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Management

Top 20 career prospects for a management graduate

Online Manipal Editorial Team | November 25, 2022

Getting a degree in management widens your career opportunities and unlocks excellent potential in landing a secure and high-paying job. This benefit holds irrespective of whether you have acquired an on-campus degree, opted for an online BBA degree, or accelerated online MBA

In any case, an aspirant (or a degree holder, for that matter) may wonder about the future career prospect of a management degree. Hence, the following are the top 20 job positions for management graduates: 

  1. Human Resource Manager 

A career in human resource management continues to remain an evergreen choice among management graduates. HR managers tap into their soft skills to build rapport with the employees while keeping the executives happy. From resolving workplace conflict to developing worker-friendly policies – you may be actively involved in all the tasks that promote the welfare of the workforce. If you are a “people person,” this position is ideal. From hiring to relieving, the HR department manages each employee’s career cycle in any organization. 

ALSO READ:How to become an HR manager: Job role and salary 

  1. Business Management Consultant 

Business Management Consultant uses their experience and foresight to implement changes within a business to help them achieve their goals. These goals could be in the form of increased sales or improved productivity, and so on. You will require considerable research skills paired with an acute understanding of market trends. Further, you must follow a data-driven approach to drive the results. 

  1. Business Development Manager 

A career in Business Development is an off-beat choice for management graduates. However, it only goes to display the versatility of the degree. This profile is perfect for you if you have acquired specialization in business, finance, accounting, sales, or marketing. As a Business Development Manager, you will have to formulate strategic plans to increase business profitability and brand position in the market. 

  1. Project Manager 

Project Managers are responsible for juggling people, tasks, and resources to deliver projects in a timely fashion. You will have to participate in every stage of project development, from the moment the client outlines their goal until delivery and support. To work in the position of a Project Manager, you may have to acquire industry certification such as Agile or PRINCE2. 

  1. Social Media Manager 

Given the status social media platforms have gained in the past few years, there has been an increased demand for Social Media Managers. If you are a tech-savvy individual, who knows the value of multimedia and content, then this emerging field could nurture your interests. Remember that the world of social media is ever-changing, so you would be required to stay abreast of all these changes and apply your theoretical knowledge against this backdrop. Adding tech subdomains/roles in social media marketing can be made a little more elaborate. 

  1. Risk Manager 

As businesses have started to focus on reputation building and management, it has given rise to the profile of a Risk Manager. Risk Managers offer a holistic approach to assessing the risks that may impact a business’s safety and security, profitability, and reputation. In addition to identifying threats, they plan out risk mitigation and disaster recovery plans to prevent and recover from these risks. Given its sensitive nature, this job requires a highly experienced professional with strong analytical skills. You need to completely understand business requirements, legal conditions, corporate governance, tax compliance, and environmental factors. Mention what specializations are eligible for this job. 

  1. Entrepreneur 

Do you have a unique business proposition and a defined plan to realize this dream? Then, consider starting up your own business venture. 

As a management graduate, you will possess the requisite business understanding to help you create, manage, grow, and sustain a business. And while there is no sure-shot formula for becoming a successful entrepreneur, your degree in management will surely improve your chances. During a management program, you can touch upon some subjects that will help you start your own enterprise. 

  1. Digital Marketing Specialist 

As more and more people start using digital platforms to communicate, interact, and purchase, it is imperative for every company to expand its digital footprint to seek prospective customers as well as enhance its brand image. A digital marketing professional tends to perform a crucial role in augmenting maximum revenue through various digital platforms. Digital marketing is the modern strategy for connecting with potential customers while leveraging the internet as the foundation of technological development. 

As a management graduate, you will work with the marketing team to get more leads from social and search engines with targeted activities. More leads, increased conversion rates, and reduced cost against conversions (CAC) are the key goals of a digital marketer. All management or business administration courses today cover digital marketing as a focused subject. 

