Most MBA graduates prefer to work with big corporates and MNCs. However, some of them choose a career in entrepreneurship. Regardless you have an MBA in Finance HR Marketing or any other stream, here you can find the most profitable small business ideas for MBA graduates.
Generally, MBA degree holders often get good jobs. However, it is not astonishing these days if an MBA graduate fails to secure a job according to his or her expectations. And because of having the most effective business skills, one becomes an entrepreneur very soon.
Also, some MBA graduates shift to entrepreneurship after pursuing a job for a certain duration of time. Whatever the situation you have, this list of the most lucrative small business ideas for MBA graduates will surely help you in making an informed decision.
40 Business Ideas for MBA Graduates
1. Management Consulting
For aspiring MBA graduates, management consulting is one of the most preferred and self-rewarding ventures under the sky. Generally, management consultants help small and big businesses to improve their overall performance. Also, they help in the critical decision-making process. Therefore, you can earn a good amount of fees from your clients.
2. Financial Planning Services
Financial advising is a challenging and responsible career path for any individual. Having an MBA degree in finance, one can start a financial advising consulting company with minimum investment. Financial advisory is a vast segment. Some of the prominent areas are wealth management, investment strategies, funding, and tax planning.
3. E-commerce
E-commerce has a lot of scope. Nowadays, eCommerce is one of the most trending sectors globally. MBA knowledge here can help in efficient inventory, marketing, and logistics management.
4. HR Consulting
An MBA in HR can support companies in the complete gamut of recruitment, employee training, and developmental aspects of the organization. MBA graduates from the human resource management stream can consider initiating a staffing agency business with very little capital investment.
6. Asset Management Company
Establishing an asset management company is a perfect business opportunity for MBA finance students. In this business, you will need to advise and guide your clients about the proper fund investment and buying securities. So, as you deal with other’s finances, you must be highly responsible.
#4. Business Plan Writing Service
If you are looking for a part-time opportunity that you can explore at home also, then you can start this business. In the different stages of the business life cycle, owners often look for effective plan writers. A business plan is an effective tool for raising startup capital, loans, and even grants. So, you can make plenty of money out of this type of business.
#5. Start a Blog
Nowadays, many management professionals are making good money running blogs in different niches. If have a strong passion for any subject and love sharing your thoughts, starting a management-related blog can fetch you good returns.
Learn More: How to Start a Blog and Make Money
6. Corporate Training Service
Corporate training is a multi-million dollar industry throughout the globe. It is a vast segment. It offers numerous different types of training to the employees of different organizations. Also, corporate training companies help freshers to be prepared for the job. However, it is a specialized segment. Depending on your expertise and skill, you can provide corporate training services in exchange for fees.
7. Corporate Wellness Service
Here your primary responsibility is taking care of the well-being of the employees at the workplace. Employees are the biggest asset to any successful and growing company. So, established companies always look for effective and responsible corporate wellness service providers. Generally, corporate wellness includes a wide range of niche services like regular health checks, yoga, gym activity, stress management, etc.
8. Debt Management
If you are an MBA graduate in the finance stream, you can consider initiating a debt management consulting company. Companies dealing with financial, manufacturing, or distributing products often look for this type of service. Generally, debt collection and debt recovery are the primary responsibility of a debt management company.
9. Digital Marketing Agency
Digital marketing is gaining huge popularity these days. If you have an MBA degree in the marketing stream, then you can consider initiating this business. Also, you must have specific skills and knowledge that are required to start a digital marketing agency business.
10. eBook Business
Nowadays, eBooks are gaining popularity over printed books. As the demand for eBooks is increasing rapidly, the potential of the eBook business is also growing. There are numerous ways you can explore for initiating an eBook business. You can publish your eBooks or earn money by crafting eBooks for others.
11. Logistic Company
If you have an MBA degree in supply chain management, you can consider initiating a logistics company. Generally, logistics companies provide surface services, air services, rail services, etc. Also, most of the companies provide warehousing facilities. Starting this type of company demands strategic planning and moderate capital investment.
12. Event Management
You can also make the best use of your management and planning skills to organize corporate events, weddings, and conferences.
13. Marketing Consulting
Marketing consulting is a niche segment in the management consulting area. Generally, marketing consultants provide specific services in numerous fields. Some of the most potential areas are online marketing, social media marketing, copywriting, content marketing, etc. Also, marketing consultants find new avenues and scope of development.
14. Market Research Service
Market research is a very essential tool not only for startup companies but also for growing organizations and companies who want to introduce new products or services in the market. As it is a specialized service, it has great demand. If you are an expert in doing market research, you can initiate this business.
