8 Best Jobs After MBA in India: Career Scope and Salary
Admin 29 Dec, 2023 MBA Career Options:
A Master of Business Administration (MBA) is a promising certification preferred by graduates looking to gain a business degree. It teaches all students the necessary technical, managerial, and management skills to earn MBA jobs. Earning an MBA degree offers you valuable business insight, expands your professional network, and creates new opportunities. Jobs after MBA are always a great learning experience that is also rewarding financially.
It�s a life-changing experience to equip students for their following jobs in the public, private, and government sectors and C-suite positions at large corporations. It opens the doors to MBA career options
In various sectors in the corporate world, including Finance, Marketing, Human Resources, Product management, etc. The jobs after MBA�s salary from a great B-school could range between 15-30 lakhs per annum. You must be wondering which MBA jobs could be the best option, so this article will clear all your doubts!
Why choose MBA as a career?
There can be numerous thoughts and mindsets for pursuing a career in MBA. Before thinking about the MBA career options and professional prospects, it is always better to examine and know the purpose of seeking an MBA course.
- MBA career options offer extensive scope for professional improvement and competencies.
- Jobs after MBA have some of the highest salaries and the best growth opportunities in the business world.
- MBA career options enhance professional and personal growth and adds brand value to oneself.
- Jobs after MBA allow you to network with the best in the market.
MBA job opportunities in India
MBA graduates can find a place in every industry, from healthcare to finance - with enormous possible career options. Sometimes it can also be overwhelming for students to narrow down their ideal roles. And also, knowing what you want to do after MBA can also be an important deciding factor to choose your choice of business school and MBA specialization.
Some of the top MBA jobs include:
Investment Banker
Investment banking as a profession is one of the top choices for a career after an MBA. The employee has to connect investors to fund-needing organizations. The employee must have the caliber to analyze what fits best for the client. The position is advantageous, not just in terms of salary and career trajectory but also in the impact created.
An MBA with a Finance specialization can be advantageous to secure a role in this industry. Certification courses like CMA and CFA can further increase the value of an individual.
Recruiters for investment bankers include HDFC, ICICI, Axis Bank, and global institutions like JP Morgan, Goldman Sachs, and Citi. An investment banker gets an attractive package of around 25-30 Lakhs per annum.
Management Consulting
If problem-solving enthralls you, then this job is best for you. The consultant has to make an objective assessment of the situation and formulate the appropriate strategy to overcome and drive the future growth of the organization.
A management consultant specifically solves organizational issues while embracing fresh ideas and new problem-solving methods.
Organizations that hire MBA jobs like management consulting include Cognizant Business Consulting, Bain (BCC), KPMG, PwC, Infosys Management Consulting, Michael Page, Deloitte, PeopleStrong, Cartesian Consulting, and Kearney.
Rapid career progress, the chance to travel, and the opportunity to network with business leaders are just additional perks. Their salary is usually between 25-30 lakhs per annum. It is the most in-demand job after MBA.
Marketing Manager
A marketing manager should be a person with good communication skills, outgoing, and an open approach to ideas and opinions from people. Marketing managers have to conduct market research, analyze competition, and study consumer behavior to develop a marketing strategy to increase brand awareness, customer acquisition, and retention and eventually drive revenue growth.
Marketing managers are also often involved in decisions regarding product, pricing, and sales channels. FMCG, retail, and technology firms are the primary recruiters, and their salaries range between 20-25 lakhs per annum. It can be one of the best MBA career options.
Entrepreneur
Being a fresh aspirant or a professional, moving ahead in your career can become a little easy when you have an MBA degree in your kitty, and being an entrepreneur is one of them. Apart from MBA jobs, entrepreneurs are shaping the world today.
Students learn the correct business ethics, networking, and leadership skills while developing core competencies in accounting, marketing, and licensing after pursuing an MBA. One can start their own business or even become a business consultant to do meaningful work that you really enjoy!
Product Manager
The rapid growth of technology in huge companies has developed innovative and customized products at high frequency. This change has transformed the role of a product manager and made it one of the hottest MBA jobs in the 21st century.
