After MBA with specialisations in Finance, Marketing, HR, systems and Operations what all carrier options students have are discussed in this article. Which rewarding careers are offered by industries to these MBA students ? What are job profiles, descriptions of Jobs and the type of profiles offered? Which are the reputed and popular companies and which are well known companies in which jobs are given to MBA students?
source: freepik.com
Today in an era of ever-increasing competition maximum number of jobs and profiles that
companies have prescribed are in area of sales and marketing Therefore, MBAs with
marketing specialisation are more sought after then Finance, Operation and HR in that order
with minor change in percentage year after year.
Types of industries and roles offered to Marketing specialisation students : A wide variety of
jobs in industries such as Information technology ,media, retail IT enabled services,
Banking, Hospitality, and FMCG (Fast moving consumer goods) offer a wide variety of jobs.
Jobs are available with different functional positions such as sales manager, marketing
manager, market research analyst, brand manager, media Planner, digital marketing manager
and internet marketing manager. For promotion and development of Brands whatever
activities are carried out ,brand manager is responsible and he also has the responsibility of
collecting, and analysing the data of competitors Brands.
Sales targets and monitoring sales activities, distribution and customer services are planned
and decided by a sales manager
Deciding marketing strategy and keeping focus on retaining customers is job of the
marketing manager. Delivery of products to customers, attaining profitability and market
growth of products are all managed by product manager
The methods of data collection, analysis of data, communication and utilisation of data by the
business development team and then deciding marketing strategies from the data are all
suggested and devised by market research analyst.
Decisions about various ways of advertising products and plan for marketing team for
achieving targets is required to be done by a media planner
There are various ways of marketing through web avenues such as marketing through social
media, pay per click marketing, SEO search engine optimisation, development of content for
website etc. An internet online marketing manager has to take care of these all
responsibilities. Salary offered to MBA student and his career progress depend on his ability
and competence to innovate. For example innovative marketing manager may get elevated to
position of manager- product development and even marketing –vice president or Chief
executive officer after certain span of duration. Some of well known brand offering such
positions for marketing students in US are Amazon, IBM, L’Oreal, and Pepsico those offer
jobs in marketing where Indian companies offering more jobs with marketing profile which
are more popular in Management Institutes are Vodaphone, Oppo, Amazon, Godrej, , VIP,
Accenture, and few Private sector Banks.
Students need to understand that more job profiles in the initial years of their carrier are with
sales profile and they should get that understanding of customers, field, expectation,
managing relationship with customers for retention, achieving target sales, Meeting clients B
to B or B to C sales, Sales calls, Customers calls are all expectations of corporates in the
initial years. Being energetic and Young these MBA students are required to work on fields
and many times students with market specialisation expect a Air-conditioned cabin as they
have MBA qualification is not reality. Once the climb the ladder and with their experience
position they further can have all those facilities once showed their performance and
contribution in the respective filed .There is many time mismatch between these expectation
of students and requirements of corporates.
Sales people have to understand that the frequent travels and targets are part of their profiles
and hence should be ready for both.
Jobs after MBA in Finance: An MBA with finance specialisation is a reputed postgraduate
degree with wide range of career options are available for postgraduate students. Perhaps, this
is due to reason that the post graduate degree programme gives an opportunity to the students
to specialise in various areas such as Banking, Insurance, capital markets , Corporate finance
,Security analysis , taxation, planning tax ,mutual funds International finance, taxation,
investment management tax planning , analysis and reporting of financial statements
,technical analysis, fundamental analysis, derivatives in Financial Markets.
Words “finance” and “management” opens and creates career opportunities in various
sectors including investment banking ,accounting manager, financial services, management
consulting ,insurance wealth , assets financing, financial modelling and hedge fund
management.
