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Jagpreet
28 September, 2024
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The start-up age is more than just a trend. New opportunities are blooming across the different industries in India. Shark Tank India, one of the most popular shows, gave rise to a new wave of businesses. As of 2024, the country is home to over 80,000 startups, making it the third-largest startup ecosystem in the world, following the United States and China. Lately, students have been pursuing an MBA degree for the wide range of opportunities it offers. It is also one of the most versatile postgraduate degrees. The specialisations it provides are more diverse than any other postgraduate degree, allowing you to explore multiple avenues.
However, what matters more is the choice you make. Each one of us has a different skill set. When we decide to choose a specialisation, it must align with our interests, performance, and skills. This helps us work more efficiently and, as a result, gives us a more impressive output. Therefore, choosing the right MBA degree is a more valuable decision.
Additionally, it can help you earn a more lucrative salary package of up to 25-30 LPA or even more. Are you wondering how to make the right choice? Look no further; here are the top industries that value an online MBA degree. Learn in detail about each and explore their top recruiters and salaries.
Information technology is one of the most flourishing industries in terms of the work prospects it offers. An online MBA offers a perfect combination of business analytics and management skills. An IT industry official will be able to manage the growing use of machine learning and artificial intelligence, allowing career growth to be significantly boosted.
An online MBA significantly contributes to the IT industry by preparing professionals with essential business and management skills alongside their technical expertise. It helps IT professionals understand business strategies, leadership, project management, and financial planning, qualifying them to take over managerial roles and work on innovation. The flexibility of online MBA programs also allows IT employees to enhance their qualifications without disturbing their careers while focusing on continuous learning and upskilling in a dynamically changing industry.
Here are the salaries offered by the top four recruiters in the consultation industry. These figures are general ranges and may vary depending on the location, roles and responsibilities, skills and educational background, and years of experience.
| Recruiter | Salary Insights |
| Accenture | INR 11.2 to INR 13 LPA |
| IBM | INR8 LPA to INR31.8 LPA |
| TCS (Tata Consultancy Services) | INR9 LPA to INR15.5 LPA |
| HCL Technologies | INR7.2 LPA to INR29.9 LPA per year |
| Wipro | INR10.1 LPA to INR 40 LPA |
| INR 26.8 LPA to INR 39.9 LPA. | |
| Oracle | INR13.5 LPA to INR44 LPA per year. |
| Amazon | INR9 LPA to INR39.8 LPA |
| Microsoft | INR37.9 LPA to INR41 LPA |
Consultation as an industry has boosted dynamically. These companies have acquired the top three positions in the market.
McKinsey
BCG
Bane
They highly value the scope of an online MBA degree, as the opportunities it offers are suitable for graduates and complement their skills and work profiles.
Here are the salaries offered by the top four recruiters in the consultation industry. These figures are general ranges and may vary depending on the location, roles and responsibilities, skills and educational background, and years of experience.
| Company Name | Salary Figures |
| Deloitte | INR6.3 LPA to INR23 LPA. |
| KPMG | INR 6.8 LPA to INR 26.5 LPA. |
| EY | INR9 LPA to INR32.7 LPA. |
| PWC | INR19 LPA to INR32.7 LPA. |
Consulting requires an eye for detail. An individual uses number crunching to make a detailed analysis and predict the company’s business growth and market position.
Professionals in this industry require problem-solving, leadership, and analytical skills to contribute effectively to their respective job roles. An online MBA offers valuable insight into such values and helps them gain knowledge. It is concerning the industry trends. Along with this, the programme also helps them stay competitive and develop the required expertise. Being a comprehensive course, it prepares an individual from all the dimensions.
Medical inflation is growing at 12–15 percent annually. This makes the chances of growth in this industry, its job opportunities, and the revenue generated highly possible. Medical tourism is also a significant contributing factor to this growth. Healthcare insurance is also improving because of increased awareness and government schemes and benefits.
