MBA is among the leading courses to be pursued currently in India and rightfully so. This degree offers a very huge potential for growth, opportunities, and salary hike. One could also call MBA one of the older disciplines on offer in all fields which adds to its reverence. Master of Business Administration (MBA) was first introduced in the Harvard University Graduate School of Administration in 1908 (now Harvard Business School) and is the original degree offered by business schools worldwide. Doing an MBA builds your business knowledge, grows your professional network, and boosts your career and salary prospects. In this article, we will discuss the MBA in banking and finance salary in India.
Who is Eligible For an MBA Course?
The average MBA batches today are filled with students from a variety of professional backgrounds unlike historically when it was mainly pursued by students of finance or consulting. According to the Graduate Management Admission Council (GMAC), the top motivation for prospective MBA students include salary increase, promotion to senior positions, managing people, and working internationally.
So, regardless of your background, the desire to learn management skills and advance your career ahead can bode you well in an MBA program. It is a great choice for you either way if you desire to start your own business, progress with your current job, switch functions, industry, location, or do all of them together.
MBA in Banking and Finance Salary in India
The MBA in banking and finance salary in India for fresh graduates or starters differs initially based on individual experience. Research topics, area of specialization, etc. Other factors that affect the salary include the likes of the sector one chooses to work in, the job designation they possess, skills, and knowledge. At the moment, the average salary ranges from INR 3-7 LPA however with the exponential growth that the Indian economy is expected to have, the industry offers huge potential in banking and finance.
Job profiles such as financial analysts can get an average annual salary of Rs.3,50,000, branch managers can get an average salary of Rs.6,00,000, and relationship managers can get an average salary of Rs.6,30,000.
You can choose from a set of excellent program choices that Praxis provides which include our Post Graduate Diploma in Management and PGDM in banking and finance or you could also choose to learn more about our PGDM Course in Kolkata.
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