Updated on Nov 19, 2024 06:21 IST

The Master in Business Administration (MBA) is a 2-year professional post-graduate degree that offers great career opportunities across various industries. It is one degree that plays an important role in your growth and development and enables you to transform into a complete professional with all the required skill sets.

A career in MBA opens a wide variety of opportunities across different sectors which include management, finance, marketing, and operations allowing the graduates to thrive in various sectors such as finance, healthcare, e-commerce, and consulting. The field requires analytical skills attention to detail and a deep understanding of financial principles and markets.

An MBA graduate’s starting salary can range from INR 2.7 to INR 8 lakh per year. Candidates with experience are appointed to higher roles like Associates and Assistant Managers and might experience considerable income increases in the industry. 

The top recruiters of MBA Courses are KPMG, Tata Consultancy Service, Wipro, Deloitte, Amazon, ICICI Bank, Infosys, Microsoft, Reliance Industries Limited etc.

MBA Career: Quick Facts

  • According to GMAC’s Global Survey, ‘MBA is the most popular choice for graduate-level study among Indian students.’
  • According to a report by Times of India, the employability of MBA graduates sits at 54%, which is the highest among different professional courses.
  • The average annual salary of an MBA in India ranges between INR 7 LPA to INR 12 LPA for different specializations.
  • Some of the desirable job positions such as Business Operations Management, Marketing manager, Operations Research Analyst, and Management Analyst are considered ‘hot jobs’ according to the US and World News Report.

Recommended Links for MBA career:

MBA in Finance Career

MBA in Family Business Career

Top MBA Career Profiles and Salary

According to AIMS, banking, finance, consulting, marketing, manufacturing and technology are some of the fields that are craving for MBA graduates. When it comes to actual job titles, here is a list of some of the most in-demand jobs:

Job Profiles Description Average Salary
Business Analyst A Business Analyst is a professional who works within an organization to analyze, understand, and document the business processes and systems.  INR 9.8 LPA
Investment Banker An Investment Banker is a finance professional who works within an investment bank or a financial institution, specializing in providing financial advisory services and raising capital for corporations, governments, and other entities.  INR 16.1 LPA
Chief Financial Officer The CFO is a high-level executive responsible for managing an organization's financial actions, strategies, and operations.  INR 83.3 LPA
Product Manager A Product Manager is a professional responsible for overseeing the development, strategy, and success of a product throughout its lifecycle.  INR 21.6 LPA
Management Consulting Management consulting involves providing advisory services to organizations to improve their performance, solve problems, and achieve their goals.  INR 27.5 LPA
Asset Manager An Asset Manager is a financial professional or entity responsible for managing investments and assets on behalf of clients, which can include individuals, institutions, or corporations.  INR 7 LPA
HR Manager An HR Manager, or Human Resources Manager, is a professional responsible for overseeing the human resources department within an organization.  INR 11.1 LPA
Project Manager A Project Manager is a professional responsible for planning, executing, and overseeing projects within an organization. INR 17.1 LPA
Sales Manager A Sales Manager is a professional responsible for leading and managing a team of sales representatives or a sales department within an organization. INR 7 LPA
Marketing Manager A Marketing Manager is a professional responsible for planning, executing, and overseeing marketing strategies and campaigns to promote a company's products, services, or brand. INR 12.7 LPA
Operations Manager An Operations Manager is a key leadership role within an organization responsible for overseeing and managing the day-to-day operations and processes.  INR 11 LPA

Note: The salary has been taken from Ambitionbox.com.

Emerging Career Trends in MBA

Emerging trends in MBA programs reflect the evolving landscape of business and the skills required to succeed in today’s market.

Candidates can see the following trends that they can witness in their career after pursuing MBA:

  • Digital Transformation: Increased focus on digital tools and technologies, including data analytics, AI, and automation, to prepare students for a tech-driven business environment.
  • Sustainability and Corporate Social Responsibility (CSR): Growing emphasis on sustainable business practices and ethical decision-making, with courses dedicated to environmental impact and social responsibility.
  • Soft Skills Development: Emphasis on leadership, communication, and teamwork skills, recognizing their importance in effective management and collaboration.
  • Financial Technology (FinTech): Growing integration of financial technology topics in finance courses, preparing students for careers in this rapidly evolving sector.

