Top Industries Hiring Online MBA Graduates: Where Your Degree Can Take You?

With the continuously evolving business landscape, trends in management education and MBA courses are witnessing dynamic changes. In the new era of AI and ChatGPT, which are revolutionising how businesses function, key trends are getting unlocked and shaping the way MBA education is being perceived. New requirements are opening doors of opportunities and paving the way for online MBA jobs to fresh graduates in top industries worldwide.

Master of Business Administration (MBA) prepares students with business acumen, broadens their network, and helps them develop competitive skill sets to thrive in the dynamic global business market. Such in-depth knowledge increases the chances of online MBA graduates to make it big in their career path. As per a 2023 survey report, 91% of top global businesses recruited fresh MBA graduates to work for them last year.

If you are considering career options and contemplating what to do after completing your online MBA, a range of lucrative MBA job opportunities in top-notch companies worldwide are looking forward to hiring fresh grads.

In this post, we are listing down the top industries for business school graduates to look for high-paying MBA jobs in 2024.

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Also Read: 7 Reasons Why You Should Opt for Online MBA Programs

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1. Management Consulting and Financial Services

Unsurprisingly, Consulting is among the top industries offering jobs for MBA freshers. This industry with some of the best firms has a reputation for employing MBA grads paying highly competitive salaries. Each year, consulting firms in India and worldwide hire numerous MBA freshers to work for prestigious management consulting companies. The skills and knowledge gained from MBA programmes fully qualify graduates to work for such companies seeking strategic solutions and fresh ideas from their recruits. Here are some roles:

o   Management Consultant  

Your primary goal as a Management Consultant will be to help companies increase their productivity and operational effectiveness. You will be analysing data, seeking opportunities, and implementing strategic solutions as part of this role.

o   Financial Advisor  

As a Financial Advisor, you will advise people and companies on money matters and help them make investment decisions. A strong understanding of financial planning, risk management, and market trends is a prerequisite for this job.

 

2. Finance, Banking, Marketing and Advertising  

Companies are constantly seeking graduates for MBA finance jobs with considerable experience to fill higher positions. However, the freshers can easily pave their way through hundreds of fresh candidates being hired every year for varied other jobs in the banking and financial sectors.  Here are some MBA finance jobs for freshers:  

o   Banking & Finance Professional

An investment banking profession may be quite fulfilling for MBA graduates with a strong mathematical sense and an avid interest in finance. Other jobs in this sector include risk assessment, financial analysis, and strategic planning for people and businesses. Planning, reporting, and financial operations all fall under these job roles.  

o   Marketing Professional

MBA Marketing jobs are readily available for fresh graduates who frequently work in positions that need them to create engaging brand narratives, create marketing plans, and study customer behaviour. An online MBA course helps students develop useful skill analysis to work with these companies. You will be in charge of marketing campaigns, finalising corporate objectives, and chalking out client engagement initiatives, among other roles.

3. Manufacturing, Retail, E-commerce, Distribution and Others  

Operations and supply management jobs in various industries are set aside for MBA graduates because of their enhanced skills in process and efficiency. Success in these roles requires managing logistics, controlling supply chain operations, and increasing efficiency, which are common skills among MBA graduates. Explore some job options here:  

o   Supply Chain Manager

In this role, you will make plans to simplify the supply chain, save money, and boost the productivity of your organisation. This position includes data analysis, managing relationships with suppliers, coordinating logistics, and ensuring that everything runs well from start to finish.  

o   Logistics Manager

As a Logistics Manager in an organisation, you will plan, execute, and coordinate the flow of materials and commodities, irrespective of the industry. You'll oversee inventory, storage, and transportation operations to satisfy client needs while keeping expenses down and productivity high.

o   Operations Manager  

Operation management in various industries such as manufacturing, retail, and e-commerce is one of the most booming MBA jobs. As an operations manager, you will be responsible for receiving, storing, deciding on, packing, and distributing items. You must also ensure that quality and safety standards are met, limit worker size, improve efficiency, and streamline operations. Moreover, data analysis will be used to identify issue areas and implement strategies to increase output.  

4. Start-up/Entrepreneurship Ecosystem and Venture Capital  

Earning an MBA in Digital Entrepreneurship degree might be ideal for enthusiasts who wish to establish their businesses. The curriculum of an MBA programme provides students with a wide range of knowledge and skills needed to start and run a profitable business. MBA graduates are better at spotting and seizing market opportunities, making workable business models and well-informed decisions. Here are some lucrative roles:

o   Start-up Founder  

As a start-up founder, you will create, expand, and grow a new company from concept to implementation and beyond. This calls for a great deal of drive, imagination, willingness to take chances and challenges, as well as leadership abilities.  

o   Venture Capital Analyst

Your primary responsibility as a Venture Capital Analyst will be to invest in early-stage businesses with significant growth potential. In this position, you will put your industry knowledge, networking prowess, and financial acumen to the test.  

