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The Master in Business Administration (MBA) is a 2-year professional post-graduate degree that offers great career opportunities across various industries. It is one degree that plays an important role in your growth and development and enables you to transform into a complete professional with all the required skill sets.
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MBA CAREER SCOPE Title:MBA career scope Description:The Master in Business Administration (MBA) is a 2-year professional post-graduate degree that offers great career opportunities across various industries. It is one degree that plays an important role in your growth and development and enables you to transform into a complete professional with all the required skill sets. An MBA (Master of Business Administration) degree can significantly enhance career prospects across various industries and roles. Here are some aspects that highlight the career scope of an MBA graduate: 1. Enhanced Skill Set: An MBA equips individuals with a diverse skill set, including leadership, strategic thinking, problem-solving, and decision-making abilities. These skills are highly valued in managerial and leadership positions across industries. 2. Career Advancement: MBA graduates often experience accelerated career growth. They are considered for higher-level positions and executive roles due to their strong business acumen and managerial expertise. 3. Industry Versatility: The degree is not limited to a specific industry. Graduates can transition across various sectors, including finance, healthcare, technology, consulting, and more, depending on their area of specialization. 4. Networking Opportunities: MBA programs often provide extensive networking opportunities with fellow students, alumni, professors, and industry experts. Building a robust professional network can open doors to various career prospects and collaborations. 5. Entrepreneurial Opportunities: Many MBA graduates venture into entrepreneurship, equipped with the knowledge and skills acquired during their studies. The degree provides insights into business planning, market analysis, finance, and management, crucial for launching and managing a successful business. 6. Global Opportunities: With the globalization of businesses, there is a high demand for professionals who understand international markets, cultural nuances, and global business strategies. An MBA with an international focus or experience can be advantageous for such opportunities. 7. Specializations and Concentrations: MBA programs often offer specializations or concentrations (such as finance, marketing, human resources, etc.), allowing graduates to delve deeper into specific areas of interest and become experts in those domains. 8. Higher Earning Potential: On average, MBA graduates command higher salaries compared to those with only undergraduate degrees. The earning potential can significantly increase with experience and expertise in specialized fields. 1
MBA CAREER SCOPE 9. Continuous Learning and Development: Business landscapes evolve, and an MBA provides a foundation for lifelong learning and adaptability to changes in the business environmt Why choose MBA • According to GMAC’s Global Survey, ‘MBA is the most popular choice for graduate-level study among Indian students.’ According to a report by Times of India, the employability of MBA graduates sits at 55%, which is the highest among different professional courses. • There are more than 15K job offers currently on monsterindia.com and more than 58k jobs on naukri.com. • The average annual salary of an MBA in India ranges between INR 4 LPA to INR 8LPA for different specialisations. • Some of the desirable job positions such as Business Operations Management, Marketing manager, Operations Research Analyst, and Management Analyst are considered ‘hot jobs’ according to the US and World News Report. • JOB SPECIALIZATION AVERAGE SALARY MBA Finance INR 7.0 LPA MBA Business Analytics INR 5.0 LPA MBA Marketing INR 7.0 LPA MBA Operations Management INR 8.0 LPA MBA Management Consultant INR 10 LPA MBA International Business INR 8.0 LPA MBA Human Resources Management INR 6.5 LPA MBA Information Technology INR 8.0 LPA MBA Entrepreneurship INR 5 LPA MBA Data Analytics INR 4.3 LPA MBA graduates are in high demand in every sector. As a company grows, the need for a professional arises and there is more and more demand for MBA graduates. Some of the top multinational companies that recruit MBA graduates are: 2
MBA CAREER SCOPE TOP RECURITOR FOR MBA STUDENT Amazon • Google • Hindustan Unilever • Mckinsey & Co. • Bain & Co. • Goldman Sachs • Microsoft • Boston Consulting Group • Coca- Cola Company • JP Morgan Chase & Co. • 3