After getting MBA degree what are the opportunities?
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Answer:
There are four basic types of MBA in UK and you don't say which is yours, or if you are in a different country. The career outlook for each is different.
Type 1 is a conversion-Masters for graduates in unrelated disciplines such as physical sciences, human sciences (psychology, sociology and the like), and some humanities. You would nomally study this course immediately after graduation. This MBA often provides a one-year full-time crash course in essential management techniques and you would normally join a management team as a junior: assistant production manager, assistant HR manager and so on. This MBA would cost between £3000 and £8000 in fees, depending where you studied.
Type 2 is a specialisation course for business-related graduates in accounting, economics, engineering and perhaps mathematics. Quite often, this MBA may last more than one year and include an internship or work-experience element under the control of the university, and assessed as part of the programme. There is often some degree of specialisation in this MBA, in finance, human resources, production, marketing, export and so on. Again, you could study this course immediately after graduation but there will also be a high proportion of previous graduates who have 4 or 5 years experience in employment. Successful graduates would expect to join (or rejoin) companies and other organisations as managers of departments or sections, on the basis of their work experience and now the MBA. This MBA would cost between £5000 and £10000 in fees, depending where you studied.
Type 3 is a bespoke MBA, designed by a university for a particular industry or even a single company. Thus there are MBAs in health service management, banking, transport and logistics, local government, construction project management and many others. These MBAs are generally offered only to employees in the industry or company, as part of the management development programme of the employer. It would usually be studies part-time whilst in employment, and take 2 or 3 years. Your career will continue to be with that employer and be accelerated accordingly. This MBA would cost between £10000 and £20000 in fees, which would normally be paid by the employer.
Type 4 is the Executive MBA, offered only to senior managers who are expected to (hope to, plan to) become chief executives in the near future. In fact, there are often chief execs studying on these programmes. These MBAs are often not about management: they say they are about leadership and strategy. Clearly, you would not join this MBA immediately after graduation but you would need to have achieved some seniority in an organisation. Some of these MBAs require study abroad or trips to major businesses in other countries. This MBA could cost anything up to £50000 in fees and charges, depending where you studied, and may be paid by your organisation.
The Association of MBAs is a UK voluntary body that controls the quality of MBA programmes in the better universities, and their website below will give much more information about programmes, contents, costs and opportuntities.
Manager
Depends on your experience. No experience = start at the bottom. No one's going to hire you to be a manager when you don't have any kind of professional track record.
Depends on previous experience, foreign language skills, your contacts and, sometimes, your academic record.
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