Are you a recent B.Tech graduate? What should you do after Engineering? Job or higher studies. In case you want to pursue higher studies, then there are so many options open out there. M.Tech, MBA or some other course. There is no point comparing M.Tech Vs MBA. Both the courses are different and have a different scope of jobs and placements.
If you are good at technical and core engineering subjects, maybe an M. Tech is the right course for you. But, in India, there are limited opportunities for M.Tech graduates, working in PSUs if you crack GATE or being a professor at prestigious Engineering colleges can be good options. M.Tech or MS from the universities abroad can be a better career decision, both in terms of placement and career you get.
MBA, on the other hand, is a broader course which aims to give you a managerial role in the corporate world. MBA requires developing business decision-making skills and management of domain you opt for-Finance, HR, Marketing, Operations, International Business, IT etc.
In India, both MBA and M. Tech don’t require work experience. It is advisable to do MBA after a few years of work experience as all top B schools in India including IIMs, XLRI and others have some weightage in final merit list preparation, about 5%. Work experience for M. Tech is not that much important as compared to MBA and college you get into purely depends on the score you get in Entrance Exam for M. Tech.
Duration
In India, both MBA and M.Tech are two years of courses and are generally residential. In universities abroad, the duration of both MBA and MS/M. Tech may vary from 1 year to 3 years.
Cost
An MBA in India may cost in India around 14 lakhs on average, it may vary from 8 lakhs to 20 lakhs depending on the college. On the other hand, M.Tech in total may cost you more than Rs. 1.5 lakh from any IIT or NIT, private colleges may charge a bit more.
Job & Salary
When it comes to Job and salary, the MBA has an edge over M.Tech. An M.Tech is expected to get a package of Rs. 5-6 lakh and more if he is a pass out from top engineering colleges of India and the growth is relatively slow in this career path.
On the other hand, an MBA graduate is also expected to get more than 6 lakhs package if he passes from Top 50 B Schools of India. The only difference, between both career paths, is the potential for growth and opportunities.
It depends on your inclination. If you want to go for higher education and subsequent research, M.Tech is advisable. If you want a managerial position in a good company, pursue an MBA.