Masters in Business Administration (MBA) nowadays is the highest in-demand post-graduate course and one needs to understand where they can take their career after MBA. Every other graduate, no matter the stream now opts for an MBA for their post-graduation. This fact is the sole reason that the career options after an MBA have grown ten folds. Every other high-end MNCs now instantly hire MBA graduates and offer them heavy and attractive packages with high perks. An MBA is a great option for thriving business and career opportunities and a sustainable future. Unlike other courses, a career in MBA is not at all restrictive and opens up a plethora of options to choose from. Since the MBA is a professional course in the business domain and brings with it various job openings, it’s better to weigh in all the pros and cons of the respective field before reaching the final decision. Let’s first understand the benefits of pursuing a Masters in Business Administration.
• Students pursuing MBA become liable with skills that would be 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 also 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 on to your brand value and makes you stand out before the hiring manager.
From Marketing, Finance to Operations, all the sectors are covered in this course. With numerous options to choose from, it’s better to thoroughly understand each and every aspect of the job. Students are always stuck in the constant dilemma to choose the right field; hence, in this article, we will try and explore every factor related to career opportunities after MBA and their respective scope for your future.
The three main fields that we will be discussing in this article are-
Top-level B-School in India for MBA
Following is a list of high-end colleges in India that offers a great learning environment and good placement opportunities to its students. If you are an Indian resident, then 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 behavior 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 core topics like accounting, corporate management, advertising, product quality assurance, consumer behavior, 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 financial assets of the firm. This degree also provides specialization in investment management, international finance policies, taxation, insurance, wealth management, accounting, asset finance, retail banking, etc. Corporate finance is about ensuring that there are 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 in order to maximize the stock value, manage funds by choosing investment portfolios, and make sound financial risk management decisions. You need a strong hold over mathematics and accounting to pursue this course.
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 MBA in Finance is up to INR 12 lakhs per annum. If you graduate from 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, Citibank among others.
Operation Management is the most valued specialization in e-commerce, IT, and telecom industries. Students taking up this course will deal with not just the quality assurance but also the quantity check of products in the manufacturing unit. This degree allows you to work majorly in the manufacturing unit along with inventory planning, product assurance, sales, logistics management, product management. An Operational Manager is also in charge of delivery, fulfillment, and returns of the order placed. This job might entail you to deal with various researchers, engineers, 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 as well as the demand for the product is the work of an Operational Manager. A graduate with this degree has a plethora of options to choose from, all of which are high in demand with enticing job profiles.
The average income of a post-graduate student with an MBA in Operations is INR 3-15 lakhs per annum. Top recruiters include worldwide famous firms like Amazon, Deloitte, TVS, Flipkart, Blue Dart, Wipro, E-Bay, Shell, among others.
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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 not only progressive but also brings with it many perks. MBA is considered a globally renowned and highly reputable career. With being in high demand, there is also high competition in this field. Not only does MBA increase your brand value before hiring managers but also sets in motion an enriching, advanced, and stable future. However, your salary also depends on the college you graduate from.
Before choosing a particular sector to specialize in, be it Management, Finance, or Operations, it’s better to list down all the pros and cons and consider all the factors. A career in MBA does sound fascinating but brings along with it lots of hardships and tough competition. You can work in executive and leadership positions, management, consultancies, sales, taxation, human resources, public relations, operations, communications, statistics, warehousing, trading, logistics, and more such related fields. Owning a degree in MBA definitely enhances your career and provides you with high earning job opportunities. The salary packages offered by companies to MBA graduates are fairly high and keep on increasing over the years depending on the work experience and expertise. Therefore, to make sure you end up with your dream job, it’s preferable to recognize which MBA specialization (Finance, Management, or Operations) you are the most suitable for.