MBA Scope In India: Jobs and Further Education

One of the biggest advantages of an MBA is that it comes with the option of various specializations. It is a vast ocean of opportunities that offers students work in a plethora of industries. Besides, an MBA in a particular specialization is not restricted to a single field and the students can switch to another sector whenever they want.

Some of the sectors where MBA graduates are constantly in demand are:

Sectors

Description

Retail and Corporate Sector There are many job roles for different MBA specializations in this industry such as store manager, category manager, store technology manager, store marketing manager, etc. Depending on the flare and skill you possess, you can pick up a role considering your ambitions.
Banking and Financial Institutions MBA graduates are hired in capacities such as Financial Analyst, Credit & Risk Manager, Marketing & Sales Manager, etc. It is a field full of career opportunities with an average annual salary ranging between INR 3 LPA to INR 20 LPA based on the job role.
Media Sector Students have ample opportunities in both the private and government sectors. With an average annual salary ranging between INR 2 LPA to INR 10 LPA, candidates can look out for recruitment in print media, broadcast media, internet media, etc. Some of the popular job roles in this industry are Media Executive, Digital Advertising Expert, Channel Head, TV Producer, and many others.
Hospitality Sector With expertise in the hospitality sector, students can expect job roles such as General Manager, Director of Sales, Marketing Manager, Management Consultant, etc. With an average annual salary ranging between INR 3 LPA to INR 10 LPA, the students have unprecedented opportunities in airlines, cruise ships, hotels, casinos, resorts, etc.
Education sector The education sector may seem very limited, but it has a lot of opportunities for MBA graduates. Some of the job roles in this industry include education policy manager, education technology manager, director of teacher recruitment, educational reform manager, etc.
Management Consulting Consulting firms hire some of the best management brains and the responsibility of these individuals includes solving organizational issues, embracing fresh ideas, and finding new problem-solving methods.
Manufacturing sector With the declining numbers of industrial engineers, MBAs are filling in the gap. Companies who need help with data analysis and managing complex supply chains hire MBA graduates. With an average annual salary of INR 4 LPA- INR 12 LPA, candidates can look up for job roles such as Purchase Manager, Project Manager, Organisational Consultant, etc.
Entrepreneurship MBA graduates may aim to launch their own venture or they may accept respected positions at established firms such as business operations, financial management, Information security, etc. The demand for candidates has been on the rise with an average annual income of INR 5 LPA to INR 20 LPA.
Information Technology Project Manager, Analytics Manager, Systems Manager, IT Manager, Data Processing Manager, etc. are some of the job roles offered to MBA graduates in this industry with an average annual salary of INR 12 LPA.

Average Salary Based On MBA Specializations

Choosing the best MBA specialization significantly affects your life and career in the long run. MBA in Business Analytics, MBA in Finance, and MBA in Entrepreneurship are considered to be the top most paid specializations in this field. However, the salary of any professional depends on the skills, interest in earning, and other considerable factors. Here is a list of the top-paying specializations of MBA in India:

MBA Specializations

Average Salary

MBA Finance

INR 7.2 LPA

MBA Business Analytics

INR 5.5 LPA

MBA Marketing

INR 7.7 LPA

MBA Operations Management

INR 8.7 LPA

MBA Management Consultant

INR 11.6 LPA

MBA International Business

INR 8.2 LPA

MBA Human Resources Management

INR 6.3 LPA

MBA Information Technology

INR 12 LPA

MBA Entrepreneurship

INR 5 LPA

MBA Data Analytics

INR 4.3 LPA

Top Recruiters For MBA Students

MBA graduates are in high demand in every sector. As a company grows, the need for a professional arises and there is more and more demand for MBA graduates. Some of the top multinational companies that recruit MBA graduates are:

MBA Top Recruiters

Amazon

Aditya Birla Group Mckinsey & Co.
Boston Consulting Group Goldman Sachs Asian Paints
Google Flipkart Microsoft
ITC Hindustan Unilever Bain & Co.
JP Morgan Chase & Co. Wipro Coca- Cola Company

