What Can You Do With an MBA Qualification?

If you are just starting out in the corporate sector or have been there for some time but want to enhance your business acumen, then getting an MBA qualification would definitely elevate your professional credibility. Through this 1 to 2-year degree, you can not only get into C-suite jobs in large business corporations but also step into the world of entrepreneurship. In the Masters in Business Administration program, the focus is laid on improving the candidate’s communication skills, problem-solving skills, networking skills and learning how to tackle strenuous situations. Besides, the program also aims to imbibe in students the ability to conduct effective research and analysis to develop innovative business models and creative business practices in the current business world.

MBA: Program Overview

An MBA (Master of Business Administration) is a graduate degree that teaches business management and administration in depth. It can assist people to acquire careers in a variety of industries other than business and finance. After earning a bachelor’s degree, this master’s degree normally takes two years to complete.

While pursuing an MBA, you can specialise in a business-related discipline such as marketing, operations, analytics, or human resources. Earning an MBA usually leads to a higher earning potential, more job responsibility, and more career prospects.

MBA Qualifications and Minimum Percentage Required 

Whether you opt to pursue MBA abroad or in India, it is vital to abide by the exact MBA qualifications that are listed by the chosen university or B school. The required skill set for doing an MBA defence in India and abroad, let us take a quick look at what all are the academic requirements along with the minimum percentage required to pursue MBA courses in India and abroad. 

India 

• The applicants must complete a degree in form 10+2+3 under any discipline by securing at least 50% marks in aggregate from a registered University
• Those who have completed an honours degree in the pattern 10+2+4 with at least 50% marks from a university registered under the UGC Act are eligible for the course
• The majority of the institutions in India offer 5-10% relaxation in overall marks for the reserved categories like SC, ST and PWD

Abroad 

• The minimum required percentage for pursuing an MBA in universities abroad differs from one institution to another. However, it is beneficial for students to have at least 50% or more in their bachelors course 

MBA Qualifications: Top Entrance Exams 

Now that we are familiar with the basic MBA qualifications about the academic upfront, it is important to know that institutions in India and abroad also consider the score of MBA entrance exams as an essential parameter when it comes to admission. Thus, students have to qualify for these entrance exams with flying colours for securing a seat in their dream business school. Stated below are the popular MBA entrance exams for India and abroad- 

MBA Entrance Exams for India

•  CAT
• MAT
• CMAT
• ATMA
• XAT
• IIFT
• NMAT
• SNAP
• ISBAT
• MAHCET
• TISSNET

MBA Entrance Exams for Abroad

• GMAT 
• GRE 

MBA aspirants must note that, along with any one of the above-mentioned entrance exams, it is important for students to qualify for English language proficiency exams such as- 

• IELTS
• TOEFL 
• PTE

Popular MBA Courses

As we are through with the MBA qualifications, tabulated below are the popular MBA courses- 

MBA in Banking and Finance	MBA in Healthcare	MS in Engineering Management	MBA in Project Management
MBA Strategic Management	MBA in Biotechnology	MBA Agribusiness	MBA Real Estate
MBA in Civil Engineering	MBA Hospitality Management	MBA in HR	MBA in Sustainable Development
MBA in Blockchain Management	MBA in Fashion Designing	MBA in Computer Science	MBA Healthcare Management
MBA in Agriculture	MBA in Aviation Management	MBA in Data Science	MBA in Logistics

Popular Specializations of an MBA

This qualification can be pursued in different specializations:

• Human Resources
• Information Technology 
• Finance
• Marketing and Sales
• International Business Management
• Operations Management
• Hospitality Management
• Aviation Management
• Sports Management
• Data Analytics
• Healthcare Management
• Entrepreneurship

Also Read: Everything You Need To Know About MBA Specializations

Skills Required

Employers most value the following talents in business school graduates, according to survey responses from corporate recruiters:

• Strategic thinking
• Communication
• Versatility
• Ability to navigate technological disruption
• Leadership

The need for these various abilities varies according to the industry you want to operate in and the size of your company. Employers may be searching for something different in COVID-19 than they were in pre-2020.

10 Career Prospects after MBA Qualification

With this qualification, you can venture into a broad array of professions depending on the specific field you choose. Here are some of the career options that you can consider to understand what you can do with an MBA qualification.

1. Human Resource Manager

When every company is looking forward to hiring administrators to handle some of the core activities of the organisation, MBA in HR can be a great way to grab that position. Your role as Human Resource Manager covers everything from overseeing the recruitment process and conducting interviews to managing other employees. Moreover, your role will also be central in setting the policies, rules and regulations for the company as well as its employees. Human Resources is not restricted to C-Suite organizations only. Every organization needs people in their HR to ensure the smooth functioning of the firm. The popular employment areas include Hotels, Hospitals, IT Firms, Educational Organizations, etc. Hence, having an MBA degree in HR, there is a whole myriad of opportunities out there for you.

2. Luxury Brand Specialist

The Luxury Brand industry is ever-growing with professionals developing business and marketing models, and analyzing brand strategies catering to an exclusive target audience. In Luxury Brand Management, you would identify the clientele, and create a market base by organising campaigns and collaborating with other designers and brand curators. As a Luxury Brand Specialist, you would be working closely with the clients to build a fruitful relationship with the customers and ensure a positive market image of the brand. You would supervise the production process, market research and budgeting. With an MBA qualification in Luxury Brand Management, there are truckloads of opportunities in the top brands like Victoria’s Secret, Louis Vuitton, Salvatore Ferragamo, Burberry, and Gucci to name a few.

