Job Opportunities in India for an MBA Graduate
MBA – When you are pursuing an MBA degree, you should also start getting an idea about what are the possible job opportunities for you when you graduate. You can then begin preparing and developing yourself accordingly. What could be some of the possibilities for you, after you complete your MBA? Let us take a look.
Banking and Finance
Security and investment analysis and portfolio management could be some of the job profiles available in banks, insurance companies, securities firms, and other financial organisations. All these places need someone to make the right decisions about investments. Related job profiles in Corporate Treasury, Business Operations and Credit Analysis also hire MBA graduates. The average pay package for a Business Analyst is about 5 – 6 lakhs per annum.
Information System Management
Candidates who are more technology-oriented that is, someone with an MBA in Information Systems can find jobs in Information System Management. These people identify the latest technologies that would benefit an organisation. They do an in-depth cost analysis to see the right technology in conjunction with financial and managerial teams. The initial payment for an MBA graduate would be 3 – 4 lakhs annually, but, the salary can increase as your experience in the company grows.
This is a very in-demand job profile. Companies like Motilal Oswal, Bank of America, SBI Capital and others hire investment bankers. They connect investors to organisations needing funds. The candidate must have the right knowledge and ability to analyse what suits the client best. Investment bankers deal with mergers and acquisitions and clients. The average pay would be 7-8 lakhs in a year.
This job is ideal for someone who loves loving problems. A management consultant solves organisational issues, incorporating fresh ideas and novel methods. Firms like KPMG, PwC, Infosys, Deloitte, PeopleStrong and others hire people in this role. The average pay for this is about a crore annually.
Candidates with investment acumen can find jobs in private equity, and firms like Religare, Magma Fincorp, Kotak Life, Angel Broking, ICICI Prudential Asset Management, BajajFinserv hire people in these profiles. A person with two to seven years of experience would be able to earn 35 – 50 lakhs annually at any of the domestic private equity firms. Fresh graduates can make about 30 to 40 lakhs.
MBA graduates have quite some suitable job profiles to choose from, and the pay packages are quite high compared to graduates in other fields. There are also opportunities in data analytics, and an MBA enhances your chances of becoming an entrepreneur. Make a careful study of which career area interests you the most, and then start working towards that area. You should look for a job that is aligned with your career goals.
image course: MD Duran