Most people go for an MBA because it ensures a fine job with compromising pay and assures a management department's career. Many companies offer the highest MBA salary in India after completing the course in any management college. This article holds the answer to the question, "Which MBA has the highest salary?" and other relevant data based on management colleges. Master of Business Administration is one of the most popular postgraduate courses pursued by most of the students. The Master of Business Administration has evolved in recent years to meet modern world management and business solutions requirements.
- What is the Highest Salary of an MBA in India?
- List of Highest Paying Job Roles for MBA Graduates
- List of MBA Highest Salary Offered Based on Specialization
- Why are MBA Graduates Preferred?
- Highest Salary Paid for MBA Graduates in India
What is the Highest Salary of an MBA in India
The MBA graduates are in great demand across the different sectors; the MBA graduates are mostly preferred when any company undergoes recruitment because of skills and ability that the MBA graduates have developed throughout the program.
The trend of preferring MBA graduates has been increasing over the years. The companies prefer MBA graduates for the skills, abilities they exhibit, and the critical thinking and forming up of solutions whenever a problem arises the primary skills that MBA graduates should develop.
MBA graduates in India are offered the best lucrative jobs with handsome salaries. The salaries offered to MBA graduates mainly depend on their field of expertise, experience, and qualification. With industries changing in their business perspectives taking new shapes, the demand and scope for MBA graduates have undergone a rigorous decal. Companies hunt for multi-skilled talented professionals with expertise in domain skills and leadership and management skills.
MBA graduates must always be updated with the companies' trending skills that help build up their careers. This is true in every sense because when we consider that an MBA salary in India is directly dependent on how upskilled and updated an MBA graduate is.
List of Highest Paying Job Roles for MBA Graduates
- Project Manager
- Business Consulting
- Strategy Consulting
- HR Manager
- Marketing Manager
- Business Development Manager
- Investment Banker
- Operations Manager
- Business Analyst (IT)
- Senior Business Analyst
- Financial Analyst, SAP Consultant
- Marketing Executive.
The graduates can qualify as Project Manager after the completion of MBA under the Project Management or Operations Management stream. It holds the highest responsibility of taking care of an entire project, the product involved, and the employees' work. The job roles require a person who can bestow good strategies to solve the projects' problem. The project should be completed successfully within the time limit and the resources provided. The average salary is INR 12 LPA.
Almost all the companies employ HR Managers as human resource is the backbone of any organization, and one should value it the most. These managers' prime duty is to deal with the company's employees and tend to their needs. The job description of the managers includes employing efficient workers and deciding the pay. They are also supposed to organize training programs and engage specific provisions to benefit the workers. The average salary is INR 6,2 LPA.
Marketing teams are crucial for any company to create awareness about the products and offers available in their company. The marketing team takes the organization to the stage with other competitors. The Marketing Manager is the one to organize the work, and the team does the campaigns. The manager is supposed to bring up new ideas to market their product with innovative campaigns. Marketing Managers are people with creative minds. The average salary is INR 6.9 LPA.
Senior Business Analyst
The senior officials in the management departments of any business should sustain their reputation or create particular importance among the clients. These senior analysts analyze the organization's work in general and provide innovative ideas to take the business to the next level. They are also responsible for undertaking the competitor analysis and stay a step ahead of them. The average pay is around INR 9.8 LPA.
The top companies recruiting MBA graduates in India Accenture, Infosys Limited, EY (Ernst & Young), HDFC Bank Pvt Ltd, HCL Technologies Ltd, Amazon.com Inc, Wipro Technologies Ltd, Genpact, Cognizant Technology Solutions Corp, and Tech Mahindra Ltd
A business consultant is an individual who looks into the advising side of a firm/organization based on the needs. A business consultant is involved in implementation and planning on different businesses. Business consultants' primary role is to develop a business plan and provide solutions to business owners. The consultants are more specific on developing other market trends for the organization. Business Consultants also specialize in a lot of research and analyzing procedures.
Financial Analysts are specialists who work on different sets of securities and bonds. Financial analysts possess analytical skills for the analysis and research work they do. Financial analysts evaluate and compare the quality of securities in a given industry or firm. After considering, they provide advice based on the research, if the security is to be sold, bought, or put on hold considering the market and trends. The task is extremely analytical, and a lot of research and involved in the process, but it is rewarding at the same time.
Below is a table that has figures and job roles:
|Job Roles||Salary (LPA)|
|Business Development Manager||5-15|
|Human resource manager||3-5|
List of MBA Highest Salary Offered Based on Specialization
There are many specializations under the MBA, such as marketing, banking, human resources management, production management, etc. Let's see how the MBA salary in India varies according to the MBA specialization and which MBA course has the highest salary. The provided information also consists of the job description available for the particular stream of MBA along with its salary. The list contains the salary for the following branches.
