MBA graduates in India have a wide range of career options to choose from, depending on their skills, interests, and specializations. However, some jobs offer higher salaries than others, especially in the current market scenario. Here are four high-paying jobs for MBA graduates in India, based on the latest data and trends.
Investment bankers are involved in raising money in capital markets and providing financial advice for both private companies and the government. They also help with mergers and acquisitions, restructuring, and valuation of businesses. Investment bankers need to have strong analytical, communication, and negotiation skills, as well as a deep understanding of the financial markets and regulations.
According to PayScale, the average salary of an investment banker in India is ₹9.6 lakhs per annum, with the highest salaries going up to ₹33 lakhs per annum. The salary also depends on the level of experience, the size and reputation of the firm, and the performance of the individual.
Project managers are responsible for planning, executing, and overseeing various projects within an organization. They ensure that the projects are completed on time, within budget, and according to the quality standards. Project managers also coordinate with different teams, stakeholders, and clients, and manage the risks and issues that may arise during the project lifecycle.
Project managers can work in various sectors, such as IT, construction, manufacturing, and consulting. The average salary of a project manager in India is ₹12.3 lakhs per annum, according to PayScale. The salary can vary depending on the industry, the complexity and scope of the project, and the skills and qualifications of the project manager.
Consultants are experts who provide professional advice and solutions to various clients, such as businesses, governments, and non-profit organizations. They help their clients improve their performance, solve their problems, and achieve their goals. Consultants can specialize in different domains, such as strategy, operations, marketing, finance, and human resources.
Consultants need to have strong analytical, problem-solving, and communication skills, as well as a broad knowledge of the industry and the market. They also need to be flexible, adaptable, and creative, as they often work on different projects and with different clients. The average salary of a consultant in India is ₹11 lakhs per annum, according to PayScale. The salary can range from ₹3.8 lakhs to ₹34 lakhs per annum, depending on the level of experience, the type and size of the firm, and the reputation and performance of the consultant.
Business Development Manager
Business development managers are responsible for identifying and pursuing new opportunities for growth and expansion for their organizations. They also build and maintain relationships with existing and potential customers, partners, and stakeholders. Business development managers need to have strong sales, marketing, and negotiation skills, as well as a strategic and entrepreneurial mindset.
Business development managers can work in various sectors, such as IT, e-commerce, retail, and media. The average salary of a business development manager in India is ₹7 lakhs per annum, according to PayScale. The salary can go up to ₹20 lakhs per annum, depending on the industry, the size and nature of the organization, and the skills and achievements of the business development manager.