MBA Salary 2023 In India – Average MBA Salary As Per Specialization

The salary of an MBA graduate depends upon the industry the person is working in and also the specialization he chose while pursuing MBA. Henceforth, you can check the average salary in India offered to an MBA as per the different specializations in this blog.

MBA Salary Based on Specializations

#1 MBA in Finance

MBA in financial management is a master’s degree program. It is a program for those interested in pursuing a career in financial management. It is responsible for the accounting and financial management of various IT companies and multinational corporations. This program opens up the following job opportunities for you: 

• Business Analyst
• Finance Officer
• Finance Manager
• Research Analyst
• Equity Research Analyst
• Accounts Officer
• Finance Executive

Now, the question is how much you can earn after completing MBA in Finance. The average salary that you get after Master of Business Administration in Finance is Rs. 7,46,000 per annum in India. However, you will get almost the same salary if you pursue your MBA in the online mode. 

Top Recruiters

• BCG
• JP Morgan Chase & Co. 
• McKinsey & Co. 
• Barclays
• KPMG

#2 MBA in Marketing

MBA in Marketing is a two-year post-graduate degree that people seek after completing their bachelor’s degree to further their education. This is the most traditional and well-known degree among students. The course will help you understand how a business or organization’s marketing works. Now, you might be wondering what job options are available for you after completing MBA in Marketing. There are the following job options for you after completing MBA in Marketing: 

• Marketing Manager
• Business Manager
• Business Analyst
• Public Relations Manager
• Brand Manager
• Marketing Analyst

The average salary of an MBA in Marketing graduate is Rs. 7,92,000 per annum in india and this annual income can increase manifolds when the individual gains good experience in the field. 

Top Recruiters

• ITC
• Flipkart
• Marico
• KPMG
• Amazon
• Deloitte

#3 MBA in Human Resource Management

MBA in Human Resources Management is a post-graduate degree for those interested in continuing their education after graduation. Before registering for an Online and Distance MBA in HR management, the applicant must have a bachelor’s degree in any area. Students with an MBA in HRM degree get more work opportunities.

Applying for jobs straight after graduating with a bachelor’s degree will not guarantee you a successful career. You will take the next step toward achievement after earning your Master’s degree. After earning your MBA in HRM, you will be able to advance your career and apply for better employment. The following are the positions for which you can apply:

• HR Manager
• Staffing Director
• Recruiter
• Employee Trainer
• Technical Recruiter

Students or working professionals who have completed MBA in Human Resource Management program will earn around Rs. 6,56,000 as per the data of Payscale. 

Top Recruiters

• Maruti Suzuki
• Genpact
• IBM
• Wipro
• Deloitte
• Amazon

#4 MBA in Business Analytics

MBA in Business Analytics (Online and Distance) is a professional degree programme that teaches future managers in visualising and evaluating business activity. Analytics is a dynamic business that is now growing manifolds, which is why many students are pursuing MBA in Business Analytics programmes. Customer analysis, statistical programming, database management, quantitative management, customer analysis, and other topics are covered in this programme. After completion of this course, you will get career opportunities like: 

• Big Data Analyst
• Management Consultant
• Business Analytics Specialist
• Operations Analyst

A Business Analyst in India can earn around Rs. 6,05,308 per annum and the salary of a Business Analyst with good experience can increase to Rs. 10 LPA. 

Top Recruiters

• Maruti Suzuki
• IBM
• Genpact
• BCG
• KPMG

#5 MBA in Operations

MBA in Operations is a postgraduate degree program that imparts knowledge about business operations in the industry. It includes planning, organization, supervision, and management of different verticals of the company. This specialization opens up managerial level positions for you after the completion of the program: 

• Logistics Manager
• Consultant
• Inventory Control Manager
• Operations Manager
• Technical Operations Manager
• Plant Manager
• Area Operations Manager

The average salary of an MBA in Operations Management in india is Rs. 9,28,000 and the average salary of different job positions are mentioned below: 

• Project Manager: INR 1,26,411 per annum
• Operations Manager: INR 9,92,157 per annum
• Management Consultant: INR 1,41,954 per annum
• Senior Business Analyst: INR 9,59,591 per annum

#6 MBA in Information Technology

MBA in Information Technology is one of the most profitable courses for students because of the surge in IT sector jobs. This specialization can actually help you in getting the highest paying jobs in India. There are several career chances for MBA IT remote learning hopefuls. It permits you to work for a variety of major multinational corporations both in India and abroad.

