Students may have so many questions in mind regarding the job opportunities after MBA in India. CollegeDekho has come up with all the details relating to jobs opportunities after MBA in India, career, scope, salary and factors to consider before taking up a job.
MBA aspirants must make sure that getting a job after MBA is not a difficult task. Job opportunities after MBA in India are wide, and it is the responsibility of the students to pick up the right job from the options available. While considering the job opportunities after MBA, the students must make a list of options, analyse the pros and cons and weed out the thorns to weave the path of success.
Students may have so many questions in mind regarding the job opportunities after MBA in India such as job scope, nature of work, roles and responsibilities, skills required and others. Some students plan to choose a job that is interesting rather than picking up a job that pays more and vice-versa. It is always important to analyse whether a particular job suits you or not.
In this article, CollegeDekho has come up with all the details relating to jobs opportunities after MBA in India, career, scope, salary and factors to consider before taking up a job.
Table of Contents
Also Read: All About Part Time MBA - Benefits, Scope, Opportunities, Top Colleges
What is the Purpose of Pursuing MBA?
No student pursues a course without a purpose. There may be numerous reasons for taking up a particular course. Before jumping into the job opportunities after MBA and career prospects, it is important to analyse and understand the purpose of pursuing an MBA course.
- As per the latest scenario, many students prefer MBA course to acquire the skills necessary to start a business/ start-up/ turn into an entrepreneur.
- MBA gives a good career start and leads to a wide scope for career development and skills.
- Experienced professionals take up MBA course to make a shift in career.
- MBA course gives scope for innovative outlook.
- MBA graduates will have the capability to network with the best in the market.
- MBA degree offers a brand value to you.
- MBA degree not only enhances professional growth but also personal growth.
- MBA graduates have enough chances to work outside their native places so that they can gain enough exposure and understand the market conditions in different regions.
From the above points, it is quite evident that an MBA offers an excellent career path. However, MBA students must enhance their skills while pursuing the course. Some important skills such as Communication Skills, Language Proficiency etc. are mandatory to excel in the management field.
Also Read: List of MBA Colleges Accepting 80-90 Percentile in CAT
Factors to Consider Before Taking Up a Job:
Before exploring job opportunities after MBA in India, it is also important to understand some of the factors that are necessary to take up a job: -
Organisation: When you are ready to take up a job in an organisation, it is essential to analyse the nature of work in the respective organisation, the scope for career development, success, failures and future plans of the organisation, additional details of the company available on different sources and goodwill of the company. These factors will help the candidates to figure out whether their choice is right or wrong.
Job Profile: Instead of accepting every job that comes your way, aim for a specific job that suits you. Even though searching the right job takes some time, patience plays a key factor here. Similarly, do not accept a role based on pay, but think about taking a job based on your title, as it will help you develop/ rise on the path of professionalism.
Also Read:Difference between MBA Vs PGDM - Which is Better?
Location of Job: If you are taking up a job outside your native place/ location, try to analyse the cost of living, accommodation and transportation. You should make a detailed comparison of the salary you earn and expenses towards the cost of living.
Other Factors: Some of the other factors that you can consider before taking a job are: -
Job Opportunities after MBA in India and Career Scope:
MBA students must have complete knowledge of job opportunities available after MBA in India. Based on that, you will have to nurture your career interest. Business planning, consulting, client relations, resources or system analysis are expected to be a part of your job profile. However, let us take a more specific view of the job opportunities available after MBA in India: -
Banking & Finance: The Banking & Finance domain includes portfolio management and security & investment analysis. MBA graduates can find jobs in banks, insurance companies, security firms and various financial organisations. Some of the top companies that offer jobs in this domain are Barclays, RBS, Nomura, JP Morgan, Goldman Sachs etc.
Also Read: Distance MBA in India: Top Distance MBA Colleges, Courses & Fees
As far as the banks concerned, jobs are available in both public and private sector banks. For getting jobs in public sector banks, students need to clear the recruitment exams conducted by the respective banks. For jobs in private banks, students need to take part in the selection process conducted by banks that involve Group Discussion, Personal Interview, Written Ability Test etc.
Investment Banking: Jobs in the investment banking area have high demand in the market. Some of the top companies that hire suitable candidates for this role are Bank of American Continuum, Motilal Oswal, SBI Capital Markets etc., The responsibility of the employees in this field is to connect investors to fund-needing organisations.
