What are the benefits of an MBA for our careers?

What are the benefits of an MBA for our careers?

What are the benefits of an MBA for our careers?

The Master of Business Management (MBA) is a specialization program that focuses on business administration and management. MBA degrees can prepare you for a progressive career in business, as well as increase the value of your brand before potential recruiters. 

The majority of people, however, ask "what can I do after I get my MBA" or "what can we do after we get our MBA". You might be wondering, “What do I do after my MBA?””, then keep reading.

Let's take a look at the different types of career opportunities and salaries associated with the top 5 MBA specialization streams.

1.MBA in Finance

An MBA in Finance would be the best answer to the question "what can we do after MBA?".  An MBA in Finance is a popular MBA specialization with tremendous growth prospects in the Banking, Financial Services & Insurance sector. A company's financial management focuses on planning, managing, and regulating its financial resources. One can find jobs in the following sectors after completing an MBA in Finance - 
Corporate Finance
Corporate Banking
Credit Risk Management
Asset Management
Hedge Fund Management
Private Equity
Treasury
Sales and Trading

Salary prospects:

Finance MBA graduates from top B-schools in India can earn a starting salary between Rs 10 - 15 lakhs per year. Candidates from other institutes may earn a starting package of Rs 4 - 6 lakhs per year. As your experience and knowledge grow, your salary will increase. A mid-level professional can earn between Rs 20 - 30 lakhs per year, whereas a senior-level professional can earn upwards of Rs 35 - 50 lakhs.

2.MBA in Business Analytics

MBA in Business Analytics is a specialization field that teaches students how to use different analytical tools (statistical and quantitative analysis, explanatory and predictive modeling, data visualization, etc.) to gather data from multiple sources and analyze it to gain valuable insights into customer behaviour, market trends, and other business intelligence issues.

Salary Prospects:

Due to the increasing importance of analytics in business, Business Analytics professionals in India earn an average salary of Rs. 11 lakhs a year. Freshers can earn around Rs. 5 - 8 lakhs per year, while experienced professionals can earn between Rs. 10 - 18 lakhs per year. Senior level employees can earn between Rs. 30 - 55 lakhs per year. 

3.MBA in Marketing

As marketing is growing rapidly across a variety of study fields, an MBA in Marketing is a top answer to the question "what can I do after MBA.". The MBA in Marketing Management focuses on the marketing aspect of a company.
In this course, students learn about brand marketing, sales, marketing channels and techniques, executive and leadership management skills, product management, market research, consumer behavior, among other things. 
An MBA in Marketing Management can lead to employment in the following sectors: 
Competitive Marketing
Business Marketing Online Marketing Analytical Marketing
Customer Relationship Marketing
Advertising Management
Product and Brand Management
Retailing Management

Marketing Management professionals may find employment in Advertising Agencies, Marketing Companies, FMCG Sector, Financial Services, IT, etc. Although marketing is needed in almost every organization, here are some of the best recruiting companies in India for marketing roles - Accenture, Amazon, Capgemini, Indusind Bank, Ing Vysya Bank, India Infoline.

Salary Prospects:

For freshers, Marketing Management salaries can range from Rs. 3.5 - 18 lakhs per year (higher salaries for graduates from reputed B-schools). Salaries can range from Rs. 15 lakhs to 40 lakhs per annum depending on experience.

4.MBA in Human Resource Management

In case none of the options above answered the question “what can I do after MBA? Then you might want to consider an MBA in Human Resource Management. A MBA in HR Management emphasizes maximizing employee performance to achieve an organization's goals. Through this program, students learn the right skills, best industry practices, and how to manage human resources in an efficient and effective manner. 
Recently, the job of HR professionals has gained increasing traction across all parallels of the industry. Hence, HR Management professionals can find plenty of employment opportunities in IT companies, law firms, advertising firms, retail companies, media houses, newspapers, etc.

Salary prospects:

Starting salaries for HR professionals can range from Rs 2.5 - 4 lakh per year. The annual salary ranges between Rs. 4.5 lakh and 8 lakh for graduates from reputed B-schools. Mid-level professionals earn between Rs. 10-18 lakhs per year, while senior-level professionals make between Rs. 25-40 lakhs per year.

5.MBA in Operations Management

Operational Management involves optimizing all aspects of business operations, such as product quality and cost, manufacturing time, productivity enhancement, and customer satisfaction. An organization's operations management and supply chain are made up of purchase management, inventory management, vendor management, and enterprise resource planning (ERP).
The majority of graduates with this specialization land jobs in product/service-based units, such as the following: 
Retail
Logistics
Hospitality
Transportation
Manufacturing
Construction
Financial Institutions
Management Consulting
Information Technology
Damco, Blue Dart, First Flight, GAIL, ONGC, and NHPC are among the major recruiters for Operations Management professionals in India.

Salary prospects:

Operations Management professionals in India earn an average starting salary of Rs. 4 - 7.5 lakhs.
For graduates from reputed B-schools, the annual salary range is around Rs. 6 - 10 lakh p.a. The salary range for mid-level professionals is around Rs. 15 -20 lakhs, while the salary range for senior-level professionals is around Rs. 28 - 40 lakhs.
There are several other options are available:
MBA in International Business
MBA in Healthcare Management
MBA in Information Technology
MBA in Luxury Brand Management
MBA in Retail Management

Conclusion:

In this article, we hope you have gained a much better understanding of the MBA specializations and their career opportunities. An MBA degree is a globally recognized and acclaimed degree that can lead to well-paying careers. It is important to note, however, that not all management jobs pay well. In order to secure your dream job, you must identify which MBA specialization best suits your career goals. You will be able to figure out the rest once you have deduced that.

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