Online MBA Career Options: Salary, Placements, Job Opportunities, Scope

Online MBA Career Options: Salary, Placements, Job Opportunities, Scope

Edited By Vivek Kumar | Updated on Nov 11, 2024 06:00 PM IST | #MBA

An online MBA creates a variety of career options in diverse industries for students. It is a two-year master's degree in business administration designed for freshers and working professionals. There are several online MBA colleges in India that offer an MBA degree online in diverse specialisations allowing students to develop knowledge and skills in their chosen domains.

This Story also Contains
  1. Career Options After Online MBA
  2. Online MBA Salary in India
  3. Popular Online MBA Specialisations
Online MBA Career Options: Salary, Placements, Job Opportunities, Scope
Online MBA Career Options: Salary, Placements, Job Opportunities, Scope

An online MBA offers great flexibility, providing students with the convenience of studying from anywhere and at any time. The programme is particularly beneficial for professionals with other commitments and who want advanced education. Read on for popular online MBA jobs, salary, top colleges, recruiters, and more.

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Career Options After Online MBA

There are numerous career opportunities for online MBA graduates in India and abroad. After completing the course from UGC approved online MBA universities, they can find career options in their chosen specialisations and enter their desired fields.

Some of the popular online MBA specialisations are finance, marketing, operations management, international business, and others, which can lead to the following careers:

Project Manager - A project manager is one of the masters in business administration jobs. He or she is responsible for the planning, procurement and execution of a project. Project managers also coordinate with their teams so that they can perform at their highest levels.

Manager - This is one of the best online MBA career options one can pursue in diverse domains. A manager is a senior-level professional who manages specific departments, oversees daily operations and coordinates with other departments. He or she supervises and guides the staff working under him or her.

Sales Manager - This is another one of the popular online MBA job opportunities. A sales manager guides the sales personnel, assigns them monthly targets and supervises their performance. He or she also provides training to his team to upgrade their skills for improvement in sales performance and pitch potential customers for their services.

Marketing Manager - Amongst the highest-paying MBA jobs is marketing manager. A Marketing Manager is the head of the marketing department and is responsible for promoting and positioning the products and services of a company for higher sales conversion. He or she also plans strategies for marketing campaigns to attract customers.

Brand Manager - Another one of the top online MBA job opportunities is a brand manager. The role of a brand manager is to ensure maximum profit by improving the general perception of people towards the company and its products and services. He or she also builds brand value and changes public perceptions of a brand.

Financial Advisor - This one of the highest-paying MBA jobs can be found in both the private and public sectors. A financial advisor is responsible for providing financial services to clients based on their financial situation. While most financial advisors offer advice on various topics, some specialise in areas such as retirement or risk management.

Advertising Manager - An advertising manager works in a team to create and implement various forms of advertising media, determine budgets and collaborate to create effective promotional and advertising campaigns. One can pursue this one of the popular online MBA jobs in India and abroad.

Finance Manager - This is one of the masters in business administration jobs. A finance manager is responsible for planning, organising, and executing financial tasks and projects of the organisation. He or she also works on creating financial reports, directs investment activities, and develops strategies for long-term financial goals.

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Online MBA Salary in India

Online MBA jobs are considered equally valuable to a traditional Master of Business Administration (MBA). Numerous online MBA career options with higher MBA salaries are available for graduates. The salary of an individual with an MBA online course can vary depending on factors such as experience, job types, employer, industry, and job location.

The following table lists the online MBA salaries of different job roles.

Online MBA Jobs

Average Base Salary (annually)

Business Manager

Rs 1,107,298

Sales Manager

Rs. 6,05,589

Marketing Manager

Rs. 7,77,820

Brand Manager

Rs. 8,05,490

Project ManagerRs. 1,445,844

*Source: PayScale

Resource Links for Online MBA

Top UGC Approved Colleges for Online MBA
Download this ebook and get all details related to the top UGC approved colleges for Online MBA.
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Online MBA Scope

There is a vast scope of an online MBA for graduates at the national and global levels. They can opt for careers in both private and government sectors or start their own business. An online MBA can help candidates grow professionally as well as personally by enabling them to pursue other courses like online general management certification courses.

Some of the popular employment areas one can explore online MBA careers are as follows:

  • Financial services
  • Insurance
  • Real Estate
  • Retail
  • E-Commerce
  • Fashion
  • Hospitality
  • Stock Trading

Popular Online MBA Specialisations

There are various specialisations available in an online MBA. Students can choose from different online MBA specialisations based on their area of interest. Mentioned below is the list of specialisations in online MBA one can choose to accomplish their career goals.

Top Online MBA Recruiters

Online MBA courses are increasingly gaining recognition all across the world. To gain a competitive advantage in today's business landscape, companies, regardless of type and size, look for management professionals who can meet their business goals. Following are the top companies that hire candidates who have pursued an MBA degree online:

  • Amazon
  • Flipkart
  • Zomato
  • Swiggy
  • Nestle
  • HCL
  • Raymonds
  • Puma

Popular Colleges Offering Online MBA in India

Several Indian universities offer online MBA courses in different specialisations. Students must visit the official website of their preferred college and meet all the admission requirements. Mentioned below is the list of some of the top online MBA colleges in India.

Conclusion

Online MBA career options are vast. Graduates are not limited to national companies but also pursue careers globally. The course provides learners with knowledge of business administration and management, creating online MBA jobs in both private and public sectors.

Frequently Asked Questions (FAQs)

1. What are the career options after online MBA?

Some of the popular career options include Project Manager, Marketing Manager, Advertising Manager, Finance Manager, Financial Advisor, Business Manager, Sales Manager, Brand Manager, and others.

