Salary Trends for Online MBA Graduates: What You Can Expect in Various Industries

The employability among business administration graduates in India is 71% in 2024 as per a report by a global data and business intelligence platform. This number is a sharp increase from 47% employability reported in 2021. The career prospects for business graduates have always been promising. Furthermore, as India paces forward to become a US$ 5 trillion economy by 2025, the opportunities for the skilled workforce is experiencing a boost. This is evident from the upsurge in the average MBA salary for fresh graduates in India reaching 6-digit figures per month.

Master of Business Administration (MBA) is a sought-after career option for youth in India as it presents a broad spectrum of business skills and knowledge to use practically in technology-driven sectors. An online MBA courses facilitates students and working professionals to upgrade their careers and improve their earning potential. In this post, we are discussing the landscape of salary for online MBA graduates across industries and sectors to help them decide their career paths.

Career Options in Different Industries and Salary Potential for MBA Graduates

1. Career in Finance and Consulting

MBA graduates are recruited for high-paying jobs in the sector of finance and consulting. Students can opt for specializations such as an online MBA in International Finance to pursue their two-year professional master's degree. This program will help students get lucrative jobs as Financial Analysts, Management Consultants, or Investment Bankers. This is a globally recognized course with the potential to offer wide career choices across companies worldwide. With an Online MBA degree in hand, students can enter these fields earning competitive MBA salaries and performance-based bonuses. Here are some job roles to consider:

Job Role: Business Analyst

• Description: As an Online MBA in Business Analytics you will analyze data models and develop innovative solutions to derive logical conclusions. You will understand and document the business processes and systems.
• Average Salary: ₹5-13 lakh per annum

Job Role: Management Consultant

• Description: As a management consultant you will offer advisory services to organizations to help them improve their performance. You will also solve problems and work towards achieving company goals.
• Average Salary: ₹16-29 lakh per annum

Job Role: Investment Banker

• Description: The role of an Investment Banker involves providing financial advisory services to organizations and raising capital for corporations and other entities by issuing stocks and borrowing funds.
• Average Salary: ₹7-20 lakh per annum

2. Career in IT and Other Tech-based Jobs

With the growing digitalization of businesses, there has been a rise in demand for professionals with business sense and technical expertise. Online MBA India graduates progressing into the information technology (IT) sector can expect good pay scales, especially for roles like product managers and business analysts.

Further, the MBA salary for graduates who pursue tech-based roles is often higher than their peers. Here are some job roles and their average annual income:

Job Role: Innovation Consultant

• Description: As an innovation Consultant, you will help companies reinvent and grow using technology and innovation. You will be finding pioneering solutions to complex issues using technology, creative processes, and analytical tools.
• Average Salary: ₹7-13 lakh per annum

Job Role: Business Development Manager

• Description: The responsibility of a BDM involves helping organizations with financial growth and better brand recognition. You will also coordinate and review current market trends as well as propose new business ideas to improve profit margins.
• Average Salary: ₹5-12 lakh per annum

Job Role: Product Manager

• Description: As a product manager, you will bridge the gap between teams to deliver products to meet industry trends. You will work with strong communication and problem-solving skills in this position.
• Average Salary: ₹10-25 lakh per annum

3. Career in Healthcare Management

As the demand for professional healthcare management continues to grow, so do the MBA salary prospects for qualified professionals in this field. Healthcare management has become an attractive specialization for online MBA students. The healthcare industry is going through a notable transformation, driven by factors like developing regulations, technological advancements, and changing patient demographics. This dynamic landscape presents several opportunities for individuals with backgrounds in healthcare and business expertise.

