Management roles in any organization are challenging, rewarding and hence the most sought after. A quality Management Degree is a pre-requisite for entry into the Management cadre of any corporate entity.
The Management Degree equips you with the skills necessary to move up the corporate ladder. With Different specializations, you are sure to find the one that will set you on the right career path.
Before jumping to the conclusion that a Masters in Business Administration (MBA) is the right path for you, stop and ask yourself why. The hunky-dory vision of life after MBA may not be so easy after all. Not every management graduate receives a royal welcome. One must have one’s goal in place to be able to establish a solid and successful career after an MBA.
The usual reasons for doing an MBA:
- It earns you more money
- It gives you a promotion in your job
- It helps you quit a job that sucks
But in order to pursue an MBA and to feel truly satisfied by doing so, you must take a more cognitive view:
Why pursue an MBA
- To launch a progressive career
- To make a shift in career, if you already are an experienced professional
- To nurture an innovative outlook
- To network with the best in the market
- To add a brand value to yourself
- To enhance personal growth
- To start a business/ start-up/ turn entrepreneur
- To move geographically.
Duration & Eligibility
Have you completed your Graduation? If yes then go ahead and choose a course in which you are interested. MBA is the TWO-year Master degree programme for those who are interested in management studies.
Whether you have done your school with arts, science or humanities, you are free to choose the MBA programme. The MBA is most popular and well-known courses among the students. It has a vast area of specializations (in MBA).
Many of colleges and Universities are offering the MBA programme as regular or distance learning education. Students can pursue this course full-time or distance mode. The value of full-time course is considered more over the distance mode.
In India, the accreditation body for MBA is UGC (University Grand Commision). There are different accreditation bodies in different countries.
During the study period of business administration, students learn how to make a business plan or business ideas more optimistic and positive that can help the industry.
The top core Specialisation of a MBA degree are as the following:
- Human Resources(HR)
- Supply Chain
- International Business
- Logistics and Supply Chain
- Organizational Behavior
- Production & Planning
For admissions into MBA courses, students are needed to clear the Graduation or equivalent examination from any recognized Universities. Some colleges consider the criteria of securing 50% marks in the qualifying exam. No age bar.
Once you know why you want an MBA degree, you should be prepared with a knowledge base of jobs that require this degree. Based on that, you may nurture your career interest. Client relations, consulting, business planning, resource or system analysis may be a part of your job profile, but let’s take a more specific view of the job opportunities after an MBA:
- Banking & Finance: This 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 right choices about investments. Related job profiles are in Corporate Treasury, Business Operations and Credit Analysis. Such jobs are typically offered by companies such as Goldman Sachs, J.P. Morgan, Nomura, RBS, Barclays etc.Other job opportunities in banks are for Commercial Banking, Liabilities Product Management, Cards Management, Transaction Banking, Corporate Banking, Compliance, Wholesale Risk, Credit Risk, Relationship Management and Treasury. Banks like ICICI Bank, Yes Bank, Kotak Bank, Axis Bank, State Bank of India, HDFC Bank and RBL hire MBA graduates for such roles.
- Information System Management: This requires a more technology-focused candidate, day someone with an MBA in Information Systems. Such candidates identify fresh and up-to-date technologies to serve an organization better. They provide a thorough cost analysis for use of the right technology while working with financial and managerial departments.
- Investment Banking: This is a job in demand. Companies that hire for this role include SBI Capital Markets, Motilal Oswal & Bank of America Continuum among many others. The right candidate functions as an underwriter. He/she has to connect investors to fund-needing organizations. The candidate must have the acumen to analyze what fits best for the client. They deal with acquisitions and mergers as well as clients. Other job profiles include those in Treasury, Securities and Investment Management.These being the top three options, there are more job opportunities for an MBA graduate:
- Management Consulting: If you are a problem solver, this is the job that suits you best. A management consultant specifically solves organizational issues, while embracing fresh ideas and new methods of problem-solving. Firms that hire for such roles include Cognizant Business Consulting, Bain (BCC), KPMG, PwC, Infosys Management Consulting, Michael Page, Deloitte, PeopleStrong, Cartesian Consulting & many more.
- Private Equity: Just like investment banking, your investment acumen comes into action in a private equity job profile. Companies that recruit are Religare, Magma Fincorp, DE Shaw, Indiabulls Housing Finance, Kotak Life, Angel Broking, ICICI Prudential Asset Management, Bajaj Finserv, Kotak Wealth Management, JPMorgan Chase, Axis Securities, Fidelity Investments, Fullerton etc.
- Data analytics: With the digital revolution, making sense out of “big data” is becoming increasingly important for all kinds of businesses be it banking, retail, e-commerce or management. As a result 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.
- Entrepreneurship: An MBA enhances your ability to be an entrepreneur. Be a fresh graduate or an experienced professional, choosing your career becomes easy with an MBA in your kitty.
Pay package for MBA graduates from top B-schools
- There has been only a marginal rise in the pay package as reported by the top B-schools in India. Click on each college to know more about their placements. The 2016 pay scale has been illustrated in the table below:
|B-School||Average Salary in 2016 (INR)||Top Recruiting Areas|
|IIM Indore||15.67 lakh per annum||Finance, Marketing & Sales|
|IIM Shillong||14 lakh per annum||Consulting, IT/ Analytics|
|IIM Ranchi||15.14 lakh per annum||Marketing & Sales|
|IIM Trichy||13.01 lakh per annum||Marketing|
|IIM Udaipur||12.91 lakh per annum||Marketing & Sales|
|IIM Raipur||12.51 lakh per annum||Marketing & Sales|
|IIFT, Delhi||18.01 lakh per annum||Marketing, Sales|
|FMS, Delhi||20.5 lakh per annum||Consulting, General Management|
|XLRI Jamshedpur||18.5 lakh per annum||Finance|
|NMIMS Mumbai||17.09 lakh per annum||BFSI|
|JBIMS Mumbai||18.13 lakh per annum||BFSI|
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