Career in MBA Finance, HR, Marketing: Admission, Scope, Jobs & Salary
Hello MBA aspirants! MBA. What is the career in MBA? must be the first thing comes in minds of students who wish to pursue MBA degree program. MBA degree is an exceedingly valued degree designed to develop the skills required for careers in business and management.
Earning an MBA degree allows you to learn how to successfully manage, lead, organize and adapt to a variety of business environment. If you are seeking to launch a progressive career in MBA and also want to nurture an innovative outlook then MBA program is destined for you.
Aspirants as we all know that MBA has gained popularity over the years. If you are working professionals and willing to continue your further studies then there is no good option than Distance MBA.
An MBA program provides you the wealth of opportunities as MBA salary and scope are noteworthy. You can also choose Executive MBA for more opportunities it is best for working professionals.
MBA is a master degree course that provides theoretical and practical knowledge of business functions.
It is a level up from the undergraduate business degree course. Aspirant’s career in MBA is really fascinating. MBA career offers you with lucrative salary package the reason why a student is inclined toward pursuing this course.
To get admission into MBA candidates have to undergo various MBA Entrance exam required by the topmost colleges in order to pursue MBA.
Career-wise there is a varied option in MBA. All the specializations in MBA are in constant demand. Be it finance, marketing, HR or IT etc.
It is no doubt the most trending course among the students.
MBA degree is essential to enter certain fields. As we can see there is a remarkable scope of career in MBA finance and career in MBA in HR.
Candidates who have completed the Graduation courses are looking forward to pursuing an MBA degree is curious to know how to make a career in MBA?
Career in MBA? (Masters in Business Administration)
A career with MBA degree has lots of jobs avenues and varied career opportunities for you.
Comrades MBA is a two-year degree course program after pursuing bachelors in business administration.
I have enlisted a few reasons why you should pursue MBA as a career option
If you want to opt MBA as a career option or career in business consulting and finance career than definitely MBA course is destined for you.
- Expand your horizons – Candidates if you pursue MBA course you will read the case study of various corporate organization. You will inculcate valuable business lesson from the corporate organization
- People who are passionate about starting up their business ventures MBA is going to be the best option for them.
- Our Indian economy requires MBAs students. The startup in India consistently needs skilled and expertise professional to carry operations.
- Students with MBA degree are entitled to handsome salary packages and got placed to top companies.
- Bank sector, hospitality industry, top companies recommend MBAs student to carry operations at a high level.
- It is to be noted that placement record in B-schools IIMs, FMS, IIFT, SPJIMR, MDI, NITIE, NMIMS, JBIMS, IMI, IMT are high. It keeps on increasing it has gone up by 10 to 40%.
- Candidates you can apply for the high post if you are an MBA. The degree has its value. There are certain posts which specifically require students to have MBA degree as a must requirement.
- MBA is the gateway to join the super CEO list
MBA course programme imbibes you knowledge regarding business functions and operations.
- After pursuing MBA degree you will offer with varied jobs and career options. You can even initiate your own startup
- Having MBA degree definitely gives depth to your resume candidates holding MBA degree are considered first for Job vacancy due to advance knowledge and high qualification.
- Candidates with MBA degree are selected as high paid managers. If you have scored well in the MBA exam then possibly you have great chances of placement in the top corporate company.
- MBA programs give you exposures. You can even be invited to the B-schools to impart valuable lessons on management and business.
- You can even consider a career in academics or lectureship in various B school in your specialized field.
- Various private banks select MBA experts to carry out their operations.
You must be now well aware of that career of MBA students is bright and has a great scope for growth and promotion.
Some of the general reasons to pursue masters in business management are:
Comrades MBA as a career option is enticing. Jobs after MBA in India are vast.
- To give a kick start launch to a progressive career
- MBA as a career option is enticing
The core courses you may opt in the MBA are as follows
Finance, marketing, human resource management, informational technology, tourism, and hotels etc.
- To foster an innovative outlook
- Too add brand value to yourself
- To enhance your personality
- If you are planning to be an entrepreneur
- To have the best network
Candidates every organization required qualified personnel to carry out the task efficiently and in a productive manner. Various company conduct placements in B school and select the eligible candidates for the desired post.
