MBA in India: High-Paying Jobs, Top Careers

By universitykart team, Posted on Jul 03, 2024
MBA in India: High-Paying Jobs,

According to GMAC’s Global Survey, ‘MBA is the most popular choice for graduate-level study among Indian students. ‘According to a report by Times of India, the employability of MBA graduates sits at 54%, which is the highest among different professional courses. There are more than 14k job offers currently on monsterindia.com and more than 58k jobs on the average annual salary of an MBA in India ranges between INR 7 LPA to INR 12 LPA for different specializations. Some of the desirable job positions such as Business Operations Management, Marketing manager, Operations Research Analyst, and Management Analyst are considered ‘hot jobs’ according to the US and World News Report.

Higher Pay

 On average, MBA graduates earn 67% more than those with just a bachelor’s degree, according to the Graduate Management Admission Council (GMAC). This can greatly improve your financial situation and future job prospects. 

Leadership Roles

 An MBA teaches you skills like strategic thinking, communication, and finance, which are valuable for leadership positions in companies. 

Changing Careers

 An MBA can help you switch to a different career by giving you a broad set of skills that are useful in many industries. 

Confidence

 Earning an MBA can be tough, but it can also boost your confidence by showing you that you have the skills to succeed in business. 

Entrepreneurship

 If you want to start your own business, an MBA can give you the knowledge and tools to do so. 

Global Opportunities

 An MBA is recognized worldwide, opening up job opportunities around the globe. 

What skills do MBA employers look for?

According to survey responses from corporate recruiters, the skills that employers most value in business school graduates include:

Strategic thinking

Communication

Leadership

Ability to navigate technological disruption

Versatility

 

Top MBA Careers

According to AIMS, banking, finance, consulting, marketing, manufacturing and technology are some of the fields that are craving for MBA graduates. When it comes to actual job titles, here is a list of some of the most in-demand jobs:

Job Profiles

Description

Average Salary (in INR)

Business Analyst

A Business Analyst is a professional who works within an organization to analyze, understand, and document the business processes and systems. 

9.5 LPA

Investment Banker

An Investment Banker is a finance professional who works within an investment bank or a financial institution, specializing in providing financial advisory services and raising capital for corporations, governments, and other entities. 

5 LPA

Chief Financial Officer

The CFO is a high-level executive responsible for managing an organization's financial actions, strategies, and operations. 

47.1 LPA

Product Manager

A Product Manager is a professional responsible for overseeing the development, strategy, and success of a product throughout its lifecycle. 

24.7 LPA

Management Consulting

Management consulting involves providing advisory services to organizations to improve their performance, solve problems, and achieve their goals. 

7 LPA

Asset Manager

An Asset Manager is a financial professional or entity responsible for managing investments and assets on behalf of clients, which can include individuals, institutions, or corporations. 

6.3 LPA

HR Manager

An HR Manager, or Human Resources Manager, is a professional responsible for overseeing the human resources department within an organization. 

12 LPA

Project Manager

A Project Manager is a professional responsible for planning, executing, and overseeing projects within an organization.

19.1 LPA

Sales Manager

A Sales Manager is a professional responsible for leading and managing a team of sales representatives or a sales department within an organization.

6.7 LPA

Marketing Manager

A Marketing Manager is a professional responsible for planning, executing, and overseeing marketing strategies and campaigns to promote a company's products, services, or brand.

12.5 LPA

Operations Manager

An Operations Manager is a key leadership role within an organization responsible for overseeing and managing the day-to-day operations and processes. 

10.4 LPA

Frequently Asked Question 

Ques 1. What are the high-paying MBA specializations in India?

Ans: The high-paying MBA specializations in India include Finance, Marketing, Consulting, Operations Management, Information Technology, and Human Resources. Specializations in niche areas such as Data Analytics and Business Analytics are also increasingly lucrative.

Ques 2. Which industries offer the highest salaries for MBA graduates in India?

Ans: Industries such as Investment Banking, Management Consulting, Technology, Pharmaceuticals, and Fast-Moving Consumer Goods (FMCG) typically offer the highest salaries for MBA graduates in India.

Ques 3. What are some of the top companies hiring MBA graduates in India?

Ans: Top companies hiring MBA graduates in India include McKinsey & Company, Boston Consulting Group, Bain & Company, Goldman Sachs, Morgan Stanley, Google, Microsoft, Hindustan Unilever, Tata Consultancy Services, and Infosys.

Ques 4. How can an MBA from a top-tier business school impact my career?

Ans: An MBA from a top-tier business school can significantly boost your career by providing a robust professional network, access to high-profile recruiters, comprehensive skill development, and greater credibility in the job market. Graduates from these institutions often secure higher salaries and rapid career progression.

Ques 5. What are the typical salary ranges for MBA graduates in India?

Ans: The salary ranges for MBA graduates in India can vary widely depending on the industry, role, and business school. On average, MBA graduates from top business schools can expect starting salaries between INR 10-30 lakhs per annum, with potential for significant increases with experience and performance.

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