Tuesday, January 22, 2008

Engineers/Engineering with MBA

This is the latest salary report for engineers in different fields in USA

Salary Report (avg. salary in USA)

  • Aeronautical Engineer 58k
  • Biomedical Engineer 61k
  • Chemical Engineer 65k
  • Computer Programmer 50k
  • Computer Systems Analyst 54k
  • Electrical Engineer 59k
  • Industrial Engineer 56k
  • Mechanical Engineer 53k

  • Now the big question is what are the job prospects and salaries like after you have completed engineering and MBA. Well, First of all to do MBA from USA one requires two things
    1.) At Least 2 yrs of job experience and
    2.) GMAT and TOEFL Score

    Of Course after that you have to worry about money,loans and other stuff but the above two things are the first things to worry about.
    Benefit of an MBA is salary increase. On average, an individual with a Masters in Engineering will make $10,000 annually more than one with only a Bachelor's in Engineering. With an MBA, you can earn on average up to $30,000 more than the Bachelor's. Along with the potential salary increase, the MBA will add flexibility and credibility to your personal portfolio.

    What's involved in an MBA program?
    Basically all MBA programs have a core curriculum consisting of the major business disciplines: finance, management, accounting, marketing, manufacturing, economics and organizational behavior. Beyond this, one can usually specialize in a particular area or take a broad general management route. When considering which program to enter, consider the following criteria

    • Academics - reputation, curriculum, teaching/learning methodology
    • Career - job placement, career support, networking
    • Quality of Life - location, social life
    • Expense - tuition, cost of living, financial aid (average MBA program costs $50,000)
    If you find the standard two-year full time program too costly or time-consuming, you may want to consider a part-time program, an accelerated program, or if you are already in a management position--an executive program. For more details on MBA programs, check out the Princeton Review On-line (www.review.com/business).

    2 comments:

    Michael Siegle said...

    Good information, but where did you get your salary/compensation information? I am looking into getting an MBA, and as an aerospace engineer, I would like to get a better idea of where I could/would stand.

    abhi said...

    Thank you michael for reading my blog and leaving a comment. I usually use several sources for the information. Most important being internet google search. Besides i talk to people (mostly friends) who are engineers and reveal their salaries on the condition that i do not reveal their names. I have some info for aerospace engineers titled "Aerospace Engineering Salaries", if you check out the sidebar