Because it deals with new technology and management, the IT sector is one of the most sought-after in the market. Even applicants who hold certifications can find a variety of professions in the field of information technology. For your convenience, some employment categories for the MBA IT Management programme are listed below. 

• IT Project Manager
• System Engineering Manager
• Data Analyst
• Computer Programmer
• Quality Assurance Tester
• Network Administrator
• Business Analyst

The average salary that an individual gets after MBA in Information Technology is Rs. 4,47,224 and the salary will increase 90% after gaining good experience. 

Top Recruiters

• Tata Consultancy Services (TCS)
• Reliance Industries Ltd.
• Cognizant
• Wipro
• Amazon
• BCG
• JP Morgan

Till now you understood which MBA specialization can actually help you in earning a good salary in future. Now let’s talk about the job positions that are going to help you in your future endeavours to earn a good amount. 

#7 MBA in Aviation Management

The study of airports, airlines, and enterprises in the aerospace industry is known as aviation management. This is a thriving sector with important positions; the work entails the planning, design, operation, and maintenance of aeroplanes. Aviation Management offers a wide range of opportunities for MBA graduates because it is the world’s fastest expanding industry.

Employment in this industry will skyrocket in the future years. Individuals with an MBA in Aviation Management will have a better possibility of getting better and higher designations. Available job positions after MBA in Aviation Management are as follows: 

• Aviation Planner
• Customer Relationship Manager – Airlines.
• Financial Analyst for airlines
• Operations Analyst for airlines
• Purchasing Manager for airlines

The average salary that a professional can earn after completing MBA from Aviation Management is Rs. 6-8 LPA. However, this salary package varies as per the job profile and it increases after gaining good experience in the same field. 

#8 MBA in Power Management

MBA in Power Management is a course that is not explored much by students. Its goal is to deliver high-quality education and training on energy efficiency. The programme is two years long and is divided into four semesters. Students can readily pursue careers in NTPC, Power Finance Corp., public and private sector power offices, and other industries after finishing an MBA in this subject. Job profiles that are available after MBA in Aviation Management are as follows: 

• Power Generating Officer 
• Power Supply Supervisor 
• Area Manager- Power Distribution 
• Research Associates 
• Plant Supervisor 
• Director- Manufacturer and Distribution 

The average salary one can earn after the completion o MBA in Power Management is between 3.5 and 8.5 LPA. 

#9 MBA in Fintech Management

Fintech Management is a detailed understanding of the logical structure with the limitations of business, new and old management, and marketing concepts, theories, and ideas. Fintech, basically means the fusion of finance and technology. Fintech opened the possibilities of using artificial intelligence and machine learning to assess investment opportunities, diminish risks, and much more. The job profiles this specialization offers are mentioned below:

• Data Analysis
• Artificial Intelligence and Machine Learning
• Wealth Tech and Robo Advisors
• RegTech
• Cyber Security
• Blockchain and Cryptocurrencies
• Mobile App Development
• Payments 
• Billing
• Money Transfer

#10 MBA in Business Management

MBA in Business Management is a course that combines better business knowledge with management skills. Students must get comprehensive knowledge and education through practical applications, procedures, business processes, and international business law in order to obtain an MBA in Business Management degree. This program opens up your way to different profiles in the industry: 

• Business Analyst
• Account Manager
• Business Development Executive
• Strategic Business Consultant
• International Business Manager
• Marketing Executive

#11 MBA in International Trade Management

The course will teach you how to recognise, manage, and assess international trends, policies, and strategies that will help you establish effective national and international trade management. You will learn to recognise various business management methods and demonstrate a global market in this meticulously prepared training.

A student will understand and manage trade concerns, cross-border trading, tax circumstances, and design policies for specialisation in international trade through this MBA in international trade management programme. The students of MBA International Trade Management can opt for the following job profiles: 

• Freight Auditor
• Business Analyst- International Trade
• Manager – international Trade 
• Business Development Manager
• Policy Analyst 
• Strategy Developer

The average salary one can earn after completing International Trade Management is Rs. 5-10 LPA. 

