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MBA after Hotel Management: Scope and Career Path

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Kamaldeep

15 March, 2024

MBA after Hotel Management: Scope and Career Path

Master in Business Administration(MBA) is one of the top postgraduate courses in India pursued by students. It is solely because students from any stream can join and complete this course. Due to the versatility and different specifications involved in an MBA programme, students from streams like science, arts, hotel management, event management and many more have taken a deep interest in making a career in it.

Thus, Amish Tripathi rightly said “I loved history in my school days, and I have always been a voracious reader. But in India, you end up doing MBA, engineering or medicine.”

Why Should a Hotel Management Graduate Pursue MBA?

Completing a post-graduation in MBA will open great opportunities for you in various other domains. Though hotel management, travel or tourism, or hospitality management in itself has wide opportunities, adding an MBA to your resume will provide high job security and better growth prospects. MBA will not only lead to a higher package but will also help in developing key skills which are required in every sphere of life.

salary

Source: Coursera

Furthermore, hotel management graduates looking to become entrepreneurs or start their own hotel chains must complete an MBA degree, as it will provide you with a management skill set which is a necessary requisite when starting your own company.

People who want to see themselves at the top of the corporate ladder should also pursue MBA, as it will widen their professional network and provide them with leadership skills which are required for important managerial roles in any industry.

As Amit Kalantri once said,

“In the business people with expertise, experience and evidence will make more profitable decisions than people with instinct, intuition, and imagination.”

Benefits of Doing an MBA after Hotel Management

Completing an MBA programme after Hotel Management can prove to be beneficial in several ways from career to skills. Here we have listed a few inherent benefits:

1. Networking

Earning an MBA makes you part of the professional network of people who have completed their MBA. This broader community helps in providing greater opportunities for building relationships which can provide a career boost. Cesar Aya who graduated with an MBA from Business School at the University of Oxford in 2008 mentions in an interview with BB (Business Because), how he could cope with the global financial crisis because of the strong MBA network, which helped him in taking his career forward.

2. Soft Skill Development

The course will not only improve hard skills which are theoretical but will also improve soft skills like communication, leadership, etc. These soft skills are important to build a successful career in MBA as they will improve your problem-solving skills, provide you with a positive attitude, and will push you towards teamwork.

Read Also: What is Upskilling and why is it essential to grow?

3. Greater Career Opportunities

An MBA is required in every industry from retail to manufacturing thus completing it will help you in climbing the corporate ladder along with salary and growth. Bharat S Raj who completed his PDGM course at the Great Lakes Institute of Management in Chennai mentions how the programme helped him grow professionally and paved the way for a long-term career prospect.

4. Fosters Critical Thinking

It will not only improve your management skills but also your critical thinking skills which are demanded in every industry. It helps you to give logical reasoning for your idea and solve problems in a more efficient day. Gone is the era of the 1980s when manual working on machines was considered the best form of labour, with the advent of technology the human mind is considered the best provider of services.

5. Developing Entrepreneurial Skills

When it comes down to starting your own business or start-up, MBA is the most preferred degree among people. Uday Kotak completed his MBA from Jamnalal Bajaj Institute of Management and then went on to establish Kotak Mahindra Bank. Bhavish Aggarwal completed his MBA from the Indian School of Business and then founded OLA in 2010.

Read Also: Does getting an MBA Make You a Better Entrepreneur?

Eligibility Criteria to Pursue MBA

To enrol in MBA courses you must fulfil the following criteria:

  • You must have completed a bachelor’s degree of 3 years from any stream with a minimum of 50% marks.
  • To enrol in a reputed management institute, you will have to clear MBA entrance exams like CAT, MAT, XAT, IPMAT, etc. Few universities and colleges also have their own entrance exams where admission is based on merit.
  • You must also have good presentation and communication skills as few universities also take interviews and group discussion sessions even after clearing the entrance exams.
  • Previous internship or work experience also proves to be an added advantage. However, these are just added advantages and not necessary.

Best MBA Courses for Hotel Management Graduates

Although a hotel management graduate can pursue MBA from any specialisation. However, pursuing it in these specialisations can provide a great career boost:

Hospitality Management General Management Event Management
Human Resource Marketing International Business
Tourism & Travels Finance Product Management

Top Institutes Offering MBA Courses

Picking top universities and colleges is as important as doing MBA itself. This is because top colleges attract good placements along with higher packages. These are just like brand names which will be associated with you for a lifetime.

Top institutes in India that provide MBA courses to hotel management graduates with their fee structures are listed below:

Name of the College Fee
Xavier Institute of Management, XIMB Bhubaneswar ₹ 20.80 lakh
TAPMI- Manipal ₹ 16.90 lakh
Symbiosis Institute of Business Management- Bangalore ₹ 14.70 lakh
IIM Ahmedabad ₹ 24.61 lakh

Top Job Roles for MBA after Hotel Management

Here, we have listed a few job roles you can get after completing your MBA. They are-

JOB ROLE AVERAGE SALARY
Operations Analyst ₹ 4 LPA
Investment Banker ₹ 6 LPA
Finance Manager ₹ 7 LPA
Business Intelligence Analyst ₹ 7.2 LPA
Assistant sales manager ₹ 4.9 LPA
Product Manager ₹ 8 LPA
Chief Technology Officer ₹ 8 LPA
Chief Financial Officer ₹ 9 LPA

Source- Indeed

Top Recruiters for Hotel Management Graduates with an MBA Degree

For a Hotel Management graduate who has completed an MBA course in hospitality, travel & tourism, or hotel management, industries such as hotels and resorts are the top recruiters. Please refer to the table below for top recruiters in the hospitality industry:

Taj Group of Hotels Leela Group Oberoi Group of Hotel
ITC Welcome Group J.P. Hotels Shangri-La
Jaypee Group of Hotels Radisson Clark Group of Hotels.
Le Meridien Hilton Asian Hotels(Hyatt Group)

However, if you have done an MBA in other specialisations like finance or human resource, then the top recruiters are:

Amazon Google BCG
Deloitte Accenture Microsoft
Morgan Stanley Cognizant Wipro
Reliance TCS Goldman Sachs

Takeaway

Pursuing MBA after graduation in hotel management is a good career option as its impact will go beyond your professional career. It will sharpen your strategic thinking abilities, improve your leadership qualities, and will motivate you to make better-informed decisions not only in business but in life as well.

Though it will take a lot of time, money, and effort, the end results will always be worth it. Because, unlike specialised courses which focus on one niche, MBA is a diversified course which will provide you with a holistic experience.


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