MBA is one of the most preferred master’s degree courses by students worldwide. Students can earn a good salary after MBA. Several candidates appear for the Common Admission Test (CAT) every year.
This is perhaps due to the versatility of the MBA degree and the various specializations it offers. Some popular MBA specializations include Finance, Marketing, General Management, Human Resources, Entrepreneurship, and so on.
Therefore, if you’re confused about choosing the right MBA specialization, take a look at the average salary after MBA with different specializations.
Let’s explore the highest-paying MBA jobs in India according to various specializations.
MBA stands for Masters in Business Administration. It is a common career path preferred by commerce students. However, you need not necessarily be from the commerce stream to pursue MBA.
The MBA degree focuses on equipping students with business organization and management skills. Moreover, students also become well-versed in the specializations they choose. This makes MBA a desirable qualification for prospective employers as well.
Here is the list of highest-paying jobs after an MBA degree:
| Job Profile | Highest Salary |
| Investment Banker | INR 40.4 LPA |
| Project Manager | INR 26 LPA |
| Consultant | INR 22 LPA |
| Marketing Manager | INR 23 LPA |
| Business Development Manager | INR 15 LPA |
| Financial Analyst | INR 10.3 LPA |
| HR Manager | INR 18 LPA |
| Business Analyst | INR 15 LPA |
| Operation Manager | INR 18.6 LPA |
| Data Analyst | INR 11.6 LPA |
| Sales Manager | INR 14 LPA |
| Advertising Manager | INR 19.8 LPA |
| Digital Marketing Manager | INR 19.3 LPA |
| Brand Management Executive | INR 10.2 LPA |
| eCommerce Specialist | INR 10 LPA |
Source: Ambitionbox
Investment bankers earn a good salary after MBA. They can earn an average of INR 4.5 LPA, and the highest salary can be around INR 40.4 LPA.
Project managers are responsible for the execution of the entire project. They are hired by top IT firms which gives them a good salary. On average, a project manager can earn INR 14.5 LPA and, with experience, can reach INR 26 LPA.
A consultant is one of the highest-paying jobs after MBA where candidates can earn a good salary. On average, they can make up to INR 10 LPA which can further extend to INR 22 LPA.
Marketing managers make a decent amount of salary. Their average salary can be around INR 2.4 to 7.4 LPA. The highest salary can reach up to INR 23 LPA.
Also, read: The Ultimate Marketing Management Guide
The salary of a business development manager in India can be anywhere around INR 2.5 to 5.3 LPA and the highest salary can be INR 15 LPA.
A financial analyst is a good stream where MBA graduates can earn a good salary. The average salary can start from INR 4 LPA and can reach up to INR 10.3 LPA. Financial analysts have the highest MBA salary in India.
Human resource managers are always in demand. With the good opportunities available to them in each firm, they can earn the highest salary of INR 18 LPA which can be increased with more experience. The average salary for MBA in HR can be INR 3 to 7 LPA.
The job of a business analyst ranges from finding solutions to business problems to implementing them. They can earn an average salary of INR 3 to 7 LPA. The highest salary can be INR 15 LPA.
It is one of the top managerial positions in the firm which exposed him to earn a good salary. Operations Manager salary in India ranges from INR 3 to 7.5 LPA. The highest salary can be around INR 18.6 LPA.
Data Analyst salary ranges from INR 1.9 to 4.4 LPA. With more experience, the salary can be reached up to 11.6 LPA.
Sales and marketing are good MBA streams. The average salary of a sales manager is 5 LPA which can be reached up to INR 14 LPA.
Advertising managers are responsible for running advertising campaigns. This is also one of the highest-paying jobs after MBA. The average salary they can earn is between INR 2.3 to 5.4 LPA. The highest salary earning is INR 19.8 LPA.
With advanced technology, there has been an increase in the demand for digital marketers. They can earn an average salary between INR 3.1 to 7 LPA and the highest salary can be around INR 19.3 LPA.
Brand managers are responsible for maintaining the brand image. They earn a good salary after MBA by working with top brands. The average salary can be around INR 3.1 LPA and with more experience, it can reach up to INR 19.3 LPA.
With the growing e-commerce platforms, the demand for eCommerce specialists increased. They earn a decent salary of 10 LPA and an average of 4.5 LPA which can be increased after gaining some experience
Many factors affect MBA salary. Some of these factors are:
These factors affect the salary after MBA; therefore, you need to keep in mind which college and specialization you choose as they can affect your income.
There are several MBA specializations, each with its unique focus and emphasis. The most popular MBA specializations include Finance, Marketing, and Human Resources. However, many other specialized MBA programs are available, such as those focused on Information Technology, International Business, or Project Management.
The highest-paying MBA specializations tend to be those that focus on finance and consulting. MBA graduates with these specializations often earn a good salary after their MBA and go on to work in high-level positions with top organizations.
Brands today are working immensely on their marketing strategy. Every day, we see innovative marketing campaigns by brands to help them stand out among their audiences. Therefore, every brand wants skilled professionals to handle its marketing strategy.
MBA in Marketing focuses on subjects like consumer behaviour, market research processes, marketing tools and techniques, digital and traditional advertising, and Sales Management. MBA in Marketing has a wide scope with a good salary after MBA.
Some of the most renowned universities that provide a great scope and salary after an MBA in Marketing are:
Source: NIRF
Here is the list of job positions:
The average salary for MBA in Marketing is INR 5.4 LPA. As your gain more work experience, the average MBA salary package ranges from INR 14.25 to 20.43 LPA. With increasing qualifications and years of experience, your salary can go up to INR 30 to 45 LPA.
The MBA finance course is one of the best courses for students who are interested in banking and finance. With the increasing need for financial experts in the business world, this course offers many career opportunities after an MBA. Students can also earn a good salary after MBA in finance.
