Career Paths in Technology
1. Project Management:
Are you looking for a post-MBA job opportunity that enables you to put your penchant for technology to good use? Apart from being tech-savvy, do you consider yourself a born manager?
If you’re nodding your head in the affirmative to both these question, you could definitely excel at project management, where you would be given the onus of overseeing a company project right from scratch.
Big Data Analytics is indeed big, when it comes to the field of IT. It plays a major role in gathering insights, determining business trends and accordingly making informed business decisions.
In fact, in recent years, the job of a big data scientist or analyst has seen an unprecedented growth in popularity, so much so that organizations are willing to shell out large sums of money to attract experts in the profession.
Career Paths in Sales and Marketing
Sales and Marketing have always been popular with MBA graduates. The options are limitless and make for highly fruitful careers. These are the most popular career choices in this particular field:
1. Sales/Business Development:
Who do you think is responsible for the large number of new clients acquired by a company? Yes, it is the sales or business development team. To be able to lead such a team with your knowledge and expertise is a coveted career opportunity. Be it delivering that flawless sales pitch or closing a major deal, your skills in sales can make or break an organization.
Getting into business development after your MBA can be the perfect way to kick-start your career or give it a much-needed makeover.
2. Account Management:
The function of sales doesn’t end with lead generation. Most companies have a client servicing team in place to interact with customers on a regular basis and resolve issues pertaining to the present project. However, the gap between a business development manager and a client servicing personnel is often aptly filled in by an account manager. Account management requires special flare for sales, where new business is constantly generated from existing clients. Since this job entails exceptional communication skills and the ability to overlook as well overcome hurdles in the way, account managers are in high demand.
3. Brand Management:
Brand management is indeed one of the most difficult roles in the field of marketing. If you decide to become a brand manager, you need to be doubly sure that you’ve got excellent communication skills, foresight, creativity and the ability to work with people across various divisions.
If you step into this playing field, you will be responsible for increasing your company’s brand awareness and recall. Along with the afore-mentioned skills, if you’re equipped with an MBA from a prestigious college, dive straight in!
4. Product Management:
Project management doesn’t so much involve clients as much as it involves the product or service itself. Any form of marketing is incomplete if you’ve not got this right. Again, creativity and foresight ranks topmost in the list of prerequisites for this job.
After your MBA, if you think you can utilize your knack for designing and describing product features to benefit your company and your future, product management might as well be the career of your choice.
5. Product Marketing:
The difference between product management and product marketing is often a very fine line.
The management bit requires you to envision the selling features of the product. Product marketing on the other hand involves the steps that follow. As a product marketing expert, you will need to shoulder responsibilities such as creating product awareness, educating potential buyers and pricing the product.
6. Market Research:
Product marketing remains a game of trial and error unless the market research expert steps in. Before launching any product, comprehensive information should be collected about the needs of customers. It is also important to gauge the tactics employed by competitors for similar products. This is especially important if you’re targeting a new demographic profile or an unfamiliar geographical area. If you love studying consumer behavior and are passionate about statistical figures and data, go ahead and specialize in market research after MBA.
7. Online Media:
This is another field of work that many MBA graduates now find alluring. What with almost all businesses seeking an online presence, an Online Media Specialist is responsible for the company’s SEO needs and marketing. An online media specialist needs to prove his/her mettle in all facets of online marketing, be it web analytics or social media marketing or paid search ads, in order to shine in his career.
Career Paths in Operations
Just as any business cannot take off without its sales function, it cannot sustain without a strong operations team. The operations function deals with the delivery of a service or product to customers. Check out the job opportunities available within the scope of operations:
1. Operations Consulting:
An operations consultant finds solutions to questions such as “What are we doing wrong?” and “How can we do things differently and more effectively?” Irrespective of which industry you work for, an operations consultant plays an invaluable role in the growth of a company.
2. Operations Management:
If you’ve always like keeping a track of trends in supply chain management and logistics, chances are you’ll excel in operations management. Operations management deals with framing and implementation of business practices that help an organization carry out day to day business effectively. Be it optimal utilization of resources or improvement of productivity, an operations manager has to shoulder a wide range of responsibilities, depending on the level at which he works.
Career Paths in Finance
Who doesn’t love money? If you eat, sleep and drink money, and if you’re keen on helping a company manage their moolah, you might want to consider a rewarding career in finance. Here are the ample options you can explore in finance after an MBA:
1. Corporate Finance:
If you were one of those rare students in school who had a love affair with numbers, or if you have an affinity to statistics, you could consider corporate finance as a successful career.
In such a role you would be working in the CFO- office of a large company making decisions related to investments, shares, credit, all keeping in mind the company’s budget.
From ensuring that your company has adequate finances, to choosing the right source of funds and utilizing them to generate maximum revenue for the firm—a finance manager has to shoulder big responsibilities. This role would also include capital budgeting, hedging funds and making important investment decisions.
2. Investment Banking:
If terms such as “capital markets”, “acquisitions”, “mergers”, “bond financing” and “underwriting of deals” leave you exhilarated instead of flustered, you should undoubtedly think of becoming an investment banker.
As an investment bank associate you will be responsible for assisting organizations raise funds for expanding business. You would also have to advise the company based on their financial assets and liabilities.
3. Private Equity:
A Private Equity Analyst helps companies invest in other firms through various kinds of funding, such as IPOs (Initial Public Offerings) and Equity Financing.
This role involves extensive research and analysis using a variety of financial modeling strategies. An expert in private equity manages the investment funds of a company.
This career choice involves a thorough knowledge of the different types and sizes of firms. It also necessitates the ability to make informed investment decisions.
4. Venture Capital:
Venture capitalists are responsible for performing due diligence on potential business enterprises that corporate establishments have decided to invest in. Before an investment is finalized, a venture capitalist has to scrutinize financial documents and bank statements of any startup.
Based on his/her report, a business’ potential for growth and profit is assessed and informed decisions are taken. Hence, if you are drawn to wherever money is, this could be a coveted job opportunity.
Career as an Entrepreneur
In recent years, the trend of pursuing an MBA with the goal of becoming an entrepreneur, has drastically taken off. Though starting a business was earlier considered a risky proposition and the “business mentality” was often looked down upon, times have changed. Many working professionals are ready to give up their high-paying jobs and begin a venture of their own—all for the satisfaction of treading a different path.