Career After MBA: Jobs, Scope, Placements, Salary 2023, Top Recruiters

Jasmine Dang AroraDeputy Manager-Content
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.
Table of Contents
Why Choose MBA?
- 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.
- There are more than 14k job offers currently on monsterindia.com and more than 58k jobs on naukri.com.
- The average annual salary of an MBA in India ranges between INR 7 LPA to INR 12 LPA for different specialisations.
- 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.
Also Read:
Top Careers In MBA
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:
- Marketing Manager- Marketing managers are responsible for organising and managing marketing campaigns to raise awareness and generate demands for products and services marketed. The average annual salary of a marketing manager is around INR 7.4 LPA.
- Finance Manager- Financial managers oversee a company’s financial activities such as managing cash and investment activities, and financial transactions as well as performing data analysis and advising senior managers on profit-maximising ideas. A financial manager’s average annual salary in India is INR 13 LPA.
- Investment Banker- Investment bankers are investment professionals who provide financial advice and direct the investment of money. They lend their services to big organisations, start-ups, and, in some cases, even governments. Their salary ranges between INR 2 LPA to INR 40 LPA with an average annual salary of INR 4.5 LPA.
- Chief Technology Officer- The Chief Technology officer manages the technology team and oversees research and development as well as special projects that need technical vision of a company. THE CTO looks after the entire IT department and is also responsible for developing, implementing, managing, and evaluating the company’s technological resources. The average annual salary of a CTO is INR 31 LPA.
- Information Technology Director- The average annual salary of an Information Technology (IT) Director in India is INR 41 LPA. They are the person-in-charge of technology within an organisation which means they are responsible for the management of all information technology and computer-related activities in an organisation.
- Product Manager- 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. The average annual salary is around INR 16.3 LPA.
- Health Services Manager- Health Services Managers are in high demand as they manage public health programs, scientific research and pharmaceutical or medical equipment manufacturing. Their basic job is to look after departments and areas such as nursing, finance, patient records, outpatient clinics as well as medical practices. The average annual salary of Health Services Manager is INR 4.5 LPA in India.
- Entrepreneurship Manager- Entrepreneurship managers are also known as business managers who ensures company’s productivity and efficiency by supervising and leading a company’s operations and employees. On an average the annual salary of an Entrepreneurship Manager is INR 9 LPA.
- Human Resource Manager- Human Resource Managers are responsible for recruiting, interviewing and hiring of a new staff. They consult with the top executives on strategic planning and also serve as a link between the management and the employee of an organisation. The average annual salary of an HR manager is INR 7 LPA.
Also Read:
MBA Scope In India
One of the biggest advantages of an MBA is that it comes with the option of various specialisations. It is a vast ocean of opportunities that offers students the work in a plethora of industries. Besides, an MBA in a particular specialisation 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:
- Retail and Corporate Sector- There are many job roles for different MBA specialisations 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 private and government sectors. With an average annual salary ranging between INR 2 LPA to INR 10 LPA, candidates can look out recruitments 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 an expertise in hospitality sector, students can expect for 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- 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 include solving organisational 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 to 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 that 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 Managers, 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 Job Position
Choosing the best MBA specialisation 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 specialisations 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 specialisations of MBA in India:
Job Specialisations |
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:
- Amazon
- Hindustan Unilever
- Mckinsey & Co.
- Bain & Co.
- Goldman Sachs
- Microsoft
- Boston Consulting Group
- Coca- Cola Company
- JP Morgan Chase & Co.
