One of the primary reasons people pursue an MBA degree is the boost it provides to their post-MBA career. MBA students' all-around development during their time at business school makes them a highly appealing proposition for employers looking for talent with sharp business acumen and leadership skills to drive future growth. MBA graduates can find work in any industry, from healthcare to finance.
With so many career options available after an MBA, students may find it difficult to narrow down their ideal roles. Furthermore, knowing what you want to do after your MBA can help you choose the right business school and MBA specialization. To assist you, we have discussed the most popular MBA jobs in India in the hopes of making your decision easier.
Jobs After MBA
Consultant
Consultants, also known as management consultants, management analysts, or business consultants, offer professional advice to businesses that are dealing with new problems or attempting to implement new procedures or processes.
They strive to increase efficiency and profitability while anticipating long-term changes such as new laws or changes in customer demographics.
They can also assist in increasing employee productivity and providing specialized advice to CEOs, CFOs, and other executives.
Companies that offer this position frequently work on a project or contract basis with multiple clients. Most consultants focus on one industry, such as transportation, retail sales, or health care.
Average Salary: $90,539 (Glassdoor)
Accountant
An accountant, also known as a CPA or certified public accountant (if certified), is a person who prepares financial records for businesses and individuals.
They ensure that all financial records are accurate and timely and file tax statements and returns for businesses and individuals. They also assist in cost reduction, increasing efficiency, and explaining their findings to upper-level managers and executives.
Average Salary: $92,730 (Accountingedu.org)
Logistics Manager
A logistics manager coordinates and analyses an organization's supply chain. They must oversee the entire product life cycle, including how employees acquire, distribute, and deliver products.
Companies can increase their profits by effectively managing the global supply chain.
Because most multinational corporations have facilities and suppliers on multiple continents, they require experts to ensure that their supply chain remains efficient. The majority of logistics managers have an MBA with a concentration in operations and supply chain management.
Average Salary: $113,002 (Salary.com)
Marketing Manager
Although marketing has always been one of the most important aspects of a company, its importance has only grown in recent years as competition has increased and firms seek new and creative methods to differentiate themselves.
Marketing managers are in charge of conducting market research, analyzing competition, and studying consumer behavior to develop an effective marketing plan that will raise brand awareness, attract new consumers, retain existing ones, and ultimately generate revenue growth.
Marketing managers are frequently involved in product, pricing, and distribution channel choices. MBA students, particularly those pursuing an MBA in Marketing, are well-equipped to tackle all of the above jobs as a result of their academic and practical learning.
Because the work is exciting, involves creative and original thinking, and has the potential to leave a lasting impression, it is a top pick among all MBA careers. Effective communication and leadership abilities are essential because you will be working with and managing any external and internal stakeholders.
Average Salary: $111,898 (Salary.com)
Business Operation Manager
A business operations manager manages global supply chains efficiently, reducing costs. Sometimes called chief operations officers, COOs, or operations directors, they manage financial policies, generate financial reports, collaborate with others to create company budgets, oversee marketing initiatives and manage stock losses.
Average Salary: $95,329 (Glassdoor)
Human Resource Manager
Human resource managers are in charge of a company's most important asset: its workforce.
Talent acquisition and recruiting, training and career development programs, remuneration and benefits, company culture, workplace regulations, and compliance, employee grievances, and industrial relations are all under their purview.
MBA in Human Resources graduates can work as generalists (managing various aspects of human resource management) or specialists (focusing on a single component).
Average Salary: $110,658. (Salary.com)
Budget Analyst
Budget analysts, as the job title implies, assist large and small businesses in staying on track with their finances by maintaining a balanced budget.
They assist in the organization of the company's finances by preparing regular financial reports, communicating with executives on funding requirements, and evaluating budget decisions for special initiatives or one-time spending.
Average Salary: $61,311 (Salary.com)
Product Manager
Product management used to be regarded as a part of the marketing role for FMCG and manufacturing organizations, and it was more concerned with product pricing, positioning, and promotion than with actual product creation.