Top MBA College for Placements

The popularity of an MBA as a preferred post-graduate degree is unprecedented. However, the choice of college marks the stepping stone towards a good career in the future. Given below is a list of some of the top IIMs with Median Salary offered in 2023- 24:

MBA College

Median Salary 

IIM Ahmedabad

INR 20 - 31.5 LPA

IIM Bangalore

INR 32.5 LPA

IIM Calcutta

INR 31.05 - 33.67 LPA

IIM Lucknow

INR 30 LPA

IIM Kozhikode

INR 25 - 27 LPA

IIM Indore

INR 22.2 - 27.2 LPA

IIM Shillong

INR 26.09 LPA

IIM Rohtak

INR 17.5 LPA

IIM Ranchi

INR 16.88 - 18.22 LPA

IIM Raipur

INR 20 LPA

Here is a list of some of the Best private B-schools with Median Salary offered by them:

MBA Private College

Average CTC 

MDI Gurgaon

INR 25.58 LPA

IMT Ghaziabad

INR 14 - 22.5 LPA

XLRI Jamshedpur

INR 27.5 - 30 LPA

NMIMS Mumbai

INR 19.2 LPA

SPJIMR Mumbai

INR 2.89 - 32 LPA

SIBM Pune

INR 24 LPA

INR 7.97 LPA
Great Lakes Institute of Management INR 11.4 LPA
INR 6.15 - 7.25 LPA
INR 13 - 15 LPA

Note: This information is sourced from the official website/media reports/NIRF website and may vary.

Read More:

Courses and Career Options after MBA

FAQs around MBA Career

Q. What is the starting salary after doing MBA?

A. The salary scale for an MBA in general management is commensurate with the position occupied and as well the years of experience of the individual. For the fresher of just within a year in the industry, the median salary range stands at INR 3 LPA. On the other hand, with more experience of between 5-9 years, the median salary per annum is about INR 7 LPA. With other experience levels, you stand to earn more with position attained in the company and the status of the particular company too playing a part.

Top 10 companies hiring after the course. There are a whole lot of places to work as an MBA holder. Virtually all sectors will one time or the other place adverts for vacancies.

Some of them in the top 10 are:

  1. Aditya Birla Group
  2. HCL technologies
  3. JPMorgan Chase
  4. New Gen Software
  5. IEEE corporate
  6. National Textile Corporation Ltd.
  7. Amazon seller Services Pvt. Ltd.
  8. Cisco Systems, Inc.
  9. Global Eagle Entertainment
  10. India Infrastructure Finance Company Ltd.

Q. What is the average salary of a fresher with an MBA in India?

A. The average salary of a fresher with an MBA in India ranges between INR 2 LPA to INR 50 LPA with an average annual salary of INR 2.5 LPA. If you completed your MBA ( full time ) from a top B School like IIMs etc, you will be getting more salary during your freshmen year compared to those who have pursued an MBA from an average B-School or colleges.

Q. Name some of the top recruiting companies hiring MBA graduates in India?

A. Some of the top recruiting companies hiring MBA graduates in India are Amazon, Google, Hindustan Unilever, Microsoft, Tata Administrative Services, Aditya Birla Group, Flipkart, etc.  These companies hire MBA graduates for various roles such as HR Manager, Business Analyst, Investment Banker, Chief Financial Officer, etc.

Q. What kinds of sectors hire MBA graduates in India?

A. With the expansion of industries, MBA graduates are in demand in almost every sector now- a- days such as Retail and Corporate Sector, Banking and Financial Institutions, Media Industry, Hospitality sector, Education field, etc.

Q. Which cities are the best for MBA graduates in India?

A. If you want to work after completing a degree in MBA then cities such as Gurgaon, Bangalore, Mumbai, Delhi, Pune, Chennai, etc. are considered an ideal choices for MBA graduates in India. The above mentioned cities are also epensive for living so it is recommended that you prepare your expence accordingly.

Q. What are some of the core skills required to be an ideal manager?

A. To be an effective manager, one must have various skills including leadership, communication, problem-solving, and decision-making abilities. Here are some essential skills every manager should develop some of the core skills that are critical thinking, problem-solving, logical reasoning, etc.