The top five Indian companies that hire MBA graduates are:
- Tata Administrative Services
- Aditya Birla Group
- ITC
- Flipkart
- Asian Paints
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 future. Given below is a list of some of the top IIMs with highest CTCs offered in 2021- 22:
College |
Highest CTC (2021- 22) |
Average CTC (2021- 22) |
---|---|---|
IIM Ahmedabad |
INR 75 LPA |
INR 27.5 LPA |
IIM Bangalore |
INR 49 LPA |
INR 28.9 LPA |
IIM Calcutta |
INR 1.3 CPA |
INR 34 LPA |
IIM Lucknow |
INR 51 LPA |
INR 26 LPA |
IIM Kozhikode |
INR 69.3 LPA |
INR 29.5 LPA |
IIM Indore |
INR 56.8 LPA |
INR 23.6 LPA |
IIM Shillong |
INR 55.2 LPA |
INR 23.1 LPA |
IIM Rohtak |
INR 32 LPA |
INR 16 LPA |
IIM Ranchi |
INR 26.5 LPA |
INR 15 LPA |
IIM Raipur |
INR 42.1 LPA |
INR 17.7 LPA |
Here is a list of some of the top private B-schools with some of the highest CTCs:
College |
Highest CTC (2021- 22) |
Average CTC (2021- 22) |
---|---|---|
MDI Gurgaon |
INR 1.1 CPA |
INR 26 LPA |
IMT Ghaziabad |
INR 62 LPA |
INR 15.5 LPA |
XLRI |
INR 60 LPA |
INR 30.7 LPA |
NMIMS Mumbai |
INR 57.6 LPA |
INR 23 LPA |
SPJIMR Mumbai |
INR 53.1 LPA |
INR 32 LPA |
SIBM Pune |
INR 45.5 LPA |
INR 23 LPA |
JBIMS |
INR 42 LPA |
INR 27.5 LPA |
SCMHRD |
INR 35.5 LPA |
INR 19.5 LPA |
XIMB |
INR 32.2 LPA |
INR 17.5 LPA |
IMT Delhi |
INR 32 LPA |
INR 15.2 LPA |
How To Get A Job After MBA
Landing a job after MBA is not as easy as getting an MBA degree. Besides, competition is increasing exponentially and one needs to toil hard to mark a safe and secure position in the market. The best bet is to start while you are studying, and following some of the given tips to land your dream job:
- Enhance your skills- Having an MBA degree but lacking the required skills is similar to having all the resources but not aware of on how to use them. Skills such as critical thinking, problem solving, logical reasoning, etc helps in shaping your career and could be developed through regular practice.
- Join the alumni network/ establish a good network- Joining the alumni network of your college may prove to be an important step towards establishing a good engineering career. You get updates about vacancies in top companies; learn interview skills to crack them and many more.
- Make an impressive resume- To stand out amongst thousands of applicants you need to be creative and well represented with your resume. You can download samples available online or get your resume prepared through a writing agency.
- Find a good internship- Always look for internships that compliment your dream career. Good internships will not only let you gain experience but may help you land in a better place.
- Explore different industries- Getting an MBA degree opens doors of a plethora of industries for you to try out your luck such as finance, marketing, human resource management, etc. Even if you choose any one domain as your specialisation, and you are not satisfied with the perks, you can look up to switching your field any time.
- Stay upup-to-date and ready for interview- Keep following the new trend and market status to appear knowledgeable and sharp in your interviews. You may follow many social media sites or business news for this.
Top Indian Cities To Get Lucrative Jobs After MBA
One way to kick start a great career is by moving to a city that offers both economic advantages and good quality of life. Although MBA offers loads of specialisations to choose from and an MBA graduate is in demand in almost every sector, it becomes important to choose the right place to have a good start of the career.
Here is a list of some of the most promising cities for MBA graduates in India:
City |
Job Scope |
Average CTC |
---|---|---|
Gurgaon, Haryana |
Financial Analyst, Marketing Manager |
INR 7.5 LPA |
Bangalore, Karnataka |
Project Manager, IT Manager |
INR 7.3 LPA |
Mumbai, Maharashtra |
Media executive, Digital Advertising Expert, TV producer |
INR 7.3 LPA |
Delhi, Delhi |
Human Resource Manager, Management consultant, |
INR 6.9 LPA |
Pune, Maharashtra |
Management consultant, Marketing and sales manager |
INR 6.2 LPA |
Chennai, Tamil Nadu |
Operations Manager, Business operations |
INR 6 LPA |
Life after MBA
A survey conducted by MBA50, of 1108 students from world’s leading business schools pegged the Happiness index at 8.53 post MBA. The pre- MBA happiness index was only at 5.98 that rose to 7.71 during the course and 8.53 afterwards clearly states that people became happier after from the time they enrolled for the program, to completing it. However, big salaries come with some of the most demanding expectations and this is why certain times this job is considered intolerable or insufferable, as some MBA alumni say. But pursuing an MBA in a high-growth field will definitely boost your career growth and develop various technical and soft skills.
