Salary after MBA Abroad

So, buckle up as we navigate an exciting journey to uncover the corridors of global business where ambitions turn true and financial horizons expand. Prepare to be enlightened, astonished, and perhaps inspired as we unravel the intricate topic of salary after an MBA abroad. 

What is the average salary for an MBA Abroad?

It's important to keep in mind that these figures are estimates and could differ significantly depending on a variety of elements like the market, geography, sector, and job description. 

Top Paying Industries for MBA Abroad

When pursuing an MBA abroad, a few industries are in high demand globally that tend to offer higher salaries and lucrative opportunities.

The following are some of the best-paying fields for MBA graduates globally:

1. Consulting: Management consulting firms are known to offer handsome packages to MBA graduates as these firms typically work with prestigious clients, including large corporations, government agencies, and non-profit organisations. Also, these firms value business knowledge, analytical skills, and strategic thinking abilities that MBA holders possess, making consulting an attractive field in terms of salary and growth.
2. Finance and Investment Banking: The financial sector is renowned for its lucrative and well-known positions in corporate finance, investment banking, private equity, and hedge funds. Secondly, the finance industry is known for its fast-paced nature. It offers competitive compensation packages to attract top talent for their specialised expertise.
3. Technology: With the continuous growth and innovation in the tech sector, there is always a shortage of tech-savvy leaders that can adapt to the latest developments. So, MBA graduates can find themselves in well-paid positions in big Multinationals specialising in software development, information technology services, or emerging tech startups.
4. Healthcare: With the increasing demand for healthcare services due to population growth, ageing demographics, and advancements in medical technology, there is also a growing need for healthcare administrators. MBA graduates in the healthcare sector work to effectively manage healthcare organisations, optimise operations, and ensure the delivery of high-quality care. The sector's complexity and constant innovation contribute to competitive salaries in this field.
5. Manufacturing and Operations: Industries such as manufacturing, supply chain management, and operations involve strong analytical skills, problem-solving abilities, and the ability to manage complex projects. The MBA graduates in these industries combine their technical expertise with business acumen to effectively manage manufacturing and operations processes, drive efficiency, and get high-paying salaries in return.

Top Universities Offering High Placement After MBA

MBA abroad is a dream, and there's a reason for that. Several prestigious universities are renowned for their excellent placement rates when obtaining an MBA overseas. These universities have established themselves as leaders in the field of education and have a proven track record of placing their graduates in prestigious organisations at lucrative positions.

Certainly! Here's a table featuring top universities abroad known for high placement rates after the MBA, along with their ranks according to the QS World University Global MBA Ranking 2023 and approximate tuition fees:

Top 6 MBA Jobs Abroad with Salary

If you want to enter the thrilling world of global business and embark on an exciting international career, an MBA degree is for you!

From a strategic consultant, shaping the future of multinational corporations to an investment banker in a bustling financial hub or brand manager, producing groundbreaking campaigns, the job opportunities after endless.

Here is a table with six well-known MBA job profiles from abroad together with their typical annual wages in Indian Rupees (INR) as a sneak peek:

Best Specialisations for MBA Abroad

No doubt about this - an MBA abroad opens up a world of exciting opportunities, but choosing the right specialisation can change the direction of your career.

Which specialisations are, therefore, the best? This question has no right or incorrect answer because your knowledge, skills, and interests will determine exactly what you should say.

