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: 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 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.
Also read: Investment Banking
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.
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.
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 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.
Other Exciting Career Opportunities That an MBA Offers
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
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.