Career Options After MBA in 2024

• What is an MBA
• Introduction to MBA
• Courses after MBA
• Chartered Financial Analyst 
• Financial Risk Management 
• Post Graduate Diploma in Computer
• Certification in Risk Management
• Data Science
• Certified in Production and Inventory Management 
• Doctor of Business Management 
• Ph.D. in Management 

What is an MBA?

MBA stands for Master of Business Administrations, one of the promising courses that most students choose after graduation. Crowd landing to pursue this course is increasing day by day, and that’s where doing a course after MBA can add a cherry on your cake and stand you out from the crowd. 

Introduction to MBA

MBA is all about creating a new perspective in life and career. If you are eager to learn more and dive deep into the practical world, then there are a number of courses you can pursue to polish your knowledge even after completing your MBA degree. 

Specialization always enhances the career skill in your resume, inculcates business ethics, helps in your personal development, and offers you a high salary. 

This article will learn about numerous courses you can pursue after MBA to boost your resume. After reading this article, you can get a clear picture of the course which you should probably choose after completing your MBA degree. 

Courses after MBA

1. CFA: Chartered Financial Analyst 

CFA is one of the most promising courses which is opted by the majority of the students every year. An individual who wants to become a certified analyst needs to clear three levels of the course. 

CFA is one of the globally recognized professional degrees. The major areas you will cover in the CFA Level 1 and Level 2 round are business ethics, equity investments, portfolio management, corporate finance, and alternate investment.

Once you complete this course, you become eligible for profiles like Analyst, Consultant, Financial Strategist, Portfolio Management, etc. The only thing that can hinder your learning journey is its tough exam, but your determination is all you will need to clear this examination. 

2. FRM: Financial Risk Management 

If you want to make your career in risk management, this is the best course you can choose. GARP ( Global Association of Risk Professionals) offers certification examinations for FRM. FRM is a globally recognized degree. Two levels of examination take place for FRM; Level 1 and Level 2. 

According to the GARP website, one needs 275 hours of preparation to qualify Level 1 examination of FRM, and there is no minimum eligibility requirement to appear for the FRM examination. The total fee for this Level one course is around $1225. 

Once you complete the degree, you can opt for; Risk Management, Trading, Structuring, Modeling, etc. 

3. PGDCA: Post Graduate Diploma in Computer Application 

If you are tech-savvy and want to work in the Software industry after your MBA, then this is the course which you should choose to achieve your goals. This course is designed for students interested in computer applications and different fields like banking, accounting, and insurance. 

After completion of this course, in addition to your business skill, you will have technical skills too, which will make your resume stronger.

If you want to enroll in this course, mathematics should be one of your subjects at 10+2 level. Once you are done with the degree, you can work as a Software engineer, application developer, mobile developer, application expert, system engineer, network engineer, and much more. 

The average salary after this degree ranges between 5-10 lakhs per annum which increases with your experience and expertise. Companies like TCS, HCL, Dell, HP, Lenovo, etc., hire such professionals. 

4. CRMA: Certification in Risk Management Assurance 

CRMA is offered by IIA ( Institute of Internal Auditors). This certification will prove that you are eligible to assist in governance and risk management-related issues. In addition, with a degree, you also need work experience of 12-60 months to be eligible for this certification. 

The candidate should pass Level 1 of the CIA exam, and that can be done before, during, or after the completion of the CRMA exam, but it must be done before granting certification. 

Once you complete this certification, you can become a trusted advisor to the audit community and manage management in the crucial areas of risk assurance, quality assurance or keep an eye on self-assessment. 

5. Data Science 

Data scientist is one of the promising careers which you can opt for; after the internet boom and social media growth, opportunities in this field have increased exponentially.

The major responsibility of the data scientist is to analyze large amounts of data, data mining, and using that data for the growth of the organization; data is everything in the 21st century. Professionals in Data Science are paid high for their great technical skills. The average salary of a Data Science professional ranges between 5-8 lakhs per annum. 

One can pursue an MBA in Data Science, but if you have done an MBA in Information Technology, you can enroll for this course after completing your MBA degree. 

6. CPIM: Certified in Production and Inventory Management 

If you are planning to explore a supply chain management course after MBA, this is one of the best courses you think of. CPIM is a globally acclaimed certification course offered by APIC. This CPIM certification course will be enhancing your professional value, increasing your pay scale, and providing a career advantage over others. 

In this course, you will learn new terminologies, concepts, strategies related to procurement, demand management, supplier planning, MRP, capacity requirement planning, sales, supplier relationship, etc. 

If you want to enroll in this course, there are no minimum eligibility criteria; you need an undergraduate degree. 

If you are interested in the internal supply chain, you can enroll yourself in this course without any second thought. Once you successfully complete this course, you can work as a Supply chain manager, Supply chain analyst, ERP consultant, SAP consultant, Purchasing manager, Inventory manager, and Materials manager.

7. Doctor of Business Management 

If you are interested in business research and theories and want to explore the practical world, then this is the right opportunity for you. The fundamental focus of a Doctor of Business Management is to provide you with the skills which will help you to convert theory to practice. DBA is a program that you can complete in a time period of three to six years. A degree in MBA and a few years of experience is all that you need to enroll in this course. 

After successfully completing this course, you can work as a Consultant, Corporate executive, Economist, Professor, Entrepreneur, Assistant Manager, Logistician, Director of human resources, Administration Manager, Business Administrative executive, and Government employee. 

The average package after completion of this course will range somewhere between 5-8 lakhs annually. 

8. Ph.D. in Management 

Ph.D. is a degree that emphasizes research. A Ph.D. degree in management will help you learn the fundamentals of business management and add up the skills in your resume which is in demand in the industry. 

The basic core of this course is to understand the business change and challenges in every environment. Monitoring, Leading, Planning, Controlling, and Organizing are areas where you will find your presence while completing this course.

The average course duration ranges between 4-5 years. The average salary you can expect after completion of this course is somewhere around 8 lakhs per annum. 

Conclusion 

These were the most in-demand MBA courses which you can choose once you complete your MBA. The only thing you should keep in mind before enrolling in any of these courses is, that you will have to invest your time and finances. Plan out your goals and career requirements before enrolling in any of these courses.