In today’s dynamic job market, an MBA demands meticulous and highly thorough consideration of multiple factors, particularly the expected returns on investment. Notably, recent statistics (Statista) reveal a noteworthy development: in 2023, the employability rate of Indian business administration graduates surged to approximately 60%, a substantial rise from the 47% recorded in 2021. This uptick underscores the potential impact of advanced education on enhancing professional opportunities amidst a competitive landscape. These contrasting figures emphasise the pivotal role of higher education, such as pursuing the best MBA program in India, in bolstering career prospects and navigating the evolving job market terrain.
What Can You Earn With An MBA Program in India?
Pursuing a degree from one of the best private MBA Universities is widely regarded as a pathway to lucrative career prospects and professional advancement in India. Among the primary factors that attract individuals to pursue an MBA is the anticipated increase in earning potential across diverse industries.
According to insights from Glassdoor, the average annual salary for MBA graduates in India stands at ₹3,56,000, with a typical range spanning between ₹3 lakh to ₹5 lakh. However, it’s important to note that salary figures can vary significantly based on the industry and specific job roles within each sector.
The Mavericks: MBA Success Stories
From budding entrepreneurs to corporate executives, graduates from MBA universities have made significant contributions across various industries, demonstrating the transformative power of this advanced degree.
Indra NooyiÂ
Former CEO of PepsiCo
Indra Nooyi catapulted to prominence as the former CEO of PepsiCo, a global powerhouse in the food and beverage industry. Nooyi’s strategic acumen and global vision, honed through her MBA education, played a pivotal role in driving PepsiCo’s growth and sustainability initiatives. Her journey from humble beginnings in India to the zenith of corporate leadership stands as a beacon of inspiration for aspiring MBA students worldwide.
Kunal Bahl and Rohit Bansal
Co-founders of Snapdeal
Armed with strategic insights honed during their MBA program, Kunal Bahl and Rohit Bansal co-founded Snapdeal, a pioneering e-commerce platform that reshaped the Indian retail landscape. Their innovative approach and adaptability revolutionised the industry, offering a diverse range of products and services to millions of customers nationwide. Their remarkable success underscores the pivotal role of innovation and adaptability in navigating the ever-evolving business world.
Chanda Kochhar
Former CEO of ICICI Bank
Chanda Kochhar solidified her legacy as the former CEO of ICICI Bank, a cornerstone of India’s private-sector banking. Kochhar’s remarkable leadership and strategic prowess solidified through her MBA education, drove ICICI Bank to unparalleled growth and prosperity throughout her tenure. Her journey, from a management trainee to steering a major financial institution, inspires MBA graduates seeking to leave a lasting impact in the dynamic world of banking and finance.
Binny Bansal and Sachin Bansal
Co-founders of Flipkart
Binny Bansal and Sachin Bansal had an extraordinary journey to co-found Flipkart. With their MBA education, they possessed the essential skills and knowledge to navigate the intricacies of the Indian e-commerce landscape. Their strategic vision and business acumen played a pivotal role in Flipkart’s meteoric rise to success, ultimately culminating in its landmark acquisition by Walmart.
Sundar Pichai
CEO of Alphabet Inc.
Sundar Pichai exemplifies the profound impact of an MBA education, a decision that has propelled him to the pinnacle of corporate leadership. With unwavering determination, Pichai ascended through the ranks to become the CEO of Alphabet Inc., the parent company of Google. His strategic acumen and visionary leadership have not only steered the tech giant to unprecedented success but have also redefined industry standards, setting new benchmarks for innovation and growth.
Individuals looking to pursue an MBA can find inspiration in these remarkable success stories and use them as fuel to ignite their paths towards success and impact in India’s vibrant business landscape. By leveraging their education and drawing valuable insights, they can pave the way for their journeys of growth, innovation, and influence in the dynamic global business arena.
What Do Employers Look For When Hiring Graduates?
Employers across various industries have a unique perspective on hiring graduates, particularly those with a degree from a top private MBA university, seeking to recruit individuals who can contribute effectively to their organisation’s growth and success.
Specialised Skills
Employers often prioritise candidates with specialised skills and expertise aligning with their industry’s requirements. An MBA is highly regarded for its focus on developing business acumen, leadership capabilities, and strategic thinking, making graduates attractive candidates for roles that require a blend of managerial and technical skills.
Leadership Potential
Employers place a strong emphasis on identifying and nurturing leadership talent within their organisations. MBA programs at Prestige University are designed to cultivate leadership qualities through experiential learning, case studies, and team-based projects. As a result, employers view MBA graduates as potential leaders who can drive innovation, manage teams effectively, and navigate complex business challenges.
Industry-Relevant Knowledge
Industries such as technology, finance, and healthcare are experiencing rapid growth and transformation. Employers value candidates with up-to-date knowledge and insights into their respective sectors. MBA courses at Prestige University often offer specialised concentrations or electives that allow students to gain industry-specific expertise, making them well-equipped to contribute meaningfully from day one.
