Career in MBA: Masters in Business Administration i.e., MBA, is a broad field of Administration. A career in MBA is a bright career choice as compared to a Master’s degree in any other subject. If you are someone aspiring to pursue this course, then this article is a suitable read for you, read this article till the end to get major takeaways of choosing a career in MBA.
In this article, you will go through the major disciplines, Admissions in the course, the Scope of the course programme and the associated job profile. We will also tell you about the salary opportunities available for an MBA candidate.
Career in MBA: Masters in Business Administration
MBA is among the prime choice of candidates when it comes to pursuing a postgraduate degree. It is the only subject with the maximum number of Job opportunities within the country as well as outside the country. This is only because the course has a broad area of application and disciplines associated with it. The career in MBA is not limited to the candidates of any specific subject stream. Anyone who wants to pursue it can go for it.
Why pursue MBA?
If you are someone who dreams of making their own venture and want to start a business in future. You need to pursue an MBA. It is the administration, which is required for the effective management of any facility. Candidates with a degree in business administration are required in different fields, ranging from Industries, Marketing, Finance, and Education, and almost every field. In addition to this, MBA aspirant gains a lot of creative business skills as a part of their curriculum.
Skills you need to pursue a career in MBA
For anyone who wants to pursue an MBA, needs to possess various skills, the top one being the skill of leading. If you can lead people, MBA is a perfect career choice for you. It offers you some of the top leading roles in varied job profiles.
In addition, to lead a facility you need the vision to make the facility work under a successful administration. Your solution-seeking approach will be a valuable addition to it. Some of the best colleges/ universities also require the candidate to have work experience.
As you have now gained a brief idea about the programme, now you must be keen on learning about the disciplines under Business Administration. Students willing to pursue a career in MBA, have a wide range of specializations/ Disciplines to choose from. Candidates who can’t pursue the course on a full-time basis can also do it as a part-time or a distance course. Options of open schooling are also available.
To be eligible to pursue an MBA, you need no specific background. Any candidate belonging to Arts, Science or Commerce Majors can go for making a career in it. If we talk about the top disciplines under Business Administration, are IT, HR, Finance, Marketing and Operations. But there is an immense number of programs available in other disciplines as well, these are listed below:
|Oil & Gas
|Hospitality & Tourism
|Audiology & Speech
|Media and Communication
|Finance & Accounts
|Human Resource Management
|Medicine & Surgery
|Animation & Design
|Energy & Environment
|Healthcare & Hospital Administration
|Logistics & Supply Chain
All these disciplines are available as a part of :
- Postgraduate programme
- Postgraduate Diploma (PGDM)- Full time/ Part-time
- Certificate course programs
- Fellow Programs
Course fee of MBA
The fee to pursue MBA under any specialization is not so cheap, but so is the salary you’re going to get as soon as you complete the course program. For the common courses under the MBA program, the fee may range up to anywhere between 3 lakh to 15 lakh, depending upon the type of Institution.
Admission in MBA
As wide are the opportunities, so is the competition. Because the programme is for every field, the competition for it becomes tough. Candidates who are seeking admissions in MBA course programme, they can get admitted to any Business Administration programme through some important Entrance exams like:
If you are someone with good academic grades, then you got a purpose of your grades here. An MBA aspirant is essentially required to possess a good academic background. To get admission into an MBA programme, you need to attain 50%-75% marks in your bachelor’s course program.
Indian Institute of Management, always ranks at the top when it comes to the choice of college. But there are other top colleges/ universities for the people who dream a career in Business Administration. Many other colleges provide admissions under various courses to the candidates who could not make it to the mighty IIMs.
