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GLA University Blog | » 3 Highest Paying Jobs after MBA 3 Highest Paying Jobs after MBA – GLA University Blog

3 Highest Paying Jobs after MBA

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3 Highest Paying Jobs after MBA
Posted on January 18, 2020

 

Acquiring a Master of Business Administration (MBA) degree involves a big fat investment which student have to make. Today, MBA is a degree that not only expands career opportunities but also makes you market-ready for the highest paying jobs. Considering the robust financial investment, it is quite natural for MBA pursuers to be gravely concerned about the job opportunities available to them.
 
This post sheds light on some of the highest paying jobs after you earn an MBA Degree:
 
  1. Project Manager
 
After successful completion of their MBA degree, most MBAs are hired for the post of Project Managers. Holding this position, the candidate supervises a specific project independently while handling each and every aspect associated with it.
 
Responsibilities of a project manager include:
 
  • Planning
  • Strategy
  • Growth forecasts
  • Team building
  • Execution 
  • Achieving the proposed targets.
 
The position of a project manager is one of the most desired ones, particularly by the IT companies as they take up a large number of projects at a time.
Skills Required:
The post of a Project Manager is of generalist nature, and so it requires a comprehensive skill set, but not confined to the following:
  • Ability to build teams and their management
  • Effective and sharp communication skills
  • General management skills
  • Planning things and creating strategies to implement them
  • Sound understanding of the fundamentals of finances
  • Enthusiasm to achieve the set goals
Remuneration Structure
 
  • 5 to 6 Lacs per annum for freshers
  • 15 to 20 Lacs per annum for those having 7-10 years of experience.
 
2. Business Development Manager
 
Business Development Manager (BDM) is yet another heavy-weight job profile for which MBA degree holders are hired to pay hefty packages. Business Development Managers carry out the execution of the plans made to achieve the set business goals.
Responsibilities of a Business Development Manager includes:
  • Making executable plans to grab new clients/projects
  • Making strategies to achieve the set targets
  • Giving suggestions to team members about practical solutions to combat challenges
  • Meeting clients to win their favor
  • Encourage team members to achieve the end target.

Skills Required:
 
Business Development Manager (BDM) is also a generalist profile by nature; however, it plays a pivotal role in planning and analysis of existing businesses to come up with an effective betterment strategy.
 
Those planning to be a Business Development Manager (BDM) must have the following skills:
  • Strong analytical and communication skills
  • Good interpersonal skills
  • Managerial and networking skills
  • Capabilities of meeting deadlines
  • Innovative thinking and out of the box approach
Remuneration structure
 
  • 4 to 5 Lacs per annum for freshers
  • 12 to 15 Lacs per annum for those having 7-10 years of experience.
 
3. Marketing Manager
 
Marketing is one of the most talked-about career options these days which most MBA degree holders consider an ideal ground for themselves. A large number of companies hire MBAs with a specialization in marketing for the position of marketing manager. As the designation suggests, a marketing manager looks into the efforts made for marketing and promoting a particular product or service.
 
Responsibilities of a Marketing Manager include:
 
  • Making a pricing strategy that boosts up profits as well as market share
  • Identifying new customers
  • Making efforts for lead generation and more sales
  • Leading promotional campaigns with advertising managers
  • Organizing trade shows, conferences and events for the company
  • Making efforts for brand awareness and positioning
  • Evaluating competitors
  • Developing and monitoring all marketing campaigns right from the beginning to the end.
Skills Required:
When it comes to skills, Marketing Managers are expected to have the following:
  • Excellent communication and interpersonal skills
  • Ability to manage a big team of supporting marketing professionals
  • Good analytical ability with logical thinking
  • Good ability to plan things and execute strategies
  • An eye for comprehensive details
Remuneration Structure
 
  • 5 to 7 Lacs per annum for freshers
  • 8 to 14 Lacs per annum for those having 7-10 years of experience.
 
Conclusion
 
Given above are just a few positions, well-known for top pay packets. But, business management is one of the most happening carrier domains these days, a large number of new job positions are emerging with each passing year. With the beginning of each academic year, new specializations in MBA can be observed in the admission notices of almost all reputed institutions.
 
Some other off-beat but highly rewarding options available to MBA degree holders include Credit Analysis, Public Relations, Investment Banking, Accounting, and various others. If you develop and exhibit outstanding entrepreneurial skills, you have an opportunity to start-up your own venture while holding the position of Founder and CEO.

 

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