What Is an MBA?
If a person wants to work in any
business or make a career in a management role they should be holding an MBA
degree that will prepare them to do so there are multiple specializations, some
of which are Sales and Marketing, Finance, Human Resources, IT & Systems,
International Business, Operations, Retail, Supply Chain, etc., Full form of
MBA is Master of business administration.
Why Choose an MBA?
- Salary increment
- Better job opportunities
- Mostly away from technical fields
- Networking with the batch mate and alumni
- Differentiate the resume
- Start a business
Scope of MBA
It is a degree that prepares
students to work in any business also the course aims to prepare managers and
leaders of tomorrow Many MBA courses are available like Executive MBA, Full
Time MBA, Part-Time MBA, etc.
Some of the common
specializations are given below: -
- Sales and Marketing
- Finance
- Human Resources (HR)
- IT and Systems
- International Business
- Operations
- Healthcare and Hospital
- Retail
- Supply Chain
- Entrepreneurship
- Business Analytics
Sales and Marketing Jobs: -
The job in this category is
responsible for doing research and developing marketing opportunities, also
responsible for planning and implementing new sales plans also you can get jobs
like a Brand manager, Sales Manager, B2B Sales Manager, Digital Marketing
Manager, etc.
Salary Prospects: The annual
salary range is anywhere between Rs. 3.5 – 18 lakhs and The salary increases
with experience and can range between Rs. 15 – 40 lakhs p.a.
Finance Jobs
Finance jobs do decision-making
in a company, and they make decisions in areas such as Investment banking, Risk
management, budget making, financial planning, and many more
It can turn you into a Financial
Analyst, Finance Manager, Accounting manager, Private Equity Associate, etc.
Salary prospects: Starting
Salary is Rs 10 – 15 lakhs p.a. Candidates hailing from other institutes may
earn a starting package of Rs 4 – 6 lakhs p.a, Mid-level professionals earn an
annual package of Rs 20 – 30 lakh and senior-level can get Rs. 35 – 50 lakhs
and even above per year.
Human Resource Jobs: -
- Key responsibilities of an HR resource
- Managing talent
- Handling the compensation and employee benefits
- Training new staff members
- Ensuring workplace safety
Jobs can be given as HR Manager,
HR Assistant, or Employee relations manager.
Salary prospects: Entry Level
Salary of Rs 2.5 – 4 lakh p.a. However, For mid-level positions, the annual
salary ranges between Rs. 10-18 lakhs, and senior-level professionals make
nearly Rs. 25 – 40 lakhs p.a.
IT & Systems Jobs
These job profiles take care of
an organization's hardware and software requirements and Jobs offered for this
specialization usually are Project Manager, Product Manager, Business Analyst,
etc.,
Salary Prospect: The average salary of an IT manager is around
13 LPA, whereas entry-level candidates can get around 4.8 LPA also A system
manager can earn between 2 LPA to 8 LPA based on their skills and years of
experience.
Business Analytics Jobs
Need to Analyze data related to
past or present using modern technology and refine the data This is performed
to design future growth.
Salary Prospects: Starting salary
of Business Analytics professionals in India is Rs. 11 lakhs p.a. While
freshers can make around Rs. 5 – 8 lakh p.a and experienced professionals in
the field can earn between Rs. 10 – 18 lakhs p.a, and senior level can take Rs.
30 – 55 lakhs annually.
Operations Jobs
- Forecasting
- Design products
- Handling supply chain processes
- Managing inventory
- Maintaining quality is some of the responsibilities that an operations job handles.
Jobs offered will be Business
Operations Manager, Logistics Manager, etc.
Salary prospects: Starting
salary will be between Rs. 4 – 7.5 lakhs, for mid-level professionals, can take
Rs. 15 -20 lakhs and for senior-level professionals is Rs. 28 – 40 lakhs.
Retail Management Jobs
- Day-to-day supervision is to be taken care of by Retail Management jobs
- Staffing, Sales, and stock management
- Retail Manager can be achieved
MBA in International Business
It is a two-year-long
post-graduation course that helps students learn how to run a global business
If you aim to be a part of MNCs and learn more about international business,
laws, policies, trade, and import regulations, then this is the course for you
also There is ample Scope of MBA after the course as most businesses plan to
expand their reach globally.
After that, they can be recruited
for the international business consultant, export manager, international
marketing manager positions, Global business manager, Logistics manager, or
Foreign Exchange Trader.
Salary Prospect: Average Salary
can be 2.7 LPA to 10 LPA.
