Top Jobs for MBA Graduates, Specializations, Salary, Skills Required

Top Jobs for MBA Graduates

There was a time when MBA graduates had only two career options, that is investment banking and consulting. But fortunately, over the past decade, MBA has become more ubiquitous all over the world and most prominently in India. On this day industries of almost all domains are looking for those individuals who possess quantitative and leadership skills that top business schools are known for teaching. 

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Given below are some of the prominent career specializations suitable for an MBA graduate:

Top Jobs for MBA Graduates

Marketing Manager

A marketing manager is responsible for maintaining and managing the market outreach of a company. Anything from the implementation of services to the delivery of products in the market falls under the work folio of a marketing manager.

Marketing managers are assigned the job of tending to the reputation of the company in the market. And this is done by the means of endorsements, public speaking engagements, print advertisements, video advertisements and printed literature.

Average Salary: INR 8,00,000-15,00,000

Skills Required

• Good communication skills
• Street smart
• Open-minded for ideas and opinions.

Management Consultant

Management Consultant works as a troubleshooter for an organization or a company. The Management Consultant strives to improve the performance of a company in the market by analyzing the current problems of the company and developing an optimal solution so as to improve the overall efficiency in the zone of concern.

Candidates who have a knack to identify, study, research and solve problems and manage resources at the time of crisis can surely give this position a try.

Average Salary: INR 11,20,000-24,40,000

Skills Required

• Strategic
• Highly operational
• Mental calm
• Solution-oriented
• Good communication skills.

Investment Banker

An investment banker is someone who keeps an eye on the financial institution on behalf of a certain organization with which he/she is associated. The job of the Investment Banker is to raise capital for the associated institution by issuing the security. They deal with massive and complicated financial transactions. They tend to the financial needs of a company like structuring an acquisition, merger, sales, client management. An Investment Banker is the one who takes all the risks of investing money and also raising money.

The absurdity of this job lies in the fact that you work ‘for’ a single company while working ‘with’ several investment bankers and financial sources.

Average Salary: INR 9,42,390-12,48,000  

Skills Required

• Good with numbers
• Strong verbal communication
• Strong written communication
• High working capacity.

Business Analyst

The job of a Business Analyst is to analyze and understand the factors and requirements of the domain concerning his business. A business analyst strives to yield technological solutions through all and any methods while making sure that the outcome is cost-effective. The Business Analyst forms an interface or works as a source of interaction and communication between his organization and various stakeholders, facilitators and potential partners. The job roles of a Business Analyst are a source of assistance, head of planning and monitoring, enlisting requirements, management, communication and analysis of the requirement.

Average Salary: INR 3,59,000-5,27,000

Skills Required

• Good communication skills
• Strategic
• Management skills
• Research-oriented.

Financial Advisor

Financial Advisor is someone who renders advice related to finance to their clients based on a certain situation encountered by them. For a company, organization or institute, a financial advisor is looked at as a planner, partner or educator in matters concerning their client’s money matters. They are a company’s source of advice in matters regarding investments based on the company’s goals or long term gain plans. They are considered to be the backbone of the development schemes of a company or organization.

Average Salary: INR 3,72,000-8,01,000

Skills Required

• Strategic
• Management skills
• Research-oriented
• Analytical thinking
• Business acumen.

Administrative Manager

An Administrative Manager is a person who is responsible to oversee all the in-office work being done under the roof of the administration. An Administrative Manager makes the efforts to conduct a smooth working operation while running everything in an organized manner. The role of an administrative manager is to support various office operations, planning, organizing, supervising staff, implementing administrative systems and so on.

The administrative manager holds the records of all the administrative staff which has the data related to their performance and accomplishments. Anticipating requirements, scheduling expenditure, analyzing vacancies, monitoring costs, budget preparation are some of the main areas of work of an administrative manager.

Average Salary: INR 6,23,000-11,03,000

Skills Required

• Quality management
• Organizing skills
• Coaching skills
• Communication skills
• Motivational skills
• Report making
• Budget tracking.

Human Resource Manager

A Human Resource Manager is a chief strategist of a company or an organization. A human resource manager is responsible for ensuring effective management of people and employees in their company or organization. The major job roles of a Human Resource Manager are recruiting, career development of employees, training, deciding compensations and benefits, managing industrial relations, ensuring following employment laws, tending to disciplinary and grievance issues, compliance, maintaining employee relations and so on.

Average Salary: INR 7,00,000-8,45,000

Skills Required

• Good communication skills
• Business awareness
• Ability to analyze
• Integrity
• Approachability
• Technical competence.

Product Manager

The product manager is responsible for developing and handling new products as per the requirements listed by a company or an organization. Making business strategies and looking after functional requirements for the development of both physical and virtual products are the two main regions of work focus of a Product Manager.  The Product Manager analyzes the market and competitive conditions, lays a product vision, and ensures that the product being delivered is differentiated from other competitors in a similar market,  and uniquely based on the customer's demands. The work of a product manager plays a crucial role in the company's success because they affect the efficacy of a product, and a good product is what brings the name to the company in the market.

