The starting salary of an MBA graduate depends on various factors, one of which is the location. In today’s job market, the average MBA salary of a graduate in India is INR 8,00,000 per annum. In contrast, for an MBA graduate in the United States, the starting salary is estimated at $90,000. Moreover, depending on the domain and specialization, your average salary will differ.
Before moving forward, do read our article on factors affecting your MBA salary in 2021. In this article, we look into the job opportunities and salaries after MBA and give you an idea about how much you can earn if you pursue your MBA from top business schools.
What is the average MBA salary?
The average salary of an MBA graduate in India is INR 8,00,000 per annum. However, depending on the job profile and the business school, your average MBA salary will differ. For instance, the average MBA salary from the top 100 MBA colleges in India is INR 11,43,955.
Here are some of the job opportunities and salaries after an MBA in India:
| Job profile | Average MBA salary |
| Human resource manager | INR 781,570 |
| Operations Manager | INR 831,966 |
| Marketing Manager | INR 903,670 |
| Finance Manager | INR 1,015,150 |
| Business Analyst | INR 687,938 |
| Management Consultant | INR 1,484,534 |
Your average salary will also differ based on the job level. For instance, a financial analyst earns INR 496,160, whereas, for a financial controller, it is INR 1,317,084. You can see a financial controller earns more than a financial analyst.
Take a look at the average MBA salary in India for top business schools in 2021.
MBA salary in USA
The average MBA salary in the USA is above $90,000. However, if you pursue your degree from the top 20 business schools in the USA your average will exceed $100,000. Here are some of the job opportunities and salaries after an MBA in USA:
| Job profile | Average MBA salary |
| Human resource manager | $72,293 |
| Operations Manager | $81,282 |
| Marketing Manager | $79,335 |
| Finance Manager | $102,293 |
| Business Analyst | $75,093 |
| Management Consultant | $113,638 |
Your average will also differ based on the job level. For instance, a marketing manager earns $79,335, whereas for a senior marketing manager, it is$113,915.
Take a look at the average MBA salary in the USA for top business schools in 2021.
MBA Salary in UK
The average MBA salary in the UK is £54,000, with salaries ranging from £17,000 to £90,000. Here are some of the job opportunities and salaries after an MBA in UK:
| Job profile | Average MBA salary |
| Human resource manager | £37,148 |
| Operations Manager | £44,923 |
| Marketing Manager | £40,501 |
| Finance Manager | £47,468 |
| Business Analyst | £41,703 |
| Management Consultant | £64,420 |
Your average salary will also differ based on the job level. For instance, a human resource manager earns £37,148, whereas, for a senior HR manager, it is £63,360.
Take a look at the average MBA salary in the UK for the top 30 business schools in 2021.
MBA in Canada
The average MBA salary in Canada is CAD 83,000. Moreover, an MBA graduate from the top 10 business schools in Canada can earn on an average CAD 97,200. Here are some of the job opportunities and salaries after an MBA in Canada:
| Job profile | Average MBA salary |
| Human resource manager | CAD 76,977 |
| Operations Manager | CAD 81,866 |
| Marketing Manager | CAD 74,950 |
| Finance Manager | CAD 84,928 |
| Business Analyst | CAD 71,316 |
| Management Consultant | CAD 85,230 |
Your average MBA salary will also differ based on the job level. For instance, an operations manager earns CAD 81,866, whereas, for a senior operation manager, it is CAD 111,182.
Take a look at the average MBA salary in Canada for top business schools in 2021.
MBA Salary in Australia
The average MBA salary in Australia is AU$103,000. Moreover, an MBA graduate from the top 30 business schools in Australia can earn on an average AU$111,400. Here are some of the job opportunities and salaries after an MBA in Canada:
| Job profile | Average MBA salary |
| Human resource manager | AU$91,753 |
| Operations Manager | AU$104,540 |
| Marketing Manager | AU$91,248 |
| Finance Manager | AU$101,304 |
| Business Analyst | AU$94,073 |
| Management Consultant | AU$106,840 |
Your salary will also differ based on the job level. For instance, a management consultant earns AU$106,840, whereas, for a senior management consultant, it is AU$114,705.
Take a look at the average MBA salary in Australia for the top 30 business schools in 2021.
MBA in New Zealand
The average MBA salary in New Zealand is NZ$86,000. Here are some of the job opportunities and salaries after an MBA in Canada:
| Job profile | Average MBA salary |
| Human resource manager | NZ$112,726 |
| Operations Manager | NZ$ 86,090 |
| Marketing Manager | NZ$96,723 |
| Finance Manager | NZ$89,852 |
| Business Analyst | NZ$75,894 |
| Management Consultant | NZ$74,193 |
Your salary will also differ based on the job level. For instance, a Finance analyst earns NZ$73,698, whereas, for a Finance manager, it is NZ$89,852.
Take a look at the average MBA salary in New Zealand for top business schools in 2021.
MBA Salary in Germany
The average MBA salary in Germany is €63,000. Moreover, an MBA graduate from the top 10 business schools in Germany can earn on average €70,000. The company manager and Industrial engineer are two professions with the highest average earnings in Germany.
Take a look at the average MBA salary in Germany for the top 30 business schools in 2021.
Now that you have an idea about the average MBA salary in different countries let look into the top business schools salary by Industry.