Read More:
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Frequently Asked Questions (FAQs) About MBA
Q. What is the minimum qualification required to pursue MBA?
Q. What is the average salary of a fresher with an MBA in India?
Q. Name some of the top recruiting companies hiring MBA graduates in India?
Q. What kinds of sectors hire MBA graduates in India?
Q. Which cities are the best for MBA graduates in India?
Q. What is the role of a Marketing Manager?
Q. What are some of the core skills required to be an ideal manager?
Q. How can I get a job after completing my MBA course?
Q. What is the highest placement package offered at IIM, Calcutta?
Q. What are some of the best colleges for MBA in India?
Q. What is the role of a Product Manager?
Popular MBA (Masters of Business Administration) Colleges in India
Popular Private MBA (Masters of Business Administration) Colleges in India
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Most Popular Courses
Popular Courses
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News & Updates
Student Forum
Answered 6 hours ago
The total tuition fee of the MBA programme at GITAM Visakhapatnam is INR 7.55 Lacs - INR 9.7 lakh. The fee is sourced from unofficial sources and hence is indicative. The duration of this MBA programme is two years and passing any Bachelor's degree from a recognised university with a minimum of 50%
a
Contributor-Level 10
Answered 6 hours ago
A pass in regular, full-time UG/ Integrated degree from a recognised institute/ university of at least three years duration with a minimum of 60% aggregate (50% for SC/ ST candidates and applicants belonging to Jammu & Kashmir and North-Eastern states of Arunachal Pradesh, Assam, Manipur, Meghalaya
Answered 6 hours ago
The total fee for MBA is INR 7 lakh. The fee includes a caution deposit of INR 3,000. Aspirants are required to pay the course fee after completion of all the selection rounds to confirm their seats. In case, a candidate is unable to pay the fee within the specified time, his or her admission will s
Answered 6 hours ago
The institute shortlists candidates for MBA course based on national-level entrance exams like CAT, MAT, XAT, GMAT, CMAT, NMAT or ATMA. The shortlisted aspirants are further required to come for the PI round. Vellore Institute of Technology will also consider the academic performance and work experi
Answered 6 hours ago
Yes, MBA is a two-year course divided into four semesters. Vellore Institute of Technology offers MBA in six specialisations, namely Finance, Marketing, Business Analytics, Human Resource Management, General Management and Production and Operation Management. MBA course is designed with a Curriculum
Answered 6 hours ago
Candidates should be eligible to enroll in the M.B.A. programme at MVJ College of Engineering.
The next step is for individuals to apply and show up for the Karnataka PGCET admission exam.
Candidates for admission under the management quota must have passed any one of the following tests: the KMAT, CA
T
Beginner-Level 5
Answered 6 hours ago
Yashwantrao Chavan Maharashtra Open University fees for the MBA course will range between INR 8,000 and INR 1.7 lakh. The fee mentioned here is the total fee and is taken from an unofficial source. Hence, in indicative. For a detailed YCMOU MBA fee structure, candidates are advised to contact the ad
M
Contributor-Level 10
Answered 6 hours ago
The selection to MBA course is based on Karnataka PGCET/ KMAT/ MAT score. After completion of the selection rounds, the university releases a merit list to announce the names of the shortlisted candidates. The shortlisted aspirants are called for counselling and document verification. Aspirants need
Answered 6 hours ago
To apply MBA at Integral University, students need to visit the official website of Integral University and fill an online application form. The steps of the application process include visiting the official website of the institute and clicking on the admission link. Next, students need to click on
Answered 6 hours ago
As per the information available of the official website of the University, Yashwantrao Chavan Maharashtra Open University degree and post-graduate degree programmes are duly recognised and approved by the ‘ University Grant Commission (UGC)’. Apart from the MBA course, YCMOU all the architecture gr
M
Contributor-Level 10
Answered 6 hours ago
The total tuition fee for MBA is INR 6 Lacs as per an unofficial source. Candidates are required to pay the course fee after completion of all the selection rounds to confirm their seats. In case, a candidate is unable to pay the fee within the specified time, his or her admission will stand cancell
Answered 6 hours ago
Integral University admissions to MBA (General) and MBA (Agri-business) courses are entrance-based. Students have to fulfil the minimum eligibility criteria and qualify for the respective entrance exams with a valid score. Find below the eligibility and selection criteria for both courses:
Course Name | Eligibility | Selection Criteria |
---|---|---|
MBA (General) | Graduation with 50% aggregate in any stream or Pass BTech with 55% aggregate from a recognised university | IUET/ CAT/ MAT/ UPSEE or any state entrance examination for MBA or entrance exam conducted by the prominent universities |
MBA (Agri-business) | Graduate with 50% aggregate in BTech (Agri. Engg./ Biotechnology/ BSc Forestry/ BSc (Ag)/BSc (Horti)/Food Tech/Dairy Tech/ BSc Vet. Sci. & Animal Husbandry /BSc Home Sci) | IUET |
Answered 6 hours ago
Candidates need to pass bachelor's degree with at least 50% aggregate (45% aggregate for SC/ ST/ Category-1 for candidates belonging to Karnataka) to apply for the MBA course. Candidates are required to fulfil the eligibility requirements and submit their proof of eligibility during the document ver
Answered 6 hours ago
Yes, Yashwantrao Chavan Maharashtra Open University offers an MBA course at the undergraduate level. The minimum duration to complete this course is two years and the maximum is of five years. The programme consists of 20 courses and project work spread over 4 semesters in two academic years. Candid
M
Contributor-Level 10
Answered 6 hours ago
Yes, Integral University offers a two-year course of MBA (General) through the Department of Commerce & Management. Apart from this, the university also offers MBA in Agri-business via the Department of Agricultural Science & Technology. Those who are willing to get admission to either of the course
Answered 6 hours ago
CEG offers MBA programme in two specialisations including MBA General and MBA Tourism Management. A candidate needs to be a graduate from a recognised institute or university to be eligible to seek admission in any of the two specialisations offered at the institute.
