Highest Paying MBA Specialisation in Abroad 2024

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

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.  

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.

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

• University of Alberta

• Massachusetts Institute of Technology

• Alliance Manchester Business School

• University of Melbourne

Highest Paying Jobs After MBA in Business Analytics:

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:

• Massachusetts Institute of Technology

• University of Toronto

• Carnegie Mellon University

• University of Glasgow

• University of New South Wales (UNSW), Sydney

Highest Paying Jobs After MBA in Information Technology:

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:

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:

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 Cambridge

• University of Munich

• University of Oxford

• Stanford University

• University of Bonn

Highest Paying Jobs After MBA in Economics

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.

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.

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)