Top 5 Highest Paying MBA Specialisations in India 2024 - Check Details Here
Planning to get an MBA degree? Know the top 5 highest paying MBA specializations in India and get enrolled in one for a successful career!
Top 5 Highest Paying MBA Specialisations in India: In an increasingly competitive job market, especially within the business sector, the pursuit of a business career has never been more popular. However, to truly stand out in this crowded field of business graduates, earning an MBA specialisation has become the quickest path to success. Selecting the right MBA specialisation is a crucial factor that profoundly influences one's life and career in the long run, offering graduates the opportunity to acquire specific skills tailored to their desired professions.
An MBA course equips you with the skills necessary to excel as a business leader at the executive level, teaching critical abilities such as strategic thinking and effective people management. Yet, as valuable as a general MBA is, you can further enhance your professional prospects by specializing in a specific field. However, prospective candidates must choose their MBA specialisation wisely, as it significantly impacts their earning potential. In this article, we will explore the top 5 highest-paying MBA specialisations, providing valuable insights for those planning to embark on their entrepreneurial journey.
Also read: List of Best MBA Specialisations in India for 2024
Top 5 Highest Paying MBA Specialisations in India
Here are the top 5 highest paying MBA specialisations in India. These may also apply to Executive MBA courses:
MBA Specialisation | Average Starting Salary | Average Highest Salary |
INR 6 LPA | INR 20 LPA | |
INR 6.74 LPA | INR 25 LPA | |
INR 6.4 LPA | INR 25 LPA | |
INR 10 LPA | INR 22.5 LPA | |
INR 5 LPA | INR 23 LPA |
MBA in Finance
MBA in Finance is considered one of the highest-paying MBA specialisations. It primarily focuses on asset management, financial planning, investment, pricing, resource management, and other topics related to finance management. Pursuing an MBA in Finance can open up a plethora of opportunities for candidates who are interested in analysing a company's financial report, stock values, balancing risk and profitability, and portfolio management.
Top MBA in Finance Job Profiles with Average Salary
The average salary for MBA in Finance is INR 6,00,000. With 5-10 years of experience, a professional can earn up to INR 20 LPA. Some of the top positions available after MBA in Finance along with their salary are provided below.
MBA in Finance Job Profile | Average Salary |
INR 6 LPA | |
INR 16 LPA | |
INR 10 LPA | |
INR 18 LPA | |
INR 28 LPA | |
INR 12 LPA | |
INR 11 LPA | |
INR 23 LPA | |
INR 5 LPA | |
INR 2.8 LPA |
Top MBA in Finance Colleges in India with Fees
Being one of the most highest paying MBA specialisations in India, MBA in Finance is offered by many colleges in India, The average fee for the program is INR 4,00,000. Listed below are some of the well-known colleges offering MBA in Finance in India.
MBA in Finance College | Total Tuition Fees (Approx.) |
INR 5.15 Lakhs | |
INR 2.85 Lakhs | |
INR 7.17 Lakhs | |
INR 6.00 Lakhs | |
INR 13.36 Lakhs | |
INR 20.9 Lakhs |
Also Read: Emerging MBA Specializations in India
MBA in Marketing
Being one of the highest paying MBA specialisations in India, MBA in Marketing is a popular specialization among candidates due to the high annual packages that the program offers. This specialization enables students to learn about brand management, marketing tactics, leadership skills, consumer behaviour, and other marketing strategies. MBA in Marketing is a good choice for students who are interested in managing the promotion and marketing activities of any organization. Those who have good knowledge of SEO and social media platforms can also opt for this course.
Top MBA in Marketing Job Profiles with Average Salary
The average salary that the candidates can earn after MBA in Finance is INR 6,74,000. Professionals who have been working in this field for many years can get up to INR 15 LPA. Some of the top positions available after MBA in Marketing along with their average salary are provided below.
