Best Career Options for MBA Graduates
The Master of Business Administration (MBA) Programme came into being to elevate the career prospects of those who have an affinity for Business and Management. The niche further lends itself into a range of career paths by multiplying the earning potential of the aspirant. Things like decision making in business, improved leadership competencies and a flexible approach to fluctuating business environments are what MBA aspirants strategically master! The acquired skillset is also used to help those keen on career advancement and change for individuals considering self-employment. Having an array of specializations like finance, human resources, operations, economics and digital marketing, leadership, global and change management challenges, let us look at some career opportunities for people who’ve opted for this ever-green field.
Marketing
Game for creating some brand loyalty and excitement? A skill in this field can take you up the career ladder. To start with, an aspirant gets to choose from specializations in brand management, Branding strategies that enhance a company’s recognition in the glocal market. A stint into advertising is another option leading towards creating innovative social media campaigns and brand positioning. Market research comes as another option to analyze and predict the trends in purchasing behaviors.
Digital Marketing
It is another booming stream for fresh MBA grads. Digital Marketing holds newer horizons for them as they’re redefining the communication system. Studies suggest that more than 55% of the marketing roles are assigned to MBAs. A skill in Digital Marketing could turn out to be an MBA’s most useful and handy tool, irrespective of their specialization in any of the following.
Finance
If think you’re good at the number game, there’s lots of progress you could make in roles like Chief Financial Officer among several others. Advisory roles in huge investment banks could be what’s ahead. Other prospects may lie within the areas of accountancy, corporate finance, insurance and risk management.
Human Resources (HR)
Imagine being the binding agent of influence for a workforce of over a few thousand employees? If you like the idea, then an MBA in this field will help you with strategic human resources in domains like employee relations, learning and development, recruitment and talent management among others.
Manufacturing
An operational supply chain is fundamental to the movement of production and the company’s agenda. In such a scenario, your MBA can help companies play on their logistical strengths and manufacturing processes. Consider stepping into the shoes of an Operations Director, or post MBA, you may try looking at Logistics Management, Stock Control and Supply Chain Management.
Accounting
If you’re wanting to get into economics, and like to predict the trends of trade and consumption, you’ll do good here. Career options may include working for investment banks, accountancy firms, or even better, being a policy maker for the government.
Consultancy
Your role as a consultant is to work in conjunction with companies and suggest ways for improvements in performance. This has been the most popular career choice of MBA graduates. With high competition, salaries are just as rewarding.
Management
A career here can be made through a host of disciplines. If strategic leadership, decision making and change management are what you play on, then large blue chip companies shall welcome you soon. Just remember to keep networking well!
Project Management
A career as a project manager for an MBA graduate opens doors to an array of opportunities that keep changing from time to time. The work roles could be within the same company or across different organizations. Pay is equally lucrative if you can prove you have an edge!
Self- Employment
An MBA for your own business? Great. You can be anything from Consultants, Portfolio Project Managers, Digital Marketers or simply start off your own entrepreneurial ventures. Only remember to tap into your business network and your technological wisdom. All said and done, the MBA is an intellectually-stimulating and exciting course and MBA grads often shift careers within the domain. As mentioned above, Digital Marketing is an additional asset for any MBA as companies across realms have completely gone Digital. Skills like intellectual property and online management, understanding technology development and marketing these future trends in technology just come handy. If you’re an MBA and want to boast an interdisciplinary skill set, shield yourself with a Digital Marketing course at Digital Ready with the industry experts themselves as your guides. For more information, contact: 040-60124499.