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Top Highest Paying MBA specializations in India 2024

Jul 20, 2024 by Admin
Top Highest Paying MBA specializations in India 2024

The MBA program offers many specializations. Still, based on the salaries offered to the MBA degree holders, the following are the highest-paying MBA specializations in India: Finance, Marketing, Operation, Business Analytics, Entrepreneurship, Human Resources, and Project Management.

After pursuing an MBA from any one of the Top MBA specializations in India, students can gain a salary package between INR 8-10 lakhs per annum and can reach up to INR 25 LPA with experience. Today, organizations understand that such employees, especially in the financial, human resource, consulting, or marketing fields, should combine marketing competence with leadership skills.

Based on the above-discussed specializations, here are the starting salaries for MBAs in India based on their specializations.

MBA specializations

MBA Average Salary in India

MBA in Finance

INR 6 LPA

MBA in Marketing

INR 6.74 LPA

MBA in Operations

INR 6.4 LPA

MBA in Business Analytics

INR 10 LPA

MBA in Entrepreneurship

INR 5 LPA

MBA in Human Resource

INR 4 LPA

MBA in Project Management

INR 5 LPA

  1. MBA in Finance

Finance is known to be one of the best-streamed MBA specializations dealing with money matters. It mostly covers subjects concerning assets, managerial, financial, investment, price, resources, and any other issues in financial management. Candidates willing to work in a company's financial department, specializing in assessing a company's financial report, stock value, balancing risk factors and profitability, and portfolio management, can expect numerous opportunities after completing an MBA in Finance.

MBA graduate with a specialization in Finance earns about INR 6,00,000 a year on average. An employee in this field can make up to INR 20 LPA with 5 to 10 years of experience. Following is a list of the best jobs that one can get after an MBA in Finance with their salary estimates:

Jobs after MBA in Finance

Average Salary for MBA Degree holders

Budget Analyst

INR 6 LPA

Portfolio Manager

INR 16 LPA

Asset Manager

INR 10 LPA

Investment Banker

INR 18 LPA

Fund Manager

INR 28 LPA

Insurance Agent

INR 12 LPA

Credit Risk Manager

INR 11 LPA

Hedge Fund Manager

INR 23 LPA

Financial Advisor

INR 5 LPA

Stock Analyst

INR 2.8 LPA

Top MBA Finance Colleges with Fees

These are some of the best MBA in Finance colleges in India in which admission is made through management quota with fees. This specialization that can be obtained in several Indian colleges due to its high pay scale is an MBA in Finance. The approximate fee of the program is INR 4,00,000. Here is the list of some of the popular colleges that offer MBA in Finance in India

MBA in Finance Colleges

Total Tuition Fees (Approx.)

Genesis Business School, Pune  

INR 5.15 Lakhs

Institute of Technology & Science, Ghaziabad

INR 2.85 Lakhs

Graphic Era University, Dehradun

INR 7.17 Lakhs

Siksha'  O' Anusandhan University, Bhubaneswar

INR 6.00 Lakhs

ABES Engineering College, Ghaziabad

INR 13.36 Lakhs

Xavier University Bhubaneswar

INR 20.9 Lakhs

  1. MBA in Marketing

MBA in Marketing is one of the most opted-for courses because it is one of the best MBA courses in demand in India. It includes studying brand management, strategies and leadership, customer typography, and other key marketing concepts. It is recommended to students who would like to oversee the marketing and advertising functions of any enterprise. Candidates who have a sound knowledge of SEO and social networking sites can also take this course.

This is a list of the best jobs for an MBA in marketing that one can pursue, with an average salary indicated alongside. The salary that the candidates can expect to earn in the organizations after an MBA in marketing is INR 6,74,000. The amount of payment differs depending on the specialist's experience; some employees who have worked in this sphere for many years can gain up to INR 15 LPA. Below are some of the Jobs after an MBA that one can obtain with salary attributes.

Jobs after MBA Marketing

Average Salary

Luxury Brand Manager

INR 12 LPA

Marketing Manager

INR 11.4 LPA

Marketing Executive

INR 3.2 LPA

Fashion Marketing Manager

INR 13.2 LPA

Digital Marketing Manager

INR 8.6 LPA

Brand Manager

INR 15 LPA

Regional Sales Manager

INR 17.5 LPA

Social Media Manager

INR 4.8 LPA

Top MBA Marketing Colleges with Fees

Marketing is one of the oldest branches of MBA that many consider taking since it is one of the highest-paying MBA specializations in the country of India. It has come to be evident that the average fee for an MBA in Marketing is INR 4,50,000. Here is the list of popular colleges offering marketing in MBA:

Colleges

Total Tuition Fees (Approx.)

