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Careers after MBA in India

Empowered with an MBA degree one can develop a career in a range of fields. One can opt for a variety of career options after MBA in India. Career opportunities after MBA include in the fields of human resource management, operations management, strategic management, international management, and organisational communication etc. Career advancement, management expertise and increased earnings are perhaps the most common reasons given for pursuing an MBA. An MBA can help you make major break or leap in your career path with a concomitant leap in income.

An MBA degree is one of the most sought after career options these days. The sheen of an MBA degree has grown over the years, reason being the return on investment after completing MBA from a leading B-School that most of the people are inclining towards earning a management degree.

From senior roles in management to starting one’s own entrepreneurial venture, there is a plethora of options after completing MBA. But there are some most sought after profile, which have remained a top priority among MBAs.

 

Hot Career options after MBA are:

1. Investment banking: Investment Banking is one of the most traditional and worthwhile career options for MBAs. A high pressure job, Investment Banker raises capital and advises others on acquisitions.

 Investment banking positions from junior to senior:

Analyst (grunt)

Associate (glorified grunt)

VP (account manager)

Director (senior account manager, rainmaker in training)

Managing Director (rainmaker)

2. Management Consulting: Consultancy is now one of the most popular career options for MBAs and one of the fastest growing sectors in the business world. Problem solving is the key responsibility of a management consultant. As a management consultant one also has the option to work with a consultancy firm or as a freelancer. Moreover, salary is great and you earn a lot of respect as a consultant. 

3. Private Equity / Venture Capital: One of the most sought after profiles these days, finding a position in the private equity industry is a challenging prospect for MBA students. Individuals having good investment acumen can and do succeed in private equity. 

For a recent MBA graduate, the private equity industry offers the opportunity to exercise many of the skills developed in business school while working in a fast paced entrepreneurial environment that has the potential to be extremely rewarding financially.

 4. Business Analyst: Business Analysts are expected to be constructive and critical and provide analysis of both the micro elements of a business i.e. staff turnover, marketing success, sales figures and macro elements i.e. the bigger picture of where the business sits within the industry as a whole. By doing these things they are expected to add value, increase efficiency, drive changes in the architecture of the business and assess the viability of new projects.

Major Job responsibilities are:  Identify areas for improvement, evaluate problems and opportunities within the business, through the use of modeling and scenario analysis evaluate the feasibility of a solution and possible outcomes, present the solution and develop the business case for implementing it, monitor the continued need for and success of the solution and adapt as necessary

 5. Entrepreneurship: One of the most thrilling career options after MBA is entrepreneurship. It also be called a trial and error method where you can put all the theoretical knowledge into practice, which pays hefty results if put in the right direction. But due to the level of risk involved not many people chose to go for it. According to Final Placements 2011 data, about 0.21 percent of b-school students deferred placements to start their companies.

6. Human Resources: Generalist, Recruitment, Training, Organizational Development, Learning and Development, Operations Logistics, Supply Chain Management, Sourcing, Procurement, Manufacturing Searching for Jobs after MBA. The job search must begin from the end of the first year of the program itself. The resources to search for jobs are given below.

  • Job Search Websites: Monster, Hot Jobs etc
  • Campus Placement Office
  • Recruitment Agencies
  • Internships
  • Campus Recruitment
  • Networking
  • B-School Alumni
  • Career Resources Websites
  • Recruiting News and Trends

7. Government job: People often have this misconception that an MBA degree will just help them in getting good jobs in business sector – that is normally privately owned – simply because of its name. But it can be of great use in getting a good job in a government agency also. Such jobs require you to be team player and big thinker. These qualities are parts of MBA curriculum. But to absorb this capable generation, the government agencies have had a bad reputation since very long. They have realised it too late to value the MBAs as their staffers. These agencies are now quite aggressively hiring people with MBA degrees. They understand, these people shall help government in many ways to improve their plans and functions. So, having a MBA degree improves your prospect of getting hired by a government agency a lot.

The following specializations are in high demands in government agencies:

1. MBA (Marketing)

2. MBA (Finance)

3. MBA (Accounting)

4. MBA (Computer System)

5. MBA (E-Business)

6. MBA (Entrepreneurship)

7. MBA (Crime justice)

8. MBA (Global management)

9. MBA (Health Care Management)

10. MBA (Human resource)

11. MBA (International Business)

12. MBA (Leadership)

13. MBA (Operations)

14. MBA (Project Management)

15. MBA (Technology Management)

16. MBA (HR)

Some of the most important ones which will easily get you a job in any government agency are Marketing MBA and Finance MBA.

 

 

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