Which are the Best-Paying MBA Jobs in India?

Introduction

Master of Business Administration is one of the career-oriented courses worldwide and various MBA jobs in India offers great salary. After MBA, jobs are granted based on academic performance, presentation skills as well as interviews. This course focuses on the overall development of the personality of an individual candidate. Besides that, there are numerous specializations in MBA. The most popular MBA courses in India are MBA in Finance, Marketing, International Business, Human Resource Management, Healthcare, IT, and Supply Chain Management.

Investment Banker is one of the highest paying jobs after MBA in India. Some other highest paying jobs in the field of management are Project Manager, Business Development Manager, Consulting jobs, and Marketing Manager. The main role of the manager is to supervise and handle a set of people in an organization or unit to carry out the work efficiently. Thus, the candidates who wish to pursue MBA must possess leadership qualities to deliver the duties effectively.

Indian Institute of Management also known as IIM is the best MBA institute in India. IIM Ahmedabad is the top-most management institute that offers exceptional placement opportunities to candidates. Besides that, there are different levels of MBA courses in India, such as executive, distance MBA, part-time MBA, PGDM, etc. Thus, you can choose the type of course at your convenience.

Top MBA Colleges in India that offer the highest placement

MBA is the most popular PG course. There are almost 5000+ public as well as private colleges that offer 2-year MBA courses. Besides that, various open schools also offer MBA in variable modes such as executive MBA, online, or distance MBA. According to MHRD-NIRF Ranking, IIMs are considered the top MBA institutes in India. IIM Ahmedabad, IIM Calcutta, IIM Bangalore, IIM Kozhikode, and IIM Indore are amongst the top 10 institutes. They also offer the best placements to MBA graduates.

Some other Business Schools in India that offers MBA Jobs with the highest placement:

• XLRI Jamshedpur- INR 20.01 LPA
• MDI Gurgaon- INR 19.17 LPA
• SPJIMR- INR 22.1 LPA
• IIFT- INR 18.27 LPA
• JBIMS Mumbai- INR 18.91 LPA
• IIM Ahmedabad- INR 26.13 LPA
• Department of Management Studies of the IITs 
• FMS Delhi- INR 21.1 LPA
• IIT Madras- INR 16.66 LPA

The average fee structure of the best MBA colleges and B-Schools ranges from INR 8 LPA to INR 23 LPA. Furthermore, IIM charges a high fee but it is worth it as it possesses the best infrastructure and highly experienced teachers. In addition, it also offers the best placements with the highest CTC. Lastly, admission to top MBA colleges strictly takes place based on National-level entrance scores followed by GD and PI. Thus, all the aspirants have to get a good rank in the entrance test.

MBA Jobs in India

Master of Business Administration is the most demanded Postgraduate course in India. Before applying to the MBA program the applicant must make sure that they fulfill the basic eligibility criteria of the college. This course generally teaches about various aspects of management as well as business. Besides that, it also teaches about solving critical problems, decision making, and reach to the final result. Nowadays, most job vacancies mention MBA preferred. Thus, the demands of MBA graduates are increasing day by day.

There could be infinite reasons to opt for an MBA and build a career in the field of Marketing and management. MBA jobs in India offer various advantages such as a hike in salary, promotion; enhancement in knowledge, better networking, good work profile, etc. You can also become an entrepreneur to initiate your own business. Thus, this course opens up the path for various opportunities.

Following are some job profiles after MBA in India:

• Financial analyst
• Senior Business Analyst
• Investment Banker
• Business Marketing
• HR Manager
• Operation Manager
• Consultant
• Data Analyst
• Lastly, Sales Manager and many more.

Career & Job Opportunities after MBA

There are tremendous job opportunities after MBA in India. As you already know, MBA is offered in different specializations whether it is Healthcare, IT, or Market and Finance. Thus, the scope of an MBA is huge. Candidates with an MBA degree can work in various sectors. Besides that, due to the increasing growth of MNCs in India, the demand for MBA graduates is also increasing. It is important to possess all the skillset to manage an organization.

