Highest Paying MBA Specialisation in Abroad 2024

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Meridean Overseas
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.

 

Key Highlights of MBA Degree

Here are some key points to learn before pursuing an MBA degree. Check out the table below.

 

Highest Paying MBA Specialisation in Abroad 2024

Course Level

Postgraduate 

Duration

1-2 Years

Standard Entrance Examinations for MBA

GMAT, GRE, CAT, XAT, MAT, SNAP, CMAT, NMAT, IBSAT

Types of MBA Courses

  • Full-time MBA 

  • Part-time MBA 

  • Executive MBA 

  • Online MBA 

Annual Tuition Fee

  • INR 45-46 lakh in the USA

  • INR 35-36 lakh in the UK

  • INR 31 lakh in Canada

  • INR 32 lakh in Australia

  • INR 18 lakh in Germany

Minimum Eligibility

  • Bachelor’s Degree with 50% marks in business or a related field from a recognised university

  • Work experience of 3-5 years

Documents Required

Academic Transcripts, Cover letter, Resume, Reference Letter and Essays

Popular Destinations

USA, UK, Canada, Australia, and Germany

Factors to Consider While Choosing the MBA Specialisation

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.  

 

Top 10 Highest Paying MBA Specialisations

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.

MBA Course

Top Job Profiles

Business Analytics

  • Business and Data Analyst

  • Business Strategist Analyst

  • Business Application Analyst

  • Business Systems Analyst

  • Healthcare Business Analyst

Information Technology

  • Information Technology Manager

  • IT Senior Associate

  • IT Services Manager

  • Senior IT Business Analyst

  • Solutions Architect Senior Manager

Finance

  • Finance Analyst

  • Financial Management Associate

  • Finance Consulting Manager

  • Leveraged Finance Associate

  • Manager- Finance Integration & Separation

Marketing

  • Equity Portfolio Specialist

  • Field Marketing Manager

  • Client Success Specialist

  • P&L Controller

  • Business Intelligence Manager

Economics

  • Economic Development Analyst

  • Policy Analyst

  • Research Economist

  • Healthcare Economists and Trend Analysts

  • Economic Analyst

Entrepreneurship

  • Management Consultant

  • Senior Product Manager

  • Business Intelligence Manager

  • Client Success Specialist

Data Analytics

  • Data Analyst

  • Research Analyst

  • Operations Research Analyst

  • Business and Data Analyst

Innovation Management

  • Management Consultant

  • Business Intelligence Manager

  • Senior Business Consultant

  • Senior Product Manager

International Business

  • Research Analyst

  • Data Analyst

  • Risk Manager

  • Director of Global Business

  • Management Analyst

Investment Management

  • Senior Accountant

  • Investment Analyst

  • Financial Manager

  • Risk Manager

  • Portfolio Manager

5 Best Highest Paying MBA

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.

 

MBA in Business Analytics

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:

 

Highest Paying Jobs After MBA in Business Analytics:

Job Profile

Annual Salary

Business Systems Analyst

$60,000 – $65,000

Business Strategist Analyst

$50,000 – $96,000

Healthcare Business Analyst

$80,000 – $90,000

Business & Data Analyst

$80,000 – $90,000

Business Application Analyst

$70,000 – $80,000

MBA in Information Technology

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:

Job Profile

Annual Salary

Solutions Architect Senior Manager

$80,000 – $85,000

IT Senior Associate

$70,000 – $75,000

Information Technology Manager

$85,000 – $990,000

IT Services Manager

$70,000 – $75,000

Senior IT Business Analyst

$65,000 – $70,000

MBA in Finance

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:

 

Highest Paying Jobs After MBA in Finance:

Job Profile

Annual Salary

Financial Management Associate

$85,000 – $90,000

Manager- Finance Integration & Separation

$85,000 – $90,000

Finance Consulting Manager

$80,000 – $85,000

Leveraged Finance Associate

$75,000 – $80,000

Finance Analyst

$60,000 – $65,000

MBA in Marketing

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

  • University of Melbourne

 

Highest Paying Jobs After MBA in Marketing:

Job Profile

Annual Salary

P&L Controller

$80,000 – $85,000

Client Success Specialist

$70,000 – $80,000

Business Intelligence Manager

$70,000 – $75,000

Field Marketing Manager

$60,000 – $70,000

Equity Portfolio Specialist

$50,000 – $60,000

MBA in Economics

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:

 

Highest Paying Jobs After MBA in Economics

Job Profile

Annual Salary

Healthcare Economists & Trend Analyst

$85,000 – $90,000

Research Economist

$75,000 – $90,000

Economic Analyst

$70,000 – $80,000

Policy Analyst

$65,000 – $75,000

Economic Development Analyst

$65,000 – $70,000 

Top Universities Offering MBA in the World

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.

University Name

Country

QS World Rankings 2024

Stanford Graduate School of Business

USA

1

Penn (Wharton)

USA

2

Harvard Business School 

USA

3

London Business School  

UK

4

HEC Paris  

France

5

MIT Sloan School of Management 

USA

6

Columbia Business School

USA

7

IE Business School  

Spain  

8

Cambridge(Judge)

UK

=9

IESE Business School

Spain

=9

Highest Paying Jobs After MBA- Top Recruiters

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.

Company Name

Job Profile

Average Annual Salary (INR)

Google

Senior Product Manager

INR 1.8 crore ($227,000)

Accenture

Senior Manager

INR 1.6 crore ($195,000)

IBM

Chief Technology Officer (CTO)

INR 1.4 crore ($170,000)

Big Three

Business Consultant

INR 1.3 crore ($165,000)

Apple

Business Development Manager

INR 1.3 crore ($160,000)

Conclusion

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.

 

FAQs

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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