Short-Term Courses After MBA to Boost Your Salary
Having an MBA offers an individual useful skills in business and management. However, in today’s job environment, emerging technologies and concepts bring about the need for lifelong learning. Professions can further develop their competencies and potential earnings by enrolling in short-term courses after an MBA for specialization in a particular field.
For those looking to learn how short-term courses after MBA can improve earnings, this blog outlines several programs that are proven to be the most useful.
The Importance of Continuing Education Post-MBA
Most professionals still look for proper courses or certifications even after an MBA in specialized disciplines like marketing, finance, leadership, business analytics, technology, or any other relevant field.
Here’s a list of some possible reasons why undertaking short-term courses proves to be helpful:
- Improved Earning Potential – Professionals with additional certifications command higher salaries.
- Competitive edge – Knowledge of the latest trends is valuable, thus making additional qualifications desirable for employers.
- Career Growth – New leadership opportunities become available after endorsing short-term courses.
- Specialized Skill Development – Helps professionals keep up with changing technology and business processes.
Let us now review some of the short-mid duration courses that one can undertake after doing their MBA which will help increase earning potential.
Highlighted Short-Term Courses after MBA With Associated Salary Scales
Financial Risk Management (FRM)
Time: 6-9 months
Target Group: Finance experts, risk evaluators, associates, bankers
Estimated Raise Potential: 30-50 % for qualified professionals
The FRM certification is an essential qualification in the worlds of banking, investments, and financial services, assisting professionals with skill areas such as advanced risk assessment, financial regulatory policies, and investment management.
Most top finance firms prefer hiring FRM-certified professionals as they possess the ability to recognize and manage financial risks.
Chartered Financial Analyst – CFA Level 1 Certification
Time: 6-12 Months
Target Group: Finance, investments, and banking industry professionals
Estimated Raise Potential: 40-60% earning increment within the finance industry
This is one of the specialized postgraduate finance courses that can be done by people with MBA’s who are interested in pursuing Specialization in Investment Management, Portfolio Analysis, and Financial Research.
Completion of the CFA Level 1 exam provides professionals with the in-demand skills needed to compete for lucrative positions in international investment firms.
Digital Marketing Certification
Time: 3-6 months Target Group: Marketers, businesspeople, marketing consultants
Estimated Raise Potential: 25-50% increase value for experts in the field of digital marketing
After the recent explosion of online business, digital marketing has also become necessary for postgrads who major in marketing, sales, and business development.
Platforms like Google Digital Garage, HubSpot, Coursera, and Udemy offer courses that come with certification for skill sets such as:
- Search Engine Optimization (SEO)
- Google Analytics
- Social Media Marketing
- Pay Per Click Advertising (PPC)
It is easier for a digitally certified marketing expert to get a job with increased pay in this era of technology and business.
Data Science and Business Analyst Certification
Duration: 4-6 months
Target Audience: Business analysts, IT personnel, data specialists
Average Salary Increment: 50%-70% increase in salary for data-driven positions
MBA graduates with an interest in delving deeper into the world of analytics can undertake courses in data science coupled with business intelligence along with machine learning.
Some of the most sought-after courses from Harvard Online include Google Data Analytics and IBM Data Science Certification teach:
- Predictive analysis
- AI Decision Making
- Statistical Process Control
- Pictorial data representation
In most cases, possessing the skill to make decisions based on analyzed data increases the remuneration for employees from consulting firms, finance and marketing.
Project Management Professional (PMP)
Timeframe: Between 6 and 9 months
Ideal For: Professionals in operations, IT, and business management
Expected Salary Increase: 35-55% increase in earnings from managing projects
The PMP certification is considered one of the best for managing projects and operations. It helps professionals to:
- Achieve optimal results in project planning and execution
- Develop effective leadership and advanced problem-solving skills
- Command senior management roles in multi-national corporations
Employers seeking experienced project managers tend to pay more for candidates who hold a PMP certification.
Certified Scrum Master (CSM) for Agile Management
Timeframe: Between 2 and 3 months
Ideal For: Professionals in IT, software, and product management
Expected Salary Increase: 30-50% increase of earnings from agile project managers
Due to the shift towards agile project management, there is a growing need for professionals with an understanding of the scrum methodology.
The CSM course is designed for MBA graduates and aims to train on:
- Frameworks for Agile development
- Management of software product lifecycle
- Team leadership in Agile settings
In tech-oriented industries, certified professionals earn higher compensation and job offers.
Certification in Supply Chain Management and Logistics
Timeframe: 3 to 6 months
Ideal For: Supply chain and logistics managers
Expected Increase In Wages: 25 to 45 percent increase for professionals working in supply chains.
For MBA holders working in logistics, procurement, and supply chain, institutions like APICS and ISM offer certification programs that provide:
- Sophisticated strategies for supply chains
- Skills in inventory and demand forecasting
- Cost minimization and productivity maximization methods
Certified supply chain management specialists can earn more in multinational companies compared to others.
Certification in Human Resource Management (HRM)
Timeframe: 3 to 6 months
Ideal For: HR officers, recruitment executives, and organizational talent managers
Expected Increase In Wages: 20 to 40 percent increase for HR-certified personnel
With an HR background, these professionals can aim for higher salaries with the following certifications:
- SHRM-CP (Society for Human Resource Management, Certified Professional)
- PHR (Professional in Human Resources)
- Coursera AI-Powered HR Analytics
These certifications are meant to improve recruitment, talent management, and HR analytics, thereby enhancing their contribution to organizations.
Tips on Picking Courses After MBA
When picking a short course after an MBA, you will want to look at the following:
- Relevance To the Industry – Pick a course that fits with what is popular in the market.
- Proposed Career Paths – Choose certifications that will assist in your professional advancement professionally.
Course Recognition: Prioritize professionals and institutions when selecting the courses you would like to pursue.
Time Available: Make sure that you are able to accommodate the course within your schedule.
Conclusion
Taking short courses alongside your MBA is a wonderful method for increasing your income, improving your set of skills, and enhancing your competitiveness in the market. Obtaining the appropriate certification can aid in gaining better career prospects along with a higher salary in almost all sectors like finance, marketing, operations, human resources, and data analytics.
GIBS Business School Partner in Career Advancement
Consider GIBS Business School, located in Bangalore, GIBS offers an MBA-equivalent PGDM program that mentorship, industry exposure, and guaranteed placement, making it suitable for students from all parts of the globe.
Through its programs, GIBS hopes to nurture forward-thinking entrepreneurs, innovative leaders, and competent managers. Recognized among the Top 10 MBA/PGDM Colleges in Bangalore, GIBS focuses on providing world-class management education to its students and strives to make them industry-ready from day one.
If you want to learn more, check out the GIBS Business School website so you can start making strides on your professional journey!