Do you want to pursue Masters of Business Administration (MBA)? An MBA is certainly a good choice for you if you wish to pursue a professional course and expand your opportunities for jobs. In today’s world, if you have an mba degree, it will open up endless career opportunities.
This course has become a popular choice among professionals who are seeking a bright career in finance, sales, marketing, human resources, and many other fields. You can have a well-paid job in almost every sector-from finance to logistics. It is a lucrative field for those who wish to work in the corporate world, management and finance. It focuses on developing your leadership skills and managerial skills.
Before we move on to discuss the potential of MBA Courses, or affordable online mba programs, or online mba courses, let us first understand what MBA degree is all about.
What is an MBA?
Master of Business Administration, or MBA, is a graduate business degree that imparts knowledge of management, technical, or managerial skills. By pursuing this course, you will get a holistic view of business in areas like finance, marketing, and accounting. You will learn about soft skills that are vital for businesses and will also be acquainted with leadership skills.
An MBA degree will enhance your overall personality-it will not just give you professional growth but will also help you in growing personally.
Scope in MBA
If we talk about scope in mba, let me tell you, its huge keeping in mind how technology is revolutionising everyone. Over the years, there has been a radical shift in demand for MBA qualified students in diverse sectors. We all know the big MNCs and reputed organizations prefer MBA candidates and treat them as assets because of their good problem-solving abilities and logical thinking.
As the demand is high, the pay for an MBA graduate is also high as compared to others. The skills that you learn during MBA course, will last longer after graduation. It will give you a life changing experience and advance your career.
The scope in mba is vast as you will benefit from MBA course-no matter if you want to start your own venture, or progress with your current organization, or wish to switch industry. In our country, it has gradually become the most sought-after postgraduate degree.
MBA in a particular field is not restricted to a single field and the scope in mba is endless in India. They can work in the retail and corporate sector, banking and financial institutions, media, hospitality industry, education sector, manufacturing sector, management consulting, entrepreneurship, and information technology, and many more.
Best careers in MBA
If you have the right set of skills and knowledge, you can be rest assured about your career in management and business administration. Your career will certainly be flourishing.
Are you still in the dilemma, then we have got your covered. You can explore the career options as per your interest and also get to know about MBA specializations. In this article, we will explore some of the Job Opportunities after MBA in India. We shall cover the topics that will help you in shaping your career, and will land you with lucrative financial rewards.
What are you waiting for? Let’s delve into the core of the article.
When you complete your MBA degree, you can work in the private sector on different profiles. In this, you can study MBA with specializations and then accordingly land yourself with a job in the suitable field. Let us explore the multiple mba degree specializations and also the job profile that will best suit your knowledge and skills.
1. Career Opportunities after MBA in Finance
MBA in Finance comprises of subjects like Business Economics, Financial Accounting and Analysis, Cost and Management Accounting, Business Law, Capital Market and Portfolio Management, Strategic Cost Management, Taxation-Indirect and Direct, Corporate Finance and Marketing of Financial Services.
The students can focus on areas like insurance management, investment management, analyzing financial reports and then reporting, taxes planning, and international finance. You can do various things in an organization after specializing in this- suggest how to maximise the value of stock, forecast the economic trends, analyse the report of company, investment portfolio management, and balance profitability and risk.
In the following sectors you can seek employment post your MBA in finance:
- Asset Management
- Credit Risk Management
- Treasury
- Private Equity
- Trading and Sales
- Corporate Banking
- Hedge Fund Management
You can opt for various job profiles after MBA in Finance like the following:
- Finance Manager
- Cash Manager
- Legal Financial Advisor
- Accounting Manager
- Credit Analyst
- Insurance Manager
Salary Prospects: In India, post your MBA in Finance from top B-schools, you can earn a starting package of Rs. 10-15 Lakhs per annum. If you do from other institutes, your package will start anywhere between Rs.4-6 lakhs per annum. With knowledge and experience, your package will also increase. The professionals at mid-level earn somewhere between Rs.20-30 lakhs and a senior-level professional can earn Rs. 35-50 lakhs and sometimes even above per annum.
2. Career Opportunities after MBA in Marketing
When we talk about MBA in marketing, it focuses on areas like business and marketing. This specialization will help you to accelerate faster in terms of salary and designation as you will get a chance to interact with multiple industries and clients. During this course, the communication and leadership skills that you will acquaint yourself with help you to go to next level in your profession.
