MBA is a versatile degree. There are many prospects and careers after MBA. In today’s world, marketing, industrialization, finance, and education are all expanding. The MBA program has been specially created for candidates who are managing industries or other related fields.
If you’re interested in pursuing this course, this article is a good place to start. Read it through to the end to learn the key lessons to consider when selecting an MBA career.
You will learn about the major disciplines, enrollment requirements, course objectives, and job descriptions associated with each discipline in this article. Additionally, we’ll discuss the salary options open to MBA candidates.
Career in MBA
MBA is the first choice when it comes to post-graduate courses. It is so because the MBA program has a wide range of career opportunities. MBA candidates are not restricted to any particular subject stream. Anyone who wishes to pursue it may do so. Apart from this, if you are looking to go ahead with a new venture or expand your business then the MBA degree will act as a boon for you. It will help you get the work done in a sequential manner.
In addition to this Candidates with a degree in business, and administration is needed in a variety of fields, including industries, marketing, finance, and education, among others. Furthermore, as part of their curriculum, MBA candidates learn a variety of creative business skills.
An MBA degree can be obtained in a large number of disciplines. This shows its variety and acceptability. The candidate can pursue a full-time, part-time, online, or distance MBA whichever suits him. The MBA degree can also be earned by a working professional by the means of the MBA executive.
Before, moving ahead and making a decision about which type of program to choose one must be aware of the benefits and drawbacks of the particular program. The institute should be AICTE and UGC-approved. It should have a good ranking in the country as well as its identity globally.
Here is the list of the disciples in which one can pursue an MBA degree:
|Banking & Finance
All of the discipline courses can be pursue as:
- MBA degree program
- Postgraduate Diploma in Management
- Postgraduate certification in Management
- Short-term program of 3 to 6 months
- Fellowship Program
The minimum eligibility for admission to the MBA program is a graduation degree in any discipline with a minimum of 50% marks. However, there are certain entrance exams that must be clear before admission. The list of the entrance exam is as follows:
- CAT (Common Entrance Test)
- MAT (Management Aptitude Test)
- XAT (Xaveir Aptitude Test)
- CMAT (Common Management Admission Test)
- GMAT (Graduate Management Admission Test)
- NMAT (NMIMS Management Aptitude Test)
- AMAT (AIMS Test for Management Admissions)
- SNAP (Symbiosis National Aptitude Online Test )
- IBSAT (ICFAI Business Studies Aptitude Test )
- IIFT (Indian Institute of Foreign Trade Admission Test)
The minimum passing marks in every exam vary. Furthermore, after passing the entrance exam the candidates can fill out the online application form available at the institute or B-School website. Once the application is submitted the eligible candidates are called for the group discussion. The last step in the admission process is a personal Interview.
However, the cumulative score of the qualifying exam, group discussion, personal interview, and academic records are used to determine admission to the MBA program. Good academic records play a vital role in the admission process. Here, we have listed down the top 10 MBA in India offering distance learning programs in management:
List of top 10 MBA colleges in India
|Name of Institute
|NIRF Ranking 2022
|Symbiosis Institute of Business Management
|Amity University, Noida
|Indian Institute of Foreign Trade, New Delhi
|Narsee Monjee Institute of Management Studies (NMIMS), Mumbai
|Great Lakes Institue of Management Studies, Chennai
|ICFAI Foundation for Higher Education, Hyderabad
|S. P. Jain Institute of Management & Research, Bangalore
IIMs are the prominent choice for any management student but there are institutes apart from IIM that also provides world-class education. In India, we have more than 5000 MBA colleges. So, choosing an MBA college should be based on some criteria. Read: Tips to Help You Choose Your Online MBA Program
The MBA program’s scope is expanding each and every day. One of the popular professional programs that are job-oriented and is sought after by students is the MBA. After completing your degree, you will have numerous job opportunities in the industrial world. In terms of designation, you could be a manager or an executive.
MBAs are among the top management of any organization, which is why you can reach the top level after earning the degree course. Some of the qualities of an MBA aspirant are leadership, decision-making, problem-solving, handling pressure or stress, conflict management, and so on.
Therefore, after earning the MBA degree you can quickly grow and advance in your career. There is no doubt that recruiters also prefer the MBA professional as compared to the other degree course. It is a versatile degree and always helps the business to grow.
All sectors, including the public and government, have a variety of businesses, institutions, and other organizations that are relevant to the fields where an MBA professional might find employment. MBAs find their place in each and every organization. They act as a backbone for the establishment and development of the business.
Some of the career prospects after completing the MBA degree are:
|Digital Marketing Manager
MBA Jobs & Salary
There are immense job opportunities after completing the MBA program. The MBA jobs are highly payable and have good career opportunities. The candidate can rise to the highest level of management with experience and career advancement. Top companies around the world prefer hiring candidates having an MBA degree.
Some of the top business giants who recruit MBAs are:
|P & G
The salary of an MBA candidate depends on the factors such as institutes, specialization chosen, company, or firm that is hiring. Among all the professional courses the MBAs are the one that recieve hefty packages. Furthermore, if you hone managerial skills such as leadership, problem-solving, decision-making, and handling conflict then the salary is no bar for you.
A fresher with an MBA degree may be offered a salary of between 2-3 lakhs. There is no ceiling on the highest salary. Depending on the firm/institution you work for, you can be paid up to any limit. A reputable firm may offer a package worth Lakhs to an experienced candidate. Salary packages at an IIM can reach up to 25 lakhs.
As per the survey, the highest-paid job for an MBA is in the IT sector. You can get up to 16 lakhs of the package as a fresher. After IT, healthcare and operation management is the most paid MBA. So, MBAs receive handsome packages and also have good career opportunities.
Apart from this, some of the best-paid MBA specializations are Finance, IT, Entrepreneurship, Marketing, Operations sector, and Sales. So, if you want to boost your career and advance in the management field the MBA is the best degree to pursue.
College compares help you in getting a better understanding of management-related queries. If you are looking to move forward in the management field then this is the right track that can help you in shaping your career.
Wishing you all the best for your future!