An MBA program is a Master’s in Business Administration, and it is a post-graduation degree that people opt to fast track their career. MBA is a very general post-graduation degree that student from any background can choose to be an MBA grad. MBA student needs to complete the Bachelor’s program in any of the fields. Though there is this misconception about MBA is that this degree is only for business, but it is applicable in any field right from Finance, Health Care, Operations, Technology, Marketing and the list goes on. MBA helps you to gain the necessary skills and knowledge to be a leader in your field.
The MBA program is typically two years full-time course, but there are some institutes which allows you part-time course and flexibility in timings. MBA is also a good choice if you wish to change your career path after a bachelor’s degree. In a survey conducted by the Graduate Management Admissions Council in 2017 it is found that most of the people who completed an MBA program are satisfied with their degrees and they found the program financially rewarding too.
If you see the job listings today, there is a very high demand for MBA graduate candidate. The candidate with MBA tag is always preferred and this trend has increased in the last five years. If you are ready to keep yourself updated your career can grow like anything. Let’s take a look at what is a typical MBA Candidate Salary in India?
MBA in Finance: The average salary of an MBA finance candidate is 7,00,000 per annum and highest salary one can start with is 15,00,000 per annum.
MBA in Marketing: The average salary of an MBA finance candidate is 6,50,000 per annum. This salary increases as your experience in the field increases.
MBA in Business Analytics: Business Analytics is very demanding and promising career opportunity these days. One can start his career at an average package of 11 LPA and can grow up to 35 to 50 LPA at different levels of Job.
MBA in Operations Management: Industry has already started adopting industry standards 4.0 i.e. Internet of Things. During this phase change of industry standards, MBA operations are very much required skill. An average salary for fresher in MBA operations in 8,00,000 per annum.
Other MBA programs such MBA in HR, MBA in Project Management, MBA in marketing and MBA in SAP consultation offers an average salary between 4 to 6 Lacs per annum for a fresher.