Master of Business Administration(MBA), equips you with a diverse skill set that opens doors to a multitude of exciting Career options post-MBA. Choosing the right path can feel overwhelming with a lot of available options.
This comprehensive guide explores 10 of the most sought-after and lucrative career paths for MBA graduates along with the emerging High-paying jobs for MBA graduates that can take up in 2024, providing insights into their responsibilities, salary potential, key skills required, higher study options and typical job roles.
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Amrita AHEAD MBA Program helps you chisel your career with quality assistance that an online MBA program can offer. Let us drive through the various High-paying jobs for MBA graduates one can undertake after graduating from the MBA Program.
Marketing Managers play a crucial role in crafting and executing strategic marketing campaigns. MBA Marketing course is a full fledged specialisation that prepares a candidate for taking up the role of marketing manager. They analyze MBA job market trends, identify target audiences, and develop data-driven strategies to reach their goals to drive sales and brand awareness
Responsibilities include:
Business Operations Managers are responsible for the smooth day-to-day operations of a business. They ensure efficient workflows, optimize processes and collaborate across departments to achieve organizational goals.MBA Operations Management is the specialization to prepare the candidates for this particular job. Their duties encompass:
Financial Managers are financial experts who analyze financial data, prepare budgets and forecasts, and manage financial risks for an organization. They play a pivotal role in ensuring financial stability and facilitating strategic decision-making. MBA Finance prepares you for this job. Responsibilities include:
Management Consultants act as trusted advisors to businesses, providing expert advice on various management issues, from strategy and operations to organizational change. MBA General Management prepares you for this job. They collaborate closely with clients to identify challenges, develop solutions, and implement effective changes. Responsibilities include:
Product Managers are responsible for the entire lifecycle of a product, from conception and development to launch and market success. They collaborate with engineers, designers, marketers, and other cross-functional teams to ensure their product meets customer needs and achieve business objectives.
Responsibilities include:
Human Resources (HR) Managers play a vital role in fostering a positive and productive work environment.MBA Human Resources prepares you to take up these roles. They are responsible for developing and implementing HR policies, overseeing recruitment and onboarding processes, and managing employee relations. Key responsibilities include:
Data Analysts extract valuable insights from data to inform strategic business decisions. They utilise various statistical and analytical tools to identify trends, patterns, and relationships within data sets, turning raw information into actionable intelligence. Responsibilities include:
Information Technology (IT) Managers oversee the planning, implementation, and management of an organisation’s IT infrastructure and systems. They ensure the smooth operation of IT systems, develop IT strategies, and manage IT budgets. Responsibilities include:
Project Managers plan, execute, and monitor projects from start to finish. They ensure projects are completed on time, within budget, and to the required specifications. Responsibilities include:
Typical Job Roles: Founder, CEO (Chief Executive Officer), Business Owner.
Average Base Salary (India): N/A (Varies widely depending on the venture’s success)
Entrepreneurs are individuals who start and manage their own businesses. They take on the risks and rewards of ownership, developing business plans, securing funding, and managing all aspects of their ventures. Responsibilities include:
| Job Title | Typical Job Roles | Average Monthly Salary (INR) (Glassdoor) | Key Skills | Higher Study Options |
| Marketing Manager | Marketing Director, Brand Manager, Digital Marketing Manager, Advertising Manager, Campaign Manager | ₹ 6,85,417 | Market research, data analysis, strategic thinking, communication, budgeting, creativity | Ph.D. in Marketing, Executive MBA |
| Business Operations Manager | Operations Director, Supply Chain Manager, Logistics Manager, Plant Manager, COO (Chief Operating Officer) | ₹ 6,52,500 | Process optimization, problem-solving, analytical thinking, communication, collaboration, project management | Executive MBA, Master of Science in Operations Management |
| Financial Manager | Finance Director, CFO (Chief Financial Officer), Investment Banker, Financial Analyst, Controller | ₹ 7,36,667 | Financial analysis, accounting, risk management, budgeting, forecasting, communication | Master of Science in Finance, Doctor of Business Administration (DBA) |
| Management Consultant | Senior Consultant, Strategy Consultant, Operations Consultant, Technology Consultant, Management Analyst | ₹ 7,87,500 | Problem-solving, analytical thinking, communication, interpersonal skills, strategic thinking, project management | Ph.D. in Management, Executive MBA |
| Product Manager | Product Owner, Head of Product, Product Marketing Manager, Product Development Manager | ₹ 7,15,000 | Product vision, market research, communication, collaboration, project management, data analysis | Master of Science in Product Management, Executive MBA |
