Top MBA Careers in India

MBA scope, MBA Benefits, MBA Career Options, MBA Job Hunt, MBA Top Recruiters, MBA Colleges

Updated on 29th March 2024 |6:00 PM |#MBACareerOptions

MBA, or Master of Business Administration, is a postgraduate degree that primarily focuses on developing management and leadership skills in the context of business. Many individuals opt to pursue an MBA to enhance their career prospects, acquire specialized knowledge, and elevate their earning potential.

In India, the spectrum of MBA career options encompasses roles such as project manager, consultant, financial analyst, marketing manager, and business development manager. According to a survey conducted by GMAC, an MBA salary tends to be approximately 77% higher than that of individuals holding a bachelor's degree. As of 2024, the average MBA salary in India is reported to stand at INR 7 LPA. However, it's important to note that this figure may vary significantly based on a variety of parameters.

Learn More about MBA

What is the scope of Career Opportunities with an MBA?

Numerous career options await MBA graduates in India across diverse industries and sectors, offering a wide array of opportunities such as:


How does earning an MBA affect one's career after graduation?

The pursuit of an MBA career offers several significant advantages, including:

Also Read: Reasons to Pursue MBA


Top MBA Career Options In India

Pursuing an MBA opens up many exciting career paths. Let's explore some of the high-demand and rewarding MBA career options:

MBA Career Options Salary Range (per annum) Job Description
Management Consultant ₹6 lakh to ₹30 lakh Provide expert advice to organizations, analyze problems, recommend solutions, and drive organizational change.
Financial Analyst ₹5.9 lakh to ₹15 lakh Assess financial data, conduct market research, and provide insights to assist in financial planning and decision-making.
Marketing Manager ₹5 lakh to ₹ 12.2 lakh Coordinate marketing policies and programs, determine product/service demand, and lead marketing campaigns.
Operations Manager ₹7 lakh to ₹ 10.7 lakh Manage the production of goods/services, ensure efficient resource utilization, and optimize processes for organizational effectiveness.
Business Development Manager ₹6 lakh to ₹ 8 lakh Identify growth opportunities, develop strategic partnerships, and expand the organization's market presence.
Human Resources Manager ₹5.5 lakh to ₹12 lakh Plan, coordinate, and supervise HR activities, including recruitment, training, employee relations, and performance management.
Supply Chain Manager ₹6 lakh to ₹14 lakh Coordinate and analyze supply chain operations, optimize logistics, manage inventory, and ensure efficient distribution of goods.
Product Manager ₹6 lakh to ₹20 lakh Improve products based on customer expectations, coordinate with finance, development, and marketing teams, and oversee product launches.
Investment Banker ₹8 lakh to ₹18 lakh Study the market to help companies and clients make financial decisions, issue debt or sell equity, and manage financial transactions.
Entrepreneur Variable Start and manage your business venture, including developing business plans, securing funding, and overseeing operations.

To have a detailed overview of MBA Specializations, click here.


How to get a Job after an MBA?

Landing a job after an MBA can be competitive and challenging at times. Starting to work on getting a job in your dream company while still completing your MBA can be a smart strategy. Here are some steps you can take:


Who are the top recruiters for MBA career options?

There are many MBA career options and many recruiters actively participate in campus hiring programs to attract talented students. Some of the top recruiters after an MBA include renowned companies and organizations across various industries. Here are examples of top recruiters after MBA:

Industry Top Recruiters
Consulting Firms McKinsey & Company, Boston Consulting Group (BCG), Bain & Company
Technology Companies Google, Apple, Amazon, Microsoft, Facebook
Financial Institutions JPMorgan Chase, Goldman Sachs, Morgan Stanley, Citibank
Consumer Goods Procter & Gamble (P&G), Unilever, Nestle, Coca-Cola, PepsiCo
Healthcare Johnson & Johnson, Pfizer, Merck, Novartis
Retail and E-commerce Walmart, Target, Costco, Amazon, Alibaba
Automotive Industry Toyota, Ford, General Motors, Tesla
Consulting/Advisory Deloitte, PricewaterhouseCoopers (PwC), EY (Ernst & Young), KPMG

Top colleges offering MBA programs for successful careers

Getting into the right college plays an important role in deciding MBA Career options where education and placement records are significant. While IIMs have a strong reputation for education and placements, several other top colleges also offer excellent opportunities for students. Here are some of the top MBA colleges in India other than IIMs:

College Name Fees (Approx.) Average Placement Package (Approx.)
Faculty of Management Studies (FMS), Delhi Rs. 2-3 lakhs Rs. 25-30 lakhs per annum
XLRI Jamshedpur Rs. 23-25 lakhs Rs. 22-25 lakhs per annum
SP Jain Institute of Management and Research (SPJIMR), Mumbai Rs. 18-20 lakhs Rs. 22-25 lakhs per annum
Indian Institute of Management (IIT) Delhi (DMS) Rs. 9-12 lakhs Rs. 18-22 lakhs per annum
IMT Ghaziabad Rs. 15-17 lakhs Rs. 12-15 lakhs per annum
SJMSoM, IIT Bombay Rs. 8-10 lakhs Rs. 20-25 lakhs per annum
SIBM Pune Rs. 16-18 lakhs Rs. 20-22 lakhs per annum
Management Development Institute (MDI), Gurgaon Rs. 20-22 lakhs Rs. 20-24 lakhs per annum
Xavier Institute of Management (XIM), Bhubaneswar Rs. 18-20 lakhs Rs. 15-18 lakhs per annum
Great Lakes Institute of Management, Chennai Rs. 16-18 lakhs Rs. 12-15 lakhs per annum

FAQS

Yes, you can pursue an MBA at other reputed business schools in India besides IIMs. These schools offer diverse specializations and good MBA career options.

Yes, an MBA can be a highly rewarding career option with increased job opportunities and the potential for higher earnings.

After an MBA, you can pursue various roles such as management consultant, financial analyst, marketing manager, operations manager, business development manager, and human resources manager, among others.

Some high-paying MBA jobs often include roles like Chief Executive Officer (CEO), Chief Financial Officer (CFO), Vice President of Finance, Investment Banker, Management Consultant, and Product Management Director.

The most in-demand MBA specializations for 2024 include Artificial Intelligence & Machine Learning, Business Analytics & Big Data, Entrepreneurship, and Financial Management among others.

Suggested Readings

MBA Beginner’s Guide Top MBA Entrance Exams Top MBA Colleges Specialized MBA Courses