Scope After MBA in India: Career, Jobs, Salary & More

Master of Business Administration [MBA] – Overview

Want to be at the pinnacle of the industry you work in? The Master of Business Administration degree is the degree that will get you there. This postgraduate degree will make you eligible to get a managerial position in any company and play an important role in the growth and success of the company. MBA is a degree for students who want to make it big and be an integral part of a business.

In an MBA degree, students are taught all about business administration. They are also taught about all the many different things and departments involved in the building of a business. Therefore, if you are thinking of doing an MBA course after graduation, you should definitely consider the course.

In the following blog, you will find information on the scope, job profiles, salary figures, statistics and other key demographics related to an MBA degree. This information will help you realise the potential of the degree and make up your mind regarding pursuing it. To know more, you can also check out the following blog all you need to know about MBA degree.

Why You Should Pursue an MBA Degree

Before pursuing any degree, you should know why. What are the advantages and how it is going to help your career?

Here are some reasons why you should pursue an MBA degree.

1. Great Education An MBA degree is one of the best degrees to do after graduation and this degree has a lot of value in the professional world.

2. All Round development – An MBA degree also ensures you develop into a good professional having a good personality, confidence, and leadership skills.

3. Salary & Growth – MBA graduates have some of the highest salaries and the best growth opportunities in the business world.

4. Great Networking – With an MBA, you become a part of a large network of professionals that are working in the finest companies in the world.

5. Increased Knowledge – During the course, your knowledge horizon will expand and you will develop a new perspective. Increasing knowledge becomes a habit.

6. Challenges – If you love challenges, you are truly going to enjoy your MBA training and then working in the professional world.

If you want more reasons to pursue an MBA degree, check out the link given below. Theres detailed information that will make you want to get an MBA, Find more 15 reasons why you should consider MBA degree.

Scope After MBA In India

For the longest time, there was a dearth of professional managers in the Indian industry. But for the last few decades, the scenario has been changing. The industry is now hiring professional MBA degree holders to take up managerial positions in the industry and corporatise everything. This is improving the business and growth of the industry.

Indian MBAs are also supplementing the demand overseas. Theres tough competition between Indian MBA degree holders and Chinese MBA degree holders. However, Indian MBAs have the advantage of being great in English communication. Therefore, with an MBA and the right specialization, you can also look for and get lucrative jobs overseas.

Top 10 Jobs After An MBA Degree

Knowing about the professions that are available to you will give you a good idea of how important an MBA degree is, and the bright future that awaits you.

Below are the top 10 jobs you can get after an MBA degree that belong to different industries. You can consider these after your MBA.

1. Marketing Manager

With an MBA in marketing, you can become a marketing manager in a company that sells products or provides services. Your main job would be to manage the marketing department and market the products & services to increase sales.

2. Sales Manager

Sales is the most important aspect of a business, making the position of sales manager very important. They run the sales departments and have to ensure all salespeople meet sales targets increasing direct sales.

3. HR Manager

In mid-size and large companies, HR departments are necessary for the smooth functioning of the company. They are the ones who ensure the right people are hired and the existing employees of the company are happy.

4.Finance Advisor

For this profession, you will need to do MBA finance, and gain a few years of experience working in the finance industry. As a finance advisor, you will provide investment and capital management advice companies or individuals in exchange for a fee.

5.Business Analyst

This an upcoming profession that needs to be considered seriously. A business analyst makes use of data analytics to provide insights into the past, present, and future of a business. These analytics are used to make important business decisions. The business analyst will soon be one of the most important professions.

6.Investment Banker

Investment bankers help companies raise large amounts of capital. They are financial experts who, through various means, help companies raise capital and expand their businesses. Investment bankers are some of the highest-paid professionals in the MBA world.

7.Business Development Manager

A business development manager develops and grows business through various methods. They are supposed to help with marketing, sales, and even make profitable collaborations. Business development managers are very important to take the business to the next level.

8.Project Manager

Project managers are the people in charge of a certain project. They have to manage all the people involved in the project. They have to plan and execute the project and ensure the project is a success.

9. Business Consultant

Business consultants are professionals whose services businesses hire. They provide consultation services on all matters pertaining to business. One can become eligible for this position after an MBA and getting ample experience in the business world.

10.Chief Technology Officer

Technology is now an integral part of all businesses irrespective of the nature of business. A CTO is a person who looks after all the technical aspects of the business. They are also responsible for the incorporation of new technology. You need to have good eye technology for this position.

Average Salary Based On Job Position

It helps to know about the salary earning potential of each profession. These figures will also inspire you to do an MBA and pursue a career.

Here are some average salary figures based on the job position.

• Marketing Manager – 8.4 lakhs
• Senior Business Analyst – 9.6 lakhs
• Financial Analyst – 4.6 lakhs
• HR Manager – 7.2 lakhs
• Operations Manager – 7.6 lakhs

The figures may differ from organization to organization, but average figures will give you an idea of what to expect and how much you can negotiate.

Top Cities that Offer Lucrative Jobs to MBA Graduates

If you are considering getting an MBA, you should also know about the cities that offer the best jobs and salary packages. This way, you can always aim to move to a city in which you have always wanted to live.

• Mumbai
• Bangalore
• Hyderabad
• Pune
• Delhi
• Gurgaon
• Chennai
• Kolkata
• Ahmedabad

Demographic Distribution of Salaries and Gender Ratio

So, who is choosing to do an MBA, men or women? And what are their salary figures like? Its always good to know about these figures beforehand as they concern you, and paint a clear picture of the industry.

• The MBA world is dominated by men, with 75.7% being men.
• Women occupy 24.3% of the industry, but the numbers are getting higher
• Male MBA graduates make a salary in the range of 2.8 lakhs to 20 lakhs
• Female MBA graduates make a salary in the range of 2.2 lakhs to 20 lakhs

To Sum Up

Hopefully, all the above-given information will give you a clear idea of the scope an MBA has in India in regards to salary, careers, and growth. Surely, you have made your mind to pursue this great degree and give yourself a career that is challenging, exciting, and will bring a lot of money. All the best!

ASMs IBMR is one of the best places for you to do an MBA. Along with excellent education, you will also get placed in the country’s best companies and will be taught to negotiate for a salary that is better than the market average.

Get in touch today with our counsellors to know more and to get complete value for your MBA education.