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A very apt question asked. These days courses have become a rat race.
Students not knowing their potentials and most importantly not knowing what they wish to focus or what they want out of their career make a choice blindly.
Thus you will notice, many MBA graduates are still at a junior level and few are working in positions or roles they do not fit into at all.
Thus answer to your query, as to scope and success of a management course would completely depend on your abilities, aptitude, potentials and most importantly knowing what you wish to do in future.
Also Management is a trait which follows experience. But we see a lot of freshers who jump into a management course, not knowing anything about the functioning of the industry. I suggest, pursue a management course only after few years of work experience, as one would know the true meaning of management and would be able to utilise the learnt management principles.
Wish you good luck.....
In the modern era, pursuing a career after having an MBA degree has become the most competitive field. The three letters degree has become mandatory for getting into the corporate sector. It has become a herculean task for one to get differentiated among others for getting bright future options. Going for a business program boosts various career prospects for a successful future, even after having a cut throat competition in this field. According to the Graduate Management Admission Council, there is a high rise in MBA admissions each year after 2008. Only self-knowledge can help one to pursue the right career choice to ensure one's career progression. Here we are going to discuss various career scopes after having a master’s degree in business administration and management courses:
For any Confusion Regarding Career Paths – Take here: Psychometric Career Tests including Ideal Career Test
Pursuing a career as a financial analyst after doing an MBA is beneficial to have bright career options. The role of a financial advisor is to provide investment, insurance, retirement and taxation related guidance to customers. It also includes a perfect strategy to achieve financial targets of a company. An MBA can follow up to the role of a manager for future success.
A financial analyst may get a salary package of up to 3 lacs per month. The increase in the pay scale of a financial advisor or an investment advisor is highly influenced by his experience.
Financial manager has responsibilities to overview company’s financial growth, to prepare and review financial reports on monthly as well as on annual basis, to analyze latest trends of the market and to manage personnel and financial profits of a company. Along with the degree in finance, companies also hire MBA students to boost their analytical abilities and extra skills that may help the rapid financial growth of a company. Companies offer high pay scale to the MBA aspirants.
Average monthly salary of a finance manager is approx 1 lac. There is no big effect on pay scale even after having years of experience.
HR (Human resource) Manager:
Due to rise in demand of skilled HR managers in various human resources department, an MBA can directly approach to this post. This post brings the responsibility of administration work to recruit, to hire and to give training to executives. HR manager also helps an organization in a strategic manner to maintain its development, compensation and benefits. One has responsibilities to solve various company issues such as harmonious relations with clients, compliance, redundancies, solve disciplinary etc.
Average monthly pay scale of an HR manager is varied from 25k to 2 lacs depending upon the skills and experience. Senior HR manager can get 60k to 2 lacs of monthly salary package. An HR executive may get 20k to 1 lac per month salary package.
Information system manager:
IT is the most demanding field oflate. Each and every company whether it’s big or small hire information system manager to ensure their system requirements such as to upgrade old technologies, to find out the new technologies and to keep the system secure. Several MNCs hire IT professionals who have Master’s degree in computers and have MBA degree as an additional qualification. The aim is that manager can easily handle all the prospects related to the company including IT as well as business skills to deal with clients for getting success.
An average salary package is about 1 lac per month. For higher pay scale, further skills are required related to the post of project manager or ERP(Enterprise Resource planning). Experience will be an add-on for further growth. Chief Information Officer (CIO) may get an average salary package up to 4lacs.
Many companies hire graduate’s for the post of management analysts. These companies require improvement in costs, finance, problem-solving skills and more. Some large scale companies prefer MBA degree for this post. The aim is to achieve company’s high targets and to work tactically with a team. About 20% of management consultants prefer to be self-employed.
Average salary package of management analyst is up to 3 lacs per month depending upon one's skills and experience. For higher pay scale further skills are required, such as operational management, business strategy, marketing strategy, IT solutions etc.
In today’s era, the 'Big Data' has become more important for startups and all kinds of businesses. It is required to analyze all the aspects of the market demand and to focus on the same for company growth. Data analytics has become the most demanding part of the corporate sector. One can pursue his career as a data scientist also for edging the future success.
The Average monthly salary package is about 3 lacs for a data analyst. For getting a high rise in pay scale one should have high experience and have skills related to SAS, data modeling, big data analytics, statistical analytics and more.
Health service manager:
During MBA, Healthcare Management Program is specially designed to boost up healthcare business. Hospital management involves work including clinical, global and healthcare management and hospital administration services. One can follow up his career as a manager to oversee the work of doctors, lab assistants, clerical and technical helpers in a hospital.The one who has an MBA degree can get financial growth in this field.
An Average salary package is between 2-4 lacs monthly. It requires skills like operational management. Experience will have only a moderate effect on high salary packages.
One can pursue his career as an investment banker or an investment fund banker after MBA. The first one is to help various government and private companies to raise their funds in equity and debts. An investment banker guides strategically to merge and acquisition of a company to the other for achieving high financial targets. A fund manager advice people to make investments related to the stock market, real estate and several other financial and banking sectors.
The investment banker may have monthly salary package from 70k to 1 lac. One should acquire skills like JAVA/J2EE along with the experience for getting higher pay scale.
