MBA Opportunities in Operations Management!!

MBA@MIT

Wondering Why to do MBA in Production and Operations Management from MIT?

Here are some of the Job opportunities:

Any candidate planning to take a professional degree in MBA Operations must consider the following questions:

• What are the Opportunities of MBA in Production and Operations Management?
• How much is the scope in MBA in Production and Operations Management?
• What after MBA@ MIT in Production and Operations Management?

If you think that there is no scope of MBA Operations managers in this age of recession! Think again!

Operations management is a business subject that deals with ensuring products are obtained in the most efficient, cost-effective manner while meeting customer standards. There are a number of possible career paths for operations management MBA grads. Operations management MBA programs are designed to help students earn the qualifications required to work as an executive overseeing company operations. In addition to the core classes typically associated with a Master of Business Administration (MBA), the operations management concentration may include courses in quality, supply chain, global operations and project management, operations planning and service operations strategy.

 Career options after MBA Operation from MBA@MIT:

Let us briefly look at the scope of MBA Operations in the context of industries;

v  Supply Chain Manager:  Individuals working in managing supply chains may be called purchasing agents, buyers or purchasing managers. Their job entails buying services and goods for the company or organization that employs them. It is their job to find the best products for the lowest price. They must be knowledgeable about various suppliers, both domestic and foreign, and the factors that may affect supply. They usually are experienced in a particular type of merchandise and know how to analyze the buying preferences of customers. With the rise in E-commerce there has been abundant demand for supply chain managers in the companies like Amazon, Flipkart, Dominos etc.

v   Logistics Manager: Logistics and distribution managers organize the storage and distribution of goods. In this role you would ensure the right products are delivered to the right location on time and at a good cost. You may be involved in transportation, stock control, warehousing and monitoring the flow of goods. A logistics manager works with the departments of purchasing, marketing and manufacturing to implement and manage supply chains (both export and import) that are cost-effective. Logistics is an increasingly prevalent term in business. It’s about getting the product to the customer in the most efficient, timely and cost effective manner. Transport and logistics managers play a key role in fulfilling manufacturers’ promises to their customers and in meeting those customers’ expectations. They are responsible for managing the execution, direction, and coordination of all transportation matters within the organization. This includes managing budgets, organizing schedules & routes, ensuring that vehicles are safe and meet legal requirements, and making sure that drivers are aware of their duties. The management of this supply chain is now recognized as one of the most important factors in making companies efficient and competitive in today’s global economy.

v  Retail Manager: The various processes which help the customers to procure the desired merchandise from the retail stores for their end use refer to retail management. Retail management includes all the steps required to bring the customers into the store and fulfill their buying needs. Retail management makes shopping a pleasurable experience and ensures the customers leave the store with a smile. In simpler words, retail management helps customers shop without any difficulty. SAM wanted to gift his wife a nice watch on her birthday. He went to the nearby store to check out few options. The retailer took almost an hour to find the watches. This irritated Sam and he vowed not to visit the store again.-An example of poor management. You just can’t afford to make the customer wait for long. The merchandise needs to be well organized to avoid unnecessary searching. Such situations are common in mom and pop stores (kirana stores). One can never enjoy shopping at such stores.

v  Purchase Manager:  A purchasing manager buys products for organizations to use or resell. They evaluate suppliers, negotiate contracts, review product quality, and often supervise purchasing agents and buyers. In smaller companies, the purchasing manager may also act as the agent or buyer. Purchasing managers are responsible for buying the best quality equipment, goods and services for a company or organization at the most competitive prices. They work in a wide range of sectors for many different organizations. The purchasing manager oversees supply chain management and procurement, possibly on a worldwide scale. They need to be good at negotiating, networking and dealing with numbers, as well as dealing with other factors such as sustainability, risk management and ethical issues. Purchasing and supply management is an important role for any business or organization. More than two thirds of revenue can be spent on buying the company's products or services, meaning the purchasing manager can make a real difference in cost saving and profit.