MBA in Marketing Job Profile | Average Salary |
INR 12 LPA | |
INR 11.4 LPA | |
INR 3.2 LPA | |
INR 13.2 LPA | |
INR 8.6 LPA | |
INR 15 LPA | |
INR 17.5 LPA | |
INR 4.8 LPA |
Top MBA in Marketing Colleges in India with Fees
MBA in Marketing is one of the traditional courses opted by many students since it is one of highest paying MBA specialisations in India. The average fee for MBA in Marketing is INR 4,50,000. Provided below are some of the well-known colleges offering MBA in Marketing in India.
MBA in Marketing College | Total Tuition Fees (Approx.) |
INR 6 Lakhs | |
INR 3.8 Lakhs | |
INR 10.5 Lakhs | |
INR 20,960 | |
INR 10 Lakhs | |
INR 2.18 Lakhs |
Also Read: Which One is Better - MBA in Finance or MBA in Marketing?
MBA in Operations
The demand for MBA in Operations has been consistently high over the past few years since it is one of the highest paying MBA specialisations in India. This specialization is focused on the creation, planning, and management of resources used by businesses to produce goods or services. This specialization is ideal for those who enjoy communicating with people. Students who complete an MBA in Operations will have a wide range of career opportunities, including consulting firms, financial institutions, hospitality, construction, warehousing, and inventory management.
Top MBA in Operations Job Profiles with Average Salary
The average salary available after MBA in Operations is INR 6,40,000. Some of the top positions available after MBA in Operations along with their average salary are provided below.
MBA in Operations Job Profile | Average Salary |
INR 14 LPA | |
INR 9.54 LPA | |
INR 12 LPA | |
INR 7.23 LPA | |
INR 10.24 LPA | |
INR 5.28 LPA |
Top MBA in Operations Colleges in India with Fees
The average fee for MBA in Operations is INR 5,00,000. Check the table provided below to know about some of the well-known MBA in Operations colleges in India:
MBA in Operations College | Total Tuition Fees (Approx.) |
INR 3.15 Lakhs | |
INR 2.85 Lakhs | |
INR 18.90 Lakhs | |
INR 13.36 Lakhs | |
INR 10.75 Lakhs | |
INR 6.57 Lakhs |
Also Read: MBA Marketing vs MBA Digital Marketing
MBA in Business Analytics
If you are interested in analyzing business operations and making decisions to maximize profitability, an MBA in Business Analytics is an ideal choice. This program covers various techniques and skills involved in analytics, as well as decision-making and managerial aspects. Additionally, MBA in Business Analytics includes other areas such as data visualization and performance management.
Top MBA in Business Analytics Job Profiles with Average Salary
Candidates will be able to apply for various positions after completing MBA in Business Analytics. The average salary for MBA in Business Analytics is INR 10,00,000. Some of the top positions available after MBA in Business Analytics along with their average salary are provided below.
MBA in Business Analytics Job Profile | Average Salary |
INR 17.02 LPA | |
Data Analyst | INR 6.50 LPA |
Market Research Analyst | INR 4 LPA |
INR 3.8 LPA | |
INR 12.45 LPA | |
Business Analyst | INR 9.5 LPA |
INR 9.2 LPA | |
INR 15.5 LPA |
Top MBA in Business Colleges Analytics in India with Fees
Listed below are some of the well-known MBA in Business Analytics colleges in India that offer the highest paying MBA specialisations:
MBA in Business Analytics College | Total Tuition Fees (Approx.) |
INR 9.7 Lakhs | |
INR 24.50 Lakhs | |
INR 4.4 Lakhs | |
INR 12.50 Lakhs | |
INR 11 Lakhs | |
INR 14 Lakhs |
Also Read: 10 Best Colleges offering MBA in Data Science and Business Analytics
MBA in Entrepreneurship
MBA in Entrepreneurship is a specialized MBA program that aims to equip students with the skills and knowledge they need to become successful entrepreneurs. Through this program, students learn how to turn their ideas into successful businesses by acquiring the necessary skills and knowledge.
Top MBA in Entrepreneurship Job Profiles with Average Salary
The average salary that the candidates can earn after completing this program is INR 5 lakh per annum. Some of the major job profiles that are available after MBA in Entrepreneurship are listed below.
