In Part 1 of this series, we went through the issues that should be considered while deciding on pursuing a Master’s degree. In this part, the different Master’s degree options will be explored.
1. Master of Science/Master of Technology/Master of Engineering
Graduates who hold a Bachelor degree in Science and Technology/Engineering fields can pursue an MS/ME/MTech degree. There are several different areas of specialization in each discipline of science and engineering. If you have a scientific bend of mind and have a passion for science or technology, this is what you may want to do.
The career paths options after an MS/MTech include corporate Research and Development, Product Development, academic research and teaching. If you want to pursue a corporate career, you will mostly be doing Product design, project management and manufacturing engineering.
The career progression will be within the Engineering, Manufacturing or Procurement departments.
2. Chartered Accountant/MBA Accounting/Chartered Public Accountant
Graduates who intend to pursue accounting careers can pursue a Chartered Accountancy degree. Some colleges abroad offer an “MBA in Accounting” program which prepares graduates for a career with some of the big accounting firms. The Chartered Public Accountant in the USA is equivalent to the C.A. in India.
If your are deeply interested in economics and aspire to become an economist in corporations, in banks(RBI,IMF, World Bank) and Government of India planning commission, you ought to do an M.A. or M.Phil in economics . Some of the prestigious institutions that offer Master’s programmes in economics include London School of Economics and Jawaharlal Nehru University.
Master of Business Administration is one of the most sought after degrees in this era of globalization. With the Indian economy integrating more and more into the world economy, the need for trained business leaders and managers is increasing.
If you are comfortable with ambiguity, like interacting with people and are seeking long term leadership roles, you should consider doing an MBA. On the other hand, if you love doing technical jobs and are not very comfortable managing people, you should do any objective analysis to find if an MBA fits your aspirations.
There are several other fields that I have not discussed, like, medicine, law, public affairs among others. These fields are highly specialized and I will be mostly covering the M.S/M.Tech and MBA options in my future posts. If you have questions regarding any of the fields that I haven’t covered, feel free to contact me. I will try to provide as much information as I can.
Till my next post, good bye.
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