MBA or Master in Business Administration is a postgraduate course that aims to acculturate students with the ins and outs of the running of a business. It puts a student at the driving seat of business. It has soared in huge popularity due to its attractiveness in terms of new career paths, professional development opportunities, and increased financial benefits. A variety of career options await an MBA degree holder. In this blog, we will explore what exactly is an MBA program and what are the major MBA career options you can explore after completing this course.
Also Read: Best Answer for Why MBA
MBA Career Options: Overview of MBA
Master in Business Administration (MBA), as discussed is a postgraduate degree programme which teaches students to deal with the major functions of a business. This may include finance, marketing, human resources, operations, technology management and much more.
An MBA program is typically of two kinds: General MBA and Specialised MBA. General MBA is where all disciplines are equally focused upon and students gain important insights into all aspects of a business. Specialised MBA gives a basic understanding of all facets of business management along with focusing on a specific field. A Specialised MBA program, by focusing on core disciplines like M\arketing, human resources, operations, strategy, finance affords students to become experts in their field of choice.
Both the General MBA and Specialised MBA are designed to suit the needs and requirements of different kinds of management students and professionals.
MBA Career Options: Popular Specialisations
This is the most opted-for specialisation for pursuing Specialised MBA. It deals with the tools and techniques that are used in the financial world. Students are taught investment management, derivatives, behavioral finance and much more.
Marketing is how companies tell about their products to their prospective customers. It is a discipline that has evolved over the years with the continuous innovations in the business industry.
Also read: MBA Marketing Subjects – Know What You Will Learn
The recent decades witnessed a large number of companies and businesses being born and shut down. Entrepreneurship studies deal with how companies can be better sustained in the long run.
Other Popular Specializations
These are some other popular specialisations for pursuing an MBA program:
- Operations Management
- Human Resources
- International Management
- Technology Management
- Healthcare Management
- Tourism and Travel Management
- Hotel Management
- Media Management
- Aviation Management
- Retail Management
Also Read: Why MBA in HR?
MBA Career Options: Top Universities for Pursuing MBA
There are various renowned universities around the world that offer some of the best MBA degree programmes. Harvard Business School, MIT Sloan, London Business School, INSEAD, Stanford University, Stern School of Management, New York University are amongst the world-renowned business schools for pursuing MBA.
- Harvard Business School, Harvard University, USA
Studying MBA from Harvard Business School (HBS) offers you an immense understanding of the facets of management along with world-class opportunities and exposure. Being one of the world’s most innovative business schools, the case study method of teaching at Harvard Business School has been adopted by a host of other institutions. It also offers joint degree programmes in association with other disciplines like Public Policy, Medicine, Law, Engineering and Biotechnology.
- Sloan School of Management, Massachusetts Institute of Technology, USA
The Sloan School’s two year MBA program is geared towards finding creative solutions to challenging problems of the world. This program has three tracks, namely, the finance track, the entrepreneurship and innovation track and the enterprise management track. Furthermore, it provides students with a chance to customise their course after they complete the core first semester.
- London Business School, UK
Based in the heart of London, London Business School has the most comprehensive MBA programmes in the world. The curriculum of these programs is hugely customisable to suit one’s interests and inclinations. Depending on your choice, it can be completed in 15, 18 or 21 months. It offers global business experiences and international exchange as well.
Entry Requirements for MBA
The most essential element of entry requirements is that applicants are generally required to have at least 2 years of work experience in order to get into top schools. A good score in the Graduate Management Aptitude Test (GMAT), consistently high GPA and a strong statement of purpose form the other prerequisites.
Also Read: How to write SOP for MBA
MBA Career Options: Certifications
During or after an MBA, students can choose to pair their degrees with an international certification. Prevalent certifications that help in expanding MBA career options are Chartered Financial Analyst (CFA), Financial Risk Management (FRM), Chartered Public Accountant (CPA), etc.
MBA Career Options: Popular Career Choices
There are immense career options to pursue after completing MBA in your chosen field of interest. Here we listed all the popular career choices to explore after MBA:
- Financial Analyst
- Management Consulting
- Entrepreneurship Expert
- Marketing Professional
- Data Analyst
- Healthcare Management Expert
- Human Resource Manager
- Information System Expert
Hence, there are various MBA career options to pursue after studying this renowned degree in management and business administration. With the rise in disciplines, courses offered and universities to choose from, applicants need to meticulously judge and evaluate programs that suit their interests. Let our Leverage Edu experts assist you to find an ideal MBA program in your field of interest along with guiding you to get shortlisted in the college of your choice.