The various job profiles available in companies for an MBA with finance specialisation
include financial Analyst ,finance manager, credit risk analyst, accounting manager ,risk and
insurance manager ,treasury, cash manager, senior finance manager, chief financial officer ,
Vice president (finance), and finance director once he rises in the ladder. The sources and
availability of funds for a company’s business activities is major function of corporate
finance. Finance professionals have various functions to be performed few of which includes
study analyse Income statement balance sheets,
Cash flow fund flow statements, Analyse the
financial by using various financial tools ,preparing reports ,predicts and forecast trends in
economy ,financial engineering ,Financial modelling, Maintaining balance in risk return
profiles , analyse various reports and suggest improvements, suggest measures required to
take for maximising the value of stock and the market capitalisation of corporate, set various
portfolios ,suggest effective investment , manage funds ,choose investment portfolios,
analyse securities and manage portfolios, financials planning predicting cash flows, by using
different financial models applying principles of financial risk management and Forensic
auditing.
Popular and well known companies include J.P.Morgon chase &company, Hewlett Packard ,
Ernst & Young ,General Electric and Citi bank in US and in India HDFC Bank, Axis
Bank,ICICI, , Kotak Mahindra Bank, Birla Sunlife,IIFL,Edelwess, Motilal Oswal ,Sharekhan,
Karvey Globeup J.P.Morgo,Goldman Sach,Morgon Stanley,Barkley,Oracle
Students with finance specialisation also get lots of offers from many private sector banks
and more often the profile is of selling of financial products. Students those are strong withtheir domain knowledge can think of other profiles of core domain such as risk managers,
financial analysts or business analysts .These kind of profiles require understanding of
balance sheets, cash flow statements, fund flow statements and market knowledge with hands
on experience of trading equity .So students need to work upon in developing their skills by
doing online courses or certification of NSE,NISM,in area of Equity ,derivatives,
fundamental analysis and technical analysis .Many of the students of finance specialisation
opine that that they choose finance as their interest is not in sales but always opportunities
are more in sales profiles. These students have to understand that if their domain knowledge
is not very strong then they should accept the sales profile so as to understand various
financial products, returns offered, risk involved, financial planning and portfolio
management
Types of jobs in MBA in operations : Among B school aspirant operations management
specialisation course was not very popular but slowly now the number of students opting
this specialisation is increasing So with more supply now, the competition for jobs is also
growing
In this scenario, MBAs aspirants can learn and get few certifications of six sigma, Lean
Methodologies, supply chain, and project management practices, which will help operations
management students to get an edge over others while looking for jobs. The origin of
operations management is in the manufacturing industry which became popular with Henry
Fords assembly line for automobile manufacturing .Today it is given importance and
became valuable specialisation across all industries, including supply chain, e-commerce,
telecom and IT. Different job titles include inventory control manager ,logistics manager,
supply chain manager, project managers , and operations manager. After getting few years of
experience and with core functional knowledge and specialization, consultancy contracts can
also be an option available for operations manager
The smooth processes and smooth implementation of project is required to be ensured by
operations manager as per the core functions of operations management. MBAs in operations
are usually hired for taking care BAs in Operations are usually hired for taking care of
responsibilities which are in area of vendor development, logistics, supply chain, sales
operations, production planning ,production control, and inventory management, . The
responsibility of delivery of products, shipping loading Unloading and cargo can also be
given in some companies .Popular Companies in India include vivo mobile,Oracle,Amazon, ,
Appo mobiles,Godrej,Airtel, Deloitte,TVS Motors, and VIP..
Students are always confused which one to choose when they have more than one
opportunities .There are not two thoughts when they get an offer with good profile and as per
their salary expectation from brand company .The confusion starts when there is good salary
but profile might not be as per their interest and desire. Sometimes the profile is good but
salary is not so decent and meets their expectations then in both the cases they get confused
which one to select from the two. It is always suggested that if their financial conditions are
not very bad and if family is not dependent on them they should take a good profile where
they will get to learn more and get exposure as per their interest.so while choosing they can
give priority to profile over salary expectations. Similarly there is confusion about selecting
good profile with small medium companies or start-ups and against Brand companies.
Depending upon interest, needs, future plans and career plans students need to choose wise
option by consulting faculty, parents and mentors or with proper discussion with theemployers too help him understand many things while decision is taken. Sometimes students
need to use their own wisdom too for decision making as finally he himself is responsible for
his decisions.
Prof.Dr.Smita Jape
Dr.V..N.BRIMS, Thane
Also read : TOP SKILLS FOR A SUCCESSFUL MANAGEMENT CAREER
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