Before jumping to the conclusion that a Masters in Business Administration (MBA) is the correct choice for you, stop and ask yourself why. The hunky-dory vision of life after MBA may not be so easy after all. Not every management graduate receives a cushy job and a dreamy salary package. You must have your goals in place to be able to establish a solid and successful career after an MBA, like most other fields.
The usual reasons for doing an MBA these days:
- It earns you more money
- It gives you a promotion in your job
- It helps you quit a job that sucks
But in order to pursue an MBA and to feel truly satisfied by doing so, you must take a more cognitive view:
Why Pursue an MBA
- To launch a progressive career
- To make a shift in career, if you already are an experienced professional
- To nurture an innovative outlook
- To network with the best in the market
- To add a brand value to yourself
- To enhance personal growth
- To start a business/ start-up/ turn entrepreneur
- To move to another location
Once you know why you want an MBA degree, you should be prepared with a knowledge base of jobs that require this degree. Based on that, you may nurture your career interest. Client relations, consulting, business planning, resource or system analysis may be a part of your job profile, but let’s take a more specific view of the job opportunities after an MBA:
1.Management Consultant
A management consultants job is to advise companies on their management practices and identify problems within the organisation that may be holding the company back from reaching their goals. Many management consultants are self-employed, while others work for large firms. According to the Institute of Management Consultants, about 27% of consultants are self-employed. This is an ideal arrangement for many MBAs – a flexible career path with high earning potential.
Required Skills
- Management Techniques
- Salesmanship
- Public Relations
- Analysis
2.Marketing Manager
Marketing managers oversee the planning and execution of a multifaceted marketing plan to help their companies grow. They set budgets, plan marketing campaigns, and manage staff on the marketing team to conduct market research, launch marketing campaigns, and analyse the data collected from each campaign to make improvements. Their goal is to create more brand awareness and bring in sales. Marketing managers must be knowledgeable about many different types of marketing approaches and also be skilled at leading a diverse team. A Masters from N.L. Dalmia in Marketing Management can help you get here by obtaining the required skills:
- Marketing
- Public Relations
- Management
- Analysis
3.Investment Banker
Investment bankers help companies invest and grow their capital through shrewd purchasing of equity and debt. They also provide advice and assistance during financial transitions such as acquisitions and mergers. Bankers are responsible for ensuring all pertinent paperwork is in order and that all government regulations are followed during any and all transactions.
A Masters from N.L. Dalmia in Management with a specialisation in Finance can help you get here by obtaining the required skills:
- Finance
- Communications
- Sales
- Analysis
4.Operations Manager
An operations manager is sort of a company’s jack-of-all-trades. He or she oversees daily operations, purchasing, inventory, coordination between departments, and policy creation. Responsibilities may also include hiring employees and negotiating contracts. However, this job will vary depending on the organisation and expectations of the CEO. Therefore, this position requires a great deal of flexibility and multitasking.
Required Skills:
- Management
- Communications
5.Financial Advisor
Financial advisors cater to the individual rather than businesses, and play a key role in helping families plan for retirement, invest in their children’s education, and build individual wealth. A financial advisor looks out for their clients’ best interests by suggesting good investment opportunities and creating realistic long-term plans. This is an excellent career path for MBAs who have a desire to help others become financially savvy.
Required Skills:
- Finance
- Communications
- Sales
- Analysis
Which Path is For You?
Now that you have an idea a few of the possibilities available to you, it’s a good time to consider which skills you’ll need to develop to land the position that interests you most. And there are many other career opportunities for new MBAs than these five. Consider the fields and positions work best with your skill set, and you’re sure to find great companies looking for a talented new graduate!
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