MBA Career 2024: Highest Paying Job Roles and Salary Offered Worldwide
Pursuing an MBA helps candidates improve their career prospects and earn a high-paying job. Know the most preferred and valuable MBA career 2024.
Anil Solonki13 Nov, 2023
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MBA Career 2024: An MBA is an advanced postgraduate qualification focusing on business and management areas. Most preferred specialisations offered within the MBA program include finance, sales, human resources, marketing, operations management, and more. All the candidates who aspire to pursue an MBA search for the potential job opportunities offered after completing their MBA degree.
Today, most businesses and organisations search for highly qualified MBA degree holders to drive operations, manage finance/human resources, and increase profitability. Additionally, MBA graduates are offered high pay for multiple job roles. Here is a detailed overview of the MBA career 2024 and the average salary offered to MBA graduates.Highest Paying Specialisations in MBA Career 2024
The MBA degree equips students with the knowledge and skills for diverse job roles in the business world. MBA degrees primarily focus on shaping the managers and leaders of the future. Colleges in India offer multiple MBA programs, including Executive MBA, Full-Time MBA, Part-Time MBA, and others, catering to various needs of candidates. The most preferred specialisations for high paying MBA career 2024 are outlined below:- Sales and Marketing
- International Business
- Human Resources (HR)
- Finance
- IT and Systems
- Business Analytics
- Operations
- Healthcare
- Hospitality
- Supply Chain
- Entrepreneurship
High Paying MBA Career 2024
Here is a discussion for the top-paying MBA career in 2024:Sales and Marketing
Individuals placed in the job roles in this category are required to research and cultivate marketing opportunities. Additionally, they devise and execute new sales strategies. With an MBA in sales and marketing , candidates can seek the following career options:- Brand Manager
- Sales Manager
- B2B Sales Manager
- Digital Marketing Manager
Also Read: Career Options After MBA in Marketing
Human Resource Management
An MBA in HRM equips candidates with the knowledge and skills to manage people in an organisation, oversee compensation and employee benefits, train new staff members, ensure workplace safety, and more. Job roles in this specialisation include the following:- HR Manager
- HR Assistant
- Employee Relations Manager
Supply Chain Management
Logistics and supply chain management play a crucial role in industries such as FMCG and manufacturing. Jobs for MBA holders in Supply Chain Management include:- Warehouse Managers
- SAP Consultants
- Supply Chain Analysts
Business Management
MBA professionals in business management roles analyse data related to past or present using modern technology to refine the data. The major of business management roles is designing future growth. MBA career 2024 in this field includes:- Data Scientists
- Data Analysts
- Analytics Managers
- BI Analysts
Retail Management
MBA in Retail Management equips professionals with the knowledge and skills to supervise retail stores, focusing on staffing, sales, and stock management. Achieving this specialisation is crucial for candidates to secure jobs for the following positions:- Retail Manager
- Branch Manager
- Institutional Sales Manager
- Regional Manager
Finance Management
MBA in Finance Management involves planning, organising, directing, and controlling financial resources within an organisation. The primary goal of finance management is to maximise the value of the firm or organisation for its stakeholders. After completing an MBA in Finance, candidates can join the following positions:- Financial Analyst
- Accounting Manager
- Finance Manager
- Private Equity Associate
Also Read: MBA Courses 2024
IT & Systems Management
MBA roles in IT and Systems focus on managing an organisation's hardware and software needs. Jobs associated with this specialisation typically include the following:- Project Manager
- Product Manager
- Business Analyst
Operations Management
Operations roles involve tasks such as forecasting, product design, handling supply chain processes, managing inventory, and maintaining quality throughout the product planning and execution process. MBA jobs for those with this specialisation in operation management include the following:- Business Operations Manager
- Logistics Manager
MBA Career 2024: Salary Offered Worldwide
The table below shows the salary offered to MBA professionals throughout the world:| Country | MBA in Sales and Marketing | MBA in IT and System | MBA in Business Analytics |
| India | ₹0.2 Lakhs to ₹13.1 Lakhs | 5 Lakhs to 12 Lakhs | ₹5.0 Lakhs to ₹18.0 Lakhs |
| USA | $114,029 to $147,771 | $57,000 to $125,000 | $57,000 to $100,000 |
| UK | £28,000 - £76,000 | £34,000 to £76,000 | £26,000 to £74,000 |
| Australia | $62,500 to $113,100 | $113,410 to $159,724 | $99,485 to $140,340 |
| UAE | 60,000 to 294,000 AED | 16,800 to 110,960 AED | 60,000 to 318,000 AED |
Benefits of MBA Career 2024
The point below shows the notable benefits of seeking an MBA career in 2024:- An MBA degree helps professionals in salary enhancement.
- MBA degree holders are able to improve their employment prospects.
- Professionals can shift their job roles and enter their preferred sector.
- While pursuing an MBA course, candidates get the opportunity to develop and improve their networking with peers and alumni.
- Having an MBA on the resume provides distinguished recognition.
- MBA helps candidates to venture into entrepreneurship.
MBA Career 2024 FAQs
Is pursuing an MBA helpful for professional growth?
With the expansion of industries around the world, the demand for skilled business professionals keeps increasing. Professionals with an MBA degree have a good possibility of getting high-paying jobs and career advancement.
What is the average salary offered to fresh MBA graduates in India?
In India, MBA graduates get 6-7 LPA as an average starting salary.
What are the career prospects for MBA graduates?
With job growth in business and financial services, the MBA job market is expected to increase by 7% from 2021 to 2031.
Is pursuing an MBA a secure choice for the future?
Opting for an MBA is particularly advantageous due to its potential for substantial future returns. An MBA degree is crucial for elevating career prospects, earning potential, and overall professional standing.
Who among MBA and MCA earns a higher salary?
The average starting salary for MBA professionals in India ranges from 6-7 lakhs per annum, while fresh MCA graduates get an average package of 3-5 LPA.
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