What is the salary package for MBA freshers?

 What is the salary package for MBA freshers?

With a six-figure tag, going to business school is an investment, one that many MBA candidates hope will advance in their careers. Aside from developing new skills and forming a business network, having an MBA gives b-school grads a significant advantage in terms of salary.

The price of an MBA degree ranges anywhere from $60,000 to more than $200,000. Most grads see an increase in earning potential almost immediately. According to the Graduate. According to the Management Admission Council’s 2020 Corporate Recruiter Survey, MBA graduates will earn more than their colleagues without one. The survey also found that the median salary of MBA grads is 75% more than that of people with a bachelor’s degree alone. Moreover, MBAs in the consulting industry are twice that of bachelor’s degree holders.

Additionally, the compensation hike is more apparent for graduates going into consulting, finance, and technology. The median salary of MBAs in the consulting industry is twice that of bachelor’s degree holders, according to the survey.

But it is also true that pursuing an MBA doesn’t guarantee a higher starting salary, of course. Rather, online MBA students obtain critical workforce skills when they “wholeheartedly invest” in the program’s networking opportunities in addition to the coursework, according to Lorna Patches, executive director of the professional resource centre at the University of Kentucky’s Gatton College of Business and Economics.

You invest not only in tuition, but time, energy, and a commitment from your family for their support. Also, MBA salary depends upon their specialization. Generally, the highest MBA salaries are grabbed in MBA specializations like Finance, Marketing, General Management, Business Analytics, and Entrepreneurship. With industries changing rapidly, the scope for MBA professionals has undergone a radical shift. On average, the highest paying jobs after MBA in India offer a salary of Rs 4,00,000 to 32,00,000 per annum, depending on the domain and specialization chosen by the candidate.

Factors impacting MBA salary in India- It depends on the five major factors:

1.       MBA specialization opted by the candidate

2.       Experience of the candidate

3.       Industry

4.       Institute/ college from which a candidate has passed

5.       Designation

The types of jobs for which you will be eligible in the future will be determined by your specialization. Choosing the best MBA programme may enhance your resume, especially if you feel that your undergraduate degree alone is holding you back from making progress. Choosing the right specialization is mandatory as employers recruit employees based on their specialized skills.

The best MBA programmes

RICS SBE, Amity University offers some of the best MBA programmes in the nation. It is the first and only institution to offer dual accredited (RICS & PMI-GAC) degrees.

Specializations such as:

•                     MBA in Construction Project Management

•                     MBA in Real Estate & Urban Infrastructure

•                     MBA in Construction Economics & Quantity Surveying

These specialized programmes are focused on experience-based learning, RICS guidelines, world-class education standards, etc. The institution is one of the best post-graduate colleges in India that attracts over 100+ industry leaders to recruit its students. You can check out their courses on their website.