Explore Courses
Top University
Jagpreet
11 September, 2024
Table of Contents
If you pursue an MBA from a reputable university, you can increase your alternatives outside of the employment sector. However, picking the right MBA specialisation will open numerous job prospects and competitive salaries globally. You should always choose the specialisation according to your interest. For instance, if your communication skills are good and you like connecting with people and management then you can go for an MBA in human resources. On the other hand, if you are excellent in accounts, economics and finance, then you should choose finance as your MBA specialisation. After an MBA placements and salaries also matter. There are various specialisations that offer high-paying jobs. Read this blog further to learn more about the top 10 highest-paying MBA specialisations in 2024.
The table below shows the top 10 highest-paying MBA specialisations and their average salary range offered. However, the salary range might vary according to years of experience and expertise level.
| S.No | Name of Specialisation | Average Pay Range |
| 1 | Marketing Management | INR 8 LPA – 35 LPA |
| 2 | Human Resources | INR 9 LPA – 25 LPA |
| 3 | Finance | INR 8 LPA – 25 LPA |
| 4 | Business Analytics | INR 7 LPA – 35 LPA |
| 5 | Entrepreneurship | Depending upon the revenue it might go up to INR 90 LPA |
| 6 | General Management | INR 8 LPA – 28 LPA |
| 7 | Digital Marketing | INR 8 LPA – 31 LPA |
| 8 | Logistics & Supply Chain Management | INR 9 LPA – 33 LPA |
| 9 | Operations Management | INR 8 LPA – 36 LPA |
| 10 | Information Technology | INR 10 LPA – 40 LPA |
Source: Glassdoor
The demand for MBA in marketing management is growing day by day. Almost in every sector marketing is used to promote the culture and product of the organisation. According to data from the Bureau of Labor Statistics , the employment of marketing managers is projected to grow faster than average from 2019 to 2029. Specifically, employment for marketing managers is expected to increase by 10-12% between 2021 and 2031, outpacing the growth rate for all occupations. Therefore, shortly, it will become one of the highest-paying MBA specialisations.
| Top Colleges | • Xavier Institute of Management and Entrepreneurship (XIME), Bangalore • Symbiosis Institute of Business Management (SIBM), Pune • Department of Management Studies, IIT Delhi • Indian Institute of Management (IIM), Ahmedabad |
| Job Roles | • Public Relations Officer (INR 8 LPA – 20 LPA) • Social Media Strategist ( 8 LPA – 18 LPA) • Brand Manager (6 LPA – 25 LPA) • Marketing Coordinator ( 7 LPA – 19 LPA) |
| Average Salary Range | INR 8 LPA – INR 35 LPA |
An MBA in Human Resource Management is a postgraduate programme. It enhances advanced HR knowledge and skills. This degree is ideal for individuals aiming to specialise in HR management within the larger business framework and seeking leadership roles in HR for career progression. You can pursue this degree in regular, part-time, online, and distance modes. In almost every sector HR is required. Be it pharmaceuticals, information technology, SaaS, healthcare, hospitality management, or the rural sector. As experience increases the salary range also increases.
| Top Colleges | • Amity University • Indian Institute of Management (IIM), Ranchi • International Management Institute (IMI), Delhi • ICFAI University |
| Job Roles | • HR Generalist (INR 7 LPA – 30 LPA) • Staffing Director ( INR 8 LPA – 30 LPA) • Human Resources Manager (Education and Training) (INR 7 LPA – 25 LPA) • HR Assistant ( INR 7 LPA – 25 LPA) |
| Average Salary Range | INR 9 LPA – 25 LPA |
This is one of the most renowned MBA specialisations. In 2024, many candidates chose an MBA in Financial Management because they wanted highly paid jobs. If you have an MBA in finance, then you can work in public sector banks, corporate banks, investment banks, international banks and commercial banks. You can get a high salary when you reach the level of zonal head, branch manager, etc. You can also work as a consultant and manager in the corporate sector. There are many investment banks such as SBI Capital and international banks such as HSBC and DBS banks that pay you more. After getting an MBA in finance you can also get a job outside India with competitive salaries.
