The unemployment rate in India has stayed around 3.5% for the last few years. While this is a great sign for the economy, it can make the job search for a recent Management Studies graduate more difficult as employers want you to have experience. After spending many years and plenty of money obtaining your bachelor’s or master’s degree, you may be surprised to learn that companies still want you to have experience managing people and finances before they offer you a leadership role within their organization.
At the beginning of your career, you will learn how to manage people as well as your own budget, as you will undoubtedly have to climb the financial ladder. This experience, in addition to obtaining your degree in management studies, will make you a valuable employee in the future. In this article, we will explore the options that are available to recent graduates as well as methods of creating your own opportunities.
Internships That Boost Your Career
While many recent management studies graduates would prefer to begin working immediately after graduation, it is important to consider internship opportunities as some studies suggest that an internship increases the likelihood of getting the job that you want by 13%. Companies such as Apriori Education Services Pvt. Ltd., zillions Hub Pvt. Ltd., and TransOrg Analytics are always in demand with high job opportunities. Some internships will pay no money and others will pay very little.
Initially, this seems unfair, but the experience that you will gain will help to raise your value when you do get on the job market, as well as give you the opportunity to learn and apply what you have just studied in a safe environment. In addition, many internships turn into full-time employment if you have proven to be an outstanding employee. So, pursuing an MBA in any role will be an added advantage for a graduate ready to move forward in the industry.
Finding Companies That Help You To Grow
One of the more important factors in growing professionally as well as financially, as studies show, 25% of employees are looking for a promotion. In addition to in-house promotions, they should be able to provide you with intellectual and professional growth. You can find relevant firms on websites including Intershala, letsintern, shine, and LinkedIn job search.
When you are being interviewed, be sure to ask about the growth opportunities and the path to management. If they do not offer a clear answer, they may not be the company for you.
Starting Your Own Business
According to Mumbai’s Athenta School of Management, Master students apply for three internships over two years as a minimum requirement. As a result, nearly 100% of the students were able to land jobs after graduation. However, the most difficult, yet rewarding option to obtain management experience is to start your own business. In fact, over 83% of Indians prefer to be their own boss, which is 30% higher than the global average. In this scenario, you create your own opportunities. In addition, you gain invaluable experiences that will help you in the future.