Opportunities for MBAs
Though there is a slowdown in economies globally, the most preferable qualification for any employer today is MBA. The three magic letters really do magic for getting you a job. There are lot of avenues of the jobs through this valuable Post-graduation course.
If you could complete the management graduation through any IIM or Indian School of Business or any such premium institute, you would be taken as business executive or head of leading corporates of India. There are plenty of opportunities for the MBAs from other universities also.
Today there are lot of specializations, like HRA-IT, IT-Finance, Finance-HRA, Marketing-HR, Finance-Marketing and so on. Depending on your specialization, there is a wide scope of opportunities. Though the corporate sector now offers you a low payment package, you would definitely be preferred to a normal graduate. MBA has its own value. You can start with a lower salary but sooner or later you could shift to a better package on gaining some experience. In any case talent is the key and MBA adds more flavour and favour to it.
Apart from private sector, there are lot of opportunities now in Public sector banks too. There are lot of retirements taking place in coming consecutive five years and the banks need senior executives. Thats what made Mr MV Nair, CMD of Union Bank of India to recruit the MBAs at Scale-3 position directly with an attractive package like Rs. 9 lakhs per annum. Even direct POs can not imagine that salary. Mr Nair has changed all the rules and regulations for appointments in his bank for this.
Normally, banks are good avenues for MBAs. You go to any website of any bank, click on the careers column and there appears a lot of openings for MBAs. Other public sector banks like State Bank of India, Andhra Bank are also recruiting MBAs in posts like Financial Analyst, Finance Manager, Personal Manager, Marketing Executive and so so on. The advantage of public sector is the conditions are very limited and you would have a lot of job security, where you can not have this in private sector. The career path is also very attractive, as in many public sector banks, many senior positions are going to be vacant on the retirements as told earlier.
Insurance Sector is the other avenue you can look at, as it is at growing stage now. Sales executives are required for lot of private companies. Indian economy is still on a healthy growth path and in the present conditions, you can find out many jobs in sectors like infrastructure and financial sector.
Studying MBA is really good avenue for job. If talent is added to it, sky is the limit! So go ahead with MBA!
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