Today, most companies are looking to recruit MBA graduates for their business growth, since it provides some excellent benefits.
Benefits of an MBA degree
- Management skills: An MBA degree will make you an effective manager in solving problems pertaining to business and personnel. If you already possess a skillset, an MBA will help you out of your comfort zone to learn the latest management techniques.
- Business network: An MBA offers the best networking opportunities since you get to interact and exchange notes with fellow students, teaching faculty and guest speakers.
- Excellent exposure: An MBA degree acquired abroad exposes you to a new perspective on how businesses are run in that country. It broadens not only your cultural horizon, but also your career prospects abroad.
- High salaries: This is the greatest perk of putting in hard work to acquire an MBA degree. You get higher pay than other non-MBA employees or those who have done a regular Master’s diploma.
MBA opportunities for business growth
If you have opted for an MBA program, you need to know what jobs are on offer that require this degree. Let’s see what these are:
#1 Banking and finance
With an MBA in banking and finance, you can expect to land a job with banks, insurance companies, security firms and various other financial organizations. Jobs are also available in commercial banking, cards management, liabilities product management, corporate banking, transaction banking, credit risk, and many others. Companies, such as Barclays, Goldman Sachs, JPMorgan Chase, Nomura, RBS, and many more, look for MBA graduates.
#2 Investment banking
As an investment banker, you function as an underwriter. You are required to connect investors to organizations in need of funds. For this position, you need to possess the acumen to analyze what is the best fit for the client. Acquisitions and mergers also come within the ambit of an investment banker. Other opportunities include treasury, securities and investment management. You can expect to get employed in companies, such as Barclays Investment Bank, BofA Securities, Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs, Morgan Stanley, and the like.
#3 Information System Management
For this, you need to have a technology base and require to do an MBA in Information Systems. Your job as an information system manager is to identify the latest technologies to help in the business growth of your company. You are also required to conduct a thorough cost analysis while working with financial and managerial departments.
#4 Data analytics
Today, companies, whether they are involved in banking, e-commerce, management or retail, need people to interpret the ‘big data’ for their businesses to be successful. This has made data analytics important. MBA graduates, as data scientists and data analysts, can expect to get hired by companies, such as LatentView Analytics, Fractal Analytics, and others.
#5 Management consulting
MBA trains you to be a problem solver and if you are particularly good at it, then management consulting is for you. As a management consultant, you are required to solve organizational issues by employing new methods and fresh ideas for problem-solving. You will find many openings in organizations, such as Bain (BCC), Cartesian Consulting, Cognizant Business Consulting, Deloitte, Infosys Management Consulting, Michael Page, PeopleStrong and many more.
#6 Private equity
If you possess an investment acumen, an MBA can help build a private equity job profile and open the doors for an investment banking job. With this qualification, you can hope to get hired by companies, like Axis Securites, Angel Broking, Bajaj Finserv, DE Shaw, Fidelity Investments, Fullerton, ICICI Prudential Asset Management, JPMorgan Chase, and many more.
An MBA degree helps in awakening the dormant entrepreneur in you and helps you in choosing your career. If you have a start-up idea, an MBA can provide you with the expertise required by an entrepreneur. An MBA also offers excellent networking avenues that may come in handy in raising capital and receiving professional advice for your start-up.
An MBA degree, whether acquired through a campus business school or online, helps in increasing your business credibility. It not only enhances your existing skillsets but also make you versatile, enabling you to choose your career options and land better-paying jobs. It is immensely helpful in your business growth and in learning any new development in business.