| Top Colleges | • Lovely Professional University • Faculty Management Studies, University of Delhi • Symbiosis Institute of Business Management • Manipal University, Jaipur |
| Job Roles | • Private Equity Manager (INR 8 LPA – 25 LPA) • Financial Analyst (INR 8 LPA – 30 LPA) • Financial Manager (INR 8 LPA – 27 LPA) • Chief Financial Officer (INR 7 LPA – 19 LPA) |
| Average Salary Range | INR 8 LPA – INR 25 LPA |
McKinsey estimated that they could provide value for government organisations worth about $1.2 trillion annually through their analytical services. According to a recent EY survey , 93% of businesses stated they intended to boost their data and analytics expenditure. MBA in Business Analytics is in high demand globally. High demand implies high salaries. You can also go for an MBA in this specialisation if you have an interest in subjects such as Financial Analytics, Optimisation Analytics, Big Data Analytics, and Simulation Modelling. Almost every company deals with analytics and data. In the coming years, more jobs will be generated in the business analytics sector. You can easily pursue this specialisation if you have a graduation degree.
| Top Colleges | • Indian Institute of Foreign Trade • Lovely Professional University • Amity University • Chandigarh University |
| Job Roles | • Management Analyst (INR 8 LPA – 20 LPA) • Financial Analyst (INR 8 LPA – 30 LPA) • Financial adviser (INR 8 LPA – 29 LPA) • Chief Data Officer (INR 8 LPA – 25 LPA) • Quantitative Analyst (INR 8 – 30 LPA) |
| Average Salary Range | INR 7 LPA – 35 LPA |
After the “Make in India” scheme there is a proactive boost to the entrepreneurship sector. Nowadays, many individuals are focusing on running a startup and starting a new business. But the question is how to start. You can do this by getting an MBA in Entrepreneurship . After completing the MBA you will have knowledge, degree and skills in entrepreneurship. Some of the successful entrepreneurship startups such as Sugar Cosmetics , Mamaearth, MBA Chaiwala, Ola Cabs, and Zomato. If you are interested in becoming an entrepreneur and starting a business you can pursue this specialisation. However, the pay scale in this job depends upon the revenue of your business.
| Top Colleges | • Amity University • Faculty of Management Studies, Delhi University • IIM Lucknow • Symbiosis International University (Innovation & Entrepreneurship) |
| Job Roles | • CEO ( INR 10 – 50 LPA) • Entrepreneur (10 – 60 LPA) • Business Development Manager (15 – 60 LPA) • Venture Capital Analyst (20 – 80 LPA) |
| Average Salary Range | The salary depends upon the business promotion. It can also go up to INR 80 – 90 LPA |
An MBA in general management will give you a basic understanding of every functional area of management. If you are unsure of your career path in management, it is best to choose an MBA general; however, if you have previous work experience in a specific industry, such as marketing or finance, it is suggested to choose this specialisation. This specialisation can be selected by individuals from various professions, experience levels, and career goals. After completing this specialisation you can become a general manager in any industry. General Managers are highly paid be it be any organisation, IT, hospitality or digital marketing. However, your salary increases as you get promoted. If you choose to work abroad then you might earn in dollars.
| Top Colleges | • Indian Institute of Management (IIMA) • Ahmedabad Indian Institute of Management Bangalore • Jain Online |
| Job Roles | • Accounting Manager (INR 7 LPA – 20 LPA) • Business Analyst (6 LPA – 25 LPA) • Customer Relations and Consultancy (INR 8 – 20 LPA) • Database Analyst ( INR 10 – 25 LPA) |
| Average Salary Range | INR 8 LPA – INR 28 LPA |
Many organisations have adopted omnichannel strategies. The digital world is expanding and there is a need for digital content including videos and scripts. Businesses are searching for specialists who can manage all aspects of digital marketing. MBA in Digital Marketing concentrates on the tools and strategies needed to thrive in the digital economy. This specialisation covers digital marketing and analytics, brand management, social media marketing, SEO, and other related topics including exposure to relevant tools. As customers are shifting towards online platforms, experts in digital marketing are expected to become more in demand. Due to the rise in demand, there is a huge growth in vacancies and salaries.