3. Market Research Analyst

Every firm has either some tangible deliverables or some specific set of services that they provide. For that, they work towards developing methods to generate revenues. So, to ensure higher revenues, a market research analyst with an MBA qualification conducts research to understand the consumer requirements and the demand for the product in the market. As an analyst, you will gather information, prepare reports based on polls and surveys and analyze data using statistical software. With an MBA in Marketing and a specialization in research, you will lead the content development, advertisement campaigns, event planning and development and execution of the market plans in the organization.

4. Digital Marketing Expert

In the era of the Internet, the business has shifted to online mediums wherein from buying clothes to footwear and accessories to hotel bookings and ordering food, everything happens online. So, firms with an online presence require people who can engage in brand promotions, content development and strategy development and campaign management to attract business. So, with an MBA qualification in Digital Marketing, one can prosper in the field of Content Curation, Social Media Marketing, Brand Management, and Lead Generation, amongst many others.

5. Chief Financial Officer

Accountable for the organization’s finances in terms of financial reporting, budgeting, and auditing, a CFO leads the Finances and Accounts of the organization. They handle the firm’s funds, investments and returns. So, to equip them with the relevant skills, the syllabus of the MBA in Finance is modelled to impart the knowledge to analyze corporate reports, gauge economic trends, equalize profitability with risks and maximize the company’s stock values. As a CFO, you act as the financial backbone of the organization as the livelihood of hundreds of people depends upon you. Implying the fact that as many perks and benefits as there are, the stakes are also high.

6. Budget Analyst

In big corporations, the Finance department hires Budget Analysts who handle their finances, monitor their expenditures and prepare budget reports to set up financial goals. As an expert in this sector, you would work closely with the project managers to review the budget proposals, combine all the projects and programs to create an organizational budget and provide estimates for future budgeting. The government sector recruits these analysts on a large scale to save the taxpayers pennies while staying within the bounds of the law.

7. Logistics and Supply Chain Manager

Ever wonder how shopping apps provide you with the live location of your parcel? The credit goes to the advancement in the area of Logistics and Supply Chain Management where experts in the fields of logistics are working to supervise high-tech warehouses, stock departments, and shipping. As a Supply Chain Manager, the efficiency of your work ensures the smooth movement of the raw materials to deliver the finished product in time within the set budget. In this field, with an MBA qualification, one learns the procedure to handle different materials, their storage in the warehouses and making an inventory, transportation, and distribution to maintain an easy flow of different materials.

8. IT Director

In the technological age, the world is seeing a rapid growth of technology-based firms. Working in these firms are highly qualified tech specialists who are headed by the IT Director. As an IT Director, you will tackle the computer and technology-related areas, determine the IT goals of the organization and implement the computer systems required to match the company’s needs. As an MBA in Information Technology degree holder, you would scale up the operations of IT as per the needs and demands of the current cloud-based operations and digital media platforms.

9. Healthcare Manager

A Healthcare Manager is amongst a few of the people who hail from a non-medical background in a Healthcare facility. They oversee the upkeep of the healthcare centre in accordance with the updated standards and laws. Moreover, with an MBA qualification in Healthcare Management, one acts as the face of the organization on various platforms on both online and offline mediums. They handle the backend tasks including the finances, and meeting the doctors, patients and vendors. A part of their job includes handling sensitive situations that pertain to the life of a being. Hence, having the desire to do good for the benefit of humanity acts as a source of inner motivation in this sector.

10. Entrepreneur

If creating something of your own has always been on top of your mind, then, with an MBA in Entrepreneurship you can finally get to building the career of your dreams. Especially in terms of the current start-up environment, enthusiastic individuals can begin their own businesses with just a few resources and outsource their work from freelancers and get onto the path of realizing their dreams. As an entrepreneur, you would take up a job where you would need to build a professional network, test your business models and lead a big team, of future leaders. So, a part of your job would be to nurture talent and give them much-needed mentorship. As exciting and lucrative as this field is, entrepreneurship is a 24×7 job and demands from us our best. 

Average Salary After an MBA

MBA programmes can be expensive, with tuition at some elite schools topping six figures. Fortunately, outstanding MBA programmes can provide a significant return on investment.

According to the most recent Graduate Management Admission Council Corporate Recruiters survey, MBA graduates from the class of 2021 earn an average salary of $115,000.

However, according to the research, the average pay for MBA grads is currently somewhat higher than $90,000. Salaries differ depending on geography and position. Sales managers, for example, earn less than senior project managers on average, and individuals in metropolitan regions are more likely to make more than those in rural ones.

Is an MBA Worth It?

MBA degrees are not cheap, and it usually takes between 1-2 years to complete. The financial and time investment is worthwhile if you are motivated to succeed in business, whether as an employee or as an entrepreneur.

GMAC, which conducts alumni polls every year to gauge how satisfied Business graduates are with their courses, backs this up. “Full-time MBA alumni express the most agreement that their education increased their earning power,” according to the 2018 survey. Professional MBA alumni are the most likely to agree that their education equipped them for positions of leadership.”

FAQs

So, if you are considering to opt an MBA qualification to refine your business and administration skills and to pursue the career of your dreams, then, these are not your only options. To know more about some distinct and unconventional yet rewarding career choices, you can visit us at Leverage Edu and move ahead on the path to attain a personalized career pathway to help launch your career.