Even if lot many students pursue MBA to get a grip over the management subject and to hone their business acumen, the majority of the students pursue MBA to make it a means to an end. A lucrative job opportunity is what they look for. In this article we will talk about the nitty-gritty of the jobs for MBA fresh graduates, the top employers they should aim at and the scope and possibility of their career in India and abroad.
Jobs for MBA Graduates (Fresher)
Now question comes why a reputed company would give a job to a fresher? Usual answer would be as s/he is equipped with new skills and updated knowledge; it is natural for a company to hire him/her. But it is simply a myth. Companies don’t hire fresh people for new skills and updated knowledge. They hire because they would get resources which will increase the benefit of the company and reduce the cost.
Now, let’s align the company perspective and student’s perspective. If an MBA student has the expertise to solve most complex problems and benefit a company in due way, a company would not mind hiring him/her at a good position and offering him/her a lucrative compensation.
But why all students are not job-ready?
The reason is their approach to study MBA. MBA should not be treated as any other professional courses. It is a beginning point of a lifelong study which will never end. The more you know, better you become. Here knowing doesn’t mean the theory, it means practically you have done it and solved the problems. In 2nd tier, 3rd tier and 4th tier MBA Schools, the main emphasis is given on the theory and learning fundamentals and concentration on the practical problem solving is much less.
In IIM, XLRI and other top-notch institute, the way is different. It is called case study method of facilitating. Every day they are exposed to hundreds and thousands of case studies which need their mind to expand, to learn things that require tremendous hard work and the most critical business skills like negotiation, communication, bargaining, selling, problem solving to master.
Thus, they become much more valuable than an ordinary MBA student who passes out from a 2nd or 3rd tier MBA institute.
The contention is not to demean anyone here, rather it is a reality to explore about what works in real world and what doesn’t. Just because you have completed your MBA doesn’t mean that it would give you the right to be eligible for a great position, an attractive salary package and a high growth in your career.
There are also people who have more than 5-10 years of experience and don’t even have an MBA. In that case, company will prefer the expertise and experience more than a degree. Because in real world, practical is given more preference than theory! But if you can develop yourself, continuously upgrade and update your knowledge, read voraciously and learn continuously, then you don’t need to worry about the job market.
If you become more valuable than others, top-notch companies will understand your value and offer you jobs that you have never imagined in your wildest dreams.
So the idea is not to take an MBA as a means to an end, rather to start in a deliberate process of developing your business skills with the help of MBA curriculum. Job market is always volatile. But students who will follow this advice and act on developing themselves than trying to get a job, will always eligible for a job in the market. Volatility has nothing to do with skills and hard work.
Even if the opportunities become more or less during a given time, the student who is ready for the opportunity will get the job and the student who is always searching for a job will not be able to crack it.
Thus, the concentration is on developing yourself, rather than trying to get anxious about the volatility of the job market. Because we all know that only cream (not in degree, but in skill and expertise) sits on the top.
Before starting out on your MBA, you can conduct a beautiful experiment. You can just pick up any MBA graduate and ask him/her what is his/her dream company?! 90 per cent of students will give you few names of the world-class companies. 5 per cent will tell you that they don’t want to do a job because they would like to embark on their own journey of entrepreneurship, 3 per cent won’t be able to tell you and only 2 per cent will tell you what everyone should look at.
The 2 per cent would say that no matter what company they join, they would create value for the company and would become the indispensible resource of the company. The idea again is to zero in what’s most important.
But that doesn’t mean you cannot work for a top-notch company. Rather if you would start your career with one of the top-notch companies then it would give you an added benefit of understanding the market more closely which you can call – learning from the shoulder of giants. Let’s look at few of the top-notch companies who hire capable MBA fresher to join in and eventually grow in the company.
- Tata Consultancy Services
- JP Morgan
- Morgan Stanley
- Boston Consulting Group
- Tata Motors
- Tata Steel
- Axis Bank
- ICICI Bank
- General Electric
- General Motors
There are thousand names we can take right now. But there are MNC's, fortune 100 companies and fortune 500 companies, world-class consulting groups, retail companies and real estate companies. But the truth will remain truth. The best of the lot (in skill and expertise) will always triumph the average, the mediocre.
Scope for them in India and Abroad
If you are a student of MBA from top-notch Indian Institute, then your possibility in India and abroad are unlimited. Though there is not much international recognition, if you pass out from Indian institutes, but still if you pursue your MBA from institutes like IIM, XLRI, S.P. Jain Institute of Management, FMS, then chances are that you are well revered in foreign job market as well.
But if you happen to be a pass out from a B-tier B-School, then to make your mark in international market, you need to make a lot of effort. You can and eventually you will become somebody who would be internationally recognized, but for that you need to take your MBA as a continuum. Once the MBA finishes, most of the students get into a job and never touch another book or never learn another skill.
But if you would like to make your mark in the global map as well as in Indian Territory, no matter from where you do your MBA, you need to take things in your own hands.
Scope doesn’t rely on whether you have experience or you are simply a fresher, rather scope depends on how much dynamism you have, how many skills you possess at the end of the day and how many complex problems you can solve by your knowledge and business acumen.
Thus, don’t worry about scope. Just set your goal. Decide your direction. And plunge in. You have an exciting career ahead of you to make your mark, achieve your dreams and make yourself a man/woman you have always dreamed of becoming.