Prime Jobs After MBA: Scope, Salary, and Requirements
MBA stands for Masters of Business Administration. It is one of the most esteemed and prominent post-graduate subjects in India. This is because MBA is hailed as one of the most strategic career options, which opens multiple doorways to financial and logistic job opportunities. This post-graduate degree teaches you the skills in the arena of technical, managerial, and management. It hones your critical logical thinking skills and problem-solving abilities. MBA is also more high-paying than other post-graduate or master’s degrees. This degree will land you in the highest paying sectors, and fruitfully, makes it easier for you to secure jobs in the management sector. An MBA specialization, along with experience, will keep on adding to your pay and position. Top MBA specializations include:
- Finance
- Business analytics
- Business management
- Marketing management
- Logistics management
- Operations management
- Human resource management
- Healthcare management
- Rural management
- Event management
- Information technology
Apart from your specialization, the salary also depends on the school where you did your MBA from.
Here are 14 prime jobs under which an MBA graduate can find themself a job:
- Operations Analyst
An operations analyst works with the departments within a company to improve company operations. This means that they review company policies, and company data, and look for improvement. They specialize in identifying, researching, and addressing business loopholes and work to improve profitability. They do this through the allocation of funds and resources, production schedules, navigating the supply chain, and establishing good pricing policies. Operations Analysts employ analytical methods like statistical analysis, predictive modeling, and economic simulations. Their problem-solving skills are valued since they know the correct software and strategies to apply. The average salary of an Operations Analyst is Rs. 34,642 per month.
- SAP Consultant
SAP consultants work with software. They help the organization/company locate the best software as per their requirements. They’re responsible for configuring, analyzing, designing, and evaluating computer system software for their clients. They also write software and interface programs. An SAP consultant earns an average salary of Rs. 58,391 per month.
- Marketing Manager
A marketing Manager, as the title suggests, works to plan a marketing strategy for the company/organization. They employ techniques to promote business, services, products, and brands. This creates an image of the company in front of clients. Marketing Managers are adept at analyzing market trends and overseeing the marketing department. A Marketing Manager earns around an annual average salary of Rs. 6.6 lakhs.
- Business Consultant
Business Consultants analyze the various trends of a business/organization. Accordingly, they plan and organize business projects and convey their solutions, implementations, and suggestions to stakeholders and clients. This job comes under Corporate Finance, which means identifying risks, profitability, maximizing stock value, fund management, budgeting, and promotional campaigns. The average annual salary of a business consultant is Rs. 16 Lakhs.
- Project Manager
A Project Manager’s MBA specialization is in project management and marketing. That is why they are well versed in larger trends of the business and, according to that, create new products. Such a product and its features are created keeping in mind the customer demand, budget, and time deficiencies. They also make suitable plans for future products. The average salary of a product manager is Rs. 60, 961 per month.
- Finance Manager
The finance Manager oversees the financial aspect of a company/organization/start-up. This means that they prepare the financial report of the company’s expenses, investments, returns, etc. They monitor the company’s wealth and expenses and advise strategies to get the maximum returns so that the company’s long-term goals can be achieved. Finance Managers earn an average annual salary of Rs. 12 Lakhs.
- Management Consultant
Management Consultants are mainly responsible for helping the organization solve problems to improve business performance. They carefully analyze the existing problems and develop strategies to solve them. They’re strategic, operational, calm, and solution-oriented in their field of work. The average salary of a management consultant is Rs. 1.8L per month.
- Investment Banker
Investment Bankers are regarded as finance professionals. They work in companies or government firms and are responsible for their financial and investment ventures, mainly raising capital for them. Along with financial advice, they also issue debt and stocks. They also help clients with mergers and acquisitions. The average salary of an Investment Banker is Rs. 42,090 per month.
- Business Intelligence Analyst
A Business Intelligence Analyst’s primary role is to retrieve the data of the company and analyze it. They work closely with the IT department. Using this retrieved data, they analyze and compile it to identify trends and patterns of the corporation and provide business suggestions and solutions for the corporation. They earn an average salary of Rs. 60,925 per month.
- IT Manager
An IT manager or Information technology manager is responsible for managing information technology and computer systems. They advise and develop technological solutions for organizations/companies. They also execute computer systems so as to fulfill the company’s information systems requirements. IT managers are goal-oriented and run on strategic thinking. IT Managers earn an annual salary of Rs. 12.9 lakhs
- Accounting Manager
An Accounting Manager leads and guides a team of accountants. Along with that, they also build client relationships and ensure that client needs are satisfied. Account Managers earn an average salary of Rs. 20,000 per month.
- Human Resource Assistants
Human Resource Assistant is an entry-level MBA job. They work under the Human Resources Department. Their primary roles include interviewing candidates, training them, and also managing the payroll. Human Resource Assistants typically earn an average annual salary of Rs. 2 Lakhs.
- Database Analysts
Database Analysts use automated tools to maintain the company’s data storage. They maintain data storage and assess database design. They collect and store data on market research and sales numbers. They use their managerial, statistical, and technical skills to present this complex data in an accurate, easier and quality manner for the business or organization so that they can easily understand the market trends and implement better solutions. This helps in supporting corporate decision-making. The average annual salary of database analysts is Rs. 6.7 lakhs per year.
- Administrative Manager
Administrative Managers, as the word suggests, are responsible for the smooth and swift administration of the business/organization. They supervise the day-to-day operations of the administrative departments. They also keep a check on the administrative department selecting and training the employees. This personnel are guided by the administrative managers and are allocated suitable roles and jobs. Also, Administrative managers organize and coordinate schedules and databases to achieve the maximum financial objective and efficiency. Administrative Managers, on an average, earn an annual salary Rs. 5 Lakh.