 

  v Chief Operating officer: A chief operating officer (COO), also called the chief operations officer, is a position that can be one of the highest-ranking executive positions in an organization, comprising part of the "C-Suite". The COO is responsible for the daily operation of the company, and routinely reports to the highest ranking executive, usually the chief executive officer (CEO). The COO is usually the second in command at the firm, especially if the highest ranking executive is the Chairman and CEO. Unlike other C-Suite positions, which tend to be defined according to commonly designated responsibilities across most companies, the COO Job tends to be defined in relation to the specific CEO with whom he/she works, given the close working relationship of these two individuals. In many ways, the selection of a COO is similar to the selection of a Vice President of the organization: the role (including the power and responsibilities therein) can vary dramatically, depending on the style and needs of the President. Thus, the COO role is highly contingent and situational, as the role changes from company to company and even from CEO to successor CEO within the same company.

v   Inventory Control Manager: It is the job of an inventory control manager to create, perfect and put in place plans that minimize costs associated with inventory but meet customer service expectations. They oversee the systems used for inventory management as well as any actual, physical inventory processes. They are responsible for inventory quality and the flow of inventory through the system.

MBA Opportunities in Finance!!!

MBA@MIT

Wondering Why to do MBA in Finance from MIT?

Here are some of the Job opportunities:

Any candidate planning to take a professional degree in MBA Finance must consider the following questions:

• What is the scope of MBA Finance?
• How much is the salary in MBA Finance?
• What after MBA@ MIT in Finance?

If you think that there is no scope of MBA Finance managers in this age of recession! Think again!

MBA in Finance is one of the most coveted specializations in Finance; ample numbers of students are looking to make their career in the finance field. The reason behind this magnetism of finance is the career options offered by this specialization. An MBA Finance degree is a two years program imparts knowledge in the subjects like Investment Management, Taxation and Tax Planning, Corporate Valuation, International Finance, Management Control System, Insurance Management, Financial Statement Reporting and Analysis and Management of Financial Services.

Career options after Finance from MBA@MIT:

Let us briefly look at the scope of MBA Finance in the context of industries;

v Financial Analyst:  Financial analysts help investors decide where to put their wealth. With specialized knowledge in accounting, finance, capital markets, and investment strategies, these professionals can help you reap good returns on your investments. For instance, an equity analyst working for a knowledge process outsourcing firm does primary research by talking to industry experts, and regulatory bodies to write reports for their clients.

v Financial risk manager: Risk Management involves assessing and quantifying business risks and then taking measures to control or prevent them. Usually, Risk Management is part of the compliance function, but it may also be part of specific business units such as securities trading desks or loan origination departments.

v  Credit Analyst: After MBA in finance one can open employment possibilities as a Credit analyst. A credit analyst evaluates clients’ financial information to figure out their creditworthiness. S/he analyses financial information from various sources (company balance sheets, news reports, etc) and assesses the risk of issuing credit to the client. These professionals are mostly employed in corporate lending arms of banks, investment banks, credit rating agencies, financial institutions, mutual fund houses, and private equity firms.

v  Investment Banker: An investment banker is an individual who works in a financial institution that is in the business primarily of raising capital for companies, governments and other entities, or who works in a large bank's division that is involved with these activities, often called an investment bank.

v  Accounting Manager: Accounting Management (Business) is the practical application of management techniques to control and report on the financial health of the organization. This involves the analysis, planning, implementation, and control of programs designed to provide financial data reporting for managerial decision making.

v  Chief Financial Officer:

The chief financial officer (CFO) or chief financial and operating officer (CFOO) is a corporate officer primarily responsible for managing the financial risks of the corporation. This officer is also responsible for financial planning and record-keeping, as well as financial reporting to higher management. However this will require certain years of experience in the field.

A key fact: Most CFOs have been known to start their careers in some form of financial planning role – so if you plan to work your way up there, this functional skill is definitely an option!

v  Management consultant: Management consulting is the practice of helping organizations to improve their performance, operating primarily through the analysis of existing organizational problems and the development of plans for improvement. Salaries initially tend to be on par with industry standard – but once you have gain expertise and experience, higher payouts are in for sure!

v  Wealth Manager: Wealth management is a high-level professional service that combines financial/investment advice, accounting/tax services, retirement planning and legal/estate planning for one fee.

MBA Human Resource Management (HR) Opportunities!!

MBA@MIT

Wondering Why to do MBA in Human Resource Management from MIT?

