Now-a-days a degree in MBA or Masters in Business Administration is the path of choice for many aspirants. However, it is advisable that when students think of pursuing MBA they should always ask themselves the questions – Why they want to pursue an MBA degree?
There is a common notion that the career graph of an individual soars as soon as they possess an MBA degree. But sadly, this is not the case always. Not all candidates land their dream job and start earning an impressive salary right after getting their MBA degree. So, every individual must have well-defined goals and it is only then that they can have a successful career after an MBA.
Why Choose MBA?
Some of the reasons why aspirants consider pursuing an MBA degree is to:
- Get a salary jump
- Get a promotion
- Change work profile
- Enhance knowledge
- Ensure better networking
- Add value to one’s CV
- Become an entrepreneur or start own business
Top MBA Entrance Exams
One of the most popular MBA entrance exam that aspirants give is CAT. For CAT 2018, around 1.9 lakh candidates gave the management entrance exam. On the basis of an aspirant’s CAT score he/ she can secure admission in any of the IIMs in India. Apart from CAT, other popular MBA entrance exams that aspirants should consider appearing for are listed below:
| CMAT | SNAP |
| XAT | MAT |
| IIFT | MAH-CET |
MBA Courses & popular Specialisations
Candidates who want to pursue an MBA degree can consider pursuing any of the following MBA courses – MBA/ PGDM, Executive MBA/ PGDM, Distance MBA, Online MBA, Part-Time MBA etc. Apart from this, candidates are informed that they can pursue a general MBA degree or can even complete an MBA course in a specific specialisation. Some of the popular MBA specialisations that candidates can consider pursuing are listed below:
- Sales and Marketing
- Finance
- Human Resources (HR)
- IT and Systems
- International Business
- Operations
- Healthcare and Hospital
- Retail
- Supply Chain
- Entrepreneurship
Top Career Opportunities after MBA
Aspirants can go through some of the most popular career opportunities after MBA that they can consider pursuing after they complete their course in the below mentioned MBA specialisations:
Career Opportunity after MBA in Sales and Marketing
One of the most sought after MBA specialisation is Sales and Marketing and the primary reason for this is that there is never a dearth of job opportunities after completing MBA in Sales and Marketing course. MBA course in Sales and Marketing opens up job opportunities for aspirants in industries such as retail, banking, hospitality, media and the likes. Some popular job profiles that aspirants can pursue after completing MBA course in Sales and Marketing are listed below:
- Brand Manager
- Marketing Manager
- Market Research Analyst
- Sales Manager
- Product Manager
- Media Planner
- Internet Marketing Manager
Career Opportunity after MBA in Finance
Another very popular MBA specialisation is Finance. In this MBA course, aspirants can specialise in fields such as – International Finance, Taxation, Tax Planning, Investment Management, Insurance Management as well as Financial Statement Reporting and Analysis. Some popular job profiles that aspirants can pursue after completing MBA course in Finance are listed below:
- Financial Manager/Analyst
- Credit Analyst
- Accounting Manager
- Risk and Insurance Manager
- Treasurer
- Finance Manager
- Cash Manager
Career Opportunity after MBA in HR
After completing an MBA degree in HR, aspirants can consider joining as an HR executive at a firm in the Manufacturing Sector, BPO/ IT, Corporate sectors, Service sector, Education sector, Banking sector and the likes. An HR professional is involved in the process of recruiting, orienting, training as well as appraising employees of a company/ organisation.
Candidates who work at the profile of an HR manager perform tasks related to the organisational structure, motivations, morals and overall employee engagement. After completing MBA course in HR, one can kick-start their career as HR Generalist or HR Specialist.
Tasks allocated to an HR Generalist include:
- Recruitment
- Training and Development
- Employee Benefits
- Coordination with Employees
- Payroll Management
- Managing Competition
On the other hand an HR Specialist works on any one category mentioned above.
