The growth experienced by the hospitality industry is almost unrivaled in the last decades. It is estimated at close to 9 trillion dollars and is going from strength to strength even now. The international tourism business has skyrocketed with the emergence of corporate hospitality, business partnerships, conferences, business travel etc. An MBA in Hospitality Management or MBA in Tourism and Hospitality Management is a specialised program that prepares candidates for the challenges in the industry from a management point of view.
What Does an MBA in Hospitality Management Entail?
An MBA in MBA in Hospitality Management combines both business fundamentals as well as field knowledge of the hospitality industry. It focuses on
- How to adapt your business structure according to changes in the business environment which are constantly changing
- How to innovate and experiment with product offerings, marketing tactics and advertising.
- How to ensure customer satisfaction and maintain a long term relationship.
- How to liaise with vendors, supply chain, government authorities, staff, etc.
- How to manage costs and sustain a profitable venture for the long term.
- How to grow and scale-up
How Does it Help You?
This is the most important question a candidate faces and the following pointers may help in making this crucial decision.
- Emphasis on Personality Skills: As this industry is largely client-faced, being comfortable in communicating with different stakeholders is important. And the course naturally focuses on it. You will be groomed on both your oral and written communication skills as well as leadership, teamwork, negotiation, delegation, networking skills.
- Industry-Linked Course: An MBA in Tourism and Hospitality Management is an industry-backed course through and through. Its course syllabus is designed with inputs from experienced professionals and it contains in-built industrial placements, internships, projects as well as research works, etc.
- A Chance to Work Globally: An MBA graduate in Hospitality Management more often than not, works on the go. This not only aids in getting to know different cultures, languages and diasporas but also allows you to travel all around the world.
Universities for MBA in Hospitality Management
An MBA in Hospitality Management or MBA in Tourism and Hospitality Management is offered around the world with a range of combinations and course structures. It typically runs for two years with one-year degrees also available. You also have options for Part-Time MBA, Executive MBA, Distance MBA, etc. Further, hospitality is often coupled with hotel management, marketing, leisure management, global tourism, etc. The following table lists down a few colleges that you can research upon.
|S. No.||Degree Program||University||Country|
|1||MS in Hotel Administration||Cornell University||USA|
|2||Dual MBA/MS in Hotel Administration||University of Nevada||USA|
|3||MBA-Leisure and Tourism Management||EU Business School||Spain|
|4||MSc Strategic Hotel Management||University of Surrey||UK|
|5||MBA in Hospitality Management||University of Sunderland||UK|
|6||MBA Tourism||University of Cumbria||Switzerland|
|7||Master of Business in Global Hotel Leadership||Southern Cross University||Australia|
|8||MSc International Tourism Management & Marketing||University of Nottingham||UK|
|9||MSc International Tourism Management||Swansea University||UK|
MBA in Hospitality Management Syllabus
The syllabus is divided into core and electives subjects. Further, many course designers include components of a foreign language, internships, projects, etc. A few of the subjects that you may come across during your MBA in Hospitality Management or MBA in Tourism and Hospitality Management have been listed below.
- Organisational Behaviour
- Management Principles
- Managerial Communication
- Food safety and Nutrition
- Fundamentals of Tourism & Tourism Products
- Principles of Tourism and Hotel Management
- Hospitality Marketing & Sales
- Food & Beverage Management
- Business Communication
- Management Principles
- Hospitality Law
- Strategic Management
- Public Relations
- Quality Management
MBA in Hotel Management Abroad: Application & Admission
The next step is to apply for admission. The admissions cycle typically begins in September/October and ends in February/March of the next year. There may be additional admission windows as well depending on seats and location.
- Prove the minimum eligibility requirements [equivalent qualifying degree, minimum marks in graduation, 2-4 number of industry experience recommended, etc. as required].
- Submit GMAT/GRE [GMAT recommended]and English Proficiency IELTS/TOEFL/PTE Test Scores [as required]
- Submit thecomplete Application Set [Passport, Statement of Purpose, Two/Three letters of Recommendation, Transcripts Experience Letter (if required), Financial Support Statement/Funding Essay (if applying for funding), etc.]
- Payment of Application Fee.
- Personal Interview/Group Discussion/Writing Task[if required]
- Within the 2-3 months of applying, usually, your results will be declared. Your application will be confirmed, waitlisted or rejected.
- Deposit the requisite Tuition Fees within the deadline
- Submit Student Visa Application [may vary as per Embassy regulations]
Salary after MBA in Hospitality Management
Going by the Bureau of Labour Statistics, the hospitality industry is expected to grow almost 33% every year. This is higher than any other industry in the United States. As per a leading website, the range of salary after MBA in Hospitality Management stands at $96,979-$114,439. While this also depends on the experience and the profile of the candidate, an entry-level job in this sector compensates well and offers interesting opportunities for progress and promotion.
MBA in Hospitality Management Scope
The MBA in Hospitality Management Scope can be further gauged from the fact that employers in this sector are also growing at an exponential pace. Be it hotels, restaurants, catering companies, travel agencies, universities, airlines, event management companies, hospitals, bars, conference centres, local authorities, etc.
MBA in Hospitality Management Jobs
There are a variety of lucrative job options you can choose from. Many young professionals after pursuing their MBA also aim to start their venture as well.
- Hotel Management Consultant
- Hotel Manager
- Restaurant Manager
- Assistant Sales Manager
- Catering Manager
- Human Resources Manager
- Hotel Director
- Food and Beverages Manager
- Marketing Manager
- Global Development Manager
- Customer Service Officer
- Research Associate
The MBA in Hospitality Management course is an enriching experience in itself. If you hope to work in the hospitality industry or start your venture in the future, the course will fit perfectly for you.