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The salary of an MBA graduate depends upon a number of factors, including those like the industry the person is working in and also the specialization they chose while pursuing MBA. Further, the years of experience the MBA graduate has in addition to the qualification is of great importance in deciding the salary one can earn.
This blog brings to you updated facts and figures about the salaries that an MBA graduate can earn in India with respect to the various specialisations. Further, we have provided you further information about the high-paying jobs in the field of management that can help you build a successful management career.
MBA Salaries Based on Specializations
1) MBA in Finance
MBA in financial management is a master’s degree program of 2 years for those interested in pursuing a career in the financial and banking sector. This job domain entails the accounting and financial management of various IT companies and other multinational corporations. This program opens up job opportunities like those mentioned below:
- Business Analyst
- Finance Officer
- Finance Manager
- Research Analyst
- Equity Research Analyst
- Financial Consultant
- Accounts Officer
- Financial Risk Analyst
- Finance Executive
This field is quite well-compensated by the reputed firms and MBA graduates in the finance specialisation are quite in demand in the industrial domain. The average salary that one can earn after their MBA in Finance is nearly Rs. 8,01,000 per annum in India. This salary range will grow with further years of experience.
Source: Payscale
Top Recruiters
- BCG
- Accenture
- JP Morgan Chase & Co.
- McKinsey & Co.
- Barclays
- ICICI Bank
- KPMG
- HDFC Bank
- HSBC
- Kotak Mahindra Bank
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 in marketing and sales. This is one of the traditional and well-known management degrees among students. The course enables students to understand how a business or organization’s marketing works, grows and achieves the business growth goals. There are a number of job options for you after completing MBA in Marketing, a few of which have been mentioned herein:
- Marketing Manager
- Business Manager
- Business Analyst
- Public Relations Manager
- Brand Manager
- Marketing Analyst
- Market Strategist
- Market Risk Planner
The average salary of an MBA in Marketing graduate is Rs. 8,80,000 per annum in India and this annual income can increase manifolds when the individual gains good experience in the field.
Source: Payscale
Top Recruiters
- ITC
- Flipkart
- Marico
- KPMG
- Amazon
- Cognizant
- Deloitte
3) MBA in Human Resource Management
MBA in Human Resources Management is a 2-year postgraduate degree for those interested in continuing their education after graduation in the domain of personnel and human resource management. Students with an aptitude of understanding and managing human processes in an organisation can take this course up.
While simply having a Bachelor’s degree in management may not guarantee career escalation, taking up an MBA in HRM will facilitate advancement of your career and better employment. The following are a few of the positions for which you can apply:
- HR Manager
- Staffing Director
- Recruiter
- Employee Trainer
- Technical Recruiter
- HR Analyst
Students or working professionals who have completed an MBA in Human Resource Management program can earn around Rs. 7,04,000 as per the data of Payscale.
Source: Payscale
Top Recruiters
- Maruti Suzuki
- Genpact
- TCS
- IBM
- Wipro
- Accenture
- Deloitte
- Bain and Co
- Amazon
4) MBA in Business Analytics
MBA in Business Analytics is a professional degree programme that teaches future managers in visualising and evaluating business activity on the basis of data insights. Analytics is a dynamic domain that is growing manifolds in recent years, leading many students to pursue an MBA in Business Analytics. Customer analysis, statistical programming, database management, quantitative management, customer analysis etc. are a few of the topics 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
- Data Analyst
- Business Strategist
A Business Analyst in India can earn around Rs. 7,00,000 per annum and the salary of a Business Analyst with a few years of experience can increase up to Rs.10 LPA.
Source: Ambition Box
Top Recruiters
- PwC
- Genpact
- Accenture
- Maruti Suzuki
- IBM
- Genpact
- Deloitte
- BCG
- KPMG
5) MBA in Operations
MBA in Operations is a postgraduate degree program that imparts knowledge about business operations in the industry as well as their effective planning, implementation and overall management. It includes aspects like effective 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 and is quite beneficial for career growth being one of the highly paid specialisations in MBA. The prominent and well-paid domains of jobs in operations include:
- 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 graduate in India is Rs. 10,00,000 and the average salary can see a growth up to two times with increasing experience.
Source: Payscale
6) MBA in Information Technology
MBA in Information Technology is one of the most profitable courses for students of management because of the surge in IT sector jobs with India’s rapid digital progress. This specialization can actually help a student in getting the highest paying jobs in India in the field of management. Because the specialisation deals with new technology and management, the IT sector is one of the most sought-after in the market with respect to career development. Candidates who hold certifications related to IT can find a variety of professions in the field of information technology. A few of the top employment domains for graduates in MBA IT Management 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. 10,00,000 and the salary can increase by nearly 40% after gaining good experience.
Source: Payscale
Top Recruiters
- Tata Consultancy Services (TCS)
- Reliance Industries Ltd.
