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MBA: The Way Forward?

Posted November 01, 2011 7:00 AM

Earning your masters in business administration may help to differentiate you from the rest of the engineering pack and show you've got the breadth of knowledge needed for engineering management. But this Design News story notes that 63% of full-time MBA programs and 46% of part-time programs are reporting that applications are down this year. What do you think is behind this lowered demand for advanced education? Sheer economic stress? Scepticism about whether the career payoffs will accrue? In your organization, do you think getting an MBA is still a good career move for an engineer?

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#1

Re: MBA: The Way Forward?

11/01/2011 8:17 AM

If I was interviewing 2 engineers who were otherwise the same but one had an MBA.
I'd tend to favour the one without the MBA. As I've yet to meet a decent engineer who had enough spare time for such friperies, I'd rather employ a guy who used his 'spare' time to experiment and make stuff.
If and engineer wants to differentiate himself at interview he should plonk down a working model of something onto the desk, and talk enthusiastically about it... now that would get my attention.
Dunno if it's just me...
Del

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Re: MBA: The Way Forward?

11/01/2011 8:28 AM

"In your organization, do you think getting an MBA is still a good career move for an engineer?"

Depends on what your using them for.

Earlier in my career I always felt engineers could do it better that anyone else. But its a different mindset.

I don't or won't take away the value of an MBA. But I will add, that you are changing careers by earning one. When that happens, it would be great if one could retain the good qualities of an engineer such as ethics and long term vision without succumbing to the pressures of the bottom line immediate results business attitude, but as the norms go, you would only be mediocre, actual less then mediocre in a MBA position.

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#3

Re: MBA: The Way Forward?

11/01/2011 8:32 AM

These days it seems like you need a bachelors degree (or many years of experience) just to get an interview. (The days of only needing an associates degree are long gone.) A masters degree does put you ahead of the pack, education-wise, but lots of college students are staying on after the completion of a 4-year degree because they simply don't have any job offers. In my opinion an MBA isn't very useful without practical (on-the-job) experience to draw from.

To answer the question in the original post, I think that MBAs may be declining because of cost. Education isn't cheap, especially when scholarships aren't readily available for masters level students. Little to no (mostly no) aid is available for part-time students. People that are strapped for cash might be opting for a second job for an income boost rather than spending money on education.

Unless you intend to be very high-level management an MBA probably isn't necessary. Many of the skills most managers need can be learned on the job or at a variety of training seminars that are offered. Good knowledge of your own company is part of what gives you the skills to manage successfully. Can you teach other employees about your company's work, do you understand the organization's goals, what are the drivers for success, etc.

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Re: MBA: The Way Forward?

11/01/2011 8:34 AM

I agree. an undergraduates degree is the bare requirements just to start with. You have to separate yourself from the pack. Or have a good solid history of success.

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Re: MBA: The Way Forward?

11/02/2011 7:37 AM

G.A for good post. I agree with your comments.

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Re: MBA: The Way Forward?

11/01/2011 10:29 PM

The worst thing to happen to U.S. business has been MBAs. They should be banned. They know nothing about a company, its engineering and its heritage, yet they stomp in with all their high-falutin' theory, charts, and rules that were taught to them by clueless PhDs who couldn't hold a job in industry. It's the blind leading the blind and they are destroying businesses left and right.

Maybe the reason enrollment is down is because business has finally gotten hip to the uselessness of an MBA and stopped hiring them.

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Re: MBA: The Way Forward?

11/02/2011 8:08 AM

You are right, I have come across many MBAs who have cheated many corporates. Also there are many instances of cheating cases where culprits were MBAs. They act like bullies and try to dominate themselves in the organisations. There are instances wherein some of the MBAs who were drawing fat salaries but have contributed practically nil to the organisations. They are good only to draft good direct mail letters. They dress up well and show off shiny pens in the pockets and latest gadgets in their palms.Impressive personalities.

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Re: MBA: The Way Forward?

11/02/2011 8:41 AM

It goes deeper, maybe like changing the accepted norms of an MBA. and actually have them took a longer term vision for a company. Instead of the short term, quick profits, compromised future approach.

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Re: MBA: The Way Forward?

11/02/2011 9:14 AM

Business administration...
Isn't that what a proper old fashioned secretary used to do?

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#10

Re: MBA: The Way Forward?

11/15/2011 11:51 PM

If you were going to pursue an advanced degree - why not a Masters in your field?

That said if you want to climb above the working engineer ranks and in a larger company; find out about training in the in house financial system.

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Re: MBA: The Way Forward?

11/16/2011 2:43 PM

I used to say the same thing. Many careers (not just engineering) start with the ability to do your job. Moving up in the beginning is often how well you can do it. In my experience, there is a point at which "climbing the ladder" is dependant more on the ability to organize and lead a team and manage finances and less on how competent someone is at doing the details.

So the conclusion I've drawn is fairly simple, but seems to apply most anywhere. If you like doing the work, then get as much knowledge you can in your field. If you aspire to be an administrator and lead in the field, then an MBA is the best bet.

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#12
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Re: MBA: The Way Forward?

11/16/2011 10:59 PM

A point well made

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