Scope of MBA

A Masters in Business Administration (MBA) is a professional postgraduate degree program which offers great career opportunities across various industries after completing the course. The on-the-job training provided in the 2-year degree program provides students with a platform to gain experience in the corporate sector. With further specialization in fields like Health Management, Marketing, International Business, etc, the scope of MBA increases. In this blog, we will shed light on the career prospects of an MBA graduate. 

Scope of MBA in India and Abroad

Are you planning to study MBA but confused between Indian and abroad? MBA is the most in-demand course around the world. More than 3 lakh students take admission in MBA and this number is just from India. Comparing MBA in India vs abroad on different basis has its own pros and cons. Studying abroad gives students an opportunity to experience a multicultural environment, tradition, and lifestyle. An individual that has completed his/her higher education has a different approach and personality. Students gain incomparable skills and knowledge while pursuing MBA from the USA, UK, Australia, etc. On the other hand, pursuing an MBA from India is much affordable. There is no denying the fact that MBA graduates from top universities are in demand not just in India but around the world. 

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Demand of an MBA Degree

• MBA is undoubtedly a popular master’s program that students pursue under various specializations
• MBA enables students to have a broad understanding and sharpening their expertise in particular field
• Some of the in-demand specializations of MBA are brand management, accounting, global business, operations management and human resource management, etc. These specializations give students premier qualifications and a strategic advantage in academic and industry
• Full-time MBA graduates have great career paths in field like sales and marketing, finance, administration, management, logistics and promotion and branding
• MBA is a great choice if you want to excel in your career and offers great opportunities to build leadership skills and management skills

Scope of MBA after BA

What’s the next step after completing your BA? You can either work or pursue higher studies. MBA is a popular choice among BA graduates. The benefits of doing an MBA after a BA are numerous. There are better job opportunities, personality development enhances your skills, builds leadership qualities, and has the much-needed industry exposure. Completing an MBA will increase your chance of better job opportunities, career and enhances professional growth. 

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Scope of MBA after MBBS in India

Don’t want to pursue an MD or MS after MBBS? Well, here is the newest emerging trend, MBA after MBBS in India. Students can work in the same field with bigger and better job opportunities. Instead of being restricted to the clinical roles, students will be eligible for the managerial roles as well. Specialization such as healthcare, hospital management, hospital administration is a popular choice. 

Scope of MBA in Government Sector

One of the reasons MBA is the most popular course is that it is not restricted to one field. You can work in medical, business, finance, and even in the government sector. Managerial roles are available in almost every sector from telecommunication to banking. Some of the popular job profiles to consider after an MBA in the government sector are marketing and personal officer, Management trainee in PSUs, or a manager in any bank, office. 

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MBA Scope in Future

There are plenty of jobs available for MBA graduates all over the world but what about the coming few years? The future is uncertain and some courses that were in demand before have lost their touch. MBA is among the courses that help students gain extensive knowledge and sharpens their skills. The future of an MBA looks bright because of its demand not in just one particular field but almost in all sectors. According to various international reports, the demand for MBA graduates will increase in countries such as Canada, USA, UK, Australia, etc. 

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Top 10 Universities for MBA Abroad

Now that you are aware of the scope of MBA. The next step is selecting the university that will turn your dreams into reality. There are plenty of universities abroad offering MBA abroad, we have listed down the top 10 universities for you:

University	Location
University of Pennsylvania	Philadelphia, United States
Stanford University	Stanford, United States
INSEAD France	Fontainebleau, France
Massachusetts Institute Of Technology	Cambridge, United States
Northern Alberta Institute Of Technology	Edmonton, Canada
The University Of British Columbia	Vancouver, Canada
Nyenrode Business University	Breukelen, Netherlands
Stockholm School Of Economics	Stockholm, Sweden
IE Business School	Madrid, Spain
Dublin Business School	Dublin, Ireland

Also Read : Top Reasons to Consider Pursuing an MBA

Top 10 Universities for MBA in India

If you don’t want to pursue MBA from a foreign university, India has many top-business schools as well. Here is the list of top 10 universities for MBA in India:

