One of the key steps for getting financial success and advancing one’s career is to opt for an MBA after graduation. According to reports, the global MBA market size is expected to grow at a rate of CAGR of 15.6% from 2023 to 2032. Many companies are actively posting MBA jobs for freshers on their career pages, indicating a rising demand for newly graduated business professionals.
In this article, we will talk about the best MBA jobs you can get after finishing your MBA degree. We will learn about jobs in investment banking, where you work with money and big businesses. We’ll also talk about management consulting, where you help companies solve problems.
We’ll then take a look at the jobs in technology management, marketing, and running business operations. We’ll also explore jobs in the growing healthcare sector. And for those who want to start their own business, we’ll discuss the path of entrepreneurship. Let’s dive in and find out which job might be best for you after your MBA.
Highest Paying Jobs After MBA
As soon as one completes pursuing an MBA various lucrative job opportunities start surfacing. Here are some of the sectors mentioned that you can venture into after your course:
- Investment Banking
Investment bankers help companies get money. They can do this in many ways, like selling shares of the company to the public or finding other companies that want to invest.
They provide advice to companies about big decisions, like merging with another company or buying a smaller company.
- Based on recent data, a beginner in investment banking can earn between ₹12 lakh to ₹20 lakh in a year. But if you become very good at your job and reach high positions, you can earn much more, sometimes even ₹1 crore or more in a year.
- Two important skills for investment bankers are financial modeling and managing relationships with clients.
- Financial modeling means making computer models to predict how much money a business will make in the future. Managing client relationships means keeping clients happy and understanding what they need.
- Management Consulting
Management consultants are like doctors for businesses. When a company has a problem or wants to do better, they call management consultants. These consultants look at the company’s work, find problems, and suggest solutions. They help the company make good decisions and grow.
- If we look at recent numbers, a person just starting in management consulting can earn between ₹9 lakh to ₹15 lakh a year.
- But, with more experience and if working in big famous companies, they can earn much more, sometimes even up to ₹30 lakh or more a year.
- For this job, you need to be good at analyzing things. This means looking at information and understanding what it means.
- Being good at presentations is also important because you have to explain your ideas to others. Also, knowing a lot about specific industries, like IT or healthcare, can be very helpful.
- Technology Management (Tech/IT Manager)
In big companies, there are many computers, software, and systems. Tech managers, or IT managers, make sure all these work well. They lead teams that handle the company’s technology. This can be anything from making sure everyone’s computer is working to setting up big systems that help the company do business online.
- A tech manager’s pay can vary, but based on recent numbers, a starting tech manager can earn between ₹15 lakh to ₹25 lakh a year. With more experience and in very big companies, they can earn up to ₹40 lakh or even more in a year. In this field, there are many MBA jobs available as companies look for fresh graduates to integrate business know-how with modern tech solutions.
- To be an IT manager, being tech-savvy is the first thing. This means you should understand computers, software, and new technologies. But it’s not just about knowing tech.
- A tech manager should also be good at managing projects to make sure things get done on time. And, because they lead teams, being good at working with people and coordinating teams is very important.
- Marketing Manager
Marketing managers are like the brains behind telling people about products and services. They think of plans (we call them strategies) to make sure people hear about, like, and buy what the company sells. They decide on advertisements, offers, and even events. Their job is to make sure people want to buy what the company is selling.
- This job needs a creative mind because you have to think of new ways to show products. But creativity alone is not enough.
- You also need to know how to use online tools for marketing, because a lot of people buy things online these days.
- You should be good at looking at numbers and data to know what people like and what they don’t.
- Operations Manager
Operations managers are like the backbone of a company. They check that products are made on time, that there are no problems in the office or factory, and that customers get their orders. Their main job is to make sure the day-to-day work of the company goes well without any hiccups.
- The skill to organize things is very important.
- There are many things to manage, and everything needs to be in order. A good operations manager also knows about supply chains.
- This is how products get from the factory to the customer.
- And, of course, being a good leader is key because they have to lead teams and make sure everyone is doing their job right.
- Entrepreneurship
Entrepreneurship is the dream of starting your own business.
- After finishing an MBA, many people get the idea and courage to start their own venture.
- They use the knowledge and skills from the MBA to build something new. Instead of working for someone else, they become their own boss.
- The truth about earnings in entrepreneurship is that it varies.
- Some entrepreneurs make a lot of profit, sometimes even lakhs or crores in a short time.
Conclusion
The journey doesn’t stop with an MBA. The world changes, industries evolve, and new challenges emerge. It’s essential to keep learning, be it through courses, workshops, or real-world experiences. Networking isn’t just about building contacts but about cultivating relationships and understanding industry trends. And practical experience, whether through internships, projects, or actual job roles, remains the most effective teacher.