- Sakal India Foundation
- December 10, 2021
Master of Business Administration – Overview
MBA aspirants must prepare in the right way to get a job after MBA.
The job scope after MBA in India is vast, and the students must prepare for a job in their field of study. The students must make a list of career options, analyse the pros and cons and choose the right path of career.
Students may have many queries in their minds regarding the job profile after MBA like job scope, nature of work, roles and responsibility, skills required, and many other things. Some students aspire for an interesting job over a high package job. It is always vital to analyse whether a particular job suits you or not.
In this blog, we have covered all the details regarding various jobs after MBA in India, career scope, salary, and many more.
Why You Should Pursue an MBA Degree?
No student pursue a course without purpose. There could be many reasons for pursuing MBA. But you must analyse and understand the purpose of pursuing an MBA program.
- To begin with, a progressive career.
- To give a significant change to your career if you already are an experienced professional.
- To foster your innovative mindset.
- To form a network with the best in the market.
- To add value to yourself and your career.
- To enrich personal growth.
- To gain knowledge and business perspective to start a business.
- To move to another location with the right job skills.
Future Scope and Demand of MBA in India
MBA students must have a thorough knowledge of Job opportunities after an MBA. You have to nurture your career with the right skills and the exposure you will be getting through this program. Finance, Business Planning, Consulting, Business Analyst, Client Relations, System analysis, and many more could be a part of your job profile.
Following are some entry-level designations that are in high demand in India:
- Product Manager
- Business Analyst
- Financial Analyst
- Credit Risk Management Analyst
- Marketing Manager
- Sales Manager
- Human Resources Manager
Job Opportunities After An MBA Degree
Jobs for MBA professionals are available in various industries ranging from FMCG to Banking. Once you know why you want to pursue MBA, you should prepare with the right knowledge and skills to apply for your dream job.
Let’s take a more precise view of the job opportunities available after an MBA in India:
Banking & Finance
Includes security & investment, analysis and portfolio management. These jobs, available with banks, security firms, insurance companies, and various financial organizations, require a professional to make the right decisions in plans related to investments. Job profiles in Corporate Treasury, Business Operations and Credit Analysis are generally offered by companies such as Goldman Sachs, J.P. Morgan, Nomura, RBS, Barclays etc.
Jobs are in demand. Companies that hire for this job role are SBI Capital Markets, Motilal Oswal and many others. The candidate has to connect investors to fund-needing organizations. The candidate must have the expertise to analyze what fits best for the client.
Information System Management
Requires a more computer technology focused candidate, someone with an MBA in Information Systems. Such candidates identify the latest technologies to serve an organization better. They provide a thorough cost analysis to justify the productivity of the right technology while working with financial and managerial departments.
Job requires someone who is a problem solver. A management consultant specifically solves administrative issues while adopting fresh ideas and new methods for problem-solving. Companies that hire for such roles include Cognizant Business Consulting, Bain (BCC), KPMG, PwC, Infosys Management Consulting, Michael Page, Deloitte, PeopleStrong, Cartesian Consulting and many more.
In this digital revolution, making sense out of big data, is becoming increasingly significant for all businesses, be it banking, retail, e-commerce, management etc. Today, many business schools have now started offering data analytics as an important part of their MBA programs. Companies like Fractal Analytics, LatentView Analytics hire MBA graduates as data scientists or data analysts.
Average Salary Based On Job Positions
As per the Glassdoor report, the MBA starting salary in India is around ₹ 3.0 LPA. The salary packages depend on the specialization chosen by candidates in their MBA programs. Other factors affecting the annual CTC includes location, industry, designation, experience, etc.
Though the average salary of an MBA aspirant in India is ₹ 3 LPA, it can go as high as ₹ 7.7 LPA and beyond for lucrative designations, like in the finance sector.
We have listed below the average pay for MBA professionals:
|Marketing Manager||₹ 8.7 LPA|
|Business Development Manager||₹ 7.3 LPA|
|Human Resources Generalist||₹ 3.7 LPA|
The deciding factors impacting the annual salary of MBA graduates are:
- MBA Institute
- Work Experience
- Interpersonal skills
- Communication Skills
Top Cities For MBA Graduates
India has many top-business schools in various cities, which has good infrastructure and facilities for corporates to run their businesses.
Let’s see the list of top 10 universities for MBA in various cities of India:
|Indian Institute of Management||Multiple Locations|
|Indian Institute of Foreign Trade||New Delhi|
|Jamnalal Bajaj Institute of Management Studies||Mumbai|
|XLRI – Xavier School of Management||Jharkhand|
|S. P. Jain Institute of Management and Research||Mumbai|
|Faculty of Management Studies – University of Delhi||Delhi|
|Institute of Management Technology||Ghaziabad|
|Management Development Institute||Haryana|
|Motilal Nehru National Institute of Technology||Prayagraj|
76% of males are working in management jobs in India, and 24% of females are working in various domains of business management.
Masters of Business Administration is one degree which is not only in high demand keeping in mind the changing and emerging business trends but also can give huge returns if the job seeker is excellent or the business setup is good.
So even before choosing the specialization subject, you have to choose the right career path which suits your capabilities, interests, and goals.
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