University	Location
Indian Institute of Foreign Trade	New Delhi
SVKM’s NMIMS	Mumbai
Management Development Institute	Haryana
Faculty of Management Studies – University of Delhi	Delhi
S. P. Jain Institute of Management and Research	Mumbai
XLRI – Xavier School of Management	Jharkhand
Indian Institute of Management	Multiple Locations
Institute of Management Technology	Ghaziabad
Jamnalal Bajaj Institute of Management Studies	Mumbai
Christ University	Bangalore
Motilal Nehru National Institute of Technology	Prayagraj

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Qualities to enroll in MBA programme

The following are the qualities or skill set required to pursue an MBA programme:

• Academic Capability: Colleges consider a candidate’s academic background when deciding whether to admit them. Any extracurricular activities that demonstrate your interest in managerial studies can increase your chances of admission to top B-schools in India because colleges also consider a candidate’s general level of interest.
• Experience at Work: Eligibility requirement for several MBA programmes that require two to three years of professional experience.
• Making Decisions: The majority of reputable business schools seek to hire applicants who can cope with a demanding work environment and who will be successful in making growth-oriented judgments.
• Vision: To pass the personal interviews held by top business schools, you must have a well-defined thought process and a compelling goal.
• Leader-like Attributes: As all universities strive to develop MBAs who can be hired by reputable firms and lead them, it is another critical quality that business schools look for in MBA candidates.
• Analysis Capabilities: The goal of every MBA entrance exam, group discussion, and personal interview is to evaluate and test your analytical skills.
• Self-Awareness: All of your accomplishments, experiences, skills, and flaws should be presented in a clear and concise manner.
• Dedication: Students that are committed and eager to study are continually sought for by interviewers.

Popular Specialisation

The biggest benefit of an MBA is that it comes with the option of various specialization. If you are planning to do MBA after MBBS choose a specialization in health administration. If you are doing it after BA you can specialize in marketing. Just like that, we have listed down the popular specialization in MBA:

• Finance
• International Business
• General Management
• Operations Management
• IT Management
• Advertising
• Human Resource Management
• Event Management
• Business Analytics

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Scope of MBA in HR

Every organization needs skilled recruiters for hiring the right candidates for different profiles. If you have excellent communication skills and are good at managing resources and people, then a career in Human Resource Management is an ideal one for you. An MBA in HR is a postgraduate degree program that involves a deep-embedded insight into the disciplines of Human Resource Development, Organisational Management, Strategic Management, amongst others. Further, you will also get to learn about the cultural, financial, and social factors that can affect the relationship between employees and employers. Check out our blog to Find Out All About an MBA in HR!

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Scope of MBA in IT

MBA is one of the sought-after courses that offer specialization in various fields such as digital marketing, event management, accounting, retail management, foreign trade, construction management, etc. MBA in Information technology has also emerged as a popular choice among students in India and abroad. MBA in information technology is a unique blend of business management with IT subjects. It is an in-depth study of business organization, finance, marketing, human resource management, business application, ICT, E-Business, computing, etc. Want to know more? Here is our blog on MBA in Information Technology

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MBA in Marketing

When it comes to marketing, the newest trend is digital marketing. More students are choosing MBA in digital marketing over other marketing courses. MBA in Digital Marketing is a creative course offered by various universities. The duration of the course is 3 years or 6 semesters in India and 4 years or 8 semesters in foreign colleges. Digital Marketing course syllabus teaches a wide range of media strategies, new concepts, creative learning, and also covers the management aspect of marketing. The program has been designed with industry experts to provide you with the relevant knowledge and training to efficiently deal with the fast-growing sectors of digital marketing. MBA in Digital Marketing focuses on creating a path for you to tackle new technologies, indulge with the working methods of the industry, create new marketing campaigns, evaluate different marketing trends, and analyze marketing data. Find out everything about MBA in Digital Marketing

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Scope of MBA in International Business

Generally running for a period of 1-2 years, MBA in International Business provides an in-depth understanding of trade and business management activities at a global level. Subjects like Global Operations, Business Management Strategy and Culture, Business Methods, International Finance and Marketing,Communication Skills, etc, form an integral part of the course curriculum. Further, one needs to complete a dissertation project, the duration of which can vary from one university to another in order to complete the degree program. Here is our blog to provide more information – MBA in International Business

Also Read : Top MBA Colleges Around the Globe

Scope of MBA: Work Profiles

An MBA degree not only imparts extensive knowledge in various subjects like Finance, Accounting, Economics, Marketing, and Human Resources Development but also equips students with business-associated skills like leadership, communication, problem-solving ability, strong networking ability, sales, marketing, etc. Thus enhancing the scope of MBA. Here is a comprehensive list of various job profiles an MBA graduate can work in: 

Investment Banker

Investment bankers are the professionals who provide financial and strategic advice related to business mergers and acquisitions and also help large organizations, companies, and government agencies to raise funds in the capital markets (debt and equity). To pursue this career, an MBA which is concentrated in finance is an excellent choice. 