ALSO READ: Best marketing jobs & careers to pursue in 2023 

  1. Hospital Administrator 

The sense of health safety has multiplied among people, especially after the Covid outbreak in 2020. Governments across the globe are focusing on the healthcare sector to avert any future health crisis. As a crucial element in this task, hospitals are becoming more professional and skill-rich by recruiting talents for various positions. A hospital administrator is one such position. 

A hospital administrator needs to be knowledgeable about both business and medicine. They are in charge of keeping healthcare institutions’ administrative and business parts in good order. However, they are also personally involved in the operation, emphasizing achieving high standards of resident care safety. They frequently handle a variety of duties, including hiring, training, assessing, and scheduling employees and taking charge of the organization’s finances and budgets. 

READ MORE: Career prospects after an MBA in Healthcare Management 

  1. Supply Chain Manager 

In the era of e-commerce and app-based logistics & delivery, managing the seamless operations of the entire process is significant. As a result, the importance of supply chain management is becoming crucial for every business involving logistics or delivery solutions or services. 

Supply chain managers direct and coordinate the supply chain activities to control costs, improve accuracy, and provide customer service and security. Additionally, they monitor projects and quotas to monitor adjustments and their consequences on the present supply chain management. A purchasing manager’s starting compensation ranges from Rs. 6L to Rs. 7L annually. 

  1. Financial Analyst 

A financial analyst is tasked with advising a corporation on critical strategic choices regarding the management of its investments and portfolio. Financial analysts sift through mountains of data in an effort to derive insights. CEOs use their findings to determine whether to buy or sell business stocks and bonds and to gauge their investment risk tolerance. 

In order to assess a company’s financial performance and identify investment trends, a financial analyst examines its financial statements. They carry out cash flow analysis, analyze current market trends, and assess the performance of stocks, bonds, and other assets. A financial analyst’s primary responsibility is to maximize earnings by optimizing a company’s performance. 

ALSO READ: An easy guide on how to become a financial analyst 

  1. Marketing/Sales Manager 

Marketing managers plan and execute marketing initiatives to create demand for goods and services and increase consumer awareness. This broad term can include a wide range of actions, including designing, administering, and assessing marketing initiatives. 

The person in charge of managing a company’s sales crew is a sales manager. Planning the most efficient use of the existing resources, identifying and addressing any adjustments required to fulfill client expectations, and assisting their teams in enhancing sales performance are all part of their duties. Sales managers typically earn excellent salaries with a generous commission structure and have a lot of responsibility in a busy workplace. 

Sometimes, both are intertwined, and marketers may hold sales activities and vice versa. 

  1. Bank Manager 

The network of banks in public, private, payment, commercial, and cooperative banks spread across the width and breadth of the country is the backbone of the country’s financial system. Bank managers are driving the operations and functions of these banks to provide a better financial service to customers in different strata of society. 

A bank’s overall success is the responsibility of its bank managers. They are in charge of multiple departments and are required to make sure that all staff members strive to meet the objectives established by their superiors. They need to properly manage their personnel and keep positive connections with clients and other businesses to accomplish these goals (for example, by providing loans). 

  1. Investment Banker 

Investment banking is a specialized financial service in which a business aids institutions and organizations in raising sufficient cash and offers them consulting services on how to do it. By purchasing their shares at an appraised price and reselling them later, investment bankers assist fledgling startups with going public. Investment bankers may work for corporations, governments, and trade security companies. 

The missing link between businesses and investors is investment banking. They support public and private businesses in various ways, including by helping them buy stocks and bonds, organize mergers and acquisitions, and determine the rates for securities. Private businesses can turn to investment bankers for advice on a variety of financial issues. 

A highly skilled professional with various duties, including managing corporate finances, supervising transactions, and offering financial advice, is an investment banker. According to the company’s schedule and business needs, investment bankers must be adaptable to their work schedules, and prolonged hours are typical. 