The course teaches various aspects like management skills, leadership skills, sales, brand marketing, product branding and marketing, studying consumer behaviour, market research, and many other techniques to market a company or product efficiently.
In the following sectors you can seek employment post your MBA in marketing:
- Business Marketing
- Analytical Marketing
- Online Marketing
- Advertising Management
- Brand and Product Management
- Retailing Management
- Customer Relationship Marketing
You can opt for various job profiles after MBA in Marketing like the following:
- Media Planner
- Asset Planner
- Product Manager
- Brand Manager
- Channel Head
- Media Strategist
- Corporate Sales
- Marketing Manager
- Market Research Analyst
- Business Development Manager
- Public Relations Manager
- Customer Relationship Management Personnel
Salary Prospects: For freshers, the annual salary of marketing management professionals can range anywhere between Rs. 3.5-18 lakhs per annum. The higher end package in this is for graduates from renowned B-schools. Again, the salary will increase with experience and skills and it may give you Rs. 15-40 lakhs per annum.
3. Career Opportunities after MBA in Information Technology
In MBA in Information Technology, the curriculum includes software development, computer programming, software testing, software engineering, and computer security. This is ideal for those who are inclined more towards technology. This course has huge value as majority of business is technology-oriented and in future also almost every organization will be tech-dependent.
It is emerging as a popular choice among students in India and abroad both. It is a unique blend of business management with IT subjects. You will study about e-commerce, computer security and various other aspects of technology in depth. You can combine your modern concepts of project management, information security, and telecommunications with business tactics.
In the following sectors you can seek employment post your MBA in information technology:
- Project Management
- System Management
- Software Development
- Digital Marketing
- Data Processing
- Software Engineering
You can opt for various job profiles after MBA in IT like the following:
- Data Processing Manager
- Digital Leader
- IT Management Consultant
- Business Analyst
- IT Architect
- Data Processing Manager
- Software Project Manager
- Software Development
- Program Manager
- Information Systems Security Manager
- Information Technology Manager
- IT Infrastructure Project Manager
Salary Prospects: For freshers, the annual salary of a professional will be Rs. 5 lakhs per annum. With 1-4 years of experience, a graduate in this specialization can earn from Rs. 5.7-Rs. 9 lakhs per annum. The average salary that an IT manager earns is around 12 lakhs.
4. Career Opportunities after MBA in Human Resource Management
This course will always be in demand as the recruitment process in all organizations keeps on going. Someone is always needed to manage the activities of the employees. The requirement is felt across all domains of industry and is expected to rise further. It stresses on teaching how to maximise the employee’s performance so that the goals of an organization are accomplished.
This course will provide knowledge in areas like Organisational Behaviour, Human Resource Management, Financial Accounting, employee satisfaction study, recruitment and selection, marketing management, managerial economics, training in an organization, talent management, employee engagement, compensation management, accountancy for managers, entrepreneurship, and HR audit.
In the following sectors you can seek employment post your MBA in HR:
- Managing Talent
- Employee Benefits
- Training new staff members
- Handling of Workplace Safety
- Payroll Management
- Policy/Compliance
You can opt for various job profiles after MBA in HR like the following:
- HR Generalist
- Assistant HR Manager
- Employee Relations Manager
- Chief Human Resource Officer
- HR Manager
- Executive HR
- Staffing Manager
- HR Administrator
- Recruiter
- HR Analyst
Salary Prospects: In India, the salary of a fresher will range between 1.5-4.0 lakhs per annum. With 2-5 years of experience, one can earn a package of Rs. 3.5- 7 lakhs per annum. If you are a professional with more than 5 years of experience, then you will earn in a range of Rs. 8-24 lakhs per annum. The higher end is for senior professionals.
5. Career Opportunities after MBA in Operations Management
If you are planning to pursue MBA in operations management, it will be one of the best decisions in terms of specialization. It enhances your critical thinking skills and you will be able to analyse and solve complex problems effectively. It impacts your leadership skills significantly so that you can smoothly manage a team and manage resources effectively.
The curriculum includes supply chain management, operations strategy, production management, accounting for managers, resource planning, project management, logistics, distribution management, industrial marketing, demand and business forecasting, and international business.
