Sounak Banerjee Associate Content Manager
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MBA courses are advanced degrees that help students take their former bachelor’s degrees and their skills to the next level. Although some may think that this degree is only for people already involved in business, it can actually be used by aspiring individuals in nearly any field, including finance, technology, science and health care.
MBA Degree is also a great tool for individuals who want to work for themselves or who want to be entrepreneurs. It equips students with the skills and knowledge necessary to be leaders in their fields. The course may last approximately two years for students who take classes full-time. However, some courses do offer faster completion times, and others offer options for students who want to learn part-time while continuing with their current job responsibilities.
See Also: MBA Admission
MBA Degree is a great way to fast-track their careers or as a way to get more from a career. People use it as a platform to change their careers or to take on more responsibilities at work. Post completing an MBA degree, students can get a MBA job offer along with an exciting salary package.
Usually, students can opt for various specializations that come under the MBA degree as per their preference. These specializations help the students to excel in their desired field of interest.
Below given is a list of MBA Specializations along with the job roles and the salary package that the graduates will be getting post completing the course.
Top MBA Specializations with their Jobs
MBA Finance, MBA Human Resource Management, MBA Marketing, MBA IT are some of the most famous MBA specializations. They offer the best placements for graduates of MBA courses. The fees of these MBA Specializations are higher as well in comparison to other courses.
| Specialization | Average Fees (INR) | Average Placements (INR) |
|---|---|---|
| MBA Finance | INR 7,00,000 – INR 12,00,000 | INR 10,00,000 – INR 16,00,000 |
| MBA Marketing | INR 7,50,000 – INR 12,00,000 | INR 13,00,000 – INR 15,00,000 |
| MBA HR Management | INR 6,50,000 – INR 9,00,000 | INR 8,00,000 – INR 12,00,000 |
| MBA Information Technology | INR 8,00,000 – INR 14,00,000 | INR 9,00,000 – INR 13,00,000 |
MBA Finance
It deals with different aspects of finance studies and their applications in the setting of business and management. It is one of the highly sought-after specializations under the MBA Course and is pursued by aspirants who want to learn all the managerial and financial aspects of a business.
MBA Finance Jobs provide huge opportunities for students post completing this course. Some of them are mentioned below along with their average salary.
| Job Role | Description | Average Salary |
|---|---|---|
| Financial Analyst | He or She usually improves the financial status of the company by various means in order to gain profitability and gain in the business | INR 4 LPA |
| Relationship Manager | He or She is responsible for the overall relationship of the company in terms of business and finance | INR 5.99 LPA |
| Business Analyst | They provide suggestions based on the insights from the data for the increased financial gain for the company | INR 6 LPA |
| Accounting Manager | He or She can be considered the head of the accounts dept in a company where he oversees the smooth running of the company in terms of accounts and money | INR 7 LPA |
| Bank Manager | He or She is responsible for overall supervising and managing the bank in all the departments | INR 7.8 LPA |
| Operations Manager | He or She is responsible for the smooth functioning and running of the Operations dept of the company | INR 8 LPA |
MBA Marketing
This course enables you to get insights into brand management tricks, marketing tactics, leadership skills, and consumer behavior. The MBA Marketing syllabus covers subjects like advertising, branding, market research, advertising globally, and on the web, among numerous different themes related to the field.
MBA Marketing graduates searching for work possibilities in the Public Sector can discover openings in PSU with amazing salary packages. Some of the job profiles are mentioned below.
| Job Profile | Description | Average Salary |
|---|---|---|
| Marketing Manager | They are responsible for developing, implementing, and executing marketing strategies for client companies and organizations. | INR 9 LPA |
| Business Development Executive | He or She is responsible for finding new business leads and growing the business. They work on proposals and presentations dealing with a client company’s product/service. | INR 4 LPA |
| Media Planner | They devise campaigns to advertise the product with pre-defined marketing objectives of the client. They help announce and facilitate message conveyance through an assortment of stages to feature new contributions, updates, changes, or other significant data an association wishes to arrive at the most noteworthy number of invested individuals in a company. | INR 3.76 LPA |
| Market Research Analyst | The fundamental objective of such professionals is to enable the organization's benefits to develop after some time by utilizing accessible information. They break down meetings, gather forthcoming purchaser information utilizing studies, and remember significant measurements for the last report for their customers or supervisory crew in an organization. | INR 3.56 LPA |
| Brand Manager | They ensure that products/services are in coherence with the company’s brand value and comply in every aspect. Their main responsibility is to just control and deal with all the manners in which that specific brand is presented to people in general. | INR 10 LPA |
MBA Human Resource Management
An MBA in HR or Human resource management focuses on recruitment, management, and providing direction and guidance for the people who work in an organization. This course offers training and knowledge in managing the workforce of the organization.
