The scope of MBA is vast. After completing their undergraduate studies, every student pursue this degree. The best aspect about an MBA is that it may be completed after completing your bachelor’s degree in any subject. It makes the difficult task of changing your stream a little easier.
Most businesses are trying to employ MBA graduates these days. This is due to the fact that these students are analytical thinkers with strong communication skills, entrepreneurial ability, and new ideas. To summarise, MBA graduates are exceptional, as the programme is designed to prepare students to excel in all aspects of the business model. As a result, there is a wide range of MBA and post-MBA career opportunities.
The income of an MBA is directly proportional to the quantity of experience a person has. A fresher from a top B-school will undoubtedly receive a better package than a student from a tier-2 or tier-3 institution, but no one can prevent a person from achieving the same pay grade/job if he is good enough.
Companies are looking for multi-skilled employees with knowledge in a variety of fields as well as leadership and management abilities. As a result, the demand for MBA graduates is increasing, resulting in a variety of work prospects.
Marketing managers are in charge of their company’s or department’s marketing campaigns. They are the ones that develop marketing plans for their organization or a product in order to push it ahead.
The following are their responsibilities:
– developing advertising materials to increase sales
– coordinating marketing strategies across multiple mediums
– Managing marketing campaign costs
– experimenting with fresh marketing strategies, etc.
A newly graduated marketing manager makes roughly Rs 4,21,000 per year, which may be increased to Rs 5,17,000 per year after 8 years of experience. A senior marketing manager with over 15 years of experience earns Rs 9,85,000 a year.
Among all MBA jobs, investment banking is likely to provide the highest salary. Those interested in becoming investment bankers should choose finance-related subjects for their master’s degree. Investment bankers are essentially corporate financial counsellors. Investment bankers support their customers in raising funds from the capital markets, providing different financial advice services, and assisting in mergers and acquisitions (equity financing and issuing bonds). A newly graduating investment banker makes roughly Rs 6,80,000 per year, which may be increased to Rs 1,500,000 per year after 8 years of experience.
Business Development Manager
A business development manager is responsible for expanding a company’s business strategy. They should be able to design the organization’s best strategies and financial outcomes.
The following are their goals:
- Creating and implementing growth strategies and plans
- Managing and keeping current client relationships
- Expanding the client
- Having a thorough understanding of business goods and service offerings is essential.
- Creating business plans
- Negotiating with interested parties
- Following industry trends locally and internationally
A newly graduating Business Development Manager makes roughly Rs 3,40,000 per year, with the potential to increase to Rs 700,000 per year after 8 years of experience.
Consultants assist businesses enhance their operations, profitability, and strategy by providing advice and expertise. Because this is a sociable career, it offers several networking opportunities. They are the ones who make sales pitches, analyse data, and predict trends.
A newly graduated consultant makes roughly Rs 4,37,000 per year, with the possibility of increasing this to Rs 1,050,000 per year after 8 years of experience.
A senior consultant with over 15 years of expertise gets Rs 1360,000 per year.
A project manager is a person who is in charge of the entire project. He is in charge of the entire team for that particular project. The project manager must decide on a course of action, estimate the costs, carry it out, and guarantee that it is a success at the end.
To be successful in the profession, project managers need have the following abilities:
- Communication abilities that are effective
- Ability to multitask and handle many project parts at the same time Adequate financial knowledge for projections
- Vision and big-picture thinking
- Planning that is effective
- Conflict resolution skills
A newly graduated project manager makes roughly Rs 1,60,000 per year, which may be increased to Rs 8,500,000 per year after 8 years of experience.
A project manager with more than 15 years of expertise earns a minimum of Rs 1300,000.00 a year.