As per a recent survey, the majority of students’ population take up Master of Business Administration courses for better career opportunities and a bright future. Statistics state that around 33% of Indian graduates opt for MBA after UG degree. The Master of Business Administration course opens the door way for higher job positions in various business sectors. Many top colleges such as Universal AI University, the best MBA University in Mumbai and others offer a remarkable range of MBA courses.
Let us explore the career opportunities that are available after MBA degree in top colleges such as the best MBA university in Maharashtra and other states.
Course Highlights of Master of Business Administration:
Master of Business Administration course is one of the most demanded higher education degrees after UG degree due to its greatly enhanced career prospects in multiple facets of the business world.
Here are the course highlights of MBA in the best MBA institutes in Mumbai and other places:
| Course | MBA |
|---|---|
| Full Form | Master of Business Administration |
| Course Description | The Master of Business Administration (MBA) course is focused on inculcating business administration and management techniques, tactics, methodologies, and nuances for its implementation in future business platforms. This course prepares the students in various aspects that include handling the business efficiently and incorporates multiple life skills such as critical thinking, and decision making which are essential for the successful running of any business. |
| Level | Postgraduate Level |
| Duration | 2 years |
| Mode | Semester / Annual |
| Eligibility Criteria | The basic eligibility criteria for pursuing an MBA at any top college like Universal AI University, the best private university in Maharashtra and others are as follows: â—Ź Candidates should have completed a UG degree in any stream from any recognized educational institution. â—Ź Candidates should have scored at least a minimum of 65% aggregate marks in the UG degree. The eligibility criteria are subject to variations based on your chosen college. |
| Admission Procedure | Admission to MBA is provided either on a merit basis or an entrance exam basis. Certain MBA colleges in India consider UG degree scores for merit-based admission. Certain other colleges such as Universal AI University, the best MBA University in Mumbai conduct their own entrance exam namely UBSAT and personal interview for entrance-based admission to MBA. |
| Average Course Fee | INR 3 - 35 LPA |
Specialisations offered under MBA:
MBA courses have a wide range of specialisations to choose from. Different business schools such as Universal AI University, the best MBA University in Mumbai offer different sets of specialisations. Here are the general available MBA specialisations:
- Human Resource
- Finance
- Marketing
- Supply Chain Management
- Business Analytics
- Operations Management
- Hotel Management
- International Business
- Banking and Finance
- Systems Management
- Data Science and Data Analytics
- Sales and Marketing
- Healthcare Management
- Digital Marketing
- Information Technology
- Entrepreneurship
Types of MBA courses:
MBA courses are provided in different variations at the best MBA colleges such as Universal AI University offering the best executive MBA programs and many other colleges.
Here are the different versions of the MBA:
- Full-time MBA
- Part-time MBA
- Online MBA
- Integrated MBA
- Executive MBA
- Global MBA
Career Opportunities after an MBA:
Master of Business Administration pursued in top colleges like Universal AI University, the best MBA University in Mumbai and other colleges paves the way for a wide range of career opportunities.
MBA graduates can find their way in both the public and private sectors. Let us know more below:
Public Sector Career Scope after MBA:
The Government of India holds a wide range of organisations that hire MBA graduates for various positions.
Government Organisations hiring MBA graduates:
Some of the Government Organisations that hire MBA graduate are:
- State Bank of India
- Indian Overseas Bank
- Reserve Bank of India
- Bharat Heavy Electricals Limited
- Oil and Natural Gas Corporation
- Coal India
- National Mineral Development Corporation
- National Payments Corporation of India
- Life Insurance Corporation of India
Government Sector MBA Jobs:
These organisations hire for various job roles and some of them are as follows:
| Government Jobs After MBA | Average Salary in INR |
|---|---|
| CEO | 28 LPA |
| General Managers | 22 LPA |
| Foreign Remittance Incharges | 19 LPA |
| Specialist Officers | 16.7 LPA |
| Senior Executives | 16 LPA |
| Finance Manager | 13 LPA |
Private Sector Career Scope after MBA:
Master of Business Administration graduates from top colleges like Universal AI University, the best MBA University in Mumbai and others are hired in various areas of recruitment in the private sector for a wide range of job positions.
Areas of Recruitment of MBA graduates in private sector:
Some of the prominent areas of recruitment of MBA graduates in the private sector are as follows:
- Banking
- Finance companies
- Retail Industry
- Advertising Industry
- Marketing companies
- Supply Chain Industry
- Retail industry
Top private companies for MBA graduates:
Top private companies that hire MBA graduates are as follows:
- Cognizant Technology Solutions India Pvt Ltd.
- Amazon
- HPE
- IBM
- Tata Consultancy Pvt Ltd.
- Infosys
- Wipro
- Microsoft
Job Position for MBA graduates in the private sector:
Here are some of the job positions for which MBA graduates are hired in the private sector:
| Job Roles | Average Salary in INR |
|---|---|
| Marketing Analyst | 4.53 LPA |
| Marketing Executive | 3 LPA |
| Sales Manager | 4.57 LPA |
| Human Resource Manager | 8.13 LPA |
| Talent Acquisition Specialist | 6.5 LPA |
| Compensation Manager | 5 LPA |
| Financial Analyst | 3.5 LPA |
| Accounting Manager | 4 LPA |
| Business Analyst | 4 LPA |
| Information System Analyst | 5 LPA |
| IT Strategist | 10 LPA |
| Software Manager | 15 LPA |
Conclusion:
The employment rate of MBA graduates has risen to 60% in 2023 from 47% in 2022 and will continue to expand more. Thus students completing MBA in top colleges such as the best MBA University in Mumbai and other colleges will have greater career prospects in the upcoming years. Master of Business Administration holds the capacity to offer bright career for the students and hence taking up MBA will be one of the best career choice.
FAQs:
1) Which stream in 12th is considered suitable for business management courses?
Commerce stream in 12th is considered suitable for business management courses. But students from all other streams can also pursue business management courses.
2) Which MBA specialisations are the best?
Some of the best MBA specialisations are as follows:
- Marketing Management
- Human Resource Management
- Finance
- Information Systems
- Operations and Supply Chain Management
3) What are the common entrance exams for MBA?
Some of the common entrance exams for an MBA are MAT, CAT, CMAT, and GMAT.
4) What are the skills required to pursue an MBA?
The skills required to pursue an MBA are:
- Communication Skills
- Decision-making Skills
- Team Management Skills
- Leadership Skills
5) Is MBA costly?
The cost of the MBA course depends on your chosen business college. Average MBA fees range from INR 2,00,000 to INR 24,00,000 for the entire course.
