Which is the Highest Paying Job after MBA for 2024?

04-Dec-2023

Amidst layoffs and stiff competition in the job market, an MBA degree continues to remain relevant and valued across industries. However, it's time that professionals develop more agile and future-proof skills. Business and management professionals are required to work harder and focus on developing more marketable skills and expanding their network. An MBA Degree Program online today integrates advanced topics, real-world business complex studies, and diverse specialization areas on which candidates can build their expertise. Pursuing an MBA today will entitle you to a more lucrative job position. That said, let us dig up the highest-paying job after an MBA from amongst the diverse specializations and learn about the prospects of the highest-paying careers after MBA.

Why pursue an MBA Degree Program Online in 2024?

An MBA degree program online serves an excellent career trajectory for professionals seeking advanced skills in today's market that is at a cutthroat. MBA programs today extend beyond the natural career progression and equip professionals with universally valuable qualifications. From gaining access to better job opportunities to exploring new industries, pursuing an MBA degree program online strengthens your career. 

With an extensive focus on business and management, an MBA is a postgraduate degree that deep dives into business and management studies with diverse areas of specialization including finance, operations management, human resources, sales, marketing, and more. It's natural for any candidate considering an MBA degree to research on what are the 

highest paying careers after an MBA. 

The decision to pursue an MBA Degree Program Online in 2024 may be driven by the following few goals:

• To gain a broader understanding of the global market

• To bolster interpersonal as well as fundamental skills and give it a competitive edge

• To diversify your career and professional network

• To avail better and more lucrative job opportunities

• To build better time management  skills

• To develop agile skills and secure a future-proof career

• To traverse different and new industries

• To accelerate career growth and success

Highest Paying Careers After MBA

While every job position has its own perks and advantages, there are certain jobs and industries that are known for being the highest-paying careers after MBA. Let us explore the top-paying careers with an MBA. 

• Financial manager

• Manager Information technology

• Management consultant

• Medical and health services manager

• Operations research analyst

• Personal financial advisor

Financial Manager

As per the US Bureau of Labor Statistics, Financial Managers are recorded to earn attractive annual salaries amounting to $131,710. Jobs in this profession are expected to see a surge of 17% by 2031 in the US. According to PayScale, a financial manager in India earns an average of   ₹1087078 annually. 

Financial Managers are those skilled in solving cash flow problems and often work in financial institutions. They monitor the organization's budget and make decisions on which areas or where the company makes financial investments. 

Manager Information Technology 

A Manager in IT or Information technology earns an annual salary of ₹1549787 in India. In the US, these professionals make an annual income of $109707 according to ZipRecruiter. 

The software and technology sector is a rapidly evolving field with numerous industries heavily reliant on this field for automation. IT Managers are responsible for securing and ensuring the proper functioning of the technical tools and infrastructures of the organization. The US Bureau of Labor Statistics predicts a hike of 16% in job generation in this field by 2031.

Management Consultant

A Management Consultant in India earns an average annual salary of  ₹24,90921 and in the US the salary is about  $1,48,394 according to Glassdoor. The BLS predicts an 11 percent increase in job generation in 2031 in comparison to a decade before. Management Consultants help companies in their times of project development or tackling any complexities in the organization. 

Medical and health services manager

Another one of the highest-paying careers after an MBA is a Manager in Medical and Health Services. A Manager in this field earns an annual salary of $132,906 in the United States (US.News Money). These professionals also make a lucrative income in India with an annual salary of  ₹8,70328 according to Glassdoor. These professionals are responsible for running various types of healthcare facilities. They are responsible for minimizing cost while optimizing quality simultaneously. They are required to maintain meticulous recourse and ensure that the organization is in compliance with various regulations. 

Operation Research Analyst

A beginner in the post of Operation Research Analyst in the United States earns about $102,462 a year (salary.com). In India, an Operations Research Analyst makes earns an annual salary of ₹6,84530. The number of jobs in this area is projected to grow 23% higher by 2031. Operations research analysts are responsible for identifying and solving problems in the organization. Their duty typically involves data collection and interviewing employees and clients.

Personal Financial Advisors

The average Personal Financial Advisor salary in the United States is $73,416 and in India, they earn about an annual average salary of ₹ 4.6 Lakhs. These professionals tender advice on key financial matters such as investments, insurance, taxes, estate planning, etc. They assist clients in determining their long-term and short-term financial goals. By 2031, the number of jobs in this area will grow 15% higher than it was in previous years. 

Highest paying job after MBA across different Specializations

Aside from the discussed highest paying careers after the MBA, candidates may also consider finding employment in the highest paying job after from among the following:

Highest paying job after MBA in IT

• Project Manager

• Business Development Executive/ Manager

• Product Manager

• Marketing Manager

• Analytics Manager

• System Manager

• Data Processing Manager

• Business Analyst

• IT Manager/Consultant

• Information Systems Managers

• Systems Analysts

Highest paying job after MBA in Operations

• Supply Chain Manager

• Logistics Manager

• Inventory Control Manager

• Project Managers

• Operations Manager

Other High-Paying MBA Jobs 

• Project Manager

• Business Analyst 

• Digital Marketing Manager

• Business Operations Manager

• Business Intelligence Analyst

• Product Manager

• HR Manager 

• Private Equity Associate

• Sales Manager

The MBA Degree Program Online offers excellent career scope with competitive returns on the investment you make. With an MBA degree, you are equipped with solid skill sets, high qualifications, and a strong professional network, and you have an advantageous edge over others in the job market. Regardless of your objective of whether you want to explore a new industry and build a new career or want to progress further into your profession, an MBA degree program online will help you reach your desired goal. From fetching one of the highest-paying careers after an MBA to honing valuable skill sets, an MBA degree is a good career choice for 2024.   

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