{"id":24139,"date":"2022-09-20T17:41:00","date_gmt":"2022-09-20T12:11:00","guid":{"rendered":"https:\/\/e-gmat.com\/blogs\/?p=24139"},"modified":"2022-10-17T18:03:35","modified_gmt":"2022-10-17T12:33:35","slug":"average-mba-salary-by-industry","status":"publish","type":"post","link":"https:\/\/e-gmat.com\/blogs\/average-mba-salary-by-industry\/","title":{"rendered":"Average MBA Salary in India, US, UK, Canada, and Other countries"},"content":{"rendered":"A <\/span> 7<\/span> min read <\/span><\/span>\n

The starting salary of an MBA graduate depends on various factors, one of which is the location. In today\u2019s job market, the average MBA salary of a graduate in India is INR 8,00,000<\/a> 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.<\/p>\n\n\n\n

Before moving forward, do read our article on factors affecting your MBA salary<\/a> 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.<\/p>\n\n\n\n

\"Average<\/figure>\n\n\n\n

What is the average MBA salary?<\/h2>\n\n\n\n

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<\/a> is INR 11,43,955. <\/p>\n\n\n\n

Here are some of the job opportunities and salaries after an MBA in India:<\/p>\n\n\n\n

Job profile<\/strong><\/td>Average MBA salary<\/strong><\/td><\/tr>
Human resource manager<\/td>INR 781,570<\/td><\/tr>
Operations Manager<\/td>INR 831,966<\/td><\/tr>
Marketing Manager<\/td>INR 903,670<\/td><\/tr>
Finance Manager<\/td>INR 1,015,150<\/td><\/tr>
Business Analyst<\/td>INR 687,938<\/td><\/tr>
Management Consultant<\/td>INR 1,484,534<\/td><\/tr><\/tbody><\/table>
Data from PayScale<\/a> <\/figcaption><\/figure>\n\n\n\n

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.<\/p>\n\n\n\n

Take a look at the average MBA salary in India for top business schools in 2021.<\/a><\/p><\/blockquote>\n\n\n\n

MBA salary in USA<\/h3>\n\n\n\n

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:<\/p>\n\n\n\n

Job profile<\/strong><\/td>Average MBA salary<\/strong><\/td><\/tr>
Human resource manager<\/td>$72,293<\/td><\/tr>
Operations Manager<\/td>$81,282<\/td><\/tr>
Marketing Manager<\/td>$79,335<\/td><\/tr>
Finance Manager<\/td>$102,293<\/td><\/tr>
Business Analyst<\/td>$75,093<\/td><\/tr>
Management Consultant<\/td>$113,638<\/td><\/tr><\/tbody><\/table>
Data from PayScale<\/a><\/figcaption><\/figure>\n\n\n\n

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.<\/p>\n\n\n\n

Take a look at the average MBA salary in the USA for top business schools in 2021.<\/a><\/p><\/blockquote>\n\n\n\n

MBA Salary in UK<\/h3>\n\n\n\n

The average MBA salary in the UK is \u00a354,000, with salaries ranging from \u00a317,000 to \u00a390,000. Here are some of the job opportunities and salaries after an MBA in UK:<\/p>\n\n\n\n

Job profile<\/strong><\/td>Average MBA salary<\/strong><\/td><\/tr>
Human resource manager<\/td>\u00a337,148<\/td><\/tr>
Operations Manager<\/td>\u00a344,923<\/td><\/tr>
Marketing Manager<\/td>\u00a340,501<\/td><\/tr>
Finance Manager<\/td>\u00a347,468<\/td><\/tr>
Business Analyst<\/td>\u00a341,703<\/td><\/tr>
Management Consultant<\/td>\u00a364,420<\/td><\/tr><\/tbody><\/table>
Data from PayScale<\/a><\/figcaption><\/figure>\n\n\n\n

Your average salary will also differ based on the job level. For instance, a human resource manager earns \u00a337,148, whereas, for a senior HR manager, it is \u00a363,360.<\/p>\n\n\n\n

