During the last few years, worldwide commercial aerospace sector has reportedly witnessed significant growth and the main reason is due to replacement of archaic aircraft with some of the best and modern fuel-efficient ones as well as a rise in terms of passenger travel demand in the regions of Middle East and the Asia Pacific.
This development has fuelled the need for highly trained and qualified managers. In this regard, some abroad universities have launched MBA in aerospace management, which seeks to train managers that seek national as well as international jobs in this field.
An MBA programme in aerospace management is considered as really significant today given the fact that China and India would be account for half of the total projected sales of new commercial planes over the period of next 20 years. Building brand new planes often involves long delays and other factors such as uncertainty, huge capital investments as well as long-term recovery. In this regard, the aerospace industry is in need of highly competent engineers and scientists that are well-trained, including strong managers and leaders who execute a strategic vision. Managers in this field are required to develop some specific competencies. An MBA offers them the skills for becoming more in comfortable in all these roles and enhance their career paths.