5. Healthcare Management  

The healthcare industry has seen steady growth in recent years and has become one of the most popular sectors for MBA jobs for freshers. This sector requires the skills of MBA professionals to maximise work efficiency, maintain records and comply with various industry rules and regulations.  Some roles include:  

o   Medical and health services manager  

In this role, you will oversee the operations of hospitals or healthcare facilities you are employed in and manage their smooth functioning.  

o   Hospital administrator

This role calls for MBA grads to manage the day-to-day operations of hospitals via meticulous planning. You will also be required to monitor the HR, Finance, Quality Control, and Patient care departments of your organisation in this position.  

o   Healthcare consultant

As a healthcare consultant, you will provide consulting services to healthcare organisations along with solving problems, and analysing data of consideration. You will use your skills to detect inefficiencies in your organisation and provide remedies to solve them.

The above are some of the many sectors/industries where MBA grads can put their skills into practice to earn a livelihood with a high-paying job. Further, there are options in several other sectors like MBA in government jobs, MBA in HR jobs, Technology, Consumer Goods Industries, Manufacturing, Real Estate, Retail, Energy, Media & Entertainment, and more for online MBA grads.   

Salaries and Specializations of Various Industry-Based Roles  

Finance, Banking, Marketing and Advertising
·        Job role - Executive Director of Finance
·        Relevant MBA Specialization - Finance, Accounting
·        Average Annual Salary - ₹22 - 82 lakhs

·        Job role - Chief Marketing Officer (CMO)
·        Relevant MBA Specialization - Marketing, Brand Management
·        Average Annual Salary - ₹12 - 53 lakhs

Management Consulting and Financial Services
·        Job role - Management Consultant
·        Relevant MBA Specialization - Consulting, Strategy
·        Average Annual Salary - ₹16 - 29 lakhs

·        Job role - Financial Advisor
·        Relevant MBA Specialization - Finance, Investment Management
·        Average Annual Salary - ₹3 - 8 lakhs

Manufacturing, Retail, E-commerce, Distribution and Others
·        Job role - Supply Chain Manager
·        Relevant MBA Specialization - Supply Chain Management, Operations Management
·        Average Annual Salary - ₹8 - 20 lakhs

·        Job role - Logistics Manager
·        Relevant MBA Specialization - Logistics Management, Supply Chain Management
·        Average Annual Salary - ₹6 - 15 lakhs

·        Job role - Operations Manager
·        Relevant MBA Specialization - Operations Management, Quality Management
·        Average Annual Salary - ₹6 - 15 lakhs

Start-up/Entrepreneurship Ecosystem and Venture Capital
·        Job role - Start-up Founder
·        Relevant MBA Specialization - Entrepreneurship, Innovation Management
·        Average Annual Salary - Highly variable; depends on the success and other stakeholders

·        Job role - Venture Capital Analyst
·        Relevant MBA Specialization - Finance, Venture Capital
·        Average Annual Salary - ₹14 - 38 lakhs

Healthcare Management
·        Job role - Medical and health services manager
·        Relevant MBA Specialization - Healthcare Management, Hospital and Health Systems
·        Average Annual Salary - ₹4 - 10 lakhs

·        Job role - Hospital Administrator
·        Relevant MBA Specialization - Hospital Management
·        Average Annual Salary - ₹3 - 9 lakhs

·        Job role - Healthcare consultant
·        Relevant MBA Specialization - healthcare management, healthcare technology
·        Average Annual Salary - ₹6 - 15 lakhs

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Also Read: 8 Interesting Benefits of Online MBA

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Conclusion

An online MBA degree will enable you to pursue a career that has great potential for growth on both a personal and professional front. Because of the broad information and skills gained by MBA graduates, they remain in demand across industries offering lucrative MBA jobs.

Amity Online is one of the best places to start your MBA journey. They offer various specialisations that foster innovation and leadership skills and empower individuals to navigate the complexities of the changing corporate world.

Check Our Online PG Programmes:

Master of Business Administration (MBA)

Master of Computer Applications (MCA)

Master of Art Journalism & Mass Communication (MAJMC)

Master of Arts (Public Policy & Governance)