It really depends whether an MBA is worth it to a mechanical engineer or not. Probably the most basic analysis for deciding whether an MBA is worth it or not comes down to the price. The largest companies in the USA do not make it a secret that is is image related, and if you do not have a degree from an Ivy League school do not bother applying. If you are looking for an MBA solely for the purpose of boosting your value with your current company then you might think of saving a few dollars by not attending the top of the range schools. For example, if you are looking to get into a Fortune 500 company, say in the finance, analytics or accounting sectors, an MBA could help secure the opportunity of a lifetime. Indeed may be compensated by these employers, helping keep Indeed free for job seekers. A quick note to keep in mind, the material included in an MBA will not be challenging compared to what you have had to go through obtaining your mechanical engineering degree. MBAs require some work experience before you can enroll, so some students will have to give up full-time work so they can pursue the MBA. Either way, this is a decision that the candidates will need to make, and if they do pursue the MBA they will want to feel confident that it is worthwhile. The leadership skills learnt while completing an MBA can help you to move from a lab coat to a corner office, it can also give you an understanding of marketing and allow you to promote yourself better for more promotional opportunities. This is a Master of Business Administration (MBA) degree and this post will outline whether this particular direction is worth the investment of your precious time and money. You, For Once you approach this decision with the logic and reasoning of a mechanical engineer then you can’t go wrong! Companies All rights reserved. MBA Engineer jobs. Skills Mechanical Engineer I Salaries with a Master's Degree or MBA ; Mechanical Engineer I Salaries with a JD, MD, PhD or Equivalent ; Browse All Engineering Jobs by Salary Level. The engineering portion of the curriculum focuses on an area of specialization, while the MBA section includes accounting, economics, law and ethics, financial management, project management, strategy development and much more. Displayed here are job ads that match your query. First, if you’re looking to launch your own blog and start writing articles yourself, no matter what the subject, you can launch your blog with Bluehost for just $3.95/month. Some schools have actually advised students to budget $200,000 a year for their education, this money could be spend improving your knowledge in other ways, such as taking online courses on a platform like LinkedIn Learning, which offers courses in business and tech among others, and the first 30 days are free. Full-time (317) Permanent (37) Contract (17) Part-time (6) Internship (4) Temporary (2) Casual (1) Job Category. If you have anything to add, please feel free to leave a comment down below, and sign up to our newsletter for more of the same! The cost of obtaining this degree does not come cheap, costs for higher education have outpaced the rate of inflation and the MBA is no exception. Job type. Please try our salary wizard to explore how other factors like location, Years of experience and number of direct reports can impact your base pay and bonus. The top 10 percent in the field make approximately $120,000. Furthermore, the vast majority of MBA programs only except candidates that have several years of relevant experience, which can force a potential candidate to either sacrifice years of career growth and experience, or pursue the degree part-time. Type of Engineering Career Of course if this company has a background in engineering, you will be even more suited to the role. Getting an MBA is like adding another tool to your toolbox as a mechanical engineer, once you can combine your uncanny ability to problem solve with thinking and speaking in business terms you will be ready to take on the world! A lot of graduates that apply for postgraduate degrees, MBA included, think that there are no good opportunities in their field due to extenuating circumstances such as the economy, downsizing or financial instabilities, and by completing an MBA is the way to stand out from the crowd. Design and development of mechanical and opto-mechanical systems. © According to our 100% employer reported salary sources the median salary for a Mechanical Engineer II with a Master's Degree or MBA is $83,429 - $87,650. Salary estimate. A different strategy some mechanical engineers use is to enhance their skills is modern technology, like in 3D CAD programs like AutoCAD, Revit, Inventor and Fusion 360. Candidates have increased their salaries drastically by either moving companies or progressing to higher roles due to the management aspect of an MBA. Locations. Locations, Most innovative compensation technology backed by the most experienced team in the industry, Better communicate your compensation decisions to your employees, Salaries According to the U.S. Bureau of Labor Statistics, the average mechanical engineer makes around $80,000 annually. If you are hanging around the lower levels of the current engineering company that you are working at, and are looking for a way to enter the world of management, an MBA could be the way to achieve that. Business, For document.write(new Date().getFullYear()); Your email address will not be sold or shared with anyone else. Typical Education for Mechanical Engineer I, How to Apply for a Job During the Coronavirus Pandemic, Small Job type. With this taken into account, depending on differences in salary, an MBA could cost upwards of $150,000 a year. Master of Business Administration (MBA), Mechanical Engineering (ME) - Salary - Get a free salary comparison based on job title, skills, experience and education. However, if they have an interest in business management, a popular approach is to complete a dual MBA/MSE program. Particle Measuring Systems 3.9. Bachelor's. Below we go through the pros and cons to obtaining an MBA as a mechanical engineer and will hopefully aid you in making your own decision should that be the case. An MBA may be valuable to you as a mechanical engineer if: An MBA may not be valuable to you as a mechanical engineer if: Going to school for any sort of degree or education is a huge investment of time and money, be sure to extensively go over the pros and cons of any decision that you make. Their foundation is made up of math and science, and without these we would not be able to perform even the most basic of daily job tasks. 8 Best Computers for CAD and 3D Modelling, 9 Best Keyboards for CAD and 3D Modelling, You want to move to a managerial position, Your job includes budgeting or financial forecasting, Your employer offers tuition subsidies for postgraduate degrees, You are looking to go down a different career path, You do not want to forego two years of your career and incur the expense of an MBA, You have a second career path that already has opportunities for advancement, You want to remain on the technical side of engineering, You plan on staying with a traditional engineering company. There is one degree that gets a lot of attention when discussed in relation to post-grad mechanical engineering. Job. Companies Salary estimate. Architecture & Engineering Occupations (17) ... 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