An MBA (Master of Business Administration) is literally an eye-opener for many, a career booster and a platform to establish one’s entrepreneurial skills and dreams. Starting from the basics, covering the significant and advanced information, and equipping the students to be the best in their field of work, pursuing an MBA degree truly transforms a student to adapt and perform efficiently in his/her profession.
Prior to all of this, while conducting a research on the college(s) to apply for an MBA degree, one has to gather information and have a clear choice regarding the specialization he/she wants to go ahead with. Though MBA trains students to be versatile in their career, it is important to know the specialization as it would determine the rest of the program’s structure and what you would be studying in depth.
An MBA program is a rollercoaster journey of multiple things – great education, increased networking, development in personality, knowledge, skillset and overall perception. And thus, organizations are willing to hire MBA graduates considering the exposure they have received and their capabilities. So what can one really do after completing an MBA program? Take a look at some of the industries or sectors one can be a part of post MBA, based on the specializations one opted for:
1. Finance
MBA in Finance is one of the most opted specializations which offers career growth in popular financial sectors like Banking, Insurance, Financial Management, etc. One can look for job opportunities in the following sectors: Corporate banking & finance, asset management, private equity, sales and trading, hedge fund management and credit risk management. Package for candidates in the financial sector is again considered to be an attention grabber. It increases in accordance with the experience and knowledge you gain in this field. Some of the job designations include:
a. Financial Advisor
b. Finance Manager
c. Accounting Manager
d. Financial Analyst
e. Insurance & risk Manager
f. Investment Banker
2. Project Management
Planning and executing a project from scratch and ensuring that it is efficiently completed on time requires a great deal of skills. An MBA in Project Management trains its students to battle all challenges, drawbacks and take in consideration all the advantages of a project to achieve the unique goals presented to them. Job prospects after specializing in Project Management would be majorly in sectors like Information Technology development, Consultation, Construction, etc. Here are some of the job designations to look upto:
a. Project Manager
b. Project Cost Estimator
c. Project Procurement Manager
d. Project Quality Manager
e. Project Risk Manager
f. Project Leader
3. Marketing
Conducting research, identifying target audience, ideating and creating marketing strategies, formulating the business market and achievables seems exciting to all. With passion and proper training in marketing, one can excel in the field due to its dynamic nature and keeps one on their toes considering the challenges they’ll have to solve on a daily basis. An MBA in Marketing exposes its students to create a solid foundation in marketing concepts and practices. In marketing, your decision-making, problem-solving and analytical skills matter a lot. One needs to keenly observe all the trends, changes and behavioural patterns of users to modify, reject and create new strategies for the brand. The industries open for MBA graduates in Marketing are Advertising Agencies, IT companies, FMCG sector, Marketing Companies, etc. And the job designations include:
a. Brand Manager
b. Sales Manager
c. Market Research Analyst
d. Digital Marketing (SEO Manager, Social Media Manager, Growth Hacker, etc.)
e. Business Development Manager
4. Entrepreneurship
An MBA in Entrepreneurship gives you insights in establishing your own business ideas. It provides a multitude of opportunities to help your business ideas come true, understand the pros and cons of it, identify current & upcoming market scenarios, develop business plans and also gives hands-on learning experience on various entrepreneurship related topics. Once you complete your MBA in Entrepreneurship you can seek job for the following designations:
a. Business Owner
b. Corporate Supervisor
c. Business Consultant
d. New Venture Developer
e. Fundraisers and Development Officers
5. Human Resource Management
Every organization functions on the power of the human resources they have. Managing human resources demand skill and experience, and thus, it is one of the most in-demand job designation with plenty of opportunities and even more benefits. An MBA in Human Resource Management helps its students in acquiring the necessary skillset, understanding the industry practices and to perform efficiently with guaranteed results. They can seek career opportunities in IT companies, media houses, retail companies, law firms, agencies, etc.
6. Logistics and Supply Chain Management
Administering the logistics across various channels and taking care of the supply chain requires the professionals to be well-versed in planning, controlling, and coordinating across several platforms. The job profiles post the program is varied and one needs to be well-informed and experienced in planning, managing and controlling matters related to transporting goods and services. MBA graduates in this specialization can look for jobs for the following designations:
a. Supply Chain Manager
b. Logistic Manager
c. Commercial Manager
d. Operations Manager
e. Purchasing Manager
f. Business Manager