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Increasing demand for business education and non-tech jobs

Management

The labor market in India is evolving, thanks to the growing interest in business education and non-tech jobs in the country. This trend can be seen in both students and professionals alike. The blog looks deeper at the consistently increasing demand for business education in India. 

Also read: Do I need an MBA to become a CEO?

Let us take a look at some of the changing trends in the domain of business education.

There has been a consistent increase in enrollment rates in business schools and programs, including undergraduate, MBA, and specialized Master’s degrees. 

Additionally, there is a wide choice of business education programs today for students. These include finance, human resources, marketing, and entrepreneurship. These courses are designed to equip students with the desirable skills to help them excel in their chosen work areas. 

You may also like: Government jobs for MBA graduates

Driving Factors for the Demand in Non-Tech Jobs

Some of the key factors responsible for driving non-tech job demands among students and professionals alike are outlined below:

  • Economic Diversification: This is leading to the growth of non-tech sectors in the country, such as healthcare, finance, and hospitality. An increase in the aging population is causing an inevitable growth in demand for efficient healthcare. Digital banking has resulted in fintech innovations, and the constant rise of the global middle class has facilitated easy access to disposable incomes, thereby a greater demand for tourism.
  • Shifts in Consumer Behavior: Changes in consumer preferences are creating new opportunities in non-tech industries. People are shifting focus towards health and wellness, which is responsible for the growth in the healthcare sector. Likewise, consumers prefer innovative fintech solutions like online banking over traditional bank visits, which has increased the demand for these services.
  • Regulatory Changes: New regulations and policies are driving demand for professionals in fields like compliance, environmental sustainability, and public health. Skilled professionals are required in these domains to ensure privacy of data, internal auditing, environmental compliance, health and safety standards, and the like.

Key Non-Tech Sectors Experiencing Growth

As explained above, a wide array of non-tech roles and professionals are gaining demand and popularity in the job market. Some of the most popular non-tech sectors experiencing growth in India are highlighted below:

  • Healthcare and Biotech: There is a growing demand for business roles in these sectors, some of which include:
Job roleAvg annual salary (approx)
Venture Capitalist
INR 39,00,660 per annum
Portfolio Manager
INR 18,80,000 per annum
Pharmaceutical Product Manager
INR 12,70,000 per annum
Hospital Administrator 
INR 10,323,823 per annum
  • Financial Services: Equally prospective opportunities can be found in finance, accounting, and investment management, emphasizing the need for business acumen. These include: 
Job roleAvg annual salary (approx)
Investment Banker
INR 17,60,000 per annum
Financial Manager
INR 17,00,000 per annum
Auditor
INR 7,00,000 per annum
Financial Analyst INR 5.6 lakh per annum
  • Retail and Consumer Goods: This industry is witnessing a surge in demand for marketing, supply chain management, and business strategy roles. A few examples include 
Job roleAvg annual salary (approx)
Product Manager
INR 18,00,000 per annum
Brand Manager
INR 15,00,000 per annum
Supply Chain Analyst
INR 7,17,000 per annum
  • Education and Training: The growing need for administrators, curriculum developers, and educational consultants can also be felt in the education sector:
Job roleAvg annual salary (approx)
Educational Consultant
INR 20.8 lakh per annum
Administrator
INR 10,15,668 per annum
Curriculum Developer
INR 6,45,000 per annum

You may want to learn more about: What are the high-paying non-technical job roles?

Skills and Competencies for Non-Tech Careers

Let us now look at some of the core skills and competencies that graduates need to enter non-tech career roles:

  • Leadership and Management: This is perhaps the most important skill that can drive organizational success in non-tech fields. You must have the ability to motivate, lead, and guide your team through all challenges toward organizational success.
  • Analytical and Strategic Thinking: Strong analytical and strategic thinking skills help make data-driven decisions in an organization. A person’s ability to identify complex problems and find creative solutions can go a long way in ensuring success.
  • Communication and Interpersonal Skills: These skills are essential in managing teams and effectively engaging with the concerned stakeholders. 

Impact of Business Education on Career Advancement

Graduating with a degree in business education can help open up a wide array of lucrative career prospects in non-tech job roles. Here are some other advantages of pursuing business education courses: 

  • Career Flexibility: Business education offers flexibility to switch between different industries and roles. You need not restrict yourself to working for one specific technical domain; instead have the freedom to experiment with varied roles and find your best niche and fit.
  • Networking Opportunities: Students gain exposure to various seminars, workshops, and industrial internships as part of the business education curriculum, where they get to network with professionals and industry experts. This helps them gain valuable insights and experience in their respective domains.
  • Practical Experience: A lot of emphasis is placed on internships, projects, and real-world case studies in preparing students for non-tech careers. Online MBA provides a perfect blend of theory and hands-on learning for students, giving them the right exposure to learn and grow as they move along.

Challenges and Considerations  

We looked at how business education can help promote growth in non-tech career roles. Let us now take a keen look at some of the popular challenges along the way:

  • Balancing Tech and Non-Tech Skills: It is essential to have a balanced skill set that includes both technical and non-technical competencies. Stay attuned to digital technologies and tools relevant to your industry, even in non-tech roles.
  • Continuous Learning: There is a consistent need for lifelong learning and professional development to stay relevant in the evolving job market. The competition is ever-increasing and gets tougher by the day. It helps to stand out with the skills you possess and work on your branding and development for overall professional growth.

Read more on The Art of Self-Promotion: Leveraging Online Platforms for Career Success 

Take your career forward with Online Manipal

As we realize the relevance of business education and non-tech jobs in the market, along with the rapidly growing demand for tech skills and job roles, it helps to understand that education plays a key role here. One of the key reasons for the rising demand for non-tech jobs is that students and professionals are abreast with the changing trends in their respective fields of work. An MBA degree can significantly help increase your value and equip you with the desired skills and knowledge to move forward in your career. 

Manipal University Jaipur presents an exclusive opportunity to pursue an online MBA with the chance to hone non-tech skills and choose a domain of your choice to specialize in. The course offers a wide array of electives to choose from as per your interests – marketing, human resource management, project management, and more. All these electives are primarily career-focused and aim at charting out a rewarding career path for you.

Conclusion

The growing demand for business education and the increasing opportunities in non-tech jobs are encouraging students and professionals alike to consider the diverse career paths available. Additionally, acquiring a well-rounded education is a sure-shot path to success in today’s dynamic job market. Restricting yourself to only technical knowledge and skills may result in monotony and career stagnation after a while. However, with business education and learning imparted through MBA programs, such as the online MBA degree by Manipal University Jaipur, you gain a diverse set of knowledge and skills that can be very helpful in your career trajectory.    

Manipal University Jaipur offers an online MBA in varied domains to enable students to choose a career of their choice. Additionally, the course focuses on imparting business education and practical skills to students, empowering them to take charge of non-tech jobs in the market upon graduation.

Disclaimer

Information related to companies and external organizations is based on secondary research or the opinion of individual authors and must not be interpreted as the official information shared by the concerned organization.


Additionally, information like fee, eligibility, scholarships, finance options etc. on offerings and programs listed on Online Manipal may change as per the discretion of respective universities so please refer to the respective program page for latest information. Any information provided in blogs is not binding and cannot be taken as final.

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  • online education in India

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