Financial and banking experts are responsible for the financial management of an organization. This involves the different stages of planning, implementing, and regulating the inflow and outflow of assets.
Some of the most renowned universities that provide a great scope after an MBA in Banking and Finance are:
Source: NIRF
MBA in finance salary is good in these top job positions.
Also read: The Ultimate List of Jobs after MBA Finance
After Banking and Finance from a top-tier B-school, you can expect a starting salary of INR 10 to 15 LPA. The highest MBA salary in finance can go up to INR 50 LPA.
Data is the currency of the Information Age. Job opportunities after MBA are on a surge for skilled data analysts. A data analyst mines through countless, broken-up data and sorts them into meaningful areas for the company to act upon.
This is a trending MBA specialization with good prospects of a high salary after an MBA. This course helps you understand data analytics to sift through various data points and assign meaning to them in the form of trends, insights, etc.
Some of the most renowned universities that provide MBA in Data Analytics are:
Source: NIRF
MBA in Data Analytics can open up various career opportunities with a high salary.
MBA salary in India in Data Analytics can initially range from INR 3 to 8 LPA. The top executives in data analytics earn a higher salary of up to INR 55 LPA.
Ensuring the smooth functioning of business processes is important. This is why companies hire operations experts to optimize their business processes. The role of an operations manager involves managing product quality, building and maintaining customer relations, inventory and supply management, and boosting productivity.
It is one of the best MBA streams as many companies digitize their operations and supply chain, introducing new opportunities.
A bachelor’s degree in any stream, with a 55% aggregate score.
Source: NIRF
After completing MBA in operations management, one can work across various management consulting firms, retail management, information technology, healthcare management, and transport and logistics companies.
Popular job roles after MBA in Operations Management include:
A fresher with MBA in Operation Management has the potential to earn between INR 4 to 9 LPA. It can later increase to INR 40 LPA.
Human Resource Management is an excellent career option with a high salary after MBA. Organizations today are prioritizing the well-being of their employees and hence, there is a greater demand for qualified human resource and talent management professionals.
Some of the most renowned universities that provide MBA in HR Management are:
Source: NIRF
A human resource professional is in high demand across various industries and domains like information technology, law firms, advertising agencies, retail management companies, and media houses.
Highest-Paying Jobs after MBA in HR include:
Candidates with MBA in HR Management enjoy starting salaries of INR 4 to 6.9 LPA.
Entrepreneurship refers to the study of developing and managing a business to make it profitable. There is great scope for MBA Entrepreneurship as today’s youth is filled with innovative ideas that can easily be monetized. The recent surge in the number of startup unicorns and the ‘Atmanirbhar Bharat’ (Self-Reliant India) has influenced the youth to develop more start-ups.
The course’s curriculum enables MBA candidates to understand the necessary resources to sustain a business. It also helps students to learn about various strategies that can help them build a profitable business.
Some of the most renowned universities offering MBA in Entrepreneurship are:
Source: NIRF
An MBA in entrepreneurship enables you to develop a business-oriented mindset which is a top-rated skill in many companies. After an MBA in Entrepreneurship, you can work in various domains like automobile, information technology, small and medium business management, insurance, sales, and marketing.
The average salary for MBA in Entrepreneurship is INR 8.83 LPA. MBA in Entrepreneurship offers faster growth opportunities, and you can earn up to INR 20 to 30 LPA. However, if you choose to start your own business, initially your profits might be low, but gradually you can start earning well.
Also, read: Top 15 Short-term Courses after MBA to Boost Your Career
MBA is a versatile career option and can help you accelerate your career growth. You can earn a good salary after MBA. It is a desired qualification among MNCs and business organizations which makes it a lucrative career option after a bachelor’s degree.
Companies are willing to pay a huge salary after MBA, especially if you enrol in a tier-1 business school like IIMs or ISB. Tier-1 B-schools are known to ask for hefty fees and admit only the top scorers in CAT. However, if you focus on developing your leadership and management skills, any reputed B-school can get you a high-paying MBA job.
The average starting salary you can expect after completing an MBA is between INR 4 and 8.57 LPA. As you progress in your career and gain more experience, you can expect an annual salary between INR 14- 20 lakhs that can even go up to INR 30-45 LPA.
Marketing Management is the best specialization with the highest MBA salary in India. The average salary that you as a fresher can expect after completing MBA in Marketing Management is about 5 lakhs per annum. You can choose from various roles like a brand manager, marketing manager, and digital marketing manager, to name a few.
Marketing Management is the best specialization with the highest MBA salary in India. The average salary that you as a fresher can expect after completing MBA in Marketing Management is about 5 lakhs per annum. You can choose from various roles like a brand manager, marketing manager, and digital marketing manager, to name a few.
Human Resource Management is an excellent career option and sees the highest demand after MBA. The scope of an MBA in HR in the country has exploded as the demand for qualified human resources is increasing exponentially.
Candidates with MBA in HR Management enjoy starting salaries of INR 3 to 7 LPA. As you gain more experience and step into managerial or leadership roles, you may earn up to INR 18 LPA.
The salary range for finance MBA graduates in India varies depending on factors such as the type of job, the location, the employer, and the candidate’s experience and qualifications. Generally, MBA graduates in finance can expect to earn anywhere from Rs. 8 lakhs to Rs. 16 lakhs per annum. Experienced professionals with a finance MBA may earn up to Rs. 25 lakhs per annum.
The MBA specialization that is most highly paid varies from one industry to another. Generally, the most highly paid MBA specializations are finance, accounting, marketing, strategy, and consulting. Those in the technology industry may find that specializations such as information systems, data analytics, and software engineering are also highly paid.
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