| Top Colleges | • Amity University • Chandigarh University • Lovely Professional University • Chitkara University |
| Job Roles | • Marketing Consultant ( INR 8 – 20 LPA) • Content Marketing Manager (INR 8 – 25 LPA) • SEO Specialist (INR 8 – 25 LPA) • Social Media Manager (INR 9 – 30 LPA) |
| Average Salary Range | INR 8 LPA – INR 31 LPA |
The logistics and supply chain sector is on the increase globally. With the coming of many e-commerce organisations such as Myntra, Flipkart, Amazon, Blinkit, Zepto and Ajio the logistics sector needs more skilled workers. If you opt for this specialisation you study analytical abilities and managerial techniques which are required for the transportation of goods and services through the utilisation of inventory, customer service, warehouses, and storage. There are various other logistics services companies such as Shadowfax and Delhivery growing in the market. Therefore, You should pursue an MBA in Logistics & Supply Chain Management specialisation as it offers high wages as compared with other domains.
| Top Colleges | • Uttaranchal University • Amity University • Chandigarh University • University of Petroleum and Energy Studies (UPES) |
| Job Roles | • Logistics Executive (INR 8 – 20 LPA) • Supply Chain Manager (INR 8 – 20 LPA) • Purchasing Manager (INR 9 – 30 LPA) • Warehouse Executive (INR 8 – 25 LPA) |
| Average Salary Range | INR 9 LPA – INR 33 LPA |
The domain of operation management is trending in 2024 for high-paying salaries. In operations management, you basically have to deal with every aspect of business including its planning, production, manufacturing, and service delivery. In order to meet customer demand, pursuing an MBA in operations management provides a global perspective on industry trends. Nowadays, technology has reached an advanced level therefore, the long-standing issue of merging innovation and operations has been resolved because of agile innovation. You can choose this specialisation if you have an interest in subjects like business leadership, enterprise resource planning and application of operational research.
| Top Colleges | • Amity University • IGNOU • NIT Warangal • Indian Institute of Management Raipur |
| Job Roles | • General Operations Manager (INR 8 – 25 LPA) • Human Resource Manager (INR 8 – 30 LPA) • Operations Manager (INR 7 LPA – 25 LPA) • Purchasing Manager (INR 8 – 30 LPA) |
| Average Salary Range | INR 8 LPA – INR 36 LPA |
You can do an MBA in Information Technology if you are passionate about expertise in the IT sector. The rise in the IT sector shows that there are lakhs of jobs coming in 10 years. According to IBEF , IT spending in India is projected to grow by 11.1% in 2024, reaching $138.6 billion, up from $124.7 billion the previous year. The Indian software product industry is anticipated to hit $100 billion by 2025. Indian companies are increasingly investing abroad to expand their global presence and strengthen their global delivery centres. Many jobs will be created in the IT sector. The rise also indicates that employees in the IT sector are the most paid ones. Therefore, an MBA in information technology will give high paying jobs in the near future.
| Top Colleges | • Symbiosis Centre for Information Technology, Pune • Indian Institute of Management, (IIM) Bangalore • PIMSE Pune • C-DAC Noida |
| Job Roles | • IT Manager (INR 10 – 20 LPA) • IT Director (INR 10 – 20 LPA) • Project Manager (INR 15 – 30 LPA) • Chief Technology Officer ( INR 20 – 40 LPA) |
| Average Salary Range | INR 10 LPA – 40 LPA |
Source: Glassdoor
Finally, analysing the top 10 MBA specialisations with the highest salaries in 2024 will have a big impact on your earning potential and career path. You may put yourself in a position to benefit financially and advance your career by selecting a specialisation that fits both your interests and the needs of the market. A graduate degree in business, technology management, healthcare, or any other profitable sector can be a wise investment in your future career.
There are various MBA specialisations. You should go for a particular specification that best suits your interests. Some of the best specialisations in 2024 are digital marketing, marketing management, finance and entrepreneurship.
Business Analytics, Finance and Entrepreneurship are some specialisations that pay the most. You can earn upto INR 80 to 90 LPA with an MBA in these specialisations.
The salary range in MBA depends upon the specialisations. However the average highest paid salaries in 2024 are in between INR 8 LPA to 35 LPA.
Some of the MBA fields that are most in demand are MBA in marketing management, operations management, digital marketing, entrepreneurship and finance management.