Average Salary: INR 16,00,000-20,00,000

Skills Required

• Business acumen
• Analytical thinking
• An eye for detail
• Research-oriented
• Leadership qualities.

Operations Manager

An operations manager is someone whose focus of work is on the management of designing; controlling the process of production and redesigning business operations in the production of goods and services. An operations manager ensures smooth and efficient working of their respective business in terms of resource management and tending to customer requirements. The need of an operations manager is in the workspaces like banking systems, hospitals, marketing, finance, technology etc.

Average Salary: INR 7,60,000-9,30,000

Skills Required

• Good communication skills
• Business awareness
• Ability to analyze
• Integrity
• Approachability
• Technical competence.

IT Managers

IT Managers deals with the work related to the implementation and maintenance of a company’s technical infrastructure. The demand for IT Managers has increased drastically over the period of the past 2 decades because of the heavy reliance of almost all companies on information technology. An IT Manager looks out for any technical problems available in the system and provides solutions to such problems and handles glitches arising during computer processes. Being the head of a project team, it is the duty of an IT Manager to make sure that each and every member of his team is doing the right thing at the right time.

Average Salary: INR 12,94,000-33,32,000

Skills Required

• Team management
• Decision making
• Communication
• Strategic thinking
• Goal-oriented.

Medical Director

Medical Directors perform the job of supervising the operations being done on a daily basis and keeps a check on the condition of outpatient facilities, and the respective healthcare institution. The medical director is ahead of all the medical staff, and their role involves overseeing a budget, ensuring the overall quality of care, making decisions in hiring procedures and training programs.

Average Salary: INR 29,89,000-62,81,000

Skills Required

• Good communication skills
• Integrity
• Attention to detail
• Leadership quality.

Chief Marketing Director

The Chief Marketing Directors job is very much inclined towards executing or implementing a creative vision of a certain organization or company. The Chief Marketing Director works in collaboration with the advertising team, marketing team and sales staff in order to promote goods, services and brands of the respective company. CMOs analyze the consumer data to obtain detail of the current consumer trend and to estimate the competition and potential opportunities in the market.

Average Salary: INR 19,01,000-25,60,000

Skills Required

• Good communication skills
• Critical thinking skills
• Teamwork
• Analyzing quality
• Attention to detail.

Chief Technology Officer

The Chief Technology Officer is responsible to supervise technology development and various functioning operations being carried out within the organization. They strive to ensure that the respective company stays competitive in the current market and mark their presence in the current tech-related arenas. They develop strategies to optimize the current technology policies. Chief Technology Officers generally work in collaboration with the managers and information technology staff.

Average Salary: INR 20,00,000-29,00,000

Skills Required

• Good communication skills
• Business awareness
• Ability to analyze
• Integrity
• Approachability
• Technical competence.

Chief Executive Officer

A Chief Executive Officer is the top decision-maker in a company or organization. A Chief Executive Officer is the face of the company and they represent the company to the public, to its stakeholders and also to its board of directors. The major responsibilities of a CEO are keeping oversight of budget, human resource, policy making, strategic planning. It is expected from the CEO to understand all aspects of business operations and different practices of the organization.

Average Salary: INR 60,00,000-70,00,000

Skills Required

• Good communication skills
• Problem-solving skills
• Business acumen
• Management skills
• Research-oriented
• Strong mathematics skills
• Analytical thinking
• Leadership qualities
• An eye for detail
• Goal-oriented.

Chief Operating Officer

The Chief Operating Officer is the second-highest position in an organization or company. They are responsible for overseeing daily operations that relate to the managers and employees of the company. The COO periodically assesses the productivity and revenue to estimate the efficiency and efficacy of the organization. The COO is the bearer of the overall operational vision of a company or organization. The Chief Operating Officer is expected to have experience with supply chains, logistics, resource allocation and performance assessment.

Average Salary: INR 25,00,000-29,60,000  

Skills Required

• Good communication skills
• Problem-solving skills
• Business acumen
• Management skills
• Research-oriented
• Strong mathematics skills
• Analytical thinking
• Leadership qualities
• An eye for detail
• Goal-oriented.

Chief Financial Officer

The Chief Financial Officer designated to supervise all the operations and activities that are being conducted under an organization or company in a financial year. It is expected from a Chief Financial Officer to be through and through with understanding in accounting, economics and finance. The Chief Financial Officer should know when and how to implement financial policies and practice the same throughout the fiscal period so as to bring major benefits to the organization over the serving period.

The Chief Financial Officer works directly with the managers of the individual departments; departments like purchasing, pricing, accounts payable, accounts receivable. They gather all the financial data, analyze it and present it to the various stakeholders and executives of the company or organization.

