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Finding the best job for you

Edited By Dinesh | Updated on Jan 08, 2014 12:35 PM IST


Number of B-Schools across the country has increased, leading to stiff competition for top jobs, especially in the context of the economic slowdown. Today, organizations are looking for young bright managers, who have great ideas and ability to implement them. We ask subject experts, professionals, academia and alumni, to share their wealth of experience and answer your common queries on life after an MBA. Charanpreet Singh, Associate Dean of Praxis Business School, kicks off this section with some stellar advice to B-School aspirants, “Every sector or specialization offers a spectrum of  opportunities. But ultimately, it is the ability of the student determines his or her success.”

Q. Does an MBA  make me job ready?
A. It is depends upon the quality of training provided and the value addition in two years. According to Dr. Avhinav Jaiswal, Assistant Professor at Amity School of Communication, which offers an MBA in Media Management, an MBA from a good, reputed college gives you the in-built confidence to face corporate interviews and execute case study learning in building strategies and vision for the workplace, or any project undertaken. But ultimately, it is about research, fine insight on  risk calculations, foresightedness and the willingness to excel that makes one ready for the job. A huge numbers of MBAs are churned out each year but what makes a few exceptional is that they tried a little harder. “Organising, participating and winning B-Plan contests, quizzes,  games, presentation and seminar contests would enhance one’s CV value. Additionally, take on more Live Projects, Certification programmes in Finance or Analytics or Social media (as per interest),” advises ARKS Srinivas, Director of Vangaurd Business School, Bangalore.

Finding the best job for you
Finding the best job for you

Prof-DhankarRaj S. Dhankar
Dean, FMS Delhi

Earlier, traditional business houses felt that outside managers will spoil their close-knit functioning. Today, with huge expansion of their businesses, these top companies chase good managers from top B-Schools.

Q. Has the demand for MBAs been affected by the economic slowdown?
A. Leaders still seek young business managers who can develop a bird’s eye view of the entire organisation. However, with the rise in B-Schools, competition is fierce.

Rajesh_MagowRajesh Magow
Co-Founder & CEO,
Makemytrip

Companies do prefer MBAs & Management Trainees (MTs) even in this difficult economic environment. In fact, across the board the intake of MTs has increased in the past few years. The reason for this is that it is in the organization’s interest to induct a person with sound theoretical knowledge and preferably some years of experience, which an MBA usually possesses

Q. How to prepare for a career in teaching after MBA? How helpful is PhD post MBA?
A. According to Charanpreet Singh, Associate Dean of Praxis Business School, teaching is about passion – you either have it or not. Pursue it only if you have the passion and the ability – it is usually not as remunerative as a corporate career.  Very few MBAs chase teaching careers in their early years. For young managers PhD is a must for seeking a teaching career in good institutes. However, if a fairly senior manager decides to pursue teaching, he/she could bring in a lot of real-world experience in classroom teaching. A PhD is always helpful for a career in academics; for some institutes it’s a necessary qualification for a permanent position. Two,  the academic community considers non-PhD’s as ‘outsiders’. A PhD can also help in strengthening one’s candidature for top consulting jobs or profiles that require deep knowledge.

employment-opportunitiesQ. What are the employment opportunities after MBA?
A: They are very varied, since MBA offers various specializations, and your options depend on your specialization and interest. “The profile actually chooses you. I always wanted to get into marketing, and eventually I did. But initially it was difficult as I as well as many friends, were only being offered sales profiles. So we got into sales. But keep on trying and never doubt your capabilities. You can also request for a change of profile once you prove your value to the organization,” says  Shefali Chopra, Alumnus of Amity Business School, Noida.

Freshers tend to join at an entry level role whereas those with work experience tend to secure lateral positions.  For example, if you go into sales and marketing, you can start as a sales or marketing executive, as is the case in HR. In finance you can join as relationship manager, consultant etc. In some companies you join as a management trainee. Students are placed through campus placements organized by the B-School. The placement rounds or the recruitment process can be divided into three categories, sector, domain or roles and top recruiters.

1. Sectors: Banking Financial Services and Insurance (BFSI), Fast Moving Consumer Goods (FMCG), Consulting, Telecommunication, Manufacturing, Automobiles, Conglomerates, E-Commerce, Energy, IT/ITeS, Media, Retail, Pharmaceutical etc.

2. Recruiting domain or roles: Sales & Marketing, Consulting, Finance, General Management, Operations and IT.

3. Top domain specific recruiters:

  • FMCG: Hindustan Uniliver, Proctor & Gamble, Britannia, Colgate Palmolive, Emami, Godrej, ITC, Reckitt Benkiser, SAB Miller etc.

