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A Complete Guide to a Career in Media and Entertainment

Not all MBAs work in finance and consulting fields, and not all media and entertainment professionals write creative content or act on screen. Some combine business knowledge with creative interests to support, promote, enable, and assist entertainment activities – and you could be one of them.

Media and Entertainment (M&E) is a burgeoning industry with multiple sectors, including print, broadcast, films and television, advertising, digital media, music, gaming, and live events. There is a plethora of creative talent in the market but a dearth of managerial skills to run the show. An MBA Career In Media and Entertainment enables you to bridge the gap as a legal, financial, marketing, or communications expert.

FAQs - Career In Media and Entertainment

What is MBA in Media and Entertainment?

MBA in Media and Entertainment is a 2-year post-graduate degree course divided into four semesters. It prepares you for managerial positions in the M&E industry. It is a focused management programme that teaches media production and content creation business and managerial aspects.

The M&E industry has grown exponentially in the past decade. Apart from the traditional print, broadcast, and film media, we now have online portals, streaming platforms, and social media sites churning out enormous amounts of content daily. Therefore, the industry needs MBA graduates to manage various aspects of platform regulation and content creation.

Behind the glitz and glamour of the screen are professionals who make the show happen. MBA Media and Entertainment graduates are the experts who manage the organisational, financial, sales, and marketing aspects of media production.

Who Should Pursue an MBA in Media and Entertainment Course?

Anyone interested in the managerial side of media and entertainment should pursue an MBA in Media and Entertainment course.

If you are interested in advertising, media planning, content marketing, event management, or starting your own media company, MBA in Media and Entertainment is the right course for you.

What are the KEY AREAS OF SPECIALISATION?

Although we speak of Media and Entertainment as a single industry vertical, it includes multiple sectors such as print, broadcast, films, television, and digital media. The size of the industry ensures multiple opportunities and niche jobs for MBAs. Some key areas of specialisation for MBA Media and Entertainment graduates are –

  • Content strategy
  • Talent acquisition
  • Advertising and promotions
  • Media planning and management
  • Corporate finance
  • Corporate law and censorship
  • Corporate communication
  • Event management

What are the SUBJECTS AND SYLLABUS FOR MBA MEDIA AND ENTERTAINMENT?

The syllabus for MBA Media and Entertainment may vary from college to college. However, all institutions offer core management subjects, core media subjects, and some electives based on your specialisation. [1] Most colleges will include the following subjects for MBA Media and Entertainment –

  • Core Management Subjects – Marketing Management principles and practices, Economics, Finance, Business Strategy, Corporate Law
  • Core Media Subjects– Corporate communication, Enterprise promotion, Brand building, Advertising, Media planning and management
  • Electives (Differ from college to college) – Topics related to specific sectors such as films, music industry, digital media, game industry, and live events
  • Practical training and a research project– All reputed MBA Media and Entertainment courses include experiential learning along with theory and a comprehensive research project in the 4 th semester.

What are the eligibility criteria for a Media and entertainment course if I want to start a career in media and entertainment?

The eligibility criteria for MBA in Media and Entertainment are as follows:

  • A Bachelor’s degree in any stream with over 50% marks (or as specified by the university)
  • A valid score in an entrance exam such as CAT, XAT, MAT, CMAT, or GMAT. The exam and cutoff percentage are specified by the college or university.

What is the ENTRANCE EXAM FOR MBA MEDIA AND ENTERTAINMENT?

The different MBA entrance exams in India are:

  • CAT – Common Admission Test (CAT) is the most preferred entrance exam in most B-schools and management institutes in India.
  • XAT– Short for Xavier Aptitude Test, it is conducted by the Xavier School of Management.
  • MAT– Management Aptitude Test (MAT) is a standardised test conducted by the All India Management Association (AIMA) for admission to management courses.
  • CMAT– Common Management Admission Test (CMAT) facilitates admission to AICTE- affiliated MBA, PGDM, and PGCM programmes.
  • GMAT– Graduate Management Admission Test (GMAT) is the qualifying entrance exam for management or business programmes in GMAC-governed institutions.

The eligibility for MBA entrance exams is graduation in any stream with over 50% marks. However, students can appear for a relevant entrance exam in the final year of their graduation. The details of the MBA entrance exams are as follows:

  • 3 hours duration
  • Multiple choice questions
  • Questions based on English, analytical thinking, logical reasoning, and the subject of specialisation

What are the TIPS TO PREPARE FOR THE MBA MEDIA AND ENTERTAINMENT ENTRANCE EXAM?