- Deloitte
- Cognizant
- Wipro
- Amazon
- BCG
- JP Morgan
- IBM
- Infosys
7) MBA in Aviation Management
The study of airports, airlines, and enterprises in the aerospace industry as well as the management of their various aspects is known as aviation management. This is a thriving sector with important and highly paid job positions; the job responsibilities entail the planning, design, operation, and maintenance of aeroplanes. Aviation Management offers a wide range of opportunities for MBA graduates as the need for professionally trained managers for the aviation industry is being recognised.
Employment in this industry is expected to skyrocket in the future years. Individuals with an MBA in Aviation Management have the chance of getting better and higher designations in the job domain with time. A few of the 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
- Airline Import and Export Manager
- Immigration Officer
The average salary that a professional can earn after completing an MBA in Aviation Management is Rs. 9,40,000 per annum. However, this salary package varies as per the particular job profile and years of experience in the field.
Source: Payscale
Top Recruiters
The recruiters of MBA graduates in aviation management primarily include the various public and private airlines such as:
- Jet Airways
- Indian Airways
- Kingfisher
- IndiGo
- SpiceJet
- Paramount Airways
8) MBA in Power Management
An MBA in Power Management is a specialisation that is yet not fully explored by many students. This specialisation is centred around the goal of delivering high-quality education and training in energy efficiency and sustainable energy management. The programme is two years long and is divided into four semesters. Students can readily pursue careers in energy firms and production companies and giants like NTPC, Power Finance Corp. and private sector power offices 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 of an MBA in Power/Energy Management is between Rs. 9 LPA to Rs. 10 LPA.
Source: Payscale
Top Recruiters
A few of the top recruiters of MBA (power management) graduates include:
- NTPC
- BHEL
- Reliance Industries
- JSW Energy
- Power Grid Corporation of India
- ONGC
- Hindustan Petroleum
9) MBA in Fintech Management
Fintech Management is a detailed understanding of the use of technological advancements in the financial management of a firm or company. Fintech, as the name suggests, is basically an approach of management consisting of a fusion of finance and technology. Fintech has opened up possibilities of using artificial intelligence and machine learning to assess investment opportunities, diminish risks and much more. An MBA in Fintech management acquaints students with such concepts and technological skills. The job profiles that graduates in this specialization can explore have been mentioned below:
- Wealth Tech and Robo Advisors
- RegTech
- Cyber Security
- Financial Manager
- Financial Risk Analyst
The average salary that an MBA graduate in the specialisation of fintech can earn is INR 4.45 LPA. Graduates can also explore jobs in the pure finance field, which is a much advanced domain in India allowing for higher CTCs to students.
Source: Payscale
10) MBA in Business Management
MBA in Business Management is a course that combines business knowledge with management skills enabling students to gain a skill set and detailed knowledge that can come handy in a number of professional settings. In this specialisation, students get comprehensive knowledge and exposure to business management tactics and principles such as their practical applications, procedures, business processes, and international business law. This program opens up your way to different profiles in the industry like:
- Business Analyst
- Account Manager
- Business Development Executive
- Strategic Business Consultant
- International Business Manager
- Marketing Executive
The average salary that an MBA Business Management can expect to earn in India is nearly INR 9 LPA to INR 10 LPA. The scope for salary hike and growth is quite high in the field as it is a vast specialisation that allows skill development in broad domains of management, allowing professionals to explore multiple job arenas.
Source: Payscale
Top Recruiters
A few of the most well-paying hirers of business management graduates include:
- Deloitte
- Amazon
- Flipkart
- Wipro
- Tata Consultancy Services (TCS)
- IBM
- Infosys
- ICICI Bank
- HDFC Bank
11) MBA in International Business Management
This course will teach students the know-how about recognizing, managing, and assessing international laws, policies, and strategies for establishing effective national and international businesses. This specialization focuses on the various business management methods and strategies useful for gaining global market dominance for a business. The MBA program in International Business Management is a 2-year PG degree that is quite a popular specialization choice for students. In this specialization, a student will understand and manage trade concerns, cross-border business, international taxation circumstances, and policies, import-export processes and management etc. The students of MBA International Business Management can opt for the following job profiles:
- Freight Auditor
- Business Analyst- International Trade
- Manager – International Trade
- Import Officer
- Export Officer
- Policy Analyst
- International Marketing
- Strategy Developer
The average salary one can earn after completing an MBA in International Business Management is Rs. 9.5 LPA to Rs. 10 LPA.