  • BFSI: Goldman Sachs, HSBC, Nomura Holdings, Citibank, HDFC, ICICI

  • Consulting: McKinsey, Capegemini, Accenture, Wipro, Cognizant Business Consulting, KPMG, PWC, Boston Consulting Group

  • Telecom: Airtel, Idea, Vodafone, MTS, Reliance Communication

  • Automobile: Tata Motors, Bajaj Auto, Hero Motocorp, Maruti Suzuki, Chevrolet, Honda, Volkswagen,Ford Motors, General Motors, Toyota

  • IT: Infosys, Wipro, Accenture, Cognizant Technology Solutions, HCL, Tata Consultancy Services

  • E-Commerce: Flipkart, Amazon, SnapDeal, Jabong, Home Shop

 

Q. What are the skill sets companies seek in a fresh MBA graduate?
A. “The economy has evolved through the years and such change inevitably affects a management’s role, responsibilities and the scope of duties. I believe that nowadays everyone is looking at a broader perspective and wants a person who can not only lead an organization in the right direction but also has a vision,” shares Rajesh Magow, CEO & Co-Founder of Makemytrip, on the employability of fresh MBA graduates. “We have a very structured and well-rounded, talent pipeline building institutionalized programme branded as ABD Future Leader program since 2010, and have hired fresh MBA graduates from IIMs, MDI Gurgaon, IMT Ghaziabad, Narsee Monjee and Symbiosis. After one year they took up managerial role in different functions,” shares Sanjeev Dixit, Chief People’s Officer, ABD. The company’s screening process entails pre-placement talk, screening of CVs, Group Discussions, Interviews and offer to the finalised candidates. According to Dr Kerron G Reddy, CEO, AIMS, employers generally look for current affairs awareness, aptitude, attitude, creativity, and presentation attitude, teamwork, creativity, specialization and management concepts in the fresh graduates.

Sanjeev-DixitSanjeev Dixit
Chief People’s Officer, ABD

ABD looks at traits which demonstrate that MBA freshers have the eagerness to learn, can work in a team, have the adaptability to new environment, a sense of integrity, creativity, innovation, and fundamental understanding of his domain subject”

Q. How does jobs in the public sector compare with private sector jobs?
A. “Typically, PSU jobs are perceived to be secure and stable but also less exciting in terms of job profiles or growth prospects. Brighter students tend to seek jobs in the private sector on the assumption that their abilities will be better used and better recognized,” shares Charanpreet Singh, Associate Dean of Praxis Business School. PSUs like banks definitely offer opportunities for MBAs. However, according to Singh, for top grads, except for a few such as SBI CAPS, these are usually not very attractive. Quite a few PSUs and companies like HPCL, BPCL, SAIL and GAIL have been increasingly visiting IIMs and  top B-Schools for campus recruitment. There is enough scope for a management graduate in the PSUs. “The only issues with the PSUs is that the promotions and growth in the PSU are linked NOT only to merit and work done but also the number of years one has worked in the organization,” shares ARKS Srinivas, Director, of Vangaurd Business School, Bangalore.

Prof-SrinivasanProf. S. Srinivasan
Director,
IASMS

Q. Is there a significant change in the role & profile of management trainees over the last five years in the context of an open market economy?
A. Some of the significant change factors have been technology and data analytics. Management trainees today must be good in QT and IT, in whichever sector they are employed in. The challenge of data analytics is to take the optimal management decision based on vast amounts of data.

Q. What is the average salary offered to top B-School graduates?
A: It varies from B-School to B-School, and also depends on the economic scenario. While the top-rung B-School students are expected to break into higher salary range, that of mid or the lower rung B-Schools will have comparatively lower placing. See Table below for the average and highest salary packages of top 20 B-Schools.

B-School

Average Salary

Highest Salary

IIM Bangalore

Rs. 17.30 lakh per annum

Not Available

Faculty of
Management Studies, Delhi University

Rs. 16 lakh per annum (Median Salary)

Not Available

XLRI Jamshedpur

Rs. 16.2 lakh per annum (Median Salary)

