In India, of the 2 lakh students who appear for a variety of entrance exams such as CAT, MAT, XAT every year, more than 1 lakh students pursue their MBA studies for a brighter future. The reason is purely because MBA graduates enjoy a generous pay package and also have a better career growth.

 The Masters in Business Administration also allows a quick climb up the bureaucratic ladder, when done right, and a heft package follows. Below is a list of the highest paying jobs for those MBA graduates who are able to impress their employers during their initial interview.

1. Human Resource Manager

Expected Salary: Rs. 2.2 lakhs – Rs. 12 Lakhs per annum

Human Resources are an important part of each and every company. Managing the human element in a company is very important. Therefore, any of you who aspire to become a Human Resource Manager must possess the necessary skills such as Human Resources, Performance Management, Training, Organizational Development, and Training Management and this will get you the big fat pay check. A Human Resources (HR) Manager earns an average salary of Rs.6 lakhs per year.

2. Business Analyst (IT)

Expected Salary: Rs. 2.5 lakhs – Rs. 10 Lakhs per annum

A Business Analyst is part of the business operation and works with Information Technology to improve the quality of the services being delivered, sometimes assisting in Integration and testing of new solutions. Business Analysts are also involved in the development of project plans and often require project management skills.

All prospective business analysts must keep in mind that by gaining more experience, the salary that they are offered will also increase. The average pay for a Business Analyst, IT is approximately Rs. 6 lakhs per year.

3. Marketing Manager

Expected Salary: Rs. 2.5 lakhs – Rs. 15 lakhs per annum

If you ask 10 people in Mumbai to stand in a rowand ask them what their profession is, you will realize that most of them belong to the marketing domain. With a huge increase in the establishment of businesses the field of marketing has also exploded. By possessing skills in Strategic Marketing, Product Marketing, and Business Analysis, marketing managers are able to enhance business opportunities and ensure that businesses are receiving profits. It is important that you gain experience by acquiring skills and knowledge of your market area. A Marketing Manager earns an average salary of Rs. 6 lakhs per year.

4. Business Development Manager

Expected Salary: Rs. 2.35 lakhs – Rs. 13 lakhs per annum

It is a given that all businesses must cater to their customers’ needs and always keep them happy. Along with this, what is also important is that businesses keep growing their customer base which will help increase its revenue. It is the role of the business development manager to ensure that the customer’s and his/ her employer’s needs are satisfied.

The highest paying skills associated with this job are Technical Sales, Account Management, and Business Strategy. On an average a Business Development Manager earns Rs 5 lakhs per annum.

5.Project Manager, Information Technology (IT)

Expected Salary: Rs. 5.5 lakhs – Rs. 17.5 lakhs per annum

Whenever companies in the IT domain decide to build a new product or service, they hire Project Managers. A Project Manager is majorly responsible of the planning, execution and closing of any project he/she is assigned to.

 Having a degree in computer science, information technology, management information systems or any relevant technology degree will boost your chances of getting this job.

A Project Manager in an IT company earns an average salary of Rs. 11 lakhs per annum.