Career Opportunity after MBA in Operations
Another very popular MBA specialisation is Operations. Candidates are informed that not only is this MBA specialisation popular but it is also a very competitive field. MBA in Operations jobs are available in all industries like manufacturing industry, e-commerce, IT and telecom. Some popular job profiles that aspirants can pursue after completing MBA course in Operations are listed below:
- Supply Chain Manager
- Logistics Manager
- Inventory Control Manager
- Project Managers
- Operations Manager
Career Opportunity after MBA in IT and Systems
Candidates can also opt to pursue an MBA degree in IT and Systems field. By pursuing such an MBA course one is eligible to secure a job with a good pay package in any industry. Some popular job profiles that aspirants can pursue after completing MBA course in IT and Systems are listed below:
- Project Manager
- Business Development Executive/ Manager
- Product Manager
- Marketing Manager
- Analytics Manager
- System Manager
- Data Processing Manager
- Business Analyst
- IT Manager/Consultant
- Information Systems Managers
- Systems Analysts
Apart from the above mentioned job profiles aspirants can also consider pursuing any of the below mentioned careers after an MBA degree:
|
Finance Manager |
Infrastructure Manager |
| Energy & Environment Manager |
Operations Manager |
|
Marketing Manager |
International Business Manager |
| Sales Manager |
Disaster Manager |
|
Human Resources Manager |
IT & Systems Manager |
| Import & Export Manager |
Agriculture & Food Business |
|
NGO Manager |
Digital Marketing Manager |
| Healthcare & Hospital Manager |
Oil & Gas Manager |
|
Data Analytics |
Business Analytics Consultant |
| Entrepreneur |
Advertising Manager |
|
Materials Manager |
Sports Manager |
| Rural Manager |
Supply Chain Manager |
|
Transport & Logistics Manager |
Retail Manager |
| Telecom Manager |
Textile Manager |
|
Public Policy Manager |
Business Manager |
MBA College Placements
MBA colleges are often considered to be the best depending on the campus placements that are offered to graduates. The primary reason why every MBA aspirant wants to secure admission in an IIM is due to the MBA college placements that they offer.
Mentioned below are MBA college placements for the various IIMs in India for the 2018.
IIM MBA College Placements: Average CTC Packages for 2018
|
Name of IIM |
Avg CTC (in Lacs/annum) |
|
24.45 |
|
|
24.02 |
|
| 18.17 | |
| IIM Kozhikode |
17.65 |
| 16.06 | |
| IIM Shillong |
15.51 |
| 14.28 | |
| IIM Udaipur |
13.16 |
| 13.10 | |
| IIM Ranchi |
12.80 |
| 12.30 | |
| IIM Vizag |
12.07 |
| 12.05 | |
| IIM Kashipur |
12.02 |
IIM MBA College Placements: Highest CTC Packages for 2018
|
Name of IIM |
Avg CTC |
|
IIM Ahmedabad |
72 |
| IIM Kolkata |
75 |
|
IIM Indore |
63.45 |
| IIM Kozhikode |
52 |
|
IIM Bangalore |
— |
| IIM Shillong |
26 |
|
IIM Trichy |
31 |
| IIM Udaipur |
19.5 |
|
IIM Raipur |
27.2 |
| IIM Ranchi |
19 |
|
IIM Rohtak |
25.96 |
| IIM Vizag |
14.57 |
|
IIM Nagpur |
19 |
| IIM Kashipur |
53.75 |
Top Recruiters for MBA Graduates
There is a huge demand of MBA graduates in almost every industry. As each company grows there is more and more demand for MBA graduates in the firm. Aspirants can go through the list of top organisations/ companies that hire MBA graduates in India as mentioned in the table below:
|
BCG |
Citibank |
| Deloitte |
ITC |
|
Larsen & Tubro |
Mahindra |
| Avendus |
Samsung |
|
Vodafone |
ITC |
| Reliance |
JP Morgan Chase & Co. |
|
McKinsay & Company |
Nestle |
| ICICI Bank |
EXL |
|
Wipro |
Credit Suisse |
|
Saint Gobain |
HSBC |
| Asian Paints |
McKinsey&Company |
|
RPG |
Flipkart |
| Microland |
GAR |
|
Aditya Birla Group |
Cipla |
| Tata |
Crisil |
|
PWC |
Philips |
| Amazon |
Pidilite |
|
Accenture |
Infosys |
| Microsoft |
Bajaj |
