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MBA Opportunities in India : What is an MBA?
MBA stands for Master of Business Administration. It was first introduced by Harvard University Graduate School of Administration in 1908 which is now known as Harvard Business School, the MBA is the original graduate degree offered by business schools globally.
A master of business administration (MBA) is a graduate degree that provides academic and realistic training for business or investment management. MBA opportunities is designed in such a way that it help graduate candidate to gain a better understanding and vision of business management functions. An MBA degree can have a main focus in various fields that includes accounting, finance, marketing, and relationship management and many more fields are also available after MBA. Management training is the heart of any MBA curriculum, with a focus on many qualities like leadership, planning, business strategy and organizational behavior to carry forward a small and big businesses. To get an admission in an MBA program, an applicant needs to make good score in the Graduate Management Admission Test (GMAT) and be accepted by the curriculum based on its selection criteria.
MBA programs typically include foundation classes in accounting, management, finance, marketing and business law. Increasingly, MBA programs are broadening their center of attention to include training in international business and on the responsibilities and corporate accountability of businesses within their various communities.
The MBA degree is seen as very much essential to enter in particular fields that includes strategic planning, hedge funds and private equity firms. Enlighten MBA alumni includes many CEOs of multinational companies, successful entrepreneurs, and former Presidents, Tim Cook, Satya Nadella, Sundar Pichai, George W Bush, Michael Bloomberg, Sheryl Sandberg and many more.
Who is an MBA degree for?
There is no distinctive MBA student. Earlier MBA students pursued careers in finance or consulting, on the other hand the average MBA class today is packed with students from a broad variety of professional backgrounds. At present there are 69 nationalities represented in the Harvard MBA class of 2022. 44% of students are women and 45 % are US minority students. Students also come from the department of technology industry, manufacturing, healthcare, nonprofits, the media and the military as well as finance and consulting. According the Graduate Management Admission Council (GMAC), the top career motivations for forthcoming MBA students include: salary increase, promotion to senior positions, managing people, and working internationally.
Whatever your background is, if you want to learn management skills and take steps forward in your career; whether you want to start your own business, or progress within your current position in the company, switch function, industry, location, or all three at the same time then MBA is for you only.
“An MBA is not only planned to furnish students for their next job; it’s also a life changing experience that enables students to make career changes in next 5, 10, and 15 years after MBA, credit goes to the skills they learn and the network that lasts long after graduation,” says Virginie Fougea, global director of admissions and financial aid at INSEAD.
Also Check AFMS Course Details
MBA Opportunities in India : Types of MBA programs
Today MBA comes in all shapes and sizes but the traditional full-time MBA degree is the most popular option among the students. Various Business schools offer a variety of types of MBA programs suited to different profiles of students. Given below are the various programs offered by many colleges/universities:
Full-time MBA
The full-time MBA is the unique, immersive, on-campus experience, designed for early and mid-career students who are looking to completely change their career path. The full-time MBA program which is of two year is the most popular course in India.
Part-time MBA
The part-time MBA allows students to do both work and study together, which means that you don’t miss your salary and also on the opportunity cost of pursuing a full-time program. Part-time MBA classes classically take place in variety of formats like in evenings, weekends, or combining online learning with in-person sessions.
Executive MBA
The Executive MBA is targeted at experienced, executive-level professionals with more than 10 years of work experience. EMBA programs bring senior leaders jointly together to up skill and share their knowledge with the participants for bringing their professional projects into the classroom.
Online MBA
The Online MBA is a super-flexible, part-time MBA skill, allowing you to continue working while studying in the comfortable posture at your home. Many online MBAs program allow you to pay per module and plan your own study timetable. This means durations for online MBA programs can vary from person to person, although it will take around two years to complete.
MBA specializations
While MBA is a generalist degree, you can also get specialized in the field you are interested in. Many Business schools offer various MBA specializations including MBAs in healthcare management, business analytics, entrepreneurship, finance, marketing, and HR. You can also chase dual degrees at most business schools, combining your MBA with a specialized business master’s, like the JD MBA, offered both by law and business schools.
