Scope of MBA

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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. 

Also Read : MBA in Hong Kong

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. 

Also Read : MBA After BCom

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

Also Read : January Intake in Canada for MBA

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:

Also Read : How To Get Direct Admission in MBA?

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

Also Read : MBA HR Syllabus

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. 

Also read: Investment Banking

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:

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 ₹904722
Financial Manager ₹995734
Marketing Manager ₹685280
Product Manager ₹1732442
Human Resource Manager ₹697958

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. 

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