READ MORE: The guide on how to become an investment banker 

  1. Wealth Manager 

As the title suggested, wealth managers typically provide wealth management services to high- and ultra-high-net-worth customers. However, a wealth manager’s responsibilities go far beyond just giving investing advice. They concentrate on providing comprehensive services that include every aspect of a person’s financial life. 

An MBA in BFSI or MBA-BKFS will take you deep into wealth management, asset management, and personal finance. Learning these subjects will help you dive into a wealth management career. 

  1. Product Manager 

One of the most crucial and challenging tasks in every firm is product management. The strategy, roadmap, and execution of a product fall within the purview of the product manager. To make sure the product fits the needs of the client and the company, they must collaborate closely with the engineering, design, and marketing departments. To make sure that everyone is on board with the product vision, they must successfully communicate with stakeholders. 

A product manager supervises and controls a company’s product development process. They are in charge of making sure that the product development is successful and adheres to all specifications. 

  1. Business Analyst 

A business analyst transforms the intended business logic of an application from “business” to technical language and serves as a communication intermediary between non-technical team members and IT specialists. At every stage of the life cycle of creating software systems, business analysis is crucial. 

A business analyst’s job description includes the following: 

  • Bridging the gap between IT and the business by assessing processes. 
  • Determining requirements. 
  • Providing executives and stakeholders with data-driven recommendations and reports. 

Nowadays, Business Analytics is one of the MBA specializations. You could start a business analyst job with an MBA in Business Analytics and advance to top positions. 

  1. IT Manager 

The role of an IT Manager is crucial amid the boom of information technology. The guides that assist firms in navigating the ever-evolving maze of modern technology are computer and information systems managers, also known as information technology managers. These vital team members provide short- and long-term visions for the organization’s technological demands and objectives. Even though most IT managers possess the technical know-how to carry out the numerous tasks performed by the employees they oversee, they are more likely to be found in conference rooms than in server rooms. 

  1. Operations Manager 

The efficient and effective production of goods and services is the subject of operations management. In order to increase an organization’s profit, it is concerned with transforming labor and materials into goods and services as effectively as feasible. A production’s smooth and effective operation is the responsibility of the operations manager. Although they can be hired in any industry that depends on the production of goods or services, operations managers are most frequently found in the manufacturing or service sectors. 

Depending on the size and kind of organization, the duties of an operations manager may vary. Still, they typically involve organizing and planning production schedules, managing day-to-day operations, and ensuring quality in the manufacturing and service sectors. Operations managers are in charge of ensuring that materials move smoothly through the production process in the manufacturing industry. Operations managers are in charge of efficiently managing resources like personnel, machinery, and technology in the service sector. 

READ MORE: How to become an Operations Manager? 

  1. Clinical Data Manager 

Clinical data analysts evaluate clinical data, spot trends, and report them using their database management and healthcare expertise. They create and verify clinical databases, which may entail developing or putting to the test logic checks. They handle clinical data, including its receipt, entry, verification, and filing. Following validation checks or errors and omissions discovered during data entry, they generate data queries. 

Clinical data managers provide project-specific data management plans that cover workflow procedures, database locks, coding, reporting, and data transfer. When requested, they produce the necessary formatting for data sets and keep an eye on productivity to ensure it complies with standard operating procedures. 

Final thoughts

A degree in management presents unique opportunities to grow and diversify your career. The prospects cited above illustrate the many ways through which you can build a promising career. You may only directly enter these jobs after your degree program. Instead, you may join in a junior/fresher role and later grow to the top position.  

With proper orientation, you could become a future-ready professional. Online Manipal offers such a facility to fresh students and experienced folks to upgrade themselves to be the most in-demand member of the evolving workforce. At Online Manipal, you have different options to pursue a management program like an online MBA and BBA from Manipal University Jaipur, an online MBA for working professionals from Manipal Academy of Higher Education, and an MBA in Banking and Financial Services from T. A. Pai Management Institute for experienced professionals. MBA programs offer around 20 specializations or elective choices to fine-tune yourself to your specialized domain. Now it is all about getting the required degree! 

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