Top 5 career options after an MBA
It is a reality that a significant percentage of students aspire to do an MBA after degree after their undergraduate degree. An MBA is seen as a gateway to a successful career. After all, year after year, newspapers inform you about the high paying jobs that MBA graduates land.
One of the things that make an MBA so popular is the fact that anyone can take an MBA as long as you can qualify for admission in a management institute. You could be holding a B.Tech, B.Com, B.A, or even an MBBS degree, an MBA would still be an option. You can join an MBA program irrespective of your background.
Another thing that adds to the popularity of an MBA degree is the fact that your career options increase manifold after graduation. You can enter a wide variety of interesting jobs after finishing a management programme.
To give you a glimpse into the kind of jobs you can pursue after your MBA, here are the top 5 career options after MBA.
1. Investment banker
The Wolf of Wall Street may be the first thing that comes to your mind when you hear the term investment banker. It is, without a doubt, a lucrative career option. As an investment banker, you will help corporations and governments raise funds in the capital market, provide financial advise and handle acquisitions and mergers.
An investment banker needs to know the pulse of the market at every given instant. You should be able to make predictions and invest your client’s funds to ensure maximum returns. You may also have to arrange finances for companies that raise capital for expansions or acquisitions.
It is one of the most exciting jobs in the world as you will be dealing with a huge amount of money and have to be constantly alert. It is also an incredibly high-pressure job. If you perform well under pressure and love the financial markets, then you should consider becoming an investment banker after your MBA.
Have you always dreamt of starting your own company? Does being your own boss sound enticing? Then you should consider becoming an entrepreneur.
Becoming an entrepreneur is on the dream list of almost every MBA aspirant. Most of them do set out to become entrepreneurs and then find something else that they are interested in along the way or start another job to build the funds needed to fulfil their dream.
There is no doubt that entrepreneurship is one of the toughest yet most rewarding career options after your MBA degree. As an entrepreneur, you are in charge of almost every aspect of your business. You will be implementing everything that you learned during your programme to ensure the success of your business.
If you have a innovative ideas and a way to fund it, then you must definitely consider taking the entrepreneurship route.
3. Marketing manager
Every organisation, irrespective of the industry, needs to market their products and services. Therefore, there is a constant demand for marketing managers.
Marketing managers are responsible for developing strategies that will ensure that the information about your products and services reach the right audience who can then drive up the organisation’s revenue.
You will also be responsible for managing the marketing budget of the organisation. A marketing manager is a very exciting position, especially if you are someone who likes to work with a lot of different people.
4. Business data analyst
Data is the king in this world. Organisations want to utilise the vast amount of data at their disposal to expand their businesses, improve customer satisfaction and develop products that are in tune with the times.
As a business data analyst, you will use various techniques to perform business analysis to interpret the data and develop solutions for various business requirements. The role of a business data analyst requires a high level of skill. If you love statistics and algorithms, then this may be the right career path for you.
Business data analyst is also one of the most sought after job profiles in the current market as businesses realise the untapped potential of data analysis. A talented analyst can help reshape the business process and help in gaining a better understanding of the customer’s needs.
5. Venture capitalist
You may have come across news articles regarding startups receiving huge funding. As a venture capitalist (VC), you will be the one who is providing this funding.
A venture capitalist studies various businesses and narrows down the ones that have true potential for high growth and invests in them in return for an equity stake. Essentially, you are buying shares in the company that you feel has a bright future.
Since a large amount of money is at stake, you need to be very careful in selecting the right companies. Once the companies take off, you will benefit immensely. This is a high-risk game with high stakes and high returns.
VCs fund startups and small businesses that are at the cusp of commercialising a viable and marketable product. It is a very exciting field and one that will never be out of style.
Exciting life after MBA
As you can see, there are various paths that you can take after finishing your MBA. You can even consider these fields before starting your MBA and then select programme that will help you in building the skills necessary for your dream job. An MBA from a prestigious institute will bolster your chances of getting your dream job as well.