Candidates, now you are well acquainted with the benefits MBA has to offer. You can now able to weight the benefits versus the cost of pursuing MBA.
Current Scenario of MBA in India
Pursuing MBA degree equips you with relevant industrial and corporate skills enhance your capacity and drive an entrepreneur in you.
There is no doubt in saying that career in MBA has great scope for the youth.
It is to be highlighted that the economic scenario has undergone key changes. Reportedly the bank sector has come up with the ambitious hiring plans for both officers and administrative staff.
The postgraduate diploma course is offered in the management and business schools. The duration of the course is usually 2 years.
A career in MBA finance is considered one of the most trending and in huge demand. The demand for such professionals is inevitable in almost every organization.
There are approximately 1600 B-Schools in India.
Aspirants let us have a look at the entrance exam conducted for admission into MBA.
In order to get admission in top B-schools or institutes, you must secure sufficient exam in the entrance exam.
Entrance Exams For Admission in MBA
|Conducted By||Name of Entrance Exam|
|Punjab Technical University||Punjab Technical University Entrance Test for MBA/MCA PAMCAT & MET|
|Symbiosis University||SNAP (for Management Institutes under the Symbiosis University – SCMHRD, SIBM Pune, SIBM Bangalore, SIIB, SIOM, SCIT, SITM, SIMC, SSBM)|
|TISS (Tata Institute of Social Sciences, Mumbai)||Tata Institute of Social Sciences MBA Entrance Exam (Social Management/Entrepreneurship)|
|Faculty Of Management Studies (FMS), University of Delhi||Faculty of Management Studies (FMS), University of Delhi MBA Entrance Test|
|All India Management Association (AIMA)||Management Aptitude Test (MAT)|
|ATMA||AIMS Test For Management Admissions (ATMA)|
|State of Andhra Pradesh||Integrated Common Entrance Test (ICET)|
|Indian Institute of Foreign Trade (IIFT)||Indian Institute of Foreign Trade (IIFT) MBA Entrance Exam|
|Aligarh Muslim University||Aligarh Muslim University AMU MBA Entrance Exam|
|Birla Institute of Management Technology||BIMTECH – Birla Institute of Management Technology MBA Entrance Exam|
|Asia Pacific Institute of Management||Asia Pacific Institute of Management MBA Entrance Test|
|Bharati Vidyapeeth University||Bharati Vidyapeeth University MBA Entrance Exam Pune All India Entrance Test Admission to Management Courses|
|AIMT – Army Institute of Management & Technology||AIMT MBA Entrance Test AIMT – Army Institute of Management & Technology MBA Entrance Exam|
|BIM – Bharathidasan Institute of Management (BIM)||BIM – Bharathidasan Institute of Management (BIM) MBA Entrance Exam.|
|CMAT – Calibre Management Aptitude Test||CMAT – Calibre Management Aptitude Test CMAT MBA Entrance Test|
|EMAT||EMAT – Electronic Management Aptitude Test EMAT MBA Entrance Test|
|EMPI – Entrepreneurship & Management Process International Business||EMPI MBA Entrance Exam|
|FORE School of Management||FSM Entrance – FORE School of Management FSM MBA Entrance Test|
|HP CMAT||HP CMAT – Himachal Pradesh Combined Management Aptitude Test HP CMAT|
|GIM – Goa Institute of Management||GIM MBA Entrance Test|
|Indira Gandhi National Open University||IGNOU OPENMAT – Indira Gandhi National Open University OPEN Management Admission Test IGNOU OPENMAT MBA Entrance Exam|
|ICFAI Business School||IBSAT – ICFAI Business School Aptitude Test IBSAT MBA Entrance Exam|
|International Management Institute||IMI PGDM – International Management Institute IMI MBA Entrance Exam|
|GMAT||GMAT – Graduate Management Admission Test GMAT Exam|
