domingo, 24 de marzo de 2019

Advantages and perspectives of an MBA for engineers

A new complementary training solution seems to be gaining prominence in the professional sector of today: the option of an MBA for engineers, that is, a program that combines both the skills of this discipline (in any of its approaches) and the field of bussiness.


Go ahead that business and engineering have not traditionally been fields that have a close relationship, as it exists between business and economics, accounting, sales and finance.

In fact, when these fields coincide in a project (which often happens, for example in architectural projects, works or computers), the distinction between the two roles is clear: each one has assigned activities that rarely need of the other to be put into practice.

However, that seems to be changing. Given the demand for versatility and constant change of the current context, a good number of professionals choose to expand their training with programs that in principle bear little relation to their degree, but that medium or long competitive advantages.
MBA for engineers: keys to understanding the approach
That engineers also have business skills is not an entirely new idea. The really novel thing of the matter is that only until now it has begun to materialize with the exit to the market of several MBA for engineers.

Both engineering and business are two highly demanded approaches in the professional field. Hundreds of thousands of students in Spain and the world choose each year for these two disciplines and are released to the professional plane with the aim of carving out a successful path and full of development possibilities.

This indicates that they may not be as far away as it seems. In fact, many engineers specialize in the business approach after accumulating several years of experience. They see this as a way of opening up to new job opportunities and, above all, of adapting to an increasingly competitive, agile and dynamic market.

What do engineers look for in an MBA?
The business schools that offer this approach point to four essential aspects that engineers choose when choosing an MBA with these characteristics. Let’s see what they are and what they consist of:

Engineers are not necessarily leaders. Their specialty does not demand, at least in principle, a high capacity to influence their environment or promote changes in the people around them. Its role is more oriented to the design of useful solutions in specific contexts, which almost always involve the construction of works. However, if in addition to these skills add skills to charge a positive role in their environment, no doubt will be able to command processes at all levels, hierarchies and aspects.

Negotiating is a skill that not all people possess. Although it is a function that often falls to the Project Manager, an engineer is also able to develop it. In doing so, your look at the role you play will be much richer than before and you will have a greater awareness of the process.

Management of work teams:
The engineer of the 21st century should not only aspire to be a leader, but also to manage working groups in the processes that he commands. Today teamwork is an essential condition of any project, especially in the area of ​​business. Knowing how to manage groups in a negotiation context helps an engineer, for example, to improve the management of the resources he uses in his field and know how to guide the efforts of his collaborators.

After accumulating some experience in their field, many engineers embark on the adventure that involves undertaking their own business idea. However, not all are trained to do so. An MBA for engineers gives them the necessary resources and tools to face this scenario and provides them with a better knowledge, study and analysis of the market to which they aspire. In fact, it is estimated that currently 25% of students who enroll in programs of this type come from faculties or engineering schools.

Some information about the MBA for engineers
The engineers who attend an MBA as a complementary training program are increasingly younger, which indicates that factors such as the promotion of business ideas, entrepreneurship, project management and knowledge of the market in general have become labor priorities .

The matter seems clear: the sooner you learn the skills necessary to develop in the business plan, the greater the chances of success in the short, medium and long term. It is, in the end, an investment in the future.

In the United States, for example, almost all engineers who decide to enroll for an MBA of this type come from fields such as mechanics, chemistry, biomedical, electronics, computer science and electrical focus.

The University of Darmouth, for example, has developed a more complete profile of candidates for the MBA for engineers and has concluded that 29% of them are dedicated to engineering as such, 26% to consulting and another 19% to the analysis of investments, financial solutions and information technologies.

Regarding the entrance applications, those responsible for Darmouth have reported a significant increase in students. For the 2016-2017 academic year, said program received 300 applications for 50 available places.

What topics are addressed in an MBA for engineers?
However, when it comes to the points to be addressed in these programs, specific engineering subjects stand out, such as statistics, resource optimization, decision making, risk analysis and the evaluation of technologies.

In the case of specific topics in the area of ​​business and administration, emphasis is placed on some aspects such as marketing and advertising, stock exchange operations, corporate finance, communication and presentation skills, accounting, teamwork and leadership styles.