Master in Business Administration (MBA) graduates have been highly in demand for a while now, and this demand is only increasing with time. Huge multinational companies approach top B‑schools and offer job opportunities in India for their graduates.
This is one of the main reasons why many students opt for pursuing an MBA. It provides incredible job opportunities for freshers. And not only in India but an MBA degree might open the door to job opportunities abroad as well.
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An MBA program offers a variety of specialization. There is no set parameter based on which students might choose their specialty. Every specialty has an astounding collection of opportunities and learnings that will prove to be beneficial in the long run. Here is a list of specialties that the course of MBA offers:
Each of these MBA courses offers an ample amount of job opportunities for freshers in India as well as abroad. Let’s take a look at what they have to offer:
MBA in Finance is the most popular among students. Be it the high paying salary or the fact that finance is a requirement in every industry, an MBA in finance is the top choice of most MBA students. However, make no mistake, finance is not an easy specialty.
Jobs after MBA in finance involve handling the investments of a company. Besides, no company can run without finances. There are plenty of decisions to be made in terms of cost and spending. And you will be put in charge of such decisions.
Mainly, an MBA in finance will open job opportunities in banks, financial institutions, and consultancies. To be more specific, you can enter opportunities in cooperate finance, investment banking, international finance, merchant banking, etc.
Besides these options, you also have an opportunity to provide consultation services to the government as well as private organizations. In order to demonstrate all these skills, you need to have good communication skills. Learn in detail how to improve communication skills here.
Here are a few examples of the possible job opportunities after MBA in finance:
Marketing is the core essence of any business. If you can’t market your products or services, your business cannot thrive in such a competitive environment. Therefore, it is obvious why marketing is also one of the more popular specialties of an MBA.
Students prefer to go in this field because just like finance has a wide scope, marketing is also a part of every business. As an employee of the marketing department, it is your responsibility to bring in new clients, grow the company’s revenue as well as its market share and bring development on a large scale.
An MBA in marketing provides job opportunities in a variety of sectors. Whether your passion is in market research, advertising, media or sales, marketing exists in every industry.
Here is a list of the most popular job opportunities after MBA in Marketing:
As the name suggests, Human Resources (HR) deals in the most essential resource of a company; its employees. An MBA in HR aims to grant you the knowledge and ability to handle employee-related work of a company. For example, employee compensations, payroll, recruitment, training & development, performance reviews, etc. Apart from these functionalities, HR is also responsible to manage the relations between employees and management. Therefore, they have to ensure a healthy work environment exists for all.
Here is a list of job opportunities after MBA in HR:
Gaining knowledge about Operations Management will grant you immense benefits. This is mainly because of one reason, an operations manager single-handedly oversees the manufacturing system of an organization. Working in operations you have to ensure the efficiency of the company’s resources as well as get optimum results. In the operations department, you can work with product design, manufacturing, quality control, supply chain management, etc.
An MBA in Operations will give you knowledge about how to turn input into output efficiently. Therefore, your decision-making skills need to be strategic in nature. There are various job opportunities for MBA Operations graduates. Such as,
Technology has evolved as a crucial part of every business domain and industry. As a result, there is a need for employees who are proficient to work with technology and generate profitable results for the company. Therefore, MBA specialization in IT has immense job opportunities. It opens up a career path for students to work in IT companies, software companies, and other domains.
Because of the shift towards e‑commerce, there is a requirement of an IT expert in every industry. Additionally, IT professionals design and create the software as well as hardware for an organization.
Above all, IT professionals have the widest range in terms of career scope. Because with the advancement of technology settling into the corporate world, there is a requirement for them everywhere. Here is a list of possible job opportunities after MBA in operations:
An MBA in Entrepreneurship has the primary concentration in Entrepreneurship. This specialization focuses on topics related to entrepreneurship, such as venture capital and small business management, etc.
This multidisciplinary area of concentration is designed to prepare graduates to start their own business, knowing everything from how to write a real-world business plan, to how to manage a business at the international level. Students learn through a variety of sources like — traditional classes, case studies, project-based assignments, etc. They even create a business plan in their classes.
An MBA in Entrepreneurship will open up opportunities in the following sectors:
Due to the increasing demand for MBA graduates, more and more colleges, as well as universities in India, have started providing MBA courses. However, there are top colleges that are famous for their MBA programs for decades. They have held the honor of presenting students who are not only powerful in their knowledge base but also have an exceptional skill set.
Here is a list of the top ten Indian universities and other educational institutions that provide the best MBA programs as well as job opportunities:
One of the primary reasons why youngsters chase an MBA degree is because of the amazing paycheck they get with this degree. This is especially true if you graduate from the top B‑Schools in India. These institutes are visited by thousands of MNCs annually to offer jobs to their fresh graduates.
However, the salary that is ultimately offered to the students depends heavily on many factors. For instance, the specialization that is chosen, the company for which they interview, the job role, etc. Of course, the most important factor is the candidate himself.
It is entirely up to them how well they perform during their interview. However, on average, the salary packages offered to MBA graduates in top B‑schools start around 20–22 LPA.
Even though an MBA is the most sought after degree in India, getting job opportunities abroad is not that simple. This is mainly because every country has its own set of rules that one must follow. Getting a job abroad can be tricky, especially if you lack experience.
Many companies demand a minimum of 2 years of experience before a candidate can even apply for a job. Therefore, there are a few tips that you must keep in mind if you are thinking of finding a job abroad.
The most important thing to remember is that your subject knowledge is key. You must familiarize yourself with your subject matter in a way that it gets inbuilt in your system. Fundamental knowledge in your field is the most obvious thing an employer will examine before even considering you as a potential addition to their company.
In some cases, working in MNCs also provides various opportunities to go abroad. It could be related to a project, or essentially if you perform well it could also be a promotion. But such cases are applicable to senior employees.
In contrast, you can consider going to consultancies because they have the expertise as well as tie-ups with many countries. As a result, they can help you in locating the perfect opportunity that is suitable especially for you.