Value of MBA degree
The MBA curricular construction is an extensive spectrum of disciplines that are included in the course program. There are topics on finance, accounting, human resources, marketing, operations, management, communications, and many more. The underlying theme is to prepare the candidate for the job responsibility the future holds. Towards the end of the program completion, there will be diverse opportunities with job profiles in the industry holding managerial competencies.
The programs are well defined in curriculum and have training schedules with every semester (or so, varying with different schools). The training and internship programs have been designed specifically to provide the required exposure to students after their module courses.
The overall design of MBA programs is in such a way to equip the candidate with education, training, and outlined skills for the administrative and managerial responsibilities that await at a greater distance. Read about the best time to do MBA in India.
Top Industries With Increased MBA salaries
For the business world, a little perception or grasp of the theoretical content will not be enough. For professional outcomes, many business schools value this context and have specially designed Executive MBA programs, only for professionals.
The business management course serves you with understanding, experience, and exposure to the business world. It molds you with the agreement of how organizations function, developing your leadership skills in logical reasoning, risk management and teamwork.
With multiple fields in data analysis or project management, you have diverse prospects to choose your area of interest. Marketing strategies and plans, or financial notions in accounting can be a part of your focus areas with a business management degree.
The opportunities in salary growth increases, if you hold degrees in specific fields (like consultancies or communications) and then pursue a master’s in management or business administration. As per a report, top industries in Consulting, FMCG, Investment Management, Technology, and E-commerce sectors offer the most leading differences in salaries pre and post MBA. Learn more about the MBA salary in India in 2020.
|Food, Beverage, & Tobacco||₹4498482.88||₹7440618.39||₹2942135.51||65.40%|
|Technology, Internet, & Ecommerce||₹6072240.10||₹8694388.72||₹2622148.63||43.18%|
Professional Roles with Salary Surges
If you’re interested in leadership and administration positions, the master’s in business administration degree will benefit you get the best advancement required. The institution’s reputation and excellence that provides the degree will be a crucial factor with your placement timeliness. The student must obtain a degree from a renowned institute.
The master’s degree brings value-additions to the possessor. There is a notable difference in the salary structure of a candidate pre- and post-MBA degree. Depending on your choice and interest in the field, you can choose to form a career in finance, marketing, administration, or business. Directing on concentrations and specific fields in business administration, the prime industries that offered higher salary differences pre and post-MBA were Doctor/Physician, Customer Support, and Architecture.
|Doctor / Physician||₹4279530.||₹8469903.13||₹4190373.87||97.92%|
|Human Resources (HR)||₹4630320.93||₹772067.55||₹3081746.61||66.56%|
Examples of CEOs with MBA degree
The CEO is the organizational organogram’s highest position holder. The liability of all the major business-related decisions lies with this post. Not only an expert in the market, business, strategic, and management knowledge, the profile demands a highly proficient person in authority, leadership, and managerial soft-skills.
Administering an organization is not every MBA-degree holder’s job in the making. A higher level of commitment to work and strategic management is expected from the profile, where it would lead the company into unexplored business tangents and directing the course of the company’s growth.
The high salaries (average salary– ₹3,076,757) of the positions demand all the output required. The payrolls increase with the candidate’s previous work-experience, job-profile, and total service years in the industry, focusing on their accomplishments.
Top CEOs today, that hold a master’s degree in business administration degree are as follows:
1. Satya Nadella, Microsoft.
This CEO of the software giant Microsoft was born in Hyderabad, India. Satya Nadella received his master’s degree in business administration from The University of Chicago Booth School of Business after his M.S. in Computer Science from University of Wisconsin-Milwaukee. He achieved his bachelor’s in electrical engineering, completing from the Manipal Institute of Technology.
Joining Microsoft in the year 1992, Satya Nadella is the third CEO in the company’s history. Before being elected as Microsoft’s CEO in February 2014, he was managing the responsibilities of the company as the Vice-President of the Business Division.
2. Tim Cook, Apple Inc.
Consumer electronics’ industry-giant, Apple Inc. is acknowledged as one of the world’s Big Four tech organizations. Before being acknowledged as the chief executive officer at Apple Inc., Timothy Donald Cook was holding the responsibility of Chief Operating Officer (COO) at Apple.
Earning his degree from Auburn University, in Bachelor of Science in industrial engineering from. And later in the year1988, he earned the following degree from Duke University- going on to pursue a master’s degree from Fuqua School of Business.
