After MBA Which Course is Best? Top Courses After MBA for Better Career
After MBA which course is best? Pursuing an MBA opens up many paths for career growth, and many students think of upskilling to enhance their resumes. Shiksha brings you an account on the best courses after MBA. Read the article below to know more.
Best Courses After MBA
To know after MBA which course is best, students need to consider various factors such as interest, their career choice, institute choice, etc. The dynamics of the business world has changed, and with the ever-growing industry needs, only an MBA may not offer the most rewarding career journey. MBA graduates seeking to refine and enhance their expertise should choose the best-suited courses after MBA. Opting for a higher degree or a professional certification after MBA can open doors to better career options with higher salaries, better roles and skills. To build a good career after MBA, students can opt for certifications such as Financial Risk Management (FRM), Chartered Financial Analyst (CFA), Business Analytics, Project Management Professional (PMP), etc.
The degree is considered a gateway to a rewarding career in the field of business and management. Pursuing a Master's of Business Administration, MBA, gives students an understanding of business principles and management strategies. MBA gives students a chance to enhance their skills and knowledge to excel in the field and grow professionally. After completing an MBA, many students plan to improve their knowledge further and opt for a specialization to meet the ever growing demands of the business landscape. This gives them an edge in this dynamic world. Read the article below to get a detailed account on after MBA which course is best.
Best Courses After MBA
If one wishes to pursue higher studies after an MBA to explore better opportunities, they can consider taking the following top courses after MBA:
Financial Risk Management (FRM)
FRM, or the Financial Risk Management, is a specialised finance course which is pursued by many MBA graduates. The course focuses on measuring, assessing, identifying and solving various types of financial risks that can impact the financial stability and performance of an organization. These risks include market risk, credit risk, operational risk, liquidity risk, etc. GARP offers the FRM certification and is recognised in over 90 countries around the globe. The FRM syllabus includes topics such as Foundations of Risk Management, Quantitative Analysis, Financial Markets and Products, Valuation and Risk Models, Credit Risk Management, Operational and Integrated Risk Management, etc.
Also Read: How to Become a Certified Financial Risk Manager (FRM)
Career Opportunities and Benefits
After completing the FRM course, students are equipped with skills which are highly valued in banking, investment management, insurance, corporate finance, and consulting industries. The jobs mostly focus on roles such as risk analysis, identification and management. Check the table below to know the top job roles after the FRM course in India along with the average package:
| Job Profile |
Average Salary (in INR) |
|---|---|
| Risk Analyst |
INR 2 LPA to INR 17 LPA |
| Credit Analyst |
INR 2.4 LPA to INR 16.2 LPA |
| Risk Manager |
INR 3.5 LPA to INR 33 LPA |
| Financial Consultant |
INR 2 LPA to INR 18 LPA |
| Regulatory Compliance Officer |
INR 2.2 LPA to INR 18.5 LPA |
The above salary data is taken from ambitionbox.com
Also Read:
Chartered Financial Analyst Course (CFA)
Another option to know after MBA which course is best, is the CFA course or the Chartered Financial Analyst (CFA) course. It is a globally recognised professional credential offered by the CFA Institute. The course is considered one of the most prestigious and respected qualifications for investment professionals across the globe. The CFA programme is designed to provide candidates with an understanding of investment management, financial analysis, ethics, and professional standards.
Also Read: MBA vs CFA: Which is Better?
Career Opportunities and Benefits
Students can take admission to the CFA program through the CFA exam. CFA professionals are in high demand in various sectors, including asset management, investment banking, private equity, hedge funds, corporate finance, etc. Check out the table below to know best career opportunities for CFA graduates along with the average salary in India:
| Job Profiles |
Average Salary (in INR) |
|---|---|
| Portfolio Manager |
INR 3.4 LPA to INR 38 LPA |
| Associate in Investment Banking |
INR 2.6 LPA to INR 40 LPA |
| Equity Research Associate |
INR 3.4 LPA to INR 38 LPA |
| Financial Analyst |
INR 2.2 LPA to INR 14 LPA |
| Credit Analyst |
INR 2.4 LPA to INR 16.3 LPA |
| Research Analyst |
INR 1.9 LPA to INR 10.9 LPA |
| Equity Analyst |
INR 2.8 LPA to INR 25 LPA |
The above salary data is taken from ambitionbox.com
Also Read: Know the top 10 MBA Finance colleges in India
ISB’s Certificate Programme in Business Analytics (CBA)
The Certificate Programme in Business Analytics is offered by the prestigious Indian School of Business (ISB) and is designed to equip professionals with the skills and knowledge need to excel in the field of business analytics. It is a short-term executive programme aimed at working professionals who are interested in gaining a solid foundation in business analytics.