Various factors determine the payscale of MBA graduates. In addition, the salary depends upon prior work experience, geographical location, type of specialization, and B-School. Besides that, top business schools in India provide the best placement assistance to the candidates. In addition, the top-notch recruiters visit the best B-schools to offer MBA jobs. As per the estimate, IIM Ahmedabad and IIM Kolkata have offered the highest package to MBA students i.e. approximately around INR 72 LPA to INR 75 LPA.

After MBA job profiles along with salary are:

• Financial Analyst – INR 3.63 LPA
• Marketing Analyst – INR 4.87 LPA
• Sales Manager – INR 6.09 LPA
• Data Analyst – INR 4.38 LPA
• HR Manager- Talent Acquisition – INR 3.5 LPA
• Supply Chain Program Manager – INR 8.76 LPA
• IT Consulting – INR 9.79 LPA

Job roles in different MBA specializations

MBA in Sales and Marketing

It is the oldest branch of management. The sales and Marketing sector generally deals with the availability of the product. Besides that, candidates studying sales and marketing must possess excellent communication skills.

Following are some MBA jobs after completing MBA in Sales and Marketing:

• Area Sales Managers
• Brand Managers
• Marketing Managers
• Branding Logistics, etc.

MBA in Finance

It is regarded as the highest paying MBA stream. The candidates pursuing MBA in finance can work in various sectors such as taxation, investment management, international finance, Insurance management as well as banks.

Following are some job roles after completing MBA in Finance:

• Accounting Manager
• Credit Analyst
• Finance Analyst
• Treasurer
• Risk and Insurance Manager
• Finance Manager

MBA in Human Resource

The candidates with MBA in HR can work as HR executives in the corporate sector, service sector, BPO/IT, banking sector, etc. Furthermore, the main work of an HR manager is to recruit suitable candidates for the firm or company. In addition, he/she is also involved in orientation, training as well as appraisal of the employees. 

Following are some MBA jobs in the HR stream:

• HR analyst
• Employee relationship officers
• HR manager, etc.

MBA in IT

Candidates who pursue a Master of Business Administration in IT and Systems can get good jobs with handsome salaries. Furthermore, the IT students must possess office skills and must have good knowledge about e-commerce and security.

Following are some MBA jobs in the HR stream:

• Project Manager
• System Analyst
• Product Manager
• Data Processing Manager
• Business Development Executive
• Marketing Manager
• IT Consultant
• Analytics Manager
• Business Analyst
• System Manager
• Lastly, Information Systems Managers, etc. 

Top MBA Recruiters

The top recruiters for MBA graduates are Amazon, Apple, BCG, JP Morgan, Deloitte, Microsoft, Google, Accenture, and many more. These top recruiters conduct campus visits to the best MBA colleges in India to recruit deserving candidates. Furthermore, they conduct several rounds for selecting the candidate. In addition, MBA Jobs are offered based on the performance of the candidate in the interview round.

Some other companies that recruit MBA graduates in India are:

• TCS
• Infosys
• Wipro
• ICICI Bank
• HDFC Bank
• Cognizant
• Reliance Industries Limited
• ITC Limited
• Tata Motors
• HCL Technologies
• Barclays
• Lastly, Genpact India and many more.

Best-paying MBA Jobs and Salary Trends

Following are the highest-paying MBA job roles and their salaries at different levels:

 MBA jobs: Quick Facts

• The public and private colleges in India offer great placement opportunities in the final year of the MBA program.
• Generally, the MBA degree holder gets managerial jobs in India. Besides that, an MBA job’s salary depends upon the type of specialization and experience.
• MBA in Finance is regarded as the highest paying MBA stream in India.
• The average salary of an MBA graduate in India generally ranges from INR 2 LPA to INR 20 LPA.
• It is essential to have an undergraduate degree to become eligible for an MBA course. Candidates with any UG degree such as BCom, BBA, BSc, BCA, etc. can apply for MBA.
• If you want to get admission to the best MBA colleges in India then, it is essential to have a valid National-level entrance scorecard. CAT is one of the entrance tests for admission to an MBA course.
• Some other entry-level examinations for MBA admission in India are GMAT, XAT, MAT, CMAT, ATMA, etc.

