MBA Jobs, Scope, Salary and Placements in India
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The MBA job, scope and salary vary depending on the specialisation a candidate opts for, the business schools they pursue the degree from, and the candidate's personal skills and developments. MBA jobs are tremendous in various industries and areas such as Information & Technology, Retail, Healthcare, etc.
The MBA salary range ranges between INR 4,00,000 - 30,00,000 with positions such as Consultant, Analyst, Director, Executive, Managing Director, etc. Some of the known industries that offer MBA placements are Cognizant, Accenture, Google, Wipro, Amazon, and others.
The MBA job scope in India is vast due to the diverse range of specializations offered in the course. In turn, it helps candidates get government jobs after MBA with a salary ranging from INR 4 to 20 LPA. According to Payscale, the average MBA salary in India is INR 8.6 LPA.
Table of contents
- MBA Jobs in India
- Specialisation-Wise Jobs for MBA Graduates
- Career Scope of MBA
- Salary Offered to MBA Graduates in India
- MBA Placements
MBA Jobs in India
The MBA scope in India has been rising for the past few years with development in the business fields and foreign investments. The diverse coursework involved in the MBA course offers candidates to excel in numerous areas, including in the public and private sectors. Some colleges and universities also conduct placement drives with some of the conglomerates that help candidates secure many lucrative jobs.
Also, Check: Why MBA? Top Reasons to Pursue an MBA
Entry-Level Jobs for MBA freshers
MBA jobs for freshers include HR Assistant, Finance, or Financial Analyst roles. The salary of an MBA graduate ranges from INR 4 - 30 LPA depending on the skills, experience, and college. Following are some of the job profiles for MBA freshers.
|
Job Profile |
Description |
Entry Level Salary |
|
Product Manager |
|
INR 6 LPA |
|
Business Analyst |
|
INR 3.1 LPA |
|
Marketing Manager |
|
INR 3.5 LPA |
|
Financial Analyst |
|
INR 4.1 LPA |
Also, Read: List of Dream Companies For MBA Students
MBA Govt Jobs for Aspirants
There are a variety of government jobs available to MBA graduates offered by top companies like the Reserve Bank of India, State Bank of India, Bharat Heavy Electricals Limited, and Oil and Natural Gas.
The following table shows the MBA scope in the government sector:
|
Job Profiles |
Description |
Entry Level Salary |
|
Finance Manager |
|
INR 3.2 LPA |
|
Product Manager |
|
INR 5 LPA |
|
Accounting Manager |
|
INR 4.1 LPA |
Private Jobs for MBA Graduates
The scope for MBA students in private companies is broad and ever-growing with the development of new industries and foreign investments. Following is a list of private jobs for MBA graduates:
|
Job Profiles |
Description |
Entry Level Salary |
|
Brand Partnership Manager |
|
INR 8 LPA |
|
Marketing Director |
|
INR 8.7 LPA |
|
Human Resources Manager |
|
INR 5.3 LPA |
|
Strategy Manager |
|
INR 6.5 LPA |
Also, Check: Job Opportunities after MBA from IIM
Specialisation-Wise Jobs for MBA Graduates
MBA jobs depend on the specialization chosen by the student while studying the course. Each MBA specialization offers a unique world, thus the student must select the specialization carefully. The following are the specialization-wise MBA jobs available for graduates.
