Nowadays a degree in MBA or Masters in Business Administration is the path of choice for many aspirants. However, it is advisable that when students think of pursuing an MBA they should always ask themselves the questions – Why do they want to pursue an MBA degree, what is the scope of their career after MBA?
Courses After MBA: Thinking What To Do After an MBA? Here Are The Best Courses for You. Procuring an MBA degree is a really proud moment for anybody. But as they say ‘the sky’s the limit,’ thus at times, a student feels unsatisfied even after the completion of the course. There are numerous courses to opt for even after an MBA which many are aware of. Today, we will discuss a few prime courses after MBA for a bright and successful career.
Why Choose MBA?
Some of the reasons why aspirants consider pursuing an MBA degree is to:
- Get a salary jump
- Get a promotion
- Change work profile
- Enhance knowledge
- Ensure better networking
- Add value to one’s CV
- Become an entrepreneur or start your own business
What are Some Popular Courses after MBA?
- Financial Risk Management [FRM]
- Doctor of Philosophy (PhD) in Management
- Chartered Financial Analyst (CFA)
- Financial Risk Management [FRM]
- Doctor Of Business (DBA)
- Project Management Professional (PMP)
- ISB Certificate Programme in Business Analytics (CBA)
The above-mentioned courses help the student increase the chances of high-paying jobs and he or she gains specialization in a specific field of study. If you are exploring opportunities for a better scope, let us discuss a few details of courses after MBA.
Top MBA Entrance Exams
One of the most popular MBA entrance exams that aspirants give is CAT. For CAT 2018, around 1.9 lakh candidates gave the management entrance exam. On the basis of an aspirant’s CAT score, he/ she can secure admission in any of the IIMs in India. Apart from CAT, other popular MBA entrance exams that aspirants should consider appearing for are listed below:
Courses Comes Under MBA
Financial Risk Management [FRM]
Industry Domain/ Job Opportunities/ Salary: After availing the degree of FRM, the candidate can opt for jobs such as Financial Risk Manager, Senior Risk Analyst, Chief Risk Officer, Head of Operational Risk, Director of Risk Management, or Audit Consultant. The possible industry domains are banking, credit agencies, government organizations, technology vendors, insurance firms and corporations. The entry-level annual salary based on skills and experience is INR INR 5,50,000.
A student can pursue specialization with a globally recognized degree, certified by GARP (Global Association of Risk Professionals). The course opens better opportunities in the field of risk management skills. The core subjects are credit risk, liquidity risk, non-market risk and market risks. The student can either opt for a degree program or give the FRM examination.
Doctor of Philosophy (Ph.D.) in Management
Ph. D. is the most reputed degree in the science of management. The duration of completion of the degree is 3 years and can be completed within 6 years. Any person who is a holder of a Master’s degree or M. Phil degree with more than 50% marks can take admission for Doctor of Philosophy (Ph.D.) in Management. The course involves research and focuses on the skills related to management, leadership and planning.
Industry Domain/ Job Opportunities/ Salary: The jobs offered are Associate Professor, Management Consultant, Policy Analyst, Change Manager, Corporate Trainer, Data Scientist in corporations, financial organization, universities, other fields such as public policy or working independently. The entry-level annual salary of INR 7,00,000.
Chartered Financial Analyst (CFA)
While the Chartered Financial Analyst program can be pursued after graduation, many candidates prefer to pursue the course after MBA. After the completion of the course, the professional is awarded as “CFA charter.” The course takes about four years to complete three levels. The professional is considered eligible only if he or she has previous working experience in the field.
Industry Domain/ Job Opportunities/ Salary: The course opens doors to opportunities such as financial advisor, financial strategist, analyst, credit manager, consultant or portfolio manager, etc. The salary offered at the early stage is INR 6,25,000. The CFA charter helps individual clients with the financial performance of their firm.
Doctor Of Business (DBA)
Doctor of Business, also known as DBA is a research doctorate degree for advancement in research of business studies and administration. The doctorate degree is equivalent to a Ph.D. in Business Administration. The course makes the student eligible to be a lecturer, professor or researcher in any organization.
Industry Domain/ Job Opportunities/ Salary: The student of DBA can conduct his or her own research in a preferred field of study, work independently, or become a research analyst, professor or consultant in organizations. Organizations or corporate industry or academic institutes have a high demand for DBAs. The salary offered exceeds INR 8,00,000. The students are also invited as guest lecturers, consultants and publish articles and research papers.
Project Management Professional (PMP)
Getting a graduate diploma in project management after MBA helps students explore areas such as Monitoring and Controlling, Project Execution, Initiating, Closing, etc.. The duration is 4 years including leading projects and securing CAPM certification and experience 35 hours of training. The candidate needs to attempt and clear the examination for obtaining the certification.
Industry Domain/ Job Opportunities/ Salary: A PMP certification promises a 20% increase in salary. The jobs offered are Engineering PM, aerospace project manager, pharmaceutical researcher, consulting project manager, Resources project management. The options are wide such as fields of mining, healthcare, farming, engineering, corporate, etc. The salary offered exceeds INR 10,00,000.
