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MBA, Gateway to a Successful Career
MBA becomes a trend more than a choice
MBA, the master's degree in business administration has become the most obvious choice for most of the undergraduates than any other choice available to them. This generalized choice is an outcome of the belief that an MBA degree brings along the assurance of a high paying and satisfying job. This postgraduate course isn't restricted those having studied business administration during their graduation, but also to the ones hailing from the other streams. It is even considered to be a common choice among engineering students. One of the major reasons behind this is that MBA prepares a student to be eligible for the management roles.
For all those pursuing MBA, there lies a world full of alluring opportunities. They are blessed to choose out of a variety of careers as per their interests and aspirations. During their modules in MBA, they are given the opportunity to specialize in a specific steam, which may be marketing, HR, international business, finance, and some others.
Career options for MBA graduates
Careers that an MBA degree lets you in
After completing your MBA degree, you can aim for a variety of jobs. Now, what job would you really land in, depends on your specialization. You can go on to decide about the specialized field by analysing what job can you really fit in. There are varied fields you can get in, such as HR, finance, marketing, sales, international business and others. Thus, the decision lies with you that which stream would you like to specialize in. Below are some of the MBA jobs that you may scroll through and choose your way ahead.
HRD (Human Resource Development)
HR remains a common choice among the specializations available for those pursuing an MBA degree. It is considered suitable for those, who possess exceptional people and communication skills. By specializing in this stream, they get to develop a better understanding of varied concepts such as benchmarking, behaviour management, employee development, strategic HRM and a lot more.
Marketing & Sales
The world of sales is huge. Those specialized to be hires for sales or marketing are demanded everywhere, be it automotive, retail, IT, travel or any other sector. Every industry needs people, who can help increasing the sales figures. Thus, for all those capable enough to influence a business or a client for a buying action should opt for a specialization in marketing & sales.
This is yet another profile that many MBA graduates get in. Those working in corporate communications department have to liaison with the associates of the organization they are employed with. This profile asks for exceptional communication and interpersonal skills.
Business Development Managers
Business development is yet another career option for these graduates. Those working as business development managers get paid quite well. They need to be skilled enough to bring business for the company. The job of a business development manager is inclined more towards sales where specific targets have to be achieved.
MBA does offer a specialization in finance where the students are helped to develop a better understanding of the financial strategies and other crucial concepts. Such professionals can be employed with as financial analysts or managers with leading finance consulting companies or other brands as finance managers.
Career options for MBA graduates
Need for more employable MBA graduates
India, at present is home to more than 4000 MBA colleges operating in different regions. Besides, the premier institutions like IIM, FMS, Symbiosis and many others, there lie many other institutions that have been operating since years. Besides, in the last few years, many new institutions have been introduced that lure students with the assurance of higher salaries and placements. These are the institutes that do not work on the idea of providing better education or preparing students to be hired by the best recruiters. Rather their sole motive is to increase their business and popularity among students. With this, the quality of education seems to be deteriorating, which as a result affects the students in the long run. Such students aren't really provided any practical exposure, which reduces their employability.
If we consider the figures as reported by Assocham (Associated Chambers of Commerce and Industry of India) in a survey in 2013, only 10% of the MBA graduates are employable. As per the report published by Assocham, a major reason behind this is the deteriorated quality of education being followed by the tier-2 and tier-3 institutes. Besides, the demand for this course has grown unproportionately in the last few years, whereas the employment sector doesn't really compliment. With this, most of the students are found struggling to get suitable jobs that they thought an MBA degree could assure them.
Premier MBA Institutes in India
Choose the institution wisely
While we talk about MBA as a high paying career, IT depends upon a lot of factors including the college are you associated with. To opt for an accredited and reputed is a significant factor, which later affects the candidates in the long run. Thus, this is a decision that each one of you should take considering the quality of education maintained by an institute and its reputation in the education sector.
With MBA becoming a common choice among all, the country has been witnessing the opening of many new tier 2, tier 3 and even tier-4 level institutions that lack in terms of quality. These are the institutes that work on the idea of getting more admissions than to provide better education. It is found that many of these students even lack in terms of communication, grammar and spoken English. This later affects their chances of getting hired by reputed brands. Thus, it becomes crucial for the students to make their choice wisely and get themselves admitted into the colleges that can prepare them for a better future.
Prominent Career Choices for MBAs
Premier MBA Institutes in India
For all those planning to pursue MBA, the choice has to be wise when it comes to seeking admission in an MBA institute. Those associated with leading institutions are always considered more valuable and can even expect higher salaries. So, why not give it your best shot and land into a job that can help you chase your dreams. Thus, to help you make the decision, a list of the eminent MBA institutions in India has been compiled here.
- Indian Institute of Management (Calcutta)
- Indian Institute of Management (Bangalore)
- Indian Institute of Management (Indore)
- Indian Institute of Management (Ahmedabad)
- XLRI – Xavier Labour Research Institute, Jamshedpur
- ISB – Indian School of Business, Hyderabad
- FMS – Faculty of Management Studies, University of Delhi
- Symbiosis Institute of Business Management, Pune
- Indian Institute of Foreign Trade (IIFT)
- Xavier Institute of Management Bhubaneswar
- FORE School of Management
Do you think MBA is the only available choice for most of us?
E-commerce is the new trend
In this new digital era, the career choices of MBA graduates is too seen taking a leap. Those graduating as MBAs from eminent institutions are now seen chasing the jobs in e-commerce industry than baking, retail, or any other business. The interest of these professionals in e-commerce has made the other prominent sectors slip down to the lower positions.
Nielsen India's Campus recruiter Index, an annual survey found e-commerce trending in the country, whereas Hindustan Unilever, Procter & Gamble and Google remained the top recruiters.
The other sectors that are found to be preferred by these graduates are Management/Consulting, Large Conglomerates, Foreign Banks, Advertising/Market Research, Automobile, Indian Banks, Investment Banks, and Retailing. As per the survey, these sectors remained the top career choices for those graduating from eminent management institutions in the country.