Here are some interesting roles and their average salary:

Job Role: Healthcare Manager

• Description: Healthcare managers are responsible for the efficient administration of medical and healthcare services. They work closely with healthcare administrators, financial managers, and healthcare providers and focus on guiding them toward the overall goals of the organization.
• Average Salary: ₹4-10 lakh per annum

Job Role: Healthcare Marketing Manager

• Description: As a healthcare marketing manager, you will handle all the communications on behalf of the healthcare providers to let them focus on their duties of providing high-quality care.
• Average Salary: ₹2-10 lakh per annum

Job Role: Finance Manager in Healthcare

• Description: As a finance manager in healthcare, you will Oversee financial reports and provide financial support to different organizational departments. You will also carry several long and short-term objectives and do strategic planning.
• Average Salary: ₹3-17 lakh per annum

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4. Career in Advertising and Sales & MBA in Digital Marketing Online

As the demand for skilled sales and marketing professionals continues to grow at a rapid rate in India, companies are seeking fresh MBA graduates. Specializations in MBA Digital Marketing, as well as Sales and Marketing with expertise in marketing strategy, marketing analysis, and consumer behavior, are required for various positions in this career option.  The degree offers complete knowledge and expertise for professionals who hope to advance into leadership positions within the marketing space. Below are some roles to consider:

Job Role: Digital Marketing Manager

• Description: As a digital marketing manager, you will develop marketing campaigns and implement and oversee them. Also, you will develop and implement advertising techniques through digital platforms.
• Average Salary: ₹6-13 lakh per annum

Job Role: Asset Manager

• Description: As an asset manager, you will be responsible for managing investments and assets on behalf of your clients/companies.
• Average Salary: ₹5-13 lakh per annum

Job Role: Marketing Manager

• Description: As a marketing manager, you will be responsible to plan and execute marketing campaigns and strategies. You will also oversee them to promote the products and services of your company.
• Average Salary: ₹8-19 lakh per annum

5. Career in Manufacturing and Operations

The manufacturing industry has an important role to play in global economies. With its growing force on efficiency, sustainability, and supply chain management, this sector offers wide scope to MBA graduates. The average MBA salary range in this industry is around Rs.14 to 55 lakhs. Some popular job roles include Operations Manager and Sales Manager. The former looks after a company's safety standards, quality checks, enforcement of laws and rules, and production controls, and the latter is responsible for building up a sales team and guiding them toward achieving a company’s sales goals.

Job Role: Sales Manager

• Description: As a sales manager, you will be leading and managing sales teams or sales departments of an organization. You will provide training and mentorship as well as assign sales territories to your team members.
• Average Salary: ₹6-13 lakh per annum

Job Role: Operations Manager

• Description: As an operations manager, you will be holding a key leadership position in your organization and will be responsible for overseeing and managing routine operations.
• Average Salary: ₹6-15 lakh per annum

6. Career in Entrepreneurship and Startups

Online MBA holders specializing in Digital Entrepreneurship can launch their startups or join early-stage companies to achieve a significant return on their investment. This can be in the form of equity stakes and profit-sharing arrangements. The MBA salary in the entrepreneurial landscape can range from ₹40-50 lakhs to ₹1-2 crores per annum for founders and CEOs depending on the industry and the magnitude of the startup. The average salary can be anywhere from ₹4-15 lakh.

Job Role: Startup Founder

• Description: As a startup founder, you will serve as the company's owner and chief executive officer, and will be responsible for every step of the company’s foundation.
• Average Salary: Can go up to crores per annum

Conclusion

The MBA salary for graduates varies in different industries, which denotes the diverse opportunities and challenges in this field. Certain sectors customarily offer higher compensation than others. The value of an Online MBA in India extends beyond high-income rewards, as it improves professional growth, offers networking opportunities, and helps fulfill one's passion.

If you are also looking to excel in your qualifications and upgrade your career path, you can check courses at Amity Online University. They offer several online MBA programmes to help you achieve your goals. Explore Amity's website to see the courses offered, fee structure, specialisations, and placement support assistance.

Check Out Our Top Online MBA Specialization

Online MBA Specialization

• MBA in Digital Marketing
• MBA in Business Analytics
• MBA in Digital Entrepreneurship
• MBA in Data Science
• MBA in International Finance
• MBA in HR Analytics