Career After MBA: Jobs, Scope, Placements, Salary 2023, Top Recruiters

The Master in Business Administration (MBA) is a 2-year professional post-graduate degree that offers great career opportunities across various industries. It is one degree that plays an important role in your growth and development and enables you to transform into a complete professional with all the required skill sets.

Why Choose MBA?

• According to GMAC’s Global Survey, ‘MBA is the most popular choice for graduate-level study among Indian students.’
• According to a report by Times of India, the employability of MBA graduates sits at 54%, which is the highest among different professional courses.
• There are more than 14k job offers currently on monsterindia.com and more than 58k jobs on naukri.com.
• The average annual salary of an MBA in India ranges between INR 7 LPA to INR 12 LPA for different specialisations.
• Some of the desirable job positions such as Business Operations Management, Marketing manager, Operations Research Analyst, and Management Analyst are considered ‘hot jobs’ according to the US and World News Report.

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Short term courses in MBA

Top Careers In MBA

According to AIMS, banking, finance, consulting, marketing, manufacturing and technology are some of the fields that are craving for MBA graduates. When it comes to actual job titles, here is a list of some of the most in-demand jobs:

• Marketing Manager- Marketing managers are responsible for organising and managing marketing campaigns to raise awareness and generate demands for products and services marketed. The average annual salary of a marketing manager is around INR 7.4 LPA.
• Finance Manager- Financial managers oversee a company’s financial activities such as managing cash and investment activities, and financial transactions as well as performing data analysis and advising senior managers on profit-maximising ideas. A financial manager’s average annual salary in India is INR 13 LPA.
• Investment Banker- Investment bankers are investment professionals who provide financial advice and direct the investment of money. They lend their services to big organisations, start-ups, and, in some cases, even governments. Their salary ranges between INR 2 LPA to INR 40 LPA with an average annual salary of INR 4.5 LPA.
• Chief Technology Officer- The Chief Technology officer manages the technology team and oversees research and development as well as special projects that need technical vision of a company. THE CTO looks after the entire IT department and is also responsible for developing, implementing, managing, and evaluating the company’s technological resources. The average annual salary of a CTO is INR 31 LPA.
• Information Technology Director- The average annual salary of an Information Technology (IT) Director in India is INR 41 LPA. They are the person-in-charge of technology within an organisation which means they are responsible for the management of all information technology and computer-related activities in an organisation.
• Product Manager- A Product Manager identifies the customer’s needs and wants and works with the engineering and the designing team to bring a product to life. They are responsible for the development of new consumer goods, business technologies, software platforms, etc. that people use in their everyday lives. The average annual salary is around INR 16.3 LPA.
• Health Services Manager- Health Services Managers are in high demand as they manage public health programs, scientific research and pharmaceutical or medical equipment manufacturing. Their basic job is to look after departments and areas such as nursing, finance, patient records, outpatient clinics as well as medical practices. The average annual salary of Health Services Manager is INR 4.5 LPA in India.
• Entrepreneurship Manager- Entrepreneurship managers are also known as business managers who ensures company’s productivity and efficiency by supervising and leading a company’s operations and employees. On an average the annual salary of an Entrepreneurship Manager is INR 9 LPA.
• Human Resource Manager- Human Resource Managers are responsible for recruiting, interviewing and hiring of a new staff. They consult with the top executives on strategic planning and also serve as a link between the management and the employee of an organisation. The average annual salary of an HR manager is INR 7 LPA.

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MBA Scope In India

One of the biggest advantages of an MBA is that it comes with the option of various specialisations. It is a vast ocean of opportunities that offers students the work in a plethora of industries. Besides, an MBA in a particular specialisation is not restricted to a single field and the students can switch to another sector whenever they want.

Some of the sectors where MBA graduates are constantly in demand are:

• Retail and Corporate Sector- There are many job roles for different MBA specialisations in this industry such as store manager, category manager, store technology manager, store marketing manager, etc. Depending on the flare and skill you possess, you can pick up a role considering your ambitions.
• Banking and Financial Institutions- MBA graduates are hired in capacities such as Financial Analyst, Credit & Risk Manager, Marketing & Sales Manager, etc. It is a field full of career opportunities with an average annual salary ranging between INR 3 LPA to INR 20 LPA based on the job role.
• Media Sector- Students have ample opportunities in both private and government sectors. With an average annual salary ranging between INR 2 LPA to INR 10 LPA, candidates can look out recruitments in print media, broadcast media, internet media, etc. Some of the popular job roles in this industry are Media Executive, Digital Advertising Expert, Channel Head, TV Producer and many others.
• Hospitality Sector- With an expertise in hospitality sector, students can expect for job roles such as General Manager, Director of Sales, Marketing manager, Management Consultant, etc. With an average annual salary ranging between INR 3 LPA to INR 10 LPA, the students have unprecedented opportunities in airlines, cruise ships, hotels, casinos, resorts, etc.
• Education sector- Education sector may seem very limited, but it has a lot of opportunities for MBA graduates. Some of the job roles in this industry include education policy manager, education technology manager, director of teacher recruitment, educational reform manager, etc.
• Management Consulting- Consulting firms hire some of the best management brains and the responsibility of these individuals include solving organisational issues, embracing fresh ideas and finding new problem- solving methods.
• Manufacturing sector- With the declining numbers of industrial engineers, MBAs are filling in the gap. Companies who need help with data analysis and managing complex supply chains hire MBA graduates. With an average annual salary of INR 4 LPA- INR 12 LPA, candidates can look up to job roles such as Purchase Manager, Project Manager, Organisational Consultant, etc.
• Entrepreneurship- MBA graduates may aim to launch their own venture or they may accept respected positions at established firms such as that business operations, financial management, Information security, etc. The demand for candidates has been on the rise with an average annual income of INR 5 LPA to INR 20 LPA.
• Information Technology- Project Managers, Analytics Manager, Systems Manager, IT Manager, Data Processing Manager, etc. are some of the job roles offered to MBA graduates in this industry with an average annual salary of INR 12 LPA.

Average Salary Based On Job Position

Choosing the best MBA specialisation significantly affects your life and career in the long run. MBA in Business Analytics, MBA in Finance and MBA in Entrepreneurship are considered to be the top most paid specialisations in this field. However, the salary of any professional depends on the skills, interest in earning and other considerable factors. Here is a list of the top paying specialisations of MBA in India:

Top Recruiters For MBA Students

MBA graduates are in high demand in every sector. As a company grows, the need for a professional arises and there is more and more demand for MBA graduates. Some of the top multinational companies that recruit MBA graduates are:

• Amazon
• Google
• Hindustan Unilever
• Mckinsey & Co.
• Bain & Co.
• Goldman Sachs
• Microsoft
• Boston Consulting Group
• Coca- Cola Company
• JP Morgan Chase & Co.

The top five Indian companies that hire MBA graduates are:

• Tata Administrative Services
• Aditya Birla Group
• ITC
• Flipkart
• Asian Paints

Top MBA College for Placements

The popularity of an MBA as a preferred post- graduate degree is unprecedented. However, the choice of college marks the stepping stone towards a good career in future. Given below is a list of some of the top IIMs with highest CTCs offered in 2021- 22:

Here is a list of some of the top private B-schools with some of the highest CTCs:

How To Get A Job After MBA

Landing a job after MBA is not as easy as getting an MBA degree. Besides, competition is increasing exponentially and one needs to toil hard to mark a safe and secure position in the market. The best bet is to start while you are studying, and following some of the given tips to land your dream job:

• Enhance your skills- Having an MBA degree but lacking the required skills is similar to having all the resources but not aware of on how to use them. Skills such as critical thinking, problem solving, logical reasoning, etc helps in shaping your career and could be developed through regular practice.
• Join the alumni network/ establish a good network- Joining the alumni network of your college may prove to be an important step towards establishing a good engineering career. You get updates about vacancies in top companies; learn interview skills to crack them and many more.
• Make an impressive resume- To stand out amongst thousands of applicants you need to be creative and well represented with your resume. You can download samples available online or get your resume prepared through a writing agency.
• Find a good internship- Always look for internships that compliment your dream career. Good internships will not only let you gain experience but may help you land in a better place.
• Explore different industries- Getting an MBA degree opens doors of a plethora of industries for you to try out your luck such as finance, marketing, human resource management, etc. Even if you choose any one domain as your specialisation, and you are not satisfied with the perks, you can look up to switching your field any time.
• Stay upup-to-date and ready for interview- Keep following the new trend and market status to appear knowledgeable and sharp in your interviews. You may follow many social media sites or business news for this.

Top Indian Cities To Get Lucrative Jobs After MBA                                                     

One way to kick start a great career is by moving to a city that offers both economic advantages and good quality of life. Although MBA offers loads of specialisations to choose from and an MBA graduate is in demand in almost every sector, it becomes important to choose the right place to have a good start of the career.

Here is a list of some of the most promising cities for MBA graduates in India:

Life after MBA

A survey conducted by MBA50, of 1108 students from world’s leading business schools pegged the Happiness index at 8.53 post MBA. The pre- MBA happiness index was only at 5.98 that rose to 7.71 during the course and 8.53 afterwards clearly states that people became happier after from the time they enrolled for the program, to completing it. However, big salaries come with some of the most demanding expectations and this is why certain times this job is considered intolerable or insufferable, as some MBA alumni say. But pursuing an MBA in a high-growth field will definitely boost your career growth and develop various technical and soft skills.

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