MBA in HR
MBA HR professionals are responsible for maintaining a cordial relationship between an organization and its employees. MBA in HR jobs includes administration, employee relations, talent and compensation, business partnering, etc. The table below lists the jobs after MBA in HR for fresh MBA graduates:
- HR Manager - Talent Acquisition
- HR Manager - Compliance
- HR Manager - Training
- HR Professor
Read More: MBA in HR Jobs
MBA in Marketing
MBA Marketing includes candidates preparing the market analysis of a brand, defining brand value, and creating strategies for marketing techniques. Below is some of the standard MBA jobs available for MBA in Marketing graduates:
- Sales/Business Development
- Account Manager
- Market Researcher
Read More: MBA in Marketing Jobs
MBA in Business Analytics
The MBA Business Analytics includes job roles in areas such as IT, Technology, E-Commerce, Healthcare, and Finance Sectors. Some of the common job roles for this course are given in the list below:
- Business Analyst
- Data Analyst
- Predictive Modeller
- Market Research Analyst
Read More: MBA in Business Analytics Jobs
MBA in Fashion Designing
The MBA Fashion Designing includes candidates being well-skilled in the field of fashion along with business communication, marketing and brand management. Some of the MBA Fashion Designing jobs for graduates are given in the list below:
- Fashion Designer
- Boutique Owner
- Brand Manager
- Fashion Merchandiser
Read more: MBA in Fashion Designing Jobs
Some Other Important MBA Specialization-Wise Jobs Roles are:
Areas of Recruitment for MBA Graduates
The MBA job scope in India is diverse, ranging from fashion to technology to the education industry. Due to the nature of an MBA, candidates can choose and specialise in various paths. Candidates are frequently informed of current developments in the sector. For those seeking an MBA, some of the top recruiting fields are:
|
Industries |
Job Designations |
|
Retail Industry |
Retail Manager, Store Manager, Supply Chain Manager, Brand Manager, Merchandiser |
|
Agri-business Industry |
Agriculture Manager, Agriculture Operations Specialist, Rural Manager, Agribusiness Manager, Agribusiness Marketing Manager, Grain Merchandiser |
|
Advertising Industry |
Marketing Executive, Market Researcher, Marketing Coordinator, Business Development Executive, Public Relations Officer, Advertising Manager |
|
Automobile Industry |
Automobile manager, Automobile Production Manager, Assembly Line Manager, Benchmarking Manager, Sales Executive, Procurement Executive |
|
Healthcare Industry |
Pharmaceutical Project Manager, Health Administrator, Health information manager, Hospital administrator, Policy analyst, Healthcare Consultant |
|
Supply Chain Industry |
Industry Analyst, Project Manager, Global Logistics Manager, Transportation Director, Supply Chain Sales, Warehousing Manager |
|
Information Technology Industry |
Project Manager, Analytics Manager, System Manager, Quality Assurance Executive, SAP Consultant, Social Media Manager |
|
Finance Industry |
Financial Analyst, Risk Manager, Investment Banking Associate, Management Consultant, Cash Manager, Accounting Manager |
Career Scope of MBA
MBA scope is extensive in terms of acquiring adequate career prospects and great MBA salary packages. The salary packages depend on the aspirant's specialisation in the MBA course. Candidates can opt for several courses after MBA that will enhance their skills and expertise and contribute to their career prospects and professional growth.
Career Options After MBA
The MBA career options and salary for candidates depend on many factors such as company, sectors, experience level, specialization, and qualifications. Below are some of the popular career options for MBA:
- Product Manager: Product planning, delivery, and marketing are all the responsibilities of the product manager during the whole product lifecycle.
- Business Analyst: Business analysts assess a company's performance and support process and system enhancement.
- Financial Analyst: An expert who provides financial advice to corporations and organizations, including recommendations for stocks and bond investments.
Read More: Career After MBA
Courses after MBA
After completing an MBA course, the following are the most frequently pursued higher education options that might enhance a student's career:
- PhD
- MPhil
- Executive MBA
- Doctor of Business Administration
- Fellow Programmes in Management from IIM’s
- Certified in Production and Inventory Management (CPIM)
- ISB's Certificate Programme in Business Analytics
Read More: Top 10 Courses after MBA
Skills Required for MBA Jobs
MBA graduates must possess soft and hard skills with theoretical and practical knowledge. The following is a list of competencies that MBA graduates must have:
- Communication Skills: MBA professionals require good communication skills as they are responsible for stakeholder engagement, client interaction, presentation of business data, etc.
- Negotiation and Conflict Management: MBA professionals in domains like marketing, finance, and accounts need good negotiation and conflict management skills for making business deals, building client relations, etc.
- Creativity: In order to design unique business strategies for organizations and change structure in dynamic markets MBA graduates need innovative and creative skills.
- Critical Thinking: To solve complex business problems, assess risk and make data-driven decisions MBA professionals require the application of their critical thinking.
- Teamwork Ability: To drive productivity and deliver organizational success MBA professionals are required to lead and work in teams towards a common goal.
