Best Courses After MBA and Career Options

Pursuing MBA opens up many gates for career growth. Many students think of upskilling to enhance one’s resume. Shiksha brings you an account on the best courses after MBA. Read below to know more.

MBA is one of the most sought-after degrees and is considered essential for a rewarding career. The pursuit of a Master of Business Administration (MBA) equips individuals with a comprehensive understanding of business principles and management strategies. Many professionals seek to enhance their skills and knowledge in order to excel further in their fields and grow in the professional world. Upon completing an MBA, many professionals seek to further refine their expertise and specialize in specific areas to meet the demands of today's dynamic business landscape.

Choosing a higher professional degree or courses after MBA opens up gates for a higher salary, a better job, enhanced skills, etc. In this article, we have shared an account of after MBA which course is best.

Best Courses After MBA

If you are one of those people who wish to explore and dive into better opportunities by pursuing the best degree after MBA options, then you can consider taking up the following courses. Read below to know after MBA which course is best:

Financial Risk Management (FRM)

Financial Risk Management (FRM) is a specialized course within the broader realm of the finance field that focuses on identifying, assessing and mitigating various types of risks that can impact the financial stability and performance of organisations. It involves the application of quantitative analysis, strategic planning, and risk assessment techniques to manage potential financial losses stemming from market fluctuations, credit defaults, operational inefficiencies, and other uncertainties. Some of the key topics under the FRM course include Credit Risk, Market Risk, Operational Risk, Liquidity Risk, Interest Rate Risk, Risk Assessment Tools, Foreign Exchange Risk, and Regulatory and Compliance Considerations.

Also Read: How to Become a Certified Financial Risk Manager

Career Opportunities and Benefits

Completing the FRM course equips individuals with specialised skills that are highly valued in industries such as banking, investment management, insurance, corporate finance, and consulting. The ability to effectively manage financial risks enhances an organization's stability, resilience, and ability to make informed strategic decisions. Refer to the table below to know some of the job profiles and average salaries in India after pursuing a Financial Risk Management course:

Job Profile	Average Salary (in INR)
Risk Analyst	INR 2 LPA to INR 18.8 LPA
Credit Analyst	INR 2.2 LPA to INR 16 LPA
Risk Manager	INR 3 LPA to INR 31.3 LPA
Financial Consultant	INR 1.8 LPA to INR 18 LPA
Regulatory Compliance Officer	INR 2 LPA to INR 18 LPA

The above salary data is taken from ambitionbox.com

Also Read: Career in MBA Finance: The Challenges and Prospects Ahead

Chartered Financial Analyst Course (CFA)

The Chartered Financial Analyst (CFA) course is a globally recognised professional credential offered by the CFA Institute. It is considered one of the most prestigious and respected qualifications for investment professionals across the globe. The CFA programme is designed to provide candidates with a comprehensive understanding of investment management, financial analysis, ethics, and professional standards.

Also Read: MBA vs CFA: Which is Better?

Career Opportunities and Benefits

Another option to know after MBA which course is best is the CFA course. CFA is recognised worldwide as a symbol of expertise and professionalism in the investment management field and CFA professionals are highly sought after by employers in various sectors including asset management, investment banking, private equity, hedge funds, corporate finance, etc. Check out the table below to know some of the career opportunities for CFA graduates along with the average salary in India:

Job Profiles	Average Salary (in INR)
Portfolio Manager	INR 3 LPA to INR 37 LPA
Associate in Investment Banking	INR 2.2 LPA to INR 40 LPA
Equity Research Associate	INR 2.5 LPA to INR 27 LPA
Financial Analyst	INR 6.42 LPA to INR 12.5 LPA
Credit Analyst	INR 2.2 LPA to INR 16 LPA
Research Analyst	INR 1.8 LPA to INR 10 LPA
Equity Analyst	INR 2 LPA to INR 24 LPA

The above salary data is taken from ambitionbox.com

Also Read: Know the top 10 MBA Finance colleges in India

ISB’s Certificate Programme in Business Analytics (CBA)

The Certificate Programme in Business Analytics is offered by the prestigious Indian School of Business (ISB) and is designed to equip professionals with the skills and knowledge need to excel in the field of business analytics. It is a short-term executive programme aimed at working professionals who are interested in gaining a solid foundation in business analytics.

Career Opportunities and Benefits

The primary motive of the ISB’s Certificate Programme in Business Analytics

is to provide the students with the skills and knowledge for analyzing past business performances to make future business planning. The programme teaches business planning by using statistical methods and data. Refer to the table below to know some of the career opportunities after pursuing ISB’s Certificate Programme in Business Analytics:

Job Profile	Average Salary (in INR)
Data Analyst	INR 1.8 LPA to INR 13 LPA
Business Analyst	INR 3 LPA to INR 17 LPA
Marketing Analyst	INR 5.5 LPA
Financial Analyst	INR 6.42 LPA to INR 12.5 LPA
Operations Analyst	INR 2.4 LPA to INR 8.6 LPA
Supply Chain Analyst	INR 2.6 LPA to INR 13.3 LPA
Market Research Analyst	INR 1.6 LPA to INR 8.9 LPA
Risk Analyst	INR 2 LPA to INR 18.8 LPA
Healthcare Analyst	INR 1.5 LPA to INR 10 LPA
Consultant	INR 9.9 LPA

The above salary data is taken from ambitionbox.com

Doctor of Business Administration

The Doctor of Business Administration degree equips you with a competitive edge in the fast-paced management and business world. It also helps in the research and professional exposure one may need to aim for high-salary managerial profiles. The DBA programme is majorly designed for experienced professionals, senior executives, entrepreneurs, etc. who want to deepen their expertise by combining academic study and practical applications.