The fast rise of technological firms, which are generating increasingly inventive and personalized goods regularly, has revolutionized the work of a product manager, making it one of the hottest MBA professions in the twenty-first century.
Product managers are in charge of the entire lifecycle of a product, from conception to delivery.
They lead cross-functional teams that include the engineering team, which develops and tests the product; the marketing and sales team, which analyses market requirements and competitive landscapes and develops a marketing and distribution roadmap; and the customer support team, which gathers feedback for product improvement.
MBA graduates are outstanding candidates for product managers since they have great strategic awareness, problem-solving ability, entrepreneurial thinking, and effective communication abilities.
Average Salary: $111,868 (Productmanager.com)
IT Manager
IT managers, also known as computer and information technology managers, assist firms in managing research initiatives, implementing technical advancements, upgrading and installing software, and maintaining the security of corporate networks.
They also set technical standards for the organization and ensure that they are followed by all personnel.
An IT manager, for example, may mandate that all employees who bring their laptops or tablets install the same recently updated antivirus package. IT managers also assist businesses in promoting their brands by ensuring that websites are user-friendly and engaging.
This employment is in high demand because most major and small businesses use information technology to boost their productivity. IT managers typically hold a master's degree in business administration with a concentration in information systems.
Average Salary: $117,398 (Glassdoor)
Business Analyst
Data is used by business analysts to generate business insights and make recommendations for improvements in corporations and other organizations. Business analysts can spot problems in almost any aspect of a company, including IT procedures, organizational structures, and employee development.
Business analytics has become an important part of many companies operations as they strive to improve efficiency and cut expenses. Let's take a closer look at what business analysts do and what it takes to work in the field.
Average Salary: $79,994 (Indeed)
Business Development Manager
Business development managers are in charge of assisting their companies in growing. This could be accomplished by recruiting new clients, expanding into new markets, developing new alliances, or identifying new distribution methods.
You must be commercially and operationally savvy, as well as have exceptional leadership and relationship management skills, to be considered for this position. MBA graduates looking for work in this field can discover chances in a variety of businesses.
Average Salary: $80,327 (Indeed)
Investment Banker
One of the most popular career paths after an MBA is that of an investment banker. Most graduates begin as Associates, assisting their clients, which include some of the world's most prestigious corporations and governments, in raising capital or pursuing other growth opportunities through securities and other financial instruments, mergers and acquisitions, and corporate restructuring, among other things.
The position is extremely gratifying, not only in terms of pay and advancement opportunities but also in terms of the impact you make on the worldwide corporate world.
To work as an investment banker, you must be skilled at math and financial modelling, as well as possess a keen strategic vision. The MBA in Finance speciality is typically chosen by students who desire to pursue this professional path.
Average Salary: $80,639 (Indeed)
Why Pursue MBA?
Many professionals consider MBA as the next move they need to make for their career progression. Regardless of your business or area of professional specialization, an MBA can help you achieve your goals.
However, given the time and money investment, some people may ask if it's worth it to pursue an MBA. An MBA can help those who want to work in management positions, with financial institutions, or as entrepreneurs develop the leadership qualities needed to succeed in these fields.
1. Transform your career
After completing your degree in the specialization, you wish, you can transition from one field to another; if you are working in sales, you can easily switch to international business, marketing, company development, or marketing analytics.
As a result, earning a master's degree in business administration in a field of your choice opens the door to new and better job options.
2. Expand your network
When it comes to the business arena, networking and forming relationships are quite important. Another reason to pursue an MBA is the opportunity to meet and connect with industry experts. You'll also embark on corporate visits, which will enhance your study.
Furthermore, you will have access to pertinent information and resources regarding careers, opportunities, and business events through the alumni network.
MBA programs also help people form lifelong friendships. Classmates from businesses together remain friends throughout their lives.
