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MBA in Information Technology (IT): Career Options & Prospects

Jul 25, 2018 11:58 IST
    MBA in Information Technology (IT): Career Options & Prospects
    MBA in Information Technology (IT): Career Options & Prospects

    The shift towards e-commerce and the increase in the number of online set ups has generated a need of candidates who specialize in playing with the Internet and making use of the online platform to the extent of generating profits for the company. This in turn has made MBA in Information Technology, a field so lucrative that the number of candidates applying for this course has increased by almost 50%. According to a survey conducted it was found found that more and more companies are looking to recruit the candidates who can handle business and integrate technical skills into it. With the help of this specialization the gap between the executive leadership and technical performance can be bridged easily. Similar to other sectors of specialization, MBA in Information Technology also promises the aspiring candidates a career that has challenges and targets but there also exists fun and experimental approach that can make things interesting throughout.

    Why MBA in Information Technology?

    The incorporation of technology in a company’s infrastructure and introduction of online services requires professionals who can handle the traffic and generate returns for the company on the investments made. This course is beneficial for those who want an integration of policies and practices of information systems with managerial skills. MBA in Information Technology helps the students to develop core understanding in the technology-related domains like managing software development, learning about information security, telecommunications, creating and managing IT departments and controlling technological changes. It is these factors and the fast-paced digitization process that makes MBA in Information Technology a favorable domain for the graduates who have a genuine interest in coding and managing things, all at the same time.

    Scope of MBA in Information Technology

    MBA in Information Technology has a lot of scope and by acquiring the right skills you can go places. There should a unique mixture of managerial skills and the technical abilities that leads to the competitive advantage in this domain. The combination gets lethal as you get to combine your analytical, financial and accounting skills with that of the latest technological advancements. There is so much to explore vis-à-vis evaluation, leadership skills, management skills and the ways to use them together and manipulate the same as per the IT needs of the organization. You can get to grab an opportunity in the fields related to outsourcing, e-commerce, IT and ITES sector. Thus, through the course you can get yourself to explore the information technology field and your abilities to identify the best possible ways of making a career in this field. Telecommunications and data communications help you understand the global market at a much easier level than compared to those without IT. It is deemed to be a perfect fit if you are able to understand the ways in which you can make use of your knowledge and skills to attain a competitive edge over others.

    Career Options after MBA in Information Technology

    It has been projected by U.S. Bureau of Labor Statistics that there will be about 15 per cent increase in between 2010 and 2025 i.e. about 1 per cent increase every year in the number of available positions in the field of computers and information systems management. This is deemed to be faster than average and thus proves that the professionals who have a combined skill set of high-tech knowledge as well as management abilities will be preferred over those who have only one of these.

    Career Option

    Chief Technical Officer

    Chief Information Officer

    Information Technology Director

    Educational Background

    Bachelors and MBA IT

    Bachelors and MBA IT

    Bachelors and MBA IT

    Percentage of Job Opportunities

    30%

    29%

    17%

    Average Salary/annum

    Rs. 4,44,259-10,80,00

    Rs. 6,72,000- 15,00,000

    Rs. 9,87,000-20,80,000

    Source: www.payscale.com

    Some of the other opportunities and job profiles offered after a degree of MBA in Information Technology include being appointed as a Specialist in Computer Information, Manager of Information System, Management Information System Manager, Vice President of Information Technology, Chief Technology Officer, Specialist in Software Delivery, Financial Management of IT, Sourcing and Configuration Manager in the same domain.

    Pay Packages offered in MBA - IT

    IT is one of those sectors, which receives the best of the best packages across the industries. In fact, it is so easy for the MBA graduates with their specialization being IT to climb up the corporate ladder and grab the best of the offers. This is because of the combination that they flaunt. These competent offers make this a lucrative field. The number of people with MBA in IT, who are paid about INR 8,00,000-10,00,00 lakh a month, in India is as high as 10,000. This proves that even Indian companies understand the importance of an MBA candidate who is specialized in IT. The foreign companies offer pay packages as high as $100,000-$250,000 per annum, depending on the designation of the employee. Though there exists a stiff competition as against the candidates with master in Information Technology, yet the managerial skills and the requirement of an understanding of the business aspects make the place and choice of MBA IT student’s primary in nature.

    Top Universities

    Due to the increasing popularity of the course there are several universities that have invested in the course so as to provide quality education and prepare future IT managers. Some of the popular Indian universities providing the course include:

    • Indian Institute of Management, Bangalore
    • Indian Institute of Management, Ahmedabad
    •  Department of Management Studies, Indian Institute of Technology, Delhi
    • XLRI- Xavier School of Management, Jamshedpur
    • Management Development Institute, Gurgaon
    • SP Jain Institute of Management and Research, Mumbai

    There are several universities across the borders that provide a competent course in the field of Information Technology include:

    • University of Central Missouri
    • KAIST College of Business
    • Schiller International University
    • Boise State University College of Business & Economics
    • Liverpool Hope University
    • North Central University
    • RIVIER University
    • Zagreb School of Economics and Management

    Top Recruiters

    There are a number of national and international companies that are looking to hire competent and qualified professionals who are experts in both management as well as information technology. They also look for people who can handle the dynamic process of business environment and keep up with the advancements being achieved in the technical sector. The popular Indian recruiters are:

    • Cognizant
    • Wipro
    • Deloitte
    • HCL
    • Infosys
    • TCS
    • Polaris
    • Mphasis
    • KPMG
    • ICICI Bank
    • Amazon
    • Vodafone
    • Snapdeal
    • Accenture

    There are several foreign companies that look for individuals and their competitive skills. Here is the list:

    • Apple Inc.
    • Foxconn
    • HP Inc.
    • ESPN.com
    • ABC.com
    • Disney.com
    • Microsoft
    • IBM
    • Sony
    • Dell
    • Toshiba
    • Intel
    • Mindtree
    • Oracle

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