An MBA degree gives a lucrative first-break in the corporate world. It opens a plethora of avenues in – marketing, sales, human resources, finance, operations, logistics and supply chain management. Almost all industry sectors require MBA graduates for managing their work processes, executing and strategizing. Though there are large number of small time b-schools offering degrees in management but those coming from premier institutes such as IIMs, IITs, XLRI, FMS, IIFT and Symbiosis earn higher salaries, enjoy more significant jobs roles and fast-track career paths. This will allow the degree holder to easily weave into any field of industry to choose their career paths and that too to hold good positions when the required personality is found. So, for higher education in India MBA degree is bright and freely accessible.
Typically a MBA graduate will start his/her career as Management Trainee or executive then Team leader then Asst. Manager and then Manager.
TOP Career Options in MBA
Choosing Career in marketing after MBA demands a lot of creative strategies and creative thinking, ability to coordinate, working with other people in the industry and meeting the targets. The common positions for MBA holders in the marketing field are marketing manager, Sales manager, market analyst and brand manager etc. Building and managing a brand is one of the most important part of any business as one of and requires innovative thinking, the person is responsible for profitability and market growth of the particular brand. Analyst drills down the data and come out with facts about business trends that help in making strategies for business growth. Sales profile requires lot traveling, meeting people and completing sales targets. All these are high paying jobs and demand deep knowledge of the market and its customer management.
MBA consulting career involves handling client companies and help them to grow in their business. There are two basic types where one kind of the firm deals with large clients of various discipline falling under issues like cost and profit management, strategic financial management, corporate alliance formations, etc., the other kind of firm deals with specific or specialized business disciplines. This kind of career is suitable to the candidates seeking a long term career opportunity that would give chance for higher promotion with higher rate of performance. The basic level of career in this field starts from being an analyst and later may be eligible for promotion to associates, managers and even to principals and partners.
Humans or Human Resource is the principle or back bone behind any business and it needs an efficient method of management for higher rate of business success. Career in MBA HR management requires good communication skills, open minded and emotionally strong. This kind of job deals with managing the hired employees of the company to hiring and training new candidates required by the company. This kind of position is responsible for efficient allocation of employees for better management. The salary is good and the person should be able to handle employees despite the differences.
Choosing a career in Finance can include positions like auditors, book-keepers as well as accountants and Financial Analysts, are responsible for ensuring non-waste of the money of the entire departments of the company and marketing responsible for effective marketing plans and success. This requires lot of calculation, cost auditing and number crunching, so person should be very comfortable in mathematics and calculations.
The MBA career in healthcare finds a place behind the scene and they are responsible for steady flow of success of the healthcare systems and these include professional as well as experienced manager and administrators. MBAs from other fields working in healthcare may find many necessary skills and knowledge to learn so as to move forward. But these days MBA in healthcare management course is available and it can be accessed by everyone to achieve higher standard of success.