Gone are the days when aspirants who couldn’t crack IIMs or top business schools in India dropped their dream of pursuing an MBA. In the current scenario, where the Indian economy is at a fast pace, an MBA degree is like a staple to many jobs in the field of marketing, finance, management, technology and human resource management. An MBA degree comes with a responsibility to ace the management front, enhance the productivity of the company and bring positive change to it. For career growth, this degree truly holds significance in India. Employers expect candidates to be technically sound, have good leadership qualities, and have brilliant communication and managerial skills. Let’s delve into some interesting facts that justify why MBA boosts career opportunities.
It paves the way for numerous career options
MBA holder has an ample number of job options to choose from. If you think it’s a myth if you are in India, think again. In fact, multiple MNCs, finance, marketing and human resource units have established their feet in the Indian market, raising huge demand for manpower.
An MBA degree holder possesses great efficiency, practical learning and skills to work in any environment and circle. Nowadays, employers need professionals that can multitask; for instance, they not only manage business plans and productivity but also focus on marketing and finance depending upon their field of specialization.
Some best job roles that can be well-defined and handled by an MBA professional are as under –
- Financial Advisor
- Investment Banker
- Management Analyst
- Information Technology Manager
- Business Consultant
- HR Manager
- Brand Manager
- Marketing Manager
- Sales Manager
- Market Research Analyst
- Product Manager
- Internet Marketing Manager
- Media Planner
- Credit Analyst
- Risk and Insurance Manager
- Accounting Manager
- Treasurer
- Cash Manager
- Finance Manager
Acquiring challenging and creative skills in MBA would definitely push you forward in your career path.
Alluring packages and perks
Ask any of the MBA professionals about the reason for doing the course along with the job; the answer would be the same, that is, to get enticing salary packages and perks. The degree’s value will double if you do an MBA from a well-reputed college or university. It makes students professionally sound and stable to cope with any work pressure and targets. Also, they can contribute more to optimizing the productivity of the organization. If an employer gets all such benefits from an MBA degree holder, why would he be reluctant to give salary hikes and perks to his employees?
This is the reason why there is a huge demand for MBAs in the business industry, and thus such graduates get alluring attractive salary packages and perks.
According to National Institutional Ranking Framework, the average salary an MBA holder gets in India lies between 6 LPA to 23 LPA, depending upon their ranking and business school. If we go by stats, about 55.09% of MBA holders are employable in India.
Entrepreneurship and start-up opportunities
MBA is a great choice if you have sensed that hidden skill of entrepreneurship in you. MBA program paves your way to get into the global marketplace and understand the tricks and techniques of business management. Many reputed colleges and universities take the initiative to develop their own start-up. No need to get messed up with the tough words of successful business tycoons that it is not a cup of tea for all. They also must have started from scratch. This is indeed one of the best benefits of pursuing an MBA.
Growth and security in job
As the current job market is unstable and depends upon many global factors beyond our control, aspirants always risk being left out. MBA is one such degree that leaves an excellent impression in employers’ minds; thus, such degree holders have a high probability of getting jobs. The growth that MBA graduates see is incomparable. Many working professionals try to pursue an MBA to enhance their role’s value and give a newfangled outlook to their nature of work. All in all, there is both career growth and job security for an MBA graduate.
Land on the best MBA specializations
To conquer the corporate world and leave a unique impression, it is important that you understand the significance of MBA specializations. Some brilliant areas of MBA that carry a huge demand in the market are as follows –
- MBA in Financial Market & Banking
- MBA in Construction Management
- MBA in Business Analytics
- MBA in Supply Chain Management & Logistics
- MBA in Finance
- MBA in International Business
- MBA in Human Resource Management
- MBA in Operations
One last thing to consider while pursuing MBA is the college or university, as it lays a great impact on future career growth. Wherever you go, your college follows. IBM or Institute of Business Management, GLA University is one of the best management departments that carry advanced resources, world-class infrastructure, phenomenal set-up, certified faculty and experienced staff in administration. The placement structure of GLA University is very well formulated. There is a separate cell that trains the students for campus placements. MBA would explicitly add value to your professional life and indeed be the reason for your perks, promotions and career growth.