A multifunctional electronic gear shift lever for simultaneous manipulation includes a cylindrical lever rotatably inserted into a support which is disposed in a center fascia surface or a console surface of a vehicle and having an entrance opening that penetrates the cylindrical lever in a longitudinal direction. A start button is disposed at a lower side of the entrance opening, connected with a controller via a spring, and moving in a vertical direction. A display is disposed on the center fascia surface or the console surface, and displays a gear shift stage of the vehicle and a state of the vehicle. The gear shift stage is changeable by rotating the cylindrical lever while simultaneously starting an engine of the vehicle by operating the start button.