Glocal University

INR 6 Lakhs

Rathinam Group of Institutions, Coimbatore

INR 3.8 Lakhs

IFIM Group of Institutions, Bangalore

INR 10.5 Lakhs

Faculty of Management Studies, Delhi

INR 20,960

VELS University, Chennai

INR 10 Lakhs

Tecnia Institute of Advanced Studies, New Delhi

INR 2.18 Lakhs

  1. MBA in Operations

The MBA in Operations streams has been always rising for the last few years because it pays the highest MBA salary in India. This specialization deals with the development of strategies for acquiring, organizing, and allocating resources that organizations employ in the manufacturing of products or delivery of services. This specialization can be said to be ideal for those who have a passion for involving themselves with people. According to the career prospects of students who offer an MBA in Operations, they are likely to seek a career in consulting firms, financial institutions, hospitality industries, construction industries, warehousing industries, inventory industries as well as many others.

The average salary offered to MBA in Operations graduates is INR 6,40,000. Below are some of the Best jobs after an MBA in Operations, and their average pay scale is listed.

Jobs after MBA Operations

MBA Starting Salary in India

Supply Chain Manager

INR 14 LPA

Logistics Manager

INR 9.54 LPA

Airport Operations Manager

INR 12 LPA

Supply Chain Analyst

INR 7.23 LPA

Operations Manager

INR 10.24 LPA

Production Planner

INR 5.28 LPA

Top MBA Operations Colleges with Fees

The average fee for an MBA in Operations is around INR 5,00,000. Check the table provided below to learn about some of the well-known MBA in Operations colleges in India:

Colleges

Total Tuition Fees (Approx.)

Institute of Technology & Science, Ghaziabad

INR 2.85 Lakhs

Flame University, Pune

INR 18.90 Lakhs

ABES Engineering College, Ghaziabad

INR 13.36 Lakhs

CMS Business School, Bangalore

INR 10.75 Lakhs

Manav Rachna University, Faridabad

INR 6.57 Lakhs

  1. MBA in Business Analytics

Suppose you want to engage in a detailed evaluation of business functions and make conclusions for the best results in increasing profits. In that case, an MBA in Business Analytics is the degree for you. This program entails various methods and competencies related to analytics, as well as decision-making and management. Besides, an MBA in Business Analytics will include some other fields, including data visualization and performance management.

With an MBA in business analytics, job seekers will be easily employable in different sectors. The salary for an MBA in Business Analytics varies depending on the company, but the average is INR 10,00,000. Listed below are some of the best jobs for an MBA in Business Analytics, with a salary following the position.

Jobs after MBA in Business Analytics

Average Salary

Project Manager

INR 17.02 LPA

Data Analyst

INR 6.50 LPA

Market Research Analyst

INR 4 LPA

Business Development Executive

INR 3.8 LPA

Data Scientist

INR 12.45 LPA

Business Analyst

INR 9.5 LPA

Business Development Manager

INR 9.2 LPA

Quantitative Analyst

INR 15.5 LPA

Top MBA Business Analytics Colleges with Fees

Listed below are some of the well-known MBA in Business Analytics colleges in India that offer the highest-paying MBA specializations:

Colleges

Total Tuition Fees (Approx.)

GITAM University, Visakhapatnam

INR 9.7 Lakhs

Indian Institute of Management, Bangalore

INR 24.50 Lakhs

Hindustan Institute of Technology and Science, Chennai

INR 4.4 Lakhs

Chandigarh University, Chandigarh

INR 12.50 Lakhs

O.P. Jindal Global University, Sonepat

INR 11 Lakhs

Great Lakes Institute of Management, Chennai

INR 14 Lakhs

  1. MBA in Entrepreneurship

MBA in Entrepreneurship is a variant of the MBA program that is designed to impart knowledge and skills needed to manage an organization from a managerial capacity to becoming an entrepreneur. The student, by the end of this program, can transform their ideas into profitable ventures by receiving the relevant skills and information. The following are the best careers for MBA in Entrepreneurship students, alongside the average earnings in the positions;

