Businesses around the world are increasingly using technology to cut cost, beat competition and offer more value to customers. It has become more than a necessity to make your company’s presence online so that you may deliver your products, knowledge and expertise online. More recently, people are shifting from computer systems to mobile.
In a world where, technology has become so much important, it would require skilled people not only to develop it, but to plan, sell and manage businesses of technology. Here comes the role of MBA graduates specializing in Information Technology. It is recent most addition to list of specialization in MBA, a few decade back and has been attracting talented bunch of students in large number. .
Studying an MBA in Information Technology opens up huge opportunity for you to work in Information Technology domain of different firms (in different field) and booming technology firms of India. It sector in India has been witnessing over 20% growth in last decade and there is no sign of any slow down. It has been exporting software valuing over $ 120 billion in FY 2015, making it largest exporting industry in India. It has generated employment opportunities for over 20 million Indians directly and much more indirectly. If you want to be part of a growing industry and love challenges, MBA in Information Technology is right for you. It will allow you to combine your business expertise with passion for technology, resulting in high growth career in information management or the information technology industry.
On other hand, if you are an IT professional and want to fast track your career by promotions or switch domains from software development to finance, marketing or operations, MBA in IT is made for you.
Let us discuss different aspects of MBA in Informational Technology in details:
MBA in IT will cover the general management papers in first year of study and specialized IT papers in second year. In second year papers would be about Business Development and Technical Papers of IT. The course intends to make you a business professional with sound knowledge and experience of various aspects of IT Industry. You can expect following papers in second year of MBA-IT:
- I T in Business Management
- I T its Core Concepts and Issues
- Development of Information System
- Project Management
- System Development Project Management
- Information System Strategy
- Telecommunication Management
- IT Management Issues
- IT Risk and Management
Admission to MBA-IT takes place like any other MBA. One should appear for B Schools entrance examinations like CAT, XAT, CMAT, NMAT, SNAP etc. Colleges declare cut off for interview and call short listed students for group discussion and interview. Final selection is done on basis of score obtained in each of them. Reputed colleges for MBA IT in India are: Symbiosis Institute of Business Management (SIBM) Pune, Narsee Monjee Institute of Management Science (NMIMS) Mumbai, S P Jain Mumbai, MDI Gurgaon, Jamnalal Bajaj Institute of Management Studies (JBIMS) Mumbai, Goa Institute of Management etc.
IT Managers have huge opportunities to work in IT domain of any big company or directly in technology firms. Indian IT giants like TCS, Infosys, WIPRO, Tech Mahindra, HCL Technologies etc. hire MBA IT from top Indian B Schools for business development roles and offer attractive entry level salary. Foreign companies like Accenture, Capgemeni, SAP, HP, Cognizant etc also recruit MBA IT graduates. The role of IT Manager includes planning, strategizing and implementing new software and IT projects. Many managers are also given responsibility to directly interact with foreign clients to understand their requirements and specifications over a project and many are absorbed under Business Development role.
Post and Salary varies as per one’s experience and expertise gained in industry.
The MBA IT graduates are given a variety of job roles. Some of them are mentioned as below:
- Project Manager
- Business Development Manager/Executive
- Product Manager
- Marketing Manager
- Analytics Manager
- System Manager
- Data Processing Manager
- Business Analyst
- IT Manager
- IT Consultant
As discussed previously, India is one of the best places for MBA IT Graduates, simply because India is hub of many IT MNCs and job opportunities in cities like Bangalore, Chennai, Hyderabad, Pune, Noida, Gurgaon etc are huge. If one has previous IT work experience and MBA IT, they are directly hired by companies as entry level managers, usually called Business Analyst. In case of campus placements at B Schools too, these companies recruit students with IT background (B. Tech in CSE/IT, BCA, MCA, B.Sc-IT and others) and offer entry level managerial role with handsome salary. Payscale, a salary comparison portal states
Entry level IT Manager salary at about Rs. 5 lakhs, which is actually more than any other MBA specialisations’ starting salary. Good part of IT industry is one can expect a salary hike of over about 6% per year in the industry and opportunities in the industry is expected to grow at same rate as Industry will continue growing at rate of about 15% per annum.