An MBA remains one of the most sought-after courses that career enthusiasts pursue for higher education. As we head towards a more digital future, the benefit of online learning spans across domains, enabling learners to pursue higher education programs, such as an MBA, online as well.
Online degree programs like online MBA today offer one of the most promising benefits that undergraduate and working professionals could use—the convenience of self-paced learning. Online MBA lets learners upskill, develop business acumen, leadership, and analytical skills, while managing other responsibilities simultaneously.
However, one question still plagues interested candidates: What is the salary outcome after an online MBA?
This article throws light on the salary landscape for online MBA graduates in India. Read on to find out.
Industry-Wise Career Opportunities for Online MBA Graduates with Salary Expectations
Professionals, after completing an online MBA program, become eligible for role transitions and career advancement with better-paying opportunities across different sectors. However, it is important to note that the salary outcomes vary based on factors like former work experience, specialization, and the demand for the skill in the market.
Let us explore some career opportunities along with the salaries to truly understand the value of an online MBA:
Manufacturing and Operations
The manufacturing and operations industry is an important contributor to global economics. Online MBA graduates can hunt for some high-paying and popular roles with this specialization:
- Supply Chain Manager: They develop strategies and implement them to optimize the supply chain. Their tasks include demand forecasting, inventory management, and planning production. This is a suitable job role for candidates who hold an MBA with a specialization in operations, logistics, and supply chain.
Salary: INR 10,60,960 per annum - Operations Manager: An operations manager performs several tasks, like planning, organizing, coordinating, and improving business practices. They oversee and coordinate all the departments in an attempt to optimize the processes and maximize efficiency.
Salary: INR 9,09,498 per annum
Advertising and Sales
In this fast-paced, competitive business world, advertising is no longer about attracting audiences with creative ideas and closing deals quickly. Businesses now demand strategic vision, for which they require professionals who have a deep understanding of markets, data, and long-term growth.
Online MBA graduates are equipped with these skills, which make them eligible for top-tier online MBA jobs that offer lucrative compensation. Listed below are some roles in the advertising and sales domain:
- Digital Marketing Manager: This is a mid-to-senior level post for MBA graduates who have specialized in digital marketing. A digital marketing manager decides ways in which a brand's presence across different digital platforms can be widened to boost awareness and generate traffic.
Salary: INR 6,88,123 per annum - Market Research Analyst: A market research analyst plays an important role in identifying the latest market trends, conducting accurate audience segmentation, and determining the most accurate strategy for each target group. An MBA graduate who possesses a keen interest in market dynamics and consumer behavior may opt for this role.
Salary: INR 4,42,549 per annum
Information Technology
As businesses are growing, they are embracing digital modes for executing different tasks. This has led to an increase in demand for professionals who possess technical expertise.
An online MBA program in IT enriches candidates with technical and practical management skills that can increase their earning potential significantly. MBA graduates can secure the following roles in the field of information technology after completing their course:
- Business Intelligence Analyst: This role is ideal for MBA graduates who have a hunch for analytics or information systems. A business intelligence analyst gathers huge datasets like market trends, sales figures, customer feedback, etc. The data is then used to identify the market patterns and derive insights that can help frame the business strategies accordingly.
Salary: INR 6,37,416 per annum - Quality Assurance Analyst: Quality assurance analysts implement testing plans and perform tests in order to identify any defects in products or software. MBA graduates, with an interest in operations, IT systems, or product development, can opt for this role.
Salary: INR 4,94,012 per annum
Finance and Consulting
With an online MBA program in finance specialization, candidates develop strategic decision-making abilities and analytical skills. This makes them eligible for lucrative career opportunities in the finance and consulting fields.
Listed below are some job roles with competitive salaries that candidates can assume after completing an online MBA:
- Investment Banker: This is a high-stakes role for an MBA graduate who has specialized in finance and capital markets. An investment banker is a professional who advises organizations on how to raise capital for their clients by issuing bonds and stocks.
Salary: INR 9,10,173 per annum - Financial Analyst: A financial analyst is entrusted with the task of guiding organizations on how to make accurate investment decisions. They make decisions based on the company's business strategy and by assessing the current market and economic trends.
Salary: INR 5,38,170 per annum
Maximize Your Earnings with an Online MBA
One of the key reasons why learners opt for an online MBA program is because of its potential to ensure increased earning power. Studies have shown that around 64% of candidates pursue an MBA to increase their income.
Thanks to the benefits of online learning, prestigious institutes such as Chandigarh University now offer online MBA programs with dual specialization.
This UGC-recognized online MBA program with placement opportunity has a world-class curriculum and specializations that align with the industry requirements. Under this, candidates learn to develop in-demand business skills and leadership abilities.
Not only this, but learners also get the chance to earn the prestigious Harvard Business Publishing Education Certification.
Claim your head start for a brighter, more lucrative future today with CU Online!
FAQs
1. Can I get a job after doing an online MBA?
Pursuing an online MBA from a credible, UGC-recognized university can definitely help you get a job after its completion. Some universities, such as CU online, also offer placement assistance.
2. What is the maximum salary after an MBA?
After the completion of an MBA program, compensation packages depend on several factors, like a candidate's prior knowledge, skills, expertise, efficiency, company policies, and many more.
3. Can I study an online MBA while I am working?
One of the primary benefits of online learning is that candidates can pursue an MBA course online while managing professional responsibilities simultaneously.
4. What online MBA specialization offers the highest salary?
Online MBA specializations such as finance, marketing, operations, international business, and information technology reap some of the highest salaries in the market for candidates.
