Some years ago, reports state that Indian MBA graduates were facing great difficulty when it comes to finding their right working sector. The reasons for the same include the retarding economy combined with the slow industrial growth that added burden on these graduates. They feel higher pressure, when they are not in a position to get the job as per their expectation, particularly when they are under an educational loan. The reason is that they will have to manage their EMIs, besides premium and repayment should also begin. But, things are changing to a certain extent these days with growing economy and with the change in GDP calculation and the demand for MBAs is growing.
There are some sectors that offer better perks and remuneration to the MBA graduates to the candidates passing out of the elite B-schools in India and here are the top 4 working arenas for Indian MBA graduates:
Information Technology sector: This is of course the booming sector as most of us know and experience. In this industry, an MBA graduate can find employment opportunities as project manager, product manager, business development executive, system architect, etc. Due to the effective growth of this sector, a career in the information technology field can promise better facilities and salaries as against other sectors in the market. Furthermore, the requirement of this sector, on-site chances are better for MBAs working in this sector as they might be required to stay abroad for a project support.
Finance: MBA graduates can also think finance as the most ideal career sector. Here, the graduates can find jobs both in banking and non-banking sectors and there are many private and public sector organizations in finance sector that recruit MBA graduates. In addition, these graduates can also run their own finance business and salary will not be a problem for skilled and qualified graduates.
E-Commerce: With the development of online shopping these days, the e-commerce industry is growing greatly as the next best sector to get employed for MBA graduates. It offers lucrative and promising career prospects and it is turning out to be the second most preferred job avenue for graduates with business management qualification next to the FMCG Industry.
FMCG: According to a survey, the Fast Moving Consumer Goods or FMCG Sector has developed as the field of choice for B-School graduates. As the growth of this sector is driven by consumption, the field continues to find favor with students, who watch this field to be the one with huge growth potential.
Apart from these four lucrative sectors, other fields like retail and conglomerates, financial institutions, IT products and developments, domestic and foreign banks, investment banking, IT consultancy services and management consulting services are also providing better job prospects for MBAs. These are sectors that perform well not only in India, but also in many foreign countries as well.
When it comes to the selection of the right sector for working, it is important that candidates must have an eye to understand the potential and lifespan of the sector in the near future. Even, it is recommended that they should get the help of employment experts before taking up their first job in any sector.