Career Opportunities and Benefits

While similar to a PhD in Business Administration, the DBA typically places a stronger emphasis on applied research and its practical implications for real-world business challenges. Many DBA courses are designed in a way that they offer plenty of networking opportunities. Refer to the table below to know some of the career options after the DBA course:

Job Profile	Average Salary (in INR)
Chief Executive Officer (CEO)	INR 12 LPA to INR 101 LPA
Chief Operating Officer (COO)	INR 13 LPA to INR 101 LPA
Chief Financial Officer (CFO)	INR 12 LPA to INR 101 LPA
Chief Strategy Officer (CSO)	INR 11 LPA
Consultant	INR 9.9 LPA
Entrepreneur	INR 1.5 LPA to INR 30 LPA
Strategic Consultant	INR 7 LPA to INR 45 LPA
International Business Manager	INR 5.8 LPA to INR 30 LPA
Program Manager	INR 5 LPA to INR 40 LPA
Director of Business Intelligence	INR 33 LPA
Director of Research and Development	INR 45 LPA
Research Scientist	INR 3 LPA to INR 18 LPA
Policy Analyst	INR 7.78 LPA
HR Strategist	INR 2.7 LPA to INR 35 LPA
Portfolio Manager	INR 3 LPA to INR 37 LPA
Global Strategy Director	INR 51 LPA

The above data is taken from ambitionbox.com

Also Read: Top MBA/PGDM in Operation Management Colleges in India

Certified Information Systems Auditor (CISA)

The globally recognised certification, Certified Information Systems Auditor (CISA), is a professional course offered by Information Systems Audit and Control Association (ISACA). The certification course is designed for individuals working in the field of information systems, auditing, control and assurance.

Career Opportunities and Benefits

CISA opens up various career opportunities in various industries including IT, Finance, Consulting Firms, government firms, etc. The course equips you with the knowledge and skills needed to identify vulnerabilities, evaluate controls, and ensure the integrity of information systems. Refer to the table below to know some of the career opportunities after the CISA course:

Job Profile	Average Salary (in INR)
IT Auditor	INR 3.8 LPA to INR 17 LPA
IT Security Analyst	INR 3 LPA to INR 14 LPA
Compliance Officer	INR 2 LPA to INR 18 LPA
Internal Auditor	INR 1.5 LPA to INR 13.9 LPA
IT Governance Specialist	INR 5 LPA to INR 35 LPA
Business Continuity Manager	INR 8.8 LPA
Cyber Security Consultant	INR 3.6 LPA to INR 25 LPA

The above salary data is taken from ambitionbox.com

Fellow Programme in Management from IIMs

The Fellow Programme in Management (FPM) is a prestigious doctoral-level programme offered by the Indian Institutes of Management (IIMs) in India. It is designed to groom individuals for careers in research, academia, and leadership roles in various sectors. The FPM programme is the equivalent of a PhD in Management and focuses on developing advanced research skills and contributing to the body of knowledge in the field of management. Admission to FPM programmes is highly competitive and typically requires a strong academic background, a compelling research proposal, and performance in admission tests or interviews. Each IIM may have specific requirements and areas of research expertise. Aspiring candidates should thoroughly research the FPM programmes offered by different Indian Institutes of Management (IIMs) to find the best fit for their research interests and career goals.

Career Opportunities and Benefits

Fellow Programme in Management is a long-term course. The primary focus of FPM is to foster research excellence in the field of management. The course often encourages interdisciplinary research, allowing the students to explore connections between management and other fields such as economics, sociology, psychology and technology. Refer to the table below to know some of the career opportunities after the FPM course:

Job Profile	Average Salary (in INR)
Research Scholar	INR 1.2 LPA to INR 9 LPA
Professor	INR 1.3 LPA to INR 35 LPA
Research Scientist	INR 3 LPA to INR 18 LPA
Data Scientist	INR 3.8 LPA to INR 28 LPA
CSO	INR 11 LPA
Business Writer	INR 2.8 LPA to INR 12.5 LPA

The above salary data is taken from ambitionbox.com

Completing an MBA lays a strong foundation for career growth in the management and business administration world, but the journey doesn't end there. By carefully selecting specialised courses tailored to their career aspirations, MBA graduates can amplify their skill sets, stay ahead of industry trends, and remain adaptable in an ever-evolving business environment. Whether honing financial prowess, mastering data analytics, or fostering entrepreneurial ambitions, these post-MBA courses serve as catalysts for continuous learning, professional growth, and sustained success in the dynamic world of business.

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