While some of the students have absolute clarity of which department they are going to work in but others are still navigating their paths gradually through their career. After gaining a solid foundation in the hospitality industry, now it’s time to explore the numerous opportunities that lie ahead. In this blog, we’ll discuss what various paths you can take to further enhance your career prospects after your hotel management graduation.
Explore Revenue Management:
While many students graduating in Hotel Management tend to pursue traditional career paths, there exists a lesser-explored realm that holds immense potential: Revenue Management. Specializing in Revenue Management through a postgraduate degree, or by joining innovative start-ups like Revnomix, or established industry leaders like IDeaS, can significantly propel your career growth. Revenue Management remains relatively unexplored by students, yet it offers a wealth of opportunities. By mastering this field, you become a sought-after professional capable of optimizing pricing, maximizing revenue, and driving financial success for businesses. Embracing Revenue Management as a career path allows you to navigate the evolving landscape of the hospitality industry while securing long-term prospects for professional advancement.
Recommended online courses:
· HOTEL REVENUE MANAGEMENT Cornell Certificate Program
· Post-Graduate Programme in Revenue Management by Vedatya
Join Online Travel Agencies (OTAs):
Consider exploring opportunities with other prominent online travel agencies such as Booking.com, Expedia, MakeMyTrip (MMT), or other regional OTAs. These platforms offer roles in revenue management, business development, and operations, allowing you to leverage your hotel management background while working in a digital environment.
Pursue a Postgraduate Degree Abroad:
Consider the possibility of pursuing a postgraduate degree in Hotel Management or a related field abroad. Studying in a foreign country will provide you with a global perspective, exposure to diverse cultures, and access to international job opportunities. Look for reputable universities or institutions known for their excellence in hospitality education. When considering pursuing a postgraduate degree abroad, there are several prestigious programs that cater specifically to the hospitality industry. Here are three notable options to explore:
· Master of Management in Hospitality by Cornel university
· EHL Master in Hospitality Management Admissions
· Les Roches MBA in Global Hospitality Management
Management Trainee Programs:
Many established hotel chains and hospitality organizations offer internal management trainee programs for their current employees by also keeping some positions vacant for external/new employees. These programs provide intensive training and exposure to various departments, allowing you to gain a comprehensive understanding of hotel operations. As a management trainee, you will have the opportunity to learn from experienced professionals and eventually take on leadership roles within the organization.
Consider teaching or a faculty/lecturer position:
If you have a passion for sharing your expertise and nurturing the next generation of hospitality professionals, consider teaching in institutes, either on a part-time or full-time basis. You can join a hospitality school or college as a faculty member and contribute to shaping the future of the industry.
Consider a general MBA (full-time):
Additionally, for individuals looking to broaden their horizons beyond the hospitality industry while still gaining valuable management skills, pursuing a general MBA from esteemed institutions like the Indian Institutes of Management (IIM) or the Indian School of Business (ISB) can be an excellent choice. These programs provide a comprehensive business education that covers various disciplines such as finance, marketing, operations, and strategy. The knowledge and networks acquired through an MBA from these renowned institutions can open doors to leadership positions across industries, including hospitality. To learn more about the benefits of pursuing an MBA from IIM/ISB, you can read our dedicated article on this link here.
In summary, graduating in Hotel Management opens up a vast array of possibilities for your career. Whether you choose to specialize in revenue management, explore consultancy opportunities, pursue postgraduate studies, join management trainee programs, teach, or work with OTAs, the key is to follow your passion and continually seek growth and development in this ever-evolving global world. Best of luck on your journey!
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