Most Popular Career Options After Pursuing an International MBA

Most Popular Career Options After Pursuing an International MBA | Representative photo

It’s no mystery as to the appeal of a top international MBA. When asked about this, most aspirants will say things ranging from changing geography to changing job function or industry. For almost all, a big part of the attraction comes from the top dollars one can earn in careers after the MBA

A quick glance at the employment reports of America’s top 3 MBA programs (read Harvard, Stanford, and Wharton), reveals that median starting salaries for MBA graduates range between $150,000 and $158,000. $ (upwards or INR 1.2 Cr)! And that’s not all, they also end up earning almost $67,000 (another half Cr) in performance and connection bonuses.

Although an MBA can open doors to several types of jobs and industries, it can be argued that it does so for some more than others. Looking at the same data as above, one can find three types of jobs/industries emerging as clear winners: consulting, finance and technology. Let’s take a closer look at what these roles are. We’ll also give an overview of other popular roles towards the end of this article. So, if you’re wondering how to choose a career, read on.

Consultant

Management or strategy consulting, as it is more commonly known, has been the first choice of MBA graduates for decades. In a nutshell, as a consultant, you typically solve CxO-level business problems. The biggest names of employers in this field which are globally known are known as MBB – McKinsey & Co, Boston Consulting Group (BCG) and Bain & Company.

The reason for the popularity of this career path is both the moolah you make, but also the kind of exposure and learning it can provide. Right from the start, you can take part in board discussions of top organizations and rub shoulders with the best and brightest minds in the business world.

Financial services

Under this umbrella term, there are a variety of roles and jobs. The most popular and arguably the largest recruiter is the investment bank; a close second could be investment or asset management. Broadly speaking, investment banking involves providing financial services to organizations (and individuals in some cases) through investment strategies and risk management, among other services. Some big names in this field would be Goldman Sachs, JP Morgan, Morgan Stanley, Citigroup and more.

A big attraction for this career choice comes from the best dollars one can earn, arguably the highest among the popular career choices on offer. It also gives you the ability to discern the financial numbers that drive most decisions in the business world. The business world revolves around money and this career choice is all about managing money (wealth) properly.

Manish Gupta

Technology

The first images that come to mind when you hear about technology are probably of software engineers powering our modern world. What is he doing in the world of MBAs, one might wonder. While core technology and innovation are essential, it can be said that it is equally essential to bring said technology or innovation to millions and billions of people. This is the realm of the business world. Over the past decade, jobs related to technology management have become one of the most sought after and some of the highest paying on top MBA campuses. The most popular career choice in this field is product management. Simply put, a product manager works with a cross-functional team (including engineering, marketing, sales, finance, and others) to bring technology products to life. The cycle from the conception of a product to its launch is known as the product development life cycle (PDLC). Like MBBs in Consulting, top companies in this industry have also come up with their own version – FAANG which stands for Facebook (now Meta), Amazon, Apple, Netflix and Google (now Alphabet).

The appeal of this role stems from its ability to put you in a position where you thrive in the world of technology and can literally transform millions/billions of people live or interacting or much more. The fact that it pays a lot of money is all the incentive needed to drive this straight up when it comes to career choices after the MBA.

Others

Some of the other popular career choices an MBA opens up are general management, sales and marketing, private equity/venture capital, and operations management. A small proportion of graduates also pursue careers in slightly more specialized fields such as healthcare management, manufacturing, media and social impact.

The moral of the story (or at least of this article), however, is this. An MBA can undoubtedly open doors for you. But as an MBA aspirant, never accept admission blindly, that is, without knowing or having any idea what kind of career you want to pursue. It is important to plan your career and then decide to invest your hard-earned money in an MBA, which can be quite an expensive degree. If you are unsure, seek career advice through networking, with your mentors and with experienced career counselors.

Remember that the right “answer” for you may mean not pursuing an MBA at all!

The author is the Chief MBA Advisor at Crystal Ball, a provider of MBA admissions and career counseling services.

(To receive our electronic document daily on WhatsApp, please click here. To receive it on Telegram, please click here. We allow sharing of the PDF of the document on WhatsApp and other social media platforms.)


Comments are closed.