Top Recruiters

• Stellar Value Chain Solutions
• CTSI 
• Interlog Group
• Amazon
• Flipkart

#12 MBA in Retail Management

The course will teach you how to recognise, manage, and assess international trends, policies, and strategies that will help you establish effective national and international trade management. You will learn to recognise various business management methods and demonstrate a global market in this meticulously prepared training.

A student will understand and manage trade concerns, cross-border trading, tax circumstances, and design policies for specialisation in international trade through this MBA in international trade management programme. This course helps students in working for job positions like Retail Manager, Brand Manager, Marketing Executive, Department Manager, Store Manager, etc. The average salary of a Retail Manager or a Brand Manager is Rs. 7-16 LPA and the salary package also varies as per the company and experience. 

Source: glassdoor and Payscale

#13 MBA in International Business

The MBA in International Business Management is a rigorous and dynamic curriculum that prepares students for a fulfilling career in global business management.

Students who earn an MBA in international business will gain a comprehensive understanding of exports and imports, as well as worldwide market strategy, commerce, and globalisation. Students pursuing an online or distance MBA in international business management have a lot of options to hone their management and strategic thinking skills at the same time. Graduates of this online and distance learning programme may be in great demand and fetch larger pay packages.

Top Recruiters

• Sterling International 
• KPMG
• ITC
• LG
• Sony
• Flipkart
• Asian Paints 

#14 MBA in Oil & Gas Management

The MBA in Oil and Gas Management is for students who want to learn everything there is to know about the oil and gas industry. This two-year, four-semester postgraduate degree focuses on several facets of the oil and gas industry, including infrastructure, management, transportation, logistics, and supply chain.

Operations management, retail and marketing, pipeline operations, and logistic and supply chain management are just a few of the topics covered in Oil and Gas Management. MBA in Oil & Gas Management helps you discover different roles in the power and energy industry. 

• Business Development Representative
• Lab Supervisor
• Field Material Coordinator
• Maintenance Manager 
• Educationist 
• Oil Field Sales
• Business Analyst 
• Assistant Manager

The average salary that an MBA in Oil & Gas graduate can earn is Rs. 2-6 LPA and the salary varies as per your job profile and experience. You need to burn the midnight oil to get a tempting salary package. 

Top Recruiters

• Indian Oil
• Oil & Natural Gas
• Oil Plus
• Corp Oil
• Imperial Oil
• Marathon Oil 

Source: glassdoor

#15 MBA in Business Analytics

MBA in business analytics programme focuses on the areas of artificial intelligence, decision analysis, statistics, predictive modelling, marketing, and other such main areas within two years.  Studying the online and distance MBA in Business Analytics programme strengthens your ability to launch your own business, company, or startup from the ground level to a higher level.

Overall, an MBA degree holder develops their all-round skills whether personal or professional development. The average fees of this online and distance programme are a range between 50,000 to 5 LPA. However, the fees of the courses vary based on the university. The following program helps you in getting managerial level job positions in top companies and the profiles are: 

• Marketing Manager 
• Big Data Analyst 
• Management Consultant 
• Business Analytics Specialist 
• Senior Data Scientist 
• Predictive Modeller 

If you have completed the MBA in Business Analytics program and have gained big data analytics then chances are that you can earn up to Rs. 1million a year. 

Top Recruiters

• Tata Consultancy Services
• American Express
• PubMatic
• IBM
• Maruti Suzuki 

#16 MBA in Project Management

MBA in Project Management courses cover topics such as project financial analysis, risk management, technique implementation, and so on. Undergraduate students who pursue an MBA in Project Management are prepared to manage larger projects and serve as managers.

Candidates who have completed their graduation from a recognized university are eligible to apply for this programme. The cost of an online MBA in Project Management is on average INR 1,00,000. After the completion of this program whether in regular or online mode students can get job opportunities like: 

• Product Manager
• Project Manager
• General Manager
• Others

The average salary of a project manager in India is INR 12-20 LPA as per the data of Payscale.

