Does MBA Career Pay Well?
One of the most compelling reasons for pursuing an MBA is the boost it provides to one’s career. MBA students’ development throughout their stay at the Best MBA colleges in Delhi makes them a highly appealing prospect for organizations looking for talent with acute business acumen and leadership qualities to help drive future growth. MBA graduates work in various fields, including healthcare and finance. With so many employment opportunities following an MBA, students may need help narrowing down their desired roles. Furthermore, knowing what you want to do after your MBA might help you narrow your options for the Best MBA colleges in Delhi and MBA specializations. To assist you, we will discuss this.
Jobs after MBA: Human Resource Management
Human Resource managers are in charge of the most important aspect of any company: the personnel. They oversee talent acquisition and recruitment, training and career development, salary and benefits, company culture, workplace policies, and compliance, employee grievances, and labor relations. MBA in Human Resources graduates can work as generalists (managing various aspects of human resource management) or specialists (focusing on a single component). Human Resource managers earn an average starting MBA salary of 15 to 20 lakh annually.
Although marketing has always been one of the most important aspects of a company, its importance has only grown in recent years as competition has increased and firms seek new and creative methods to differentiate themselves. Marketing managers are in charge of conducting market research, analyzing competition, and studying consumer behavior to develop an effective marketing plan that will raise brand awareness, attract new consumers, retain existing ones, and ultimately generate revenue growth. MBA students, particularly those pursuing an MBA in Marketing, are well-equipped to tackle all the above jobs due to their academic and practical learning. Because all businesses require marketing managers, students have a wide range of possibilities to pick from. The primary recruiters, however, are FMCG, retail, and IT companies. The average annual wage would be between Rs. 20 and Rs. 25 lahks, with students from top business schools or those with prior experience requesting as much as Rs. 30 lahks.
Jobs after MBA: Product Management
Product Management used to be regarded as a part of the marketing role for FMCG and manufacturing organizations, and it was more concerned with product pricing, positioning, and promotion than with actual product creation. MBA graduates are outstanding candidates for product managers since they have great strategic awareness, problem-solving ability, entrepreneurial thinking, and effective communication abilities. E-commerce (for example – Flipkart, Udaan), mobility services (for example – Ola, Uber), financial technology (for example – Paytm), educational technology (for example – Byju’s), and food delivery (for example – Zomato, Swiggy) companies aggressively hire MBA students as product managers. Even FMCG and industrial products firms, however, hire for this position. Product managers get good money, with annual wages averaging around Rs. 25 lakh.
Jobs after MBA: Program Management and Project Management
Project managers are in charge of the entire project’s execution, including developing an execution strategy, setting project goals, establishing KPIs, allocating resources, staying under budget, and fulfilling deadlines. Program managers work at a higher level, overseeing several interdependent initiatives that help their organization achieve its overall strategic goals.
MBA graduates are excellent candidates for project or program management positions since they possess the necessary managerial skills. They are also well compensated, with an average annual income of between Rs. 20 and Rs. 25 lakh. Corporations from numerous industries could be potential recruiters, while technology companies are frequently at the forefront.
Jobs after MBA: Business Development
Business Development managers are responsible for assisting their companies in growing. This could be accomplished by recruiting new clients, expanding into new markets, developing new alliances, or discovering new sales channels. You must have strong commercial and operational acumen, as well as great leadership and relationship management skills, for this position. MBA graduates interested in this career can expect to earn between Rs 20 and Rs 25 lakh per year on average.
Jobs after MBA: Investment Banking
One of the most popular post-MBA employment options is investment banking. Most graduates begin as Associates, assisting their clients, who include some of the world’s most prestigious corporations and governments, in raising capital or pursuing other growth opportunities through securities and other financial instruments, corporate restructuring, and mergers & acquisitions, among other things. To work as an investment banker, you must be skilled at maths and financial modeling, as well as possess a keen strategic vision. The MBA is typically chosen by students who desire to pursue this professional route.
Jobs after MBA: Venture Capital, Private Equity & InvestmentManagement
Being in the banking industry can be extremely profitable. MBA graduates can work in private equity, where they lead investment possibilities in private companies; venture capital, where they help identify and invest in high-potential start-ups; and investment management, where they manage portfolios of diverse financial assets. The pay scale for these positions is very comparable to that of investment banking.
Jobs after MBA: Management Consulting
Management Consulting is one of the most sought-after MBA jobs for graduates in India, alongside finance. When businesses reach a snag, they often seek outside help to enhance one or more aspects of their operations, which is where consulting firms come in. They make an objective appraisal of the problem and devise a strategy to address it and propel future growth. Some consulting firms are comprehensive and cover all aspects of a company, whereas others specialize in specific areas such as strategy consulting, operations consulting, technology consulting, sales, and marketing consulting, or human resources consulting.
Management Consultants are compensated on par with investment bankers and other finance professionals, with beginning MBA salaries of up to 35 lakhs per year for graduates of a top business school and 25 to 30 lakhs per year for others. McKinsey, Bain, Boston Consulting Group, and Kearney are among the top employers.
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Dr. Anshu Tyagi