Top 10 Business Ideas for Fresh MBA Graduates
Business is the middle name of the MBA. Top colleges in India for management studies groom their students for holistic business management. Colleges and Universities offer the best MBA courses to prepare students to work as a management professionals in different verticals for diverse sectors.
Students from MBA top universities either go for leading Indian and Global MNCs or start their own businesses. As a fresh MBA graduate, you might feel overwhelmed with sectors, processes, and feasibility to replicate your ideas into a startup venture.
Premier educational institution Bennett University offers specialisations in Finance management, Human Resource, Business Analytics and Operations Management, Banking, Financial Service and Insurance, Sales & Marketing Management, Media Management and SCM. BU grooms students for innovative thinking and becomes employer for the greater good.
To sort out your dilemma, we will explain the top ten business ideas with surety of success. We will also explore the Centre of Innovation and Entrepreneurship initiative of Bennett University Noida for budding entrepreneurs.
Ten Successful Business Ideas for Fresh MBA Graduates
1) Consultant
Business consultants are in high demand these days with booming startup culture and growing Indian businesses on global shores. You can select a niche area according to the best MBA courses from leading B-Schools and start your consultancy business.
Sectors with significant demand for consultants are:
- Management Consulting
- Business Finance Consulting
- Crowdfunding Consulting
- Feasibility Consulting
- Digital Marketing Consulting
- Growth Hacking Consulting
2) Author and Publishing Business
Chetan Bhagat (IIM A) and Amish Tripathi (IIM C) have made writing one of the attractive business ideas among MBA freshers. Management students are experts in marketing products or services. If you have a knack for writing, this is asuccessful business idea with excellent ROI.
3) Ecommerce
The Indian e-commerce market is on the verge of outrunning several mature markets with US$ 350 Billion worth of business by 2030. It is expected to become the third-largest e-commerce market in the world. It is a great opportunity to start your business.
MBA students can leverage the Centre of Innovation and Entrepreneurship at Bennett University Noida to launch their e-commerce business under expert guidance.
4) Asset Management
Students with MBA in Finance are equipped to start an asset management business. It is about providing expert advice for investments in funds, securities, etc.
5) Debt Management Services
Students with MBA in Finance and Marketing are apt for this business idea. You need financial knowledge and people skills to operate a profitable debt management business.
Debt management services providers work on the behalf of creditors. They negotiate with debtors and chart out a plan to pay the debt conveniently without stress. Your prospective clients are companies dealing in financial products, manufacturers, distributors, and others.
6) Market Research
Every business needs market information, target customer behaviour, demand for their products or services, etc. You can employ your MBA skills and provide them with crucial insights about market trends and customer data.
Browse leading market research firms like Nielson, Gartner, IQVIA, and others. Explore them and learn from their success stories to start your business.
7) Logistic Business
Students with MBA in Logistic Management and MBA in Logistics and Supply Chain Management should venture into the Indian logistics business. It has considerable potential with exceptional ROI.
The logistics industry contributes around 14.4 per cent of the Indian GDP, but around 90 per cent of the sector is unorganised. Therefore, it needs MBAs like you to organise and transform into a well-functional business category.
8) Corporate Event Planner
Indian event management industry was valued at around 10,000 INR in FY 2019-20. It was badly affected due to the Covid outbreak and bounced back in 2022.
According to an interview with Mr Deepak Choudhary published in Outlook, the event industry is expected to grow by 25% to 30% in 2023.
MBA graduates should encash this excellent turnaround and start their business of organising corporate events. You can also venture into social events to widen the horizon of business.
9) PR Agency
PR Agency is an ideal business idea for students with MBA in marketing and MBA in Media Management.
It is about creating buzz for the brands of your client/s. You should be well-versed with media management and crisis handling.
PR agencies curate brand stories, promote them, and retain them at the desired position through several tools and techniques.
10) Life Coach
If you are a good listener and can provide solutions for people’s problems, a life coach is the perfect business idea for you. You can do this face to face, through a podcast, on YouTube or other video streaming platforms, etc.
We have shortlisted trendy business ideas for fresh MBA graduates. These ideas suit the respective best MBA courses. Most of these ideas do not require huge investment and ensure quicker ROI on the business. Start today your journey of entrepreneurship with one of these business ideas.
Bennett University Noida-Centre of Innovation and Entrepreneurship
Bennett University, being one of the best university for MBA, offers the facility for specialised MBA courses. It boosts innovation and the spirit of enterprise among management students. BU brings the experience with its partner, the globally renowned Babson College, Massachusetts (providing entrepreneurship education since 1919).
The four-part idea behind operating the CIE at Bennett University
- Entrepreneurship is a teachable skill
- The study of entrepreneurship requires hands-on training and classroom skilling.
- Entrepreneurship requires a suitable environment for the seeding and germination of ideas
- Entrepreneurship skills help to run startups and existing businesses. It also helps to manage events in life.
- MBA students at Bennett University can realise their business dreams with Bennett Hatchery and Student E-cell facilities.
What does CIE offer to materialise your business ideas with the Best MBA courses?
Bennett University helps to materialize your business aspirations through the following steps.
- Ideation and Team Formation
- Market Analysis
- Solution Validation
- Business Viability
- Launch and Beyond
Learn more at the Bennett University website. Visit and apply for MBA admissions 2023-24.
Reference Links
https://www.bennett.edu.in/innovation-centre/
https://www.ibef.org/industry/ecommerce
https://www.softwaretestinghelp.com/market-research-companies/