Not Available

DMS, IIT Delhi

Rs. 12.3 lakh per annum

Rs. 18 lakh per annum

IIFT Delhi

Rs. 12.40 lakh

Rs. 22 lakh

SPJIMR Mumbai

Rs. 16.13 lakh

Not available

NMIMS Mumbai

Rs. 14.40 lakh per annum

Rs. 30 lakh per annum

IIM Indore

Rs. 12 lakh per annum

Not Available

IIM Kozhikode

Rs. 12.31 lakh per annum

Rs. 32 lakh per annum

IIM Ranchi

Rs. 12.4 lakh per annum

Rs. 19 lakh per annum

IIM Raipur

Rs. 12.03 lakh per annum

Rs. 19 lakh per annum

IIM Shillong

Rs. 11.75 lakh per annum

Rs. 22 lakh per annum

IIM Tiruchirappalli

Rs. 10.92 lakh per annum

Rs. 18.25 lakh per annum

DoMS, IIT Madras

Rs. 9 lakh per annum (Median Salary)

Rs. 14 lakh per annum

VGSoM, IIT Kharagpur

Rs. 10.45 lakh per annum

Not Available

IRMA

Rs. 7 lakh per annum

Rs. 13.5 lakh

XIMB

PGDM BM – Rs. 11.81 lakh per annum
PGDM HRM – Rs. 9.4 lakh per annum

PGDM BM – Rs. 17.25 lakh per annum
PGDM HRM – Rs. Rs. 14.3 lakh per annum

XISS Ranchi

Rs. 6.75 lakh per annum

Rs. 12.50 lakh per annum

Source: Data from the respective B-School official placement reports. The salary packages mentioned above are for national recruitments.

Average-salaryQ. Which are the most lucrative sectors for MBAs to join today, in terms of pay packages and job profiles?
A. According to Sanjiv Marwah, Director of New Era Business School, some of the most lucrative sectors for MBA graduates to join today, in terms of pay packages and job profiles are, Banking & Finance including all Operations, Sales & Marketing jobs in Banks, Insurance and other financial sector. Consultancy, another top paying avenue includes Financial Analyst, Market Research and Research Analyst profiles, as well as the FMCG sectors. But what does it take to get into consultancy? The screening process can vary widely as firms seek  unique traits. “Common characteristics in demand include understanding of specific business issues, a tolerance for ambiguity, tolerance for absolutely abusive hours, superb Information Technology  skills, personal appearance, the ability to work quickly in spreadsheets, logical thinking skills, writing skills, willingness to travel and facility with languages.

Q. What kind of opportunities exist in the social sector for MBA graduates today?
A. Social enterprises definitely have opportunities for MBAs. Dr Kerron G Reddy, CEO, Acharya Institute of Management & Sciences (AIMS), Bangalore, says  students evince keen interest in social sector. “Several leading social entrepreneurs visited our campus and addressed the students about how they started and what they do. There is tremendous interest amongst current generation of students in understanding this new phenomenon and waiting to be a part of it. We encourage and help interested students in such ventures.” Another side of social sector is the NGOs and Not-For-Profit-Organizations run by social activists. MBA definitely have a role to play here, says Reddy. “The NGOs can be a training ground for all students, including MBA students. We have a centre for excellence in social work, which encourages students to participate in such activities. NGO/NPO are in the process of becoming professionally-driven as big players like Microsoft, Wipro, get involved and hence this sector will offer opportunities,” concludes Reddy.

Kerron-ReddyDr Kerron G Reddy,
CEO, AIMS

The NGOs can be a training ground for all students, including MBAs. NGO and NPO are in the process of becoming professionally-driven as big players like Microsoft and Wipro get involved and hence this sector will offer enough opportunities.

Q. Should MBA in Media Management be pursued only by mass communication graduates?
A. Media management is a general job title that describes people who manage talent for media professionals. Dr. Avhinav Jaiswal from Amity School of Communications, which offers this programme, shares that MBA in Media Management is quintessentially not for hard-core journalists who wish to write a cover story or go on a beat. This is a management programme that seeks to cover the business aspects in the Media sphere. But, yes, for a Mass Communication graduate who is interested in the commerce and financial aspects of media empire and its operations, it definitely can be studied in the realm of an academic discipline.

Q. What should be your job hunting strategy if you do not get placed?
A. Of late, it has become clear that even the tag of a prestigious institution cannot guarantee a good campus placement for students, as the competition for good positions is fierce. What are your options in this scenario? “GNA-IMT organizes job fairs every year with the prime focus of placing  students. Participant companies looking for Marketing, Finance & HR candidates take part and make job offers,” shares Dr SK Singla, Director, GNA-IMT, Phgwara. Also, do not underestimate internship opportunities. The organization where you intern can become your first employer. Also, do not ignore a job which pays less but is of your interest and gives opportunities to grow. Networking through sites like Facebook, LinkedIn and Twitter can be very effective, and job portals and blogs can be good resources.

working-professionalQ. I am a working professional. What courses can help me upgrade my skills and qualifications?