All organizations hire HR professionals, From small/mid-size firms to large domestic/multinational corporates. Multinational and large companies hire multiple human resource managers for better and smooth functioning of the organization.
| Job Profile | Description | Average Salary |
|---|---|---|
| HR Manager Talent Acquisition | They are responsible for planning, developing, managing, and overseeing recruitment and talent acquisition processes and strategies. | INR 5 LPA |
| HR Manager Training | He or She is responsible for improving the productivity of the employees, identifying the training needs and arranges a suitable training solution for an organisation's employees. | INR 5.8 LPA |
| HR Manager Compliance | The role of a compliance manager is to address all the compliance and statutory issues and also to ensure that the company adheres to legal standards and in-house policies and regulations. | INR 8 LPA |
| HR Professor | The role is to impart HR education to the students of the institutions and colleges about Human Resource Management as a subject or topic. | INR 9 LPA |
MBA Tourism Management
This course deals with the business aspect of the Tourism Industry involving the management activities such as studying tour destinations, planning the tour, making travel arrangements and providing accommodation. It develops different skills within a student to apply statistics for financial and insurance risk assessment.
Post Completing MBA in Tourism Management has a lot of job options to choose from. It is new yet gaining popularity in India gradually day by day. Below given are some of the job profiles along with the average salary.
| Job Profile | Job Description | Average Salary |
|---|---|---|
| Travel Agent | Their job is to arrange travel for end clients on behalf of suppliers (hotels, airlines, car rentals, cruise lines, railways, travel insurance, and package tours). | INR 5 LPA |
| Hotel Tour Manager | They are responsible for organizing, planning and conducting long-distance expeditions, travel, and tours for individuals or groups. | INR 6.4 LPA |
| Tour Guide | They provide assistance, and information on cultural, historical and contemporary heritage to people on an organized sightseeing | INR 4.5 LPA |
| Visa Executive | They are people who handle all the visa-related issues for traveling to abroad countries for customers. | INR 7 LPA |
| Travel Consultant | They assist individuals or groups interested in taking vacations, business trips or any type of visit to a different destination | INR 5.8 LPA |
| Tour Manager | They are responsible for making sure that travel arrangements for groups of holidaymakers run as smoothly and enjoyably as possible for the individuals or groups. | INR 7.2 LPA |
MBA IT
This course is designed for IT sector professionals who are looking for managerial positions. It adequately mixes studies related to business and management with studies related to information technology. MBA IT covers technical topics like system analysis and design, database management systems, etc.
MBA IT provides you with the skills needed to manage both IT systems and employees, combining the traditional business knowledge of an MBA with specialized courses on information security, telecommunications and IT project management, to name a few. Some of the available job profiles after MBA IT are mentioned below:
| Job Profile | Average Salary |
|---|---|
| Technology Officers | INR 7 LPA |
| Chief Technology Officers | INR 8 LPA |
| Information Technology Director | INR 6 LPA |
| Information System Manager | INR 5.5 LPA |
| Project Manager -IT Software | INR 6.2 LPA |
| Program Manager | INR 10 LPA |
MBA Entrepreneurship
This course trains students to become successful independent entrepreneurs and incorporates several aspects of business management and teaches students about transforming ideas into successful businesses. Throughout the course, students learn through traditional classes, case studies and project-based assignments, and will even create a business or business plan in their capstone class.
