MBA Technology Management

Master of Business Administration (MBA) programmes in Technology Management, often known as MBA Technology Management is two year MBA degree programme and is also a growing popular degree offered at numerous universities or business schools across India. The programme assists students in their preparation for advanced positions in the technological field.

Technology management is a potential MBA specialisation that is accessible in full-time MBA, part-time MBA, distance learning MBA, online MBA, executive MBA, or 1-year MBA formats, all of which are meant to develop IT and management skills. An MBA Technology Management programme is designed to develop corporate executives who are not just proficient at managing current technology but also understand how to adapt to its rapid changes in the workplace. Moreover, the programme teaches students how to expand their knowledge across numerous technologies while emphasising creativity as a strategy of leadership. 

An MBA Technology Management programme is a step up from a bachelor's degree in IT specialization, and the graduate is frequently far ahead of those with only bachelor's degrees. In addition to their past academic performance, applicants must take the Common Admission Test (CAT) or any other entrance exam accepted by the business school, such as XAT, MAT, GMAT, NMAT, SNAP, and so on, to be admitted to this programme.

Among the top MBA Technology Management colleges in India are Narsee Monjee Institute of Management Studies, Amity Business School, Osmania University, IITs, Symbiosis Centre for Information Technology, Chandigarh University, and others. Candidates often pay between INR 5 lakhs and INR 25 lakhs for the course.

Graduates of the MBA in Technology Management programme can pursue further studies in the same field or apply for a variety of high-level employment in the IT-Management sector. They can function as an IT Manager, a Technical Program Manager, a Project or Product Manager, an IT Supervisor, an Information Systems Manager, Computer Systems Analyst, or a Chief Technology Officer. Graduates with little work experience can expect to earn between INR 4-10 lakhs per year after completing this programme. After obtaining work experience, abilities, academic certification, and more, the salary can reach sky-high limits.

Check all the important details about MBA Technology Management from the table given below.

Whether an aspirant is recently completed his/her undergraduate degree or has been in the field for some time, studying graduate courses may be precisely what they need to boost their career. Believe it or not, an MBA in Technology Management (or Tech MBA) is not just for people with a business background. This programme focuses on how technology and management work together to encourage the ongoing development of fundamental managerial skills while providing the practical knowledge required to effectively define holistic company processes and establish strategies that drive innovation. 

Let us now look at why earning an MBA in Technology Management can be a wise investment in anyone's career.

• Develop Advanced Technical and Management Skills: One of the most essential reasons to pursue an MBA Technology Management is to graduate with a completely new set of skills. A tech MBA teaches students how to address business challenges through the use of proper quantitative and qualitative methodologies, as well as technology tools such as various types of software and hardware. Students will also learn transferable skills such as dynamic leadership, analytical and critical thinking, problem-solving, and creative ways to express themselves.
• Diverse Specialties and Career Options: Pursuing a tech MBA does not limit applicants to studying business in one specific field; as previously said, the abilities they will learn are highly transferable regardless of the type of work they conduct. The flexibility to select from a varied selection of specialisations allows individuals to focus on their current industry or branch out to a new one. Some of the most trending specialisations that aspirants can add to their tech MBA are Finance, Management Information Systems, Marketing, Healthcare Management, Innovation and Entrepreneurship, etc. 
• Building a Broad Professional Network: Networking, networking, networking! It is never too early or late to start networking. Building a professional network is critical for career progress and success, whether they are in undergrad, graduate school, a new position, or the same one they started 10 years ago. Aspirants will develop professional ties with instructors, faculty, other students, and alumni while pursuing an MBA Technology Management. Developing these long-term relationships may help to open doors to opportunities that might not otherwise be available.
• More Career Opportunities: Looking for work can be a time-consuming and stressful process. Graduates apply to hundreds of jobs each month, writing cover letter after cover letter in an attempt to get their application noticed - having an MBA Technology Management degree may help their resume land at the top of the recruiter's pile. While certain positions will require an MBA, for those who do not, this degree provides a great method to stand out from the crowd.
• Confidence Boost: Many students suffer from imposter syndrome and the sensation that they are unprepared for their first full-time job following graduation. Regardless of the cause, it can be tough for graduates to apply for jobs when they lack confidence in their talents and skill set. By pursuing an MBA Technology Management degree, candidates not only gain hard skills related to technology such as data analysis and risk calculation, but they also develop soft skills such as time management, communication, leadership, and strategic thinking. These vital abilities will help them build confidence in the workplace and succeed.
• Competitive Starting Salary: The Masters of Business Administration (MBA) is one of the most sought-after degrees in the world, particularly in India. Earning a graduate degree often results in a greater starting salary than a bachelor's degree alone. Having said that, entry-level graduates can expect to earn between INR 5 lakhs and INR 13 lakhs per year after completing this degree. MBA Technology Management graduates continue to have a good return on investment (ROI).

MBA Technology Management is an attractive MBA specialisation after a bachelor's degree. MBA Technology Management is provided to students in three modes: full-time, part-time and online or distance mode. The details of each of the modes have been discussed below:

Full-time MBA Technology Management

During the full-time MBA Technology Management programme, students are expected to attend regular classes and not get involved in any full-time professional activity. A full-time degree ensures that students get a comprehensive curriculum best suited for technological professionals. 

