A degree in MBA or Masters in Business Administration is the preferred career choice for many aspirants. However, before pursuing an MBA, it is always advisable for students to ask questions about why they should pursue an MBA degree and the career opportunities after MBA.
The beauty of an MBA as a curriculum is extremely versatile. You can apply to different career paths and shape a successful future. An MBA program can be a valuable degree if you pursue a career in the business field.
This program teaches the students with valuable business skills and enhances their credibility. Having an MBA degree also boosts your earning potential. In this blog, we will discuss the reasons to choose a career in MBA, the future scope after an MBA in India, the top 10 career opportunities after an MBA, and some of the top recruiters. Read to know more.
Why Choose MBA as a Career?
Here are some of the top reasons why you can choose an MBA as a career:
1. Develop flexible management skills
MBA as a full-time course can help improve your leadership and people management skills. It also makes you come out of your comfort zone and explore the latest global business trends. You can also apply the latest management tools and techniques and challenge yourself to improvise your business and team productivity.
2. Maximize earning potential
Earning a full-time MBA degree from a reputed MBA college takes a lot of hard work and dedication. Once you are a part of the industry, you realize the potential of the course when you start earning. An MBA graduate has great earning potential, as it increases with the number of years, skills, and experience.
3. Better career opportunities
An MBA program is extremely diverse and has several core areas. This includes Statistics, Human Resources, Technology and Information systems, Finance, and Economics. Pursuing an MBA course allows a candidate to explore career options after MBA in multiple business sectors and areas. This means getting exposure to a wide range of career opportunities.
4. Ideal course for business networking
Business schools offer a great base for MBA graduates to meet new people and set up their networks. The types of people that one can meet while studying their MBA program include keynote speakers, recruiters, old-school business people, managing directors, new startup entrepreneurs, and the list. By creating a network of budding entrepreneurs, you can develop the latest ideas to boost your business growth.
What is the MBA Future Scope in India?
For more than three decades, MBA course has been in huge demand in India. In recent times the inclining need from the industrial world has increased the demand for MBA programs. More and more students are enrolling themselves in the MBA program to make it big in their careers.
This professional program drives lucrative job opportunities that one might be dreaming about. Here is a list of the future MBA scope in India:
- Great earning
- Opportunities in different domains
- Distinctive job profiles
- A potential tool for higher studies
- Job security
Top 10 Career Opportunities You Can Aim After MBA Degree
Here are some of the top 10 MBA job opportunities in India that one can look for after their MBA degree:
1. Operation Analyst
An Operation Analyst works with different departments within a particular company to improve operations. Their job responsibility includes helping managers optimize the fund and resource allocation, create efficient production schedules and effectively manage the supply chain. The average salary for an Operation Analyst is ₹34,642 per month.
2. Investment Banker
An Investment Banker is responsible for the financial processes related to investment ventures. Their main duties include:
- Selling equity in companies.
- Issuing debts.
- Helping clients with acquisitions and mergers.
- Advising different investment opportunities.
The MBA starting salary in India per month is around Rs. 2,24,000 to Rs. 4,24,000 per annum. However, an Investment Banker earns an average salary of ₹42,090 per month.
3. Business Consultant
Business Consultants are also known as Management Consultants or Management Analysts who offer professional expertise to various companies that face problems in adopting new procedures. Their main job responsibilities are to improvise the profitability and efficiency of a particular business while planning for long-term changes. A business consultant earns around ₹43,586 per month.
4. Project Manager
A Project Manager’s main responsibility is to oversee client projects. They are also responsible for updating the stakeholders on the progress with regular reporting and ensuring that the supplies and materials are in hand and sufficient. A project manager roughly earns ₹46,339 per month.
5. Finance Manager
A Finance Manager manages the complete financial health of a company and ensures that it remains profitable. They are responsible for determining various financial strategies and goals for the organization, advising the executives on different ways to improvise profits, and staying informed about the company’s financial status. A Finance Manager gets a salary of ₹49,231 per month.
6. SAP Consultant
The SAP Consultants help businesses locate and implement software that is ideal for their requirements. They also need to optimize and assess the computer system and software of their employer or client to meet specific operational needs and identify the areas of improvisation. The SAP Consultants earn around ₹58,391 per month.
7. Business Intelligence Analyst
The primary duty of a Business Intelligence Analyst is to utilize software and other tools for collecting data from a company. They analyze this data along with the current industry trends and determine the performance of a company as compared to its competitors. The salary of a Business Intelligence Analyst is ₹60,925 per month.
8. Product Manager
A Product Manager’s primary role is to coordinate with Development, Finance, and Marketing teams in creating new products. They are also responsible for producing products under budget and on time. They handle various marketing strategies and decide what features a particular product should have. They receive ₹60,961 as their salary per month.
9. Chief Technology Officer
A CTO or a Chief Technology Officer is an executive responsible for the technological requirements of a particular company. Their primary duty is to make decisions related to the implementation of technology in a certain workplace. They also devise strategies for tech platforms and hire staff to handle technological issues. The average salary of a CTO is ₹70,568 per month.
10. Chief Financial Officer
A CFO or Chief Financial Officer is responsible for looking after the long-term financial goals of a company. Their main job is to work with other senior managers to obtain funding from various investors. They also ensure that their financial report is accurate and timely. The average salary of a CFO is ₹72,868 per month.
Read More: 7 Best Industries to Work After MBA in India
Top Recruiters for MBA Graduates
The top leading recruiters of MBA graduates include top multi-national companies:
- Morgan Stanley
- AT Kearney
- JP Morgan
The Master in Business Administration or MBA has proven incredibly rewarding for many aspirants. An MBA graduate’s salary in India is extremely well off. A graduate with an MBA degree cannot only find a fulfilling job but can also boost their earning potential with each passing year. Pursuing an MBA is a perfect choice for those who do not want to settle for an average but an extraordinary career.
Get started with NIET’s world-class MBA program today.
The MBA program aims to offer inputs to the students relevant to business and trade so that they can efficiently function in different organizations. The MBA program at NIET encourages the students to become competent professionals with an innovative mindset and a sound understanding of various fundamental management concepts for decision making and critical thinking.
If you want to cultivate your entrepreneurial and business spirit, then come and get ready to become the next generation industry professional by joining the 2-year full-time MBA program of NIET. Explore the course details here- https://www.niet.co.in/mba-programmes.php
Also read: Top 10 Reasons to Join NIET Institute for Successful Career Path