Take a look at the average MBA salary in the <\/a>UK for the top 30 business schools in 2021.<\/a><\/p><\/blockquote>\n\n\n\n

MBA in Canada<\/h3>\n\n\n\n

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:<\/p>\n\n\n\n

Job profile<\/strong><\/td>Average MBA salary<\/strong><\/td><\/tr>
Human resource manager<\/td>CAD 76,977<\/td><\/tr>
Operations Manager<\/td>CAD 81,866<\/td><\/tr>
Marketing Manager<\/td>CAD 74,950<\/td><\/tr>
Finance Manager<\/td>CAD 84,928<\/td><\/tr>
Business Analyst<\/td>CAD 71,316<\/td><\/tr>
Management Consultant<\/td>CAD 85,230<\/td><\/tr><\/tbody><\/table>
Data from PayScale<\/figcaption><\/figure>\n\n\n\n

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.<\/p>\n\n\n\n

Take a look at the average MBA salary in Canada for top business schools in 2021.<\/a><\/p><\/blockquote>\n\n\n\n

MBA Salary in Australia<\/h3>\n\n\n\n

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:<\/p>\n\n\n\n

Job profile<\/strong><\/td>Average MBA salary<\/strong><\/td><\/tr>
Human resource manager<\/td>AU$91,753<\/td><\/tr>
Operations Manager<\/td>AU$104,540<\/td><\/tr>
Marketing Manager<\/td>AU$91,248<\/td><\/tr>
Finance Manager<\/td>AU$101,304<\/td><\/tr>
Business Analyst<\/td>AU$94,073<\/td><\/tr>
Management Consultant<\/td>AU$106,840<\/td><\/tr><\/tbody><\/table>
Data from PayScale<\/a><\/figcaption><\/figure>\n\n\n\n

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.<\/p>\n\n\n\n

Take a look at the average MBA salary in Australia for the top 30 business schools in 2021.<\/a><\/p><\/blockquote>\n\n\n\n

MBA in New Zealand<\/h3>\n\n\n\n

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:<\/p>\n\n\n\n

Job profile<\/strong><\/td>Average MBA salary<\/strong><\/td><\/tr>
Human resource manager<\/td>NZ$112,726<\/td><\/tr>
Operations Manager<\/td>NZ$ 86,090<\/td><\/tr>
Marketing Manager<\/td>NZ$96,723<\/td><\/tr>
Finance Manager<\/td>NZ$89,852<\/td><\/tr>
Business Analyst<\/td>NZ$75,894<\/td><\/tr>
Management Consultant<\/td>NZ$74,193<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

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.<\/p>\n\n\n\n

Take a look at the average MBA salary in New Zealand for top business schools in 2021.<\/a><\/p><\/blockquote>\n\n\n\n

MBA Salary in Germany<\/h3>\n\n\n\n

The average MBA salary in Germany is \u20ac63,000. Moreover, an MBA graduate from the top 10 business schools in Germany can earn on average \u20ac70,000. The company manager and Industrial engineer are two professions with the highest average earnings in Germany.<\/p>\n\n\n\n

Take a look at the average MBA salary in Germany for the top 30 business schools in 2021.<\/a><\/p><\/blockquote>\n\n\n\n

Now that you have an idea about the average MBA salary in different countries let look into the top business schools salary by Industry.<\/strong><\/p>\n\n\n\n

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Average MBA Salary at Top Business Schools by Industry<\/h2>\n\n\n\n

Based on your MBA specialization<\/a> 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.<\/p>\n\n\n\n

We have compiled the average salaries offered by the top 3 industries where MBA graduates of top business schools gets placed:<\/p>\n\n\n\n

Industry<\/strong><\/td>Average MBA Salary<\/strong><\/td><\/tr>
Finance<\/td>$144,052<\/td><\/tr>
Consulting<\/td>$138,992<\/td><\/tr>
Technology<\/td>$129,045<\/td><\/tr><\/tbody><\/table>
*Average based on top 10 business schools <\/figcaption><\/figure>\n\n\n\n
\"Finance<\/figure>\n\n\n\n

Finance<\/h3>\n\n\n\n

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:<\/p>\n\n\n\n