Must Read: Online MBA in Healthcare Management: 2024 Guide
Here are the salaries offered by the top four recruiters in the consultation industry. These figures are in the general range and may vary depending on the location, roles and responsibilities, skills, educational background, and years of experience.
| Company Name | Salary Figures |
| Cipla | INR 5 LPA to INR 10 LPA |
| Sun Pharmaceutical Industries | INR 11 LPA to INR 17 LPA |
| Max Healthcare | INR5.2 LPA to INR16.3 LPA |
| Fortis Healthcare | INR 6.9 LPA to INR 9 LPA |
Additionally, the lack of confidence people have, and the increased faith in medical advice benefit the industry despite how they bet on the fear factor of the people.
An online MBA graduate can contribute significantly with healthcare expertise in the healthcare industry. This includes jobs like
Healthcare management
Hospital management
Compliances and regulations
Also Read: MBA in Healthcare Management: A Comprehensive Guide 2024
The entertainment and media industries have witnessed exponential growth due to multiple factors, such as
The influence of the Western media
The introduction of OTT platforms
The Eastern media’s arrival in India, such as the Japanese and Korean drama
The influence of an industry like Bollywood.
These factors are primarily responsible for the opportunities in the sector. With an MBA degree, an individual is equipped with the specialisation of management, data crunching, networking, and other important values such as analysis. These qualities contribute depending on the job role and responsibilities.
Here are the salaries offered by the top four recruiters in the consultation industry. These figures are in the general range and may vary depending on the location, roles and responsibilities, skills, educational background, and years of experience.
| Company Name | Salary Figures |
| ZEE entertainment | INR13 LPA to INR 26 LPA . |
| Sony Pictures Networks India | INR 20.8 LPA to INR 24.5 LPA . |
| Viacom18 | INR 14 LPA to INR 30.7 LPA . |
| Disney + Hotstar | INR 32 LPA to INR 38.7 LPA . |
An online MBA contributes to the entertainment industry in many ways. It provides students with marketing, strategic planning, and financial management skills. The industry is highly competitive, not just on a national level but even internationally.
This means that professionals have the skills to oversee production budgets, negotiate with the people involved, and work on creative projects. The fact that online management programmes are so flexible keeps the industry’s leadership and innovation alive throughout changing trends.
If you plan to consider an online MBA, here are the top benefits you must know before starting! This is an undoubtedly exciting journey to discover what all this degree holds for you:
Cost-effective: you can save on commuting and accommodation costs, making it a more affordable option. As it is, an MBA is a costly affair!
Skill Development: Enhance critical business skills like leadership, strategic thinking, and data analysis.
Personalised Learning: craft your education journey to suit your interests and career goals.
Access to Resources: Access online libraries, databases, and digital learning tools anytime, anywhere.
Also Read: Can Online MBA Get Me a Job? 2024 Edition
An online MBA has a great scope to offer; it has multiple options in terms of colleges, jobs, and even the courses that are available on the internet. This makes it highly flexible and convenient for those who find managing their time and other work commitments challenging. This industry is open to those who wish to study for an MBA degree despite the locational barriers and the financial factors that play an integral role. To consider an online MBA, you must explore the options and your expectations before deciding.
The following companies hire online MBA graduates:
Deloitte
IBM
P&G
Healthcare now
The following are the industries that accept online MBA degree graduates:
Consulting
Healthcare
Finance
Information Technology
Marketing
Several MNCs and industries consider an online MBA degree. It’s also highly flexible and convenient financially, making it a desirable option.
Higher-paying industries like finance and consulting may result in a salary hike, but the degree does not guarantee a higher scope when compared to an offline MBA. An online MBA can only be a partial replica of an offline MBA degree in terms of the offers. However, it can provide convenience factors such as flexibility, networking through online forums, and much more.
The answer could be subjective; it depends on your goals and personal aspirations you expect, along with the industry you work in in the future. You must also place your priorities first, such as the finances you are ready to spend on the degree, the locational barriers you are concerned about, and the growth and networking opportunities you expect out of this degree.
