What Will be a Career as MBA in next 5 Years?

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What Will be a Career as MBA in next 5 Years?

Every student who invested in the MBA (Master of Business Administration) course wants to see a return on their investment.

Going to a business school can boost your career prospects and, in many industries, having an MBA will give you the edge over the competition.

With an increase in the number of business schools in the MBA program, selecting the right career path becomes important for current MBAs and alumni as it will ensure their career progression.

Life after MBA can head in three directions in India i.e.:

  • Track 1

The fortunate ones get into their dream jobs from the campus while some prefer entrepreneurship and launch their own start-ups.

There’s an uncanny clarity of thought right from the beginning. There’s the right mix of talent, skills, and opportunity.

 

  • Track 2

A lot of folks go for whatever comes their way and get settled into the corporate life. The company brand, the perks & facilities and the social prestige that comes with it all, is sufficient to act as a golden handcuff for them.

 

  • Track 3

After 3-4 years, a few students consider the option of getting back to business school for a second MBA degree. They think a sabbatical is the best option to rejuvenate their careers and gain more clarity about what they really want to do.

If you are hovering precariously around the third career track, then it is advised not to jump into another degree before you’ve addressed the basic questions.

Jumping to decisions about the second degree from a foreign college may end you up in precisely the same situation all over again as it will be several times more expensive than the last MBA.

Whichever career track you see yourself in, stop for a while and do some introspection. The career options after an MBA with specializations in Marketing, Finance, Operations, and Technology are discussed here:

 

  1. Types of jobs after MBA in Marketing

Types of jobs after MBA in Marketing

Better marketing is the panacea prescribed by the companies for themselves to ward off the ills of recession. And thus, MBAs from the Marketing stream is even more sought after.

The MBAs in Marketing get jobs with titles such as brand manager, sales manager, marketing manager, product manager, market research analyst, media planner, and Internet marketing manager.

There are various industries providing good marketing jobs and opportunities in retail, banking, hospitality, media, information technology (IT) and information technology enabled services (ITES), and free-moving consumer goods (FMCG) are lavishly spread before them.

Career progress and salary of MBAs in Marketing depends on their capacity to innovate. Popular companies in the US include Amazon, IBM, L’Oreal, and PepsiCo while in India it includes HDFC Bank, Tata Consultancy Services, Kotak Mahindra Bank, Vodafone, and Amazon, according to Payscale.

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  1. Types of jobs after MBA in Finance

Types of jobs after MBA in Finance

An MBA in Finance is a coveted degree as it provides the graduates with a range of career options.

It is probably because of the reason that the degree program provides an opportunity to the student to specialize in various fields such as international finance, investment management, taxation, tax planning, financial statement reporting and analysis, and insurance management.

It provides jobs with titles which include financial manager/analyst, credit analyst, accounting manager, risk, and insurance manager, treasurer, finance manager, cash manager, chief financial officer, VP (finance), and finance director.

This degree opens up the career opportunities in various sectors such as banking and financial services, investment banking, management consulting, insurance, wealth management, asset finance, and hedge fund management.

Corporate finance is about ensuring that funds are available for a company’s business activities. And the finance field employees earn a very good salary package together with great opportunities.

Some popular US companies include J. P. Morgan Chase & Co., Ernst & Young, Hewlett Packard, Citibank and General Electric.

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  1. Types of jobs after MBA in Operations

Types of jobs after MBA in Operations

Operations management is becoming more and more popular among management aspirants as the number of MBAs in this specialization is going up but so is the competition for jobs.

In the current scenario, Operations Management MBAs can stand out from among other job aspirants by learning about Six Sigma and Lean methodologies.

Operations management originated in the manufacturing industry and today it is a valued specialization across all industries, including telecom, IT, and e-commerce.

It also offers jobs with titles like supply chain manager, logistics manager, inventory control manager, project managers, and operations manager. MBAs in this field can also secure consultant contracts with experience and specialization.

Jobs in the Operation management offer a decent salary package to the aspirants. The popular companies in India providing jobs for operation management include Amazon, Dr. Reddy’s Laboratories, Airtel, TVS Motor Company, and Deloitte.

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  1. Types of jobs after MBA in Technology

Types of jobs after MBA in Technology

All the technology-based companies use the services of technology managers, many of whom have MBAs. So an MBA in Technology can pursue a gainful career in many industries.

An MBA program in Technology usually covers topics such as accounting, global economics, and financial management.

MBAs in IT obtain jobs titles such as project manager, business development executive/manager, product manager, marketing manager, analytics manager, system manager, data processing manager, business analyst, and IT manager/consultant.

With experience, the MBAs in Technology go on to become information systems managers, systems analysts, and chief technology officers.

And non-IT Job titles include technical program manager, senior product manager, and technical product manager.

The salary in this field varies for the fresher and the others in India. IBM, BAE Systems, United Technologies Corporation, Lowe’s Companies, and Atmel Corporation are among popular companies in the US while in India the popular companies include Caterpillar, L&T, TCS, Infosys, Wipro, Accenture, Cap Gemini, SAP, HP, and Cognizant. 

What Will be a Career as MBA in next 5 Years?

Finding the right career path might prove to be one of the difficult tasks while taking the decision. Most of us spend a lot of time deciding and planning for holidays than planning for the best career options that will eventually decide our future.

You first need to focus on what you actually want and which field will interest you more. It’s essential to have a clear understanding where precisely your destination is before heading towards a particular path.

It may take some time to fully realize the value of your MBA in the workplace, but all signs and data point to success for the hard work you put into your degree.

If you go for the right career track after earning your MBA degree then you will have a satisfying job or career after it, with good salary package.

You have to first do a research before joining the Institute for MBA and choosing the field to go for. Check what the career opportunities after the degree, the salaries and the perks, the growth options for you in the field, etc.

Future prospects and growth options decide the current choice of course and investments. If you have an MBA degree from a good business school and you have all the skills and knowledge required you will be at the top of your career in your career in the coming years.

There are a lot of opportunities for the MBAs in almost every industry; you just have to prove your worth in the tough competition that you will have to face.

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