These days, thousands of students try their luck to get into a reputed business school and complete their Masters in Business Administration (MBA) degree. While many are interested in management education, several others go for it with the lure of high salary packages.
Before enrolling for this program, make sure whether he is really interested in the management subjects or not. Anything done halfheartedly or in peer pressure will never give expected results, and this can lead to wastage of time and money. The job opportunities that are brought about by an MBA degree are available in every sector of the economy.
Chief Executive Officers
Chief Executive Officer (CEO) is one of the highest paying careers of all times and almost all chief executives have an MBA degree. An MBA degree gives them practical exposure and know management concepts well. This reflects from their style of working as their decisions bring in a lot of revenue for their organization.
Chief Financial Officer
Chief Financial Officers have a role as important as that of the CEO's. These finance professionals overlook the financial transactions, fundraising, debt situation, shareholder satisfaction and other issues related to the business of the company. An MBA in finance or corporate finance would be the best qualifications for a CFO.
I.T. Project Manager
I.T. project managers lead their team to do the programming and software development tasks to satisfy the needs of clients. This job requires key I.T. skills, managerial skills and ability to work in a team.
All these things can be well learned in an MBA in information technology. This is one of the finest jobs that need an MBA degree considering the boom in the I.T. services sector. Project managers can get promoted to the higher post of I.T. director over a course of time.
Stock market is not a subject which is everyone's favorite. Many people do not have knowledge of the markets and neither do they have the time to learn about the markets. So, the importance of portfolio managers is very high.
Portfolio managers, who work for wealth management firms need to have an MBA in finance or a specialized MBA in portfolio management to cater to the needs of the clients. A sound knowledge of the capital markets is what these managers get in their MBA course.
Human Resource Managers
Hiring the right candidates, training them and managing their performance and salary related things is a challenging job. Most human resource professionals are MBA in human resource from top-notch colleges. Since practical exposure is that is most important for an HR, doing an MBA would naturally uplift his career to a great extent.
Without efficient marketing, a company cannot achieve its sales and growth targets. Marketing managers use their knowledge in sales and marketing which they gain in their MBA marketing course to make the company's products more popular and improve margins. This is one of the top paying careers and will remain so as per the view of job market experts.
The hotel industry is experiencing tremendous growth, making the job of a hotel manager more challenging. Higher occupancy in hotels can be achieved only through good service and total customer satisfaction. This is what an MBA in hotel management can teach. In this course, candidates work as interns in large hotels to experience the challenges themselves.
So, these were some of the best jobs that need MBA degree. It is a well-known fact that MBA education never goes waste and helps a person even while setting up his own venture. So, try your best to get this degree to safeguard your future. Good luck!