Average Salary: INR 4,10,000-34,20,000

Skills Required

• Good communication skills
• Problem-solving skills
• Business acumen
• Management skills
• Research-oriented
• Strong mathematics skills
• Analytical thinking
• Leadership qualities
• An eye for detail
• Goal-oriented.

Chief Administrative Officer

The Chief Administrative Officer is the head of  all the administrative staff within a company or organization. They are required to have good supervisory experience and they must know to work well with others and establish coordination among various departments of the organization. They are in charge of hiring, training and personal issues. They are often required to coordinate with human resource managers to ensure adherence to applicable regulations and guidelines. The Chief Administrative must have comprehensive knowledge in tax codes, laws, financial reporting guidelines and generally accepted accounting principles.

Average Salary: INR 3,38,000-10,50,000

Skills Required

• Good communication skills
• Problem-solving skills
• Business acumen
• Management skills
• Research-oriented
• Strong mathematics skills
• Analytical thinking
• Leadership qualities
• An eye for detail
• Goal-oriented.

Sales Director

A sales director is meant to work with the sales team to optimize and supervise the sales of all the goods and services being provided by the respective company or organization. The job role of a Sales Director involves supervising sales activities, personal grievances and achieving company goals. Sales Directors responsibilities involve implementing quotas, hiring salespersons according to the need and taking part in creative marketing campaigns. Their work involves extensive traveling and meeting regional sales managers, communicating with company clients and involving in the training programs of sales. They have to prepare a report of overall sales projections and outcomes. Doing this requires good analytical and communication skills.

Average Salary: INR 23,00,000-35,00,000

Skills Required

• Good communication skills
• Analytical thinking
• Problem-solving skills
• Goal-oriented
• Ability to perform under pressure.

Investment Banker

An investment banker is someone who works for financial institutions and provides guidance to multiple client corporations, organizations, companies and government agencies. They take their client's financial report which has data regarding their client's financial holdings, based on that report they assess the risks and rewards, generate a financial understanding and then explain the required complex financial practices to their clients and recommend certain suggestions so that the clients can meet their financial goals. They build financial models, generate new financial plans, take command of all aspects of transactions related to financial and investment decisions and perform valuation assessments.

Average Salary: INR 9,42,000-12,36,000

Skills Required

• Strategic 
• Management skills
• Research-oriented
• Analytical thinking
• Business acumen.

Compensation and Benefits Manager

A compensation and Benefits Manager is someone who works within a certain organization or company’s human resource department. The main work of a Compensation and Benefits Manager revolves around payrolls, benefits and retirements. They serve as an expert in dealing with all the procedures and policies related to the above-mentioned areas of work. They are responsible for facilitating the enlistment of their employees into various plans like medical plans, retirement plans and investment plans. They advise their employees on the best options that they can choose from all the available options. They provide assistance to their employees in paperwork and explaining all sorts of complicated rules and packages. Compensation and benefits managers are also assigned to take the decision on the companies that are to allow certain programs to the firm, they also have to regulate and monitor legal compliance issues and make sure that the policies being offered do adhere to all the labor laws.

Average Salary: INR 5,21,000-12,84,000

Skills Required

Skills required: good communication skills; business awareness; ability to analyze; integrity; approachability; technical competence.

Salary: INR 9,87,000 – 16,00,000

Public Relations Director

The role of a Public Relations Director in a company or organization is to manage and maintain the external reputation or image of their firm in front of their clients and employers. They help in engaging and regulating the audience and consumers by enhancing social engagement and boosting the public image. And the way to achieve it is by writing and distributing press releases, doing promotional campaigns, developing advertisements and serving as the spokesperson to their company or organization. Some firms also use their Public Relations Director with much more flexibility of working department, for example; some firms also put their public relations director to the work of carrying out fundraising activity by organizing events, reaching out to the interested donors and by soliciting funds as part of ongoing or seasonal campaigns. They may also be required to delegate tasks to their staff and do regular interaction sessions with the media personnel.

Average Salary: INR 5,21,000-12,84,000

Skills Required

• Good field experience
• Excellent communication skills
• Media relations
• Marketing
• Approachability
• Integrity
• Business awareness.

Portfolio Manager

A Portfolio Managers work may or may not be associated with a fixed organization or a company, they may be independent service providers who provide assistance to multiple individuals, groups and organizations at a time. And they do so by identifying their client’s financial needs and preparing an investment plan to reach their short term or long term financial goals. They do an in-depth analysis of their work in hand to come up with investment options that alleviate tax burdens and build capital. The work on developing such an investment plan in which there are multiple investments so as to minimize risk and optimize growth. They communicate with their clients, providing them guidance on complex investment options and practices.

Average Salary: INR 10,77,000-25,95,000

Skills Required

• Good communication skills
• Analytical thinking
• Problem-solving skills
• Goal-oriented
• Ability to perform under pressure.