Q. How can I get a job after completing my MBA course?

A. After completing an Engineering course, candidates should focus on tasks such as joining the alumni network, building an impressive resume, going for internships, exploring industries along with preparing and attending mock interviews to land their dream job.

Q. What is the role of a Product Manager?

A. A Product Manager identifies the customer’s needs and wants and works with the engineering and the designing team to bring a product to life. They are responsible for the development of new consumer goods, business technologies, software platforms, etc. that people use in their everyday lives.

Popular Exams

Following are the top exams for MBA (Masters of Business Administration). Students interested in pursuing a career on MBA (Masters of Business Administration), generally take these important exams.You can also download the exam guide to get more insights.

19 Dec ' 24

CAT 2024 result announcement

3 Dec ' 24 - 5 Dec ' 24

CAT 2024 answer key challenge

25 Dec ' 24 - 10 Feb ' 25

MAH CET 20245 registration process

Mar '25

MAH MBA CET 2025

TENTATIVE

31 Jan ' 25 - 2 Feb ' 25

CMAT 2025 Answer Key Release and Challenge

25 Jan ' 25

CMAT 2025 exam date

24 Dec ' 24 - 2 Mar ' 25

MAT 2024 Registration Process PBT (February)

24 Dec ' 24 - 9 Mar ' 25

MAT 2024 Registration Process CBT (February)

Popular MBA (Masters of Business Administration) Specializations

Following are the most popular MBA (Masters of Business Administration) Specializations . You can explore the top Colleges offering these Specializations by clicking the links below.

Popular Specializations

Popular MBA (Masters of Business Administration) Colleges in India

Following are the most popular MBA (Masters of Business Administration) Colleges in India. Learn more about these MBA (Masters of Business Administration) colleges (Courses, Reviews, Answers & more) by downloading the Brochure.
2 Courses
25 L
20 - 31.58 LPA

#1 NIRF

2 Courses
24.5 L
32.5 LPA

#2 NIRF

5 Courses
15 L - 58.84 L
24 - 28 LPA

#9 NIRF

2 Courses
17.2 L - 24.2 L
25 LPA

#13 NIRF

20.5 L - 22.5 L
25 - 27 LPA

#3 NIRF

2 Courses
12 L
24.45 LPA

#4 NIRF

Popular Private MBA (Masters of Business Administration) Colleges in India

1 Course
4.69 L
2.8
2.61 L
2.26 L
4.17 LPA
8 Courses
50 K - 5.8 L
5 LPA
3.6 L - 5.34 L
4.5

#35 Times

1 Course
8.37 L
4.6

Top Ranked Colleges by Location

Following are the top ranked colleges for MBA (Masters of Business Administration) based on rankings published by The Week, Business Today and National Institutional Ranking Framework (MHRD).
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Answered 9 hours ago

Dr. Subhash University MBA scholarships will be awarded in tuition fees on the basis of percentile/ percentage obtained during last eligibility/passed examination for selected courses only. Additional benefits will continue like MYSY & Government Scholarshipubhash University MBA scholarships.

T

Tanisha Pandey

Contributor-Level 8

Answered 9 hours ago

DSU Junagadh offers three specialisations in MBA courses and a total number of 67 seats across the specialisation. In the process of getting a seat in MBA courses at Subhash University, candidates must complete their bachelor's degree with decent scores. Moreover, candidates must apply for the cours

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Kartik Sharma

Contributor-Level 8

Answered 10 hours ago

 

Yes,  Dr. Subhash University (DSU) in Junagadh implements seat reservation policies for its MBA courses. Candidates who provide the necessary authorised documents are eligible to avail the benefits of these reservation policies. While specific reservation percentages for the MBA programme are not d

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P

Piyush Jain

Contributor-Level 8

Answered 10 hours ago

Yes, Dr. Subhash Univesity does offer internships to MBA courses. The university guides the proper path of an internships, that provides a special way for students and recent graduates to obtain practical experience in the fields that interest them. However, the university does not mentioned any spe

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Krishnendu Kumar

Contributor-Level 8

Answered 10 hours ago

The subjects included in the first semester of MBA courses or any other courses, the university/ college provides the basic theoretical understanding of the course with a little practical fusion. The names of the subjects included in the first semester of the DSU Junagadh MBA course are as follows: 