- MBA Banking and Finance
- MBA in International Business
- MBA in Operations Management
- MBA in Human Resource Management
- MBA in Marketing
MBA Banking and Finance
The MBA Banking and Finance Graduates are offered lucrative jobs in various sectors like Corporate Finance, Credit Risk Management, Corporate Banking, Hedge Fund Management, Private Equity, Treasury, Sales, and Trading.
The average salary of an MBA in Banking and Finance in India is Rs. 6.75lpa. The salary increases with growing experience and knowledge.
MBA in International Business
An MBA in International business can open up significant pathways in India and Abroad. MBA International Business course gives students an edge as the course familiarises you with global market demands and business trends. According to payscale, an average MBA in International business candidate salary is Rs. 7.88 LPA.
MBA in Operations Management
Graduates with specialization in Operations Management are usually offered jobs in product/service-based sectors: logistics, Hospitality, Transportation, Manufacturing, Management Consulting, etc. The average salary of an MBA in Operations Management is around INR 8.02lpa.
MBA in Human Resource Management
With recent developments, HR professionals' job has gained increasing traction across all industry sectors for an MBA in Human Resource Management. Hence, HR Management professionals can find a plethora of opportunities in IT companies, retail companies, law firms, advertising firms, media houses, etc. MBA HR candidates earn around INR. 6.03lpa. The average yearly salary of MBA HR Manager INR. 7.56lpa and Senior HR Manager's salary is close to INR. 10lpa
MBA in Marketing
An MBA in Marketing graduates is the most preferred and popular among companies. MBA Marketing graduates are offered in sectors like Competitive Marketing, Business Marketing, Online Marketing, Analytical Marketing, Customer Relationship Marketing, etc. According to payscale, an MBA in Marketing graduate's average salary is around INR. 7.52lpa.
Why are MBA Graduates Preferred?
Master of Business Administration is a professional postgraduate degree in business administration and management and here, let's check why MBA graduates have worldwide recognition.
- Subjects like Management Theory and Practice, Leadership and Entrepreneurship, Financial Markets, Instruments, and Business & Corporations Law are part of the MBA curriculum. Accreditation bodies and type of affiliation, specifically for MBA courses, quality of education, and consistency.
- The course helps build various management skills that are required in the corporate world. MBA programs impart a robust theoretical foundation in business concepts. MBA programs provide valuable opportunities through internships, group assignments, and individual projects for self improvisation. MBA programs help build hard-skills in the areas of management and leadership.
- MBA graduates have a great range of soft-skills, like communication, motivation, and negotiation.
Due to the reasons mentioned above, you can easily understand why MBA graduates are the most preferred by companies from different sectors offering lucrative job opportunities.
Highest Salary Paid for MBA Graduates in India
|Name of Institutes||Highest Package(LPA)||Recruiting Companies|
|IMI Delhi||INR 20.75||CitiBank, ANZ Bank, ICICI Bank, Yes Bank, Tata Capital Axis Bank, Accenture, Capgemini, Wipro, HCL.|
|NMIMS Mumbai||INR 30.60||Bank of America, Max Life, JP Morgan, Dabur, Johnson & Johnson, Raymond, Whirlpool.|
|IIFT Delhi||INR 78||Amazon, Synergy Consulting, PPG Asian Paints, Tata Steel, Tata Motors, Wipro technologies, Airtel|
|IIM Kozhikode||INR 30.60||Casio, CEDAR, Cipla, Cognizant, Deloitte, Goldman Sachs, Microsoft, Raymond, Philips.|
|SPJIMR Mumbai||INR 63||Airtel, Amazon, Make My Trip, Accenture, Capgemini, Asian Paints, Johnson & Johnson.|
|IIM Ahmedabad||INR 72||Amazon, Accenture, Boston Consulting Group, JP Morgan, TAS, Airtel, Microsoft.|
|XLRI Jamshedpur||INR 43||Nestle, Pepsico, Coca Cola, Directi, HCL, TAS, Mahindra & Mahindra.|
|IIM Bangalore||INR 65||Deloitte, Boston Consulting, Accenture Strategy, Aditya Birla Group, Citibank, HSBC, ICICI Bank|
According to the annual survey report presented by the GMAC, there is a 90 percent demand for MBA graduates from India, all over Asia. About 52 percent of the participating companies plan to increase the base salaries of MBA graduates from the year 2019. The demand is also felt globally as 85 percent of the US-based companies and 64 percent of the European companies plan to hire fresh MBA graduates in the coming years.
Lucrative jobs with handsome salaries for MBA graduates mainly depend on the specialization field of MBA, and the years of experience are the main things that potentially affect salary. Now, you are aware of that question that matters the most: what is the highest salary of an MBA in India? The answer lies in the article, so make sure to read through the article.
Make sure never to stop learning new things and improving your knowledge and skill in your field of expertise as these are directly proportional to payslip.