High Paying Jobs and Career Choices after MBA

High paying jobs and career choices after MBA

High paying jobs and career choices after MBA

The students in the final year of the MBA and their parents, when they seek Career Advice, never fail to ask me a question. You guessed it right, it is “what are the high paying jobs and career choices after MBA”.

It is a natural question but the answer is not that easy. One has to understand the demand and supply situation of each industry, the various disciplines, salary levels and future scope. Such a study needs in depth study and it is a serious responsibility on the part of any Career Counselor as one is going to take a very crucial decision of choosing a career line.

Therefore, here is a brief description of the top 9 paying jobs / careers from various industries in India currently. Also given in brief are the Special Skills required, Job Description and Salary Range etc.

1. Job : Online Marketing

Employer Industries
IT-Software / Software Services

Qualifications
MBA

Special Skills / Aptitude

  • Internet Marketing / Digital Marketing / Online Marketing / Business Manager (SEO/SMO/PPC)
  • Must be able to understand sales.
  • Must have some knowledge of SEO and IT.

Job Profile

  • Interaction with international clients through different channels (email, chat, phone) to understand their needs and deliver accordingly.
  • SEO, SMO, PPC, Adwords, Adsense, Social Media.

Salary Range
Rs. 2,00,000 – 4,50,000 P.A (USD 3,333 to 7,500)

2. Job : Selling of Financial Products / Banking Services / Insurance (BFSI)

Employer Industries
Banking / Financial Services / Broking / Insurance (BFSI) / Stock Broking / Investments, Insurance

Qualifications
MBA

Special Skills / Aptitude

  • Knowledge of Financial Products and Services
  • Entrepreneurial spirit, passion and enthusiasm.
  • Good convincing Power, Excellent communication skills – verbal and written and networking skills
  • Clearing NISM exam with stipulated time
  • Doing a professional course in the relative field of Banking and Finance
  • Basic Knowledge of Mutual Fund or other financial products.
  • A go-getter attitude, strong team culture.
  • Ready for hard core sales.

Job Profile

  • Recruitment of Distributors of Financial products such as mutual funds and insurance
  • Lead Collection, Business Presentations
  • Business Development, Visiting the clients, Addressing client needs
  • Training and Development of Distributors on regular basis, Query resolution of the distributor
  • Business Planning & Strategizing, Activity Planning
  • Finance Portfolio Management, Financial Markets Business, Marketing Management, Sales Banking, Sales marketing, Business Development
  • To educate and advice individuals on investment decisions
  • To acquire Portfolio of clients
  • To analyze the International Commodity Market
  • To minimize risk and maximize gains for the client portfolio
  • To test the trading strategies and execute the trades on behalf of clients

Salary Range
Rs. 2,50,000 – 6,00,000 P.A (USD 4,167 to 10,000)

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3. Job : Business Analyst

Employer Industries
Banking / Financial Services / Broking / Insurance / Investment (BFSI)

Qualifications
MBA

Special Skills / Aptitude
Financial Analysis, Research Analysis, Business Analysis, Financial Research, Financial Modeling, Equity Research

Job Profile

  • Responsible for research & analysis of data
  • Creating and maintaining financial models.
  • Creating periodic updates / trading inputs to clients.

Salary Range
Rs. 4,00,000 – 8,00,000 P.A (USD 6,667 to 13,333)

Video: Top High Salary Jobs after MBA

 4. Job : Business Analyst / Analytics & BI

Employer Industries
KPO / Research / Analytics

Qualifications
MBA

Special Skills / Aptitude

  • Competitive Analysis Research, Business Development, Feasibility Analysis, Trend Analysis, Business Associate, secondary research, business research industry, research market research, competitive intelligence
  • Good communication and written skills; Internet Savvy.
  • Analyze & synthesize research findings to develop valuable insight & strategic recommendations for our clients.

Job Profile

  • Making Competitive analysis reports, Business development plans.
  • Performing Market trend analysis & feasibility analysis.
  • Carryout specific research for companies /industries /product & services as per clients’ requirement.
  • Research analyst analysis, due diligence.
  • Consulting, corporate strategy, project management, data testing, Data Analysis, secondary research, market intelligence and business intelligence.

Salary Range
Rs. 3,00,000 – 7,50,000 P. A. (USD 5,000 to 12,500)

High paying jobs and career choices after MBA

High paying jobs and career choices after MBA

 

5. Job : Business Analyst

Employer Industries
Pharma / Biotech / Clinical Research

Qualifications
MBA

Special Skills / Aptitude
Marketing / Finance / Proposal Writer

Job Profile

  • To coordinate, take inputs and assistance from other departments (Clinical Operations, Data Management, Bio-statistics, Medical Writing, etc.,) as required to make the proposal.
  • Preparation / review of the proposal write ups, scope, services offered, epidemiology, strategy, etc.
  • Initial assessment of the technical, financial, schedule or any other unusual risks associated with the proposal.
  • Create, the time and cost estimate and proposal (and/or presentation slides) in response to an RFP from assigned territory
  • Coordinate and support BD Executive / Manager of assigned territory on RFPs, bid defenses and inter-regional interaction. This will include the proactive setting up of meetings and scoping of preliminary bid information.
  • Track RFP status from the receipt to the time it is sent to the customer.
  • Ensure adherence to Proposals SOP across the Proposals sub-group
  • Update the RFI databank with information from new RFIs
  • Continuous process improvements of the existing process for writing of Proposal, RFI, CO, Ballparks and Time Cost Estimates in terms of turnaround time and quality

