What do you think about the MBA salary range in India? In today’s world, you will see that many jobs offering prefer MBA graduates. The skills and knowledge acquired during the MBA study help the MBA graduates to solve complex problems and think analytically. The MBA salary in India depends on the qualification and experience and how updated and upskilled in the fast-growing world.
There is fast-growing of business, and industries are also changing; companies now demand employees who have multi-skill talent and some soft skills such as leadership quality, team management, etc.
Based on specialization streams; MBA salary in India
1. MBA in Finance
Here are some list of jobs, source, and salary after completing MBA in finance
Jobs – The employment opportunities are Corporate finance, corporate banking, Credit risk management, sales and trading, treasury, private equity.
Salary in India – The average salary is Rs 678000 per annum, and it increases as one gain experience and knowledge.
Source – MBA finance candidates can get recruited in EY, HDFC banks, ICICI banks, TCS
2. MBA in Business Analytics
List of jobs MBA candidate can find after MBA in business analytics are:
Jobs – Information technology (IT sector), E-commerce, Healthcare, Financial Institutions
Salary in India – The average salary in India for MBA in business analytics is Rs 11 lakhs p.a. while fresher can get Rs 5-8 lakhs p.a. With the experience and knowledge, you can expect a salary of Rs 10-18 lakhs p.a. The senior at higher post gets the salary ranging Rs 30-55 lakhs p.a.
3. MBA in Marketing
Jobs – Some jobs are Competitive marketing, business marketing, online marketing, analytical marketing, and advertising management. MBA in marketing helps you get promotion in your company as the graduates develop leadership and communication skills. Marketing management professionals’ job opportunities are in the FMCG sector, marketing companies, IT sector, etc.
Salary in India – The average salary for MBA in marketing is Rs 752000 p.a.
4. MBA in Human Resource Management
Jobs – The employment opportunities for MBA in HR are IT firms, newspapers, law firms, advertising firms, media houses, etc. There is a growth in job opportunities for the candidates.
Salary in India – The average salary for an HR candidate is Rs 603000 p.a. For an HR manager, the pay is Rs 756000 p.a. The senior executive pay scale is Rs 1000000 p.a.
Highest paying Jobs for MBA candidates
Some of the highest-paying jobs for MBA candidates in India are
1. Investment Banker
Investment banker helps the company to grow and invest their capital through the purchase of equity. In addition, they provide advice and assistance whenever a company merges with another company or acquires an asset. They also look into the paperwork and see if all the government regulations are followed up.
The average salary for an investment banker is Rs 1000000 p.a.
2. Marketing Manager
The marketing Manager usually sees the plan and execution of the plans for the growth of the company. They set the budget and marketing campaign to conduct market research and collect the data to improve. Their role is to create a brand image of the company and increase their sales. Therefore, they should have more knowledge about different marketing teams. It is demanded by many companies to prevent becoming the victim of the recession.
The average salary is Rs 712000 p.a. and increases with experience.
For MBA graduates, business consulting and strategy consulting are the two best jobs.
The average salary is Rs 918000 p.a.
As the economy is rising faster, the demand for MBA graduates is increasing. Many companies demand MBA candidates with some soft skills like management and leadership. The pay grade of the candidates increases with the years of experience. As we have discussed some of the MBA salaries in India, these jobs are most in-demand in India. The candidates’ salary depends on how many skills they have, and you help the company grow.