Here are some of the Job opportunities:

Any candidate planning to take a professional degree in MBA HR must consider the following questions:

• What are the Opportunities of MBA in Human Resource Management?
• How much is the scope in MBA in Human Resource Management?
• What after MBA@ MIT in Human Resource Management?

If you think that there is no scope of MBA HR managers in this age of recession! Think again!

MBA in HR is one of the most coveted specializations in Finance; ample numbers of students are looking to make their career in the field of Human Resource Management. The reason behind this magnetism of HRM is the career options offered by this specialization. MBA in HRM allows the students to develop the general management skills in the first year and the learning about human resource practices in the second year.

In the curriculum of the course, the students are taught about the strategic management, human resource development and legal aspect management. The students are taught about the cultural, social and economic factors that influence employees’ relation.

Career options after HRM from MBA@MIT:

Let us briefly look at the scope of MBA HR in the context of industries;

v  Human Resources Manager:  Human resources managers get the benefit of person-to-person interaction, helping employees directly. HR managers coordinate and plan HR activities, then manage them once executed. This may involve guiding employees through the hiring process, benefits programs, training, labor disputes, and other administrative needs important to workers within a company. HR managers, unlike the people above them, have a direct influence and positive impact on the people in a company. For people who are satisfied when they are helping others, this leads to great social benefit, human connection and the satisfaction of having a real impact on your fellow human beings.

v  Training & Development Manager: Training and development managers help employees improve their skill sets and careers. They do this by training employees in specially-held classes, workshops, conferences and other kinds of gatherings. Training and development managers are also sometimes in charge of designing the most effective coursework for employees, given the content that their employer wants to emphasize, while keeping training sessions entertaining and informative. If you like standing up in front of people and helping them learn and improve their lives, this career path is a very fulfilling one.

v Executive Recruiter:  If you’re good with people and building relationships, a position as an executive recruiter could be one of the most lucrative ways to make friends. Executive recruiters are tasked with finding and filling job openings for senior executives, the so-called C-level executives including CEOs, as well as people in vice president positions. Executive recruiters generally get paid on retainers or paid in full after they have filled a position, and because companies are so interested in finding good senior talent, these fees can be quite high. This is where the making friends part also comes in. Executive recruiters want to build such solid relationships with companies that when an opening occurs, those companies call them first, at which point they launch their executive search, contacting other contacts in other companies—potential executives to fill that position—and trying to see if they’re interested. Because this field is so lucrative, it’s very competitive, so having a so-called Type A personality also helps.

v Chief HR Officer:  The Chief HR Officer and, one tier below that, the Vice President of Human Resources each on average make more than $200,000 per year. These executive positions require an individual to devise an HR strategy for the company, including policies, systems and goals. Every aspect of a human resources department, beginning with recruiting and moving through contract signings, training and development, benefits, and more run through the CHRO (Chief HR Officer) or, if the company does not have such a position, the Vice President of HR. With 10-20 years’ worth of experience and a proven track record of human resources success, the HR executive can have a satisfying and, above all, well-paying career.

v        HR consultant: These days, companies are growing increasingly complicated, and human resources departments are no exception. Enter the human resources consultant, an offshoot of the management consultant who charges companies a high hourly rate to impart much-needed services. Human resources consultants may specialize in a variety of fields, including benefits, employee incentives and rewards programs, company culture after mergers and acquisitions, employee motivation, retirement plans, recruiting and even the outsourcing of any of the many functions of an HR department. This high-level individual assesses a company’s current situation and offers and helps deploy systemic recommendations that will get the company to its desired goal. The HR consultant, meanwhile, gets to choose whom he or she works with, when that work is completed, and what to charge. It is the HR path where freedom meets money.

v   Employee Education Consultant: Employee education consultants do similar tasks as training and development managers—that is, they hold workshops, classes and conferences aimed at increasing employees’ skill sets and knowledge—but without the full-time commitment. Companies hire them on a contract or retainer basis to help improve their employees’ skills. This means that the companies hiring such consultants are already interested in keeping their employees well-trained and happy, so they tend to be welcoming places to work at. The consultants work in an accommodating environment and employees are interested in what they have to say. In addition, training and education consultants can set their own hours and choose their clients. If an education and training consultant only wants to work six months out of the year, she can. Such freedom makes this job a fantastic choice for anyone who both loves to teach and train and wants independence in their position.