However, there are a few specialisations that are in high demand when it comes to pursuing an MBA abroad. Here are some of these sought-after specialisations:

1. Finance: Finance is the most crucial aspect of any business, and specialising in this field not only equips you with financial knowledge but also offers critical skills such as problem-solving and decision-making, which are highly valued in various industries, giving MBA finance graduates a competitive edge in the job market.
2. Marketing: It is easy to understand why there is such a high demand for MBAs with a marketing concentration in today's environment of fierce competition. An MBA in marketing equips you with the skills required in the ever-changing digital world to attract the target audience. From brand management to market research, digital marketing to social media strategy, MBA marketing offers endless opportunities for creative minds to shine.
3. Consulting: In the complex business environment, organisations are constantly hunting for knowledgeable professionals who can provide valuable insights and strategic guidance to tackle different challenges and help grow the business. An MBA consulting equips you with a versatile skill set that makes you a highly demanding professional.
4. Entrepreneurship: With the shift in the business landscape as entrepreneurial opportunities are booming, the demand for individuals with these skills is also rising. An MBA in Entrepreneurship nurtures an entrepreneurial mindset and equips you with skills in identifying opportunities, developing business plans, and managing startups.
5. Operations Management: Operations Management: Specialising in operations management focuses on optimising processes, supply chain management, and cost reduction. All these skills are in high demand. So graduates with expertise in operations management are well-positioned to take on high-paying roles in operations management, logistics, and supply chain consulting.

Other popular specialisations include Human Resource Management, Information Technology Management, Sustainability, Healthcare Management, and Strategic Management. 

Salary levels of MBA graduates Abroad

Depending on a variety of factors, such as the place of employment, the industry, the job function, the number of years of experience, and more, the pay for MBA graduates working abroad may vary significantly.

However, earning a handsome salary is one of the big motivators for pursuing an MBA degree from abroad.

Here are the broad salary ranges for MBA graduates in popular countries:

• United States: $100,000 to $200,000/year
• United Kingdom: £50,000 to £100,000/year
• Canada: CAD 80,000 to CAD 120,000/year.
• Australia: AUD 80,000 to AUD 150,000/year
• Germany: €70,000 to €120,000/year

Career options after MBA Abroad

After completing an MBA abroad, the world becomes your oyster, opening doors to numerous career options. Whether you aspire to be a high-flying management consultant, a financial wizard, or a brand manager for a multinational corporation, the possibilities are endless.

Here are a handful of the most difficult career opportunities following an MBA abroad to give you a quick idea:

1. Consulting: Consulting is one of the most high-paying careers after an MBA. As a consultant, you can work in management consulting firms or as an independent consultant to help clients solve complex business challenges, provide strategic advice, and help drive organisational change.
2. Finance and Investment Banking: Finance and Investment Banking are popular career options for MBA graduates. There are several roles within this field, including corporate finance, investment management, private equity, and venture capital. All of these positions entail working in high-stress, quick-paced workplaces that call for strong analytical abilities, a working understanding of finance, and the capacity to handle large amounts of complex data.
3. Marketing and Brand Management: Marketing and Brand Management are dynamic fields that have recently gained massive attention among the youth. MBA graduates specialising in this area are well-equipped to take on challenging roles that involve shaping brand identities and developing strategies to enhance brand visibility, reach new audiences, and create beneficial opportunities for the business.
4. Entrepreneurship and Startups: Entrepreneurship and startups are exciting and challenging areas that MBA graduates often explore. Entrepreneurship and startups offer the opportunity to pursue your passion, either by starting your businesses or joining an early-stage startup. It requires a combination of business acumen, which is highly demanding but also incredibly rewarding.
5. For any organisation to achieve operational excellence, improve customer happiness, and create a competitive advantage, operations and supply chain management are essential. MBA graduates specialising in this field do process optimisation, data analysis, project management, and strategic thinking. They work closely with finance, marketing, and IT teams to align operational strategies with broader business objectives.

In the ever-evolving global arena, an MBA can be your passport to new horizons, exciting opportunities, and the potential for a rewarding and prosperous international career. So, dare to dream big, expand your horizons, and let your MBA take you to new heights.

Still unclear about anything? Well, not to worry. Contact AECC and get your queries answered today! AECC is one of the world's leading educational consultancies, with versatile expert professionals ready to help you with any queries you may have. Contact us so we can be of assistance to you in your journey to achieving your dream.

FAQs