MBA students want the salary and job opportunities after MBA right after completion of an MBA program. This is because of MBA being a professional course and providing with a plethora of job opportunities after MBA. Hence, the scope of MBA in India is vast. It is the go-to degree for every student after finishing their undergraduate course.
MBA can be done after doing your bachelor’s in any subject and that is the best part about it. It makes the very difficult step of changing your stream smoother.
Most companies nowadays are looking for MBA graduates to hire. This is because these students are critical thinkers and are adept with analytical skills, communication skills, entrepreneurial abilities as well as innovative ideas. To summarize it, MBA graduates are phenomenal, as the course is created to train the students in excelling in all parameters of a business model.
And hence, there is a huge scope of MBA in India.
The MBA salary in India is directly related to the amount of experience an individual has. A fresher who is from a top B-school is definitely going to score a greater package than a student from a tier-2 or tier-3 college, but if an individual is competent enough, no one can stop him from reaching the same pay grade/ job.
Companies want multi-skilled talents that have niche domains skills as well as leadership and management skills, therefore, the demand for graduates is rising more and more, giving rise to numerous job opportunities after MBA.
Marketing managers oversee all marketing campaigns for their company or department. They are basically the ones who create marketing strategies for their business or a product to push their company forward.
Their responsibilities are as follows:
– creating promotional information to drive business
– coordinating multiple channels of marketing strategies
– managing budgets for marketing campaigns
– testing new marketing opportunities
– building relationships with media outlets
– directing social media strategies
– evaluating performances of marketing campaigns
– troubleshooting marketing campaigns that are not performing well
A freshly graduated marketing manager earns around Rs 4,21,000 per year and after 8 years of work experience, this salary can be bumped up to Rs 5,17,000 per year.
An experienced marketing manager with more than 15 years of experience earns nothing less than Rs 9,85,000 per year.
Investment banking probably pays the highest salary amongst all MBA jobs. Persons who wish to become Investment bankers should opt for subjects that have to do with finance during their masters. It is a very demanding job but if you’re passionate enough, it comes with a great pay-check.
Essentially, investment bankers are corporate financial advisers. Investment bankers help their clients raise money in the capital markets, provide various financial advisory services, and assist with mergers and acquisition activity (equity financing and issuing bonds).
A freshly graduated Investment banker earns around Rs 6,80,000 per year and after 8 years of work experience, this salary can be bumped up to Rs 1,500,000 per year.
An experienced Investment banker with more than 15 years of experience earns nothing less than Rs 3,000,000 per year.
Consultants offer advice and expertise to organizations to help them improve their business performance in terms of operations, profitability, and strategy. This profession comes with plenty of networking possibilities as it is a sociable one. They are the ones who pitch to the clients, analyze numbers, and forecast trends.
A freshly graduated consultant earns around Rs 4,37,000 per year and after 8 years of work experience, this salary can be bumped up to Rs 1,050,000 per year.
An experienced consultant with more than 15 years of experience earns nothing less than Rs 1360,000 per year.
A business development manager is the one who diversifies and develops the business model of a company. They should have the skills to plan the best strategies and financial outcomes for the organization.
Their objectives are as follows:
A freshly graduated Business development manager earns around Rs 3,40,000 per year and after 8 years of work experience, this salary can be bumped up to Rs 700,000 per year.
An experienced business development manager with more than 15 years of experience earns nothing less than Rs 988,000 per year.
A project manager is a person in charge of an entire project. He heads all the persons that form the team for that particular project. The project manager needs to decide the plan of action, project the finances involved, execute it, and ensure that it is a success in the end.
Project Managers should possess the below skills to perform well in the role:
A freshly graduated project manager earns around Rs 1,60,000 per year and after 8 years of work experience, this salary can be bumped up to Rs 8,500,000 per year.
An experienced project manager with more than 15 years of experience earns nothing less than Rs 1300,000 per year.
An MBA graduate is the most preferred employee for the jobs above and therefore career opportunities after MBA are manifolds in India.
Finance management is a major requirement for every company because it enables proper management of assets. They plan and control all the financial resources of the company. This degree will help skill you in banking, money management, financial advisory, and so on.
The job opportunities after MBA in Finance are:
Companies such as Goldman Sachs, Morgan Stanley, Merrill Lynch, JP Morgan, TCS, HDFC Bank are keen to hire finance management professionals. Also, an MBA in Finance coupled with chartered accountancy (CA) degree can enable you to start and run your own business!
The average salary of an MBA in Finance in India is Rs. 6,78,000 per annum. It increases with experience.
An MBA in HRM equips you with the skill to manage human resources. HRM means to maximize an employee’s performance to meet the company’s objectives. It involves work on policies and systems, recruitment, training, development, performance appraisal, managing payments, and benefits as well as employer and employee relations.
The job opportunities after MBA in HR management are:
The average salary of an MBA in Human Resource Management in India is Rs. 756,000 and of a Senior HR Manager is close to Rs. 1,000,000 per annum.
Marketing revolves around understanding consumer demands and in turn creating a supply of services or products based on these demands. These serviced offered should be profitable for the company. MBA in Marketing will broadly teach you about, sales, marketing fields, market strategies, market research, and consumer trends, etc.
The job opportunities after MBA in Marketing include:
Some of the prime recruiters are of this field are Sony, Ranbaxy, Spencer’s Retail, KPMG, Tata Consultancy Services, Cognizant Technology, and many others.
The average salary of a graduate of MBA in Marketing in India is Rs. 752,000.
The Operations Manager is responsible for the management of labor, productivity, quality control as well as the safety measures established and set for the company.
The job opportunities after MBA in Operations Management include:
Some of the prime recruiters are of this field are Damco, Blue Dart, First Flight, and ONGC.
The average salary of an Operations Manager in India is Rs. 802,000 per annum.
It develops the capability of individuals in the global economy. Managers are equipped with the knowledge of export and import, methods of approaching customers in foreign countries, currency conversation & fluctuation, raising capital from the international market and distribution market.
The job opportunities after MBA in IB are:
The top recruiters of the MBA in IB are McKinsey & Company, Deloitte Consulting LLP, Lehman Brothers, JP Morgan Chase & Co, Goldman Sachs & Co, Citi, Accenture, Johnson & Johnson, etc.
The average salary of an MBA in International Business in India is Rs. 788,000 per annum.
Business Analysts conduct market analyses, analyzing both product lines, and the overall profitability of the business. A Business Analyst job description typically includes:
The average salary of an MBA in Business Analytics in India is Rs. 7,40,000 and of a Senior Analyst is close to Rs. 40,00 ,000 per annum.
An IT Manager is the person who manages the Information Technology resources of the company. These resources comprise of computer hardware, software, networks, data, and data center facilities.
The job opportunities after MBA in IT Management include:
The top recruiters of the MBA in IT Management are Google, Facebook, Qualcomm, Adobe, Apple, etc.
The average salary of an MBA in IT Management in India is Rs. 1,282,416 per annum.
So, what are the job opportunities after MBA in India? They are listed above and are humungous.
You must have learned by now that the scope after MBA in India is huge. There are truckloads of career opportunities and the salary rises with every year of experience. MBA is one of the highest-paying areas of studies not only in India but worldwide.