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Meridean Overseas
Updated On 29 February 2024 & Read Time 10 minutes
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Are you also planning to pursue an MBA abroad and wondering which specialisations are there and which one to choose? Then, you have come to the right place, as this blog covers this topic in detail.
MBA is a popular program among students across the globe because it opens doors to the business world and new possibilities. Choosing the right MBA specialisation is one of the factors that will have a long-term impact on your life and career. A specialisation teaches graduates specialised skills relevant to their desired vocations. Choosing the highest paying MBA specialisation is a good decision if you are a business professional looking to increase your earnings.
This blog will discuss the highest paying MBA specialisations, jobs, top recruiters, and all other required information. So, let us begin the blog without further ado.
Table of Contents
Here are some key points to learn before pursuing an MBA degree. Check out the table below.
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Course Level |
Postgraduate |
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Duration |
1-2 Years |
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Standard Entrance Examinations for MBA |
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Types of MBA Courses |
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Annual Tuition Fee |
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Minimum Eligibility |
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Documents Required |
Academic Transcripts, Cover letter, Resume, Reference Letter and Essays |
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Popular Destinations |
MBA programs offer a wide range of specialisations. There are various aspects to consider before selecting an MBA course. Here are some factors to consider while pursuing a highest paying MBA specialisation.
Factors to consider while pursuing the specialisation are:
Salary structure
Scope and demand
Job growth
Benefits include social prestige and access to exceptional faculty
Internship and placement
Research facilities and infrastructure
Tuition fees and program ROI
Note- All the factors vary from country to country.
Embark and excel in your study abroad journey with our expert team!
Choosing the right MBA course to study abroad is challenging, but it is essential to make a well-informed decision. It ensures you opt for the right course for better career opportunities.
We have prepared a list of the top 10 highest paying MBA specialisations worldwide.
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MBA Course |
Top Job Profiles |
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Business Analytics |
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Information Technology |
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Finance |
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Marketing |
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Economics |
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Entrepreneurship |
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Data Analytics |
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Innovation Management |
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International Business |
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Investment Management |
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The world's 5 highest paying MBA specialisations are business analytics, information technology, finance, marketing, and economics. Some popular study-abroad destinations are the USA, UK, Canada, Australia, etc. These countries have the top universities globally, providing quality education and multicultural experiences to students.
Let us now look at the world’s 5 best highest paying MBA.
The MBA in Business analytics is one of the highest paying MBA specialisations in the world. Business analytics (BA) is a technique for solving business problems through data analysis, statistical models, and other quantitative metrics. Most businesses see their data as an asset and seek ways to leverage it for competitive advantage. An MBA in Business Analytics prepares you to excel at this subject, allowing firms to acquire insights into data and make informed business decisions.
Subjects:
Data Analytics
Quantitative Methods
Managerial Economics
Business Intelligence
Computer Programming
Financial Management
Operations Management
Top Universities for MBA in Business Analytics:
Imperial College London
Alliance Manchester Business School
Highest Paying Jobs After MBA in Business Analytics:
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Job Profile |
Annual Salary |
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Business Systems Analyst |
$60,000 – $65,000 |
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Business Strategist Analyst |
$50,000 – $96,000 |
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Healthcare Business Analyst |
$80,000 – $90,000 |
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Business & Data Analyst |
$80,000 – $90,000 |
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Business Application Analyst |
$70,000 – $80,000 |
MBA in Information Technology, also known as MBA, specialised in IT. It is one of the growing fields of study due to digitalisation and globalisation. An MBA in IT is a combination of a variety of sectors, such as information security, telecommunications, and project management. It covers the fundamentals of how IT is used in business.
Subjects:
IT Project and Operations Management
Operation Management
Data Visualization and Modeling
Financial Accounting
Business Intelligence and Analytics
Top Universities for MBA in Information Technology:
Highest Paying Jobs After MBA in Information Technology:
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Job Profile |
Annual Salary |
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Solutions Architect Senior Manager |
$80,000 – $85,000 |
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IT Senior Associate |
$70,000 – $75,000 |
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Information Technology Manager |
$85,000 – $990,000 |
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IT Services Manager |
$70,000 – $75,000 |
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Senior IT Business Analyst |
$65,000 – $70,000 |
Finance has a significant role to play in business, and it is known to be one of the highest paying MBA specialisations. An MBA in finance helps develop the analytical and statistical skills necessary to understand and organise the business's financial needs. Further, it covers vital topics related to finance administered in business.
Subjects:
Business Analysis and Valuation
Risk management
Financial Accounting
Corporate investment management
Corporate finance
Top Universities for MBA in Finance:
University of Chicago (Booth)
Imperial College London
University of Pennsylvania (Wharton)
London Business School
Frankfurt School of Finance & Management
Highest Paying Jobs After MBA in Finance:
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Job Profile |
Annual Salary |
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Financial Management Associate |
$85,000 – $90,000 |
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Manager- Finance Integration & Separation |
$85,000 – $90,000 |
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Finance Consulting Manager |
$80,000 – $85,000 |
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Leveraged Finance Associate |
$75,000 – $80,000 |
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Finance Analyst |
$60,000 – $65,000 |
MBA in marketing is one of the most popular and highest paying MBA courses. It imparts real-time knowledge concerning sales, consumer trends, marketing strategies and research. The program teaches students about marketing, such as social media marketing and strategies for helping a business to grow.
