17,Nov 2023
In the ever-changing business landscape, an MBA degree serves as a golden ticket, unlocking a wealth of promising career prospects. However, the vast array of specializations available can leave aspiring MBAs in a quandary, grappling to find the path that resonates with their passions and maximizes their financial opportunities. In India, where the business environment is undergoing a dynamic transformation, certain MBA specializations have emerged as veritable goldmines, offering enticing salary packages and promising career paths.
In an era driven by data, business analytics has emerged as a highly sought-after field, propelling MBA graduates with this specialisation to the forefront of lucrative career paths. Business analysts harness the power of data to extract meaningful insights, aiding organizations in making informed decisions and optimizing their strategies.
The average salary for an MBA graduate with a specialisation in business analytics ranges from INR 7 lakhs to INR 12 lakhs per annum. For experienced professionals, this figure can reach up to INR 20 lakhs or even higher.
The specific courses in an MBA in business analytics programme will vary depending on the school, but they will typically cover a wide range of topics, including:
MBA graduates with a specialisation in business analytics can pursue a variety of career paths, including:
The world of finance has long been recognized for its high-paying job opportunities. MBA graduates with a finance specialisation equip themselves with the expertise to navigate complex financial markets, manage investments and analyse financial data.
The average salary for an MBA graduate with a specialisation in finance ranges from INR 6 lakhs to INR 10 lakhs per annum. For experienced professionals, this figure can reach up to INR 25 lakhs or even higher.
The specific courses in an MBA in Finance program will vary depending on the school, but they will typically cover a wide range of topics, including:
MBA graduates with a specialisation in Finance can pursue a variety of career paths, including:
Also Explore - A complete guide about the Career options after MBA in Finance
Marketing, the driving force behind consumer engagement and brand awareness, remains a crucial aspect of business success. MBA graduates with a marketing management specialisation master the art of creating effective marketing campaigns, developing strategic brand positioning and understanding consumer behaviour.
The average salary for an MBA graduate with a specialisation in marketing management ranges from INR 5 lakhs to INR 9 lakhs per annum. For experienced professionals, this figure can reach up to INR 20 lakhs or even higher.
The specific courses in an MBA in marketing program will vary depending on the school, but they will typically cover a wide range of topics, including:
MBA graduates with a specialisation in Marketing can pursue a variety of career paths, including:
In today's dynamic workplace, human resource management (HRM) plays a pivotal role in attracting, retaining and developing top talent. MBA graduates with a specialisation in HRM gain the expertise to manage employee relations, implement effective HR policies and foster a positive work culture.
The average salary for an MBA graduate with a specialisation in HRM ranges from INR 5 lakhs to INR 9 lakhs per annum. For experienced professionals, this figure can reach up to INR 20 lakhs or even higher.
The specific courses in an MBA in HR program will vary depending on the school, but they will typically cover a wide range of topics, including:
MBA graduates with a specialisation in HR can pursue a variety of career paths, including:
In today's technology-driven world, information technology (IT) professionals are indispensable to organizations, managing and maintaining complex IT infrastructure, ensuring cybersecurity and supporting digital transformation initiatives. An MBA in IT provides individuals with the skills to bridge the gap between business needs and technological solutions. This specialisation commands average annual salaries of ₹6 to ₹10 lakhs for entry-level positions.
The specific courses in an MBA in IT program will vary depending on the school, but they will typically cover a wide range of topics, including:
MBA graduates with a specialisation in IT can pursue a variety of career paths, including:
With globalisation expanding business horizons, MBA graduates with a specialisation in international business are well-positioned to thrive in the global marketplace. They acquire the knowledge to navigate international trade regulations, manage cross-cultural teams and develop strategies for global expansion.
The average salary for an MBA graduate with a specialisation in international business ranges from INR 6 lakhs to INR 10 lakhs per annum. For experienced professionals, this figure can reach up to INR 20 lakhs or even higher.
The specific courses in an MBA in International Business program will vary depending on the school, but they will typically cover a wide range of topics, including:
MBA graduates with a specialisation in International Business can pursue a variety of career paths, including:
Understanding the intricate dynamics of economic systems is crucial for informed decision-making in the business world. MBA graduates with a specialisation in economics possess the ability to analyse market trends, forecast economic growth and assess financial risks. The average salary for an MBA graduate with a specialisation in economics is around ₹7 lakh per annum.
The specific courses in an MBA in Economics program will vary depending on the school, but they will typically cover a wide range of topics, including:
MBA graduates with a specialisation in Economics can pursue a variety of career paths, including:
While certain MBA specialisations inherently offer higher salary potential, several factors can influence individual earning potential, including:
Selecting the right MBA specialisation is a crucial decision that can significantly impact an individual's career trajectory and earning potential. While certain specialisations consistently command higher salaries, it is essential to consider personal interests, skills and career aspirations when making a choice. A well-informed decision, coupled with dedication and hard work, can pave the way to a successful and rewarding career in the dynamic world of business. Plus, a brief consideration on factors that might affect your annual salary package is highly recommended.
The following table helps you summarize the average salary offered during the starting of your career:
| MBA Specialisation Completed in | Salary Packed Offered (Per Year) |
|---|---|
| Business Analytics | INR 07-12 lakh |
| Finance | INR 06-10 lakh |
| Marketing | INR 05-09 lakh |
| Human Resource Management | INR 05-09 lakh |
| Information Technology | INR 06-10 lakh |
| International Business | INR 06-10 lakh |
| Economics | INR 05-07 lakh |
The data compiled in this blog is based on industrial trends, jobs and salary package offered by companies. If you have any feedback for improvement then please share your input on: info@lloydbusinessschool.edu.in