|Indian School of Mines University||ISMU MBA – Indian School of Mines University ISMU MBA Entrance Exam|
|Institute of Petroleum Management||IPMG – Institute of Petroleum Management IPMG MBA Entrance Exam|
|Indian Institute of Banking & Finance||IIBF – Indian Institute of Banking & Finance IIBF Exam|
|IMDR – Institute of Management Development and Research||IMDR – Institute of Management Development and Research IMDR MBA Entrance Examination|
|IIT Delhi Department of Management Studies||IIT Delhi MBA Entrance Exam|
|IISWBM – Indian Institute of Social Welfare & Business Management||IISWBM – Indian Institute of Social Welfare & Business Management IISWBM MBA Entrance Test|
|IRMA – Institute of Rural Management Anand||IRMA MBA Entrance Test|
|IIIT – Indian Institute of Information Technology||IIIT – Indian Institute of Information Technology IIIT MBA Entrance Exam|
|JMET||Joint Management Entrance Test JMET MBA Entrance Test|
|JEMAT||Joint Entrance Management Aptitude Test JEMAT MBA Entrance Exam|
|JBIMS – Jamnalal Bajaj Institute of Management Studies||JBIMS – JBIMS MBA Entrance Test|
|JIMS – Jagannath International Management School||JIMS – JIMS MBA Entrance Exam|
|KIAMS – Kirloskar Institute of Advanced Management Studies||KIAMS – KIAMS MBA Entrance Test|
|Karunya School of Management||Karunya School of Management MBA Entrance Test|
|SIMSR PGDM – KJ Somaiya Institute of Management Studies Research||SIMSR PGDM – SIMSR PGDM Entrance Exam|
|Lal Bahadur Shastri Institute of Management LBSIM||LBSIM – LBSIM MBA Entrance|
|KIITEE||Management Entrance Examination KIITEE MBA Entrance Examination.|
|MAH CET||MAH CET|
|MBA/PGDBM/MMS/PGDBA Admission Test||MDI – Management Development Institute Gurgaon|
|MDI – MDI Admission MDI Entrance Exam||MBS – Mumbai Business School|
|MBS – MBS Mumbai MBA Entrance Test||NDIM – New Delhi Institute of Management|
|NDIM – NDIM MBA Entrance Exam||NIBM – National Institute of Bank Management|
|NIBM – NIBM Exam Pune||NITIE National Institute of Industrial Engineering|
|NITIE – NITIE MBA Entrance Exam||NUIM – Nirma University Institute of Management|
|NUIM – NUIM MBA Entrance Exam||PIMR – Prestige Institute of Management and Research|
|PIMR – PIMR MBA||Entrance Test|
|NMAT – Narsee Monjee Institute of Management Studies||NMAT – NMAT MBA Entrance Exam|
|State of Rajasthan||RMAT – Rajasthan Management Aptitude Test RMAT MBA Entrance Exam|
|UBS Panjab University – University Business School||UBS Panjab University – University Business School MBA Entrance Test|
|SDM Institute for Management Development (SDM)||SDM – (SDM) MBA Entrance Exam|
|Skyline Business School||Skyline Business School MBA Entrance Test|
|TAPMI – T.A. Pai Management Institute||TAPMI – Entrance Exam TAPMI MBA Entrance Exam|
|State of Tamil Nadu||TANCET – Tamil Nadu Common Entrance Test Exam (M.Tech, MCA, and MBA) TANCET Entrance Exam|
|VIT University||VIT MBA Entrance Exam – VIT University|
|SPJIMR – S P Jain Institute of Management & Research||SPJIMR – SPJIMR MBA Entrance Test|
|State of Uttar Pradesh||UPMCAT – Uttar Pradesh Management Common Aptitude Test UPMCAT MBA Entrance Exam|
|XLRI XAT – XLRI Jamshedpur School of Management||XLRI – XAT XLRI XAT Entrance Exam|
|XIMB – Xavier Institute of Management||XIMB – Xavier Institute of Management XIMB MBA Entrance Test|
|MAH CET for MICAT – Mudra Institute of Communications Ahmedabad||MAH CET – Maharashtra Common Entrance Test for MICAT – Mudra Institute of Communications Ahmedabad Entrance Test MICAT Entrance Test|
The list of all MBA specialization courses are as follows:
How to choose a career in MBA? Below mentioned are the specialization in which you can pursue your respective career as per your aptitude and chosen field.