ISB Certificate Programme in Business Analytics (CBA)
The high demand for data analyses makes this course a popular choice among MBA graduates. Big corporations hire people for analyzing business performance and look for CBA students for the position. The courses provide practical knowledge and skills to students to plan effective strategies by evaluating past data in the one year course. The full-time course includes attending many lectures, sessions and learning new practices.
Industry Domain/ Job Opportunities/ Salary: ISB Certificate Programme in Business Analytics (CBA) can open business data roles for enterprises. Industries such as finance, banking, blockchain, sports, e-commerce, media and healthcare have a high demand for CBA graduates. Numerous business analyst and data science manager job roles are available in the market with a starting salary of INR 4,00,000.
Some of the other courses are
- D. in Banking Technology
- SAP courses
- Certified Bank Manager Programme
- Tally, Computer Applications or other technical programs
- Short term courses offered by The Institute of Cost Accountants of India
- Post Graduate Diplomas in Computer Application
- NCFM – NSE’s Certification Course for Financial Markets
Apart from the above-mentioned job profiles aspirants can also consider pursuing any of the below-mentioned careers after MBA degree:
|Finance Manager||Infrastructure Manager|
|Energy & Environment Manager||Operations Manager|
|Marketing Manager||International Business Manager|
|Sales Manager||Disaster Manager|
|Human Resources Manager||IT & Systems Manager|
|Import & Export Manager||Agriculture & Food Business|
|NGO Manager||Digital Marketing Manager|
|Healthcare & Hospital Manager||Oil & Gas Manager|
|Data Analytics||Business Analytics Consultant|
|Materials Manager||Sports Manager|
|Rural Manager||Supply Chain Manager|
|Transport & Logistics Manager||Retail Manager|
|Telecom Manager||Textile Manager|
|Public Policy Manager||Business Manager|
Amazon, Apple, BCG, Deloitte, JP Morgan, Microsoft, Morgan Stanley, and others are among the top global recruiters. Top Indian companies, on the other hand, include Tata Consultancy Services, Reliance, Cognizant, Wipro, ICICI Bank, and others. These global MBA recruitment firms arrive at prestigious MBA institutions with the promise of hefty pay packages to recruit skilled and competent professionals for their companies. The following oraganizations are the top recruiters in India that hire MBA graduates. Candidates can secure MBA jobs in the following companies to earn a good salary even as a fresher after pursuing MBA courses by Udemy.
|Ernst & Young||HDFC Bank Private Limited|
|Microsoft||Aditya Birla Group|
Top MBA colleges are listed below along with the recruiters that participate in the MBA placements, along with the average CTC offered. Graduates from the following colleges can grab great MBA Jobs and can earn a good salary varying between INR 15,00,000 – INR 20,00,000.
|IIM Bangalore MBA Placements||IIM Ahmedabad MBA Placements||IIM Calcutta Placements|
|IIM Lucknow Placements||IIM Indore MBA Placements||IIT Kharagpur MBA Placements|
|XLRI MBA Placements||IIM Kozhokhode MBA Placements||IIT Delhi MBA Placements|
|IIT Bombay MBA Placements||IIT Roorkee MBA Placements||MDI Gurgaon MBA Placements|
|ISB Hyderabad MBA Placements||IIM Udaipur MBA Placements||IIM Trichy MBA Placements|
|IIT Madras MBA Placements||SPJIMR MBA Placements||Greak Lakes MBA Placements|
|IIM Raipur MBA Placements||SIBM MBA Placements||NMIMS MBA Placements|
|IIFT Delhi MBA Placements||IMI MBA Placements||IFHE MBA Placements|
|IIM Rohtak MBA Placements||Amity University MBA Placements||IIT Dhanbad MBA Placements|
|KIIT School of Management MBA Placements||TAPMI MBA Placements||IIM Kashipur MBA Placements|
|XIM University MBA Placements||GIM MBA Placements||JMI MBA Placements|
|LPU MBA Placements||IMT Ghaziabad MBA Placements||BML MBA Placements|
|IIM Rohtak MBA Placements||BIMTECH MBA Placements||BHU MBA Placements|
MBA Salary in India: Profile-wise
|Job Profile/Role||Minimum Salary Per Annum||Average Salary Per Annum||Maximum Salary Per Annum|
|Operations Manager||Rs. 3,89,000||Rs. 7,97,786||Rs. 10,60,000|
|Senior Business Analyst||Rs. 4,76,000||Rs. 9,44,493||Rs. 11,70,000|
|Human Resource Generalist||Rs. 1,59,000||Rs. 2,94,138||Rs. 6,78,000|
|Marketing Manager||Rs. 2,98,000||Rs. 7,56,522||Rs. 11,90,000|
|Business Development Manager||Rs. 2,59,000||Rs. 6,01,423||Rs. 11,40,000|
|Human Resources Manager||Rs. 3,19,000||Rs. 7,38,960||Rs. 11,70,000|
|Business Development Executive||Rs. 181,000||Rs. 3,18,081||Rs. 5,93,000|
|Project Manager (IT)||Rs. 5,01,000||Rs. 12,38,000||Rs. 20,00,000|
|Assistant Human Resources Manager||Rs. 2,92,000||Rs. 5,31,567||Rs. 9,42,000|
|Relationship Manager||Rs. 2,03,000||Rs. 4,24,954||Rs. 9,59,000|
