Highest Paying MBA Specialization: Which MBA Specialization is Best Paid? Image
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Highest Paying MBA Specialization: Which MBA Specialization is Best Paid?

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Yocket Editorial Team
15 mins read
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Today’s world of cut-throat competition requires advanced education to crack high-paying jobs, especially in the business industry. Choosing the best MBA specialization is one such factor that significantly affects your life and career in the long run. A specialization helps graduates learn specific skills related to their desired careers. If you're a business professional with an interest in increasing your earnings, opting for an MBA with the right specialization is a wise choice. 

In this blog, we have addressed the most commonly asked question amongst students: which MBA specialization is best paid or which MBA course has the highest salary? Here, we also give you an idea of career prospects and job growth in the major sectors of business and management. 

  Table of Contents

  1. Which MBA Specialization is Best Paid in Abroad?
  2. Top MBA Recruiters Abroad
  3. Frequently Asked Questions About Which MBA Specialization is Best Paid

Which MBA Specialization is Best Paid in Abroad?

There have been many speculations about which MBA has highest salary and future prospects. Along with your knowledge and skills, the specialization you choose has a lot to do in determining your worth in the job market. Listed below are the top 5 highest paying specializations of MBA: 

  • Business Analytics 
  • Information Technology
  • Finance
  • Marketing 
  • Economics 

Now that we know which MBA course has highest salary, let us dive deeper into each one of them one by one:

Business Analytics

Business Analytics is the top paying MBA specialization in the present time. An MBA in Business Analytics is all about systematic analysis of data to reach valid conclusions and decisions. The data here is generated through business operations or statistical sources to evaluate efficiency, cost, and results. Pursuing this specialization enhances your leadership, technical and analytics  

Scope: The Bureau of Labor Statistics (BLS) expects growth for business analytics skills to jump 10.9 percent, outpacing the national growth average of 5.2 percent for all jobs, from 2018 to 2028. 

Popular Jobs For MBA in Business Analytics Graduates

Job Title 

Average Salary Per Year 

Business Systems Analyst 

$60,000 - $70,000

Business Strategist Analyst 

$50,000 - $96,000

Business Application Analyst 

$70,000 - $100,000

Business & Data Analyst 

$40,000 - $90,000

Healthcare Business Analyst 

$80,000 - $100,000

Suggested: What is the cost of Studying MBA Abroad?

Information Technology

Information Technology is the second highest paid MBA specialization in the world. An IT specialization equips you with the skills necessary to manage IT systems and human resources. It combines the traditional business knowledge of an MBA with a prime focus on topics like information security, IT project management, telecommunications etc. An MBA in IT is a great choice to have an edge in today’s tech-savvy work environment. 

Scope: According to data by Bureau of Labor Statistics (BLS), jobs for MBA in Information Technology is expected to rise by 13 percent from 2020 to 2030, with an addition of more than 667,600 new jobs. 

Popular Jobs For MBA in Information Technology Graduates

Job Title 

Average Salary Per Year 

Information Technology Manager

$45,000 - £95,000

IT Services Manager

$50,000 - $90,000

Senior IT Business Analyst 

$30,000 - $70,000

Solutions Architect Senior Manager 

$80,000 - $95,000

IT Senior Associate 

$40,000 - $75,000

Finance

Another popular and most paid MBA specialization is Finance. A major in finance for MBA paves the ways for rewarding careers in some major sectors of the economy like insurance, taxation, international finance, wealth management, tax planning, etc. You may also serve as financial advisors and planners to renowned organizations. Finance indeed occupies an important place in all sectors of economics, business and management. 

Scope: The Bureau of Labor Statistics (BLS) expects jobs in the Finance sector to grow 18% by 2030, which is much faster than average. Over the decade, an approximate of 6,900 openings for financial examiners are projected each year. 

