Seven High Paying Jobs Available To MBA Graduates
High-quality education is directly proportional to a successful career. Over the last few decades, a degree that has consistently provided any profession with a powerful boost is Masters in Business Administration (MBA). Millions of students work hard to enrol in the best business school in the hopes of gaining a solid understanding of managerial functions that can lead them to a fruitful career in the business arena. Choosing the right business school and the right MBA specialization is an essential step towards a successful career after an MBA. Specific specializations can help individuals occupy managerial positions that award excellent salary packages and scope for growth. Following is a list of high paying jobs that are available to MBA graduates:
1. Business Analyst
A Business Analyst's primary responsibility is to help an enterprise implement cost-effective technology solutions based on the requirements of a project or program. They are also responsible for evaluating business processes and uncovering areas of improvement by leading regular reviews. They work closely with clients, stakeholders, and senior management. When hiring a Business Analyst, organization prefer candidates who have an MBA in Business Analytics. With an MBA in Business Analytics, individuals can pursue lucrative careers as Data Scientist, Database Manager, Customer Insight Manager, etc.
2. Financial Manager
In simple terms, an organization's financial managers are responsible for the monetary activities and transactions of a company. They oversee cash management, investment activities, and budget. They are also responsible for creating financial procedures and meeting their financial objectives every fiscal year. Moreover, they are involved in activities such as raising capital, handling mergers and acquisitions, among other financial transactions. The average pay for a Finance Manager in India is 14 lakhs per annum, according to PayScale.com. MBA graduates with a specialization in finance along with other certifications are the best prospects for this job profile. However, they can also explore vocations as Financial Analysts, Corporate Controllers, Finance Officers & Treasurers, Insurance & Risk Managers, Investment Bankers, among others.
3. Marketing Manager
To gain profits, every company needs to market its goods and services in the market. Marketing managers are the ones responsible for all marketing efforts of an organization. They are the ones who help companies expand into newer markets and gain new customers. The primary objective of a marketing manager is to increase sales and profitability; therefore, they are responsible for researching trends,
identifying opportunities, estimating demand, and developing marketing strategies and campaigns. Various top organizations look for candidates who have an MBA degree with expertise in Marketing. The average salary for a Marketing Manager in India is approximately 15 lakhs per annum, according to Glassdoor.com. Those with an MBA in Marketing can also choose to pursue a career in niche marketing domains like Brand Management, Digital Marketing, Rural Marketing, Retail Marketing, among others.
4. Human Resources Manager
Human Resources Managers are HR generalists who are concerned with staffing, employee benefits, training, labour relations, compensation and all aspects of an organization's human resources. HR managers are responsible for ensuring all employees comply with company policies. They manage a team of recruiters and other HR specialists. Moreover, they also tackle problems that may stem within the organization. According to Glassdoor.com, the average salary for a Human Resources (HR) Manager in India is approximately 16 lakhs per annum. Organizations prefer to hire individuals with an MBA in HR for this particular role as well as other roles like HR Consultant, International Human Resources Professional, Chief HR Officer, and Training & Development Manager among others.
5. Strategy Manager
Strategy Managers are upper-level professionals who design and implement goals across various business units. They primarily work with senior managers to gain an understanding of the strategies used across various departments. They are usually responsible for collecting data, creating presentations, and coordinating with other employees. For example, a marketing strategy manager will be responsible for conducting in-depth research to identify new markets an organization can foray into. They will also be the ones to set specific marketing goals that are in alignment with the overall direction of the business. According to Glassdoor, the average salary for a Strategy Manager in India is approximately 14 LPA. Organization's look to hire professionals with an MBA in Strategic Management or similar discipline for this job profile along with profiles like Product Strategist, Project Analyst, Project Management Coordinator, Process Coordinator, Marketing Consultant, among others.
6. Operations Manager
Operations managers are some of the critical upper-level management employees in an organization. Their primary responsibility is to ensure that the organization is running to its best potential. They keep an eye on assuring productivity, efficiency, and reducing costs. They also manage various other higher management leaders to ensure that each department is carrying out their tasks effectively. The average salary for an Operations Manager in India is approximately 8 lakhs per annum, as per PayScale.com. Those with an MBA in Operations Management are more likely to occupy this position along with other positions like Supply Chain Manager, Logistics Manager, Inventory Control Manager, Project Manager and more.