Read More on Top Skills required for MBA Students
Factors to be Considered Before Choosing a Job
When choosing a job after completing an MBA, there are several factors to consider that need to be aligned with candidates' career goals and interests. Below mentioned are a few factors that should be considered before choosing a job:
- Job roles and responsibilities
- Culture and values of the organization
- Skills required
- Career advancement opportunities
- Industry growth
- Salary, incentives, etc
Salary Offered to MBA Graduates in India
MBA salary in India depends on candidates' specialisation, experience level, and qualification. After MBA jobs and salary for candidates in both public and private fields are in demand with lucrative salary packages, which are given in the following points below.
MBA Salary in India
The average MBA salary in India ranges between INR 4 - 30 LPA, depending on the graduate's experience and skills. Students' university placements, internships, projects, specializations, etc., impact the MBA salary in India.
The table below indicates the average range of MBA jobs salary in India:
|
MBA Salary in India |
Amount |
|
Highest Salary |
INR 30 LPA |
|
Average Salary |
INR 7 LPA |
|
Lowest Salary |
INR 4 LPA |
MBA Placements
During the programme's final year, MBA placements are held at many famous colleges in India. The companies frequently have partnerships with institutions that enable applicants to look into opportunities in various fields. On-campus or off-campus placements are both options. The top MBA colleges, top recruiters, and average MBA salaries are shown below:
Top IIMs with Placement Package
Below is the table for top IIMs for MBA along with the average salary offered to graduates during placements:
|
Name of IIM |
Average Domestic Salary |
|
INR 28.13 LPA |
|
|
INR 26 LPA |
|
|
INR 15 LPA |
|
|
INR 19.17 LPA |
|
|
INR 13.74 LPA |
|
|
INR 15.11 LPA |
|
|
INR 15.20 LPA |
|
|
INR 14.96 LPA |
|
|
INR 13.82 LPA |
|
|
INR 13.84 LPA |
|
|
INR 13.12 LPA |
|
|
INR 13.08 LPA |
|
|
INR 11.20 LPA |
|
|
INR 12.61 LPA |
|
|
INR 11.28 LPA |
|
|
INR 11.61 LPA |
|
|
INR 10.64 LPA |
Top Non-IIMs with Placement Packages
|
College Name |
Top Recruiters |
Average MBA Salary |
|
American Express, AON, Bajaj Finserv, Bosch, Colgate Palmolive, L'Oréal, Microsoft, Morgan Stanley, Samsung |
INR 26.7 LPA |
|
|
Microsoft, Google, TAS, JP Morgan, Morgan Stanley, Salesforce, Samsung, ITC, Accenture, IBM |
INR 27 LPA |
|
|
Amazon India, Axis, ITC, Deloitte, Hindustan Unilever, Flipkart, Goldman Sachs, PwC, KPMG, L'Oreal, Microsoft |
INR 33 LPA |
|
|
Microsoft, Bain & Co., Deloitte, Accenture, Ericsson, Virtusa, Deutsche Bank, etc |
INR 25 LPA |
|
|
Amazon, EY, KPMG, PwC, Deloitte, Godrej, P&G, Marico, HUL, Colgate Palmolive, etc |
INR 27 LPA |
Read More: MBA Placements
Top MBA Recruiters
MBA graduates can find jobs in a variety of businesses and fields, including retail, logistics and supply chain, information technology, etc. Below is a list of some of the top recruiters along with the average MBA salary for graduates:
Top Recruiters for Government Sector
|
Top Recruiters |
Average Annual Salary |
|
Cement Corporations of India |
INR 7.8 LPA |
|
BEML Limited |
INR 9 LPA |
|
Coal India Limited |
INR 12.5 LPA |
|
SBI |
INR 15 LPA |
|
Bharat Electronics Limited |
INR 12.5 LPA |
|
Department of Urban Development and Housing |
INR 13 LPA |
Top Recruiters for Private Sector
|
Top Recruiters |
Average Annual Salary |
|
Panasonic |
INR 7 LPA |
|
Reliance Industries |
INR 7.5 LPA |
|
Wipro |
INR 8 LPA |
|
TCS |
INR 7.4 LPA |
|
Infosys |
INR 8.5 LPA |
|
Amazon |
INR 7 LPA |
|
ITC |
INR 7.2 LPA |
Jobs for MBA Abroad
Students studying MBA abroad have adequate career prospects in the Top Fortune 500 companies. The salary and hierarchy will be enhanced based on the student's skills and experience. A detailed view of top international companies that recruit MBA graduates abroad is given below along with salary information.
