Salary of an MBA Graduate in India
MBA is the most sought-after course these days. Everybody is going for an MBA, because it builds your entrepreneurial abilities, help you understand the business world deeply, and teaches you subjects ranging from economics, accounts, business, marketing, finance, etc. If you want to conquer the business world in the future then you should definitely do a mba. We all know that job opportunities, after an MBA, are wide, especially in India. There are still so many questions regarding the nature of jobs after an MBA, the roles and responsibilities, the skills required, which specialization should one choose, and the most important question of all, What will be the salary of MBA in India. Some students plan to choose a job that is interesting rather than picking up a job that pays more and vice-versa. It is always important to analyze whether a particular job suits you or not.
Also read: Top 5 Highest paying jobs after an MBA
There are various domains that a person can choose to work in after doing an mba and their salary will depend on the domain they choose. Let us look at each domain individually:
Banking and finance:
The Banking & Finance domain includes portfolio management and security & investment analysis. MBA graduates can find jobs in banks, insurance companies, security firms, and various financial organisations.
Salary of MBA in India (Banking and finance):
- Financial analyst: Will earn an average of 4 lac per annum with 2 lac being the minimum and 8 lac the maximum salary offered.
- Finance manager: Will earn an average of 12 lac per annum with 5 lac being the minimum and 23 lac the maximum salary offered.
- Account manager: Will earn an average of 4 lac per annum with 8 lac being the minimum and 15 lac the maximum salary offered.
Also read: Top 5 Jobs after doing MBA Finance
Investment Banking:
Jobs in the investment banking area have high demand in the market. Many top companies are hiring Investment bankers, The responsibility of the employees in this field is to connect investors to fund-needing organisations.
Salary of MBA in India (Investment banking):
- Investment banking analyst: Will earn an average of 10 lac per annum with 3 lac being the minimum and 20 lac the maximum salary offered.
Management Consulting:
If you are good at problem-solving, jobs in management consulting are most suitable for you. The responsibility of professionals in management consulting is to solve organisational issues. He/she is also responsible for embracing fresh ideas and new problem-solving methods.
Salary of MBA in India (management consulting):
- Management consultants will earn an average of 13 lac per annum with 6 lac being the minimum and 20 lac the maximum salary offered.
Entrepreneurship:
Nowadays, entrepreneurship has turned out to be the most favourite option among MBA graduates. The MBA enhances the capability of the students to become an entrepreneur. Experience does not matter if you want to become an entrepreneur. Students need creative and innovative skills to excel in this career.
- If you are an entrepreneur the sky is your limit. You can earn as much as you want it will all depend on you.
Data Analytics:
Due to the digital revolution, big data has become significant for all types of business such as e-commerce, retail, banking and management. Many popular B-Schools have started offering data analytics courses in MBA.
Salary of MBA in India (Data analysts):
- A Data analyst will earn an average of 5 lac per annum with 3 lac being the minimum and 11 lac the maximum salary offered.
- Marketing: Marketing is for the creative individuals, who can mix business and creativity. It is a top rated field and one that offers huge scope in the future.
Salary of MBA in India (Marketing):
- Marketing manager: Will earn an average of 7 lac per annum with 3 lac being the minimum and 12 lac the maximum salary offered.
- Marketing Executive: Will earn an average of 3 lac per annum with 2 lac being the minimum and 5 lac the maximum salary offered.
Human Resource:
Human resources is the set of people who make up the workforce of an organization, business sector, industry, or economy. A narrower concept is human capital, the knowledge and skills which the individuals command.
Salary of MBA in India (Human Resource):
- Human resource manager: Will earn an average of 7 lac per annum with 3 lac being the minimum and 11 lac the maximum salary offered.
- Human resource Generalist: Will earn an average of 2 lac per annum with 1 lac being the minimum and 6 lac the maximum salary offered.
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