A career in hospitality can be a rewarding and fulfilling one for those who enjoy working with people and have a passion for providing exceptional customer service. The hospitality industry includes a range of businesses such as hotels, restaurants, bars, resorts, and event planning. Some of the benefits of a career in hospitality include the opportunity to work in a fast-paced and dynamic environment, the chance to meet people from all walks of life, and the potential for career advancement within the industry.
Once you complete your MBA, it will open up opportunities to work in various roles, including hotel management, restaurant management, event planning, tourism management, and more. Moreover, the best management colleges in Ahmedabad offer practical training and internship opportunities, giving you hands-on experience in the hospitality industry.
On reading this article you’ll come to know about numerous career paths that an MBA/PGDM can open in the hospitality sector for you.
Top Job Profiles for MBA/PGDM Students:
The most common career path to choose after doing an MBA in hospitality is being a hotel manager. They are responsible for the smooth running of a hotel, overseeing all operations, including managing staff, ensuring customer satisfaction, and maintaining high standards of service. A hotel manager can earn a salary of around 5-10 LPA. With an MBA, a hotel manager can expect to earn on the higher end of this salary range due to their advanced education and management skills.
Food and Beverage Director:
A food and beverage director dons numerous hats in the hospitality sector. Their work ranges from managing the staff in hotels, bars, restaurants, or resorts, to maintaining high-quality customer service. They also look after the menu selection in hotels, the quality of food served, improving sales, and ensuring client satisfaction. A food and beverage director can earn a salary of around 4 lakhs to 16 lakhs per year. However, the salary also depends on how well the hotel runs and also on the experience and skill of the F&B director.
Director of Sales and Marketing:
The director of sales and marketing is someone who is responsible for developing and implementing marketing strategies to promote the hotel or resort and increase revenue. They work closely with the hotel’s sales team to develop sales strategies, set sales goals and analyze sales data. A director of sales and marketing can earn a salary of around 7 lakhs to 16 lakhs per year, with an MBA increasing their earning potential.
Director of Operations:
A director of operations looks after the everyday operations of a company. Thus, in the hospitality business, a director of operations looks after the overall workings of a hotel, resort, etc. They oversee the various other departments that are there in a hotel and manage their requests. A director of operations also hires professionals during needs, organizes training for employees, and strategizes various ways and techniques to bring out the best in the company. A director of operations can earn a salary of around 5 lakhs to 10 lakhs per year.
Human Resources manager:
A human resource manager is a very common career path that most people pursue. Be it any company, hotel, resort, or cruise there’s an HR manager who looks after the hiring and training procedures. The HR department headed by the HR manager recruits, interviews, and hires new employees. It’s a tedious task to hire efficient and skilled staffs who benefit the company.
An HR manager also oversees the training procedures of new employees, uplifting the morale of the staff, and looking after their problems and well-being. Happy employees make a good workplace.
And it’s in the hand of the HR manager to look after the employees and give them opportunities for growth, and incentives, which in turn helps in employee retention. They work as a mediator between the management and the staff and bridge the gap between the two. A human resources manager can earn a salary of around 8 lakhs per year.
Even if you do an MBA specializing in Hospitality, you can be a finance manager. The finance manager deals with the finance of any organization. Every organization whether big or small needs financial managers. A degree of MBA in hospitality will give you an edge over others in becoming a finance manager in this industry. The average annual salary of a finance manager can be around 13 lakhs.
Another industry that is steadily growing in today’s world is the Event Management industry. And in a country like India, which has events and award shows lined up all around the year, the job of an event manager is a lucrative one. The Event Manager is responsible for planning and executing events within a hotel or resort, including weddings, conferences, and other special events. This role requires excellent organizational and communication skills, as well as a deep understanding of event planning and management. The average salary for an Event Manager is 4 lakhs to 10 lakhs per year.
If you’re not interested in working for some other company after your MBA, you can always start something of your own. Your degree from SKIPS will prepare you in every way to start your entrepreneurial journey. The very famous OYO Rooms is the result of the entrepreneurial journey of Ritesh Agarwal. OYO Rooms is a startup that is making millions now. As far as being an entrepreneur is concerned, it is a risky and uncertain career path. However, there is no greater joy than being your own boss. The annual income of an entrepreneur is variable as it depends on how well the startup will do.
In conclusion, a career in the hospitality sector after completing a PGDM marketing program from SKIPS can be highly rewarding with numerous job opportunities and competitive salaries. The salary range in the hospitality sector varies depending on the job profile, location, and organization which can go up with experience and expertise. With the growing demand for quality hospitality services, there is a significant need for skilled and experienced professionals in the industry.
Overall, a career in the hospitality sector can be highly fulfilling, with ample opportunities for growth, learning, and a chance to provide excellent services to guests from all over the world.