Top 10 Business Ideas for Engineering Students

Top 10 Business Ideas for Engineering Students

Most of the students after completing their schooling are interested to pursue a course which can give them enough scope to make a bright career ahead. Out of many courses available, engineering has always been the top priority of the students.

One can find many engineering colleges in India among which one can select according to their choice and preference.

After successful completion of the course, students are free to pursue the job of their choice in any of the organisations. However, today more and more students are keen to start their own business, which is far more interesting and engaging than a job.

Some of the popular streams of engineering are:

  • Electrical Engineering
  • Chemical Engineering
  • Computer Science Engineering
  • Aeronautical Engineering
  • Agriculture Engineering
  • Petroleum Engineering
  • Civil Engineering

One can pursue any of the engineering disciplines among these and make a lucrative career ahead.

The various benefits of starting your own business have been summarized below-

  • Be Your Own Boss

When you are the owner of a business, you are the boss and no one can instruct you and all the decisions have to be taken by you.

  • Highly Lucrative

Everyone wants to be an entrepreneur, this allows one to generate enough profit and draw a salary of their choice which is otherwise difficult in case of a job.

  • Contribute to the Nation

Engineering students when start their own business contribute to the welfare of the nation by not only generating jobs but also adding to national income.

There are numerous business ideas available which are present. These have been discussed below-

  • Manufacturing of Solar Panels

With an increase in awareness among the people for the environment, more and more people are switching to an alternate source of energy. Solar energy is the future of the world and doing business in the same holds immense scope.

  • Automobile Parts

If you have done mechanical engineering, it is easy to start an automobile spare parts business which is quite lucrative

  • Food Industry

If you have done agriculture engineering, then there are high chances that you have the right knowledge and skills to deal with food industry and create a business out of it.

  • Real Estate Business

We all know there is no business like real estate, the amount of money involved here is huge. Well, if you happen to be a student of Civil Engineering, starting your own developers and builders is a nice option.

  • Pharmaceuticals

Manufacturing and distribution of medicines is quite lucrative and popular and students of Chemical Engineering and Bio-Medical Engineering can do the same.

  • Supply Chain Management

It is yet another lucrative business that is quite popular and high in demand.

  • Consulting

Technical consulting is the most important business idea that is quite popular nowadays. You can provide technical capabilities, and solve technical issues as well.

  • Innovative Products Development

There are various kinds of products available in the market that require innovation and redevelopment which can be easily done by the team of engineers.

  • Teaching and Training

Teaching and training of the engineering students are also high in demand and is being pursued by engineering.

  • Machine Designing

There is always a lot of research and innovation going on in the field of machine designing. Students of Mechanical engineering can easily start this business and bring out innovative and technically advanced machines for benefit of all.

  • Health care

Now-a-days healthcare industry uses computers in a much more significant way, and lab scientists are no longer required to analyze the data collected by computers in a research lab. Programming jobs in the medical field fall into two categories: research and software engineering. The work performed by computer science researchers varies depending on where they work. Researchers working in hospitals and universities are usually the ones working on cutting-edge technology that will be published in scientific journals and used by anyone who needs it.

  • Big data Analytics

Big data analytics can help organizations to better understand the information contained within the data and will also help identify the data that is most important to the business and future business decisions. The major goal of this program is to impart knowledge on techniques and theories related to Big Data which includes statistics, data mining, data warehousing and data visualization. This course will be useful to students to develop and deploy their skills to achieve a thorough knowledge in Data Science.

  • Cyber security 

Cyber security students become well-versed in programming, malware and intruder detection, risk analysis and mitigation, and incident response. They take courses in the areas of infrastructure protection, cyber threats, critical thinking, and symbolic logic. Graduates with a bachelor’s in cyber security often pursue careers such as an intelligence analyst, cyber security manager, and counter terrorism analyst.

  • Robotics

Robotics is an interdisciplinary branch of computer science and engineering. Robotics involves design, construction, operation, and use of robots. The goal of robotics is to design machines that can help and assist humans. Robotics develops machines that can substitute for humans and replicate human actions. Robots can take any form, but some are made to resemble humans in appearance. This is claimed to help in the acceptance of robots in certain replicative behaviors which are usually performed by people. Such robots attempt to replicate walking, lifting, speech, cognition, or any other human activity. Many of today’s robots are inspired by nature, contributing to the field of bio-inspired robotics.

It is high time to be an entrepreneur and bring out the best. Engineers are the future and contribute to nation-building. With the increasing use of machines and gadgets, the demand for engineers is constantly increasing in India and abroad.