The Master of Business Management (MBA) program is an expertise that concentrates on various aspects of business management and administration. An MBA can boost your brand value in the eyes of potential employers and help you start a successful career in the business world. Most people, however, frequently consider concerns like “What can I do after an MBA?” or “What can we do after an MBA.” Continue reading if you are wondering, “Top post MBA careers?”
Before making an easy selection, consider all the benefits and drawbacks of each MBA concentration option because many distinct business and management streams are available. To get the most out of an MBA degree, you should first research and have a general concept of the various courses, the career paths they can lead, and the pay scales for executive positions.
1. MBA in Finance
The ideal response to the “career choices after MBA?” question would be an MBA in finance. With excellent development potential in the banking, financial services, and insurance industries, the MBA in Finance is a well-liked MBA focus. Planning, managing, and controlling any industry’s financial assets and resources are the main objectives of financial management.
One can work in the following fields after earning an MBA in finance:
- Corporate Finance
- Corporate Banking
- Credit Risk Management
- Asset Management
- Hedge Fund Management
- Private Equity
- Sales and Trading
An MBA in Finance graduate from one of India’s top business schools may expect a starting salary of between Rs 10 and Rs 15 lakhs per year. The beginning salary range for applicants from other institutions is between Rs 4 and Rs 6 lakhs per year. With increasing experience and knowledge, income rises. Senior-level professionals can earn up to and beyond Rs. 35-50 lakhs annually, while mid-level professionals get between Rs. 20 and 30 lakhs annually.
2. MBA in Business Analytics
The MBA in Business Analytics is a specialty area that teaches students how to gather and analyze data from various sources to gain important insights into customer behavior, market trends, and other business intelligence-related topics. These analytical tools include statistical and quantitative analysis, explanatory and predictive modeling, data visualization, etc.
Business analytics MBA graduates can work in various industries, including information technology, healthcare, financial institutions, and e-commerce. Some of the top employers of business analytics specialists in India are Boston Consulting Group, Accenture, Capgemini, Wipro, Amazon, etc.
The average yearly salary for business analytics specialists in India is Rs. 11 lakhs due to the expanding significance of analytics in the company. In contrast to experienced professionals in the sector, who can earn between Rs. 10 and 18 lakhs per year, freshers typically make between Rs. 5 and 8 lakhs per year. Senior level employees may receive salaries ranging from 30 to 55 lakhs rupees annually.
3. MBA in Marketing
What are the best MBA career paths? It is frequently asked, and an MBA in marketing is unquestionably one of the best solutions, given the field’s increasing growth and importance across many academic disciplines. The marketing component of a business is the focus of an MBA in marketing management. Teaching students about brand marketing, sales, various marketing channels and tactics, executive and leadership management abilities, product management, market research, and consumer behavior, to name a few, are the main objectives.
Jobs for marketing management specialists are available in the FMCG industry, financial services, IT, marketing firms, advertising agencies, etc. Although practically every corporation needs a marketing function, the following are some of the top hiring firms in India for this position: Accenture, Amazon, Capgemini, IndusInd Bank, Ing Vysya Bank, India Infoline, etc.
For newcomers in India, the annual salary range for marketing management professionals can be anywhere from Rs. 3.5 to 18 lakhs (higher compensation for graduates from reputable B-schools). The salary can range from Rs. 15 to 40 lakhs per year and rises with experience.
4. MBA in Human Resource Management
You might pick an MBA in human resource management if none of those mentioned above options were able to provide you with the solution to the question, “What is the top career after MBA?” The goal of an MBA in HR Management is to maximize employee performance in order to meet organizational objectives. The finest industrial techniques and understanding of how to manage human resources to ensure maximum advantages are taught to students.
The position of an HR professional has recently grown in popularity across all industry sectors. Therefore, there are many job prospects for HR Management specialists in IT organizations, legal firms, advertising firms, retail companies, media outlets, newspapers, etc.
Starting salaries for HR professionals range from Rs 2.5 to 4 lakh per year. However, graduates of reputable business institutions might earn between Rs. 4.5 and Rs. 8 lakh per year. Mid-level occupations often pay between Rs. 10 and Rs. 18 lakhs per year, whereas senior-level professionals typically earn between Rs. 25 and Rs. 40 lakhs per year.
5. MBA in Operations Management
Everything connected to business operations, including product quality and cost, manufacturing time, increasing productivity, and increasing customer satisfaction quotient, is optimized as part of operations management. A business’s operations management and supply chain are comprised of enterprise resource planning (ERP), vendor management, inventory management, and purchase management. It is the best career options after MBA.
Damco, Blue Dart, First Flight, GAIL, ONGC, and NHPC are among India’s significant recruiters for Operations Management professionals.
The beginning salary range for operations management experts in India is between Rs. 4 and 7.5 lakhs. Reputable B-school graduates can earn between Rs. 6 and 10 lakh annually. The yearly salary range for mid-level professionals is roughly Rs. 15–20 lakhs, while for senior-level professionals, it is Rs. 28–40 lakhs.
6. MBA in International Business
A two-year post-graduate education called the MBA in International Business teaches students how to manage a multinational company. This course is for you if you want to become a member of MNCs and learn more about international business, legislation, policies, commerce, and import regulations. After the course, there are many opportunities because most organizations want to grow internationally.
After completing the course, You may be hired as an export manager, international marketing manager, or international business consultant. You might pursue similar positions in the sector, like global business manager, logistics manager, foreign exchange trader, and compliance manager.
A logistics manager may earn between 2.7 LPA and 8.2 LPA in compensation. In India, a foreign exchange trader typically makes roughly 7.5 LPA. In India, a compliance manager makes an average salary of about 10 LPA.
7. MBA in Healthcare Management
You can manage many managerial facets of hospitals, pharmaceutical businesses, and other healthcare systems with an MBA in healthcare management. This degree opens the door to many prospects because healthcare is one of the most rapidly growing industries worldwide. You will benefit from this course’s comprehensive understanding of the healthcare sector. It is one of the best career options after MBA in it.
Hospital CEO, Hospital Administrator, Product Manager for medical device companies, Healthcare Associate, Hospital Operations Manager, Health Insurance Manager, etc., are just a few job positions available after completing this course. Other significant corporations include Fortis, Star Health, Siemens, Apollo, WHO, Cipla, Practo, Max, AMGEN, etc.
Hospital administrators typically make roughly 4.8 LPA, but depending on their experience level, they may earn up to 10 LPA. From 3.7 LPA to 10 LPA is the wage range for an operations manager.
8. MBA in Information Technology
One of those MBA levels with a stronger tech focus is the MBA in Information Technology. This specialty will equip you to handle IT-related workers and elements. Information security, IT project management, and other classic business management topics are well-represented in the course. Since practically every industry will depend on technology in the future, this course is precious. You can choose these career options after MBA in India.
Entry-level applicants may expect to make about 4.8 LPA on average, compared to the average IT manager income of roughly 13 LPA. A system manager’s salary ranges from 2 LPA to 8 LPA, depending on their qualifications and experience level.
We hope this post has given you a better grasp of the topics covered in these MBA specialties and the top post MBA careers patheach one opens up. An MBA degree has a strong reputation worldwide and offers the prospect of lucrative employment.
The salary for management positions varies, nevertheless. Therefore, you must decide which MBA level best suits your career goals in order to ensure that you ultimately acquire your dream job. Once you understand it, everything else will be simpler.
Contact the professional team of Top Career Study for free counselling to go over the options and guarantee your admission to the right course. Call them right now at 8383895094 or visit their website at www.topcareerstudy.com.