The go-to industries for MBAs to work for in 2020
With changing markets in the COVID scenario, it is imperative to make even wiser decisions. Industry choice has become as important as the domain choice for MBAs. With the placement season in full swings, let’s find out top industries that take MBAs and offer great packages. Also, get insights on how the industry is performing, what are the buzz profiles and who are the top players of that street.
Asset Management
While the banking sector might be in stress, the Asset Management Companies (AMC) happen to be a great start for MBA students. The job roles revolve around customer acquisition, asset research, execution and monitoring.
The industry size of Assets under Management is expected to grow to USD 700 Billion by 2025. With increasing financial inclusion, AMCs are expected to grow at good rates. The top players in the market by share and capitalisation are SBI, HDFC, ICICI Prudential and Aditya Birla Sun Life.
E-Commerce
With the splurge in online shopping trends with social distancing norms, E-Commerce becomes a lucrative career option. A recent study by Mint Research, Technopak Advisors and RAI estimate gross merchandise value of USD 7 Billion in 2020 festive sales as opposed to USD 3.8 Billion in 2019.
Although E-Commerce has just a 4% retail market size, it is expected that 50mn customers will try e-tail for the first time in 2020. All these figures point to bullish growth for the E-Commerce business. The top players in the market by share are Flipkart, Amazon India and Paytm which have created a buzz in B-Schools for Product Management roles.
FMCG
The industry turned out to be a shining star in the lockdown. With consumer resetting and prioritising other needs, FMCG had only a little impact from the pandemic and is expected to be growing at a CAGR of 23.15% till 2021.
The top players in the market by share are HUL, ITC, Nestle and Britannia which have a favourite spot in MBA students’ hearts for their Management Trainee hiring at B-Schools.
Healthcare
The importance of the healthcare industry is at an all-time high in this time of health crisis. As they say that health is wealth, a career in health can help you garner wealth as well. The Healthcare sector is expected to grow from USD 160 Billion to USD 372 Billion between 2017-2022.
With a rise in focus on telemedicine and AI applications to bridge geographical boundaries, this sector is expected to be the next boom and making a career here can be extremely gratifying.
IT & ITeS
The Indian IT industry stood at USD 177 Billion by market size contributing USD 136 Billion in exports in FY19. It is expected to grow to USD 350 Billion by 2025 With buzz with emerging technologies like AI, ML, Cloud Computing and blockchain, this sector remains an attractive avenue
Work from home culture has boosted growth opportunities in this industry. TCS, Infosys, HCL and Wipro remain top players in the IT and ITeS sector.
Oil and Gas
With India’s energy demand expected to double to 1516 Mtoe by 2035, Oil and Gas looks a good bet to make a career in. The industry is expected to boom especially in India growing at CAGR ~4% as against the worldwide estimate of CAGR ~1% over 18 years.
IOCL, BPCL, Reliance and ONGC remain top players in this segment which can be considered for an interesting career option in India.
Retail
The industry size of the Indian retail sector is valued at close to INR 70 lakh crores which is expected to reach INR 120 lakh crores with a growth of 11% CAGR for the period 2019 to 2026. Such bullish trends make scope for a great sail down the stream.
Retail accounts for 8% of India’s employment share and contributes 10% to GDP. The major players in the market are Aditya Birla Fashion, Trent, Avenue Supermart and Future Retail.
Telecom
India being the 2nd largest telecom network subscriber base globally is definitely an interesting industry to work for. With an increase of 6.5 Crore/year in data usage at the highest data usage per smartphone with an average usage of 9.8 GB per month, the telecom industry has a lot of interesting roles to offer for MBA graduates.
With a consolidated market, there are three major players in the telecom sector for Reliance Jio, Bharti Airtel and Vodafone Idea.
With placement season in full swings, hope this helps in choosing the industry and can be helpful in the interview preparation. We wish all MBA students all the best for placements!
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