8,000+
Students Trained & Placed
1,00,000+
Sq.Ft.of training area
45,000+
Worldwide Alumni Network
7
Kitchen Training Facility
₹ 60 Lakhs
UP to Scholarships
100%
Placement Assistance
International & National Internships only at 5-star Properties
One to One Corporate Mentorship
An Entrepreneurial Culture at the Campus
Dignified with Rankings
Amongst India's most promising Hotel Management Institute by Higher Education Review 2022
Ranked Top Hotel Management Institute awarded by Times Education Icon 2022
Quality Education, Outstanding Administration & Leading Infrastructure by Educational Excellence Awards & Conference 2021
Outstanding Performance in Virtual Knowledge Delivery During Pandemic by Educational Excellence Awards & Conference 2021
This guide simplifies the basics of an MBA, offering insights into entry requirements, job prospects, and more for a clearer understanding of the business administration landscape.
An MBA is more than a degree; it's an entry point into the professional world. An essential question arises as you navigate business and management specialisations such as finance, marketing, and human resources: What lies ahead in jobs after MBA, and What career paths are compatible with your chosen specialisation?
Upon completing your master's degree, you will have various professional options. By 2024, this transformative degree will open doors to multiple landscapes and offer exciting MBA job opportunities that are both interesting and rewarding. Let's explore the fascinating professional opportunities ahead of you on this life-changing path after MBA.
Also Read - Complete Guide for MBA Courses in India 2024
Why Choose an MBA?
Choosing an MBA means unlocking higher earnings, diverse job prospects, and valuable professional connections. It sets you apart in the job market and opens doors to entrepreneurial opportunities.
- Better Job Opportunities: Having an MBA increases your eligibility for more future work prospects, making you a desirable candidate in the job market.
- Career Transition: An MBA allows you to shift away from technical fields, enabling you to explore and excel in diverse job profiles.
- Networking Advantage: Networking Advantage: Connect with a dynamic network of batchmates and alumni, fostering valuable professional relationships that can contribute to future jobs after MBA.
- Salary Increment: An MBA opens doors to higher earning potential, with professionals often experiencing significant salary increments.
- Resume Differentiation: The MBA credential sets you apart in the competitive job market, making your resume stand out to employers seeking well-rounded and skilled individuals.
- Entrepreneurial Opportunities: An MBA gives you the information and abilities to launch and run your company, fulfilling your entrepreneurial aspirations.
Top Careers Options After MBA
MBA graduates are highly sought after in industries like banking, finance, consulting, marketing, manufacturing, and technology, with various in-demand job titles waiting for them, presenting a myriad of options for careers after an MBA. Here is the list of jobs after MBA:
1. Product Manager
- Responsible for the development, strategy, and success of a product throughout its lifecycle, a Product Manager is crucial for bringing innovative products to the market.
- Average Salary: 24 to 25 LPA
2. HR Manager
- An HR Manager plays a pivotal role in overseeing and optimising the organisation's human capital.
- Average Salary: 12 LPA
3. Business Analyst
- A key player in understanding and documenting business processes and systems within an organisation.
- Average Salary: 9 to 10 LPA
4. Investment Banker
- Positioned in financial institutions, Investment Bankers specialise in providing financial advisory services and raising capital for corporations.
- Average Salary: 5 LPA
5. Chief Financial Officer (CFO)
- As a high-level executive, the CFO manages an organisation's financial actions, strategies, and operations, contributing significantly to its financial health.
- Average Salary: 47 LPA
6. Management Consulting
- Engage in advisory services to enhance organisational performance, address challenges, and achieve objectives through effective management consulting.
- Average Salary: 7 LPA
7. Project Manager
- They take charge of planning, executing, and supervising projects to ensure seamless implementation and successful outcomes within the organisation.
- Average Salary: 19 LPA
8. Marketing Manager
- A Marketing Manager plans and executes strategies to promote a company's products, services, or brand, enhancing its market presence.
- Average Salary: 12 to 13 LPA
9. Sales Manager
- The sales manager leads and manages the team of sales representatives or an entire sales department, overseeing sales strategies to drive growth and success.
- Average Salary: 6 to 7 LPA
Each role has unique challenges and rewards, contributing to a diverse and dynamic business landscape and offering many opportunities and career options after an MBA.
MBA Scope In India
With diverse specialisations, MBA job opportunities are vast in different sectors. This versatile degree allows students to work across industries, providing the flexibility to switch sectors as desired. Discover the extensive possibilities and career options after an MBA in this broad landscape. In-demand sectors for MBA graduates include:
- Banking and Financial Institutions: MBA graduates find roles in banking and financial institutions, including financial analyst, credit & risk manager, and marketing & sales manager.
- Hospitality Sector: MBA graduates can secure roles like general manager, director of sales, marketing manager, and management consultant with expertise in the hospitality sector.
- Retail and Corporate Sector: In the retail and corporate sector, various MBA job opportunities await MBA graduates, such as store manager, category manager, store technology manager, and store marketing manager.
- Media Sector: Abundant opportunities exist for MBA graduates in both private and government sectors within the media industry. One can explore roles such as media executive, digital advertising expert, channel head, and TV producer in print, broadcast, and internet media.
- Education Sector: While education may seem confined, MBA graduates discover ample opportunities. Roles like education policy manager, education technology manager, and director of teacher recruitment are available.
- Manufacturing Sector: In response to a shortage of industrial engineers, companies turn to MBAs. When hiring for roles such as purchase and project managers, they seek expertise in data analysis and supply chain management.
- Information Technology: MBA graduates can take up roles like project managers, analytics managers, systems managers, IT managers, and data processing managers in this industry.
- Management Consulting: Consulting firms seek top management talent to address organisational issues, foster innovative ideas, and implement new problem-solving methods.