Top Recruiters

• Cognizant Technology Solutions
• Amazon
• DXC Technology
• Tata Consultancy Services
• Byju’s
• Oracle
• Freshworks

#17 MBA in Healthcare Management

From Healthcare Management, you might have understood that this specialization is for medical professionals who are willing to work in hospitals, nursing homes, diagnostic centres, and clinics. This program involves the use of the latest technologies like telemedicine, AI and Blockchain implementation etc. MBA in Healthcare Management imparts the knowledge of Healthcare Laws, Ethics, medical tourism, and others. The career opportunities this program offers are: 

• Healthcare Information Manager 
• Assistant Operation Manager
• Oncology Coordinator
• Medical Practice Manager
• Hospital Administrator
• Claims Manager 

The average salary of a healthcare professional is 3-7 LPA and the salary package varies as per the experience and time, verified by different sources. 

Sources: glassdoor, Payscale

Top Recruiters

• Apollo Hospitals
• Accenture
• Genpact
• Cognizant
• EXL Services

#18 MBA in Real Estate Management

MBA in Real Estate Management is a postgraduate degree program the provides comprehensive knowledge of the real estate industry. The program includes in-depth knowledge of the real estate market like marketing, finance, research of the industry. With the understanding of property valuation, risk management, project management, and other topics, the Real Estate Management curriculum will help you better comprehend the sector.

The course’s high quality will assist you in adapting and adopting a data-driven strategy to managing real estate business and risks. Both business management and real estate can be quickly mastered. Also, students can apply for the following job positions: 

• Commercial Real Estate Agent 
• Real Estate Investor 
• Residential Appraiser 
• Commercial Appraiser 
• Property Manager 
• Leasing Consultant 
• Foreclosure Specialist 
• Real Estate Attorney 

#19 MBA in Strategic Marketing

MBA in Strategic Marketing program is a holistic course for students who are willing to learn marketing strategies to run an efficient marketing agency. This program includes subjects like Google ads, Social Media Marketing, SEO, and other marketing concepts. Here, you will get the skills to interpret customer behavior and ways to reach out to the target audience. The program helps students in getting the following jobs: 

• Brand Management 
• Product Management 
• Digital Marketing Manager 
• Media Management 
• Advertising 

The average salary of a Brand Manager varies from 9 LPA to 30 LPA, whereas the salary package of a Digital Marketing Manager varies from 6 LPA to 11 LPA. However, the salary package depends upon job profiles, experience, and companies. 

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Do Online MBA Programs offer you the same salary package?

Yes definitely, because the value of online MBA programs is the same as regular MBA programs and employers know this. However, you must check that the university from which you are pursuing your MBA program is UGC approved and offers a valuable learning management system. Working professionals who are unable to pursue their MBA courses in the regular mode due to hectic schedules then they can go for online MBA courses. Top Management universities that offer online MBA programs are NMIMS, Chandigarh University, Jain Online, etc.  

Top 3 Highest Paying Jobs After MBA

#1 Management Consultant

The average salary of a management consultant in India is Rs. 21 LPA and candidates can earn even more after gaining good experience in this field. A Management Consultant helps organizations in production, management, and maintaining company image. The management consultant is responsible for identifying current problems and potential risks to help the organization in dealing with them efficiently. 

#2 Project Manager

The majority of MBA graduates work as project managers in giant firms like the big four in India. A project manager must participate in all elements of the project. A project manager is responsible for the complete and proper execution of a project, from planning and strategizing to financial projections and team development, and MBA graduates are typically the first pick. The average salary of an MBA Project Manager graduate is Rs. 15 LPA and a candidate can even earn as high as Rs. 30 LPA after gaining good experience in this field.

Some of the top recruiters for MBA in Project Manager graduates are Infosys, IBM, Accenture, TCS, Accenture, and more. 

#3 Data Scientist

A data scientist is someone who analyses business and industry trends using data. It is one of the highest-paying positions in India, with a starting compensation package of approximately INR 6LPA. A Data Scientist with at least 5 years of experience may expect to make roughly INR 22LPA.

Imagine a writer earning only INR 3LPA, and you’ll consider yourself lucky if this is your field of interest or if you’ve earned an MBA specialisation in IT. The average salary of a data scientist in India is Rs. 10 LPA and the salary can increase with time to Rs. 22 LPA, as per the data of glassdoor. 

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Conclusion

This blog provides a comprehensive understanding of how an MBA can earn in India. Here, you can find the average salary of managers working in different industries. The salary of an MBA differs as per the specialization chosen and the industry he/she is working in. So, you can figure out the average salary that you can earn after pursuing MBA in different specializations in the blog. On top of everything, you can even check the top recruiters in different management areas.