Career Options After MBA
The MBA (Master in Business Administration) is a two-year post-graduate degree course that offers fantastic career possibilities across diverse industry verticals. One such degree plays a pivotal role in your development and growth and empowers you to transform into an out-and-out expert with all the necessary skills.
However, most individuals often ask questions like “What can I do after the MBA?” and “What are the career options after the MBA?”. If you also belong to this category, keep reading this informative post.
Table of Content
- What Is an MBA?
- Why Choose an MBA?
- MBA Specialisations
- Types of MBA Jobs
- Salary for MBA Specialisations across the World
- Top 10 Jobs after MBA
- MBA Placements
- Top Recruiters for MBA Students
What Is an MBA?
During an MBA degree course, candidates dig into foundational subjects like Marketing, Finance, Human Resources, Operations, and Entrepreneurship. These subjects are taught via case studies, classroom lectures, experiential learning, and group projects. The subjects generally cover various topics, including organizational behavior, business ethics, decision-making, economics, and data analysis.
In MBA degree courses, students also have the chance to specialize in a specific field, like international business, finance, or marketing, depending on their career goals and interests.
Why Choose an MBA?
- As per the Global Survey conducted by GMAC, ‘MBA is the most sought-after option for graduate-level study among the students of India.’
- As per a Times of India report, the recruitment possibility after completing an MBA sits at 54%, which is considered the highest among diverse professional programs.
- There are over 14,000 employment offers currently on http://www.monsterindia.com and more than 58,000 jobs on http://www.naukri.com.
- The average yearly salary of an MBA degree holder in India ranges between ₹7,00,000-12,000 for different specialisations.
- The most desirable job positions, like Marketing Manager, Business Operations Management, Management Analyst, and Operations Research Analyst, are regarded as ‘hot jobs’ per a US and World News report.
MBA Specialisations
While the timeless and widely favoured MBA specializations remain Finance, Marketing, Human Resources, Information Technology, and International Business, in response to the shifts in the industry, several emerging areas have now been introduced in MBA. Ultimately, it’s about aligning a candidate’s attitude and skills with the sector’s changing needs.
MBA in Finance |
MBA in Marketing |
---|---|
MBA in Operations Management |
MBA in Human Resource & Organisational Behaviour |
MBA in Management Information Systems |
MBA in Healthcare Management |
MBA in Business Analytics |
MBA in International Business |
MBA in Waste Management |
MBA in Logistics and Supply Chain Management |
MBA in Entrepreneurship & Small Business Management |
MBA in Aviation Management |
MBA in Banking and Insurance Management |
MBA in Events & Media |
MBA in IT and Systems |
– |
Types of MBA Jobs
After completing your MBA programme, you can pursue various jobs based on your preferences, expertise, and skills. These jobs necessitate a substantial level of industry experience and technical knowledge. Here are some of the MBA job types:
Logistics Manager |
Marketing Manager |
Business Operations Manager |
Human Resources Manager |
Purchasing Manager |
Financial Analyst |
Operation Analyst |
Investment Banker |
Management Consultant |
Chief Executive Officer |
Finance Manager |
Product Manager |
Business Intelligence Analyst |
Marketing Director |
Chief Financial Officer |
Medical Director |
Policy Analyst |
Information Technology Director |
Budget Analyst |
Sales Director |
Salary for MBA Specialisations across the World
Exploring the top job profiles and their average salaries globally will help you find the best MBA specialisation:
MBA in Business Analytics
Check out the job profiles in the table outlined below:
Profile |
Salary |
---|---|
Business Systems Analyst |
$60,000-65,000 |
Healthcare Business Analyst |
$80,000-90,000 |
Business Application Analyst |
$70,000-80,000 |
Business and Data Analyst |
$80,000-90,000 |