Source: Payscale
Top Recruiters
A few of the top recruiters and hirers of graduates having studied international business management include:
- Stellar Value Chain Solutions
- CTSI
- Aditya Birla Group
- Interlog Group
- Amazon
- Flipkart
- Deloitte
- Cognizant
12) MBA in Retail Management
An MBA in Retail Management is a 2 year PG degree course that trains students in the nuances of retail and sales management for achieving business goals and targets. This course helps students in working for job positions like Retail Manager, Brand Manager, Marketing Executive, Department Manager, Store Manager, etc. A few of the job roles in this domain that offer competitive salary packages to graduates include:
- Retail Manager
- Sales Supervisor
- Marketing Manager
- Store Manager
The average salary of a Retail Manager or a Brand Manager is Rs. 7.5 LPA and the salary package also varies as per the company and years of experience.
Source: Payscale
Top Recruiters
The top companies and enterprises offering jobs to individuals trained in retail management include:
- Flipkart
- Amazon
- Citibank
- Deloitte
- Cognizant
- Puma Industries
13) 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 such as:
- Oil Field Supervisor
- 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. 7.5 LPA and the salary varies as per your job profile and experience.
Source: Payscale
Top Recruiters
- Indian Oil
- Oil & Natural Gas
- Oil Plus
- Corp Oil
- Imperial Oil
- Marathon Oil
14) MBA in Project Management
MBA in Project Management courses cover topics such as project financial analysis, risk management, technique implementation, and so on. Postgraduate students who pursue an MBA in Project Management are trained to manage large projects and serve as managers in firms and corporations for effective implementation of projects and large-scale tasks. An MBA in Project Management is a popular choice of management education and has quite a bright scope of career development in India. After the completion of this program, students can get job opportunities like:
- Project Manager
- Product Manager
- General Manager
- Project Planner
- Management Strategist
The average salary of a project manager in India is Rs. 10 LPA - Rs. 12 LPA as per the data of Payscale.
Source: Payscale
Top Recruiters
- Cognizant Technology Solutions
- Amazon
- Accenture
- DXC Technology
- Tata Consultancy Services
- Byju’s
- HCL
- General Electrics (GE)
- Oracle
- Freshworks
15) MBA in Healthcare Management
As the name of the specialisation suggests, an MBA in healthcare management is a course specialisation for managers and professionals who are willing to work in hospitals, nursing homes, diagnostic centres, and clinics etc. in managerial roles. This program involves the study of the use of the latest technologies like telemedicine, AI and Blockchain implementation etc. in the healthcare sector for enhanced services. An MBA in Healthcare Management imparts the knowledge of areas like healthcare laws, ethics, medical tourism, etc. The career opportunities this program offers are:
- Healthcare Information Manager
- Hospital Materials Supply Manager
- Healthcare Financial Consultant
- 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.
Source: Payscale
Top Recruiters
- Apollo Hospitals
- Max Hospitals
- AIIMS
- Fortis Hospitals and Healthcare
- Sir Gangaram Hospitals
16) MBA in Real Estate Management
MBA in Real Estate Management is a postgraduate degree program that provides comprehensive knowledge of the real estate industry. The program includes coverage of subjects related to the real estate market like marketing, finance, research of the industry, property valuation, risk management, project management etc. This course curriculum helps students better comprehend the sector and explore top jobs in real estate. Students completing this course 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
The average CTC that an MBA graduate in the specialization of real estate management can garner is nearly Rs. 9 LPA to Rs. 9.5 LPA. The scope of career development is also sufficiently high as one can progress from working in real estate jobs to even establishing one’s own real estate firm.
Source: Payscale
Top Recruiters
A few of the top recruiting companies for this job domain include:
- Godrej Properties
- L&T Realty Ltd.
- Supertech
- Ajnara Group
- DLF Ltd.
- Ashiana Housing
17) 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, digital marketing and other marketing concepts and subjects. Here, you will learn about the concepts and skills to interpret customer behaviour and strategies to reach out to the target audience. The program helps students in getting jobs like:
- Brand Management
- Market Strategist
- Product Management
- Digital Marketing Manager
- Media Management
- Advertising Head
The field of strategic marketing is quite well-paid considering it helps students acquire an amalgam of skills pertaining to both marketing management and strategic management. The average salary that a strategic marketing manager can earn is Rs. 20 LPA. 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 is also contingent upon the particular job profile, years of professional experience and companies.
Source: Payscale
Top Recruiters
- Cognizant
- BCG
- TCS
- McKinsey and Co
- Deloitte
- Microsoft
18) MBA in Artificial Intelligence and Machine Learning (AI and ML)
With the advent of technology and artificial intelligence gaining an increasing forefront, an MBA in Artificial Intelligence and Machine Learning (AI & ML) can be a very beneficial specialisation to go for. This 2-year PG degree trains students about the effective use of and management of AI and ML-driven systems and technologies for businesses and in corporations. This course includes the study of computer programming, AI systems, database management, machine learning, statistics and research methodology etc.