Conclusion

• MBA is a two-year postgraduate course that opens the door for various jobs in India.
• Candidates can get jobs in IT, Healthcare, marketing, retail marketing, operations, banking as well as in education and various other sectors.
• The basic eligibility to get admission in different specializations of MBA is to possess a bachelor’s degree with a minimum of 50% marks. It is also important to appear in any National or State-level entrance exam for MBA admission.
• The average MBA fee in India is approximately around INR 8 LPA to INR 23 LPA. In addition, the average MBA jobs salary is around INR 4 LPA.
• Indian Institute of Management is the best management institute in India. Besides that, other B-schools such as XLRI, SPJIMS, NMIMS, IIFT, etc also offer the best education.
• The candidates with MBA in Finance can get the best MBA Jobs with the highest salary in India i.e., approximately around INR 23 LPA.
• Lastly, some highest paying MBA jobs in India are Investor banking, project manager, consulting, business development manager as well as marketing manager.

Frequently Asked Questions about MBA Jobs

What are the jobs after MBA in India?

MBA is a 2-year course, but it is offered in different modes such as executive MBA, part-time, full-time, PGDM, Distance mode, online mode, and offline mode. In addition, getting a decent job after MBA is not very difficult. Furthermore, there are numerous job opportunities after MBA in India. Candidates can get jobs in areas such as Banking and Finance, Management Consulting, Investment Banking, Data Analytics, etc.

Some jobs roles are listed below:

1. Finance Manager
2. HR Manager
3. Operations Manager
4. Executive Assistant
5. Regional Sales Manager

What is an MBA salary?

The average annual salary of an MBA graduate is approximately around INR 5 LPA. But the salaries may vary depending upon the type of business school, experience, location, job role, etc. The top management colleges such as IIM, IIT, XLRI, NMIMS, etc offer great placements after MBA. Lastly, IIM Ahmedabad provides the best placements with the highest CTC to MBA graduates.  

Which is the best MBA job?

The five highest paying jobs after MBA in India are Investment Banker, Consulting, Market Manager, Project Manager, and Business Development Manager. Besides that, you can also initiate a start-up and become your boss. In addition, IT Manager is also one of the good-paying job roles after an MBA. Furthermore, the majority of the candidates opt for General MBA thus, it can provide a decent work profile with an annual CTC of INR 3 LPA to INR 4 LPA.

Which MBA has the highest salary?

MBA in Finance is considered the highest paying socialization in India. Further, comes MBA in Marketing, IT, and Information Security followed by HR Management and Healthcare Management. The average salary for MBA in finance is INR 2.9 LPA but the highest salary can reach up to INR 59 LPA.

Following are some MBA jobs in Finance specialization:

• Credit Analyst
• Treasurer
• Accounting Manager
• Cash Manager
• Finance Analyst
• Corporate Finance
• Lastly, Senior Business Analyst, etc.

What is the scope of an MBA in India?

MBA degree holders can get posted in various sectors because it has great scope. The candidates can work in the Healthcare sector, IT, insurance companies, hotels, public relations, financial organizations, as well as colleges, etc. Besides that, the candidates who wish to pursue PhD after MBA can become management professors at Universities and Colleges.

Following are some top recruiters that offer MBA jobs:

• Deloitte
• McKinsey & Company
• EXL
• Wipro
• Flipkart
• Infosys
• Accenture
• Goldman Sachs
• Lastly, Barclays and many more.

The post Which are the Best-Paying MBA Jobs in India? appeared first on Chegg India.

(Except for the headline, this story has not been edited by Leader Desk Team and is published from a syndicated feed.)