Subjects:
Consumer Behaviour
Retail Marketing
Advertising Management and Sales Promotion
Marketing Research
E-Marketing
Services Marketing and Customer Relationship Management
Top Universities for MBA in Marketing:
University of Pennsylvania (Wharton)
EU Business School
Northwestern University (Kellogg)
Oxford Business School
Highest Paying Jobs After MBA in Marketing:
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Job Profile |
Annual Salary |
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P&L Controller |
$80,000 – $85,000 |
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Client Success Specialist |
$70,000 – $80,000 |
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Business Intelligence Manager |
$70,000 – $75,000 |
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Field Marketing Manager |
$60,000 – $70,000 |
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Equity Portfolio Specialist |
$50,000 – $60,000 |
MBA in Economics is a newer and increasingly popular field. It's also one of the most expensive courses in the world. An MBA in Economics combines the study of economics with business. It analyses, evaluates, and manages the economic elements of business. The main subjects under an MBA in Economics are as follows:
Subjects:
Statistical Methods
Public Finance and Taxation
Computer Application
Micro Economics Analysis
Principles of Management
Business Accounting
Macro-Economic Analysis
Top Universities for MBA in Economics:
University of Bonn
Highest Paying Jobs After MBA in Economics
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Job Profile |
Annual Salary |
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Healthcare Economists & Trend Analyst |
$85,000 – $90,000 |
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Research Economist |
$75,000 – $90,000 |
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Economic Analyst |
$70,000 – $80,000 |
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Policy Analyst |
$65,000 – $75,000 |
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Economic Development Analyst |
$65,000 – $70,000 |
Here is a list of top universities offering MBA worldwide with a wide range of courses. The universities are ranked globally, and their QS world rankings are also mentioned.
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University Name |
Country |
QS World Rankings 2024 |
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Stanford Graduate School of Business |
USA |
1 |
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USA |
2 |
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USA |
3 |
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UK |
4 |
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HEC Paris |
France |
5 |
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MIT Sloan School of Management |
USA |
6 |
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USA |
7 |
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IE Business School |
Spain |
8 |
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UK |
=9 |
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IESE Business School |
Spain |
=9 |
Once you finish your MBA, you can get a job in one of these top companies that offer the highest paying MBA jobs. It not only gives you a handsome package but opens the doors to new opportunities and experiences, along with boosting your profile.
Here is a list of some of the top recruiters in the world. Check it out below.
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Company Name |
Job Profile |
Average Annual Salary (INR) |
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Senior Product Manager |
INR 1.8 crore ($227,000) |
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Accenture |
Senior Manager |
INR 1.6 crore ($195,000) |
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IBM |
Chief Technology Officer (CTO) |
INR 1.4 crore ($170,000) |
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Big Three |
Business Consultant |
INR 1.3 crore ($165,000) |
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Apple |
Business Development Manager |
INR 1.3 crore ($160,000) |
To sum up, an MBA is a way to enter the business world. Many top universities in the world offer different courses. Some of the highest paying MBA specialisations include MBA in Finance, Marketing, International Business, etc. However, before choosing a specialisation, consider all the factors, including salary, career goals, opportunities, course duration, etc.
Above, we have covered almost every detail of the highest paying MBA specialisations. Still, if you have any queries, contact our expert counsellors at Meridean Overseas Education Consultants (MOEC). You can also take free online counselling through our website. We will provide the best guidance and support for the admission and visa process. For more information or any queries, contact application02@meridean.org or 1800-1230-00011.
1. Which MBA course pays the most?
The highest paying MBA specialisations include business analytics, information technology, finance, and marketing. The average income for a business analyst in the United States is INR 70 lakhs ($84,487), whereas the average salary in the United Kingdom is INR 44 lakhs (£44,668).
2. Which MBA speciality pays the most in the world?
The highest-paying MBA specialisations worldwide include business analytics, information technology, finance, marketing, and economics.
3. Which MBA speciality should I choose?
You can choose an MBA course based on your aptitude and interests. Once you've identified your field, consider additional considerations like employability and future potential. Consider the following factors:
Salary
Scope and demand
Job growth
University ranking
Internship/placement opportunities
Research facilities
Tuition fees
Program ROI
4. How long does it take to complete an MBA?
An MBA degree typically lasts 1-2 years. However, this can differ depending on your country, university, and specialisation. An MBA degree in India takes an average of two years to complete. It remains the same in the United States. In the United Kingdom, the average duration is between 12 and 18 months.
5. What are the best jobs following an MBA?
Some of the top positions after completing an MBA course and their average annual incomes are:
Human Resource Manager: INR 60 lakh ($72,492) per year
Senior Consultant: INR 68 lakh ($81,659) per year
Marketing Consultants: INR 74 lakh ($88,899)
Investment Analysts: INR 62 lakh ($75,187)
IT security Specialists: INR 78 lakh ($93,695)
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