What is an MBA?
An MBA or Master of Business Administration is a 2-year postgraduate course spread over four semesters. The MBA degree focuses on relevant business management and administration subjects like accounts, finance, economics, sales, marketing, logistics & supply chain management, human resources, organisational behaviour, etc. The MBA degree is for those who want to make a career in business administration and management. The MBA course is a blend of theory and practice but has more practical elements built in.
MBA equips students with exceptional people and communicative skills to function in the business, corporate, and entrepreneurial worlds because it gives them ample industry exposure. An MBA degree helps candidates acquire communication, managerial, leadership, and critical thinking skills, among others. To be eligible for a Master of Business Administration, candidates must have a relevant undergraduate degree and a 10+2 qualification with at least 50% passing marks in aggregate. The average MBA course fee ranges between ₹50,000 to ₹20,00,000 per year. The average starting salary after an MBA ranges from ₹5,00,000 to ₹15,00,000 per annum
What is MTech?
MTech, or Masters in Technology, is a 2-year postgraduate course that specialises in the study of technology (IT) and engineering. MTech is one of the most popular postgraduate courses after engineering or in the field of technology. There are various MTech specialisations offered by colleges. Some of the top MTech course specialisations include MTech in Computer Science, MTech in Civil Engineering, MTech in Biotechnology, MTech in Cyber Security, and MTech in Electrical engineering, among others.
To get admission into the MTech degree, candidates must have a degree in engineering or a BTech degree (Bachelor of Technology). They must also clear their 10th and 12th-grade state board examinations and the entrance examination for entering MTech. The MTech entrance exams include GATE, OJEE, TANCET, PGCET, etc. The average MTech course fee ranges between ₹50,000 to ₹10,00,000 per year. The average starting salary after an MTech ranges from ₹6,00,000 to ₹12,00,000 per annum.
MBA vs MTech: Table of differences
|Full form||Master of Business Administration||Master of Technology|
|Course duration||2 years||2 years|
|Eligibility criteria||Minimum 50% marks in UG + a 10+2 qualification with a minimum of 50% aggregate marks.||Minimum 50% marks in UG + PG + a 10+2 qualification with a minimum of 50% aggregate marks.
Candidates must have a degree in engineering or a BTech degree (Bachelor in Technology).
|Average fees||₹50,000 to ₹20,00,000 per annum||₹50,000 to ₹10,00,000 per annum|
|Average starting salary –
MBA vs MTech salary
|₹5,00,000 to ₹15,00,000 per annum||₹6,00,000 to ₹12,00,000 per annum|
|Domain of Study||Business Management, Administration, and Development||Information technology systems, computer networks, information security, and algorithms, among others|
|Entrance Exams||CAT, GMAT, NMAT, MAT, XAT, ATMA, SNAP, etc.||GATE, OJEE, TANCET, PGCET|
Production and Operations Management
Organisational Behaviour and Human Resource Management
Insurance & Investment
Logistics & Operations
|Type of study||MBA is a blend of theory and practical studies. However, it is more practical and gives students more industry exposure.
MBA helps students develop practical & industry-relevant skills as the course involves a lot of extracurricular and interactive activities.
|MTech is a blend of theory and practice. The first year of MTech involves a lot of research and theory, but the second year involves more project and practical work with ample industry exposure. Depending on their specialisation, students learn in-depth about software, machines, chemical plants, artificial intelligence, civil engineering, and more.
|Types of courses/specialisations||● MBA in Finance
● MBA in Marketing
● MBA in Business Analytics
● MBA in Human Resources Management
● MBA in Operations and Supply Chain Logistics
● MBA in Accounting
● MBA in Information Technology
● MBA in Project Management
● MBA in Banking and Insurance
● MBA in Sales Management
● MBA in Banking and Finance
● MBA in Digital Marketing
|● MTech in Computer Science MTech in Civil Engineering
● MTech in Mechanical Engineering
● MTech in Biotechnology
● MTech in Artificial Intelligence
● MTech in Cyber Security
● MTech in Structural Engineering
● MTech in CSE
● MTech in Electrical Engineering
● MTech in Biomedical Engineering
● MTech in Aerospace Engineering
● MTech in Chemical Engineering
|Top colleges in India||● IIM
● IIM Ahmedabad
● IIM Udaipur
● IIM Ranchi
● IIM Lucknow
● IIT Delhi
● IIT Kharagpur
● IIFT New Delhi
● NITIE Mumbai
● Symbiosis Pune
● IIT Hyderabad
|● IIT Bombay
● Institute of Chemical Technology
● Veermata Jijabai Technical Institute
● KJ Somaiya College of Engineering
● IIT Delhi
● National Institute of Technology
● Delhi Technological University
● RV College of Engineering
● PES University
● IIT Hyderabad
MBA vs MTech – Job scope
There is equal demand for MBA vs MTech because both the business and IT industry are booming and earning revenue in trillions. While comparing MBA vs MTech jobs, there is ample scope in both. Both MBA and MTech graduates earn a yearly revenue between ₹5,00,000 to ₹12,00,000 per annum. However, MBA graduates tend to earn a bit more because they are placed in managerial and top management positions. With time and more experience, both MBA and MTech graduates can earn high incomes.
To conclude: What should I pursue: MBA vs MTech?
MBA and MTech are two very different post-graduate degrees. While you can do an MBA after finishing your BTech course, it is ideal for those students who are keen on making a career in business management and administration. While MTech is an information technology-oriented course, MBA covers completely different subjects. It would make sense to do an MTech after BTech or any other engineering course, as the two will lead you to the tech field.
MBA is the chosen postgraduate course after management-oriented courses like BBA, BMS, and others. However, if you want to get dual exposure to technology and management, then an MTech would be ideal.
Ultimately, what you choose depends on your interests, preferences, eligibility, and skills. For further clarity on MBA, MTech, and other courses, you can sign up with an education services platform that helps with admissions, fee payment, industry integration, training and placement. One such popular platform in India is Sunstone, which offers these benefits across 50+ campuses in India.