- Entrepreneurship: MBA graduates often aspire to start their ventures or secure respected positions in established firms, overseeing business operations, financial management, information security, etc.
Average Salary Based on Job Position
Choosing the right MBA specialisation can have a lasting impact on your career and financial prospects. In India, certain MBA specialisations tend to offer higher salaries, considering factors like skills, interest, and market demand. Here are some of the well-paying MBA specialisations:
- MBA Business Analytics - INR 5 to 6 LPA
- MBA Finance - INR 7.2 LPA
- MBA Marketing - INR 7 to 8 LPA
- MBA Human Resources Management - INR 6.3 LPA
- MBA Operations Management - INR 8 to 9 LPA
- MBA Management Consultant - INR 11 to 12 LPA
- MBA Information Technology - INR 12 LPA
- MBA Entrepreneurship - INR 5 LPA
- MBA International Business - INR 8.2 LPA
- MBA Data Analytics - INR 4 to 5 LPA
Top Recruiters for MBA Students
MBA graduates are in high demand across various sectors, and top multinational companies are actively seeking professionals. As you consider what to do after MBA, some renowned companies offer a plethora of job opportunities, ensuring a promising career path. Here's a glimpse of the top recruiters for MBA students, providing excellent prospects for a successful career after MBA:
Top Multinational Companies:
- Microsoft
- Amazon
- Hindustan Unilever
- McKinsey & Co.
- JP Morgan Chase & Co.
- Bain & Co.
- Goldman Sachs
- Coca-Cola Company
- Boston Consulting Group
Top Indian Companies:
- Tata Administrative Services
- Asian Paints
- Aditya Birla Group
- ITC
- Flipkart
How To Get a Job After MBA
Navigating the job after MBA may be challenging, but with a proactive approach, continuous improvement, and strategic networking, you can enhance your prospects for a fulfilling career. To increase your chances and pave the way for a successful career after an MBA, consider these tips:
- Skill Enhancement:
Sharpen your skills continuously. Being informed makes you seem more credible in interviews and guarantees that you're prepared for any opportunity that might come up. Regular practice is vital in developing and showcasing these abilities.
- Craft an Impressive Resume:
Differentiate yourself from the crowd with a creatively crafted and well-presented resume. You can find online samples or seek assistance from a professional writing agency to ensure your resume stands out.
- Network Building:
Joining your college alumni can provide valuable insights into job vacancies, interview techniques, and other essential aspects of your chosen field, contributing to a successful career after an MBA.
- Explore Diverse Industries:
While specialising in a particular domain, be open to exploring different industries. An MBA opens doors to various finance, marketing, and human resource management sectors. If unsatisfied, consider switching fields to find the right fit for your career.
- Seek Relevant Internships:
Look for internships aligned with your career goals. Quality internships provide valuable experience and can open doors to better opportunities.
- Stay Updated and Interview-Ready:
Stay ahead by keeping up with industry trends and market dynamics. Being informed makes you seem more credible in interviews and guarantees that you're prepared for any opportunity that might come up.
Future after MBA
Life after completing an MBA program often brings increased happiness and satisfaction. Opting for an MBA in a rapidly growing field, such as the one offered at ITM Institute, can significantly enhance career growth, providing diverse technical and soft skills. The key to a fulfilling after MBA life lies in choosing a path aligned with your passion and long-term goals.
As you explore jobs after MBA, numerous possibilities unfold for your career. After completing your MBA, you may wonder about the next steps and available career options. The vast array of MBA job opportunities spans various industries, reflecting the comprehensive education provided by certain institutions like ITM Business School. Choosing the right career after an MBA depends on your interests and aspirations, ensuring a fulfilling and successful journey.
Also Read - Courses after BBA: List of Courses, Career Options and Scope 2024
FAQs
- What is the minimum qualification required to pursue an MBA?
To pursue an MBA, you need a minimum of a 2-year Bachelor's degree from any field granted by a recognised board or university.
- What is the average salary of a fresher with an MBA in India?
An MBA student in India usually makes ₹44,000 per month with an extra ₹24,000 in cash compensation.
- What kinds of sectors hire MBA graduates in India?
MBA graduates in India are hired in sectors like Retail, Corporate, Banking, Media, Hospitality, and Education.
- Which cities are the best for MBA graduates in India?
Ideal cities for MBA graduates in India include Gurgaon, Bangalore, Mumbai, Delhi, Pune, Chennai, etc.
- How can I get a job after completing my MBA course?
To secure a job after completing your MBA:
- Join the alumni network.
- Build an impressive resume.
- Pursue internships.
- Explore different industries.
- Prepare for mock interviews.
- Who can pursue an MBA?
Anyone with a graduate degree under the 10+2+3 or 10+2+4 pattern in any discipline, securing at least 50% aggregate marks from a recognised university, can pursue an MBA.
- Why should I get a specialised MBA over a general MBA?
A specialised MBA sharpens your subject-specific knowledge, making it valuable if you're sure about your field or have relevant experience, giving a head start to your career.
- What are some pros and cons associated with pursuing a general (non-specialised) MBA program?
Some pros and cons associated with pursuing a general MBA are:
Pros:
- Gain holistic knowledge in various management disciplines.
- There is no need to commit to a specific field or subject.
- Skills acquired are relevant across industries.
Cons:
- Longer duration to complete.
- Potentially higher costs compared to specialised alternatives.
- It is ideal for those uncertain about their desired field.
Dignified with Rankings
Amongst India's most promising Hotel Management Institute by Higher Education Review 2021
Ranked Top Hotel Management Institute awarded by Times Education Icon 2022
Quality Education, Outstanding Administration & Leading Infrastructure by Educational Excellence Awards & Conference 2021
