MBA is a globally renowned and acclaimed degree; hence you need to find out which MBA specialization best fits you to get your dream job. You also need to understand the career choices after MBA to achieve your career goal. So,
What are the career options post MBA courses?
Let me tell you that there are many options you can opt for as higher studies after MBA to add value to your qualification and provide growth opportunities for yourself. You can also opt for jobs after MBA courses in India. I will give you a brief idea about all the possible questions related to career choices after MBA in finance, marketing, human resources, operations, or logistics, which you may have in your mind.
• Students pursuing MBA become liable with skills required to start a new business venture/ startup or become an entrepreneur.
• It hones your expertise in a particular sector like management, human resources, finances, accounting, etc.
• Provides you with an opportunity to explore the market well and opens up various foreign job opportunities with great benefits and salaries.
• MB ensures a progressive career as well as increases your brand value.
• Even if you are from a science or arts background, you can still pursue an MBA in your post-graduation.
• A plethora of fields to choose from.
• Adds to your brand value and makes you stand out before the hiring manager.
Financial Management is a popular globally recognized MBA specialization that allows students to work anywhere globally with tremendous growth prospects in Retail Banking, Financial Services, Insurance sector, etc. It focuses mainly on planning, managing, and regulating the financial resources/assets of any industry/individual.
Are there any courses after MBA Finance?
There are some short term courses after MBA Finance, which you can opt for, like Chartered Financial Analyst (CFA), Financial Risk Manager (FRM), Certified Public Accountant (CPA), Association of Chartered Certified Accountants (ACCA), Certified Management Accountant (CMA), etc. These courses create opportunities in the various MNCs established in India and corporations globally, for you, whereas a CA cannot work.
Choosing any one of these would be a smart career choice after MBA.
What are the types of MBA Finance jobs available?
Here are some of the examples of MBA Finance jobs:
• Finance Advisor/Manager: Your main work will be advising your clients to manage their wealth, like where to invest money to get a maximum return which will help them achieve their long term goals in achieving financial freedom.
• Banking: You need to analyze the financial market of the world and give financial advice to corporate, government, and other organizations on how to raise funds, mergers, acquisitions, etc.
• Business Analyst: You need to analyze various trends and requirements of a business/start-up and convey the solutions/suggestions cost-effectively to the owners, stakeholders, etc. You will be dealing with Corporate Finance, i.e. balancing risk, profitability, taking steps to maximize stock value, managing funds by choosing investment portfolios, etc.
Let’s find out the difference between MBA in Finance and CFA.
Marketing Management is mainly about traditional marketing, i.e., selling your ideas and thoughts. Your key goal will be branding, sales, distribution channels & techniques, market research, consumer behaviour, etc.
With the world becoming digitally active, Digital Marketing is reaching new heights now and then. Digital marketing is not taught in depth in the MBA. So if you want to do certification courses after MBA Marketing, then Digital Marketing is the best option. The opportunity in Digital Marketing will be unlimited soon.
But if you believe in traditional marketing, you can opt for some courses after MBA Marketing like- Sales Management, Merchandising, etc., to gain better knowledge and give it a good start.
Here are some of the job roles that you might opt for as a career choice after an MBA in Marketing:
• Marketing Manager- Marketing Managers are the ones who create an image of the company in front of the consumers. A marketing manager plans a marketing strategy and how to retain old customers.
• Brand Manager- A brand manager is responsible for the promotion and placement of a company’s brands and data collection of rival brands.
• Sales Manager- A sales manager is responsible for generating revenue for the firm by selling, distribution, after-sales service, etc. You also need to retain the existing customers as well.
• Product Manager- A product manager is responsible for launching new products and maintaining the company’s existing product line. You will also be accountable for the profitability and market growth of the existing products.
• Market Research Analyst- A market research analyst is responsible for data collection, data analytics, conveying the data to the development team. So that a proper marketing strategy can be evolved.