- Animation and Design
- Audiology and Speech
- Business Administration
- Computer Science
- Energy and Environment
- Family Business
- Finance and Accounts
- Formal Sciences
- General Science
- Health Care Management and Hospital Administration
- Hospitality and Tourism
- Human Resource Management
- Information Technology and Management
- International Business
- Life Sciences
- Logistics and Supply Chain
- Media and Communication
- Medicine and Surgery
- Nursing Science
- Occupational Therapy
- Oil and Gas
- online courses
- Organizational Behavior
- Physical Sciences
- Power Printing
- Public Enterprise
- Social Sciences
- Technology or Systems
Top MBA Colleges List
Top Colleges Offering Admission into MBA are as follow
The top colleges or universities in India, offering MBA programme are as following:
- Symbiosis International University
- Institute of Management & Technology
- Sikkim Manipal University
- Maharishi Dayanand University
- ICFAI University
- Amity University
- Lovely Professional University
- Bharati Vidyapeeth University
- Indian Institute of Finance
Jobs After MBA
MBA aspirants must be pondering what is the career in MBA? Right, to break the ice we are here to brief you with every detail regarding the career in MBA.
Candidates, there is remarkable great scope in the field of pursuing MBA degree program. It is to be suggested you must go to the top management institute.
Pursuing MBA from a renowned university does make a difference. Management is pervasive and required at every level. After completing your masters in business administration you will have plenty of opportunities to start your career.
Given below are the job profiles under MBA
The topmost concern of MBA aspirants is jobs and salary after MBA isn’t?
It is aptly true today a reader, tomorrow a leader. This quote is highly applicable to qualified MBA personnel’s who dream of having a lovable career in MBA.
No need to specify the company who recruit MBA personnel. All the sector including government, private, and public require MBA qualified personnel
Let’s have a look below at the jobs after MBA
- Brand manager
- Account manager
- International business manager
- Marketing executive
- Business technical consultant
- Business development consultant
- Management consultant
- Marketing manager
Let us now different types of jobs after pursuing the masters in business administration
The topmost concern of every MBA aspirants is jobs after MBA in India? To quench the curiosity I have unveiled types of job avenues at your discretion after pursuing an MBA degree program.
- Banking and finance
This involves security and investment analysis and portfolio investment.
Banks, securities firm, an Insurance company needs a professional expert to handle investment jobs. Therefore, MBA is the right preference in banking and financing sector too.
Coming up to the next
- Information system management
MBA candidates are required for this job as they have up to date knowledge.
MBA professional can assist in thorough cost analysis for the right technology.
- Investment banking
Treasury securities and investment management need qualified MBA personnel.
The job demand is high in this profile.
Talking about entrepreneurship MBA gives you an opportunity to be an entrepreneur.
If you have plans to initiate a start-up then your MBA degree is required to implement the plan.
- Data analytics
Aspirants with the tremendous digital revolution. Major companies like data analytics, fractal analytics hire MBA personnel as a data analyst or data scientist.
- Private equity
Companies that recruit in private equity sectors are the following
Religare, Magma Fincorp, DE Shaw, India Bulls Housing Finance, Kotak Life, Angel Broking, ICICI Prudential Asset Management, Bajaj Finserv, Kotak Wealth Management, JPMorgan Chase, Axis Securities, Fidelity Investments, and Fullerton etc.
Salary Packages of MBA
Talking about the pay packages candidates are offered with enticing salary packages in the big corporate firms and industries.
Candidates with MBA degrees are no doubt entitled to handsome salary packages.
It is to be noted that the management sector is the highest paying sector.
Your initial package will be 2 to 3 lakh and is subject to increment isn’t it amazing candidates?
You can reach up in the career ladder as per the experience and performance.
Please check the below table to gain insight into the Jobs and salary packages after MBA.
|B-School||Average Salary in 2016 (INR)||Top Recruiting Areas|
|IIM INDORE||15.67 lakh per annum||Finance, Marketing & Sales|
|IIM SHILLONG||14 lakh per annum||Consulting, IT/ Analytics|
|IIM RANCHI||15.14 lakh per annum||Marketing & Sales|
|IIM TRICHY||13.01 lakh per annum||Marketing|
|IIM UDAIPUR||12.91 lakh per annum||Marketing & Sales|
|IIM RAIPUR||12.51 lakh per annum||Marketing & Sales|
|IIFT, DELHI||18.01 lakh per annum||Marketing, Sales|
|FMS, DELHI||20.5 lakh per annum||Consulting, General Management|
|XLRI JAMSHEDPUR||18.5 lakh per annum||Finance|
|NMIMS MUMBAI||17.09 lakh per annum||BFSI|
|JBIMS MUMBAI||18.13 lakh per annum||BFSI|
What are the flaws? What needs to be set right?