A. Many institutes offer Executive MBA programmes, which are specialised programmes which one can pursue during the job, as well as take a year or two years off work to pursue. Typically, you need a minimum of two years’ experience and their duration is usually one year. The minimum educational qualification is generally graduation. Sometimes companies sponsor the programme, and sometimes you need to finance it yourself. Such courses help you in gain expertise in a particular area. Apart from this you can also pursue specialised certificate courses for working professionals offered by many institutes. Manoj Bhardwaj, Senior Marketing Manager in a company has 10 years of experience but no MBA. “I want to be promoted as Chief Marketing Officer but for that one should be an MBA. That is the reason I am planning to do Executive MBA from a good institute along with my job,” he shares. Prapti Singh who is pursuing a PGP at IIM Kozhikode, shares, “After completing B.Com (H) from SRCC, Delhi University I got placed with Google. It was there I realised how important was an MBA degree in not just specializing in your job profile (marketing) but also handling daily operations and people effectively.” This realisation prompted her to pursue an MBA degree course to bridge the skill-knowledge gap and further her careers. 

Prateek_DidwaniaPrateek Didwania
Commerce (St. Xavier’s Kolkata)
PGP 2014,
IIM Kozhikode

A career in management provides an edge over other avenues. While going beyond academics, I wanted to carve a niche, and an MBA for me helped prove to myself that I am capable of achieving something in life

 

Saloni MehtaSaloni Mehta
Student,
IIM Ahmedabad

I see myself working in the marketing world and an MBA would equip me for it. If you are fresh out of college, an MBA would equip yourself with management knowledge to start a challenging career in the corporate world

 

Ankur_ZutshiAnkur Zutshi
B.Tech
(Electronics and Communication)
PGP 2014, IIM Kozhikode I wanted to pursue a Master’s, & going further in the technical line did not look that attractive an option. While evaluating non-technical pursuits, an MBA from India seemed to be the most feasible option for me

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An individual who is pursuing a career as a producer is responsible for managing the business aspects of production. They are involved in each aspect of production from its inception to deception. Famous movie producers review the script, recommend changes and visualise the story. 

They are responsible for overseeing the finance involved in the project and distributing the film for broadcasting on various platforms. A career as a producer is quite fulfilling as well as exhaustive in terms of playing different roles in order for a production to be successful. Famous movie producers are responsible for hiring creative and technical personnel on contract basis.

2 Jobs Available
Copy Writer

In a career as a copywriter, one has to consult with the client and understand the brief well. A career as a copywriter has a lot to offer to deserving candidates. Several new mediums of advertising are opening therefore making it a lucrative career choice. Students can pursue various copywriter courses such as Journalism, Advertising, Marketing Management. Here, we have discussed how to become a freelance copywriter, copywriter career path, how to become a copywriter in India, and copywriting career outlook. 

5 Jobs Available
Vlogger

In a career as a vlogger, one generally works for himself or herself. However, once an individual has gained viewership there are several brands and companies that approach them for paid collaboration. It is one of those fields where an individual can earn well while following his or her passion. 

Ever since internet costs got reduced the viewership for these types of content has increased on a large scale. Therefore, a career as a vlogger has a lot to offer. If you want to know more about the Vlogger eligibility, roles and responsibilities then continue reading the article. 

3 Jobs Available
Publisher

For publishing books, newspapers, magazines and digital material, editorial and commercial strategies are set by publishers. Individuals in publishing career paths make choices about the markets their businesses will reach and the type of content that their audience will be served. Individuals in book publisher careers collaborate with editorial staff, designers, authors, and freelance contributors who develop and manage the creation of content.

3 Jobs Available
Journalist

Careers in journalism are filled with excitement as well as responsibilities. One cannot afford to miss out on the details. As it is the small details that provide insights into a story. Depending on those insights a journalist goes about writing a news article. A journalism career can be stressful at times but if you are someone who is passionate about it then it is the right choice for you. If you want to know more about the media field and journalist career then continue reading this article.

3 Jobs Available
Editor

Individuals in the editor career path is an unsung hero of the news industry who polishes the language of the news stories provided by stringers, reporters, copywriters and content writers and also news agencies. Individuals who opt for a career as an editor make it more persuasive, concise and clear for readers. In this article, we will discuss the details of the editor's career path such as how to become an editor in India, editor salary in India and editor skills and qualities.