Career Opportunities and Benefits
The ISB’s Certificate Programme in Business Analytics gives the students with the skills and knowledge for analyzing past business performances and further make future business planning. The programme teaches business planning by using statistical methods and data. Refer to the table below to know some of the career opportunities after pursuing ISB’s Certificate Programme in Business Analytics:
| Job Profile |
Average Salary (in INR) |
|---|---|
| Data Analyst |
INR 2 LPA to INR 14 LPA |
| Business Analyst |
INR 3 LPA to INR 17.6 LPA |
| Marketing Analyst |
INR 2.1 LPA to 15 LPA |
| Financial Analyst |
INR 2.2 LPA to INR 14 LPA |
| Operations Analyst |
INR 2.5 LPA to INR 9 LPA |
| Supply Chain Analyst |
INR 2.7 LPA to INR 14 LPA |
| Market Research Analyst |
INR 1.7 LPA to INR 9 LPA |
| Risk Analyst |
INR 2 LPA to INR 17 LPA |
| Healthcare Analyst |
INR 1.6 LPA to INR 8.3 LPA |
| Consultant |
INR 3.6 LPA to INR 24 LPA |
The above salary data is taken from ambitionbox.com
Doctor of Business Administration
The Doctor of Business Administration degree equips you with a competitive edge in the fast-paced management and business world. It also helps in the research and professional exposure one may need to aim for high-salary managerial profiles. The DBA programme is primarily designed for experienced professionals, senior executives, entrepreneurs, etc. who want to deepen their expertise by combining academic study and practical applications.
Career Opportunities and Benefits
While similar to a PhD in Business Administration, the DBA emphasizes on applied research and its practical implications for real-world business challenges. Many DBA courses are designed in a way that they offer plenty of networking opportunities. Refer to the table below to know some of the career options after the DBA course:
| Job Profile |
Average Salary (in INR) |
|---|---|
| Chief Executive Officer (CEO) |
INR 12 LPA to INR 116 LPA |
| Chief Operating Officer (COO) |
INR 18 LPA to INR 101 LPA |
| Chief Financial Officer (CFO) |
INR 23 LPA to INR 101 LPA |
| Chief Strategy Officer (CSO) |
INR 10 LPA to INR 72 LPA |
| Consultant |
INR 3.6 LPA to INR 24 LPA |
| Entrepreneur |
INR 3 LPA to INR 32 LPA |
| Strategic Consultant |
INR 8.9 LPA to INR 45 LPA |
| International Business Manager |
INR 6 LPA to INR 30 LPA |
| Program Manager |
INR 6.1 LPA to INR 41 LPA |
| Director of Business Intelligence |
INR 17.5 LPA to INR 63.5 LPA |
| Director of Research and Development |
INR 16.3 LPA to 94.1 LPA |
| Research Scientist |
INR 3 LPA to INR 19.7 LPA |
| Policy Analyst |
INR 3.5 LPA to INR 11.2 LPA |
| HR Strategist |
INR 4 LPA to INR 29.6 LPA |
| Portfolio Manager |
INR 3.4 LPA to INR 38 LPA |
| Global Strategy Director |
INR 14.6 LPA to INR 80 LPA |
The above data is taken from ambitionbox.com
Also Read: Top MBA/PGDM in Operation Management Colleges in India
Certified Information Systems Auditor (CISA)
Certified Information Systems Auditor (CISA), is a globally recognised professional course offered by the Information Systems Audit and Control Association (ISACA). The certification course is designed for individuals working in the field of information systems, auditing, control and assurance.
Career Opportunities and Benefits
CISA opens up various career opportunities in various industries, including IT, Finance, Consulting Firms, government firms, etc. The course equips you with the knowledge and skills needed to identify vulnerabilities, evaluate controls, and ensure the integrity of information systems. Refer to the table below to know some of the career opportunities after the CISA course:
| Job Profile |
Average Salary (in INR) |
|---|---|
| IT Auditor |
INR 3.8 LPA to INR 17 LPA |
| IT Security Analyst |
INR 3 LPA to INR 14 LPA |
| Compliance Officer |
INR 2 LPA to INR 18 LPA |
| Internal Auditor |
INR 1.5 LPA to INR 13.9 LPA |
| IT Governance Specialist |
INR 5 LPA to INR 35 LPA |
| Business Continuity Manager |
INR 8.8 LPA |
| Cyber Security Consultant |
INR 3.6 LPA to INR 25 LPA |
The above salary data is taken from ambitionbox.com
Fellow Programme in Management from IIMs
FPM or the Fellow Programme in Management (FPM) is a doctoral-level programme offered by the top B-schools in India. The programme is offered by top management colleges such as XLRI, SPJIMR, MDI Gurgaon, various Indian Institutes of Management (IIMs), etc. The programme is best for the students who wish to build a career in research, academics and leadership roles in various industries, including finance, IT, BFSI, etc. The FPM programme is at par with a PhD degree in Management. The programme focuses on equipping the students with advanced skills required in the field of business management. This is one of the best courses for MBA graduates, even though admission to the programme is highly competitive. To pursue the FPM programme, students should have a strong academic background, a compelling research proposal and excellent performance in admission tests and a Personal Interview.
Career Opportunities and Benefits
Fellow Programme in Management is a long-term course. The FPM focuses on research excellence in the field of management. Refer to the table below to know some of the career opportunities after the FPM course:
| Job Profile |
Average Salary (in INR) |
|---|---|
| Research Scholar |
INR 2 LPA to INR 8 LPA |
| Professor |
INR 3.2 LPA to INR 35 LPA |
| Research Scientist |
INR 3 LPA to INR 19.7 LPA |
| Data Scientist |
INR 4 LPA to INR 29 LPA |
| CSO |
INR 10 LPA to INR 72 LPA |
| Business Writer |
INR 2.8 LPA to INR 12.5 LPA |
The above salary data is taken from ambitionbox.com
An MBA degree is the starting step of a strong career in management and the business world. But the journey for a rewarding career in the field includes other specialised courses tailored to meet the career aspirations of the MBA graduates. These courses can give them the edge in the highly competitive world and ever evolving business environment.
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