M
Contributor-Level 10
Answered 6 hours ago
As per some of the unofficial sources, Warwick Business School acceptance rate is around 13%. This means to get into the Warwick Business School MBA course, the applicants must have an outstanding academic record. As a part of the entry requirements, the University of Warwick has mentioned that the
Answered 6 hours ago
The average GMAT score required for admission to Warwick MBA is 660. A valid GRE score is also accepted for the University of Warwick. Other important entry requirements for Warwick MBA include work experience and undergraduate degree. Also Read: MBA in UK without Work Experience: Is it worth it?
Answered 6 hours ago
The University of Warwick ranks at #6th position in the UK in the Financial Times Global MBA Ranking 2023. The duration of the Warwick MBA programme is 12 months. By pursuing the MBA from Warwick Business School, the applicants will be able to acquire the following skills:
- Comprehensive understanding
Answered 6 hours ago
Given below are Warwick MBA requirements:
- An upper-second class honors at the undergraduate level from a UK university or the equivalent from an overseas university is required. The University of Warwick also welcomes applications from those applicants who do not have academic qualifications but are
Answered 7 hours ago
TAPMI XAT cutoff 2024 is yet to be released. The registration is ongoing for XAT 2024 exam. XAT cutoff will be released soon after the release of XAT result. However, considering the past year trends, the expected TAPMI XAT cutoff for 2024 will range between 80 and 85 percentile for the General All
R
Contributor-Level 10
Answered 7 hours ago
Candidates seeking admission at Osmania University MBA course must visit the official website of the University to register themselves. After register successfully, students need to appear for the Telangana State Integrated Common Entrance Test (TSICET). The final selection is based on the candidate
M
Contributor-Level 10
Answered 7 hours ago
Osmania University the highest package stood at INR 18.2 LPA during OU placements 2022. A total number of 13 companies visited the campus and 50 students were placed during Osmania University placements 2022. A few more highlights related to Osmania University MBA placements 2022 are tabulated below
M
Contributor-Level 10
Answered 7 hours ago
Osmania University MBA fee will range between INR 20,000 and INR 6.7 lakh. The fee mentioned here is taken from an unofficial source hence is indicative. For a detailed Osmania University MBA fee structure, candidates are advised to contact the admission department of the University.
M
Contributor-Level 10
Answered 7 hours ago
The course fee for MBA ranges from INR 16,510 - INR 5.9 lakh. This fee is taken from unofficial sources and hence, is indicative. Students are requested to visit the official website to get more details on the same. Further, the CAT exam fee is INR 2,300 for the General category students and INR 1,1
Answered 7 hours ago
Graduates in any stream from a recognised university are eligible for Calcutta University admission. Aspirants can apply by filling out the application form online by visiting the CU website (caluniv.ac.in). Admission to MBA courses is through national-level entrance exams such as CAT/ MAT/ JEMAT, f
Answered 7 hours ago
The CAT score required for TAPMI varies depending on the category of the candidate. TAPMI CAT cutoff 2023 is yet to be released for admission to the MBA course. However, based on the previous year's trends, the required CAT cutoff for General category candidates is around 85 percentile.
Also, the cu
R
Contributor-Level 10
Answered 7 hours ago
For SRM Delhi Campus you need 50 (percentile score) of SRMJEE
The cutoff scores listed above should be considered suggestive only and may change from year to year. Additionally, achieving the required score does not ensure admission to the SRM University MBA program. The final decision is made based
M
Beginner-Level 4
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What is the total tuition fee of the MBA programme at GITAM Visakhapatnam?