Career Options after MBA: What to do After MBA?
The Master of Business Management (MBA) program is a specialization that focuses on the various facets of business management and administration. A successful business career can be started with an MBA, which will increase your brand value in the eyes of potential employers. But the majority of people frequently ask themselves, “What can I do after an MBA?” If you are wondering, “What can I do after an MBA?” keep reading.
Prior to making a snap decision, consider all the benefits and drawbacks of each MBA specialization option because there are many different business and management streams available. To get the most out of your MBA degree, you should first do some research and get a general idea of what the various courses cover the career paths they can lead to and the pay scales for executive positions.
MBA in Finance
An MBA in finance would be the best response to the question “what to do after MBA?” The MBA in Finance is a well-liked MBA specialization with excellent growth potential in the banking, financial services, and insurance industries. The main goals of financial management are to plan, manage, and control the financial resources and assets of any industry.
Following completion of an MBA in Finance, one may work in the following fields:
- Corporate Finance
- Corporate Banking
- Credit Risk Management
- Asset Management
- Hedge Fund Management
- Private Equity
- Sales and Trading
An MBA in Finance graduate from one of India’s top business schools can expect to make a starting salary of between Rs 10 and Rs 15 lakhs per year. The starting salary range for applicants from other institutions is between Rs 4 and Rs 6 lakhs per year. With increasing experience and knowledge, the salary rises. Senior-level professionals can earn up to and beyond Rs. 35-50 lakhs per year, while mid-level professionals make between Rs. 20 and 30 lakhs annually.
MBA in Business Analytics
The MBA specialization in Business Analytics teaches students how to collect data from various sources and analyze it to learn crucial information about market trends, consumer behavior, and other business intelligence-related subjects. Data visualization, explanatory and predictive modeling, statistical and quantitative analysis, etc. are some of these analytical tools.
Graduates of business analytics MBA programs can find employment in a range of sectors, including e-commerce, healthcare, financial services, and information technology. Boston Consulting Group, Accenture, Capgemini, Wipro, Amazon, etc. are a few of the top companies that hire business analytics specialists in India.
The average annual salary for business analytics professionals in India is Rs. 11 lakhs, which is a result of the expanding significance of analytics in business. Freshmen can earn between Rs. 5 and Rs. 8 lacks per year, while professionals with experience in the field can make between Rs. 10 and Rs. 18 lacks per year. Senior-level employees may receive salaries ranging from Rs. 30 to Rs. 55 lakhs annually.
MBA in Marketing
What can I do after an MBA? is frequently asked, and an MBA in marketing is unquestionably one of the best answers given the field’s rapid growth and importance across many academic disciplines. The marketing component of a business is the focus of an MBA in marketing management. Teaching students about brand marketing, sales, various marketing channels and techniques, executive and leadership management skills, product management, market research, and consumer behavior, to name a few, is the main objective.
One can work in the following fields after earning an MBA in marketing management:
- Competitive Marketing
- Business Marketing
- Online Marketing
- Analytical Marketing
- Customer Relationship Marketing
- Advertising Management
- Product and Brand Management
- Retailing Management
In India, marketing management professionals can earn an annual salary ranging from Rs. 3.5 to 18 lakhs as freshmen (higher-end salaries for graduates from reputed B-schools). With experience, the salary can increase from Rs. 15 to Rs. 40 lakhs annually.
MBA in Human Resource Management
What can I do with an MBA? An MBA in human resource management might be preferred if none of the previously mentioned options were successful. Maximizing employee performance is the aim of an MBA in HR Management in order to achieve organizational goals. Students are taught the best business practices and how to manage human resources in a way that ensures maximum benefits.
Recent years have seen a rise in demand for HR professionals across all industry sectors. HR Management specialists can thus find employment in a variety of industries, including IT, law, advertising, retail, media, newspapers, and more.
Starting salaries for HR professionals range from Rs 2.5 to 4 lakh per year. However, graduates of reputable business schools can earn between Rs. 4.5 and Rs. 8 lahks per year. Mid-level positions typically pay between Rs. 10 and Rs. 18 lakhs per year in salary, while senior-level professionals typically earn between Rs. 25 and Rs. 40 lakhs per year.
MBA in Operations Management
Operations management involves maximizing every aspect of business operations, such as product cost and quality, manufacturing time, productivity gains, and customer satisfaction levels. Enterprise resource planning (ERP), vendor management, inventory management, and purchase management are the components of a company’s operations management and supply chain.
Graduates with this specialty typically land jobs in organizations that focus on products or services, such as –
- Financial Institutions
- Management Consulting
- Information Technology
The starting salary range for operations management professionals in India is between Rs. 4 and 7.5 lakhs. Reputable B-school graduates can earn between Rs. 6 and 10 lahks per year. The annual salary range for mid-level professionals is roughly Rs. 15–20 lakhs, and for senior-level professionals, it is Rs. 28–40 lakhs.
MBA in International Business
A two-year post-graduate course called the MBA in International Business teaches students how to manage a global company. This course is for you if you want to become a part of MNCs and learn more about international business, laws, policies, trade, and import regulations. After the course, there are many opportunities because most businesses want to grow internationally.
You may be hired after completing the course for jobs as an export manager, international marketing manager, or international business consultant. You can pursue similar positions in the field like global business manager, logistics manager, foreign exchange trader, and compliance manager.
A logistics manager may earn between 2.7 LPA and 8.2 LPA in salary. In India, a foreign exchange trader typically makes around 7.5 LPA. In India, a compliance manager makes an average salary of about 10 LPA.
MBA in Healthcare Management
You can manage different managerial facets of hospitals, pharmaceutical companies, and other healthcare systems with an MBA in healthcare management. This course opens the door to a wide range of opportunities because the healthcare sector is one of the most rapidly growing industries worldwide. You will benefit from this course’s comprehensive understanding of the healthcare sector.
Hospital CEO, Hospital Administrator, Product Manager for medical device companies, Healthcare Associate, Hospital Operations Manager, Health Insurance Manager, etc. are just a few of the job positions that are available after completing this course. Other major corporations include Fortis, Star Health, Siemens, Apollo, WHO, Cipla, Practo, Max, AMGEN, etc.
Hospital administrators typically make around 4.8 LPA, but depending on their level of experience, they may earn up to 10 LPA. From 3.7 LPA to 10 LPA is the salary range for an operations manager.
We hope this article has given you a better understanding of the content covered in these MBA specializations as well as the potential career paths each one opens up. An MBA degree is well-known and respected throughout the world and offers the prospect of lucrative employment. The pay for management positions varies, though. Therefore, you must decide which MBA specialization best suits your career goals in order to ensure that you ultimately land your dream job. Once you realize that, everything else will be simpler.