Popular Jobs For MBA in Finance Graduates

Job Title 

Average Salary Per Year 

Finance Analyst 

$35,000 - $65,000

Finance Consulting Manager 

$55,000 - $90,000

Leveraged Finance Associate

$50,000 - $80,000

Financial Management Associate 

$68,000 - $100,000

Manager- Finance Integration & Separation

$55,000 - $90,000

Suggested: Jobs and Salary after MBA Abroad 

Marketing

MBA in Marketing is designed to offer business knowledge by carefully grasping the marketing side of it. As marketing students, you will learn to examine consumer behaviour thoroughly and come up with products that people most likely want to purchase. This best paying MBA specialization offers expert knowledge on us how to create, communicate and deliver a certain value to fulfil the targeted market and earn profits. 

Scope: The Bureau of Labor Statistics (BLS) states that marketing managers earn an estimated annual salary of $145,00. The job outlook is expected to grow as high as 10% from 2020 to 2030 which is considerably faster than average. 

Popular Jobs For MBA in Marketing Graduates

Job Title 

Average Salary Per Year 

Equity Portfolio Specialist 

$50,000 - $75,000

Business Intelligence Manager

$60,000 - $75,000

Field Marketing Manager 

$50,000 - $80,000

Client Success Specialist

$50,000 - $80,000

P&L Controller 

$70,000 - $85,000

Suggested: Educational Loan for MBA Abroad 

Economics 

The last but not the least MBA specialization with highest paying salary is Economics. The role of economists is to collect and analyse data, research trends, and evaluate economic issues for resources, goods, and services. It offers you the eligibility to work as a specialist in areas like business intelligence, operations research information sciences, econometrics and so on.

Scope: About 1,600 openings for economists are projected each year, on average, over the decade according to data by the Bureau of Labor Statistics (BLS). It expects jobs in the Economics sector to grow by 13% from 2020 to 2030.

Popular Jobs For MBA in Economics Graduates

Job Title 

Average Salary Per Year 

Economic Development Analyst 

$45,000 - $70,000

Policy Analyst 

$65,000 - $105,000

Research Economist 

$75,000 - $100,000

Healthcare Economists & Trend Analyst 

$45,000 - $90,000

Economic Analyst 

$60.000 - $80,000

Suggested: Jobs and Salary After MBA in USA

Now that you know which MBA has highest salary, let’s have a look at the top recruiters of graduates from best MBA colleges abroad

Top MBA Recruiters Abroad

A discussion on which MBA specialization is best paid in abroad is incomplete without looking at the top recruiters. One of the vital factors that go into choosing the highest paid  MBA specialization in the world is the available career opportunities after completion of the course. There is a long list recruiters that MBA graduates can look forward to. The top ones include the following: 

  • Amazon
  • Google
  • Microsoft
  • Apple
  • Deloitte
  • Nike
  • McKinsey & Company
  • EY
  • Bank of America
  • PwC

Suggested: Is Work Experience Necessary to Pursue an MBA abroad?

So that was all about choosing the right MBA specialization, available career opportunities and top recruiters for the same. We hope this blog could serve its purpose of providing insights into which MBA specialization is best paid in abroad. For more guidance and assistance to ease your study abroad journey, our counselors at Yocket are always at your service. 

Frequently Asked Question About Which MBA Specialization is Best Paid

Ques. Which MBA field has highest salary?

Ans. As per data by PayScale, amongst the highest paying MBA specializations, Business Analytics ranks at the top of the list. The estimated salary of a business analyst is $126,000 per year, which increases in terms of experience and rank. 

Ques. What is the entry level salary for MBA graduates?

Ans. A fresh MBA graduate may expect a salary range from $30,000 to $50,000 per year. It varies across organizations, job profiles and specializations. 

Ques. How much does an MBA in Healthcare Management pay?

Ans. The average salary for graduates in Healthcare Management is $45,000 per year. With experience and learning, you may expect upto $150,000 on yearly basis. 

Ques. What are the different MBA specializations that offer the highest salaries?

Ans. Apart from the ones mentioned above, other top paying MBA specializations include:

  • Innovative Management 
  • Cybersecurity 
  • International Business
  • Real Estate

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