Here, we have prepared a list of some top MBA colleges in India. It includes different Colleges/ Universities and also the IIMs. So, the candidates can choose from these colleges and elevate their career graph.
|Indian Institute of Finance
|Indian Institute of Management
|Institute of Management Technology
|Xavier Labour Relations Institute
|Management Development Institute
|ICFAI Foundation of Higher Education
|Symbiosis Institute of Business Management
|Great lakes institute of management
|Indian Institute of Foreign trade
|International Management Institute
Scope of Masters in Business Administration
A career in MBA is one of the most promising career choices. An MBA professional can work anywhere from a government facility to a private firm. There are tremendous opportunities available in various industries, sectors, companies. An MBA professional can work as a Manager or as an Executive and can also become a CEO with experience.
The growth in the administration sector is also very elevating and you can get promoted to the highest positions in a few years. There are several job profiles offered. Some of the most significant job profiles under MBA have been listed below:
- Marketing Manager
- Management Consultant
- Marketing Executive
- Account Manager
- Brand Manager
- digital Marketing Manager
- Data Analytics Manager
- HR Manager
- Product Manager
- Manager under any private firm
- International Business Manager
- Technical consultant for Businesses
- Business Development Executive
Jobs for MBA
Jobs opportunities under the MBA programme are huge. It offers a wide range of handsome job options for the degree holders in MBA. Any MBA graduate can get a good job efficiently. A candidate with a degree in MBA, get employed from the sectors ranging from science and technology to the commerce and marketing industry. MBA degree holders are recruited by some of the top class companies and institutions like:
- Aditya Birla Group
- P & G
- HCL Technologies
- Ranbaxy Pharma
- Hindustan Unilever Ltd.
- Reliance Industries Ltd.
- Deutsche Bank
- Asian Paints
- Axis Capital
Salary for Masters in Business Administration
Aspirants who have completed an MBA or are pursuing the course, get ready for a luxurious life. Among the many fields of work, management sector is the only sector where candidates can easily secure the highest paychecks. If you’re someone who got those leadership skills, great communication and a work enthusiasm, then the salary will have no bar for you.
Postgraduates in MBA can attain the most handsome salary packages. A fresher, with an MBA degree, can be offered a salary anywhere ranging between 2-3 lakhs. The highest salary has no bar. You can be paid up to any limit depending on the firm/ institution you work for. A well-reputed firm, for an experienced candidate, can offer packages worth Lakhs. Under an IIM, these salary packages can reach up to 25 lakhs.
According to the various industries/ sectors, we have depicted below, the maximum estimated salary of an MBA graduate.
The IT sector forms the major portion of the administration sector, offering some of the highest salaries to the candidates, reaching up to 16 lakhs/ year. Also, the healthcare and the finance sector are among the major sectors showing a huge salary growth. You can choose which programme suits your persona in the best way, among the wide range of career options in MBA and go for it.
There are tremendous job opportunities, after the course completion. MBA graduates get employed to some of the lead positions in their subject area specialization.
Certainly, a degree in MBA is shown to influence the salary. It generally raises your salary, as it is a valuable addition to your specialization.
MBA, as a career option is among the best and the most sought after choices of the candidates. A degree in MBA provides you with some of the best leading management positions.
Some of the maximum paying specializations are:
MBA in Finance, IT, Entrepreneurship, Marketing, Operations sector and Sales.
In India, the maximum starting salary of an MBA graduate, can reach up to 25 lakh/ year.
A fresher, with an MBA degree, can be offered a salary anywhere ranging between 2-3 lakhs, which increases with experience.
Some of the most in-demand specializations are: MBA in Finance, Entrepreneurship, General Management, Consulting and International Management.
For the courses under the MBA program, the fee may range up to anywhere between 3 lakh to 15 lakh, depending upon the type of Institution.
Candidates who are seeking admissions in MBA course programme, they can get admitted to any MBA programme through some important Entrance exams of MBA like XMAT, XAT, CMAT, MAT, GMAT, NMAT, ATMA, SNAP, IBSAT, CAT.
There are several job profiles offered after an MBA. Some of the most significant job profiles under the MBA are Marketing Manager, Management Consultant, Marketing Executive, Account Manager, Brand Manager, Digital Marketing Manager, etc.
I hope this article helps you. You can share your feedback/ opinions on the MBA disciplines in the comment box!