MBA in Healthcare Management
MBA in Healthcare Management will
train you to manage various managerial aspects of hospitals, pharmaceutical
companies, and other healthcare systems As the healthcare industry is one of
the most booming industries worldwide, this course opens doors to extensive
opportunities.
Some of the job roles offered
after this course include Hospital CEO, Hospital Administrator, Product manager
for medical device companies, Healthcare Associate, Hospital Operations
Manager, and Health Insurance Manager.
Salary Prospect: The average salary of a Hospital
Administrator is around 4.8 LPA, while the maximum salary can also rise to 10
LPA based on the years of experience. An operations manager’s salary can range
from 3.7 LPA to 10 LPA.
MBA in Luxury Brand Management
The course primarily teaches the
know-how of the luxury industry and the principle concepts it follows to stay
relevant and gain exposure and it has a great blend of entrepreneurial,
managerial, and marketing skills crucial to keeping the luxury industry afloat
also this course, you can get a job as a marketing analyst, retail strategist,
merchandiser, business development officer, brand manager, operations manager,
PR Specialist, etc.
Salary Prospects: Entry-level
candidates can get an average of 3-5 LPA with this job, a brand manager earns
an average of 8.8 LPA, whereas the entry-level average salary starts at around
6.6 LPA.
Career Options After MBA
There are so many Types of Career
Options for in MBA
- Project manager: - They are responsible for the smooth functioning of the project and Their duties include planning, supervising, and ensuring that the project is accomplished within the specified budget.
- Business Analyst: - As a part of the business analyst's responsibilities, one has to evaluate business processes also Requirements have to be anticipated, improvement areas have to be identified, and solutions must be implemented accordingly also Meetings need to be conducted to share ideas along the process So Requirement analysis, documentation, and communication of results also form part of the responsibilities
Digital Marketing Manager
They Have some responsibilities:
-
- Digital marketing campaigns need to be planned also including web, social media, SEO/SEM emails, and display advertisements.
- All digital channels have to be maintained.
- Marketing tools and strategies must be strongly grasped to ensure this is achieved.
- That should be able to lead integrated digital marketing campaigns from end to end.
Business Operations Manager:-
Operation management is the most crucial part of any company and The main
responsibility of a person assuming this role would be to ensure Quality.
Finance Manager:-Any company's further actions are dependent on financial health and Financial health can be measured using financial reports also These reports have to interpret by managerial staff while proposing a further course of action.
Investment planning, forming
financial strategies, analyzing costs, prices, variable contributions, and
results of sales, and comparing a company's actual performance to the business
plans are some of the key responsibilities of a financial manager.
SAP Consultant
Some of the responsibilities include:
- Develop and configure customized SAP solutions.
- Scripts and programs to create user-friendly interfaces and enhance functionalities.
- Should be smooth system integration by deploying SAP solutions.
- Resolve issues to optimize performance.
- Provide SAP system support and end-user training.
Business Intelligence Analyst
A Business Intelligence analyst
analyzes business data in greater detail, it is the key business data is broken
into smaller units and This data is properly gathered, cleaned, and analyzed
The data includes revenue, sales, market information, customer engagement
metrics, etc., of a business, and Tools and data models are programmed to help
visualize and monitor this data, some of the data is interpreted to find
patterns or find scope for improvement in business practices also Market trends
are analyzed to understand how the product needs to adapt according to
market
Product Manager
He has to improve the Product by
customer expectations in his journey from its manufacture to sale invoice and
beyond forms a key responsibility of a product manager, As part of a product
manager's responsibilities, a product manager plays a negotiator communicator,
leader, mediator, and importantly a coach who understands his team's weak and
strong points.
HR Manager
HR Managers plan, coordinate and
supervise the employment of new employees so they are a link to management and
staff also they advise on strategic planning.
Private Equity Associate
They work directly with the
client and understand their needs and This helps them provide the right
direction to invest and maximize the returns to invest on behalf of their
clients.
Sales Manager
A sales manager is responsible
for guiding a sales team to do so While making strategic decisions, sales
managers also analyze sales data and plan to increase sales.
Conclusion
There are so many Types of MBA
Jobs after completing this course, if you pursue the course from a global
university also You will get to explore a new market altogether and get to
learn amazing skills.
Arya College of Engineering andIT teaches the same course MBA also it is a globally renowned and acclaimed
degree that bears a promise of well-paying jobs, to ensure that you end up
landing your dream job, you must identify which MBA specialization best fits
your career goals.
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