• Advertisement Manager- An Advertisement manager/ media planner is responsible for advertising the products through different advertising channels like- TV, radio, newspaper, magazine, etc. and also to help the marketing team in meeting the targets.
• Digital Marketing Manager- Digital Marketers are responsible for web/online marketing avenues such as social media marketing, search engine marketing, email marketing, search engine optimization, content marketing, etc.
Human Resources (HR) management is the study of handling the human resource, the main thing a firm runs with and runs for. You need to go beyond the general knowledge and dive deeper to deal with Human Resources both inside and outside the firm.
Some post MBA courses in HR like SHRM, HRCI, etc., allow you to build capabilities as you go long. These are international certifications, so with these, you get global recognition.
HR Manager needs to focus on different sectors. They are:
• Training and Development- Maximizing the employees’ performance to accomplish the organization’s goals.
• Recruitment- talent acquisition, talent retention, onboarding formalities, etc. i.e. acquiring the right skills for the company.
• Performance Appraisal- Evaluating the employees’ work, understanding the need for improvement, promotion, etc.
Operations Management (OM) keeps refining and updating as practices and processes evolve, requiring the highest level of efficiency. The growth is limited for you in Operation Management, so you opt for MBA courses in India like Six Sigma and Lean methodologies.
Types of jobs after MBA in Operations:
• Operations Manager: Operations managers handle the production/ manufacturing process daily and increase production efficiency. You will need to maintain product quality by optimum utilization of the available resources and time. You can join any sections like- Purchase management, Inventory management, vendor management, supply chain, logistics, and most importantly, production management.
• IT Manager: These days’ productions and operations heavily on technology. So as an IT manager, you will be responsible for the maintenance and functioning of the IT infrastructure through Enterprise Resource Planning (ERP).
Logistics and Supply Chain Management is the management of goods and administration of origin and supply. It is one of the largest growing sectors. Once you take such a specialization, you can choose profiles based on your firm understanding, such as Business Analytics, Data Engineering, etc. Take up a course for higher studies after an MBA, which will help you learn tools like Hadoop, Scala, Spark, etc. It will make you eligible for exciting profiles like Data Scientist, Data Engineer, etc.
Top-level B-School in India for MBA
The following is a list of high-end colleges in India that offer a great learning environment and good placement opportunities. If you are an Indian resident, you can easily apply for admission at these colleges through the Common Admission Test (CAT). The higher your score, the better college you get in.
• IIM Ahemdabad
• IIM Bangalore
• IIM Calcutta
• XLRI Xavier School of Management, Jamshedpur
• Indian School of Business, Hyderabad
• SPJIMR, Mumbai
• IIM Indore
• IIM Lucknow
• Faculty of Management Studies(FMS), Delhi
• IIFT Delhi
Students pursuing a career after MBA in the Marketing field have a great future ahead. An MBA in Marketing explores all of the marketing aspects of a business. From managing, sales, executive and leadership business development skills, brand marketing, increasing the audience, product management, promotions, customer behaviour to market research, all of these sectors are covered under this field. This degree will easily make you the most suitable candidate for executive and leadership positions. The course focuses on accounting, corporate management, advertising, product quality assurance, consumer behaviour, human resources, etc.
Suitable jobs opportunities:
You can be eligible for the following listed jobs after MBA in marketing:
• Analytical Marketing
• Business Development
• Senior Research Consultant
• Quality Assurance Head
• Online Marketing
• Social Media Management
• Communications Director
• Logistics Head
• Brand Manager
• Media Planner
• Public Relations Manager
• Market Search Analyst
• Retailing Management
• Customer Relationship Marketing
• Advertising and Promotions Marketing
• Product and Brand Management
Almost every other high end or up and coming brand is on the lookout for professionals that can help them increase their user engagement and promote their firm. With the onset of modern technology, more and more avenues are coming up in the marketing sector with creative areas and unique job profiles.
