Which MBA specializations offer the highest salaries?by Divi Educare Best MBA & MBBS Admission Consultant In
It is said that PGPM is the key to career success and a plush lifestyle. It is true too. MBA programs are highly desired by employers because a candidate with an Executive PGPM is always preferred over anyone else. The program will give you an edge over the competition and a head start in the rat race. The next question on your mind, when you decide to pursue an MBA program, is that among the plethora of MBA specializations, which one should you enroll in? Taking the decision can be life-defining, and therefore you should not rush into it. Here, we will examine some of the most in-demand MBA specializations and their expected salaries.
Finance is a popular MBA specialization
If you major in finance, you might think you can get a lucrative investment bank job or a position at a securities firm. However, this MBA specialization offers so much more! As an entry point into the corporate world, it can provide you with good pay. It is essential for every firm, company, or business to have a finance/accounts department. As a finance or accounting manager, you will prepare financial reports for a company with your MBA degree. Financial analysts are responsible for handling the finances of a company and developing strategies to make it more profitable and save money. Among the many careers available to you, you can become an asset manager, treasury manager, equity manager, credit risk manager, hedge fund manager, etc.
Finance might be the right specialization for you if you are good with numbers and enjoy planning strategically. In this degree, you would gain in-depth knowledge of financial factors, how to form a strategic plan in order to weather financial crises, mergers, or laws that govern a company's finances and steer your firm away from financial trouble. The financial services industry, financial institutions, finance consultancies, etc., offer you plenty of opportunities to make a successful career.
The minimum salary for a beginner with an Executive PGPM is INR 7 lakh annually. You will make more money depending on what company you work for, where you live, and what experience you have.
Marketing is a popular MBA specialty
Marketing is the most popular PGPM Specialization out of all MBA specializations. In order to sell their goods and services, all companies dedicate a significant portion of their budget to marketing. You will be a perfect fit for the marketing industry if you are a highly creative person who thrives in a dynamic environment and enjoys developing unique strategies. You will learn how to take on immense responsibilities with this degree and be prepared for a leadership role. Health care, retail, information technology, media, etc., are all industries where you can find rewarding employment. Your extensive knowledge of market trends will make you a sought after candidate. Try out a variety of roles, including business marketing, analytical marketing, competitive marketing, retail management, advertising, etc.
In an entry-level position, you can earn up to INR 7.5 lakh per annum with an Executive PGPM in marketing. You'll be rewarded for your efforts with promotions.
Popular MBA Specializations: Operations management
We live in a commercial world where demand for products is increasing by the day. Innovation in production technology and the rise of e-commerce and enhanced manufacturing had induced businesses to hire a new kind of professional – experts in operations management. Another of the different MBA Specializations that is almost the same as operations management is logistics and supply chain management. This degree gives you a unique perspective on client demand, the ability to predict the demand curve in the future, a deep understanding of the different components of the supply chain, etc.
Operations managers are expected to find ways to minimize disruptions in production and supply so that customers can continue to rely on the company for delivering products or services. You will be tasked with infusing extreme efficiency into the firm’s operations. Some job titles associated with this Among those specializing in an MBA are inventory managers, logistics managers, purchasing managers, consultants for operations, sales and warehouse managers, and plant managers, among others.
If you are looking for management jobs, an MBA in operations management is likely to be one of the most lucrative. As a beginner, operations managers are usually paid around 8 lakhs a year.
Popular MBA Specializations: Human Resources
HR teams are found in every company, and it is one of the more challenging and tricky positions among them. Choose HR from among the many MBA Specializations if you have great interpersonal skills and can communicate effortlessly. You will learn how to manage a company's workforce in the Executive PGPM program. Performance and productivity of any firm are determined by how well you perform your duties. HR professionals are not only responsible for hiring skilled employees, but also for keeping them, addressing employee complaints, and ensuring a peaceful environment at the workplace. As well, they need to understand labour laws and amendments to make sure the company doesn't run afoul of government regulations or get sued.
A human resources manager earning INR 6.5 lakh to INR 7.5 lakh per year is an entry-level position.
Candidates can choose from a wide range of MBA specializations that can help them land their dream jobs. Prior to deciding which Specialization you should pursue, it is important to carefully weigh your interests and abilities. A number of online MBA programs are also available for those who prefer to learn from home. Internships on weekends are also available. Therefore, an Executive PGPM program would be ideal for those who already have a job.
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Created on Oct 25th 2021 02:31. Viewed 104 times.