|Marketing Executive||Rs. 1,67,000||Rs. 3,05,043||Rs. 5,54,000|
|Business Analyst (IT)||Rs. 3,02,000||Rs. 5,96,465||Rs. 11,00,000|
|Area Sales Manager||Rs. 4,07,000||Rs. 7,81,611||Rs. 11,40,000|
|Senior Sales Executive||Rs. 2,20,000||Rs. 3,99,836||Rs. 7,22,000|
|Executive Assistant||Rs. 1,48,000||Rs. 3,24,264||Rs. 8,09,000|
|Financial Analyst||Rs. 2,23,000||Rs. 4,38,313||Rs. 8,47,000|
|Regional Sales Manager||Rs. 5,57,000||Rs. 11,83,000||Rs. 20,00,000|
|Finance Manager||Rs. 5,22,000||Rs. 11,42,000||Rs. 23,00,000|
|Account Manager||Rs. 3,39,000||Rs. 7,00,000||Rs. 15,00,000|
|Management Consultant||Rs. 5,62,000||Rs. 13,50,000||Rs. 20,00,000|
Popular Cities Offering Jobs After MBA in India
- Hyderabad, Telangana
- Pune, Maharashtra
- Chennai, Tamil Nadu
- Mumbai, Maharashtra
- Bangalore, Karnataka
We hope this article has offered you a much better understanding of what these MBA specializations teach and the career opportunities each of them offers. MBA is a globally renowned and acclaimed degree that bears a promise of well-paying jobs. However, not all management jobs pay well. Hence, to ensure that you end up landing your dream job, you must identify which MBA specialization best fits your career goals. Once you deduce that, the rest will become easier.
FAQ’s On Courses After MBA
What are some of the courses I can opt for after an MBA?
For a bright future, one can continue studying for different specializations such as Human Resource, Finance, Marketing, Business Management, Business Analysis, etc.
How can courses after MBA help in my career?
The courses offered can provide an advanced skill set specific to the field.
Where can I find the best jobs after MBA?
You can find the best jobs in banks, insurance companies, corporations, universities, research departments, security firms and financial organizations.
Question 4. Is an online MBA worth it?
Ans. Yes, It depends on the course provider and the specialisation you pursue. An online MBA is relatively more affordable. As they are self-paced with mostly weekend classes, they can be a great option when you are a working professional. Do explore online MBA courses.
Question 5. Are there other non-IIMs that accept CAT exam scores?
Ans. Yes, there are many other recognised institutes and some even have exclusive MBA departments that accept CAT scores. You could try Xavier Institute of Management in Bhubaneswar, Jamnalal Bajaj Institute of Management Studies, and the Department of Management Studies – IIT Delhi, among others.
Question 6. What is the CAT exam cutoff percentile for IIM in 2022?
Ans. To get into the top IIMs, the general CAT exam score is expected between 99 and 100 percentile. The cutoff score will be announced after the CAT exam results next year in January. Do check out for the cutoff list as some IIMs may accept slightly lower scores as well.
Question 7. Do international universities accept CAT exam to get into MBA?
Ans. Not all universities or B-schools abroad accept CAT exam scores. Stuart School Of Business in Illinois Institute Of Technology and Asian Institute Of Management, are among the many. They offer MBA programs and accept CAT exam scores.
Question 8. Can you get high-paying government jobs after MBA?
Ans. There are multiple job options after MBA, even in the government sector. Marketing Officer, Specialist Officer in Banks, Chief Executive Officer, etc., are among the prized designations.
Question 9. Which are the other in-demand MBA specialisations available?
Ans. Apart from the ones mentioned above, you can pursue MBA in Business Analytics, Sports Management, Rural Management, Energy Management, Advertising, etc.
Question 10. What is the difference between a specialised MBA and a general MBA?
Ans. A specialised MBA lets you develop the specific skills of the specialisation. A general MBA caters to building your overall knowledge of business.
Question 11. Why should you specialise in an MBA program?
Ans. An MBA specialisation will prepare you better in your field of choice and is an ideal career option. On the other hand, a general MBA program is ideal for those who want to switch their career from a different field.
Question 12. What are the most common skills to develop in all MBA specialisations?
Ans. Some of the most common skills across all MBA specialisations are effective communication decision-making, critical thinking, time management, and so on.
Question 13. Which is the best IIM according to the NIRF ranking in 2022?
Ans. As per the recent NIRF ranking in 2022, IIM Ahmedabad has retained the 1st position since last year.
Question 14. Which MBA specialisation is best for getting a job abroad?
Ans. MBA in International Business and MBA in Finance are considered to be some of the best options to get a job anywhere in the globe.
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