What are the Future Prospects after doing MBA Course?

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What are the Future Prospects after doing MBA Course?

MBA or Master of Business Administration is one the most sought after post-graduation courses in the country which can be attained by students of any stream.

Normally admission to this course is granted through entrance examinations like CAT. It is normally a 2 years program with 2 or more Semesters.

It is an internationally accepted masters (post-graduate) degree that imparts a strong theoretical foundation in business concepts and provides practical opportunities (via internships, group assignments, and individual projects) to test what students learn in the class and also helps in building hard-skills in the areas of management and leadership.

This course also polishes a range of soft-skills like communication and motivation etc. and gives lots of opportunities for future growth. It is a source to start with one’s own venture.

M.B.A. Degree is considered as a ‘Career Accelerator’ and M.B.A. graduates usually command higher salaries across a number of industries in India and abroad too.

With the impact of privatization and liberalization, there is an increased need for managers in almost every business establishment across all the sectors of the economy.

Those with an MBA degree from a reputed business school in India are the real recipient of the benefits due to the changes brought about by the globalization of India’s market economy.

You can earn your MBA degree in area of your choice or interest. There is a list specialization provided by the business schools for this course such as:

  1. Marketing

  2. Finance

  3. Operations/Logistics

  4. HR

  5. Organizational behavior

  6. Business environment

  7. Strategic management, etc.

The subjects taught during the course help the students in gaining in-depth knowledge about the above-mentioned fields. They are also taught how to innovate and come up with ideas of their own to make a business better.

Client relations, consulting, business planning, resource or system analysis, etc. may be a part of your job profile, but let us discuss a more specific view of the job opportunities after doing an MBA:

 

  1. Financial Manager

mba as Financial Manager

Finance is a great choice of subject for MBAs because it is a field that closely aligns with the graduate education. The job of a financial manager is to oversee a company’s financial condition, preparing or reviewing financial reports, analyzing trends and advising the top management personnel on finances and profits.

Candidates having MBA in finance tend to have the analytical abilities and software knowledge required to do the job and thus are required by many companies as financial managers.

And experience in the finance industry will naturally help in further career growth.

You may initially join different companies as trainees or finance managers. And after completing this course, you can also go for further research studies.

Candidates, who have done an MBA in finance, have many job opportunities in government and the private sector. MBA with CA can do its own business in addition to finance.

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  1. Marketing Manager

mba as Marketing Manager

Marketing managers oversee the planning and execution of a multifaceted marketing plan for the companies to help them grow.

 Their job is to set budgets, plan marketing campaigns, and manage staff on the marketing team to conduct market research, launch marketing campaigns and analyze the data collected from each campaign to make improvements.

Subjects like Marketing, Public Relations, Management, Communications and Analysis are a set of required skills for this job profile that are taught to the students during the course.

The goal of marketing managers is to create more brand awareness and bring in sales. Marketing managers must have knowledge about many different types of marketing approaches and must also be skilled at leading a diverse team.

 

  1. Management Consultant

mba as Management Consultant

If you are a problem solver then this is the job that suits you the best. A management consultant specifically required to solve the organizational issues, while embracing the fresh ideas and new methods of problem-solving.

He advises the companies on their management practices and identifies the problems within the organization that may be holding the company back from reaching their goals.

A management consultant is required to have some skill sets such as Management Techniques, Salesmanship, Public Relations and Analysis, taught to the candidates during their course.

 

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  1. Investment Banker

mba as Investment Banker

This is a job in demand. Companies like SBI Capital Markets, Motilal Oswal & Bank of America Continuum, etc. hire candidates for this role. The right candidate functions as an underwriter and he/she have to connect investors to fund-needing organizations.

Investment bankers help the companies in investing and growing their capital through shrewd purchasing of equity and debt. They also provide advice and assistance to the organizations during financial transitions such as acquisitions and mergers.

The candidates must have the acumen to analyze what fits best for the client. Their course includes subjects like Finance, Communications, Sales, and Analysis.

Investment bankers are responsible for ensuring that all the pertinent paperwork is in order and that all the government regulations are followed during any and all transactions with the clients.

 

  1. Operations Manager

mba as Operations Manager

An operations manager is sort of a company’s jack-of-all-trades. Operations management is mainly concerned with planning, organizing and supervising in the contexts of production, manufacturing or the provision of services.

It is a delivery-focused job and ensures that an organization successfully turns inputs to outputs in an efficient manner.

They have to oversee daily operations, purchasing, inventory, coordination between departments, and policy creation. Their responsibilities at the organization may also include hiring employees and negotiating contracts.

However, this job will vary depending on the organization and expectations of the CEO. Therefore, the position of an operations manager requires a great deal of flexibility and multitasking.

The candidate must also have good management and communication skill for this area of work.

 

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  1. IT Manager

mba as IT Manager

The work of an IT manager is to manage a company’s computer systems. That involves ensuring that the computer systems meet a company’s needs, upgrading technology and keeping the system secure.

It also frequently includes managing the IT personnel.

Sometimes companies want managers with IT to experience in a lower-level management position. With the skills to deal with executives, the MBA candidates have the management experience to lead an IT team.

The MBA graduates who stay ahead of the latest technological innovations will have an improved chance of employment for them.

 

  1. HR Manager

mba as HR Manager

With the increasing demands on human resources departments, the need for skilled HR managers is also increasing. An HR manager works on recruiting and hiring for an organization and directing administrative action for the entire company.

As the HR managers work closely with executives and participate in strategic planning thus, experience and an MBA can open advancement into this position.

  1. Management Analyst

mba as Management Analyst

The job of a management analyst is to recommend improvements to companies on costs, personnel, finances, alternate practices or work on solving specific problems. Many of them are self-employed.

Many companies prefer the graduate degree but many of the good management analysts also have an MBA degree. Workers with experience in HR, IT or management are also preferred by the employers.

  1. Hospital Management

mba career in Hospital Management

MBA in Healthcare Management program is designed to provide the budding healthcare professionals with specialized business training in healthcare management, health services, clinical information systems management, global healthcare management, and health services administration.

The disciplines and knowledge that you gain while pursuing an MBA degree strongly increases your chances to enter any of fields discussed above and unlocks the path for advancement, especially when coupled with a few years of experience.

It has been said that “Pleasure in the job puts perfection in the work”. So whatever jobs MBA students opt for, relevant to their domain, the first and foremost important thing is to choose those jobs only in which they think they will be satisfied working for.

Success comes automatically if a person is satisfied with the career path he or she chooses.

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