3. Acquire Managerial Skills
An MBA student can learn cooperation, leadership, and negotiation skills through participation in teams, clubs, exercises, extra-curricular activities, and community initiatives. Furthermore, by strengthening communication abilities, the curriculum aids in the development of superior interpersonal and presentation skills.
As a result, the curriculum not only provides knowledge but also soft skills.
4. Personality Development
An MBA aids complete personality development by providing topic knowledge and soft skills. After receiving their MBA, an MBA graduate is nearly transformed into a new person with a fresh perspective on life and business.
As a result, a master's degree in business administration will provide you with the ideal setting for your complete personality development.
MBA Specializations
MBA in Finance
MBA in Finance is a popular MBA specialization with high development potential in the Banking, Financial Services, and Insurance industries. Financial management is concerned with the planning, management, and regulation of a company's financial resources and assets.
After earning an MBA in Finance, one can work in the following fields:
- Finance for Corporations
- Banking for Corporations
- Asset Management
- Management of Hedge Funds
- Treasury
- Sales and Trading
- Private Equity
MBA in Business Analytics
MBA in Business Analytics is a specialization field that teaches students how to gather data from multiple sources and analyze it to gain valuable insights into customer behaviour, market trends, and other business intelligence topics using various analytical tools (statistical and quantitative analysis, explanatory and predictive modelling, data visualization, and so on).
MBA Business Analytics graduates can work in a variety of industries, including information technology, healthcare, financial institutions, and e-commerce. Some of the leading recruiters for Business Analytics specialists in India include Boston Consulting Group, Accenture, Capgemini, Wipro, Amazon, and others.
After earning an MBA in Business Analytics, one can work in the following fields:
- Financial Analyst
- Supply Chain Analyst
- Management Consultant
- Predictive Modeler
- Business Systems Analyst
MBA in Marketing
The marketing side of a business is the focus of an MBA in Marketing Management. To name a few topics, students will learn about brand marketing, sales, various marketing channels and tactics, executive and leadership management abilities, product management, market research, and consumer behaviour.
After earning an MBA in Marketing, an MBA graduate can work in the following fields:
- Competitive Marketing
- Business Marketing
- Online Marketing
- Analytical Marketing
- Customer Relationship Marketing
- Advertising Management
- Product and Brand Management
- Retailing Management
MBA in Human Resource Management
Aspirants with an MBA in HR can work as HR executives in a variety of industries, including manufacturing, BPO/IT, corporate, service, education, banking, and so on. An HR professional is involved in the hiring, orienting, training, and evaluating of a company's or organization's personnel.
Candidates who work as HR managers are responsible for duties such as organizational structure, motivation, morale, and overall employee engagement. An HR Generalist or HR Specialist might begin their profession after completing an MBA study in HR.
After earning an MBA program in HR, one can work in the following fields:
- Recruitment
- Training and Development
- Employee Benefits
- Coordination with Employees
- Payroll Management
- Managing Competition
MBA in Operations Management
Operations management is concerned with optimizing all aspects of a company's operations, such as product quality and cost, manufacturing time, increasing productivity, and increasing customer happiness. The operations management and supply chain of a company is made up of purchase management, inventory management, vendor management, and enterprise resource planning (ERP).
After earning an MBA in Operations Management, one can work in the following fields:
- Retail
- Logistics
- Hospitality
- Transportation
- Manufacturing
- Construction
- Financial Institutions
- Management Consulting
- Information Technology
MBA in IT and Systems
Candidates can also pursue an MBA in the subject of information technology and systems. A person who completes such an MBA Specialization is qualified to work in any industry and earn a good salary.
After earning an MBA in IT and Systems, one can work in the following fields:
- 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
Conclusion
An MBA is basically an acceleration of your career. If you are a working individual, an MBA can boost your career ten-folds. Even if you are somewhat of freshers, many abroad universities offer MBA degrees without work experience. The kind of jobs you get after an MBA differs from field to field. However, the most interesting thing is you can get an administrative or management job easily with an MBA.