2. What is the salary offered to online MBA graduates?

The salary of graduates can vary depending on factors such as job type, industry, experience, employer, and job location. The average salary an individual with an online MBA can earn in India is Rs 4 lakhs to 9 lakhs per annum.

3. What are the top online MBA recruiters in India?

Some of the top recruiters for students who have completed an online MBA in India are HCL, Amazon, ITC Hotels, Flipkart, Zomato, Reliance, Taj Group of Hotels, and Grofers, among others.

4. Does online MBA have value in India?

An online MBA holds significant value and recognition across different industries, irrespective of the type and size. One can explore different types of jobs after MBA in both private and public sector companies.

5. What are the important skills required for a successful online MBA career?

Some of the key skills one must possess to make a flourishing online MBA career include organisation, negotiation, communication, conflict management, leadership, and analytical mindset, among others.

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Questions related to MBA

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MBA is a two year post graduation program in field of management and business administration. To be eligible for MBA, candidates must have a bachelor's degree with a minimum of 50% marks for general category and 45% for reserved categories. Some of the popular entrance exams for MBA are CAT / XAT / GMAT / MAT etc.  The average fees for MBA range between 6 lakh to 20 lakh depending on type of the institutions. To know more about MBA program,visit MBA full details

Hello,

Congratulations on your successful completion of your Bachelor of Pharmacy (B.Pharm) degree, Arun! Pursuing an MBA is an excellent way to diversify your skill set and provide leadership roles in healthcare, pharmaceuticals, and beyond. Here's a guide to help you choose a specialization and colleges:

Best MBA Specializations for Pharmacy Graduates

  • Pharmaceutical Management: Suitable for pharmaceutical management in healthcare companies, drug development, and regulatory affairs.
  • Healthcare Management: Focuses on hospital administration, healthcare consulting, and public health policies.
  • General Management: Opens broader career paths in strategy, operations, and business leadership.
  • Finance: Suits those interested in budgeting, resource allocation, or investment in healthcare industries.
  • Marketing: For roles in pharma sales, branding, and product launches.

Top Colleges for MBA:

  • IIMs (Indian Institutes of Management): Offers premier education in general management (via CAT).
  • NMIMS, Mumbai: Renowned for MBA in Pharmaceutical Management.
  • TISS, Mumbai: Reputed for Healthcare and Hospital Administration.
  • Symbiosis Institute of Health Sciences (SIHS), Pune: Provides MBA in Hospital and Healthcare Management.
  • ISB, Hyderabad: Suitable if you have 2-3 years of work experience.

Application Procedure

  • Entrance Tests: Most colleges require tests like CAT, NMAT, SNAP, or GMAT. Prepare accordingly.
  • Applications: Once you clear the entrance, apply through respective college portals.
  • Interviews: Be ready to present your background in pharmacy and interest in management while interviewing.

Preparation Tips:

  • Start with fundamental books for entrance exams
  • Join the coaching centers or online portal like BYJU'S, Career Launcher, or TIME
  • Get updated about the pharma and healthcare industry trends for GDs and interviews

If you require further assistance, please let me know.

Hello,

Quite a number of institutes in Nagpur offer coaching for MBA entrance tests such as CAT, XAT, CMAT and others. Two of these are:

  • IMS Nagpur: IMS is one such leading firm catering to CAT coaching with intensive classroom sessions, extensive materials, and mock tests conducted through application skills and conceptual clarity prepared for multiple entrance tests along with CAT, CMAT and XAT. It locates on Dharampeth Nagpur.
  • T.I.M.E. Nagpur: The institution provides CAT and other entrance exams for MBA with experienced faculty members, air-conditioned class rooms, and well-equipped libraries. They have specialized in allied exams like SNAP and NMAT as well. Their center is available at Bharat Nagar and Medical Square, Nagpur.

Contact them for more details regarding course structure, fee structures, and batch timings by checking their official websites or contacting them individually.

Post-CAT processes for top MBA colleges typically include Group Discussions (GD), Written Ability Tests (WAT), and Personal Interviews (PI).

Group Discussion (GD):

The purpose of GD is to test communication, teamwork and assess problem- solving skills.

To prepare for a GD one needs to stay updated on current affairs, practice debating and discussing diverse topics, and develop a clear and concise speaking style.

Written Ability Test (WAT):

The purpose of a WAT is to assess written communication, clarity of thought, and argument structure.

To prepare for a WAT one needs to practice writing essays on current topics, focusing on logic, coherence, and grammar.

Personal Interview (PI):

The purpose of a PI is to evaluate motivation, fit for the program, and personality.

To prepare for a PI one needs to review his/ her academic and professional background, prepare for questions on career goals, current affairs, practice mock interviews and why you want to do an MBA.


Newer IIMs offer the long-term benefit of the IIM brand at competitive fees whereas XLRI, SPJIMR or FMS are stronger choices if one is seeking brand recognition, specialized programs and higher placement prospects

The newer IIMs say IIM Trichy, IIIM Udaipur, IIM Rohtak are gaining recognition but are still building their reputation as compared to the established MBA colleges like XLRI, SPJIMR and FMS.

Newer IIMs carry the IIM tag but lack the legacy and alumni network of XLRI, SPJIMR, and FMS.

Newer IIMs offer good placements but often with lower average salaries than XLRI, SPJIMR, and FMS, which have established recruiter networks and higher salary packages.

FMS offers the best return on investment due to its low fees and strong placements. Newer IIMs have moderate return on investment.

Newer IIMs have modern facilities but are still developing as compared to XLRI and SPJIMR.



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