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MBA job market

During the last few years, after the recession, the MBA job market has been on constant rise and now management professionals are bestowed with a plethora of opportunities in the Indian market. Of late the recruiter trends this time around have changed from the basic manufacturing and trading to finance, consulting and technology. These three verticals have done majority of the hiring in the past few years. Students, who had some other aspirations at the start of their MBA education, have had to compromise their choices in lieu of such huge demands from these three verticals. Not that they are complaining, as the pay package in these fields are pretty dynamic as most of these consulting and IT/ITES companies have foreign funding, which makes paying good salaries a not so difficult affair for them.

Another boom, which has hit the Indian shores in the last couple of years, is the e-Commerce market. With major players like Amazon, Groupon, Flipkart, Myntra, Jabong, etc. ruling the sales market now in India, the demand from these companies for good qualified personnel is also on the rise. With a good e-commerce company employing around 350-400 employees, the scope is immense. They are even hiring freshers from campuses for the first time now.

In the MBA job market, the degree has really become a crucial factor in deciding the pay packages. In India, employees have witnessed more than 200% increase in their salary packages post an MBA degree, which is highest among any country. This clearly shows the trend of the corporates which is heavily bent in the degree’s favour.

International companies are also making a foray in the recruitment scene of India. Corporates from countries like Germany, USA, UK, Switzerland, Dubai, Italy, Singapore and Malaysia have started scouting the Indian shores for quality manpower. Many Indian institutes provide MBA degrees of international standards and this has placed them on a promising career lunching pad in these international corporates.

Another area, which is opening up to management professionals are the non-profit entities or NGOs. Many NGOs with funding from abroad are now in a position to hire MBAs and pay them decent packages. Public sector has also woken up to the potential of keeping qualified staff and are opening their doors for management graduates and more and more public sector organizations are employing MBA pass outs.

The courses and MBA programmes taken by students is also going through a grade shift. More and more students are applying for the 1 year full time or part time MBA programmes as these programmes are getting better recognition in the corporate world than before. Many students are opting for this mode of education to get a management degree as it turns out to be cheaper and easier and has recognition now.

Analytical studies have also started to form an important part of the MBA studies these days, which has helped students in procuring jobs in lesser-known areas of employment. More specialised fields have emerged as institutes are out to prove themselves as different from others and therefore are offering more specialised courses. Integration of Technology is fast gaining importance in the field of MBA education.

Sectors like Information Technology, Finance, Consulting, etc. were the main recruiters last year. 2014 on the other hand, is expected to see an upswing largely in industries like FMCG, Law and Financial Services which keeping its past record, is the leading recruiter for MBA professionals, also creating the maximum paid jobs.

So, looking at the expected development in the MBA job market, it is a perfect time for candidates to grab an MBA degree and add to their qualification.

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