In today’s world, earning an MBA from top MBA colleges in India like Chitkara University may lead to professional opportunities in practically every area, from logistics to banking. However, getting work after graduation is not always easy. Before completing their degree, students must ensure that their academic program corresponds to their possible job ambitions.
Also Read: What are the Pros and Cons of doing an MBA in India?
Best MBA Career Options with Rising Salaries
Some of the most promising career options after pursuing an MBA from top B-schools in India include:
Banking and Finance: MBA in Banking and Finance includes protection and investment research, as well as portfolio management. MBA graduates can work in several financial organisations, such as banks, insurance companies, and security agencies.
Investment Banking: Investment banking jobs are in great demand in the domestic market. Professionals with education of MBA in Investment Banking in this field must connect investors with NGOs in need of support.
Information Systems Management: Candidates with advanced technological capabilities are required for degrees in information systems management. These applicants learn about new and enhanced technologies to better support the company. As they interact with the economic and managerial domains, they provide a detailed cost evaluation to be applied to the appropriate technology.
Management Consulting: If you are a problem-solving specialist, management consulting is the perfect job for you. Management consulting specialists must address organisational difficulties. He or she is also accountable for accepting new ideas and techniques for issue resolution.
Entrepreneurship: For MBA graduates today, entrepreneurship has emerged as the preferred job route. The MBA develops academic abilities to become entrepreneurs. If you wish to establish your own business, experience is no longer required. To thrive in this industry, students must be innovative and creative thinkers.
Also Read: Which Specialisation in MBA is best for 2023-24?
MBA Specialisations with High Salaries
Marketing: The MBA (Master of Business Administration), which includes a marketing concentration, is one of the most popular graduate degrees. Marketing students do customer behaviour research and design items that they are likely to purchase. Advertising, branding, market research, and international and online marketing are just a few of the topics covered in marketing classes. MBA marketing Management specialists can find work in advertising agencies, marketing firms, the FMCG sector, financial services, information technology, and other fields. MBA Marketing candidates get an average income of Rs. 752,000 per year, according to PayScale.
Finance: An MBA is a postgraduate degree in finance administration with a focus on managing a company’s finances to fulfill specified financial objectives. The MBA Finance course covers a wide range of topics, including pricing, asset management, risk management, and financial planning.
Students with strong analytical and financial abilities, as well as a solid understanding of financial models and the stock market, should consider a career in finance management. An entry-level investment banker may expect to earn roughly Rs. 680,000 per year. Early-career professionals make around Rs. 870,000 per year with less than 4 years of experience. A mid-level employee with 5–9 years of experience earns Rs. 1,500,000 per year on average.
Human Resource Management (HRM): The MBA HRM program provides information and training in human resource management. An HR professional’s responsibility is to build and maintain an organization’s culture as well as attract and retain top talent. The primary responsibility of the HR professional is to look after the company’s employees. They are among the most important factors in determining a company’s success and longevity.
HR experts’ jobs have recently acquired traction across all sectors of the industry. As a result, HR Management specialists will have lots of job prospects in IT businesses, legal firms, advertising firms, retail enterprises, media houses, newspapers, and so on.
MBA in Human Resource Management candidates may expect to earn Rs. 603,000 per year. The average yearly salary of an MBA HR Manager is Rs. 756,000, and the salary of a Senior HR Manager is close to Rs. 1,000,000.
International Business: Multinational corporations have developed a varied and competitive workforce capable of running worldwide operations. Because the bulk of the workforce is focused on developing enterprises abroad, the ability to compete on a global scale is critical.
As a consequence of the desire to join such a workforce, the popularity of an MBA in International Business in India has increased. Companies that want to expand and build a business in a foreign country require a candidate who has been taught to deal with international difficulties and is familiar with the concepts and theories that can help them get started.
According to PayScale, the average income for an MBA applicant in International business is Rs. 788,000 per year. Some of the leading recruiters are TCS, JP Morgan, Standard Chartered Bank, Accenture, and Capgemini.
Conclusion
The demand for MBAs is predicted to expand in the future due to the wide range of courses offered by an MBA, ranging from finance to analytics. Previously, industries were forced to recruit PHDs and post-graduates to manage data and analytical components. They lacked actual understanding and implementation because they came from academics. This is where MBA students take the initiative.
MBA graduates from Chitkara University can choose to specialise in a variety of sectors, such as finance, investing, analytics, and so on while gaining real business knowledge based on their talents and interests. From a commercial standpoint, this improves their worth. However, if obtained from a reputable university such as Chitkara, an MBA may provide several benefits.
