Masters in Business Administration opens multiple career opportunities for the students. Though, these various career options depend upon the choice of specialized subject, which the student opts for MBA. Business schools make their students a highly attractive asset for employers and build sharp business skills in them. A person who has completed his/her MBA from the top schools can fit into any of the industries, from healthcare to finance.
In India, MBA graduates can apply to any industry they want. All the top industries require great MBA graduates for their companies to grow.
Some of the top jobs preferred by the students are mentioned below.
- Investment Banking
Most MBA graduates choose this option as it is one of the great profiled jobs. The work involves helping the clients raise capital and growth opportunities for some of the world’s leading companies. Usually, the candidates of MBA Finance, go for this option. As this is a very rewarding and promising profession, both in terms of money and status.
Top Recruiters: Indian Banks such as HDFC, ICICI, and AXIS Bank
Global Financial Institutions like, JP Morgan, Goldman Sachs, and Citi
Average Salary Package: Rs. 25 Lakh to Rs. 30 Lakh per annum.
- Private Equity, Venture Capital and Investment Management
If not investment banking, then private equity or investment management is also a good option for students from Finance backgrounds. Under private equity, candidates lead investment opportunities in private companies. Venture capital, under these candidates, helps in investing and identifying high potential startups. They need to manage the portfolios consisting of multiple financial assets, under the investment management profile.
Average Salary: Similar to the investment Banker only.
- Management Consulting
This is one of the most chosen fields by MBA graduates in India. There are proper consulting firms that help the companies to make strategies to avoid big risks. There are various services provided by consulting companies such as strategy consulting, operations consulting, sales and marketing consulting, technology consulting, or human resource consulting, etc. They get to earn big in this field, especially if they are a top B school MBA graduate. Candidates need to have excellent business knowledge and communication skills. This job even provides additional perks such as rapid career progress, travel, increase in networking.
Top Recruiters: McKinsey, Bain, Boston Consulting Group, and Kearney
Average Salary: Rs. 25 Lakh to Rs. 30 Lakh per annum.
- Marketing
Massive growth has taken place in this field. Therefore, this area of the business requires a lot of creative and intelligent people. Candidates need to develop unique ideas to sell the products or advertise the company. There is a huge role performed by marketing managers such as conducting market research, analyzing the competition, creating impactful strategies, increasing brand awareness, gaining new customers, and driving revenue growth to the maximum. This field requires great communication and leadership skills to deal with various brands and top companies. However, each of these tasks is taught to the candidates while studying MBA in Marketing.
Top Recruiters:
FMCG Companies, Retail and technology firms.
Average Salary: Rs. 20 Lakh to Rs. 25 Lakh per annum.
- Product Management
Product management has become one of the top in-demand jobs in the last few years. They take complete responsibility for a product’s lifecycle, from design to delivery. They need great strategic planning, problem-solving ability, effective communication skills, and business skills to cater to the needs of the market.
Top Recruiters: Multinational Giants like Amazon, Google
E-Commerce- Flipkart, Udaan
Educational Technology- Byju’s, Vedantu
Food Delivery: Zomato, Swiggy
Financial: Paytm, Paypal, and many more.
Average Salary: Rs. 25 Lakh per annum.
- Project/ Program Management
The work of project management is to set the project goals, allocate resources, make the budget, fix everything under that budget, meet targets, etc.
Top Recruiters: Technological Companies, FMCG, etc.
Average Salary: Rs. 20 Lakh – Rs. 25 Lakh per annum.
- Business Development Managers
The business development manager is responsible for the overall growth of the company. The work involves acquiring new clients, building new partnerships, exploring new markets, and discovering new sales channels. The candidates need to possess excellent communication skills and leadership qualities.
Top Recruiters: All the major industries need Business Development Managers.
Average Salary: Rs. 20 Lakh to Rs. 25 Lakh per annum.
- Human Resource Management
Human Resource Managers are an essential part of the team as they deal with the workforce of the company. They are responsible for recruiting the most efficient people in the team. They train the recruiters, organize career development programs, build the company culture, employee grievances, etc.
Average Salary: Rs 15 Lakh to Rs. 20 Lakh per annum.
By Swaranshi Chhabra
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