Marketing Managers are paid a hefty sum of money. According to PayScale, a person holding an MBA degree in marketing earns about INR 3 lakh- 20lakh per annum, depending on the position, company, and work experience. Major recruiting agencies are Amazon, HDFC Bank, Kotak Mahindra Bank, Oracle, IBM, SAP, Google, Microsoft, TATA Consultancy Services, Vodafone, etc.
An MBA in finance opens up profitable and lucrative career aspects. It is deemed as the most profitable and stable career option. This course focuses on the financial aspects of a business like managing, planning, organizing, and regulating the firm’s financial assets. This degree also specialization in investment management, international finance policies, taxation, insurance, wealth management, accounting, asset finance, retail banking, etc. Corporate finance is about ensuring enough savings available for a firm’s business expenditure and investments. Finance professionals study and analyze economic trends, balance risk and profitability, analyze company reports and suggest improvements, take necessary steps to maximize the stock value, manage funds by choosing investment portfolios, and make sound financial risk management decisions. It would be best to pursue this course with a stronghold on mathematics and accounting.
Suitable job opportunities:
You can be eligible for the following listed jobs after MBA in finance:
• Financial Advisor
• Investment Manager
• Hedge Fund Management
• Financial Analyst
• Insurance Manager
• Investment Banking Associates
• Stock Broker
• Cash Manager
• Sales and Trade
• Asset Management
• Private Equity
• Insurance and Risk Managers
• Corporate Banking
• Corporate Finance
A professional course in the field of Finance opens up a range of jobs from banking, investment, accounting, insurance, corporate finance, and taxation prospects. A career after MBA in Finance is becoming more and more desirable among B School students.
According to PayScale, the average salary of a person looking for a job after an MBA in Finance is up to INR 12 lakhs per annum. If you graduate from the top B-School, you can earn up to INR 30 lakhs per annum. With promotions and increasing work experience, you are bound to earn up to INR 50 lakhs per annum in this sector. Top recruiters are Goldman Sachs, Morgan Stanley, Deutsche Bank, Deloitte, Ernst and Young, KPMG, PwC, Barclays, McKinsey, and Citibank.
Operation Management is the most valued specialization in e-commerce, IT, and telecom industries. Students taking up this course will deal with the quality assurance and the quantity check of products in the manufacturing unit. This degree allows you to work majorly in the manufacturing unit, inventory planning, product assurance, sales, logistics management, and product management. An Operational Manager is also in charge of delivery, fulfilment, and returns of the order placed. This job might entail dealing with various researchers, engineers, and marketing professionals to understand the market and the targeted audience better. You must be highly efficient and organizational in your approach to pursue this job with ease.
Suitable job opportunities:
You can be eligible for the following listed jobs after MBA in Operations:
• Operational Manager
• Inventory Management
• Deputy Manager
• Manufacturing Consultant
• Products Analyst
• Logistics Head
• Plant Manager
• Warehouse Head
• Supply Chain Manager
• Inventory Control Manager
Graduates in MBA in Operations Manager study quality management, product management, services, among other topics. Strategizing with proper market research and surveys and coming up with unique ideas that will enhance the quality and demand for the product is the work of an Operational Manager. A graduate with this degree has many options to choose from, all of which are high in demand with enticing job profiles.
A post-graduate student with an MBA in Operations is INR 3-15 lakhs per annum. Top recruiters include famous worldwide firms like Amazon, Deloitte, TVS, Flipkart, Blue Dart, Wipro, E-Bay, and Shell.
Chegg is an education-based company the main aim is to help students build their careers. It is one of the best options of online earning websites for students and professionals who have expertise in subjects like Accounts, Psychology, Computer Science, and many more.
Masters in Business Administration offers various areas of specialization like Management, Finances, Operations, Hotel Management, Public Relations, Human Resources, Information, and Technology. A career in MBA is progressive and brings with it many perks. MBA is considered a globally renowned and highly reputable career. There is also high competition in this field with being in high demand. Not only does MBA increase your brand value before hiring managers, but it also sets in motion an enriching, advanced, and stable future. However, your salary also depends on the college you graduate from.