MBA in Information Technology
Check out the job profiles in the table outlined below:
Profile |
Salary |
---|---|
Information Technology Manager |
$85,000-90,000 |
Solutions Architect Senior Manager |
$80,000-85,000 |
IT Senior Associate |
$70,000-75,000 |
IT Services Manager |
$70,000-75,000 |
MBA in Finance
Check out the job profiles in the table outlined below:
Profile |
Salary |
---|---|
Financial Management Associate |
$85,000-90,000 |
Finance Consulting Manager |
$80,000-85,000 |
Finance Integration & Separation Manager |
$85,000-90,000 |
Leveraged Finance Associate |
$75,000-80,000 |
MBA in Marketing
Check out the job profiles in the table outlined below:
Profile |
Salary |
---|---|
P&L Controller |
$80,000-85,000 |
Business Intelligence Manager |
$70,000-75,000 |
Client Success Specialist |
$70,000-80,000 |
Field Marketing Manager |
$60,000-70,000 |
MBA in Economics
Check out the job profiles in the table outlined below:
Profile |
Salary |
---|---|
Healthcare Economists & Trend Analyst |
$85,000-90,000 |
Economic Analyst |
$70,000-80,000 |
Research Economist |
$75,000-90,000 |
Policy Analyst |
$65,000-75,000 |
Top 10 Jobs after MBA
Selecting the finest MBA specialisation affects your career and life in the long run. MBA in Finance, MBA in Business Analytics, and MBA in Entrepreneurship are regarded as highly paid specialisations in this domain. Nonetheless, the salary of any MBA candidate is based on the interests in earning, skills, and several other considerable factors. Here’s a list of the top 10 jobs after completing an MBA:
Project Manager |
SAP Consultant |
Business Analyst |
Business Intelligence Analyst |
Digital Marketing Manager |
Product Manager |
Business Operations Manager |
HR Manager |
Finance Manager |
Private Equity Associate |
MBA Placements
The popularity of a Master’s in Business Administration as a sought-after post-graduate programme is unparalleled. But, selecting a college or institute marks the stepping stone towards a bright career in future. Listed below is a list of some of the best colleges with the highest CTC offered in 2023:
Name of the IIM |
MBA Average Placement 2023 (in ₹) |
---|---|
Indian Institute of Management, Calcutta |
₹35,07,000/year |
Indian Institute of Management, Bangalore |
₹35,30,000/yearly |
Indian Institute of Management, Ahmedabad |
₹34,36,000/yearly |
Indian Institute of Technology, Bombay |
₹30,35,000/yearly |
S. P. Jain Institute of Management & Research |
₹33,02,000/yearly |
Indian Institute of Management, Kozhikode |
₹31,02,000/yearly |
Indian Institute of Technology, Delhi |
₹25,82,000/yearly |
XLRI – Xavier School of Management |
₹32,70,000/yearly |
Management Development Institute |
₹60,00,000/yearly |
Indian Institute of Technology, Kanpur |
₹45,00,000/yearly |
Top Recruiters for MBA Students
The demand for MBA graduates is high in every sector. As an enterprise develops, the requirement for an expert arises, and there’s heightened demand for MBA graduates. Here are some of the top MNCs that employ MBA graduates:
Amazon |
Goldman Sachs |
|
Microsoft |
Hindustan Unilever |
Boston Consulting Group |
McKinsey & Co. |
Coca Cola Company |
Bain & Co. |
JPMorgan Chase & Co. |
Career Options After MBA – FAQ
What is the next step after MBA?
A Ph. D. in management offered by different IIMs will help you gain a deeper perspective into management. It is an ideal course after MBA, especially for those in the consulting field and those looking for a career in academics.
Is MBA good for future?
An MBA degree is one of the best degrees to do after graduation and this degree has a lot of value in the professional world.An MBA degree also ensures you develop into a good professional having a good personality, confidence, and leadership skills.
Who earns more CA or MBA?
The average salary of a CA is around INR 8.06 LPA while the salary of a MBA Graduate is around INR 4 L – 5 LPA.
What is the Big 4 after MBA?
Deloitte Touche Tohmatsu (Deloitte), PricewaterhouseCoopers (PWC), Ernst & Young (EY), KPMG – the BIG 4 firms and probably the dream for any finance professional. These 4 firms dominate the market when it comes to the finance, consulting and accounting industry.