Career Opportunities after MBA – Complete guide
MBA indeed has become a mainstream degree that most of the graduates decide to opt for. This is because MBA as a degree has opened up a plethora of opportunities to numerous people in various domains. MBA or the master of business administration degree touches upon various aspects of running a business like business strategy, financial management, supply chain management, business ethics, business law, human resources, operations management, strategic management, etc.
In 2021, 91% of employers hired MBA graduates in comparison to 80 % of employers in 2020. Pursuing MBA comes with numerous perks and benefits, and this blog will give you a broad idea about career opportunities after MBA.
Why choose MBA?
- MBA provides a great opportunity to develop the managerial skills
- Graduates of MBA have a wide range of job options to choose from
- It provides a lucrative salary package.
- MBA is a chance to get a promotion or even a change in the work profile
- It adds great value to the resume and CV
- MBA induces leadership skills and will aid an individual’s entrepreneurial journey.
Requirements to pursue MBA
To enroll in MBA, the graduates should have passed SSLC and HSC and hold a UG degree with any background. The aggregate pass percentage for all the following is 50%. Few colleges require a CAT and GMAT score as well.
Different MBA Specializations
Top MBA colleges in India offer courses that are wide-ranging and provide a spectrum of opportunities in the area of business. Some of the most popular specializations for the MBA degree include management, finance, and marketing. To explain in detail we have written a blog on popular MBA specializations, Click on the link to read List of popular MBA Specializations- Which One to Choose
Career Opportunities After MBA
Since MBA touches upon various domains, the graduates can get to work in various fields.
1. Business Development Executive
A business development executive is responsible for growing and expanding the business. A business development executive solely works on pitching to the clients and generating leads and conversions. Business development executives work on finding strategies that work the best in acquiring clients and leads for the organization. Business development executives work on sales goals, concentrate on the deliverables of the organization and prepare a streamlined plan for organization and the client.
2. Marketing Manager
Marketing managers form the marketing plan of the organization or company, aiding them to reach the target market. To gain better visibility and reach among the customers and potential customers, marketing managers rightly plan and formulate marketing strategies. Marketing managers work on traditional marketing, advertisements, online marketing, print media, and more. Marketing managers need to have good organizational skills as well as creativity. Marketing managers work towards increasing the brand awareness, brand visibility and to retain customers.
3. Human Resource Manager
Human resource managers are responsible for maintaining the well being of the employees in the organization. Human resource managers are also involved in hiring the right people for the organization. Human resource managers are involved in the interview and hiring process, maintaining the welfare of employees, formulating new policies, working on improving productivity and more.
4. Sales Manager
Sales Managers are involved in managing the overall sales aspect of the business. Sales managers are responsible for deriving better and quality sales. They carry out strategies that will help figure out forecasted revenues and also hit their target sales. For enabling good sales and making dealerships, sales managers are responsible in every field.
5. Financial Analyst
Financial analysts do a great deal in a firm. They are responsible for managing all the financial aspects of the business. Financial analysts are responsible for various aspects of a business like wealth management, equity research, investment banking, portfolio management, and much more. Financial analysts provide the right idea about making decisions on the expenditure and return of investments in a company. Those wondering about career opportunities after MBA need to know that financial analysts have a great scope.
6. Relationship Manager
Relationship managers play a pivotal role in maintaining the relationship and cordiality between the management of the company and the clients. They are involved in forming the framework for a streamlined understanding of services, formulation of objectives, right conduct of ethics and more. Relationship managers are also involved in maintaining the relationship and contact between different departments of the organization and their service to customer concerns.
7. Account Manager
Account managers take care of the financial and representation part of a business. They are responsible for taking care of the sales and service rates between the client and customers. Account manager is also responsible for overall account management for the company and its employees.
8. Management consultants
Management consultants are involved in addressing concerns in an organization and producing value for business performance. Business consultants form objectives to help the organisations build upon a set of skills and entities that can improve the productivity and return on investment. Management consultants are involved in different domains of a business like forming a business strategy, enabling supply chain management, financial control, marketing strategies and much more.
9. Operations Manager
Operations manager is responsible for managing the overall business operations. Operations manager are concerned with enhancing the efficiency of a business by ensuring that there is a smooth flow of goods and services. Operations managers are also involved in maintaining the equilibrium of the business. Cost-cutting and avoiding wastage of resources is something operations managers do.
10. Project Manager
Project managers can work in any domain and department of a company. They are involved in managing the ongoing project of the business. The project can be a short term or long term project. The project manager basically plans, organizes and directs the project and makes sure that the end goal or output of the project is reached. Project managers also make sure that the project funds, employees and other resources are intact in the project.
11. Investment Banker
Investment bankers are those who specialize in finance and are know to offer effective services like capital raising, boosting return of investments, mergers and acquisitions, and facing any other financial challenges. Investment bankers also help a great deal in trading, wealth management, asset management and more.
12. Business Analyst
Business analysts are involved in understanding the process of a business and its happening. They carryout a thorough research to understand the phase of the business. Later they formulate strategies to improve the efficiency of the business. Business analysts put together a combination of technical and managerial skills to produce better output for a business.
The above are a few of the career opportunities after MBA. An MBA has been a path breaker and a game-changer for numerous people. If you are an MBA aspirant, be willing to learn, explore and strive; success will knock your way. If there are any suggestions or queries, let us know in the comments.