A few of the top job roles you can explore once you complete the study of this course include:
- AI Expert
- Data Analyst
- Data Engineer
- Strategy Consultant
- Simulation Manager
- Machine Learning Engineer
The salary packages offered to students with this specialization are quite competitive, considering that IT firms are increasingly hiring trained professionals in AI and ML systems and their management. The average salary that an MBA graduate in AI and ML can earn is nearly INR 9 LPA. While for freshers the exact salary package may be in a slightly lower range, with experience in the field, the compensation is likely to hike manifold.
Source: Payscale
Top Recruiters
The top hiring companies and MNCs that place MBA AI and ML graduates include:
- Dell
- HCL
- HP
- IBM
- Infosys
- Microsoft
- Open AI
19) MBA in Data Science
Data science is one of the most rapidly growing career sectors in India (and across the globe) at the current moment and is expected to boom exponentially in the upcoming years as a mainstream career option. An MBA in Data Science is a 2-year degree course that provides detailed knowledge and training in the use of data analytical tools for business decisions and growth. The career scope of this degree is on the growing graph and the horizon of opportunities for developing a career in data science is also widening with each passing year in India. Mentioned below are a few of the job titles that data scientists can get after completing an MBA in data science:
- Data Scientist
- Data Analyst
- Data Engineer
- Analytics Manager
- Data Modelling Analyst
- Business Intelligence Analyst
The average salary that a data scientist in India can earn with nearly 2-4 years of professional experience is around Rs. 9.2 lakhs per annum. Freshers can easily earn anywhere between Rs. 4-5 LPA while experienced data scientists can earn anywhere between Rs. 15 LPA to Rs. 20 LPA.
Source: Payscale
Top Recruiters
- Deloitte
- Cognizant
- HCL
- HP
- Tata Consultancy Services
- Accenture
- Amazon
- Flipkart
- IBM
20) MBA in Logistics and Supply Chain Management
Logistics and supply chain management are of the prime factors impacting the success of a product-based organization as it ensures the efficient management of all the aspects of the procurement, processing, storage, chain, delivery etc. of products and services of a company. In an MBA in Logistics and Supply Chain Management, students learn about aspects like market ethics, market economics, warehouse management, materials management, storage and delivery management, supply chain analytics, cargo logistics, global supply chain, etc. throughout the period of 2 years. After completing this degree, students can explore job options like:
- Supply Chain Manager
- Procurement Manager
- Logistics Managers
- Purchasing Manager
- Demand Manager
- ERP Consultant
The average salary that a logistics manager can earn is nearly Rs. 6.6 LPA, while a supply chain manager can earn up to Rs. 9.5 LPA. After completing this degree, a graduate can earn anywhere between Rs. 6 LPA to Rs. 6.7 LPA.
Source: Payscale
Top Recruiters
- Larsen & Toubro
- Genpact
- Johnson and Johnson
- Wipro
Here is a list of some topics related to career options for the future in India:
Can an Online MBA Also Provide Similar Job Options?
Yes definitely, students pursuing an online MBA would not suffer any restrictions when it comes to jobs and professional opportunities because the value of an online MBA program has been deemed equivalent as a regular MBA program by the UGC-DEB. Hence, employers cannot discriminate when providing job opportunities to students having completed a regular MBA and an online MBA.
However, you must check that the university from which you are pursuing your MBA program is UGC-DEB approved for providing online education and offers a valuable learning management system. Students and working professionals who are unable to pursue their MBA courses in the regular mode due to hectic schedules or any other reason can go for online MBA courses. Top Management universities that offer online MBA programs include Chandigarh University, Jain Online University, Amity University Online, LPU Online, SASTRA Online University etc.
Top 3 Highest Paying Jobs After MBA
1) Management Consultant
The average salary of a management consultant in India is Rs. 12 LPA and candidates can earn even more after gaining good experience in this field. A Management Consultant helps organizations in production, management, and upholding company standards and policies. The management consultant is responsible for identifying current problems and potential risks to help the organization in dealing with them efficiently.
Source: Payscale
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 and supervise and manage them effectively to ensure efficient implementation. 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. 13.8 LPA and a candidate can even earn as high as Rs. 30 LPA after gaining good experience in this field.
Source: Payscale
Some of the top recruiters for MBA graduates in Project Management are Infosys, IBM, Accenture, TCS, Accenture, and more.
3) Data Scientist
A data scientist is someone who analyses business and industry trends using data to arrive at business solutions. It is one of the highest-paying positions in India, with a starting compensation package of approximately INR 7 LPA. A Data Scientist with 2-5 years of experience may expect to make roughly INR 9.5 LPA.
Source: Payscale
Here are some other topics related to the data science Industry:
Conclusion
This blog provides you with a comprehensive guide to understand how much an MBA graduate can earn in India as per their specialisation. Here, you can find the average salary of managers working in different industries. The salary of an MBA graduate differs as per the specialization chosen, the industry they are working in, their years of experience as well as the college that they completed their education from.
