MS Mechanical Engineer and MA in Applied Economics

MS Mechanical Engineer and MA in Applied Economics?
i am wondering if i am heading the right direction, right now i am planning to get an applied economics degree focus more in forecasting and econometric models, than an mba, i find there are way too many mba's out there, would a degree in econ make me stand out in the engineering field?
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Probably not, but if you like economics, by all means get the MS in economics. The MBA degree was originally created because people were promoted to managerial positions, and often they did not know how to manage, although they were good engineers, or scientists, or factory workers. Companies needed managers who could understand what the workers were saying, and managers without the factory floor experience often did not understand the people they supervised. Business schools responded by creating the MBA degree. It is a general degree designed to train student to enter any area of management up to CEO. MBA programs accept students with any undergraduate degree. 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. Before you decide on an MBA program explore the Internet for information on available programs. There is a lot of information available. Some sites are limited to specific countries, such as Germany, UK, or Australia. There is a comprehensive free public service with more than 2,000 MBA programs listed worldwide. The nice thing is that it allows you to find the program that best fits you. It allows you to search for programs by location (US, Europe, Far East, etc.), by concentration (finance, marketing, aviation management, health management, accounting, etc.), by type of program (full-time, distance learning, part-time, executive, and accelerated), and by listing your own criteria and preferences to get a list of universities that satisfy your needs. Schools report their accreditation status, tuition cost, number of students, class sizes, program length, and a lot of other data. Schools provide data on entrance requirements, program costs, program characteristics, joint degrees, and much more. You can use it to contact schools of your choice, examine their data, visit their web site, and send them pre applications. You can see lists of top 40 schools ranked by starting salaries of graduates, GMAT scores, and other criteria. some of the other sites are less comprehensive, but all are useful.