Average Salary in India: INR 12-30 lakhs per year | Average Salary in USA: INR 70 lakhs - 1.2 crore per year ($85,000 - $150,000)​
The next MBA specialization with the highest salary is Economics. The role of economists is to collect and analyze data, research trends, and evaluate economic issues for resources, goods, and services. It offers you the eligibility to work as a specialist in areas like business intelligence, operations research, information sciences, econometrics, and so on.
Scope of MBA in Economics: About 1,600 openings for economists are projected each year, on average, over the decade, according to data by the Bureau of Labour Statistics (BLS). It expects jobs in the economics sector to grow by 13% from 2020 to 2030.
Core Subjects
- Microeconomics and Macroeconomics​
- Econometric Analysis​
- International Economics​
- Financial Economics​
- Public Policy​
Average Salary by Work Experience
- Entry-Level (0-3 years): INR 8-15 lakhs per year​
- Mid-Level (3-7 years): INR 18-25 lakhs per year​
- Senior-Level (7+ years): INR 28-40 lakhs per year​
Average Salary by Job Role
Job Role
|
Description
|
Average Salary in India (INR)
|
Average Salary in USA
|
Economic Consultant
|
Provides expert analysis of economic trends and policies.
|
20-40 lakhs
|
70 lakhs-1.2 crores (USD 85,000-150,000)
|
Policy Analyst
|
Evaluates and develops policies to address economic issues.
|
18-35 lakhs
|
65 lakhs-1 crore (USD 80,000-125,000)
|
Financial Analyst
|
Assesses financial data to guide investment decisions.
|
22-38 lakhs
|
75 lakhs-1.1 crores (USD 90,000-135,000)
|
Market Research Analyst
|
Studies market conditions to forecast business trends.
|
15-30 lakhs
|
60 lakhs-95 lakhs (USD 75,000-115,000)
|
Actuary
|
Analyzes financial risks using mathematics and statistics.
|
25-45 lakhs
|
80 lakhs-1.3 crores (USD 100,000-160,000)
|
Top B-Schools Offering High Paying Jobs in Economics
University
|
Average MBA Salary (INR per year)
|
Harvard Business School
|
INR 1.5 crore
|
University of Chicago (Booth)
|
INR 1.4 crore
|
London School of Economics (LSE)
|
INR 1.3 crore
|
Indian Institute of Management, Ahmedabad
|
INR 30-35 lakhs
|
University of Cambridge (Judge)
|
INR 1.2 crore
|