5 Ws and 1 H of Management Education

5 Ws and 1 H of Management Education

Besides, some obvious reasons as to why one should pursue an MBA (Master of Business Administration), the prime reason is its worth in the market- MBA remains one of the highest paying degrees in almost every country. It renders mastery of business theory and helps students take their former bachelor’s degrees and their skills to next level. Getting a degree in Master of Business Administration (MBA) is one of the most concrete and rewarding investments you can ever make to enhance your life/skills. Apart from helping you expand your career opportunities, it also equips you for good-paying jobs in today’s competitive employment market. Possession of an MBA degree from a well-regarded business school further offers you a wealth of benefits. Getting a high salary after graduation, securing a management position, developing a strong professional network, or even becoming an entrepreneur are just a few of the advantages of pursuing an MBA.

The reason why an MBA is paid more than a lot of grad or post-grad degrees available, is that the former helps you develop the skillset requisite to keep a company successful. The curriculum of each Master of Business Administration degree varies, but there are some most common skills a student develops post its completion. MBA will help you:

  • Improve leadership and people management skills
  • Develop, advertise and sell your company’s products and services
  • Create connections and venture into new mindful partnerships
  • Manage difficult and challenging situations
  • Keep the company financially stable
  • Gather, interpret, and create reports based on industry data
  • Hire right talent and improve employee retention

As you’ll pursue MBA, you will get exposed to the latest International Business trends, novel management tools and techniques to thrive in a dynamic corporate environment. The expertise you develop will aid you to adapt to the dynamic nature of industries, the marketplace, and the way in which people do business.

Because an MBA is used as a tool for advancement in variety of careers, the footing of this degree is so robust that it can be used as the basis for many types of jobs like- Business, Sales, Human Resources, Health Care, and much more.

Future of MBA

While for some people, MBA is a great way to fast-track their careers, most corporates use it as a platform for a career switch or to take more responsibilities at work or to just brush up their skills. A lot of MBA specialisations, fit your exact goals like Human Resource, Finance, Marketing etc.  Multiple top-paying professions that students can indulge in post their degree in MBA are:

Investment Banker

An investment banker helps companies and government agencies raise money in the capital markets and provide strategic advice on mergers and guides them through important financial transactions. The position of an investment banker typically requires a strong educational background in MBA with a concentration in finance.

Average Salary of an Investment Banker in India is ₹741K / year

Human Resource Director

Acting as a bridge between the administration and employees, a Human Resource Professional is responsible for coordinating all the administrative functions of a company. Candidates with an MBA degree in HR can navigate organisational decision-making, leadership, and business management strategy in a more efficient way.

In India, a Human Resource Director earns ₹4,264K/year on an average.

Senior Product Manager

Responsible for overseeing the production of new products right from the beginning till the end, a product manager helps creating mobile devices, Websites, apps etc. Besides having a fair understanding of technology, a Senior Product Manager should also understand the business side of Marketing, Sales and Finance.

Average salary of a Senior Product Manager is, ₹2,566K/year.

Chief Technology Officer

Chief Technology Officers lead technology development efforts within a company. From leading technology teams in day-to-day operations to conducting market research to creating and implementing future plans, a CTO remains indispensable for a company’s smooth sail. For this role, you should have an MBA degree with a specialisation in Information Technology Management.

An average salary of a CTO in India is ₹2,461K / year

Entrepreneur

A lot of students want to build their own empire and hence they pursue MBA to make their dreams come true. The nitty-gritties of running your own business and equipping you to face challenges and how to turn them in your favour are a few important things that you will learn during your MBA academic year.

Though the salary bracket of an entrepreneur depends on the field, the basic salary they get is around ₹1,444K/year.

Financial Manager

With your MBA degree, you can choose to enter the financial sector and work as a financial manager in any company. FMs are responsible for advising senior managers on profit-maximising ideas. Also, for many employers MBA graduates with strong mathematical and problem-solving skills are preferred.

In India, average salary of a Financial Manager is ₹1,342K / year

Marketing Manager

Marketing management is a lucrative and popular career for those who enjoy advertising, customer service and creative vision. From estimating demand to identifying new opportunities and developing effective campaigns, a marketing manager helps an organisation flourish and expand into new markets. To be a part of this well-paying job, you have to be an MBA degree holder with a specialisation in marketing.

Average Salary of a Marketing Manager is ₹956K / year.

*Salary survey by Glassdoor

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