Fresh graduates of the MBA Entrepreneurship course can easily expect an average salary of INR 3 and 5 Lakhs per annum. Major job profiles available to such graduates are mentioned below along with their average salary.
| Job Profile | Average Salary |
|---|---|
| Assistant Manager | INR 5 LPA |
| Finance Controller | INR 5.8 LPA |
| Human Resource Manager | INR 7 LPA |
| Accountant | INR 6 LPA |
| Business Consultants | INR 6.2 LPA |
MBA Banking
This course trains students to upskill their knowledge in both basics of administration and specialization in bank management. This course develops students into aspiring manager who deals with various divisions in the banking sector.
It has diverse job opportunities in the financing, marketing, accounting, business management, and banking sectors. Some of the job profiles along with their average salary are mentioned below
| Job Profiles | Description | Average Salary |
|---|---|---|
| Asset manager | Their role is to manage the assets of clients according to their investment preferences. They meet with the clients to assess the asset status, risks, goals, forecast reports and many other things. | INR 5 LPA |
| Risk Manager | Their role is to communicate the policies and procedures of risk in an organization. They research and make analytical reports and ensure controls are operating in an organization. | INR 4.81 LPA |
| Cash manager | They manage the funds of the company and also oversee the allocation of cash balances, loans, disbursements, and investments. | INR 5.67 LPA |
| Finance director | They oversee all financial activities, making reports of revenue, training the accounting staff, budgeting, managing the risk, and implementing and improving financial problems. | INR 7.8 LPA |
| Finance manager | They plan the budget, support the executive management team and financial advice to make the best decisions for the organizations. | INR 7.66 LPA |
MBA Hotel Management
This course deals with the overall administration and working of a hotel, resort or any other hospitality firm. MBA Hotel Management graduates have the option to get hired by the top hotels in the country and outside.
There are various Job options available in industries like the airline industry, the railway industry, the hotel industry, the food & beverage industry, the tourism industry, the culinary industry, theme parks, and many more. Some of the job roles along with their average salary are mentioned below:
| Job Profile | Description | Average Salary |
|---|---|---|
| Restaurant Manager | They overlook the daily work in restaurants or hotels. Their main responsibilities include hiring and training staff, scheduling, allocating, and managing work. | INR 4.5 Lakhs |
| Food & Beverage Manager | Their main responsibility is to ensure the highest quality of food & beverages. They also design menus, handle consumer/customer complaints, complying with food safety, and regulations. | INR 9.6 Lakhs |
| Cabin Crew | Their main responsibility is to provide excellent customer service to passengers. Serving customers, ensuring their comfort and safety, and helping them with anything during the flight journey. | INR 7.5 Lakhs |
| Duty Manager | They overlook daily operations, managing employees, ensuring employee productivity, etc. | INR 5.26 Lakhs |
| Hospitality Executive | They look after the daily operations of a hotel or a restaurant. Their main responsibility is to ensure customer satisfaction, manage employees, and keeping records of finances. | INR 3 Lakhs |
| Executive Chef | He or She is responsible for designing menus, directing other chefs, and managing culinary activities. | INR 6.5 Lakhs |
MBA Interior Design
It is an integrated course of management and interior design focused on the concepts and processes involved in designing and manipulating the interiors of residential and commercial spaces.
Know More About Interior Design Courses
It covers topics ranging from furnishings, lighting, and furniture design to accounting, marketing, management, etc. MBA Interior Design is an important course related to the fields of architecture, infrastructure management and real estate management. Below given are some of the job profiles for MBA Interior Design graduates along with their average salary package.
| Job Profile | Job Description | Average Salary |
|---|---|---|
| Interior Designer | He or She is a professional who plans, researches, coordinates, and manages enhancement projects related to decoration and infrastructure. | INR 5 Lakh |
| Space planner | They analyze the physical space used in structures and consider the purpose of spaces in terms of infrastructure and who will use them. | INR 4 Lakh |
| Furniture Designer | He or She is a professional who designs furniture for manufacturers. They design couches, chairs, tables, shelves, cupboards, and decorative accents for furniture pieces for the client. | INR 6 Lakh |
| Design Consultant | They work in areas of interior, graphic, and fashion design, their expertise assists in developing products, creating interior spaces, building prototypes, or assisting in creating new fashions. | INR 4 Lakh |
| Kitchen Designer | He or She is a professional who works with clients to discuss all aspects of creating, remodeling, or updating the kitchen area of their home. | INR 4 Lakh |
Types of MBA Courses
Apart from regular 2 year full-time MBA courses and Due to the high demand for MBA courses, different types of MBA Courses have come to be that focus on catering to different types of students. Individuals who are working professionals, have the option of pursuing Executive MBA, Distance MBA or Online MBA.