In the following sectors you can seek employment post your MBA in Operations Management:
- Retail
- Hospitality
- Manufacturing
- Logistics
- Construction
- IT
- Financial Institutions
- Transportation
You can opt for various job profiles after MBA in Operations Management like the following:
- Purchasing Manager
- Inventory Control Manager
- Project Manager
- Logistics Manager
- Supply Chain Manager
- Warehouse Operations Manager
- Inventory Coordinator
- Operations Consultant
- Marketing Operational Manager
Salary Prospects: In India, the starting salary on an average of a fresher will range between 4-7.5 lakhs per annum. Graduates from good B-schools will make around Rs. 6-10 lakhs per annum. The mid-level professional will earn around Rs. 15-20 lakhs whereas a senior level professional will earn between Rs. 28-40 lakhs.
6. Career Opportunities after MBA in International Business
This is specifically for someone who wants to learn how to run a global business. If your goal is to be a part of an MNC and learn about trade, policies, import regulations, laws, and international business, then this course is a fit for you. The aspects that you study in this course are accounting and finance, statistics and their use in business decision making, consumer behaviour, economics, problem-solving and many other things related to management.
In India, this course is gaining popularity. These days the companies that wants to expands its operations in foreign soil, need a candidate who can cope with international situations and are aware of the theories and concepts that can help the company get started.
In the following sectors you can seek employment post your MBA in International Business:
- Global Business Management
- Foreign Exchange Trading
- Compliance Management
- International Logistics Management
- International Marketing
- Export-Import Management
- Hospitality Sector
- International Chain of Restaurants
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You can opt for various job profiles after MBA in International Business like the following:
- Logistics Manager
- Foreign Exchange Trader
- Compliance Manager
- Global Business Manager
- International Marketing Manager
- Supply Chain Manager
- Export Coordinator
- International Business Consultant
- Trade Specialist
- Investment Banker
Salary Prospects: The salary of a logistics manager can range anywhere between Rs. 2.7-8.2 lakhs per annum. The average compensation of a foreign exchange trader in India can be around Rs. 7 lakhs per annum whereas the annual salary of a compliance manager here could be Rs. 10 lakhs.
Factors to be considered before you take up a job post completion of your mba degree
One needs to understand the factors that needs to be taken into consideration before taking up a job:
1. Job Profile
There are many jobs offers that will come your way and finding the right one will be time consuming. So, we suggest the job hunters that you need to be patient while searching. Having the right profile will help you in career progression.
2. Organization
It is good to see the future plans of an organization, success, failures, scope for career development, and goodwill of the company.
3. Working Hours
You need to sign up for a job that can give you ample personal space so that you can maintain work-life balance. Ensure the company always does not let you work for extra hours.
4. Job Location
The location can have diverse effects on the job. You need to first analyse the cost of living, transport cost, accessibility to essential services, etc to ensure a sound and healthy personal environment while working.
5. Salaries and other benefits
One of the most crucial factors is your compensation. You need to be properly compensated for your experience and skills. If the role will be incentive pay based then it’s an added bonus.
Life after MBA in India
Pursuing an MBA in a demanding and high-growth field will boost your career and on your way to success, you will also acquire plethora of technical and soft skills. Post completion of your course, you shall be able to get tons of options when you hunt for jobs near me.
You get to work in reputed companies with a higher payscale. If you wish to work in metropolitan cities, you will many options in Delhi, Gurugram, Bangalore, Pune, Mumbai, and Chennai.
Online MBA Courses
Earlier there used to be just full-time MBA courses but now there are affordable online mba programs that will allow you to learn while you earn. In India, the online mba courses are recognized by the UGC (University Grants Commission). So, it is pretty much valid. You can decide as per your convenience.
As a student you can learn at your pace with mentorship sessions from the industry experts and also get support from career coaches and student advisors. One can get access to quality content-videos, hands-on projects, and articles.
Some of the best online mba colleges in India that you can check out are Amity Online University, Manipal Online University, Chandigarh University, Lovely Professional University Online, Hindustan University, Manav Rachna centre for Distance and Online Education, and Indira Gandhi National Open University.
Conclusion
Hope this article will assist you in selecting the right course that will align with your choice of career. You have got an idea about specialization and salary in specific fields after MBA degree. You can select the field based on your interest, bachelor’s degree and choice.
It is a globally acclaimed career that promises you the best and most respectable jobs in senior positions at big organizations. In fact, you can start your own venture with the strategies and skills that you learnt during the course.
If you are looking for expert guidance in pursuing your MBA, Top Career Study is here to assist you. For free admission counseling and valuable insights, feel free to contact us at 8383895094.You can also explore our offerings on our website, www.topcareerstudy.com.