| Human Resources Manager | HR Director, Talent Acquisition Manager, Employee Relations Manager, Compensation and Online MBA Program Benefits Manager | ₹ 6,41,667 | Communication, interpersonal skills, problem-solving, conflict resolution, recruitment, employee relations | Master of Science in Human Resource Management, Executive MBA |
| Data Analyst | Business Analyst, Data Scientist, Market Research Analyst, Business Intelligence Analyst | ₹ 5,68,750 | Data analysis, statistics, programming, communication, problem-solving | Master of Science in Data Science, Master of Business Analytics |
| Information Technology Manager | IT Director, IT Project Manager, Network Administrator, Systems Analyst | ₹ 7,25,000 | IT infrastructure management, cybersecurity, project management, communication, problem-solving | Master of Science in Information Technology, Executive MBA |
| Project Manager | Senior Project Manager, Program Manager, Project Lead, Construction Manager | ₹ 6,62,500 | Project management, communication, leadership, risk management, budgeting, scheduling | Master of Project Management, Executive MBA |
| Entrepreneur | Founder, CEO (Chief Executive Officer), Business Owner | N/A (Varies widely depending on the venture’s success) | Entrepreneurship, marketing, sales, finance, operations, leadership | Master of Business Administration (MBA), Executive MBA |
Top 10 Lucrative Career Options post-MBA in 2024(Source: GlassDoor)
Online MBA Program Benefits for busy individuals who want to advance their careers without sacrificing work or personal commitments. Here are some of the biggest advantages:
The world of work is constantly evolving, and new opportunities are emerging all the time. Here are 10 exciting and high-paying career paths for MBA graduates in India that are expected to see significant growth in 2024, along with their estimated monthly salaries based on Glassdoor data: https://www.glassdoor.com/index.htm
As blockchain technology continues to disrupt various industries, the demand for skilled professionals who can advise businesses on its implementation is skyrocketing. Blockchain Consultants help organizations understand the potential of blockchain, develop strategies for integration, and ensure security and compliance.
Sustainability is becoming a top priority for many organizations, and businesses are increasingly seeking qualified individuals to lead their sustainability initiatives. CSOs are responsible for developing and implementing sustainability strategies, managing environmental and social impact, and driving positive change within the organisation.
The integration of AI into various aspects of business is creating a growing need for professionals who can bridge the gap between technology and business strategy. AI Product Managers lead the development and launch of AI-powered products, ensuring they meet market needs and deliver value to customers. Amrita AHEAD Online MBA AI program is the best option to take up this emerging field in 2024
In today’s digital age, businesses are constantly seeking ways to adapt and thrive. Digital Transformation Consultants help organizations develop and implement strategies to leverage technology for process optimization, improved customer experience, and increased efficiency.
With the ever-increasing threat of cyberattacks, the demand for cybersecurity professionals is at an all-time high. Cyber Security Architects design and implement secure IT infrastructure, manage security risks, and ensure data protection.
Understanding and exceeding customer expectations is crucial for business success. CXOs are responsible for designing and overseeing the customer experience across all touchpoints, focusing on customer satisfaction, loyalty, and brand advocacy.
With data privacy regulations becoming increasingly stringent, organizations need qualified individuals to oversee data protection practices. DPOs ensure compliance with data privacy regulations, manage data breaches and implement data security measures.
The financial technology (Fintech) sector is experiencing rapid growth, creating demand for professionals with both business and technology expertise. Fintech Product Managers lead the development of innovative financial products and services, leveraging technology to improve financial inclusion and accessibility.
Businesses need to be prepared for unforeseen events that could disrupt operations. Business Continuity Managers develop and implement plans to ensure business continuity during disasters, minimizing downtime and financial losses.
As companies strive to become more sustainable, the need for individuals who can analyze and assess their environmental and social impact is growing. Sustainability Analysts gather and analyze data, identify areas for improvement, and develop strategies to enhance an organization’s overall sustainability performance.
It’s important to note that salary figures are estimates based on Glassdoor data and may vary depending on location, experience, and other factors. However, these emerging roles offer exciting opportunities for MBA graduates seeking high-growth and impactful careers in the ever-evolving business landscape.
An MBA opens doors to a multitude of exciting career paths by carefully considering your interests, skills, and career aspirations, you can leverage your MBA to embark on a rewarding and fulfilling professional journey. This guide has explored 10 of the most sought-after and lucrative paths, but remember, this is not an exhaustive list. The possibilities are truly endless with an MBA in hand. Go AHEAD within your career aspirations with Amrita AHEAD Online MBA Programs to become successful in the business world.