TYPES OF MBA PROGRAM
Some of the different MBA degrees you might find Business schools are:
- Accounting
- Business management
- E-business/E-commerce
- Economics
- Entrepreneurship
- Finance
- Global management
- Human resources management
- Information systems
- Leadership
- Marketing
- Operations Management
- Strategic/Risk Management
- Technology Management
MBA Opportunities
What can you do with an MBA degree? A general question that arises in many minds. So the answer for the question is “An MBA degree prepares you for jobs in a wide range of industries and roles”. Jobs that an MBA degree can provide you:
- Finance Manager
- Financial Advisor
- HR Manager
- Investment Banker
- IT Manager
- Management Analyst
- Management Consultant
- Marketing Manager
- Operations Manager
Opportunities in MBA is based on Specialization
Mentioned below are the five main factors that play an important role in the salary of an MBA graduate:
- MBA specialization he/she studied
- Experience of the candidate
- Institute/College
- Industry
- Designation
MBA specialization in Finance
The following sectors might be an appropriate workplace for an MBA in Finance graduate:
- Corporate Finance
- Private Equity
- Credit Risk Management
- Hedge Fund Management
- Asset Management
- Treasury
- Corporate Banking
- Sales and Trading of Stocks
Finance Salary in India
The individual average salary for MBA in Finance job roles are:
| Job Profiles | Salary in India* |
| Project Manager | 1,263,900 |
| Branch Manager (Banking) | 814,174 |
| Research Analyst | 387,500 |
| Credit Analyst | 601,600 |
| Business Analyst | 669,889 |
| Credit Manager | 592,500 |
| SAP Consultant | 655,900 |
MBA Opportunities in India : MBA in Business Analytics
The given below are the sectors that are actively hiring for MBA in Business Analytics graduates are:
- Healthcare
- Information Technology
- Finance
- E-commerce, etc.
Business Analytics Salary in India
There are various choice of job roles one can try for after completing their MBA in Business Analytics degree. The individual average salary for MBA in Business Analytics job roles are:
| Job Profiles | Salary in India* |
| Marketing Analyst | 487,389 |
| Data Analyst | 438,600 |
| Marketing Manager | 685,300 |
| Senior Business Analyst | 994,694 |
| Order Processing Manager | 434,950 |
| Business Analyst (Unspecified Type) | 542,600 |
MBA Opportunities in India : MBA in Marketing
The given below are the job profiles for which MBA in Marketing graduates are actively hired are:
- Analytical Marketing
- Customer Relationship Marketing
- Competitive Marketing
- Online Marketing
- Retailing Management
- Advertising Management
- Product and Brand Management
- Business Marketing
Marketing Salary in India
The respective average salary for MBA in Marketing job roles are:
| Job Profiles | Salary in India* |
| Senior Marketing Manager | 1,342,879 |
| Marketing Manager | 685,490 |
| Senior Business Analyst | 995,494 |
| Business Development Manager | 597,904 |
| Business Development Executive | 299,709 |
| Area Sales Manager | 609,799 |
| Project Manager | 1,263,795 |
MBA HR Salary in India
The respective average salary for MBA in Human Resource job roles are:
| Job Profiles | Salary in India* |
| Vice President (VP), Human Resources (HR) | 3,053,698 |
| Human Resources (HR) Manager | 697,989 |
| Human Resources (HR) Director | 2,625,698 |
| Human Resources (HR) Generalist | 375,989 |
| Human Resources (HR) Officer | 318,769 |
| Sr. Human Resources (HR) Manager | 1,183,999 |
| Consultant, Human Resources (HR) | 498,476 |
MBA in Operations Management
The given below are the job profiles for which MBA operation management graduates are actively hired are:
- Management Consulting
- Retail
- Information Technology
- Logistics
- Hospitality
- Financial Institutions
- Transportation
- Manufacturing
- Construction
MBA in Operations Management Salary in India
The respective average salary for MBA in Operations Management job roles are:
| Job Profiles | Salary in India* |
| SAP Consultant | 655,989 |
| Operations Manager | 766,548 |
| Business Analyst (Unspecified Type) | 542,870 |
| Project Manager, (Unspecified Type / General) | 1,263,975 |
| Business Analyst, IT | 606,900 |
| General / Operations Manager | 1,145,355 |
| Assistant General Manager (AGM) | 1,675,955 |
MBA in International Business
The given below are the job profiles for which an MBA in International Business graduate can seek employment are:
- Export-Import Management
- Hospitality Sector
- International Logistics Companies
- International Marketing
- Compliance Management
- MNCs
- Logistics Management
- Foreign Exchange Management
- International chain of Restaurants
- Travel & Tourism Dept.
MBA in International Business Salary in India
The respective average salary for MBA in International Business job roles are:
| Job Profiles | Salary in India* |
| Team Lead, Operations | 619,500 |
| Business Development Manager | 597,896 |
| Management Consultant | 1,172,567 |
| Marketing Manager | 685,500 |
| Regional Sales Manager | 1,145,309 |
| Operations Manager | 766,399 |
| Relationship Manager | 388,489 |
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