Here are a few pointers to prepare for your MBA in Media and Entertainment entrance exam:

  • Be clear about the format and syllabus. The questions are objective, so a clear understanding of the basics is essential.
  • Put more emphasis on your topics of specialisation. This will not only enable you to perform better on the written test but also prepare you for the final interview.
  • Previous years’ question papers are available online. Practice solving them within the stipulated time.
  • The written exam is followed by a group discussion (GD) and a personal interview (PI). Hone your speaking skills for these rounds.
  • Be aware of current affairs and read extensively on trending topics for the GD. If you have a study group, practice speaking and debating in a simulated environment.
  • Practice for the interview by grooming yourself, preparing an interesting self- introduction, and learning to speak confidently about your interests, motives, and goals. Self-awareness, a clear understanding of your subject of specialisation, good communication skills, and straightforward and concise answers are the attributes that interviewers look for.

WHAT ARE THE KEY SKILLS REQUIRED FOR MBA IN MEDIA AND ENTERTAINMENT?

MBA aspirants require several skills to excel in their study programme as well as in their Career In Media and Entertainment. The key skills required for MBA in Media and Entertainment are as follows:

  • Creativity and Innovation – Creativity and innovation enable the aspirant to manage creative content, solve domain-specific problems, and collaborate better with other creative minds.
  • Strategic thinking and problem-solving– Lateral thinking, goal-oriented solutions, and innovative problem-solving are imperative for excelling in a creative field.
  • Business acumen and Financial Management– MBAs in Media and Entertainment are typically involved in promotional, funding, and organisational roles. They must have keen business sense and financial management skills.
  • Marketing and branding expertise– These are essential skills as brand strategy and marketing management is some of the coveted roles in the M&E industry.
  • Leadership and collaboration skills– Leadership and collaboration skills are imperative when employees drive complex projects and work with team members with diverse skill sets.
  • Communication and interpersonal skills– Excellent communication skills and the ability to handle various personality types are critical for success in a dynamic field.
  • Adaptability and Flexibility – Creativity, speed of delivery, and customer-centricity are at the heart of the M&E industry. Those who wish to thrive in such a dynamic and versatile environment must stay adaptable and flexible in their approach.
  • Understanding of technology– MBA aspirants need an in-depth understanding of the role of technology in creative ventures and its overall impact on the M&E industry. This helps them to be future-ready, land better jobs, and succeed in their Career In Media and Entertainment.
  • Industry and market knowledge – Like tech-savviness, industry and market knowledge, too, are essential 21 st -century skills for management students.

Job Scope of MBA Media and Entertainment

There is ample Career In Media and Entertainment scope after MBA in Media and Entertainment.

MBA Media and Entertainment graduates find work in many fields, such as broadcasting, films, interactive media, game development, and event management. They get jobs as marketing analysts, brand strategists, digital media managers, channel heads, and more.

With the explosion of entertainment platforms and creative content, M&E companies need MBA graduates for their advertising, communications, finance, legal, and marketing departments.

Moreover, most MBA students opt for finance and consulting. This means that students who choose MBA in Media and Entertainment will have more career avenues open to them in the near future.

What are the Career Opportunities in Media and Entertainment Industry after MBA?

Given the diversity and growth rate of the M&E industry, there are numerous jobs for MBAs in Media and Entertainment. Some popular options are as follows:

  • Film and television production manager– A film or television production manager is responsible for managing shooting schedules, budgeting, transport, and other essential requirements of a production unit.
  • Music industry executive– Music industry executives have a host of responsibilities, such as talent hunting, hiring studio technicians and sound engineers, and overseeing marketing and promotions.
  • Digital media strategist– Digital media strategists work to improve the visibility of content on digital media. They research social media trends, plan and schedule content, and strategise new content ideas.
  • Marketing and advertising manager– Marketing and advertising managers identify content marketing opportunities and develop brand-specific advertising campaigns.
  • Film and television finance specialist– Finance specialists provide core finance and accounting services such as corporate tax, revenue recognition, production accounting, and auditing. In larger production houses, they may also manage foreign exchange transactions.
  • Talent manager– Talent managers identify new talent, plan talent acquisition strategies, and negotiate contracts while hiring.
  • Film and television distribution executive– Distribution executives get the film or television show into the market by acquiring it from production houses and releasing it in cinemas, on television channels, or on digital streaming platforms.
  • Event management specialist– Event managers plan and organise live events like music shows, film premieres, and corporate gatherings. They handle a range of responsibilities, including researching the venue, budgeting, promotions, and invoicing.
  • Gaming industry executive– Gaming executives manage several aspects of game development and production, such as recruitment, budgeting, publishing, and negotiating with investors and studios.
  • Content creation and management executive– Content executives research audience needs, preferences, and trends to produce content that sells. They work collaboratively with marketing teams to develop strategies for enhancing audience engagement.