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I

Indrani Tyagi

Contributor-Level 8

Answered 10 hours ago

 
Yes, Dr Subhash University is accepting applications for MBA courses, academic batch 2025. Candidates who qualify for the eligibility criteria, fill out the application form on time, and submit their relevant documents can apply online by visiting the official website of the university. Moreover, D

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I

Indrani Kumar

Contributor-Level 8

Answered 11 hours ago

Attaching the relevant documents in the application form is the crucial step before paying the application fee. Candidates have to submit the following documents with their Dr. Subhash University MBA application: 

  • Class 10 mark sheet
  • Class 12 mark sheet
  • Graduation Marksheet
  • Leaving Certificate
  • Two passpo

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V

Vishakha

Contributor-Level 10

Answered 11 hours ago

UNIRAJ MBA is a 2 year programme, offered in PG level. The University offers MBA based on the minimum aggregate of 45% to 50% secured in graduation. along with valid scores obtained in accepted entrance exam. Therefore, candidates have a list of entrance exams that the candidates can pick from. UNIR

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M

Manashjyoti Kumar

Beginner-Level 5

Answered 11 hours ago

The official website of Dr. Subhash University has not released information about the month the university usually takes admission for an MBA. However, the university has provided information on the issue of the application form, admission confirmation, and release of the merit list for the academic

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Rachit Kumar

Contributor-Level 8

Answered 13 hours ago

Hello!

The tuition fee for the MBA programme at LPU is Rs 2 Lacs per semester. However, students can avail themselves of scholarships based on various criteria to make education more accessible.

Mittal School of Business (MSB) – A Leading Institution for Business Education

The Mittal School of Business

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ParmSidhu

Contributor-Level 7

Answered 14 hours ago

Yes, MBA Single Specialization students at IILM University have several opportunities to showcase their work and research at conferences. The university encourages students to engage in academic and industry-focused conferences, where they can present their research, case studies, and projects to a

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A

Ayush Saraf

Contributor-Level 6

Answered 15 hours ago

The MBA Single Specialization programme at IILM University offers significant global exposure to help students gain a broader perspective of international business practices and trends. This is achieved through various means, including study tours, internships with global firms, and international co

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A

Ayush Saraf

Contributor-Level 6

Answered 15 hours ago

The MBA Single Specialization programme at IILM University stands out from other MBA programs due to its focused approach, allowing students to dive deeply into one specific area of business management. Unlike general MBA programs that offer a broader curriculum, this programme enables students to g

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A

Ayush Saraf

Contributor-Level 6

Answered 17 hours ago

To be eligible for MBA admission at Annamaliai University, candidates must have a bachlor's degree in any subject with a minimum in any subject with a minimum of Minimum of 50% marks for general and 45% marks for reserve candidates admission to the MBA programme at Annamalai University are based on

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A

Abhishek Singh

Contributor-Level 6

Answered 20 hours ago

Annamalai University Tamil Nadu MBA is a PG-level course, offered in full-time mode. The University offers MBA in various specialisations such as Analytics, HRM, Finance, Marketing, International Business Management and more. Annamalai University MBA fee structure includes a tuition fees ranging fro

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U

Upasana Gupta

Beginner-Level 5

Answered 21 hours ago

The Study and Lead Educational and Welfare Society in Kolkata offers an MBA program with a focus on Business and Management Studies. The eligibility criteria for admission include holding a bachelor’s degree with a minimum of 50% marks (45% for SC/ST candidates). Applicants are required to have a va

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81136750
Amit Saini

Contributor-Level 10

Answered 21 hours ago

The admission process for the MBA programme at Dayanand Sagar University typically involves several steps. Firstly, candidates must meet the eligibility criteria, which include holding a bachelor's degree with at least 50% marks (45% for SC/ST candidates). Applicants are required to appear for a rel

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33850491
Amit Saini

Contributor-Level 10

Answered 21 hours ago

With your son's impressive scores of 91.56 percentile in CAT and 238 in NMAT, along with clear sectionals, his chances of admission to the institutes he has applied to look promising. At IIM Amritsar, his CAT percentile is comfortably above the expected cutoff of around 90-95 for general categories,

