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28 July,2022 | By Brainwonders
Many people who aspire to be successful in business today believe that the best way to get there is to earn a Master of Business Administration, or MBA, degree. Students who are considering pursuing a Master of Business Administration should, however, constantly ask themselves the following questions before making the decision to do so:
Why do they want to pursue an MBA degree, and what is the scope of their career after MBA?
A Master of Business Administration degree is widely believed to catapult a person's career to new heights. This is a frequent misconception. Nevertheless, alas, this is not always the case. After receiving their MBA degree, not all candidates are immediately successful in obtaining their desired job and beginning to earn an excellent salary. Therefore, each person needs to have clearly articulated objectives in order to have any chance of having a fruitful job after completing an MBA programme.
Aspirants often contemplate earning a Master of Business Administration degree for a variety of reasons, including the following:
The Common Admissions Test (CAT) is widely regarded as one of the most competitive MBA entry examinations. There were approximately 1.9 lakh people who applied to take the CAT, which is a management entrance exam.
A prospective student can gain admission to any of India's IIMs by earning a certain score on the Common Admissions Test (CAT). In addition to the Common Admissions Test (CAT), the following are some more common MBA entry examinations that prospective students might consider taking:
Candidates who are interested in earning an MBA degree have the option of enrolling in one of the following MBA programmes:
In addition to this, candidates are advised that they have the option of pursuing a basic Master of Business Administration degree or even finishing an MBA course with a focus on a particular area of concentration. The following is a list of some of the more common areas of concentration that applicants for the MBA can think about pursuing:
Following is a list of some of the most prominent employment prospects after MBA that aspirants can consider pursuing once they have finished their degree in one of the following MBA specialisations:
The fact that there is never a shortage of career prospects for those who have completed an MBA in Sales and Marketing course is the key reason why MBA in Sales and Marketing is one of the most in-demand areas of concentration for business administration degrees.
Those who complete an MBA programme with a focus on sales and marketing can increase their employability in a variety of fields, including banking, hospitality, media, and retail, among others. Following is a list of some popular job positions that applicants can pursue after completing an MBA programme with a concentration in Sales & Marketing:
Another one of the most sought-after concentrations for an MBA is in Finance. Aspiring business leaders have the opportunity to concentrate their studies in areas such as international finance, taxation, tax planning, investment management, insurance management, and financial statement reporting and analysis within the context of this Master of Business Administration programme. Following is a list of some of the most common job profiles that aspiring individuals can pursue after completing an MBA programme in Finance.
Aspirants who have earned an MBA degree in human resources and are interested in working in the field may want to consider applying for a position as an HR executive at a company in the corporate sector, the BPO/IT sector, the service sector, the education sector, the banking sector, or a sector similar to these. A professional in human resources is someone who is involved in the process of hiring new workers for a company or organisation, as well as in their orientation, training, and evaluation.
Candidates that work at the profile of an HR manager execute activities linked to the organisational structure, as well as employee involvement overall, motives, and morals. After completing a Human Resources (HR) course for an MBA, a person can launch their career in HR either as a Generalist or a Specialist.
Included in the list of responsibilities of an HR Generalist are the following:
Another extremely fashionable subfield of the MBA is Operations. Candidates are made aware that not only is this MBA specialisation extremely popular, but also that it is an extremely competitive field.
Jobs requiring an MBA in Operations are available in all sectors, including the manufacturing sector, e-commerce, information technology, and telecommunications.
Following is a list of some of the most sought-after job profiles that candidates can pursue after completing an MBA programme in Operations:
Candidates also have the option of obtaining a Master of Business Administration degree in the information technology and systems discipline. A person who completes a programme like this for their MBA increases their chances of finding work in any sector that offers a solid salary and benefits package. The following is a list of some popular career profiles that applicants might pursue after completing an MBA course in Information Technology and Systems:
Management of logistics and supply chains is an extremely important function in many different industries, including retail, manufacturing, and e-commerce, amongst others. The progression of technology has compelled companies to place a greater emphasis on this domain than they ever have before.
The candidate will be trained to improve the effectiveness of processes by putting into place solutions that are more cost-effective after completing an MBA in this area. The candidate will obtain knowledge on a variety of subjects, some of which include strategic management, organisational behaviour, customs procedures, the application of information technology in a supply chain, and other related areas.
Aspirants who earn an MBA in Logistics and Supply Chain Management have the opportunity to secure high-paying jobs in the following profiles after completing their studies:
Today's world is being moulded by enterprising individuals. Having a Master of Business Administration in this area is really helpful. One is able to start their own businesses on their own, contribute to the world in a positive way, and be successful if they have it. The training also paves the way for entry into a great many other fields.
Students get the opportunity to build essential competence in areas such as accounting, marketing, and licencing, amongst others, while also learning about appropriate business ethics, networking, and leadership skills.
After obtaining an MBA in Entrepreneurship, some of the finest career options include the following:
An MBA in International Business paves the way for gratifying job prospects in a variety of countries. Because of the increasing economic interdependence of nations, this industry is poised for significant growth in the coming years. MBA students who choose to specialise in this field receive in-depth education on topics such as international market competition, export and import practises, international finance standards, international customs legislation, and more.
Following completion of an MBA in International Business, some of the most common career paths include the following:
Students who earn a Master of Business Administration in Healthcare Management have a better chance of being hired for a variety of management positions in various kinds of medical facilities. Students that attend this institution acquire knowledge on morality, policy-making, crucial day-to-day activities, and administrative responsibilities. Graduates of healthcare administration MBA programmes may find employment in a variety of fields, including the following:
Aspirants can secure their desired employment after completing an MBA in healthcare management, including the following:
The retail industry is thriving and is consistently evolving to meet the ever-changing needs of its customers. Aspiring retail managers will benefit from taking courses in customer relationship management, marketing, and global retail market rivalry if they pursue a Master of Business Administration in Retail Management. After completing an MBA programme, the most desirable job profiles in this specialised industry are as follows:
Today, there is a growing interest in business analytics. An MBA in Business Analytics can open doors to employment prospects in a variety of fields, including as the public sector, education, the financial sector, and the software development industry. This already lengthy list of industries is only going to get longer over the next few years.
This is due to the fact that you will have an in-depth understanding of survey software, the ability to use several different forms of data analytics, acquire abilities in data visualisation, and more. Therefore, if you complete an MBA programme with a concentration in business analytics, you will be qualified for the positions listed below.
The quality of on-campus employment opportunities available to MBA programme graduates is a common factor in determining which schools are regarded as the best overall.
The MBA college placements that IIMs provide are the key incentive for prospective MBA students to work toward gaining entry into one of these prestigious institutions.
IIM MBA College Placements: Mean CTC Packages for 2022 Placements from all IIMs are over ten lakh rupees (LPA).
MBA graduates are in extremely high demand across practically all sectors of the economy.
MBA graduates are in increasingly high demand in every organisation as the companies continue to expand their operations.
Aspirants can peruse the following table to familiarise themselves with the top organisations and corporations in India that are currently hiring MBA graduates:
You now know that getting an MBA in a sector with a lot of job opportunities can help you advance in your career.After earning an MBA, you will have a greater variety of employment opportunities because you will have developed a wider range of technical and soft abilities.
Pursuing higher education in the relevant discipline is the initial step toward a career. You can get the training you need to do what you want to do at some of the best educational institutions in the world.
So, tell me, what exactly are you anticipating?
Get in touch with our team of knowledgeable Educational counsellors at Brainwonders to learn more about pursuing MBA and schedule a no-cost consultation appointment right away. To know more about the Careers, you must read our site, The Careers Hub.
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