For most MBA graduates “job” is a strong motivator. It often acts as a fuel that propels them to perform their best, academically as well as during their placement. According to experts and surveys, no other degree is closer to a promising future in terms of prospective lifetime earnings than an MBA.
Surely an MBA degree can land one with their dream jobs but their chances of getting a highly-paid offer get enhanced if they choose the type of MBA and the specialization wisely. It is widely believed that the programme, specialization you choose, and your performance will decide what industry role you will get and what will be your starting salary.
Free Palestine
With this in mind, here are the top 5 highest-paying jobs an MBA degree can help you get.
Can an MBA Degree Actually Land You a Job?
The elephant in the room is “Can an MBA degree actually land you a job?”
The answer is both YES and NO.
This degree programme has the potential to get you a job. However, suppose you do not choose the right specialization that aligns with your career goals, or you fail to perform well throughout your MBA journey or during the placement. In that case, your chances of getting a lucrative job offer may be compromised.
So, it is wrong to take an MBA degree as a “magic potion,” which, if you could swallow it, can lead to a bright future. Whether it is regular MBA courses or top international MBA programmes, your efforts will determine if you are qualified for a high-paying job.
Top 5 Highest Paying Jobs an MBA Can Actually Help You to Get
1. Project Manager
The name of the profile reveals the work role: planning, executing, supervising, and managing a company’s initiatives or projects.
These professionals often work with several industries, sectors, and stakeholders.
A project manager’s responsibilities include, but are not limited to, ensuring quality, planning, organizing, and managing projects. They are the primary point of contact for stakeholders, conveying project status, resolving difficulties, and enabling decision-making across the project’s lifespan. In a nutshell, these professionals play an important role in moving projects ahead, managing competition, and eventually providing effective results.
MBA Specialization Required:
Project Management
Operations Management
Supply chain Management
Technology Management
National Average Salary:
INR 10 LPA
2. Finance Manager
A finance manager supervises and controls a company’s finances. These professionals are also responsible for making recommendations to top management on how to boost the organization’s profits. Finance managers collaborate with their teams and participate in decision-making processes that may have an impact on budget analysis.
To thrive as a successful financial manager, one must have strong analytical skills as well as excellent verbal and written communication skills.
MBA Specialization Required:
MBA in Finance
National Average Salary:
INR 9 LPA
3. Product Manager
A product manager oversees a product’s creation, plan of action, and performance throughout its lifespan. Product managers work in tandem with engineering, design, marketing, and sales teams as well as other cross-functional teams to ensure the product fulfills consumer demands and is in line with the company’s vision.
To continually enhance the product and propel its success in the market, product managers also have additional responsibilities that include gathering input, analyzing data, and making data-driven choices.
MBA Specialization Required:
MBA in Product Management
MBA in Marketing
National Average Salary:
INR 13 LPA
4. Chief Technology Officer
A chief technology officer (CTO) is a manager who oversees a company’s technical demands and issues. Their major responsibility is to create and execute effective approaches for using technology to fulfill the company’s goals and objectives.
CTOs work closely with product managers to set requirements for products, manage projects, and assure consistency with overarching business goals.
MBA Specialization Required:
MBA in IT
MBA in Technology Management
National Average Salary:
INR 8.3 LPA
5. Chief Financial Officer
A chief financial officer, or CFO, is one of the highest-paying jobs available to those with an MBA, especially an MBA in Finance. That being stated, a CFO is not an entry-level post, and one must have the necessary industry expertise to hold it.
A CFO’s major responsibility is to oversee the long-term financial objectives of a business. These experts seek to raise capital from investors while also forecasting, planning, risk management, and performing other related responsibilities.
Overall, the CFO is responsible for defining the financial plan, mitigating financial risks, and offering financial guidance and counsel to ensure the company’s development, economic viability, and long-term success.
Around the Web
Sponsored
One Cup of This Today Can Help Burn Your Belly Fat Like Crazy!
One Cup of This Today Can Help Burn Your Belly Fat Like Crazy!
Puravive
MBA Specialization Required:
MBA in Finance
National Average Salary:
INR 12 LPA
Top MBA Specializations With High Market Demands
Although any MBA specialization can lead to lucrative career prospects, a handful have consistently ranked at the top of the list in terms of employment. With the shifting business landscape, corporations are seeking MBA graduates with specialties that are directly pertinent to the current corporate world.
So, here is a list of the top MBA specializations that are now in great demand and are expected to continue in the job market.
Business Analytics
Finance
Marketing
Operations Management
Product Management
Project Management
Technology Management
International Business
IT
Supply Chain Management
The Bottomline
So, here is our take on the top five highest-paying positions that an MBA degree may help you get. An MBA degree, if done with the proper specialization, and from a reputed business school, can truly help you get a highly lucrative job. The above list is inexhaustible, and there are a host of other job options that can pay MBA grads handsomely. So, if you are thinking of getting into an MBA course, this is the right time. Take a step forward to walk a long way on the path of success!