in an employee’s future. You will be taught various concepts and practices which will allow you to better evaluate data and calculate risks to make important decisions. Many engineers today find themselves facing an important question: should I further my career by studying for an MBA? It is your one-way ticket to the C-Suite, and it’s an essential qualification if you’re interested in becoming more specialised in your field. Ultimately, the choice depends on … However, adding an advanced degree to your resume will give you even more of a competitive edge. The types of industries are nearly endless, but you can find a career as a biomedical engineer, a materials engineer, an aerospace engineer, a civil engineer, an electrical engineer, and even a health and safety engineer. CareerAddict is a registered trademark of DeltaQuest Media. All rights reserved. Despite the many advantages of an MBA, most professionals pursue this qualification to improve their chances of earning a promotion or even starting their own business. Most millennials expect that they’ll change roles many times throughout their professional lives and are willing to embrace the opportunity to explore new workplaces with different responsibilities. Often, the largest benefit of being an engineer who’s achieved an MBA is that you’ll be able to think like an engineer and apply this to the language of business. When there are few to no great opportunities in the field thanks to financial instabilities or downsizes, continuing your studies can be a great idea – not to mention that extending your educational career allows you to defer student loans for the time being. Despite that, getting fired remains one of the biggest fears and concerns for millennials. And, if you’re an engineer who’s looking to get into fields such as finance, accounting, analytics, consulting, or high value real estate, an MBA could be just what you need to make the transition from engineering and land the job of your dreams. If your current or future job will require managing a budget or financial forecasting, an MBA can certainly come in handy for engineers. It’s one of the most popular routes for graduates as it increases employment opportunities and maximises your potential. An undergraduate degree in engineering already means that you are an attractive employee; more and more companies are seeking out people with technical backgrounds who are able to understand and solve complex problems. Some colleges do require you to have a bachelor's degree in the required field, such as undergrad civil engineering to enter a civil engineering master's degree, so be sure to check your college's admissions requirements. In fact, certain companies may even provide scholarship opportunities for top talent or fund their employees to go on programs like this online engineering MBA. If you are hoping to expand your career, move further up the ranks into management positions in an engineering-centric company, or even start your own business in the engineering industry, then an MBA will provide you with the business acumen, skills, and knowledge necessary for success. Instead, a master's degree may allow you to climb the ladder with experience and earn a higher salary to start. 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