MBA in Entrepreneurship Job Profile | Average Salary |
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 in Entrepreneurship Colleges in India with Fees
The average fee for MBA in Entrepreneurship is INR 3 lakh per annum. Listed below are some of the well-known MBA in Entrepreneurship colleges in India:
MBA in Entrepreneurship College | Total Tuition Fees (Approx.) |
INR 11.50 Lakhs | |
INR 4.10 Lakhs | |
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 |
INR 5.2 Lakhs |
Candidates should note that the fees of all these specifications will vary from college to college. Besides this, the salary provided to the candidates after completing the MBA will depend on their skills and experience.
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Candidates who have any doubts regarding any MBA specialisations can ask questions on the Collegedekho QnA zone. Besides this, those who want to apply to any MBA college in India can fill out our Common Application Form. For all admission-related inquiries, you can contact our student helpline at 1800-572-9877. Stay tuned with us for more updates!
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FAQs
Can an MBA in HR become a CEO?
Yes, an MBA in HR can definitely become CEO. Since individuals require a variety of soft and hard skills that encompass decision-making, problem-solving, finance, and management skills, as well as the ability to manage and motivate human capital, pursuing an MBA in HR places one in an advantageous position.
How to choose the best MBA specialization for myself?
To choose the best MBA specialization for yourself, you must take into account its career scope/ placements/ internship opportunities, your long term career goal, reputation of the institute faculty in the specialisation of your choice, pedagogy of the specialisation of your choice, and course fee and Return on Investment (ROI) of the programme.
Which MBA is most in demand in 2024?
The MBA programmes that are most in demand in 2024 are MBA in Finance, MBA in Marketing, MBA in Operations Management, MBA in Information Technology, MBA in Human Resources, MBA in Artificial Intelligence & Machine Learning, MBA in Business Analytics & Big Data, MBA in Entrepreneurship, MBA in Logistics & Supply Chain Management, and MBA in Pharma & Health Care Management.
Which MBA specialization is best for government jobs?
MBA specialization in areas like Finance, Human Resources, Marketing, or Public Administration is best for government jobs. It is crucial for aspiring candidates to possess a recognized MBA degree from a reputable institution.
Which MBA is best for becoming a CEO?
An MBA in Marketing, Finance, Economics, HR, General Management, Corporate or Labour Law, Strategic Management, Leadership and Organizational Development, and Entrepreneurship is best for becoming a CEO. These specializations will enable an individual to oversee operations. However, the requirements will vary based on experience of the individual and the industry of choice.
How can one increase their chances of securing a high-paying job after MBA?
To increase your chances of securing a high-paying job after MBA, candidates should focus on building a strong academic foundation through a reputable MBA program. Additionally, gaining practical experience through internships or industry projects, networking with professionals in the field, and continuously upgrading skills through relevant certifications can significantly enhance employability and earning potential.
What skills and qualifications are required for high-paying MBA specializations?
For high-paying MBA specializations like Finance, candidates should possess strong analytical and problem-solving skills, leadership abilities, effective communication skills, and a sound understanding of business principles to excel in these specializations. Additionally, relevant work experience, internships, and certifications can further enhance job prospects and earning potential.
Are the high-paying MBA specializations in demand in the Indian job market?
Yes, the high-paying MBA specializations are generally in high demand in the Indian job market. Finance and Consulting roles are sought after by banks, financial institutions, and consulting firms. Marketing roles are essential for various industries, while Operations and IT/IS roles are crucial for companies across sectors.
How much can one expect to earn in high-paying MBA specializations?
In high-paying MBA specializations, one can expect to earn INR 20 lakhs to crores per annum. The earning potential in these specializations can vary based on factors such as experience, industry, location, and the reputation of the organization.
What are the top five highest paying MBA specializations in India?
The top five highest paying MBA specializations in India are typically Finance, Consulting, Marketing, Operations, and Information Technology (IT)/Information Systems (IS). Although new MBA specialization have emerged over the past few years, these specializations remain the most popular highest paying ones.