How MBA improves your career prospectsby Tina Singh Professional Content Writer
The exponential growth of private enterprise and international work culture has made management education a basic requirement for many jobs today. While initially, IIMs popularized it with their record-breaking placement offers, MBA today has become the top choice for a master’s degree for all graduates which has resulted in many MBA colleges. For example, there are 73 MBA colleges in Bhopal alone and many like the RNTU (Rabindranath Tagore University) MBA College see good placements for their students.
How MBA evolved?
Previously a person was expected to pursue masters in their graduate field itself. For example, a B.A. would pursue an M.A. and a B.Com would pursue M.Com. According to the faculty at RNTU’s MBA College, it is wrong to expect a 17-18 year old, to be sure about career choice just after 12th board. Earlier, it was difficult to change it even if you did not like it.
Snap to today, a 2-year MBA program imparts a structured knowledge of management practices, different business functions and practical exposure through internships, case studies and live projects. Students are then in a better position to decide on a career path. They are trained to start off as junior managers right away and in turn, industry is recruiting for managerial positions directly from MBA colleges.
MBA Vs non-MBA
Earlier, management positions in companies were filled by experienced professionals who had risen through the ranks over many years. In large organizations sometimes they were sent for management development programs to hone their managerial skills.
Also, if you are join an organization just after graduation, in one of the operation roles, it will take at least 5 to 7 years for you to reach a junior management position. While with an MBA you will spend 2 more years in education and maybe another year as trainee, but will then directly get the management position. This makes the time and money investment in an MBA worth it.
MBA Job prospects
Jobs: Area sales manager, Key account manager, assistant marketing manager, assistant brand manager, client manager and sales analyst.
Industry: FMCG, Insurance, Consumer goods, niche B2B product companies, Telecom, Healthcare and Pharma
Jobs: Funds manager, treasury manager, HNI (High net worth) client manager, financial product designer and financial analyst.
Industry: Banking and finance, mutual funds, insurance, investment firms.
Jobs: Supply chain manager, production planning manager, assistant project manager, and assistant operations manager.
Industry: Logistics and supply chain, Manufacturing, Industrial production, oil and gas
MBA (Information Technology)
Jobs: Business analyst, team lead, domain specialist, assistant project manager and assistant product manager.
Industry: IT services sector, E-Commerce, IT Product companies, Mobile Apps and Mobile instruments.
MBA (Human Resource)
Jobs: Recruitment manager, HR policies manager, Training & development manager, Talent manager, Industrial relations and labor officer.
Industry: HR department of all organizations, HR recruitment firms.
Most MBA colleges have industry tie-ups to provide placement assistance to their students. Many tier II cities are seeing a huge growth in the economy and hence companies are looking for recruiting locally. For example, an FMCG company will go to MBA colleges in Bhopal to recruit an area sales manager for M.P. Colleges like those at RNTU Bhopal have placement officers who connect with the industry to find suitable opportunities for their students.
Created on Jan 17th 2020 03:43. Viewed 167 times.