Significance of Online MBA to Working Professionals
The business world of today is accelerating at a rapid pace, and getting an Online MBA has become more like a lifesaver for most working professionals.
They can easily juggle their work, personal life, and studies with the flexibility and the convenience this provides.
This is particularly more important for professionals who want to specialize in niche fields such as Finance, Operations, Human Resource Management (HRM), Media and Advertisement, Business Analytics, or Petroleum and Natural Gas.
Career After Online MBA in Finance
One of the most in-demand specializations from an Online MBA is finance.
Finance will always be the core of any organization, and thus the demand for finance professionals is always on the increase year by year.
Graduates of the online MBA in finance are largely financial analysts, investment bankers, risk managers, or financial consultants.
Moreover, financial institutions, international companies, and start-ups aggressively hire finance specialisation graduates.
The three significant recruiters are Goldman Sachs, JP Morgan Chase, and Deloitte.
The latest salary survey indicates that finance management MBA graduates may get a joining salary that can be within the range of INR 8 to 20 lakh depending upon experience and market demand.
Top Institutions and NIRF Ranking for Finance MBA
Indian Institute of Management (IIM), Bangalore, and Xavier School of Management (XLRI), Jamshedpur, are among the top ranked under NIRF for finance related MBA programs.
These institute provide some of the best Online MBA courses in Finance with placement rates consistently over 90%.
Career After Online MBA in Operations
Another much sought MBA major is Operations Management. An Online MBA in Operations develops professional competencies in logistics, supply chain management, quality control, and project management.
Without these people, the whole world would come grinding to a halt: global trade and e-commerce cannot work without them.
After MBA, this professional may seek jobs that include operations management, a supply chain analyst, a logistics manager, and a production manager.
Some of its biggest recruiters are Amazon, Flipkart, and Tata Consultancy Services (TCS).
The average salary for MBA graduates In the category of operations would range between INR 7 to 18 lakhs per annum, though one could get very high packages for senior jobs like Operations Head.
Institutes of Repute and NIRF Ranking of Operations MBA
Many of the leading colleges across the country focus much on operations management, and some of them include Indian Institute of Technology, Delhi and IIM Ahmedabad.
Career after an online MBA in Human Resource Management
HRM has evolved from merely being involved in offering services related to payroll and recruitment.
The Online MBA in HRM prepares professionals for the role of an HR manager.
The average salary of an MBA in HRM is between INR 6 to 15 lakhs per annum, while top HR professionals make much higher amounts depending on their experience and the organization size they work for.
List of Top Institutions and NIRF Ranking for MBA in HRM:
HRM MBA specializations are the most sought in Tata Institute of Social Sciences, Mumbai, and XLRI, Jamshedpur.
The value added to different sectors through leadership by skillful human resource professionals coming out of these institutes is simply exceptional.
Career After Online MBA in Media and Advertisement
The biggest shift in the media and advertising industry, as a whole, has been with the rise of digital platforms.
An Online MBA in Media and Advertisement prepares professionals to handle brand campaigns, digital marketing, and media planning.
For MBA graduates in the media and advertisement sector, salaries can be as low as INR 5 lakh per annum and high as INR 15 lakh for an experienced professional.
Top Institutions and NIRF Ranking for Media and Advertisement MBA
Such institutes that host robust programs for media and advertisement include Mudra Institute of Communications (MICA), Ahmedabad, and Symbiosis Institute of Media and Communication, Pune.
Career After Online MBA in Business Analytics
It’s an extremely high-profile field of doing business, especially in data-driven decision-making for the success of the business.
The most prominent roles in this field are that of a business analyst, data scientist, and analytics manager.
The average pay level is from INR 8 to 22 lakh a year, making it one of the highest-paid specializations.
Top Institutions and NIRF Ranking for Business Analytics MBA
IIM Calcutta and Great Lakes Institute of Management, Chennai, are top-ranked institutions for Online MBA in Business Analytics.
Career After Online MBA in Petroleum and Natural Gas
Online MBA in the field of petroleum and natural gas is one of the most competitive areas of work, and it presents excellent opportunities for jobs including energy consultants, operations managers in oil and gas firms, and environmental sustainability managers.
The Indian Oil Corporation, ONGC, and Reliance Petroleum are amongst the major recruiters in this industry.
Within a range of INR 10 lakh to INR 25 lakh per annum, the average salary after completion of the Online MBA in petroleum and natural gas ranks this amongst the most paid industries.
Top Institutions and NIRF Ranking for MBA in Petroleum and Natural Gas
Leading institutions of this type in Uttar Pradesh are the Rajiv Gandhi Institute of Petroleum Technology, and the University of Petroleum and Energy Studies is located in Dehradun.
Salary, Jobs, and Recruiters After Online MBA
The salary prospects normally differ for an Online MBA candidate depending upon the specialisation and industry of the candidate along with their past experiences.
Normally, the salary at the entry level ranges between Rs. 6 lakh and Rs. 20 lakh per year in all sectors, while business analytics, finance, and petroleum sectors provide the highest package.
The top companies recruiting from all the different spheres include Amazon, Infosys, JP Morgan, Wipro, and PwC.
Generally, most of the recruitment drives happen through campus placements and online portals of the hiring agencies.
Conclusion
The advantage for working professionals in an Online MBA is that it offers increased flexibility to advance their careers and not necessarily take a break from work.
It has to be with a specialization that aligns with your career aspirations:
Finance, Operations, HR, Business Analytics, or niche fields like Petroleum and Media.
An Online MBA really does enhance your earning capability and job prospects.
With top-ranking institutions, you can rest assured that you are well-equipped for leadership roles in your chosen field.