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80380268
Amit Saini

Contributor-Level 10

Answered 21 hours ago

To pursue an MBA in IT, you can appear for several entrance exams depending on the universities or institutions you are targeting. CAT (Common Admission Test) is the most widely accepted exam for top business schools like the IIMs. XAT (Xavier Aptitude Test) is another popular option, especially for

...Read more

81159944
Amit Saini

Contributor-Level 10

Answered 21 hours ago

Given your 2 years of experience in the Chemical industry, an MBA with a specialisation that complements your background would be highly beneficial. Operations Management and Supply Chain Management would be excellent choices as both focus on managing production, logistics, and distribution, which a

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81444412
Amit Saini

Contributor-Level 10

Answered 21 hours ago

A score of 89 in NMIMS Management Aptitude Test (NMAT) can be considered decent, but it depends on various factors such as the specific programme you are applying to, the overall competition, and the cutoffs for the Pharmaceutical MBA (Pharm MBA) programme at NMIMS.

Generally, the cutoffs for NMIMS f

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29593763
Amit Saini

Contributor-Level 10

Answered 21 hours ago

Yes, you can take admission to an MBA programme through CUET PG (Common University Entrance Test for Postgraduate courses). CUET PG is conducted by the National Testing Agency (NTA) and is accepted by various central and state universities, as well as some private institutions, for MBA admissions. T

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81487006
Amit Saini

Contributor-Level 10

Answered 21 hours ago

If you have a 61 percentile in your MBA entrance exam and are looking for affordable colleges with strong placement opportunities, some options to consider are IMT Nagpur, UPES Dehradun, and LBSIM Delhi, which offer reasonable fees and good placement records. Pune University (PUMBA) provides an exce

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15971781
Amit Saini

Contributor-Level 10

Answered 21 hours ago

The Full-Time MBA programme at Alliance Manchester Business School has a tuition fee of GBP 39,200 for international students. In addition to tuition, international students should budget for living expenses, which can vary based on lifestyle and accommodation choices. The university offers various

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80071726
Amit Saini

Contributor-Level 10

Answered 21 hours ago

No, Dr. Yashwant Singh Parmar University of Horticulture and Forestry, located in Solan, Himachal Pradesh, does not offer an MBA in HR program. The university primarily focuses on programs related to Horticulture, Forestry, Agriculture, and allied fields. However, if you are looking to pursue an MBA

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81582444
Amit Saini

Contributor-Level 10

Answered 21 hours ago

To inquire about the MBA program at Jhunjhunwala P.G. College, you can contact the college administration using the following details:

  • Address: Hansapur Dwarika Puri, Faizabad, Uttar Pradesh, India

  • Phone: +91 5278 220 222

For more information, you can visit the official website.

 

 

47667923
Amit Saini

Contributor-Level 10

Answered 21 hours ago

To apply for the MBA programme at the University of York, you need to have a Bachelor's degree with a strong academic record (typically a 2:1 or around 60-70%) and, ideally, 2-3 years of professional work experience in a managerial or leadership role. While GMAT/GRE scores are usually required, the

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78590758
Amit Saini

Contributor-Level 10

Answered 21 hours ago

To prepare effectively for the MBA CET, it's crucial to understand the exam pattern, which includes sections on Logical Reasoning, Abstract Reasoning, Quantitative Aptitude, and Verbal Ability and Reading Comprehension. Time management is key, as the exam is time-bound. Focus on building a strong fo

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78289812
Amit Saini

Contributor-Level 10

Answered 21 hours ago

Ramdeobaba University (RBU) in Nagpur offers an MBA program, and the admission process for 2025 will be based on the CMAT 2025 exam, which is scheduled for January 25, 2025. Candidates must have a Bachelor's degree in any discipline from a recognised university to be eligible. The university does n

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80450854
Amit Saini

Contributor-Level 10

Answered 21 hours ago

Jaipur National University (JNU) offers an MBA in Hospital and Healthcare Management with eligibility for graduates from any stream. The admission process is based on the candidate's performance in an all-India level aptitude test, but the university does not specify fixed cutoff scores, which may v

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77461231
Amit Saini

Contributor-Level 10

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