Which mba specialization has highest salary? Asking this question to a consultant, you will likely get an answer quickly and easily. But which specialization has highest salary for a consultant? It’s not as simple as that. Let’s try to find out.
It’s a tough question to answer.
There are many factors that can contribute to the salary of an MBA graduate, including their industry and the location of the job. For example, people who work in tech might get paid more than those who work in finance. And if you’re looking for a job in New York City or San Francisco, that could also affect your salary.
But even if we narrow it down to just MBAs, there are still a lot of factors that come into play. For one thing, the school you attend matters. Some business schools are more prestigious than others, which makes them more competitive and drives up tuition costs; but they also have higher alumni networks and better career placement services—so if you go to one of those schools and do well on your degree, your salary will probably be higher than if you’d gone somewhere less well-known.
If we look at averages across all schools with an MBA program (and don’t take into account individualized factors), we can see that salaries are typically highest in consulting or marketing/advertising/PR roles—these fields pay about $112,000 per year for new graduates with an MBA degree (and about $115k per
Which mba specialization has highest salary
Introduction
To gain admission to a top MBA program, you must have strong academic credentials, work experience and leadership potential. An MBA degree provides multiple benefits including the opportunity to build your network, obtain a well-paying job and to develop your leadership skills. Among the specialty areas offered in most MBA programs are accounting, finance, marketing, human resources and operations management. Learn about which of these specializations typically offer the highest salaries after graduation.
Top MBA specializations with the highest salary packages
The following are the top five MBA specializations with the highest salary packages:
- MBA in Finance
- MBA in Operations
- MBA in Marketing
- MBA in HR (Human Resources)
- MBA in International Business
1. MBA in Finance
- MBA in Finance
Finance is a popular choice among business school students, with most of them hoping to land a high-paying job at one of the many investment banks or private equity firms in New York City. Business schools offer specialized MBAs that are designed around preparing students for careers in finance, so it’s not surprising that their graduates are often well compensated. If you want to earn an MBA focused on finance and make your mark on Wall Street, here are some factors to consider:
- Salary range: $120K – $250K
- Job prospects: Very good! Investment banking jobs are hard to get but once you get them they pay very well. Private equity firms also pay very well (often $10 million per year). It’s not as easy to break into this sector though since you need experience working at another bank first (generally two years). You can also work in hedge funds–so if you’re interested please look into both options before deciding which one sounds best!
- Top programs include NYU Stern School Of Business (#1), Harvard University (#2), Columbia University (#3), Wharton School Of The University Of Pennsylvania (#4).
2. MBA in Operations
Operations management is a specialized field of study that focuses on the efficient and effective use of resources. An operations manager is responsible for ensuring that the company’s manufacturing and other processes run smoothly, as well as for the effective use of people. In order to achieve this goal, an operations manager must manage costs, plan ahead, make sure there are no bottlenecks in the production process, and much more.
The benefits of this specialization include greater job security due to increased demand for qualified candidates; higher salaries (on average); access to advanced degrees like an MBA/MOP or PhD; leadership opportunities within your company; more diverse job opportunities outside of your current organization; greater autonomy over projects; etc.
3. MBA in Marketing
Marketing is a broad field, covering everything from advertising campaigns to social media management. It’s also growing in demand, making it one of the most promising career options for entering the workforce after graduation. However, there are many different types of marketing—not just advertising and brand management but also strategic planning and customer relationship management (CRM). If you have experience with any of these areas or have an interest in learning about them, it may be worth researching which specialization best suits your skillset.
4. MBA in HR
What is HR?
Human resource management, also known as human resources (HR) management, refers to the activities that are concerned with all aspects of managing people in organizations. In simple terms, it’s about ensuring that your employees have a job worth doing and have the tools they need to do it well. It involves hiring and firing people, paying them fairly for their work, promoting them when deserved and developing their skills where necessary.
What is the salary of a HR professional?
According to Glassdoor data collected in 2017 (the most recent year for which we have data), median base pay across all industries was $60k/year—about $5k higher than average wages across all occupations; however this figure may be inflated by outliers such as finance professionals or executives who could be earning much more than average due to their high-level positions within their firms. When looking at specialized roles within HR such as recruitment managers or compensation analysts it’s clear there are some significant differences between industries: while compensation analysts tend not to make much more than average across all industries ($56k vs $50k), recruitment professionals on average earn nearly 2x more than those working elsewhere in human resources ($83k vs $42).
5. MBA in International Business
The MBA in International Business is a specialization that focuses on international commerce and helps students develop their professional skills in international business. The program is designed to help students understand the international business environment, develop their skills in cross-cultural communication, and study the challenges faced by multinational organizations.
The program provides an understanding of the economic, political and social issues facing businesses today. It also teaches students how to use technology to gain a competitive advantage over rivals within national borders as well as abroad. If you want to pursue your career in this field then this specialization is perfect for you as it will help you gain new knowledge about managing different cultures while dealing with people from different backgrounds and countries.
Learn about the top 5 MBA specializations with the highest salary packages.
Let’s first understand what MBA specializations are. An MBA can be specialised in various fields such as finance, marketing etc. Moreover, at every level of specialization there are different degrees of depth and breadth. For example if you’re interested in marketing then you can go for ‘Marketing Management’ or ‘Marketing Communication’.
The salary packages of an MBA graduate vary widely depending on their specialization and the company they work with. The average starting salary for a fresh graduate is anywhere between $60k-$80k per year but this may differ from country to country. In India, the total cost of an MBA education ranges between Rs 20 lakhs to Rs 30 lakhs including tuition fee, hostel charges and other miscellaneous expenses like books etc.
Conclusion
Now that you know which MBA specializations pay the most, it’s time to choose your dream career path. As an added bonus, we also have a handy infographic below that lists the top 10 MBA specializations with the highest salaries!
