Top High-Paying Career Options After MBA in India

Management streams and the industry itself are among the most prestigious industries. Candidates usually dream of a job working in a shiny suit as a management professional within any one of the MNCs worldwide. 

But even after finishing their MBA degrees, they lack the direction and guidance necessary to pursue this field with the highest growth rate. 

In the excitement of joining large management firms as entry-level management consultants, they can fall prey to the job-related scams happening in the industry. 

Today, we are going to discuss the career options you can choose from if you’re an MBA postgrad. This blog post provides you with the current trends and insights needed as a job seeker for the management industry.  

Why is there such a high demand for Management Professionals?

Due to all the government-led startup initiatives like ‘Make in India’, production and manufacturing have started in the country on a large scale, totaling about 1,59,517 operating startups within the country as per IBEF’s report. 

These growing numbers of DPIIT-recognised startups also need top-level management to sustain themselves in the long run. In fact, many international brands are also branching out within our country to facilitate market penetration, improve the brand’s visibility, and cater to their existing audience in India. 

This phenomenon has increased the value of the experts who can take care of the business aspects such as demand & supply, company formation, hiring, and team-building, etc.

Best Career Options After MBA

Students usually wonder about ”what to do after MBA?”, but even Online MBA course passouts can also pursue the top career options within the management industry, in the same way as the regular MBA passouts do. MBA scope in India is very bright in the future time of innovation and development. 

The following are the best career options after the MBA degree for the freshers within the industry, providing the best salary and positions. 

What is the MBA Scope in Top Management Companies?

The students get the option to pursue the top private jobs after an MBA in industries such as business consulting, finance, operations, international business, HR, etc. The top recruiting companies for MBA students include KPMG, Goldman Sachs, and Morgan Stanley. 

These consulting sectors provide students with the right career track to move ahead, along with great salary packages. The average salary package offered to the students after an MBA in these companies ranges from about INR15 - 20 LPA.

The table lists down the private jobs after MBA and the salary package with top industry recruiters:

Source: Ambitionbox

Job Roles Based on the MBA Specialisation

Candidates wonder “which field is best in MBA?”, but if they go for the roles as per their strengths, then they secure a high-paying job ahead.

The following table highlights the respective job roles offered after the particular MBA specialisations:

Source: Payscale

Is an Entrepreneurship Path After an MBA Possible?

The students also get the knowledge and required skill sets during the MBA course to start a new business/startup or manage an already established one. This career role is much more risky but rewarding, as you aren’t a job hunter here but a job creator. 

Students can make their journey of entrepreneurship with business registration laws and taxes being much easier than ever before. They don’t have to worry about the dangers and risks, as there are a lot of government startup initiatives helping young founders get funding if they pitch the right business idea. 

This is a much better pathway than the jobs after an MBA. The table given below lists the government startup initiatives as per the funding stages of the startups:

Source: Startup India

Why are Startup Incubators & Accelerators so Important for MBA Postgrads?

The startups started by the MBA passouts get the required mentorship from the experts on renowned incubators across the country, such as Idealab, 1871, etc., where the owners effectively pitch their business ideas and secure funding from the industry experts. 

The main objective of these incubators is to get the required seed capital from the investors by assuring them of the future growth and profitability. This proves to be a great resource for the MBA postgrads who are just out there starting their ventures in the business world. 

They are given invaluable advice related to business strategy, branding, product positioning in the competitive markets, etc., through the experts. This later on helps their startup grow and prosper in the markets. 

While an incubator program helps the startups in the seed phase, an accelerator, such as 500 Global, Y Combinator, etc., helps in the growth phase of a startup. 

They help and assist in the further financing, loan approval, directing the objective, and getting venture capital on board for the startup idea of MBA freshers.

The various startup growth programs are given below with their funding and category as follows:

Is Research/Fellowship Possible After MBA?

MBA passouts wishing to pursue further studies in the field of business management can pursue this pathway of a doctorate in management or a PhD after finishing their master's. This course, after an MBA, serves as a good foundation for contributing to the field of innovation in management and business administration. 

Those who also wish to instruct the students in the management streams pursue this career option. This proves beneficial as the students in this sector are later on sponsored by the universities and provided a stipend and fee concessions to finish their research in their subjects. 

The grants are also awarded to students in their business management program, so they don’t face any kind of obstacles, financially or mentally, during their research process. 

The table explains the various government fellowship programs for PhD students with their respective stipend amounts below:

Source: ANRF

Many global pathway doctoral courses after an MBA in top private universities help students get the international business exposure they need to finish their thesis and draw helpful conclusions. 

These findings prove to be very helpful in later business developments and future aspects of this industry.

Are Industry-Collaboration Courses Accessible After an MBA?

The students have the option to pursue the industry collaboration programs after these MBA courses, to get the required skills after the MBA course. 

Many industry partners like Amazon, Microsoft, IBM, & Google provide these industry-specific online programs for sectors such as product development, project management, marketing, etc. 

These short-term courses prove to be the best courses after an MBA for students as they provide them with specific skill sets and domain knowledge. These short-term online courses are very much preferred by the top recruiters. 

These industry-specific programs are also time-flexible, as the students are required to give just a few hours of their time to attend these courses. These courses, after an MBA, can be easily attended while continuing ongoing jobs in the management sector. 

What are the Government Job Options After MBA?

The candidates also have the option to pursue government jobs after finishing the MBA courses from any of the management institutes of the country. If the freshers are not interested in pursuing private-sector jobs, they can easily pursue public-sector jobs. 

These jobs provide them with the stability and powerful positions at respected departments such as tax departments, the banking sector, etc.

The table given below lists the government sector jobs with the exams, eligibility, and the respective salary:

Conclusion

MBA candidates have a lot of great career options. All the above-mentioned pathways provide them with exposure and guidance after postgraduation. 

They can fulfill their dreams of getting a reputable job at MNCs like the FAANG, Big 4, or the Fortune 500, as MBA postgrads are the top priority of these large firms during the process of recruitment. 

No matter the type of PG course done by the freshers, online MBA and offline MBA both provide equal opportunities relevant to their CV/profile.