MBA or Master of Business Administration is a 2-year fulltime degree that makes you savvy with all aspects of business and administration. This is an internationally recognized degree and the curriculum has been designed diligently to hone all the skills required for a great career in any sort of business. But the scope of MBA is not only limited to the business domain! As an MBA graduate, you will be welcomed with open arms and hearts to – government, public, private sector, and other prominent areas.
Many aspiring students might think that the scope and job opportunities for MBA post-COVID-19, might see a downfall but that is not the scenario at all. The present pandemic situation has shown us that besides world-class doctors, scientists, engineers, and lawyers; the world is also in need of MBA graduates. An MBA graduate knows multiple aspects of the business including Human Resource, Marketing, Sales, Finance, Analytics, Consulting and more. MBA Graduates are the best possible choice to run a business without the shadow of a doubt.
Businesses won’t stop in this pandemic as hundreds and thousands of lives are dependent on it. The scope of MBA post-COVID-19 will see an immediate boom as the HR professionals and recruiters are on a constant lookout for good MBA graduates. One of the best parts of doing an MBA is that you can directly land on a managerial role whereas other candidates who have not done MBA will take a considerable amount of time (in years) to reach such positions.
COVID-19 has adversely hit numerous sectors such as – automotive, banking; FMCG, IT, and transportation are to name a few. The IT sector has taken a strong hit as most of the clients are from the USA and they also have been badly affected due to coronavirus pandemic. As an aspiring MBA student, apart from management, decision-making, problem-solving, and communication skills, you will have to learn new skills to keep with the market. Learn virtual connectivity, networking, analytical, and team-playing skills as an addition to the aforementioned skills.
In this blog, we are going to see the scope of MBA post-COVVID-19 pandemic in India, MBA job opportunities post-COVID-19, and more. So, fasten your seat belts and let the ride begin.
Scope of MBA Degree Post Covid-19 Pandemic in India
As told earlier, there are few sectors that have been badly hit due to the coronavirus pandemic but there are also a lot of sectors that will boom post-COVID-19 scenario. Education, retail, automotive, BFSI, and IT sector are a few that will skyrocket and will demand more number of MBA graduates than ever.
For education, numerous schools, colleges, institutions, and universities have adopted online learning. This is a great alternative to a regular classroom approach but we already know that the number of admissions in college has been decreased. But post-COVID-19 more students will enroll themselves in reputed colleges so that they can continue education normally.
The same goes for the retail and automotive sectors. Nowadays, people are not buying vehicles as they know they don’t have to travel or go for any vacation trip. People are purchasing groceries from e-retail stores as they are trying their level best to maintain a healthy and safe social distancing. Post-COVID-19, most of the people that have been staying in their respective homes will come out for fresh air and will try to purchase their dream automobiles. Also, people will come out of their homes and will shop more as they have not done the same for the past several months.
The travel and tourism industry will also see boom post-COVID-19 pandemic. Myriads of professional and travel enthusiasts have locked themselves down at home as they are not able to travel. Once the situation gets normal, those people will also come out and would like to travel a lot. The travel, tourism, and hospitality industry will require more number of MBA personnel than ever as the business will demand such candidates to take over and control their respective businesses.
The scope of an MBA in India won’t cease as businesses will require MBA professionals to run and consult their respective businesses. But as the times are changing the required skillset for working in a particular industry is also changing drastically. In earlier days, there was no need that an MBA graduate has to be tech-savvy but the present scenario demands this quality as most of us are working from home.
When a candidate is working from home they have to do a lot of tasks themselves such as tech-support. You might not get assistance as you would have got during pre-COVID-19. MBA graduates have to get well-versed with webinars and online workshops to hone and develop new skills. Leadership, emotional intelligence, and adaptability to changes are a few skillsets that the industry will demand from an MBA graduate post-COVID-19 scenario.
Here are the top 5 industries that MBA graduates like to initiate their careers& prefer to work. Here, we will also see the required skillset that the following industry demands.
MBA Job Opportunities Post Covid-19
Job opportunities post-COVID-19 will see upraise. As we know, “every cloud has a silver lining” COVID-9 has shown us that we can all coexist in harmony helping each other. During this lockdown and amidst coronavirus pandemic we have got an immense opportunity to build true and long-lasting relationships and make changes in our lifestyle to boost our immunity. In present times, maintaining hygiene is no longer a good habit; it has become the need of the hour.
Also, coronavirus has shown us that we can be innovative, learn new skills, and help each other in the process. The present scenario has given an opportunity to various novel tools and software such as video conferencing software, tools required for con-call, webinars, and lot more. An opportunity to work telecommute is one of the greatest positive impacts on the lives of hundreds of thousands of people. Real estate has become comparatively cheaper in Tier-1 cities and regular education method has adapted to online education. See, everything is not so bad due to COVID-19!
Talking about these, let us see a few advantages of working from home
Now, let us see the job roles for MBA graduates in various other industries and domains
So, now you know the scope of MBA and job opportunities post-COVID-19 scenario. Remember, an MBA degree has become a vital ingredient in the recipe for success. If you are an MBA graduate no one can stop you from climbing the ladders of accomplishment. You can become a world-class leader and with your leadership quality, you can become the reason behind the success of an organization.
Particularly in case of MBA aspirants one more chance will be given by Maharashtra State Government in terms of additional MH-CET exam for aspirant MBA Students so be ready, as stated by officials.
An MBA makes you ever ready to face modern world challenges and requirements with confidence. With an MBA degree in your hand, you can come up with a real-time solution to any problem or issue thrown at you.
Why Choose ISMR Pune for MBA?
Study at ISMR B-School Pune and become a successful MBA graduate. Avail international/domestic study tours and boost your skills and knowledge with our diligently made career and industry-oriented curriculum. Take assistance from our highly experienced mentors and faculty members to solve your doubts, engage in our management development program, and skyrocket your communication skill via personality development and foreign language classes.
Land in your dream job role with our dedicated Training and Placement Cell! Get 100% training and placement assistance via mock interviews, aptitude tests, resume writing, CV-building, group discussions, presentations, and doubt-clearing sessions.