MBA Marketing Opportunities

MBA@MIT

Wondering Why to do MBA in Marketing from MIT?

Here are some of the Job opportunities:

Any candidate planning to take a professional degree in MBA Marketing must consider the following questions:

• What is the scope of MBA marketing?
• How much is the salary in MBA marketing?
• What after MBA@ MIT in Marketing?

If you think that there is no scope of MBA marketing managers in this age of recession! Think again! In these tough times the crying demand of the companies is to increase their sales even more, thus, the scope of MBA marketing only becomes more critical and vital for the survival of the organization. Thus, there is always a good scope of MBA Marketing even during the times of recession, although an MBA marketing salary at present might be seemingly lower than during boom times.

Career options after Marketing from MBA@MIT:

Let us briefly look at the scope of MBA marketing in the context of industries; and the boom of social Media like Facebook, Whatsapp, Skype.

However one can develop a career in traditional sectors ranging from FMCG, Retail, Tourism, Banking, Hospitality, IT and ITeS, Media, PR & Advertising, Consultancy, Market Research etc. Let us briefly look into the different job profiles a candidate can expect after MBA in marketing.

v  Marketing Manager: The marketing manager’s responsibilities focus on servicing and managing an ongoing relationship with existing customers. He utilizes his skills in international marketing, customer satisfaction and retention, market strategy, and emerging technologies. This position requires intensive knowledge of market research and customer management. 

Brand manager: The scope of MBA marketing graduate in Brand management is that he/she is responsible for promotion and positioning activities that include advertising, media, market research activities such as collecting the information about area of consumers, display brand at target place and the like.

v  Market research analyst: After MBA in marketing can open employment possibilities as a Market research analyst. Such professionals devise methods and procedures for obtaining the data they need. He is responsible for design, implementation and analysis market and provides support for the development of business strategies and plans for contributing to the business. They design telephone, mail or internet surveys to assess consumer preferences, conduct surveys as personal interviews, going door-to-door, lead focus group discussions, or setting up booths in public places such as shopping malls, analyze data on past sales to predict future sales.

v  Sales Manager: A sales manager is responsible for a multitude of activities like providing effective customer service and Monitoring Schemes in retail trade and distributors and reporting competitor activity, assessing and fixing sales targets, developing and monitoring business development and the like. They appoint distributors and plan sales outlets. The candidates who opt for a sales profile after MBA in marketing require a knack for customer focus and a genuine interest in the problems of customers.

  v  Media Planning: It forms an important component of marketing strategy of any organization. Media Planning involves designing a plan that shows how advertising time and space in selected media and which vehicles contribute to the achievement of marketing objectives in an advertising campaign. It is a tool that allows the advertiser to select the most appropriate media to communicate the message in sufficient frequency towards the maximum number of potential customers at the lowest cost.

v   Product Management: A product manager is responsible for the profitability and market growth of a product line. They typically coordinate and oversee a number of diverse divisions of a corporation to ensure the efficient and timely flow of a product to market. The scope of MBA marketing for is significant as many are often promoted as Director or Manager of a group of products or as Vice President (VP) of marketing.

v  Internet Marketing: This is among the hottest career options for MBA-marketing graduates. Internet marketing has grown to be a massive field worldwide with tremendous opportunities for those who seek to grow in this field. Openings in account management, client relations with internet marketing firms are obvious entry points. Candidates are also finding a great amount of openings in vendor management functions of corporations where the key task to select and manage the entire spectrum of internet marketing service providers. For those who still want to delve deeper into this field, working on internet marketing projects comes recommended – there’s a lot to choose from: Social media marketing, pay-per-click (PPC) search engine marketing, search engine optimization (SEO), web content writing, article and press release writing and gradually (and with diverse exposure) quickly rising as the Head of Digital Marketing! Salaries initially tend to be on par with industry standard – but once you have gain expertise and experience, higher payouts are in for sure!

A key fact: Most CEOs have been known to start their careers in some form of sales or marketing role – so if you plan to work your way up there, this functional skill is an option!