Problem-Solving Abilities
Employers seek candidates who demonstrate strong problem-solving abilities and analytical thinking skills, especially in a competitive and fast-paced business environment. MBA curricula in the best MBA universities typically include coursework and projects that require students to analyse real-world business problems, develop strategic solutions, and make data-driven decisions, which are highly valued by employers.
Networking and Professional Development
Employers recognise the importance of hiring candidates who have a strong network of industry connections and a commitment to continuous learning and professional development. MBA from Prestige University offers opportunities for students to expand their networks through interactions with classmates, alumni, faculty, and industry professionals, which can be beneficial in terms of career advancement and access to job opportunities.
Adaptability and Global Perspective
In an increasingly globalised business landscape, employers in India often look for candidates who possess a global perspective and are adaptable to diverse cultural and market environments. Programs at MBA Universities often include international components such as study abroad opportunities, global consulting projects, and cross-cultural exchanges, which help students develop a broader worldview and enhance their ability to thrive in diverse settings.
In addition to the tangible skills and qualifications that employers look for when hiring graduates from an MBA University, an article published in The Statesman emphasises the significance of “being human” as an important factor in the recruitment process.
Accordingly, employers increasingly recognise the importance of candidates who demonstrate empathy, emotional intelligence, and ethical behaviour in addition to their technical and managerial abilities. In a business environment where collaboration, communication, and interpersonal skills are essential for success, candidates who exhibit qualities such as empathy, integrity, and respect for others are highly valued by employers.
How Do MBA Graduates Feel About Their Career Paths?
The findings from theAlumni Perspectives Survey 2021conducted by the Graduate Management Admission Council (GMAC) shed light on the enduring value of an MBA degree, coupled with promising career outcomes, amidst an increasingly international cohort and program landscape.
A staggering 70% of alumni rated the value of their graduate management education as outstanding or excellent, affirming the positive impact of their MBA experience on their career trajectories. It was also revealed that nearly 60% of alumni have experienced significant salary increases, moving into higher income brackets post-graduation.
The value proposition of an MBA is further underscored by the premium salaries that employers are willing to offer for the specialised skills of graduate management talent. Findings from the 2021 Corporate Recruiters Survey suggest that this salary premium could potentially translate into a staggering US$3 million increase in lifetime earnings for an MBA graduate compared to an individual with only a bachelor’s degree.
Moreover, the global overall Net Promoter Score (NPS) among business school alumni stands at an impressive 30, surpassing scores achieved in many other sectors of the economy. This metric reflects the high level of satisfaction and endorsement among alumni regarding their graduate business education experience, reaffirming its positive impact on their careers and professional development.
Overall, a significant majority of alumni, approximately nine out of ten (87%), report a positive ROI from their graduate business education, with minimal variations observed based on the region of alumni residence.
Among the top industries that employed MBA graduates, products/services, technology, and finance/accounting emerged as the prominent sectors, highlighting the diverse range of career opportunities available to MBA holders. Programs in the extension of these fields can be explored in super specialisations, such as:
MBA in E-business
An MBA in E-business focuses on understanding and leveraging digital technologies, internet marketing strategies, and e-commerce platforms to drive business growth and innovation in the online sphere. An MBA graduate can typicallyexpect starting salaries
An MBA in Food and Agribusiness addresses the unique challenges and opportunities within the food and agriculture industry, covering areas such as supply chain management, sustainability, regulatory compliance, and market trends. An MBA graduate can typically expect starting salaries ranging from 2 LPA to 10 LPA.
MBA in Data Analytics
An MBA in Data Analytics equips students with skills in data analysis, interpretation, and strategic decision-making using advanced statistical methods and technologies, preparing them for roles in data-driven industries. An MBA graduate can typically expect starting salaries ranging from 5 LPA to 11 LPA.
MBA in Logistics and Supply Chain
An MBA in Logistics and Supply Chain concentrates on optimising supply chain operations, logistics management, transportation strategies, and inventory control to enhance efficiency and profitability in diverse business environments. An MBA graduate can typically expect starting salaries ranging from 4 LPA to 12 LPA
MBA in Sustainability Management
An MBA in Sustainability Management focuses on integrating sustainability principles into business strategies, emphasising environmental stewardship, social responsibility, and ethical practices to create long-term value for stakeholders. An MBA graduate can typically expect starting salaries ranging from 3 LPA to 9 LPA
MBA General
An MBA General offers a broad curriculum covering various business disciplines such as finance, marketing, operations, and management, providing students with a well-rounded understanding of business principles and practices. An MBA graduate can typically expect starting salaries ranging from 3 LPA to 13 LPA
Moreover, the survey identified general management, finance or accounting, and marketing or sales as the most common job functions pursued by MBA graduates, underscoring the versatility and applicability of MBA skills across various professional domains.
Beyond securing lucrative career opportunities in diverse industries and job functions, graduates from the best MBA Universities also exhibit a propensity for entrepreneurial pursuits, contributing to innovation and economic growth.
Contact Us @ 1800-843-4546
1800-889-4546