There are some inherent flaws in the educational system in top B-school which can’t be overlooked.
Mere top brand when it comes to pursuing masters in business degree course from top business school won’t assure you of imparting the right knowledge.
In various top B-schools, it is found that lack of imparting a correct way of knowledge.
Knowledge is best imparted both theoretical and practical.
These top management institutes must focus on the real-life-based case study of corporate firms to make the student familiar with works ethics and actual tasks.
There must be sound placement consultation which offers the best placement in order to recover the cost student has incurred on the education.
The hiring of a professional professor who will able to impart true business world scenario along with practical knowledge is the must.
Otherwise relying on bookish knowledge and appearing for the exam is a sheer wastage of time.
Your aim of pursuing a degree of master in business administration must be broader in which you imbibe all the necessary learning.
Candidates there are pros and cons of everything. Likewise in MBA, there are some detected flaws we are going to discuss
- Lack of industry exposure
- Lack of good faculty
- Poor infrastructure
- Outdated syllabus
- Focus on rote learning rather than understanding the concepts
- Poor knowledge of industry etiquettes
- High fees structure everyone cannot afford
- Top management institutes must provide candidates with soft skills training and personality enhance training in which they are transformed as finer corporate individuals.
Soft skills are must in the hospitality industry. If you are well acquainted with such skills you will easily get the qualified high paid jobs.
- Various other issues
Talking about the flaws faculty crunch issue is faced among various top colleges of MBA
- Physical relevance and industrial exposure are lacking in institutes.
The most significant part of the business is practical exposure to industry scenarios.
MBA as a Career – Student’s Expectations, Reality & Other Issues
One of the major issues is candidates pursuing MBA are having unrealistic expectation. A student doing masters in marketing expect to be recruited as a top marketing manager.
The reality is he has to start his job from basics and learn the practical aspects and move to the higher grade.
Candidates if you are planning to pursue MBA. You must have a long-term objective.
It is to keep in mind that possessing a master’s degree is not a passport to be appointed as top manager. You need to learn the skills, channelize your education in a productive way then on the basis of experience and expertise you can enjoy the benefits. You may even be considered as team leader based on your learning and experience.
MBA Entrance Exams Dates
Candidates if you wish to seek admission into top B-schools then you must have to qualify the entrance exam through which are selected and get admission.
Below is the list for your reference. Have a look
|S.No.||Exam Name||Application Starts||Exam Date|
|1.||CAT||2nd week of August||4th week of November|
|2.||XAT||3rd week of August||1st week of January|
|3.||IIFT||1st week of August||1st week of December|
|4.||SNAP||2nd week of August||3rd week of December|
|5.||NMAT by GMAC||1st week of July||1st week of October – 3rd week of December|
|6.||CMAT||3rd week of October||4th week of January|
|7.||IBSAT||1st week of July||4th week of December|
|8.||IRMASAT||2nd week of October||1st week of February|
|9.||MICAT||4th week of September||3rd week of December|
|10.||MAH CET MBA/MMS||3rd week of January||2nd week of March|
|11.||MAT||–||February + May + September + December|
|12.||ATMA||–||January + February + May + June + August|
If you are MBA aspirants planning to seek admission in the renowned business school or management institute then you have to pass the MBA entrance exam
Talking about entrance exam how can we forget CAT?. CAT stands for common admission test. It is regarded as most sought after the entrance exam for getting admission into postgraduate management programme.
MBA as a Career – What should you do?
Candidates if you are pursuing the master’s degree you must learn all the concepts and business approach in a significant manner.
A career in MBA is challenging as well as rewarding. How to choose a career in MBA solely depends on your area of interest, aptitude, and passion.
The career in MBA opens up a pool of opportunities be it academics, bank sector, corporate sector, entrepreneur or MNCs.
MBA aspirants can opt for the desired area of interest as per the specialization in which they have undergone an MBA degree program.
