Full-time MBA programs normally take place over two academic years (i.e. approximately 18 months of term time). For example, in the Northern Hemisphere, they often begin in late August or early September of year one and continue until May or June of year two, with a three to four-month summer break in between years one and two. Students enter with a reasonable amount of prior real-world work experience and take classes during weekdays like other university students. A typical full-time, accelerated, part-time, or modular MBA requires 60 credits (600 class hours) of graduate work.

Careers

An MBA prepares individuals for many types of careers. According to a survey by the Graduate Management Admissions Council, 64% of year 2012 MBA graduates used their MBA to change careers. Some of the more common jobs an MBA prepares one for include:

  • Business analyst or strategist
  • Business development analyst, associate, or manager
  • Market research analyst
  • Managing Director (of a department)
  • Investment banker
  • Entrepreneur/founder
  • Financial analyst, associate, or manager
  • Management consultant
  • Marketing associate, analyst, or manager
  • Portfolio manager
  • Project analyst or strategist
  • Product analyst, associate, or manager
  • Program analyst, associate, or manager
  • Operations analyst, associate, or manager

MBA Skillset

A manager is expected to lead a team of professionals hence the most important skills for a successful manager are good communication and leadership qualities. Take a look at some of the skills required for MBA/PGDM, below:

Business acumen Good communication skills
Problem-solving Skills Management skills
Strong mathematical skills Research oriented
Analytical thinking Leadership qualities
Eye for detail Goal-oriented & ability to work under pressure

MBA Career Scope: Jobs and Salary

An MBA degree holder gets jobs which include team lead and managerial responsibility of the department. A manager’s job profile broadly includes planning, strategising, execution, leading the team, liaison with clients, coordinating with other departments, delegation of work and responsibilities, reporting to higher authorities regarding projects undertaken. Given below are some of the popular job options after MBA and their correspondin salary:

Finance Manager Rs 9.6 lakh per annum
Marketing Manager Rs 10 lakh per annum
Sales Manager Rs 10 lakh per annum
Human Resources Manager Rs 4 lakh per annum
Operations Manager Rs 7 lakh per annum
Product Manager Rs 15 lakh per annum
Data Analytics Manager Rs 14 lakh per annum
Digital Marketing Manager Rs 4.5 lakh per annum
Advertising Sales Manager Rs 8.5 lakh per annum
NGO Manager Rs 5 lakh per annum
Project Manager Rs 13 lakh per annum
Telecom Manager Rs 7 lakh per annum
Transport & Logistics Manager Rs 6 lakh per annum
Infrastructure Manager Rs 11 lakh per annum
International Business Manager Rs 9 lakh per annum
Risk Manager Rs 10 lakh per annum
Energy & Environment Manager Rs 6 lakh per annum
Import & Export Manager Rs 6 lakh per annum
IT & Systems Manager Rs 7 lakh per annum
Healthcare & Hospital Manager Rs 4 lakh per annum
Materials Manager Rs 6 lakh per annum
Retail Manager Rs 5 lakh per annum
Supply Chain Manager Rs 8 lakh per annum
Public Policy Manager Rs 7 lakh per annum

Scope of MBA: Top Companies

The scope of MBA is huge in the current job market. MBA graduates are in high demand in every industry and in every domain. Most of the MBA institutes provide campus placement to their students on completion of the full-time MBA course for a smooth beginning of their career.

All organisations, big or small, private or government, hire MBA degree holders in various capacities. Below is the list of some of the top companies that hire MBA graduates through campus placements:

BCG Citibank
Deloitte ITC
Avendus Samsung
Mahindra ITC
Reliance Vodafone
ICICI Bank EXL
HDFC Larsen & Tubro
JP Morgan Chase & Co. HSBC
PWC Philips
McKinsey & Company Nestle
Aditya Birla Group Cipla
RPG Flipkart
Tata Saint Gobain
TAS Crisil
Wipro Credit Suisse
Microsoft Bajaj
Accenture Infosys
Microland GAR
Amazon Pidilite
Asian Paints McKinsey&Company