Let us help you conquer the first step of getting into top business schools i.e., taking the GMAT. Take a free GMAT mock to understand your baseline score and start your GMAT prep with our free trial. We are the most reviewed online GMAT Prep company with 2100+ reviews on GMATClub as of July 2021.
Average MBA Salary at Top Business Schools by Industry
Based on your MBA specialization and industry choice, your average MBA salary can differ. In general, a full-time two-year MBA program will let you choose specializations in your second year, post completing the core subjects in the first year.
We have compiled the average salaries offered by the top 3 industries where MBA graduates of top business schools gets placed:
| Industry | Average MBA Salary |
| Finance | $144,052 |
| Consulting | $138,992 |
| Technology | $129,045 |
Finance
A career in the finance industry presents a rewarding and dynamic career path that might be a springboard for many future opportunities. Here are sub-categorizes of careers in Finance:
- Private equity/Venture Capital
- Investment Banking
- Investment Management
- Diversified financial
Learn in detail about the careers in Finance.
| Top MBA programs in Finance 2021 | Median Salary (US $) | Finance Industry Hires (%) |
| Cornell Johnson | $131,693 | 37% |
| Wharton | $1,50,000 | 35.80% |
| Columbia | $1,39,642 | 34.30% |
| Stanford | $1,70,000 | 33% |
| Chicago Booth | $1,50,000 | 31.30% |
| NYU Stern | $1,50,000 | 29.40% |
| Harvard | $1,50,000 | 29% |
| Georgetown (McDonough) | $1,25,435 | 27.00% |
| Dartmouth Tuck | $1,45,000 | 24.00% |
| Yale SoM | $1,28,750 | 23.10% |
Learn more about the curriculum and what makes these business schools unique to pursue Finance specialization. Know about the average MBA salary in India post-MBA in Finance.
Consulting
Besides the prestige and high salaries that accompany a career in consulting, the following are a few other reasons why consulting is a popular post-MBA career:
- Learning
- Networking
- Subsequent Opportunities
Consulting is consistently outpacing Finance and other evergreen industries at Columbia, Chicago Booth, and MIT Sloan. Moreover, consulting firms continue to hire over 30% of MBA graduates consistently at several M7 and other top business schools.
| Business Schools | Outgoing Percentage | Median (in US $) |
| INSEAD | 52% | 1,13,400 |
| London Business School | 37% | 1,13,329 |
| Yale School of Management | 34.90% | 1,45,000 |
| Columbia | 33.60% | 1,47,000 |
| Duke Fuqua | 32% | 1,40,000 |
| Virginia Darden | 32% | 1,40,189 |
| MIT Sloan | 31.60% | 1,47,000 |
| Chicago Booth | 31% | 1,50,000 |
| Michigan Ross | 30.10% | 1,47,000 |
| Northwestern Kellogg | 30.10% | 1,47,000 |
Learn more about what makes these top business schools unique for consulting specialization. Know about the top 50 consulting firms that hire MBA graduates and consulting salaries in 2021.
Technology
The average salary for the best tech programs is $129,045. Some of the Top Tech companies that recruited MBA graduates in 2020 are Amazon, Google, Apple, Cisco, Samsung, Microsoft, Dell, IBM, etc.
| Business School | MBA graduates Placed in I.T. | Mean/Median Salary |
| University of Washington Foster School of Business (2018) | 60% | 1,19,308 |
| Stanford Graduate School of Business | 24% | 1,40,000 |
| Carnegie Mellon University’s: Tepper School of Business | 30.50% | 1,30,000 |
| UC Berkeley Haas School of Business | 32.90% | 1,38,500 |
| UT Austin: McCombs School of Business | 25.90% | 1,20,000 |
| UCLA Anderson (2018) | 29.50% | 1,23,000 |
| Northwestern’s Kellogg School of Management | 25.10% | 1,33,500 |
| Michigan Ross School of Business | 21.60% | 1,22,650 |
| MIT Sloan School of Management | 30.70% | 1,37,500 |
| Dartmouth Tuck School of Business | 19% | 1,26,000 |
Here are the Top 10 Best Business schools for Technology based on the latest employment reports.
Value of a Graduate Management Education
Personal and Professional Value of an MBA
According to GMAC’s survey of nearly 11,000 alumni, 4 out of 5 respondents value their graduate management educations as outstanding or excellent value.
94% and 89% of employed business school alumni consider their graduate management education as a personally and professionally rewarding experience. A whopping 9 out of 10 business school alumni would still pursue a graduate management education knowing what they know now.
Business school alumni of full-time MBA programs showed the greatest agreement about the outcome of their increased earning power due to their graduate management education.
Growth and Hiring Projections
In 2019, newly minted MBA hires commanded annual median starting salaries of US$ 115,000 the highest on record. This is considerably more than median salaries offered to experienced hires (US$ 75,000) and bachelor’s degree hires ($ 55,000).
In the US, 77% of employers plan to hire MBA talent in 2019. More than 8 out of 10 companies in the Asia Pacific plan to hire MBA talent, similarly 7 in 10 European companies plan to hire MBAs in 2019. The United Kingdom recently extended its post-study work Visa for students to 2 years. Read more about how this will benefit thousands of MBA aspirants
Let us help you conquer the first step of getting into top business schools i.e., taking the GMAT. Take a free GMAT mock to understand your baseline score and start your GMAT prep with our free trial. We are the most reviewed online GMAT Prep company with 2100+ reviews on GMATClub as of July 2021.
