The MBA Degree is essentially considered a passport to a challenging, lucrative and high flying career. A few decades back, getting through to an MBA Degree program was considered a very cumbersome process and it was only the cream of the lot that could finally get admission and qualify. Over the years, a phenomenal number of b-schools have sprung up and what was once considered a status symbol has now become pretty common. Though, in contemporary times, the premier institutions such as the IIM’s and ISB have maintained their reputation as b-schools with impressive global rankings. Running parallel to this is the record growth of the Indian Economy and it’s becoming a major hub of foreign direct investment. The economy, industrial activity and employment levels are all north bound, therein creating a high demand for MBA’s. Thus, a b-school matching its inputs with industry requirements seeks to fulfill its mandate in terms of quality and relevance in management education culminating in an impressive placement record.
After MBA what? The first natural option is the corporate world. The first point of distinction is between the manufacturing and services sector. The other are the private sector and the public sector. The private sector offers an abundance of opportunities in the manufacturing sector such as automobiles, pharmaceuticals, petrochemicals, textiles , cement , steel , FMCG , Consumer Durables , Reality and Construction , Heavy Vehicles , Chemicals , Paints and Foods & Beverages amongst others and in the services sector such as Banking , Financial Services , Hospitality , Healthcare , IT & ITES and Airlines . MBA’s are generally recruited as Management Trainees in entry-level positions and through cross-training developed as future flow of managerial talent for senior positions. Campus Interviews are an important source of Recruitment and Placement for the private sector majors. The pay-packet is generally determined by the standing of the b-school and of course the aptitude and potential of the aspirant. A point to be noted is that the branding of the b-school may be determining factor w.r.t. compensation in the early stages, however subsequently the only thing that counts for future enhancement is current performance. The private sector offers, spiralling pay packets and a lifestyle of its own. Perquisites such as company car (with chauffer) , club membership , business class air travel , company leased apartments , all follow , but in relatively senior positions.
The public sector also has impressive credentials to its name, particularly the ‘Navratnas’ – ONGC, BHEL, NTPC and BPL amongst others. For recruitment, the written test, GD and PI format is generally followed. An advantage of a public sector job is job security and welfare amenities.
It is not only the blue chip companies that hire, SME’s and other outfits also require managerial talent and they hire MBA’s in large numbers. Other recruiters include Management Consultancies, Placement Consultants, Media, Advertising Agencies, Armed Forces, and various Government Agencies.
Another option after MBA is going in for a career in Academics. Depending on the specialization area, you may enrol in a PhD Program (by giving the NET Examination) and qualify for recruitment as a Lecturer, working your way to a Professor or Director. This would require in-depth knowledge of subject area and a knack of teaching, research and administrative skills. Pursuing research activities within Academics or Business Research and Market Research in the form of Consultancy, is another probable option.
Among various b-schools, the Mangalmay Institute of Management & Technology, Greater Noida, offers a two year full time MBA Program affiliated to A.P.J. Abdul Kalam University (UP). The program content and pedagogy covers the knowledge, skills and competencies essential for an effective manager’s profile. The Corporate Resource Division at the Mangalmay Institute of Management & Technology, Greater Noida is proactive and provides in-depth career guidance.
Thus, there are various career avenues that can be taken up after the MBA degree, it is a matter of having the right competencies and finding what suits you best.
Sunil V. Deshpande
For More Information
Mangalmay Group of Institutions
Greater Noida, Delhi NCR
Call us : 1800 200 9260
Visit : http://www.mangalmay.org/