Among all the postgraduate offerings in India, MBA would top the list. It is a popular choice for not only Arts and Commerce students but also Science and Technical students. The prime reason is that MBA graduates have comparatively higher-paid jobs. Another reason is that MBA students are taught to be professionally skilled.
Management institute in Indore like RIMS has graduated with envy-worthy careers. How do management graduates differ from other graduates? Let us find out how an MBA accelerates our careers.
Why Should One Pursue an MBA?
To start the discussion of why one should consider pursuing an MBA degree let us see some benefits of having an MBA.
More job opportunities: The job market is highly competitive and having an MBA can set candidates apart. As MBA students are trained to work in managerial positions and have skills across many fields, they are more in demand than other candidates.
Explore outside of the comfort bubble: MBA graduates have busy lives even as students. One day they are talking to an industry expert and the next day they were doing an internship at an organization. People are constantly pushed out of their comfort zones which is the perfect recipe for an ideal employee.
Switch careers: Students from Science, Technical, and also creative backgrounds can apply to MBA courses. One can comfortably switch careers and secure a higher-paid job.
Interact with people of diversified backgrounds: A standard MBA class has students from diverse backgrounds. This opens up the student to be more culturally aware and one can also take inspiration from them.
Learn different aspects of management: MBA courses, typically in the first semester, cover a lot of management subjects. Students are more knowledgeable and can comfortably work across different departments.
Skills That MBA Students Have
MBA courses are professional courses. As such, students are taught both theoretical and practical skills to work in the corporate world. These skills will be essential to work in any field and industry. Some such skills are as below.
Leadership: All MBA students are taught to think and work independently. They are confident individuals who can see to the future. This ability, in particular, helps in leading other people. As managers, they are flexible to work with others and are also able to settle disputes quickly.
Networking: MBA students are especially experts in networking. The MBA programme syllabus is designed in a way that allows students to interact with a lot of people. One gets to talk to people and experts from different backgrounds and fields. This network then comes into play when looking for jobs or when general advice is needed.
Communication Skills: Communication skills are a must for all MBA graduates. These individuals are able to comfortably talk with large groups and conduct meetings. Individuals get a lot of practice that helps them build up confidence and are also taught to listen well to others. All of these together make for strong communication skills for the future.
Non-Verbal Communication: Non-verbal communication involves body language that can portray a different message than the words spoken. This will enable ensuring people are not picking up the wrong message. Non-verbal communication is an important aspect of all MBA syllabuses.
Decision-Making Ability: Some of the best BBA college in Indore have witnessed their graduates possessing impeccable decision-making skills. Students, in particular, are given tips and tricks to strategise and compartmentalize their thinking process. Different models are also taught that enable students to take the best decisions.
MBA Jobs and Average Salary
To get a better understanding of what the career scale of an MBA graduate would look like, let’s look at some of the top MBA jobs graduates work at. Here, jobs that MBA general students are eligible for are discussed.
Marketing Manager: In the Marketing department, the Marketing Manager is the head leading several employees. The Manager will come up with ideas to market and sell products and services. To do so, the Marketing Manager comes up with different campaigns where research is done about the target market and effective means to spread the word about the subject of the campaign. Another aspect of the campaign involves tracking its performance. On average most employers offer salaries of INR 6,80,430 LPA to Marketing Managers.
Sales Manager: Sales managers, a part of the Sales department, talk with customers and the general public to promote sales. These managers have a lot of negotiation skills with the ability to communicate effectively. They are given targets to achieve and they work in both retail and non-retail settings. Sales managers also manage a team of Sales Associates who will work in a given region or area. As per online reports, a Sales Manager’s salary is around INR 5,06,609 LPA.
Human Resources Manager: The Human Resource Manager within organizations work for the welfare of all employees. They will look over all policies and procedures being followed and if there are any disputes to be settled. Most MBA college in Indore, will do the initial hiring and interviewing and also handle the resignation process and exit interviews. All national rules and regulations are enforced by the HR manager. Payroll and raises are also handled by the HR Manager. To work in this role, one can expect an average salary of INR 6,94,443 LPA.
Administrative Manager: To ensure all the bills are paid in the organization and the office is running smoothly, the administration department is present. The administrative manager is a popular job most graduates in the radiant institute and other institutes work. Some responsibilities these managers handle are doing the documentation, organization, filing the documents, etc. Individuals in this role must have attention to detail and efficient workers. For their efforts, they are awarded around INR 5,55,461 LPA.
Finance Manager: Finance Managers, a part of the Finance department, handles all financial and accounting needs. They will do data analysis to get an understanding of the financial health of the organization. Thereafter, they will go about making suggestions to boost it. Some changes or suggestions they make to the upper management involve investments, pricing, cost reduction tactics, the annual budget etc. The Finance Manager will also work with auditors so that the whole auditing process carries out carefully. Once hired, regardless of experience, the average salary is INR 10,10,633 LPA.
Before choosing any course for higher education students should take the time to think about their passions and interests. If an MBA is a way to go, students can rest assured that they will have guaranteed and sustained career growth.