The most important question that MBA aspirants have in mind is the job prospects after an MBA. Careers after MBA have always captured the fascination of aspirants. The various careers after MBA are discussed below to understand the relevance of the various specializations concerning industry opportunities.
Why Choose an MBA?
- Salary increment
- Better job opportunities
- Change job profile- Mostly away from technical fields
- Networking with the batchmates and alumni
- Differentiate the resume
- Start a business
MBA is a degree that prepares students to work in any business. The course aims to prepare managers and leaders of tomorrow. Many MBA courses are available like Executive MBA, Full Time MBA, Part-Time MBA, etc. The specializations can vary, but the most common specializations are given below:-
- Sales and Marketing
- Human Resources (HR)
- IT and Systems
- International Business
- Healthcare and Hospital
- Supply Chain
- Business Analytics
Careers After MBA in Sales and Marketing
Sales and marketing is a specialization that is very popular amongst MBAs. Job opportunities after an MBA in sales and marketing are immense, and you will most likely get a good job after you complete your MBA.
With an MBA in Sales and Marketing, job seekers can look for work in FMCG, IT, hospitality, banking, and the media, among other places. After getting an MBA in Sales and Marketing, some of the most common jobs candidates can get are brand management, banking management, media management, FMCG sales, B2B sales, etc.
As per Glassdoor India, the national average of fresh MBA graduates in sales and marketing is Rs 3,73,530 annually.
Career Options After Getting an MBA in Finance
Finance is another popular field of study for MBAs. In this MBA programme, students can focus on areas like international finance, taxes, tax planning, investment management, insurance management, and reporting and analyzing financial statements. Some popular jobs after an MBA in finance are Credit Analyst, Investment Banker, Relationship Manager at banks/NBFCs, Financial Analyst, Finance Manager, Treasurer, etc.
As per Glassdoor India, the national average of fresh MBA graduates in finance is Rs 2,43,936.
Careers After MBA in HR
After getting an MBA in Human Resources, applicants can look for work as an HR executive in IT, FMCG, Manufacturing, and other similar industries. An HR professional is in charge of hiring, onboarding, training, and evaluating a company's or organization's employees.
People who fit the profile of an HR manager do things that have to do with the organization's structure, goals, ethics, and overall employee engagement. With an HR-related MBA, you can start a career as either an HR Generalist or an HR Specialist. Some of the functions performed by a Generalist are:-
- Hiring interviews and the hiring process
- Training and Development
- Employee payroll processing and benefits benchmarking
- Team building and coordination
- Exit interviews and the exit process
After an MBA in HR, you can expect to earn an average starting salary of Rs 360,480 per Glassdoor India.
Careers After MBA in Operations
Operations is another popular area of focus for MBAs.There are jobs for people with an MBA in Operations in many fields, such as Manufacturing, e-commerce, IT, and telecommunications. After getting an MBA in Operations, the following are some common jobs that people can apply for:
- Supply Chain Manager
- Logistics Manager
- Inventory Control Manager
- Project Managers
- Operations Manager
As per a report, the annual starting salary after an MBA in Operations is Rs 7,65,396.
MBA Graduates in IT and Systems
The candidate could also get an MBA in IT and Systems. By going through this MBA programme, a person is prepared for management careers in the IT sector. Here are some of the most sought-after job descriptions for people with an MBA in IT and Systems.
- Project Manager
- Business Development Executive/ Manager
- Product Manager
- Marketing Manager
- Analytics Manager
- System Manager
- Data Processing Manager
- Business Analyst
- IT Manager/Consultant
- Information Systems Managers
- Systems Analysts
Per a report, a fresher MBA in IT and Systems can expect to earn a starting salary of Rs 5,00,000.
Career After MBA in Logistics and Supply Chain Management
Logistics and supply chain management is important in many fields, such as FMCG, Manufacturing, e-commerce, transportation, etc. As technology has grown, this field has become more important to businesses.
With an MBA in this field, a person will learn how to develop cost-effective ways to improve the efficiency of a process. The candidate will study a wide range of topics, such as strategic management, organizational behavior, customs processes, the use of information technology in the supply chain, etc.
After getting an MBA in Logistics and Supply Chain Management, graduates can work as Warehouse managers, procurement managers, supply chain analysts and managers, operations management specialists, etc.
As per Glassdoor India, the average salary for MBA in Logistics and Supply Chain Management graduates is Rs 9,07,821.
1. Is it worth it to pay for an online MBA?
Ans. Yes, but it depends on the course provider and what you want to learn. It costs less to get an online MBA. Since they are self-paced and mostly made up of weekend classes, they can be a great option for people who already have jobs.
2. Do any other schools accept CAT scores besides the IIMs?
Ans. Yes, there are many more accredited schools, and some even have MBA programmes that only accept CAT scores. You could look into the Xavier Institute of Management in Bhubaneswar, the Jamnalal Bajaj Institute of Management Studies, and the Department of Management Studies at the Indian Institute of Technology in Delhi, among others.
3. How high do you score on the CAT test to get into IIM in 2022?
Ans. To get into the best IIMs, you need to get a CAT score between 99 and 100. After the CAT test results come out in January 2019, the cutoff score will be made public. Check the cutoff list because some IIMs may accept scores that are slightly lower than those on the list.
Career scope after MBA increases if you pursue the course from a global university. You will get to explore a new market all together and get to learn amazing skills. We offer a one-year MBA program at IU University. This program prepares you for global opportunities in various fields. The best part about the program is that you can pursue it completely online, thus saving time and money.Sign- up for the course today!