I want to make a career in media and entertainment; what will be the fees and curriculum of an MBA in media and entertainment course?

Depending on the college or university you choose, an MBA in Media and Entertainment course can cost you between INR 80,000 and INR 3,00,000.

The curriculum includes core management subjects, core media and entertainment subjects, and electives depending on your specialisation. Most programmes also include a research project in the 4 th semester.

How can you ensure a successful career in Media and Entertainment?

Media and Entertainment is a creative, dynamic, competitive, and versatile field. An MBA degree in Media and Entertainment can take you far. However, for a successful career, you also have to cultivate the right attitude and some essential skills, such as:

  • Good interpersonal skills
  • Leadership skills
  • Ability to work with a team
  • Domain knowledge
  • A thorough understanding of market trends and audience preferences
  • Sound physical and mental health to put up with hectic schedules

What are the FACTORS TO CONSIDER WHILE CHOOSING A MEDIA AND ENTERTAINMENT SCHOOL/COLLEGE?

Finding the right college for your MBA in Media and Entertainment is the first step towards a thriving career. Here is a quick checklist to help you choose:

  • Course Curriculum– Ensure that the college offers the electives of your choice. It should also offer practical learning opportunities along with the theory.
  • Affiliation– Make sure the programme is run by a recognised university or management body. Verify the school’s antecedents before taking admission.
  • Faculty– Check if the faculty have worked in the M&E industry. Educators with practical experience can make you media-ready.
  • Amenities and Infrastructure– Choose a school with adequate and up-to-date infrastructure. This includes labs, studios, conference rooms, and the latest technology. If relocating to another city, you might want to check food, accommodation, transport, and security facilities.
  • Budget– Find a school that fits your budget, especially if you have to pay extra for accommodation.
  • Placements– Campus placements can give you a head-start in your career. Check if the college organises job interviews for graduating students.

FAQs

Here are a few FAQs -

What can you do with an MBA in Media and Entertainment?

With an MBA in Media and Entertainment, you can work in the managerial side of the M&E industry. You can work as a production manager, content analyst, advertising professional, marketing or finance expert, or social media strategist in the entertainment industry. With experience, you can also become a channel head or start your own media company.

What is the salary for MBA in Media and Entertainment in India?

The starting salary of an MBA Media and Entertainment professional in India is around INR 5,00,000 per annum. With added experience and expertise, it can rise to INR 27,00,000 per annum.

Is an MBA useful in the film industry?

An MBA is useful in the film industry for careers related to production management, talent acquisition, finance, marketing, and film distribution.

What is the scope of an MBA in Media and Entertainment?

MBA Media and Entertainment graduates have much scope to work in various sectors such as broadcast, films, digital media, the music industry, the gaming industry, and event companies. They can get jobs as production managers, digital media strategists, talent managers, content managers, finance professionals, and channel heads.

Is MBA in Media and Entertainment worth it?

Yes. M&E is one of the fastest-growing industries in India today. It is projected to grow at a CAGR of 8.8%, reaching INR 4.30 trillion by 2026. With the explosion of digital media platforms and content, the industry needs experts in organisational, marketing, legal, and financial roles. This will ensure many job openings for MBA graduates. (Statistics Source: https://www.business-standard.com/article/companies/indian- media-entertainment-industry-may-touch-rs-4-3-trn-by-2026-report- 122062300632_1.html )

Which MBA college is best for Media and Entertainment?

Some reputed MBA Media and Entertainment colleges in India are K.C. College of Management Studies (Mumbai), Ganpat University (Ahmedabad), COEM (Pune), and HITS (Chennai). You can also do your MBA in Media and Entertainment from Seamedu.