If you are willing to pursue a successful career in MBA then you must participate in your college placement to grab the job in a company who offers high salary packages.
Academic and qualification are very important. Apart from this, you should focus on projects, workshops, seminars, management conference and the industrial visit to gain insight into the real business world. Theoretical knowledge combined with practical knowledge is must if you want to start a progressive career.
Attending management conferences and working on projects enhance your learning. You get familiar with the real business world.
Explore the career opportunities which are in front of you and strive on diligently to secure a desired career in MBA. Remember success is no accident; it is hardworking, studying, perseverance learning and most of all love what you are doing or learning to do!
Return on Investment on an MBA – Is it worthwhile?
Candidates as we know the amount/investment required to pursue these high-level degree courses are incredibly high.
Your expectation must be high when it comes to return on investment? Right, most of the candidates are not satisfied after the packages they receive pursuing a master’s degree in business administration.
What management institute and B-schools need to is hire the best placement consultation, provides a student with soft skills training, training on the job as an intern where he learns all skills required performing the job.
Well, systematic learning and proper guidance are most needed.
Pursuing MBA alone is not enough. There are combinations of things that enhance your personality.
Candidates it’s a high time to realize that pursuing MBA alone does not guarantee with high profile jobs or high paying jobs.
You need to learn, practice and channelize your caliber to reach the top.
Pursuing MBA is the gaining the required knowledge and qualification and to apply that knowledge into practical experience.
Students who invest in MBA course are required to be flexible and adaptable to accept the entry-level roles in a challenging way and work hard to move up in a ladder of career gradually.
If you channelize your potential in a best possible way there are high chances of promotion.
With every industrial exposure and experience, you will get finer in your profession.
There is no easy short way to success. You have to earn it with knowledge and expertise.
You must not lose patience initially when you are offered with low salary packages. This is your starting phase in the practical worlds you will be getting numerous wonderful opportunities if you adapt yourself and act flexibly.
Do not be rigid while in terms of salary. Growth and promotion follow hard work and perseverance.
When you consistently learn and become more professional you will be entitled to growth and promotion.
Conclusion – MBA as a Career
Pursuing MBA will give you the wealth of opportunity to know your potential, skills, gain management skills and team leadership skills.
It is no doubt in saying that a career in MBA is fascinating.
You cannot purely rely on the master’s degree solely instead you must exploit your caliber to the fullest and learn all the necessary skills to perform the managerial task well.
One of the key suggestion if you wish to pursue MBA you must qualify the qualify entrance exam to get admission into various top managerial prestigious institutes which have both brand name and right approach of imparting the course.
One of the big reason candidates go for MBA course is to have a valuable network. There are numerous advantages to pursuing an MBA degree course.
If you wish to join a specific industry or specific post the MBA is best suggested. There are major job opportunities for MBA graduate.
Some qualified MBA personnel’s are now well-renowned entrepreneurs who are leading their business strongly.
Candidates who want to give a great boost their career can go for MBA course. Also, there is a marginal pay rise in the packages of MBA qualified personnel.
Candidates got placed after selection in the MBA placement in top corporate firms enjoys various other facilities to their employee.
Candidates incurring hefty investment are not waste of time or money if your goals are long term.
Coming to conclusion MBA is indeed a trending course pursued by lakh of students who got placed to prestigious corporate firms.
MBA gives an opportunity to fresh talented individuals a career boost.
Some of the MBA aspirants are running successfully their start-ups/ventures with modern business approach and creativity and innovation after pursuing master’s degree in business administration.
Career-wise there are numerous options that an individual can decide to work in after pursuing MBA.
I hope you had a great time reading the above-detailed study on a career in MBA. If you like the content share it among fellow folks and communities. Sharing is a great deed.
I hope you are now well known about how MBA helps in career growth. MBA being versatile and high valued degree will help you secure a successful career in MBA.
MBA as a career is enticing and is the most trending course among the promising youth who are capable and talented.
If you have decided to be a successful entrepreneur or get a dream job in a specialized field you must go on with MBA preparation head-on.
If by mistake I have skipped anything of utmost importance you can ping us through the comment sectioned below.
All your suggestion and feedback on this post helps us to improvise for the better. Your suggestion and views are cordially invited.
Thank for reading! Warm wishes.