Jobs after MBA in Entrepreneurship

 Average Salary

Sales Manager

INR 11 LPA

Project Manager

INR 17.02 LPA

Department Manager

INR 7 LPA

Business Reporter

INR 5.5 LPA

Business Consultant

INR 14 LPA

Corporate Supervisor

INR 7.04 LPA

Top MBA Entrepreneurship Colleges with Fees

The fee structure of an MBA in Entrepreneurship varies, but on average, the fee per year is INR 3 lakh. The following are some of the recognized MBAs in Entrepreneurship colleges in India. Apart from this, the salary offered to the candidates is based on their skills and experiences after the MBA. Candidates should also understand that the fees of all these specifications will differ based on the college that they are joining.

Colleges

Total Tuition Fees (Approx.)

Jain University, Bangalore

INR 11.50 Lakhs

Amity University, Lucknow

INR 4.10 Lakhs

SAGE University, Indore

INR 1.50 Lakhs

IBMR International Business School, Bangalore

INR 5.50 Lakhs

ASM's Institute of International Business & Research, Pune

INR 4.75 Lakhs

GLA University, Mathura

INR 5.2 Lakhs

  1. MBA in Human Resource Management

Human Resources, or HR, is one of the most popular roles in organizations and the management of corporations, from choosing the candidates to when to hire them. Recruitment and selection of personnel are used to determine how much to pay them or compensation. Selecting ways of training the employees or Employee Training and Development and again analyzing the jobs and evaluating employee performance or Job Analysis and Performance Appraisals; an HR manager is a ringmaster in the business jungle. Moreover, those persons who selected an MBA in HR can also become Industrial Relations Managers or construct a work culture across organizations in multinational and global companies, which are quite specialized jobs.

Refer to the popular MBA in HR jobs below and the average salaries of those profiles in India.

Jobs after MBA HR

Average Salary (in INR)

Human Resource Manager

7 lakhs

Human Resource Consultant

4-5 lakhs

Human Resource Generalist

5 lakhs

Technical Recruiter

4 lakhs

Human Resources Analyst

5.4 lakhs

Compensation Specialist

14 lakhs

Corporate Trainer

8.2 lakhs

Top MBA HR Colleges with Fees

The following is the list of Top MBA in HRM colleges, along with the fees

Colleges

Fees

IIM, Calcutta

INR 23 lakh

IIM, Indore

INR 17 lakh

IIM, Lucknow

INR 13 lakh

IIM, Ranchi

INR 15 lakh

IIM, Raipur

INR 8-14 lakh

Institute of Insurance & Risk Management, Hyderabad

INR 8 lakh

Amity University, Noida

INR 13 lakh

Chandigarh University

INR 5.8 lakh

Jaipuria Institute, Noida

INR 12.5 lakh

Management Development Institute, Gurugram

INR 21.34 lakh

School of Business, UPES

INR 11.4 lakh

Xavier Labour Relations Institute (XLRI), Jamshedpur

INR 23 lakh

  1. MBA in Project Management

This specialization focuses on the need to address several projects and ensure that they are accomplished within the set timeframe and without defects. From it, you learn how to handle several teams and work on different projects while at the same time making them synonymous with each other, among others.

Candidates who graduate with an MBA in Project Management can work in several established firms and businesses and several government organizations. The types of profiles that emerge from the sites are as follows.

Job after MBA in Project Management

Average Salary Offered (INR)

Project Coordinator

4.7 LPA

Operations Manager

10.6 LPA

Project Management Manager

9.7 LPA

Project Manager

17.5 LPA

Program Director

22.7 LPA

Product Manager

20.5 LPA

Top MBA Project Management Colleges with Fees

To ensure extensive practical knowledge, the course outlines involve case studies, project work, workshops, seminars, guest lectures, industrial visits, and internships. Given below are the colleges offering project management with fees:

Colleges

Total Tuition Fee

Pune Institute of Business Management

INR 26 lakh

MIT College of Management

INR 5.2 lakh

Balaji Institute of Technology and Management

INR 10.6 lakh

Praxis Business School

INR 6.6 lakh

Alagappa University

INR 26,000

The Gandhigram Rural Institute

INR 61,000