15. Medical Tourism Company
Initiating a medical tourism company is an ideal business for MBA graduates who have a degree in the healthcare management stream. Globally, a lot of people visit foreign countries to get proper medical services at reasonable rates. Generally, medical tourism companies arrange the tour and suggest the best healthcare facilities available to their clients.
16. PR Agency
Generally, PR stands for public relations. Initiating a public relations agency business is the perfect opportunity for MBA graduates from the marketing stream. The PR agency business demands sound knowledge in marketing and advertising. Generally, this type of agency creates and maintains a positive image of their clients to their target audience and establishes a long sustainable relationship.
17. SEO Consulting
SEO consulting is another great business you can start if you know the subject. Nowadays, internet users are increasing very fast. And every small and big business increasingly showing interest in online presence. And in any type of online business, SEO plays a very vital role.
18. Business School
Initiating a business school is big business. It requires intensive market research, effective planning, and startup investment. However, it is an interesting and self-rewarding business for any MBA graduate. Business schools are university-level study centers that offer degree courses in business administration and management.
19. Business in Real Estate
You can Put your strategic thinking into practice by managing property investments or managing services for property sales or property management.
20. EdTech Startup
You could set up an online learning platform or app specific to certain niches by possibly combining your business management skills with your education passion.
21. Business Coaching
Consider using your MBA insights to assist entrepreneurs and executives in strengthening their business strategies and leadership skills.
22. App Development Firm
The increased need for apps creates a unique opportunity to start a business that designs and creates apps tailored for specific businesses or individuals.
23. Boutique Investment Firm
As an MBA professional, you can offer personalized investment advice or even create a venture capital fund for startup or small business investments.
24. Travel Agency
Manage tours or travel itineraries, organize corporate trips, and offer tailored packages for niche audiences.
25. Managing Social Media
Assist businesses in developing an online presence while sharing their platforms for successful social media operations.
26. Fitness Studio or Gym
Use the MBA in operations or marketing to run a successful fitness center for health-conscious individuals.
27. Consultancy in Sustainability
Assist organizations in adopting green practices reducing carbon footprints and conforming with eco regulations and laws.
28. Freelance Content Writing
If one has a penchant for writing, this can be coupled with MBA knowledge to write wonderful business-related content.
29. Tech Start-Up
Use your MBA skills to set up a tech startup in AI, blockchain, or SaaS if you have either the technical knowledge for it or a good network. It is one of the most lucrative business ideas for MBA graduates in coming days.
30. Import-Export Business
With globalization, the import-export business is now a very profitable trade. Make use of your MBA to negotiate through international trade regulations, source the products, and manage logistics effectively.
31. Freelance Consulting
Start your own freelance consulting business for clients in areas like marketing, operations, or HR. This is flexible, requires minimal capital investment, and can yield great results.
32. Online Coaching Classes
Start teaching online coaching classes in business management, soft skills, or technical skills as e-learning is booming. Add in that you have an MBA and your credibility automatically shoots up with regards to the coaching services.
33. Franchise Business
Invest in tried and tested business setups by associating with a franchise. Ranging from retail to F&B, proper management in these franchises ensures lower risks but very high returns.
34. SaaS Business
Software as a Service (SaaS) is a growing area. Use your strategic thinking and management skills to come up with a cloud-based solution for businesses or individuals.
35. Recruitment Agency
Some organizations require some form of assistance in hiring the right candidates for them. Your MBA educates you about how organizations are structured. Therefore, find a good fit for candidates.
36. Market Research Firm
Provide market insights to companies interested in the launching of products or the introduction of new markets. This is all about utilizing analytical and research skills at their best.
37. Coworking Space Businesses
Everyone wants a space for working from home as it withers off with the points for which freelancers need to payment – to rent office space. The coworking office setup allows a professional and collaborative environment for startups and freelancers.
38. Sustainable Fashion Brand
The current trend in the fashion industry is somehow leading towards sustainability. Use upon this extent of creativity to create a brand associated with ethical production and ecological-friendly materials.
39. AI-Powered Chatbots for Businesses
Development of AI-enabled chatbots for efficient customer service in businesses. The established experience you obtain with an MBA comes in handy during the market analysis and strategic execution.
40. Small Business Lending
Set up an alternative agency or platform to offer loans and financial guidance to the micro- and small-scale enterprises, which are mostly overlooked by other commercial banks.
If you are an MBA graduate and interested in entrepreneurship, the above-mentioned business ideas for MBA graduates we believe will give you the required inspiration to start a venture of your own.
Editorial Team at 99BusinessIdeas is a team of experts led by Rupak Chakrabarty with over 25 years of experience in starting and running small businesses. Started in 2010, 99BusinessIdeas is now one of the largest free small business resources in the industry.