7. Infrastructure Project Manager
The role of an infrastructure project manager on a real estate and construction project varies from one project to another. However, duties like ensuring on-time and on-budget final deliveries remain constant. Before the start of any project; the manager may be required to select the site and carry out due diligence. On an ongoing project, a manager is accountable to ensure that the construction is taking place according to the owner's specifications. They are also responsible for choosing the right contractors, processing payments, and managing change orders. The average salary for an Infrastructure Project Manager in India is approximately 12 lakhs per annum. Graduates with an MBA in Infrastructure Management are in high demand for this job role along with other roles like Finance and Accounting Managers, Project Consultants, Mergers and Acquisition Manager, among others.
To conclude, in this fast-paced and competitive market, an MBA can open doors to various career opportunities, irrespective of the field you choose. With considerable years of experience, the salary brackets and job titles can increase substantially for those in managerial positions. Therefore, it is imperative that every aspiring MBA student looks for the right b-school that can help them achieve their career goals.
4. Human Resources Manager
Human Resources Managers are HR generalists who are concerned with staffing, employee benefits, training, labour relations, compensation and all aspects of an organization's human resources. HR managers are responsible for ensuring all employees comply with company policies. They manage a team of recruiters and other HR specialists. Moreover, they also tackle problems that may stem within the organization. According to Glassdoor.com, the average salary for a Human Resources (HR) Manager in India is approximately 16 lakhs per annum. Organizations prefer to hire individuals with an MBA in HR for this particular role as well as other roles like HR Consultant, International Human Resources Professional, Chief HR Officer, and Training & Development Manager among others.
5. Strategy Manager
Strategy Managers are upper-level professionals who design and implement goals across various business units. They primarily work with senior managers to gain an understanding of the strategies used across various departments. They are usually responsible for collecting data, creating presentations, and coordinating with other employees. For example, a marketing strategy manager will be responsible for conducting in-depth research to identify new markets an organization can foray into. They will also be the ones to set specific marketing goals that are in alignment with the overall direction of the business. According to Glassdoor, the average salary for a Strategy Manager in India is approximately 14 LPA. Organization's look to hire professionals with an MBA in Strategic Management or similar discipline for this job profile along with profiles like Product Strategist, Project Analyst, Project Management Coordinator, Process Coordinator, Marketing Consultant, among others.
6. Operations Manager
Operations managers are some of the critical upper-level management employees in an organization. Their primary responsibility is to ensure that the organization is running to its best potential. They keep an eye on assuring productivity, efficiency, and reducing costs. They also manage various other higher management leaders to ensure that each department is carrying out their tasks effectively. The average salary for an Operations Manager in India is approximately 8 lakhs per annum, as per PayScale.com. Those with an MBA in Operations Management are more likely to occupy this position along with other positions like Supply Chain Manager, Logistics Manager, Inventory Control Manager, Project Manager and more.
7. Infrastructure Project Manager
The role of an infrastructure project manager on a real estate and construction project varies from one project to another. However, duties like ensuring on-time and on-budget final deliveries remain constant. Before the start of any project; the manager may be required to select the site and carry out due diligence. On an ongoing project, a manager is accountable to ensure that the construction is taking place according to the owner's specifications. They are also responsible for choosing the right contractors, processing payments, and managing change orders. The average salary for an Infrastructure Project Manager in India is approximately 12 lakhs per annum. Graduates with an MBA in Infrastructure Management are in high demand for this job role along with other roles like Finance and Accounting Managers, Project Consultants, Mergers and Acquisition Manager, among others.
To conclude, in this fast-paced and competitive market, an MBA can open doors to various career opportunities, irrespective of the field you choose. With considerable years of experience, the salary brackets and job titles can increase substantially for those in managerial positions. Therefore, it is imperative that every aspiring MBA student looks for the right b-school that can help them achieve their career goals.