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Financial Manager

These professionals look after the overall financial transactions and related activities of the companies. Not only the Financial Managers handle the cash and investment activities but they also create financial budgets and procedures. The other roles include helping an enterprise meet its fiscal objectives, assessment of financial transactions, completing the process of mergers, etc. 

Chief Technology Officer

Chief Technology Officers manage, oversee, and promote research in various technologies that can be put to effective use for the company. They establish technical standards in the company for everyone to work in accordance with. The scope of an MBA in this field increases with a specialization in Information Technology management.  

Marketing Manager

Adding to the scope of MBA is a career in Marketing. These domain-experts devise strategies to not only promote the business of various firms but also are responsible for retaining the existing clientele and adding new ones. The managers aim to increase the profits of the company through meticulous research in new market trends and marketing campaigns. They seek to identify and sustain the company’s competitive advantage. 

Information Technology Director

The Information Technology Director is tasked with devising and executing strategies to make the IT infrastructure more secure and easily accessible to all. Thus, the scope of MBA with a specialization in Information Technology opens up the doors to a wide range of career opportunities. 

Product Manager

In coordination with the marketing, finance, customer support, and development teams, the Product Managers devise and bring new systems and products into the market. They not only understand the needs and requirements of the client but also brings an optimum solution with the help of the engineering team. 

Health Services Manager

Health services Managers ensure that the companies are adhering to the government’s reforms regarding healthcare delivery. From overseeing the performance of doctors, clerks, and technicians to managing or co-manage the entire healthcare facility of a specific department, the scope of an MBA in this field is vast. 

Entrepreneurship  

Entrepreneurship is one of the most favored career options these days. Since an MBA degree enhances the business acumens of the students, the scope of MBA in this field is vast.

What are the Job Opportunities after MBA?

The scope of MBA is not restricted to the abovementioned role. Here is a list of some other interesting work profiles you can work in after obtaining the degree:

• Supply Chain Manager
• Logistics Manager
• Business Analyst
• Project Manager
• Operations Manager
• Human Resource Manager
• Media Planner
• Inventory Manager

Scope Of MBA: Areas Of Employment 

Since an MBA degree incorporates the theoretical concepts of various subjects with on-the-job training, the scope of MBA is not restricted to only a handful of industries. Given below are some of the most popular and fascinating areas to work after obtaining a degree in this professional course:

• Retail and Corporate Sector
• Banking and Financial Institutions
• Government Agencies and Organizations
• Media Sector
• Information Technology 
• Hospitality Sector
• Entrepreneurship 

Salary

The salary of an MBA graduate starts from 10 lakhs to 25 Lakhs per annum on average. There are various factors affecting the salary structure such as the university placement, academic score, job profile, skills, and many more. Here are the popular job profiles with salary structure:

Job Profiles	Salary per annum in INR
Investment Banker	₹9.04 Lakh
Financial Manager	₹9.95 Lakh
Marketing Manager	₹6.85 Lakh
Product Manager	₹17.32 Lakh
Human Resource Manager	₹6.97 Lakh

Top business schools prioritise these skills while selecting MBA candidates. Most prestigious colleges are looking for applicants who will improve their placement and academic performance records. As a result, these b-schools are seeking applicants who have the potential to one day lead businesses. You will be a stronger applicant for top MBA institutions and have a better chance of passing the Personal Interview round if you work on these personality traits.

FAQs

Thus, the scope of MBA is unimaginably large. If you want to pursue an MBA abroad but are not sure which university to study in then you can get in touch with the expert counselors at  Leverage Edu who will not only guide you in choosing the right university but will also create an impressive Statement of Purpose to increase your chances of admission.