| Types of MBA | Eligibility | Admission | Fees (INR) |
|---|---|---|---|
| Executive MBA | Bachelor’s Degree + Work Experience | Merit/ Entrance Based | INR 5,00,000 - 20,00,000 |
| Distance MBA | Bachelor's degree with 50% and to have a work experience of 2 to 3 years | Merit/Entrance-Based | INR 40,000 - 70,000 |
| Online MBA | Bachelor’s Degree | Merit-Based | INR 40,000 - 50,000 |
| 1 Year MBA | Bachelor’s Degree with 5-10 Years of Work Experience | Entrance Exam | INR 7,00,000 - 24,00,000 |
| Part-time MBA | Bachelor’s Degree with 50% | Merit/Entrance-Based | INR 10,00,000 - 17,00,000 |
MBA That Lead to Good Jobs: FAQs
Ques. In which sectors can I get jobs with an MBA Degree?
Ans. Post Completing a MBA Degree, graduates can get well paying jobs in private sectors and government sectors like Banking, Railways, Teaching, Information Technology, Agriculture, Sports, Airlines, Healthcare, and more with an MBA Salary ranging from INR 3,00,000 to INR 5,00,000 per annum.
Ques. What are the various Job profiles after an MBA Degree?
Ans. Various job profiles are available for MBA graduates. Candidates can choose them as per their specialization and preference. Some of them are Sales Executive, Operation Manager, Business Analyst, Account Manager, Sale Consultant, etc.
Ques. What are the skills required for a good job after an MBA Degree?
Ans. Some of the Top MBA skills in demand are teamwork, problem-solving ability, interpersonal communication, adaptability, teamwork and collaborative mindset, strategic thinking, and leadership capability. Apart from knowledge, they should have the right MBA skills for a flourishing career after MBA. Few recruiters also ask for technical skills as well, such as cloud computing, UX designing, and many more.
Ques. What is the scope of good MBA jobs in Delhi?
Ans. Delhi being the capital of India houses a huge population and big business corporations. Delhi has a lot of potential for MBA graduates catering to the huge market and industry. According to Payscale the MBA salary of professionals is 35% more than the national average whereas the MBA in Finance Salary is 5% lower than the national average.
Ques. What is the scope of good MBA Jobs abroad?
Ans. Many students complete MBA and work in a foreign hotel industry. The tourism industry has a lot of Jobs for students from the Hotel Management stream. MBA Jobs abroad are a little hard for the freshers or new graduates because foreign companies prefer students with work experience. MBA Salary in Abroad is one of the main attractive features that attracts the MBA graduates.
Ques. What is the average salary of an MBA graduate in India?
Ans. The average salary of an entry-level MBA salary in India is INR 290,000. But with just a few years of experience, Early career MBA Salary in India can grow up to INR 4,00,000 or more. Generally, the salary of MBA graduates in India grows up exponentially with experience and knowledge.
Ques. Can a MBA graduate become a CEO of a MultiNational Company?
Ans. Yes, but he or she can not become CEO of a MNC right after completing their degree. They need to have at least 5 to 8 years of work experience to reach the Top Managerial Job profiles like CEO, CFO, etc.
Ques. Can I get good MBA Jobs in the Government Sector?
Ans. Yes, a student with an MBA degree can apply to various government sectors like Banking, Railways, Teaching, Information Technology, Agriculture, Sports, Airlines, Healthcare, and many more.
Ques. Can I get an Administrative Job after MBA degree?
Ans. Yes, You can easily get an administrative job after MBA degree but you will have to clear UPSC and such exams. These government jobs are considered to be the best paying jobs in India along with valuable perks.
Ques. Why are MBA jobs paid so much?
Ans. MBA graduates are trained to make an impact within a short period. Most global organisation recruiters are confident that business schools prepare their students well to excel in any role they step into. Hence, they are paid more than the other degree holders.
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