There is two more career option after MBA courses:
You can become a professional teacher for MBA students in any subject you have done your specialization, which is also one of the career choices after MBA courses. You need to appear for NET (National Eligibility Test) or SET (State Eligibility Test) to become a lecturer/professor at Colleges and Universities. The UGC organizes NET, and the State Government organizes SET. You can join either as a full-time professor or an assistant professor.
• Business/ Start-up
You can always start your own agency/ company providing solutions with your domain or any other business you like/look up to. Starting a business requires a good team, plan, capital, etc. As an MBA student, you can manage very well. For making a business successful, you need to know almost everything like Marketing, HR skills, technical skills, etc. You need to have leadership skills. So pursuing an MBA has given you an extra edge on all the things required to start a business. But always remember that doing a business/ start-up is the most difficult option with great risk. You might or not succeed. But if you succeed, you will reach heights that you can’t reach by any of the above options.
Well, here are some of the ways:
Freelancing means that you become self-employed and work for other firms/ individuals on a contract basis. You can do some freelance work sitting back at home, like giving consultancy support with your expertise in that domain. You can earn a handsome amount of money by doing only freelancing. You will also gain experience with the work by doing freelancing. You never know if your work is good, it will help you create more work for yourself, which in return may help you earn your living.
You can become a Youtuber by posting self-made videos on different aspects of an MBA and your specialization on Youtube. You can spread your knowledge to millions of students through Youtube for free. The main twist is that Youtube will pay you to drive a certain number of viewers/views for your channel. There is a huge scope in this because there is a huge demand for MBA tutorial videos online. You may also try for some other platforms similar to YouTube.
You can sit back home and become a private tutor for MBA (Marketing/ Hr/ Finance/ Operations/ Supply and Logistics Etc.) both Offline and Online if you are interested in teaching. Chegg India offers an online tutoring platform for you to teach and earn online without any investment. You can also join Chegg India as a Subject Matter Expert to answer academic questions asked by students on their Question & answer board called Chegg Study. You get paid for each question you answer but monthly. You may opt for subjects like operations management, finance, etc. Apart from these you may also avail of the other subjects, refer to the sign-up button below. You need to give tests (maximum two attempts) on the subject you choose and pass with 60% marks with guidelines test and Document verification after that to enrol as a subject matter expert. Joining Chegg is one of the best career choices after an MBA if you are interested in teaching.
• Part-time Jobs
You can join in as an administrator or some other role in the back office for new companies/start-ups that cannot afford to employ full-time MBA aspirants. Working as an MBA, you will need to do everything like administration, team leadership, presentation skills, communication skills, sales, etc. You will get the experience of office work through part-time jobs.
• Blogger/ Content Writer
You can become a part-time blogger with your website to write, post videos, etc., on an MBA or some other topic. You need to write very good content with real data related to your chosen topic. You can also answer the questions of the students through your web page. Becoming a blogger/ content writer helps you gather traffic which is a very good way of earning money. You don’t need to be a Digital Marketing expert from the start; you can always learn it through your website and also become a digital marketer. A lot of digital marketers have seen success in this process. The main motto is gathering customers by influencing the customers through your ideas in the blog/content.
To sum it all, though the MBA itself is a vast area of opportunities, still, after MBA courses, you need to pursue certifications and courses to gain an extra edge in your career.
So, now you have a fair idea about courses and career choices after MBA, you have to achieve your career goals. I answered some of the basic questions in this article relating to- what after MBA?
Many companies and organizations in today’s life are looking for specialized, innovative, and expert MBA aspirants to get a better outcome in the specified field. I have discussed what these MBA specializations teach, and the career opportunities each of them offer, so go through the information I mentioned above and take the right decision so that you can become the future manager of any company. Everything has its pros and cons, but still, you have to make a choice, and it should be your own decision so that later you don’t regret/ blame someone else.
Last but not least, good luck with your career.