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The combination of MBA and architecture could be very helpful to construction companies, architectural firms, real estate firms, and others. A deeper understanding of the relationship between business management and architectural design can benefit any practice. Perhaps an MBA is in your future.The MBA degree was originally created because engineers working for companies were promoted to managerial positions, and often they did not know how to manage, although they were good engineers. Companies needed managers who could understand what the engineers were saying, and managers without engineering degrees often did not understand the engineers and their needs. Business schools responded by creating the MBA degree. It is a general degree designed to train student to enter any area of management. Most MBA programs accept students with any undergraduate degree.Please keep in mind that the MBA is in contrast to the MS degree which trains students to reach higher levels of knowledge in their specialty so that they can serve as better staff and researchers, with no intention of becoming high level managers.MBA offers a universe of strategic business skills that could prove invaluable in an architectural setting. These include sophisticated financial modeling methods and the ability to apply macroeconomic principles to the establishment and management of a global architectural practice. There are techniques that could prove to be business lifesavers. These include understanding the how's and why's of hedging against foreign currency risks and the various strategies by which to undertake complex, international, and multi-party negotiations.
Seeing the query of an Architect wishing to think about MBA excited me to answer this instantly.I am glad that you approached MeraCareerGuide for seeking guidance and clarification to your wonderful and interesting and genuine query.
An Architect doing a management course is the need of the hour. Today the business dynamics have become so challenging and ever changing, that managing businesses is an uphill tasks. Today there is plenty of technical competence available in infrastructure and construction business, but there is great shortage of business management professionals with techno-commercial skills. This is a pain area for infrastructure and construction companies today.
Architects I term them as God. They are the people who conceptualise, visualise and imagine hard structures for better living and environment. However if God has conceptualised such a wonderful world, God has left the efficient management to the people living in the world.
According to the survey by ASSOCHAM in 2013, 10 lakh project management professionals are required in the construction and infrastructure sector.
However a general MBA would not suit the exact requirement here. An Architect doing an MBA Finance or Marketing or Human Resource will not be useful keeping in mind the high technical competence of Architecture.
Engineer and Architect if major in Project Management will be great boost to their career and they can grow exponentially in corporate as well as consultancy.
Project Management is the thrust area today since that is the lacking area since Engineers and Architects are not taught about Project Management in their curriculum to the extent it is supposed to be taught.
Ironically, there are very less Institutes who give Project Management specialisation in MBA or PGDM. One of them is Samvit School of Infrastructure Business based in Pune which gives full time placement oriented course in Project and Construction Management.
It is high time that techno crats like Engineers and Architects pursue Project Management rather than generalised business management.
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