Companies need someone who can help to expand a company’s market value. Marketing manager helps them to obtain new distributors and customers to increase sales and profits of a company. The role of the marketing manager is to research on latest trends, to explore various opportunities, to estimate market demand, and to develop marketing campaigns. Employers related to hi-tech industries, mainly prefer MBA degree along with the bachelor’s degree in engineering and science stream.
An average annual salary package is about 10 lacs for a Marketing Manager. Skills required for high pay scale are product marketing, strategic marketing, branding, marketing communication, business analyst.
A Senior Marketing Manager may have pay scale from 15 lacs to 2 crores annually depending upon experience and skills. Web marketing, product marketing, social media marketing, branding and advertising are the required skills for getting such a high salary package.
The success rate for an MBA varies from person to person. It is based upon one’s skills, field requirements, capacity, innovative ideas and more. Only differentiative skills can lead one towards high career progress.
Employment Growth Rate:
From the analysis of various industries, it is forecasted that there will be a rise in employment growth in all the fields related to MBA till 2020.A career in management sector offers high remuneration packages and rapid success rate. Various incentives are also provided by the private companies including accommodation, CPF, medical allowance, transport allowance, reimbursement and more. The knowledge and discipline gained during MBA are strongly recommended for the growth of the company. It leads all the MBA aspirants to enter new scopes and to unlock the path for rapid advance success rate in the upcoming years.
Career Advisor / Phd Scholar
A Psychologist with 13 years of experience in corporate, schools and hospitals. Have coordinated training programs, and developed a new product for leadership development of adolescents, conducted many workshops and lectures for parents, teachers and students during my tenure at the school.
Dealing with clients who have problems concerning adjustment with work, family and helping them lead a better and healthy life is what I strive for. Using therapeutic techniques and assessment tools has helped me so far in making a difference in the life’s of those that I worked with.
The core characteristics that have helped define and guide my career and personal relationships have been focused on flexibility, commitment, openness, challenge, and growth. Managing time and ability of multi-tasking; Excellent communication & convincing skills; Managing Events and good team player; Eye for details and striving for excellence in everything; Being proactive and responsible; Proven ability to learn quickly and become an expert; Skilled at producing quality work with limited resources.
· Assessment and Development Centres
· Behaviour Facilitation
· Content Development
· Psychological therapies like CBT, REBT, Behaviour Therapy, Client Centred Play Therapy, Relaxation Therapy
· Psychological Assessments like personality tests, intelligence tests, projective tests, diagnostic tests, aptitude tests
Teacher at Chinmaya Vidyalaya, Bokaro
Mr Vikash has an experience in career counselling for students from age group of 12 to 20 across various domains. He is also an experienced teacher for and specializes in coaching students for Olympiads; he works as a teacher at Chinmaya Vidyalaya, Bokaro. B He possess skills in all areas of education, can counsel, motivate and direct students while maintaining high interest and achievement levels in a fun and challenging learning environment.
PhD Organizational Psychology
Dr. Aparna has a PhD in Organizational Psychology from the UK and is researching about Indian women and Generation Y employment for UNDP. Before to this she has worked as a Management Consultant with European Commission project UK. She has obtained her MS, MRes and PhD degrees from UK and was a winner of the prestigious and competitive Vice Chancellor scholarship: ‘Developing Solutions international scholarship’ at the University of Nottingham. She was an International Students Ambassador at the University of Nottingham, Elected President of UNICEF on campus team at Nottingham University and was also an international ambassador at the University of Bristol UK.
Here she is to guide you on subjects like MBA, Sociology, Psychology, Study abroad, Business and Entrepreneurship.
16 yrs across 6 sectors (Wellness, Retail, Supply Chain, Financial Services, Education)
Sid is a result oriented, versatile leader with a coveted multi-sector exposure to running cos at different stages of evolution (start-up, growth and turnaround situations) having worked very closely with 4 MD's/CEOs + influenced a vast number of stakeholders in his remarkable 16 yr career. (> 60 recommendations received are listed).
Over the years, he has successfully handled extremely critical + diverse functions ranging from Strategy (incl Analytics), Corporate Affairs (Media & Investor Relations / Communications), BD & Mkting, Ops & SCM, HR + Corp Fin (M&A).
He is a self starter, an innovative thinker having the ability to effectively navigate complex and ambiguous situations while operating within constraints.
Sid is a young, dynamic leader, firm decision maker possessing fluent communication & smart negotiation skills, sharp analytical abilities, acute attention to detail, systems orientation and an unwavering spirit to keep learning!
He is an alumnus of IIM Indore, JBIMS, ICAI and a graduate in commerce from Mumbai University.
Thanks to the diverse exposure over the years (across Wellness & Healthcare, Retail, Supply Chain, Furnishings, Financial & Consulting Services, Education), Sid has developed a strong natural ability to draw learnings from multiple sectors & domains and adapt, apply them in varied contexts. This empowers his strategic thinking & decision making capabilities. Also he has smartly blended his hands-on approach with the imperative of building & driving high potential teams towards meticulous execution.
This makes him highly confident of handling senior roles like Business Head with P&L responsibility, Chief Strategy Officer or a Business Consultant. For some he could even don the hat of a TRULY Independent Director (DIN: 07313029)
The fact that he is extremely comfortable with Hi Variable comp & Aggressive ESOPS is a reflection of his self belief & confidence in overcoming business challenges & EXCEEDING performance metrics.
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