This is the most frequently asked question and also the doubt in almost every individual doing there B.Tech.
Doing
 a master’s course while on the job is straining, but the fruits are 
worth the effort. This is especially so if you are an engineer who 
chooses to do an M.Tech or MBA. This will not only add to your 
qualification but also help to advance your career in the short term and
 mid term. 
However, making a choice between MBA and M.Tech can be quite confusing for many. 
M.Tech vs MBA
First,
 understand that there is no point comparing M.Tech and MBA. Both are 
specialised degrees and have value in their respective fields. Both 
M.Tech and MBA provide excellent career options and have gained 
importance in last few years. M.Tech or MBA is always an additional 
advantage to an engineer whether it is in terms of knowledge, experience
 or seniority.
Whether
 it be a manufacturing, IT or R&D driven organisation, there would 
be requirements for both M.Techs and MBAs. The former would be more of a
 subject matter specialist, while the latter would handle product 
marketing, sales, project management, human resources, IT process, 
consulting or customer service management. 
Doing
 M.Tech in a particular field will definitely make you more valuable to a
 company that has business profile of that field. MBA, on other hand, 
will give you a totally different business perspective and is broader in
 scope. 
Choice is entirely up to you
Ideally,
 you should make the choice on the basis of your capabilities, career 
goals and interests. If you want to continue your career in technical 
field, M.Tech is the right choice for you. You can even switch to 
teaching or research. But if you want to work in the industry, MBA is 
the way to go. MBA is a management course that will enhance your 
managerial, communication and presentation skills. 
After
 MBA, you get the entry to the field of business and administration 
where you can go in for options like marketing, sales, human resources 
and operation management.
Specifically,
 M.Tech is suitable for a product-based industry where technical skills 
are required. MBA is more suitable for a service- and customer-oriented 
industry. Engineering graduates having a management degree are perfect 
for front-end sales, field applications and customer facing jobs. 
However, if an organisation is innovation hungry, pure engineering with 
master’s specialisation is a lethal combination! 
Fresh postgraduates vs experienced graduate engineers 
Right
 qualifications are important but hands-on industry experience cannot be
 discounted. So an already employed engineer may still have an edge over
 a fresher who has an additional degree of MBA or M.Tech. But this 
completely depends on his capabilities and the management’s views. 
However,
 a more qualified candidate usually enjoys a better compensation in the 
long run. This is more so if the master’s degree is completed from a 
reputed institute.
Some
 really good institutes for studying M.Tech are all the IITs, Delhi 
Technological University (formerly Delhi College of Engineering), Netaji
 Subhas Institute of Technology (NSIT), NITs and Birla Institute of 
Technology & Science (BITS). Some MBA colleges of repute are all the
 IIMs, FMS, XLRI and IIFT. IIMs top the list in MBA training.
Starting off
To
 enrol for M.Tech in a reputed institute like IITs, you need to crack 
GATE. In case you plan to pursue MBA, there are entrance exams like CAT 
and MAT which you need to clear. 
Though
 it is easier to continue M.Tech in the stream as you did your BE or 
B.Tech, you have many options for doing M.Tech—electronics and controls 
engineering, VLSI design communication systems, embedded systems 
technology, power electronics and drives, digital communication and 
networking, remote sensing and GIS, information technology, computer 
science and engineering, and biomedical and instrumentation engineering 
to name a few.
When
 on the job, you learn to put your theoretical knowledge into use, but 
to improve upon your knowledge of design or research aspect, you need to
 go for the masters. It, however, will be difficult to crack the 
entrance exam (GATE) while you are on job. So it is recommended to 
qualify the GATE exam in the final year of study and get a job 
thereafter, as GATE score is valid for two years.
MBA, on the other hand, is preferable after you have gained some work experience.
Part-time: Good choice for working professionals 
If
 you are a working professional who cannot take time off work to attend 
full-time, a part-time programme will give you the opportunity to pursue
 an advanced degree. Academically, part-time programmes are identical to
 full-time programmes. With the part-time programme, you can work 
full-time while attending classes on days off or in the evenings. So you
 can improve existing skills or develop new ones without affecting your 
current job.
To
 pursue a part-time/evening programme in M.Tech, the minimum eligibility
 is B.Tech/M.Sc or equivalent in relevant field with CGPA of 6.75 on a 
10-point scale or 60 per cent marks in aggregate for general category, 
and some work experience. You must submit no objection certificate from 
your employer at the time of interview. Selection is generally made on 
the basis of a written test and/or interview.
Similarly,
 many colleges and universities offer part-time MBA programmes. The 
advantage of a part-time MBA programme is that you can bring and discuss
 real-world situations and problems into the classroom, where solutions 
can be explored that could be implemented in real life. In fact, such 
presentations and discussions make the classes more interesting. 
Tuition
 assistance and student loans may be available. Also, there are many 
employers who sponsor their candidates for higher education. 
A
 part-time programme will also save you from the hassles of a long 
commute to classes on a daily basis, as you would be attending classes 
only once or twice a week. At the same time, you must be ready to 
sacrifice your weekends for classes lasting morning till evening.
Opportunities coming your way
A
 postgraduate qualification is becoming increasingly important for 
engineers. M.Tech is a long-term investment in your technical career. It
 will secure your position in the organisation and also help you gain a 
higher position. Most government organisations and research bodies ask 
for M.Techs or MEs as they consider these people to be more resourceful 
than the normal B.Techs or BEs. Some public-sector units even call 
M.Tech students for interview directly; M.Techs need not give any 
written test.
If
 you want to come out from the engineering cocoon and multitask, it 
makes sense to widen your knowledge and skills in the management area. 
Having already obtained a technical degree, an MBA will complete your 
skills in the wider areas of management that usually include finance, 
marketing, human resource management, organisational behaviour and 
management strategy. 
Doing
 an MBA is also important because an engineer today is the primary 
manager of change within the organisation who implements new practices 
and technology. 
An
 MBA will make you the perfect candidate for the role of a group leader.
 As a group leader, you will lead a small technical group and work under
 minimal supervision. You will be required to provide guidance, set 
expectations, clarify responsibilities, and provide feedback for project
 team members in accomplishing tasks and goals.
You
 will participate as a key contributor and assign work to meet group 
commitments. You will contribute to the solution of complex technical 
problems, by providing resources, removing barriers and ensuring 
application of common approaches. You will demonstrate depth of 
knowledge of engineering discipline and leverages expertise on projects.
Growing further to the role of an assistant manager, manager and so on, you may eventually reach the top management level!

Hi,Nice Post
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Thanks @Anil Kumar This question is widely asked and is a doubt of almost every student. So the post gives you what you want.
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