Top International Companies for MBA Graduates
Check the list below for the top international companies that hire MBA students:
|
Top Companies |
Average Salaries |
|
|
INR 35-60 LPA |
|
Boston Consulting Group |
INR 10-40 LPA |
|
|
INR 32-57 LPA |
|
JP Morgan Chase & Company |
INR 9-19 LPA |
|
McKinsey & Company |
INR 5-24 LPA |
|
Apple |
INR 45-60 LPA |
|
Chevron |
INR 50-70 LPA |
MBA Jobs in US
Jobs for MBA graduates from US universities are predicted to expand at a rate of 50% annually between 2019 and 2029, resulting in 476,200 new job opportunities. The job roles and respective salaries for MBAs in the United States are listed below.
|
Job Role |
Popular Recruiter |
Average Salary (USD) |
|
Management consultant |
The Boeing Company, Wells Fargo & Co., Northrop Grumman Corporation |
1,38,038 |
|
Finance Manager |
Microsoft, DaVita Inc., Raytheon Co. |
1,85,619 |
|
Marketing Manager |
Abc Corp., Fischer Homes, SAP America, Inc, Siemens |
87,965 |
|
Operation Manager |
Baker Tilly Virchow Krause, LLP, CliftonLarsonAllen, CBRE Group |
88,444 |
|
Administrative Managers |
Ernst & Young, SMG Management, M2S, Abc Corp. |
1,47,322 |
MBA Jobs in Canada
According to CEIC data, the industrial growth of Canada is substantially high with a growth rate of 3.3%. Many individuals from India migrate to Canada and most of them are MBA students. As a result, graduates with an MBA will have an easier time finding employment in IT, and manufacturing industries based in Canada. Listed below are the MBA Finance job scopes in Canada:
|
Job Role |
Recruiters |
Average Salary (CAD) |
|
Business Consultant |
IBM Canada, Optimus SBR |
89,081 |
|
Financial Analyst |
EY, KPMG |
72,384 |
|
Marketing Manager |
Microsoft, Nestle, Johnson & Johnson |
77966 |
|
Supply Chain Manager |
Capgemini, Scotiabank |
88,027 |
|
Operations Analyst |
Bank of America, Porter Airlines, DHL |
58,646 |
MBA Jobs in UK
The employment growth rate of UK grew over 75% in the FY 22-23, resulting in a high career prospect in the manufacturing and service industries. MBA career options within the UK are as follows:
|
Job Role |
Recruiters |
Average Salary (GBP/month) |
|
Management Consultant |
KPMG, Deloitte, |
63,038 |
|
Business Development Manager |
Amazon UK, GlaxoSmithKline |
61,951 |
|
Project Manager |
Microsoft, Credit Suisse |
56,455 |
|
Financial Management Associate |
Citi, RBC |
61,846 |
|
Business Intelligence Manager |
PwC UK, JPMorgan Chase Bank |
61,846 |
Top MBA [Master of Business Administration] Colleges
Top Management Entrance Exams
Exam Date: May 19, 2024
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FAQs on MBA Job, Scope and Salary
Q: What are the Government Jobs after MBA with salary?
A: Student can get various job opportunities in government-based enterprises such as RBI, SBI, and LIC as accounting manager, bank managers with a salary range of INR 4- 20 LPA
Q: What job will I get after MBA?
A: Students with an MBA can obtain employment opportunities as Finance Managers, Business Analysts, Business Consultant, Business Analyst, etc.
Q: Which MBA has the highest salary?
A: Business Analytics is the highest-paying MBA specialization in the present time.
Q: What is the salary for an MBA fresher?
A: An MBA graduate can expect an average entry-level salary of INR 7 to 12 LPA depending on their job profile.
Q: What is an MBA salary per month?
A: The average MBA salary per month ranges from INR 60,000 to 1 LPA.
Q: Who earns more a CA or MBA?
A: CA and MBA both are skill-oriented courses and provide job opportunities in MNCs, financial institutions, and business units with a lucrative compensation package.
Q: Does an MBA guarantee a high salary?
A: Yes, depending on the years of experience, MBAs tend to earn the highest salaries in Finance, Consulting, and Technology.