Management Consulting: If you are good at problem-solving, jobs in management consulting are most suitable for you. The responsibility of professionals in management consulting is to solve organisational issues. He/she is also responsible for embracing fresh ideas and new problem-solving methods.
Some of the popular companies that hire MBA graduates as management consultants are Cartesian Consulting, PeopleStrong, Deloitte, Michael Page, Infosys Management Consulting, PwC, KPMG, BCC (Bain) and Cognizant Business Consulting.
Also Read:Distance Learning MBA Vs Part Time MBA - Check Which is Better for You
Entrepreneurship: Nowadays, entrepreneurship has turned out to be the most favourite option among MBA graduates. The MBA enhances the capability of the students to become an entrepreneur. Experience does not matter if you want to become an entrepreneur. Students need creative and innovative skills to excel in this career.
Data Analytics: Due to the digital revolution, big data has become significant for all types of business such as e-commerce, retail, banking and management. Many popular B-Schools have started offering data analytics course in MBA. Popular companies such as LatentView Analysis, Fractal Analytics etc., hire MBA graduates as data analysts or data scientists.
Private Equity: Similar to investment banking, the investment acumen of a person comes into action in a job profile associated with private equity. Job opportunities in this domain are wide and some of the popular companies that recruit MBA graduates for job roles in private equity are Fullerton, Fidelity Investments, Axis Securities, JP Morgan Chase, Kotak Wealth Management, Bajaj Finserv, ICIC Prudential Asset Management, Indiabulls Housing Finance etc.
If you want to know about employment opportunities after MBA then you can question at Collegedekho QnA zone.
Salary Offered to MBA Graduates in India:
The complete details pertaining to the minimum, average and highest salary offered to MBA graduates in India: -
Job Profile/Role | Minimum Salary Per Annum | Average Salary Per Annum | Maximum Salary Per Annum |
Rs. 3,89,000 | Rs. 7,97,786 | Rs. 10,60,000 | |
Senior Business Analyst | Rs. 4,76,000 | Rs. 9,44,493 | Rs. 11,70,000 |
Human Resource Generalist | Rs. 1,59,000 | Rs. 2,94,138 | Rs. 6,78,000 |
Rs. 2,98,000 | Rs. 7,56,522 | Rs. 11,90,000 | |
Business Development Manager | Rs. 2,59,000 | Rs. 6,01,423 | Rs. 11,40,000 |
Rs. 3,19,000 | Rs. 7,38,960 | Rs. 11,70,000 | |
Rs. 181,000 | Rs. 3,18,081 | Rs. 5,93,000 | |
Rs. 5,01,000 | Rs. 12,38,000 | Rs. 20,00,000 | |
Assistant Human Resources Manager | Rs. 2,92,000 | Rs. 5,31,567 | Rs. 9,42,000 |
Rs. 2,03,000 | Rs. 4,24,954 | Rs. 9,59,000 | |
Rs. 1,67,000 | Rs. 3,05,043 | Rs. 5,54,000 | |
Business Analyst (IT) | Rs. 3,02,000 | Rs. 5,96,465 | Rs. 11,00,000 |
Area Sales Manager | Rs. 4,07,000 | Rs. 7,81,611 | Rs. 11,40,000 |
Senior Sales Executive | Rs. 2,20,000 | Rs. 3,99,836 | Rs. 7,22,000 |
Executive Assistant | Rs. 1,48,000 | Rs. 3,24,264 | Rs. 8,09,000 |
Rs. 2,23,000 | Rs. 4,38,313 | Rs. 8,47,000 | |
Rs. 5,57,000 | Rs. 11,83,000 | Rs. 20,00,000 | |
Finance Manager | Rs. 5,22,000 | Rs. 11,42,000 | Rs. 23,00,000 |
Account Manager | Rs. 3,39,000 | Rs. 7,00,000 | Rs. 15,00,000 |
Rs. 5,62,000 | Rs. 13,50,000 | Rs. 20,00,000 |
Note: The above-mentioned figures are just approximate, and it may vary from individual to individual and company to company.
Also Read: Executive MBA Courses Offered by Top B-schools: Fees, Application Dates & More
Popular Cities that Offer Lucrative Jobs to MBA Graduates:
Here is the list of some of the popular cities in India that attract MBA graduates: -
Gender Ratio in Jobs after MBA:
In India, 76% of males are engaged in management jobs while 24% of females are working in various domains of business management.
Also Read: Top 10 Highest Paying Management Jobs in India
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