Part-time MBA Technology Management

Part-time MBA Technology Management courses do not require time away from the office. It is designed for professionals who intend to carry forward their studies while juggling professional responsibilities. It focuses on the area of management education and training with special emphasis on technology management and conforming to challenges that arise in contemporary technology-driven organisations

Online/ Distance MBA Technology Management

An online or distance MBA in Technology Management provides added accessibility and flexibility to the course. Students do not need to regularly attend classes and can pursue them from the comfort of their homes through live classroom teaching or recorded sessions. They are cheaper options than on-campus learning. 

All the colleges taking applications for MBA Technology Management will shortlist students on the basis of their performance in the entrance exams. There are several MBA entrance aptitude-based tests that are conducted in the country which the students can take to enrol themselves in prestigious colleges. Applicants can check out the MBA Technology Management entrance exams which they can opt for: 

Most MBA programmes provide training in basic business principles needed by any manager including subjects like corporate finance, economics, strategic planning, marketing, and accounting alongside the core subjects based on the specialisation that aspirants choose. Like any other MBA programme, the eligibility criteria for an MBA in Technology Management are also the same. 

• Candidates must have a Bachelor's degree in a relevant field of study or an equivalent qualification from a recognised institution or university.
• For this programme, an aggregate of at least 50% marks or equivalent grade B on the UGC 7-point scale in graduation is necessary.
• Colleges and universities also choose students based on their performance on entrance exams (like CAT, CMAT, NMAT, MAT, XAT, SNAP, etc.), personal interviews, and group discussions.

• Candidates will be selected on the basis of their marks in the entrance exam and academic degree

• Candidates may check the official website of the college to know the entrance exams accepted by the college.

• Some of the entrance exam conducted for admission in the MBA in Technology Management are GMAT/ XAT/ CAT/ NMAT

• Selected candidates may visit the college to confirm their admission. 

If you want to know the detailed admission process of MBA Technology Management for any particular college, you can ask your questions on the Collegedekho QnA zone. 

MBA in Technology Management is a comparatively newer MBA specialisation in India and is offered by handful of colleges. Here is a list of the most prominent colleges that provide MBA Technology Management courses in India: 

MBA Technology Management abroad is designed for students who would like the opportunity to acquire proficiency in and develop knowledge of the important aspects of Information Technology (IT) Management. The course content is focused on key areas of information technology and business enterprises. It aims to equip students with skills to capture, organise and present information and data to enhance efficient communications and minimise error.

The top MBA Technology Management courses abroad have been enlisted below: 

The course curriculum of MBA Technology Management emphasises to learn the principles of Management Information System for organizations and to understand its uses and functions. It also helps to understand strategies of technology policy and ethics and the policy and innovation of technology. 

• The core objective of this program is to turn out future managers, who would fully meet, the dynamic, challenging and competitive needs of the industry.
• It provides a strong conceptual base in management aspects like Marketing, Finance, and Human Resources Management and develops skills for the application of concepts to businesses.
• It equips students with an analytical mind to comprehend and handle complex situations related to the Management of Technology which is Technology Forecasting, Search, Selection, Transfer and Creation of New Technology.
• There are class lectures, assignments, projects, internships, seminars, report writings and discussions to carry forward the courses. 

The cost of MBA Technology Management is estimated to be higher than other specialisations however this does not hold true. There are universities that provide MBA Technology Management at a cheaper cost. Generally, the tuition fee depends on the reputation, goodwill, teaching faculty and infrastructures provided by the colleges. The following table represents the cost of MBA Technology Management in Indian colleges: 

Syllabus of MBA Technology Management is provided below

Second Year

With an MBA degree in Technology Management, you can find job roles such as:

• Information Systems Director
• Information Systems Manager
• Management Analyst
• Chief Information Officer
• Chief Technology Officer
• Project Manager
• Computer & Information Research Scientist
• Computer Network Architect
• Computer Hardware Engineer

According to Payscale, for most of the above-mentioned profiles, the starting salary with an MBA degree in Technology Management can range between Rs. 9 Lakhs – Rs. 11 Lakhs per annum. With a few years of experience under your belt, you can expect to earn between Rs. 15 Lakhs – Rs. 20 Lakhs per annum. With senior/ leadership roles and number of years in the profile, your pay package will start above Rs. 20 Lakhs per annum.

For research and analyst based profiles, the salary will range between Rs. 4 Lakhs per annum and can go upto Rs. 10 Lakhs per annum at the level. The salary-deciding factor also depends upon the MBA in Technology Management College that you have graduated from. 

Graduates in MBA Technology Management have a good scope of income in India and abroad. In India, companies offer INR 6 to 10 lakhs to technology management graduates. The salary scale differs depending on the position they get into and fluctuates depending on several factors. The popular MBA Technology Management job roles along with average annual salary are given below: 

As more and more industries are technology-driven, there is a greater need for technological leaders who can handle businesses.MBA Technology Management course combines traditional and contemporary theory along with practical skills for the management of information systems and technology aspects of businesses. To successfully bridge the gap between technology and management, students must possess the following skills:

• Strategic Thinking: It is required to plan, help identify and anticipate future technological needs and improve efficiencies of current systems. 
• Strong Communication Skills: They must be able to establish strong bonds with team members and company leaders to launch initiatives using new technologies and systems.
• Sustain Pressure: There may be privacy breaches and system glitches, so MBA Technology Management professionals have to be on their toes. They have to find solutions quickly.
• Attention to Detail: Technological mistakes can result in huge losses for companies. Therefore it is necessary to minimize the potential for error and identify and correct expected problems before they occur.