I’m interested in getting an EE degree for UG, and then few years down the road after employment, get an MBA in finance. I’ve read that many engineerings get an MBA for management positions, etc., and I was wondering if this would be a good idea for me.
My biggest questions is whether it’s worth it and if it has salary benefits.
The answer to your biggest question is that it’s WAY too early to know if it’s going to be worth it. If you get out of undergrad with an EE degree and you’re already making $90,000 a year (as you might be if you go to a very prestigious school) then spending $50-150,000 on a MBA may not be worth it! You might even end up at a firm where they pay for your part time MBA after you’ve devoted a few years to the company because they want to invest in you and have you work as a project manager or something! The whole point of a MBA program is that you wait a few years after undergraduate before applying.
I understand, and I really want to study further after a BS. As it’s too early to decide upon on MBA, generally, maybe based on other people’s experiences, would it be smarter to continue studying EE and get a masters, or something else.
If you’re not even in college yet, it’s too early to make these decisions. You may not even end up studying engineering, or you might but decide you want to do something different for graduate school, or that you don’t need graduate school at all. For now, focus on getting into a good undergrad college that offers the experience you want (including, but not limited to, your major).
Why? Graduate degrees are a means to an end. If you get the perfect job at the level of compensation you want straight out of undergrad, you may not need to get a graduate degree. Why would you spend the time?
On the other hand, the only reason to get a graduate degree isn’t necessarily income increase - it could also be the kinds of positions you want. For example, maybe you do make $60-70K a year as an electrical engineer straight out of college, but then the positions that you want to advance to require an MBA. Maybe they don’t pay a whole lot more, but it’s worth it for job satisfaction for you to get an MBA. You have to measure worth in more than just income (although income is very important, at least to the extent that you can repay any debt you borrow for your degree.)
The smartest thing to do is figure out what kind of career you want to have FIRST, and then pursue a graduate degree IF you need one to have that career you want.