MBA Salary Guide : Starting Salaries & Highest Paying MBA Concentrations

MBA Salary Guide: Starting Salaries & Highest Paying MBA Concentrations

Did you know that prospective management professionals with an MBA (Master of Business Administration) degree have a better chance of enjoying a higher salary than non-MBA professionals?

Yes, it is the truth. According to a leading survey, an MBA professional in India can earn an average of 7 lacs per annum, with the highest package going up even to 32 lacs. This staggering figure is an indication that a future after an illustrious MBA journey from top-reputed business schools in India can offer you life-changing career advancement opportunities that you have always been yearning for!

Human Resource Management

In this complex and evolving business world, an MBA in Human Resources Management will help you qualify for more jobs, make more money, and take on more responsibility, either in your current workplace or in a new organisation. You can work in any industry, be it IT (information technology), healthcare, manufacturing, retail, FMG, insurance, banking, etc., working to settle and handle the activities related to the hiring of employees, looking after the welfare of the employees, salary settlement, training and development, etc. as per the company policy.

• Source - AmbitionBox and Glassdoor

Healthcare Management

If there is any field that is dynamically growing with each passing day, then it is healthcare. According to a verified government portal, India's healthcare industry has been growing at a compound annual growth rate of around 22% since 2016. This implies that there will be more and more jobs created in this field. However, there will be a lack of specialised professionals who can fill the gap. Therefore, to meet the growing demands of the market, an MBA in Healthcare Management can provide much-needed employment to individuals.

After your graduation, you can land administrative job roles in sectors such as hospitals, clinics, diagnostics, pharmaceuticals, medical devices and equipment, health insurance, health technology, etc.

• Source - Collegedunia

Finance and accounting 

MBA graduated have a rich scope in finance and accounting departments of leading organizations of every industry.

• Source - Payscale.com

Investment banking 

MBA graduates can choose to start a career in investment banking, as they have a huge opportunity in this field.

• Source - Collegedunia

Supply Chain Management

If you are someone who is curious about what happens behind the doors of your favourite grocery store, then MBA Supply Chain Management will help you set the foundation for a great future ahead. A career after an MBA in Supply Chain Management will land you in several reputed job roles in leading manufacturing, retail, the navy, shipping, defence, warehouses, etc. You will get to showcase your skills and knowledge in top organisations around the world, such as Amazon, Frito-Lays, Cadbury, Intel, Apple, Walmart, Nike, etc.

• Source - Collegedunia

Technology Management

Getting your MBA in Technology Management from leading B-Schools in India will help you understand complex new technological concepts with a touch of managerial expertise. During the two-year tenure of being exposed to the curriculum of an MBA in Technology Management, you will learn how to do product analysis, assess emerging trends, and develop communication skills. All of these will help you explore lucrative career opportunities in IT, business intelligence and analytics, UI experience, innovation, and strategic management.

• Source - Glassdoor

Non-Profit Management

It’s true that everything around us is growing rapidly with each passing day. However, this also means that the number of societal, humanitarian, environmental, etc. problems is also increasing. Therefore, non-profit organisations are created to help people and society, and in such circumstances, an MBA in non-profit management will qualify you to take on a variety of managerial, administrative, and leadership roles in all types of non-profit organisations (either government or private).

• Source - Glassdoor and AmbitionBox

Real Estate Management

It is imperative that a career in real estate is forever booming, especially if you are pursuing an MBA in real estate. Once you gain knowledge of the concept of real estate and the ability to make sound and bold decisions in favour of the company, you can seek great positions in the world of real estate multinationals. Some of the top companies that look out for candidates with a background in MBA Real Estate are DLF, Reliance, Ambuja, Ansal, Lodha Group, etc.

• Source - Collegedunia

Project Management

Are you someone who is passionate about working with top management? If so, an MBA in Project Management can be the right choice for you to advance in your career. You will gain skills and knowledge in planning, executing, monitoring, and closing a project within a specific timeline with the help of a diverse team of people. An MBA in Project Management from reputed B-Schools in India can provide you with lucrative career opportunities in the fields of IT, construction, consulting, etc.

• Source - AmbitionBox and Glassdoor

International Business

It’s a fact that with each passing day, we are going more and more global. Therefore, if you are an individual who wants to make a name in this global market with evolving technology and networking, an MBA in International Business is the right career option for you. You will be able to work in diverse fields in the public and private sectors, such as retail, logistics, airlines, hospitality, etc.

• Source - Career360 and AmbitionBox

Environmental Management

In this century, all of us are moving towards building a sustainable ecosystem, and this includes all kinds of businesses that we are coming up with. So, if you want to be a part of this globalisation while taking care of the planet, an MBA in Environmental Management will turn around your career like no other! This degree programme will provide you with ample job opportunities in several organisations that are moving towards sustainability, such as UNICEF, WHO, and other non-profit organisations, etc.

• Source - Collegedunia and AmbitionBox

BFSI -

The Banking Financial Services and Insurance sector requires MBA graduates the most. The financial, management, and accounting skills that they learn in their academic life are highly valuable for this sector.

• Source - Payscale.com

Sales and Marketing 

MBA graduates have a huge demand in the field of Sales and Marketing. A large number of MBA freshers are hired by private sector businesses and start-ups at the entry-level. Though these are well paying jobs, and in addition they provide a higher scope of learning and experience.

• Source - Payscale.com

Business Consultancy 

Consultant is a role that is generally offered to both fresher and experienced MBA professionals, and it is a great way of starting their careers in the business world.

• Source - GMat

Ecommerce Consultant 

With the rapid increase of eCommerce companies, there is a huge spike in the transactions on eCommerce platforms. This sector also provides huge scope for BBA graduates to kick start their careers.

• Source - Payscale.com

Entrepreneurship

An MBA in Entrepreneurship is an innovative degree programme that provides a general understanding of knowledge and skills useful across all aspects of a business. This MBA programme elevates your potential to become an entrepreneur who has a sound understanding of the market and how he or she should utilise its resources to build an organisation or take it to the next level.

After completing your MBA degree, you can become an entrepreneur and start your own business, as you will have the required knowledge base and network of peers and mentors who can provide you with ideas and opportunities to start your own thing. There are also some degree programmes that offer additional support through a start-up "incubator" system that consists of pitch sessions with actual investors, grants and sponsorships for new businesses, and supportive aid through meetings with local business organisations.

Public Sector jobs 

Numerous government agencies recruit MBA graduates for various posts. The government sector offers job security, status, and immense growth potential and hence great scope for MBA pass-outs to start their career. Salary of MBA passouts in public sector depends upon the post they are hired. Their grade pay and the dearness allowance the government is providing at that time.