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My MBA has been very enlightening -- I've had the opportunity to learn about all facets of the business, including Systems management, so I'd say that an MBA is better. You can choose Systems/Engineering Management electives, while also becoming a more effective leader otherwise.
Better is where your heart takes you.
engineering management about me
The second step is depend on your career path.
you can use what outside the world needs currently.
Choose a target what you want to be, then select the path. Its not you just spend years, and finally you have multiple knowledge but no expertise.
The market is welcoming 'experts' only.