3. C. Douglas McMillan, Walmart.
Walmart holds the recognition of the largest grocery retailer in the globe. Established in the US in the year 1962, the company is now a global enterprise. It has various stores and subordinate associations across the world, operating in multiple countries. It has a surplus of commodities and merchandise to offer the customer.
Carl Douglas McMillan was associated with Walmart earlier in 1984 while he was operating there as a summer associate. In the year 1989, he graduated with his bachelor’s degree in accounting and later pursued his master’s degree from the University of Tulsa College of Business Administration.
Why is MBA important?
Helps to move up the ladder
The MBA is useful in moving up the ladder. It is a life-changing experience for professionals as it opens the doors to new opportunities and aspects. The degree is helpful to get out of stagnation and become active on the job front. There are many CEOs with MBA, and the MBA has contributed to their growth.
The MBA helps make individuals job-ready. The MBA degree is seen as an asset to the individual’s profile. Employers perceive MBA holders as skilled enough to take up the job responsibilities. As one goes up the ladder, they are given more tasks which require skills and knowledge. The MBA to become CEO is another way.
Helps in networking
Networking means getting to know people in the industry. Networking in business schools helps individuals to get in touch with the people who have the tag of reputed B-schools. Moreover, these individuals are potential business leaders. MBA serves as the best way to know people having excellent skills and who may hold strategic positions someday. A lot many people have become CEO after their MBA.
The MBA is helpful in making individuals become more employable. Having the degree MBA mentioned on the resume increases the value of the candidate. The recruiters immediately see the candidate in a much different way.
The MBA allows professionals to carve a niche for themselves and build their expertise in the market. There are various specialisations which one can choose from. Some of the specialisations are mentioned below-
- Business Management
- Healthcare Management
- Human Resource Management
The MBA programs are well-designed to prepare students and professionals for what their future job profiles demand of them. Their aim of a higher position in the organogram’s (industry-specific) hierarchical ladder checks a surplus of job responsibilities along with the title.
The education (from the degree pursued) in curriculum and training will equip them with the skills and knowledge required on the field. And the value which the degree holds will be reflected in the added skills in executive and business insight the candidate holds.
If you are keen on upgrading your career with an Executive MBA course, upGrad is offering MBA from Liverpool Business School. The program has been designed to stand at par with the best on-campus Executive MBA programs across the globe.
Learn MBA Courses from the World’s top Universities. Earn Master, Executive PGP, or Advanced Certificate Programs to fast-track your career.
What is the value of an MBA degree?
An MBA encompasses the entire gamut of how a business functions. Topics on finance, accounting, human resources, marketing, operations, management, communications, etc are touched upon. They prepare to understand how an organisation functions. Your specialisation is what defines you. You learn new skills that you can begin to use in your current organisation if you are working. You would start adding value to your department, thereby climbing the corporate ladder. An MBA fills you with relevant skills, training, networking opportunities, overall, setting you for a lifetime.
How will an MBA help me earn more?
A good MBA course leads to career advancements, thereby resulting in higher salaries. Your MBA degree equips you to grow deeper into and add value to roles. This will increase your earnings in the future. Depending on your preference, you will choose to form a long term career in finance, marketing, administration, or business. With continued application of the skills and knowledge that you acquire through your MBA course, you are likely to multiply your salary in the long run. This happens by increasing profitability in the organisation and streamlining and making systems more efficient.
How do CEOs earn more after an MBA?
A CEO is a leader, guide, and a solution-provider of an organisation. A CEO holds the highest position. It is the CEO who takes the major business-related decisions. This needs experience, judgement, strategic thinking, knowledge, and risk-analysing ability. A CEO needs to grow the organisation, stretch its wings in uncharted territories carefully, and be effective in communicating the decisions taken. Only a highly trained person can handle such responsibilities successfully and in an undeterred manner. Most of the skills practised and used by CEOs are taught in MBA courses. Hence a demanding position like that of a CEO is met by lucrative salaries.
What is the salary of a CEO?
The average salary for a CEO is 3026739 per annum.
What are the skills required to be a CEO?
The skills required to be a CEO are Leadership, Communication Negotiation, Vision creation, Team management, Stakeholder, Management, Technical Understanding, Industry know-how, and Problem-Solving.