An MBA isn't necessary to succeed in the business world, nor for an engineer moving into management. However, if an engineer does want to head in that direction, it can be very helpful.
In my opinion, the best results from an MBA program come from people that already have some real-world experience. The stereotype wrap that MBAs get isn't due to the program. It's due to misuse of the knowledge, or the application of that knowledge without wisdom.
Anyone that is smart, open minded, able to isolate one's biases and willing to minimize ego can benefit from and MBA program. Anyone who wants to use an MBA to "appear" smart is likely to end up being guilty of death or injury by PowerPoint.
Oh sure. What was I thinking? Your infinite wisdom is absolutely unassailable. Why bother with customers or products at all, just make all the money you could ever want with "financial engineering"! Then when everything fails go complain to your "bought-and-paid-for" congressman and DEMAND to be bailed out by John Q. Taxpayer! THAT'S where all these "money for nothing" schemes wind up, but the "perps" never seem to realize it until it's too late. Now then what were YOU thinking?
Anybody knows that an MBA is essential to running a successful company or operation. The ability to spend all day staring at spreadsheets like a mouse on crack and manipulate numbers to insure company success then present them on powerpoint is what makes companies thrive.
The old notion that someone needs to have a good understanding of a companies products and customers is obsolete.
"The firm said requests from employers for candidates with an MBA as a prerequisite or a preference were relatively rare, but that despite this, perceptions about the need for an MBA among non-MBA-holder tech professionals continued to lag"
Sylvie this shows the disconnection between perception and reality. Glad you're here asking us as the practitioners in addition to the recruiters who may be more salary multiplier motivated than those of us who choose to remain technical because THATS our passion.
I agree with the poster who suggested one can always find a business partner or employee or advisor who brings that experience to an enterprise. Swiss army knives are lousy knives as much as engineers who go early into business concerns miss critical experience opportunities that might make or break their worth as an engineer. With every passing year I'm astounded at how much less I knew before that point and am delighted with how comfortable I am knowing my trade so much better for just sticking with it. Ladders are over rated ;-)
The management view of a 40 or 50 year old engineer is that they have failed in their careers. NOTHING could be farther from the truth. Yet it is this fear of appearing to have failed drives far too many good working engineers into management just so they can feed, clothe and house their families. I have seen this many times over the past 30+ years. Companies tout a dual career path yet put no effort or resources into the engineering leg of that path so the path fizzles out at a modest senior level. Management makes no effort to identify, reward and keep in engineering their top engineers thereby making it look, to younger engineers, like engineering is just an entry level position for a career in management. If this mindset is to change a cultural shift must take place in the management ranks and that is unlikely to happen unless real engineers get a voice at the table. Getting an MBA does not give engineers the voice needed and is thus a monumental waste of time.
I used to hear this too, about getting an MBA. However, going on the assumption that earning this MBA would be at the expense of some decent engineering graduate courses, after many years in engineering, I say nuts to that idea.
Getting an MBA is essentially straying off course. Moving into management, from engineering, is also straying off course. Since there are many more people "qualified" to become managers, than to be productive and well educated engineers, the simple truth (I've observed) is that managers are now far more expendable than real engineers.
In this economy, straying off course for engineers is a mistake. Simple as that.
Knowledge is ocean.Doing MBA will assist to strengthen their carrier.For example a Purchase head of an engineering company can utilize his engineering and business studies effectively.They can easily pick up and economize their company. A sales manager ,where as needs more technical strength with a good business approach.So MBA is a must, for those who are technically strong and this can be done in part time. Where as non engineering companies they do not need Engineering MBA's unless other wise they dont mind employing engineering MBA's because of their higher IQ levels.
OK I'll admit my perspective on this may be a bit extreme, but I really think an engineer who gets an MBA is essentially terminating one career in order to start at the very bottom in a new one. God knows I've "earned" this perspective though, spending countless hours either in meetings or private conversations with my manager(s) in vain trying to get allocations for tools and equipment that I considered essential to get the productivity of our group up to somewhere CLOSE to what would be necessary to meet the overly ambitious project schedule that was already "cast in stone", THEN practically getting dared to try and meet it anyway! I'm old enough to remember when there was actually a "tech career track", heck I was even around when we had "staff engineers" who were considered valuable enough that they'd actually be "kept around" even while they didn't have a "primary project" to charge time against. The current feeling that engineers and managers "play for competing teams" is actually NOT contributing to bottom-line productivity, but considering the extent to which it's been adopted you'd think it was always like this. (And I'm sure a lot of "line managers" feel pretty alienated themselves from the guys in the C-suite.) Also I've seen lots of places where the "transition" (from engineer to manager) is made even more difficult to discourage "career experimenting" and make entry-level management even harder to get into. I'd be interested to hear about different perspectives because I'm sure some of you will just disregard my comments as "terminally cynical" but I assure you they're at least legitimate.