3 Jobs Available
Reporter

Individuals who opt for a career as a reporter may often be at work on national holidays and festivities. He or she pitches various story ideas and covers news stories in risky situations. Students can pursue a BMC (Bachelor of Mass Communication), B.M.M. (Bachelor of Mass Media), or MAJMC (MA in Journalism and Mass Communication) to become a reporter. While we sit at home reporters travel to locations to collect information that carries a news value.  

2 Jobs Available
Corporate Executive

Are you searching for a Corporate Executive job description? A Corporate Executive role comes with administrative duties. He or she provides support to the leadership of the organisation. A Corporate Executive fulfils the business purpose and ensures its financial stability. In this article, we are going to discuss how to become corporate executive.

2 Jobs Available
Multimedia Specialist

A multimedia specialist is a media professional who creates, audio, videos, graphic image files, computer animations for multimedia applications. He or she is responsible for planning, producing, and maintaining websites and applications. 

2 Jobs Available
Welding Engineer

Welding Engineer Job Description: A Welding Engineer work involves managing welding projects and supervising welding teams. He or she is responsible for reviewing welding procedures, processes and documentation. A career as Welding Engineer involves conducting failure analyses and causes on welding issues. 

5 Jobs Available
QA Manager
4 Jobs Available
Quality Controller

A quality controller plays a crucial role in an organisation. He or she is responsible for performing quality checks on manufactured products. He or she identifies the defects in a product and rejects the product. 

A quality controller records detailed information about products with defects and sends it to the supervisor or plant manager to take necessary actions to improve the production process.

3 Jobs Available
Production Manager
3 Jobs Available
Product Manager

A Product Manager is a professional responsible for product planning and marketing. He or she manages the product throughout the Product Life Cycle, gathering and prioritising the product. A product manager job description includes defining the product vision and working closely with team members of other departments to deliver winning products.  

3 Jobs Available
QA Lead

A QA Lead is in charge of the QA Team. The role of QA Lead comes with the responsibility of assessing services and products in order to determine that he or she meets the quality standards. He or she develops, implements and manages test plans. 

2 Jobs Available
Structural Engineer

A Structural Engineer designs buildings, bridges, and other related structures. He or she analyzes the structures and makes sure the structures are strong enough to be used by the people. A career as a Structural Engineer requires working in the construction process. It comes under the civil engineering discipline. A Structure Engineer creates structural models with the help of computer-aided design software. 

2 Jobs Available
Process Development Engineer

The Process Development Engineers design, implement, manufacture, mine, and other production systems using technical knowledge and expertise in the industry. They use computer modeling software to test technologies and machinery. An individual who is opting career as Process Development Engineer is responsible for developing cost-effective and efficient processes. They also monitor the production process and ensure it functions smoothly and efficiently.

2 Jobs Available
QA Manager
4 Jobs Available
AWS Solution Architect

An AWS Solution Architect is someone who specializes in developing and implementing cloud computing systems. He or she has a good understanding of the various aspects of cloud computing and can confidently deploy and manage their systems. He or she troubleshoots the issues and evaluates the risk from the third party. 

4 Jobs Available
Azure Administrator

An Azure Administrator is a professional responsible for implementing, monitoring, and maintaining Azure Solutions. He or she manages cloud infrastructure service instances and various cloud servers as well as sets up public and private cloud systems. 

4 Jobs Available
Computer Programmer

Careers in computer programming primarily refer to the systematic act of writing code and moreover include wider computer science areas. The word 'programmer' or 'coder' has entered into practice with the growing number of newly self-taught tech enthusiasts. Computer programming careers involve the use of designs created by software developers and engineers and transforming them into commands that can be implemented by computers. These commands result in regular usage of social media sites, word-processing applications and browsers.

3 Jobs Available
Product Manager

A Product Manager is a professional responsible for product planning and marketing. He or she manages the product throughout the Product Life Cycle, gathering and prioritising the product. A product manager job description includes defining the product vision and working closely with team members of other departments to deliver winning products.  

3 Jobs Available
Information Security Manager

Individuals in the information security manager career path involves in overseeing and controlling all aspects of computer security. The IT security manager job description includes planning and carrying out security measures to protect the business data and information from corruption, theft, unauthorised access, and deliberate attack 

3 Jobs Available
ITSM Manager
3 Jobs Available
Automation Test Engineer

An Automation Test Engineer job involves executing automated test scripts. He or she identifies the project’s problems and troubleshoots them. The role involves documenting the defect using management tools. He or she works with the application team in order to resolve any issues arising during the testing process. 

2 Jobs Available
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