Salary Range
Rs. 2,50,000 – 4,00,000 P.A (USD 4,167 to 6,667)

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6. Job : Finance Analyst

Employer Industries
KPO / Research / Analytics

Qualifications
MBA

Special Skills / Aptitude

  • Communication Skills Finance / Accounting NCFM Legal Documentation know your customer (KYC)
  • Good knowledge of derivatives & capital markets.
  • Excellent verbal and written communication Skills.
  • Good analytical and logical skills.

Job Profile

  • Cataloging (categorizing) contracts and deals of derivative trades of company’s clients
  • Capturing data from client systems and online faxes to company’s system.
  • Processing the captured deals and contracts.
  • Reconciliation reports, preparation of reports using MS Excel, auditing
  • Training and mentoring of new Recruits

Salary Range
Rs. 2,25,000 – 3,50,000 P.A (USD 3,750 to 5,833)

7. Job : Business Development

Employer Industries
Real Estate, Property, Developers, Colonizers, Real Estate Broking

Qualifications
MBA

Special Skills / Aptitude
Sales, Marketing, Business Development, Good Communication Skills, Excellent Networking Skills

Job Profile

  • Selling of residential & commercial Real Estate projects of reputed Developers.
  • Converting the leads of property buyers and convert them into sale
  • New builder / developer tie-ups
  • Coordination with the promoters / owner for effective sale

Salary Range
Rs. 1,50,000 – 3,00,000 P.A (USD 2,500 to 5,000)

8. Job : Finance Officer

Employer Industries
Textiles / Garments / FMCG / Consumer Durables / Manufacturing Sectors

Qualifications
MBA

Special Skills / Aptitude
Finance, Accounting, Operations, Processes, Legal

Job Profile

  • Compile and analyze financial information to prepare entries to accounts, such as general ledger accounts, documenting business transactions.
  • Perform statistical analysis to determine trends, estimates, and significant changes, and write narrative reports explaining findings.
  • Review, investigate and correct error and inconsistencies in financial entries, documents and reports.
  • This role provides financial and budgetary forecasts for the Business functions.
  • Providing insight and also ensuring quality of Financial and Management information that support effective decision-making.
  • Salary Range
  • Rs. 3,00,000 – 4,00,000 P.A (USD 5,000 to 6,667)

9. Job : Trainee Executive Shipping and Logistic

Employer Industries
Shipping and Logistics

Qualifications
MBA

Special Skills / Aptitude

  • Finance, Accounts Receivable, Accounting Loss, Financial Operations Payments, Commercial Shipping Operations Management
  • Supply Chain, Logistics, Purchase, Materials

Job Profile

  • Assist the Commercial Shipping Operations team by providing support in the areas detailed below; adding value by identifying areas of efficiency; driving success through accuracy and timely communication.
  • Obtaining clean acceptance of vessels on subjects and providing timely updates and notification of approvals to Chartering.
  • Appointing Shipping Agents and Independent Inspectors selected by the Operator
  • Issuing documentary instructions to Contract Supplier.
  • Completion of reconciliations, ensuring valid claims are documented, filed and payments secured:
  • For voyage cargo operations: the identification, investigation and resolution of loss/gain differences for every operation
  • For storage positions, the identification, investigation and resolution of loss/gain differences
  • Liaise with Commercial Shipping Operator to monitor accounts receivables, aged debtors. Minimizes late payments and interest exposures arising from same.
  • Keep all electronic documentation in Contract and Shipping files.
  • Review / payment of Inspection / Loss Control invoices
  • Collect information for trading opportunities, passing same to the Commercial Shipping Operator. Provide support to the Commercial Shipping Operator and or Operations Management teams as required.

Salary Range
Rs. 4,00,000 – 8,80,000 P.A (USD 6,667 to 13,333)

A Note of Caution: Salary Expectations vs. Reality

While it is hoped that this information will certainly be found helpful and useful but in no way it is to be treated as know all. Please do your own survey for information collection.

Secondly, this data is collected in mind for Business Schools which are not top ranked, as their campus placements are mostly 100% and the salaries offered are much higher.

Thirdly, these salaries are being offered in big towns and metros. If a MBA graduates do not intend to work in big towns and prefer smaller cities then the salary expectations will also have to be adjusted accordingly.

Recommended Readings:

Reasons Why your Resume is not getting shortlisted at Job Portals

Reasons Why your Resume is not getting shortlisted at Job Portals – Case Study of a FOREX Executive

Secrets to Successful Job Search

Secrets to Successful Job Search



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4 Responses

  1. October 28, 2014

    […] High Paying Jobs and Career Choices after MBA […]

  2. November 5, 2014

    […] High Paying Jobs and Career Choices after MBA […]

  3. January 22, 2015

    […] High Paying Jobs and Career Choices after MBA […]

  4. August 4, 2015

    […] High Paying Jobs and Career Choices after MBA […]

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