Highest Paying MBA Specialisation: Know About the 10 Best Paying MBA Specialisations

Which MBA Specialisation is Best Paid in Abroad?

There have been many speculations about which MBA has the 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:

1. Business Analytics
2. Information Technology
3. Finance
4. Marketing
5. Economics
6. Entrepreneurship
7. Data Analytics
8. International Business
9. Investment Management
10. Innovation Management

Now that we know which MBA course has the highest salary, let us dive deeper into the top paying MBA specialization:

1.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 Labour 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 (in USD)
Business Systems Analyst	60,000 - 70,000 or 60,00,000 INR
Business Strategist Analyst	50,000 - 96,000 or 60,00,000 INR
Business Application Analyst	70,000 - 100,000 or 80,00,000 INR
Business & Data Analyst	40,000 - 90,000 or 80,00,000 INR
Healthcare Business Analyst	80,000 - 100,000 or 80,00,000 INR

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2.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 the Bureau of Labor Statistics (BLS), jobs for MBA in Information Technology are 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  (in USD)
Information Technology Manager	45,000 - 95,000 or 60,00,000 INR
IT Services Manager	50,000 - 90,000 or 60,00,000 INR
Senior IT Business Analyst	30,000 - 70,000 or 50,00,000 INR
Solutions Architect Senior Manager	80,000 - 95,000 or 75,00,000 INR
IT Senior Associate	40,000 - 75,000 or 60,00,000 INR

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3.Finance

Another popular and most paid MBA specialization is Finance. A major in finance for an 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 Labour 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 (in USD)
Finance Analyst	35,000 - 65,000 or 40,00,000 INR
Finance Consulting Manager	55,000 - 90,000 or 70,00,000 INR
Leveraged Finance Associate	50,000 - 80,000 or 60,00,000 INR
Financial Management Associate	68,000 - 100,000 or 80,00,000 INR
Manager- Finance Integration & Separation	55,000 - 90,000 or 70,00,000 INR

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4.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 (in USD)
Equity Portfolio Specialist	50,000 - 75,000 or 50,00,000 INR
Business Intelligence Manager	60,000 - 75,000 or 50,00,000 INR
Field Marketing Manager	50,000 - 80,000 or 60,00,000 INR
Client Success Specialist	50,000 - 80,000 or 60,00,000 INR
P&L Controller	70,000 - 85,000 or 60,00,000 INR

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5.Economics

The next MBA specialization with the 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 Labour 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 (in USD)
Economic Development Analyst	45,000 - 70,000 or 55,00,000 INR
Policy Analyst	65,000 - 105,000 or 80,00,000 INR
Research Economist	75,000 - 100,000 or 80,00,000 INR
Healthcare Economists & Trend Analyst	45,000 - 90,000 or 70,00,000 INR
Economic Analyst	60.000 - 80,000 or 60,00,000 INR

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6.Entrepreneurship

This particular MBA specialisation is one of the top paying MBA specialisation. The MBA Entrepreneurship focuses on developing competencies, and innovation for both large and small scale businesses. Students learn the fundamentals of business development, market analysis, innovation, corporate strategy, etc.

Scope: The Bureau of Labor Statistics (BLS) states that entrepreneurs earn an estimated annual salary of $145,00.

Popular jobs for MBA in Entrepreneurship Graduates

Job Title	Average Salary Per Year (in USD)
Management Consultant	55,000 - 70,000 or 55,00,000 INR
Senior Product Manager	85,000 - 105,000 or 80,00,000 INR
Business Intelligence Manager	60,000 - 75,000 or 50,00,000 INR
Client Success Specialist	50,000 - 80,000 or 60,00,000 INR

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7.Data Analytics

Standing tall in the list for the highest paying specialisation, data analytics involves processing data efficiently. Highly preferred by computer science engineering graduates, an MBA in Data Analytics rewards engineers with huge ROI, and industrial exposure. The role is similar to business analysis, with the main difference being how you use data.

Scope: The Bureau of Labor Statistics (BLS) states that data analysts earn an estimated annual salary of $82,360 per annum. And, the job outlook is estimated to be 25% within 2020-2030. 

Popular jobs for MBA in Data Analytics Graduates

Job Title	Average Salary Per Year (in USD)
Research Analyst	80,000 or 60,00,000 INR
Data Analyst	85,000 - 105,000 or 80,00,000 INR
Operations Research Analyst	85,000 - 105,000 or 80,00,000 INR
Business & Data Analyst	40,000 - 90,000 or 70,00,000 INR

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8.International Business

Another top paying MBA specialisation is International Business. This specialisation focuses on a global viewpoint of business, and teaches students to interact and network with professionals coming from culturally diverse regions. MBA in International Business is an outcome of the forever recurring globalisation in the world. 

Scope: The Bureau of Labor Statistics (BLS) states that the Director of Global Business earns an estimated annual salary of $100,360 per annum. And, the job outlook is estimated to be 14% within 2020-2030.

Popular jobs for MBA in International Business Graduates

Job Title	Average Salary Per Year (in USD)
Research Analyst	80,000 or 60,00,000 INR
Data Analyst	85,000 - 105,000 or 80,00,000 INR
Risk Manager	95,000 - 105,000 or 80,00,000 INR
Director of Global Business	100,000 or 80,00,000 INR
Management Analyst	80,000 - 90,000 or 60,00,000 INR

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9.Investment Management

An MBA in investment management is highly preferred across the globe because of its extremely valued degree, and a great ROI. Investment managers closely work with their clients to build their company’s portfolios, analysing market trends and investment policies.

Scope: The Bureau of Labor Statistics (BLS) states that Financial Managers earn an estimated annual salary of $131,360 per annum. And, the job outlook is estimated to be 17% within 2020-2030, which is much faster than average fields.

Popular jobs for MBA in Investment Management Graduates

Job Title	Average Salary Per Year (in USD)
Senior Accountant	80,000or 60,00,000 INR
Investment Analyst	80,000 or 60,00,000 INR
Risk Manager	95,000 - 105,000 or 80,00,000 INR
Portfolio Manager	85,000 or 60,00,000 INR
Financial Manager	100,000 or 80,00,000 INR

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10.Innovation Management

An MBA Innovation Management is a very diverse degree, wherein students learn to understand a business’ strengths and weaknesses, and tehrbey build innovative solutions for them. This particularly highest paying MBA specialisation requires students to work closely with multiple sections in the economy.

Scope: The Bureau of Labor Statistics (BLS) states that consultants earn an estimated annual salary of $145,00.

Popular jobs for MBA in Innovation Management Graduates

Job Title	Average Salary Per Year (in USD)
Management Consultant	55,000 - 70,000 or 50,00,000 INR
Senior Product Manager	85,000 - 105,000 or 70,00,000 INR
Senior Business Consultant	80,000 or 70,00,000 INR
Business Intelligence Manager	60,000 - 75,000 or 60,00,000 INR

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 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 of 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

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So that was all about choosing the right MBA specialisation, available career opportunities and top recruiters for the same. We hope this blog could serve its purpose of providing insights into which MBA specialisation 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 Best Paying MBA Specialization

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

Ques. Which MBA specialisation is best paid in India?

Ans. Some of the best paid MBA specialisations in India include:

• Business analytics
• Marketing
• Finance

Ques. How much does an MBA salary increase?

Ans. An MBA salary increases based on an individual’s performance, and the field he/she is working in. usually MBA graduates can expect an annual increment of 10-15%.

Ques. Which MBA has the highest salary?

Ans. The highest paying MBA specialisation is Business Analytics and Finance.