Product managers need to have a great strategic sense, problem-solving ability, entrepreneurial thinking, and practical communication skills to take complete ownership of a product's lifecycle, from design to delivery.
The best part of working as a PM is that they get to work with cross-functional teams. For example, they may need to work with the engineering team to develop and test the product or even the marketing and sales team to understand the market requirements and competitive landscape and devise a marketing and distribution roadmap. This could also include collaborating with the customer support team to get feedback that could be used for improving the product. Product management jobs after MBA are extremely lucrative.
Data Analytics
A digital revolution has resulted in the massive importance of data and its analysis. If you have expertise in survey software, data analytics, and visualization skills, you are in for a treat for your MBA jobs. You will be a good fit for all kinds of commercial enterprises: banking, retail, e-commerce, or management. Companies like Fractal Analytics and Latent View Analytics hire MBA graduates as data scientists or data analysts if you pursue an MBA in Business Analytics. It is one of the best MBA career options in the industry.
Human Resource
Human resource managers are responsible for the essential part of any organization - the people that build the company. After completing an MBA degree with a specialization in HR, one can join a firm in any sector, including manufacturing, service, IT/BPO, or consulting. Common MBA jobs in Human Resources graduates can either join as generalists (those who handle multiple areas in the HR division) or specialists, where they focus on one aspect.
They take charge of talent acquisition and recruitment, career development programs, compensation, organizational culture, employee grievances, industrial relations, etc. The average salary of human resource managers falls between 15 to 20 lakh per annum. It is a solid MBA career option!
Private Equity and Venture capital
The finance industry is very lucrative. Apart from investment banking, MBA jobs in sectors such as private Equity are tremendous. Here the employees lead investment opportunities in private companies; venture capital, where they help identify and invest in high potential start-ups; and investment management, where they manage portfolios consisting of multiple financial assets. Finding PE jobs after MBA is one of the best opportunities that you can get!
The high compensation in these job profiles can be one of the major reasons for the attractiveness of this industry. Companies that recruit are Religare, Magma Fincorp, DE Shaw, Indiabulls Housing Finance, Kotak Life, Angel Broking, ICICI Prudential Asset Management, Bajaj Finserv, Kotak Wealth Management, JPMorgan Chase, Axis Securities, Fidelity Investments, Fullerton, etc.
FAQs
1. Does MBA fetch me jobs abroad?
Yes, MBA career options are vast. With relevant experience and eligibility you get global job opportunities abroad in the Big 4 or top firms like Accenture, Infosys, etc.2. What is the best way to get a high-paying job abroad applying from India?
One of the best ways to get a job abroad while applying from India is to get Internationally recognized certifications in Finance and Management. This includes CMA, CPA, ACCA, CIA, and CFA. Completing such certifications can give you an extra added advantage over your peers and allow you to get higher-paying jobs.3. Which country is the best to work in finance?
There is no single country that is best for finance. But these are the top counties where you can get awesome jobs with high pay and global exposure.
- Dubai, United Arab Emirates.
- Frankfurt, Germany.
- Hong Kong, China.
- London, England.
- New York, USA.
- San Francisco, California, USA
- Tokyo, Japan.
- Zurich, Switzerland.
4. How do I get a bank job in a foreign country?
To get a job in a foreign country, you could pursue an MBA in Finance or International Business or Diploma in Banking. Globally recognized financial certifications like Chartered Financial Analyst (CFA), and Financial Risk Management (FRM) could be another way to get such jobs. You should also update your LinkedIn profile and network with people to stay up to date with job opportunities and other guidance tips.Conclusion
MBA job opportunities in India after a coveted B-School can be the best way to grow in your career. These two years can be the building blocks to roles in top companies, doing meaningful work while earning high salaries. Jobs after MBA are only a part of the experience, but the best days include meeting different people, sharing stories, and culture, and learning so much every day. We, at NorthStar Academy, hope that you have a great time in your MBA journey.