MBA In Information Technology: Careers, Market Trend, Growth, Salary & Top B-Schools
MBA Information Technology is one of the most popular MBA course choices across India. It is a 2-year post-graduate program in management. IT is the fastest-growing sector in the country and so the number of job opportunities for MBA IT candidates is ever increasing. MBA IT is offered by almost all major B Schools across India. The minimum criteria to be eligible to apply for MBA IT are graduation in any field from a recognized University/Institute with a minimum of 50% marks or equivalent CGPA. Work experience will be an added advantage. Candidates need to clear any one of the entrance exams such as CAT, XAT, MAT, CMAT, SNAP, GMAT, etc. to get admitted for an MBA in Information Technology in top Schools. Selected candidates then need to go through the rounds of Group Discussion and Personal Interview before their final selection. MBA in IT holds a lot of scopes and one can choose one among multiple job options to pursue his/her career.
Market Growth and Trends
- In the annual report 2020-2021 of NITI Aayog, “Unnati” Portal was launched to increase the employability rate in India among youths. According to NITI Aayog, there are a large number of opportunities in information technology sector as it is evolving day-by-day. IT managers will be in high demand to manage government initiatives. In corporate sectors, demand is also high for those who are well qualified and with great managerial skills.
- With several new trends such as SAP, Business Intelligence, Artificial Intelligence, and Deep Learning Augmented Reality, Beacons, the Internet of Things, etc., the requirements of Managers in the field have also increased manifold.
- Another new trend that is expanding is the rise of mobile apps for everyday necessary functions.
- The IT service management market is expected to grow with a CAGR of 7.7% during the next five years. Top businesses are also shifting to cloud-based solutions especially in retail, travel, and hospitality.
- With new technologies, top companies are looking to improve their services for customer benefit. These increase the need for more managerial candidates in the IT sector with the skills required to manage the IT systems as well as employees.
Career Growth after MBA in IT
Candidates of MBA in Information Technology have career opportunities such as IT Manager, IT Director, Project Manager, Chief Technology Officer, among others. MBA in Information Technology is an important combination of management expertise and information technology. Graduates in this field have multiple job openings in both the private and public sectors:
- IT Governance
- IT Financial Management
- IT Service Management
- IT Configuration management
Candidates can also find various career opportunities in Defense, Space agencies and the Automobile sector.
The government sector also provides opportunities for a career. The following are some examples:
- BSNL
- Indian Railways
- Indian Air Force
- ISRO
There are certain benefits of an MBA in Information Technology:
Developing strategies and acquiring the necessary skills to achieve organizational goals.
There are vast sub-areas under Information Technology where candidates can develop their career specialties.
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Course Content
There are several specializations of MBA in IT. These are:
- IT entrepreneurship
- Biodesign
- Data, big data, and data mining
- Supply chain management
- New energy technology
Jobs after MBA in Information Technology
As discussed, candidates have a host of job opportunities as an MBA in Information Technology.
- As Chief Technology Officers, candidates are required to identify risks and opportunities for business.
- Chief Information Officers are responsible for the IT systems that support institutional goals.
- Information Technology Directors are responsible for the management, execution, and strategy of the IT infrastructure of an organization.
- A Project Manager’s responsibility is to plan, budget, and document and oversees all aspects of a project.
Salary
According to Placement Report 2020 – IIM Bangalore, the average salary of MBA Information Technology professionals recorded is – 10 Lakh per annum
The highest paying jobs in this sector are:
| Job Role | Median Annual Salary* |
|---|---|
| Chief Technology Officers | Rs. 25 LPA |
| Chief Information Officers | Rs. 20 LPA |
| IT Directors | Rs. 8-9 LPA |
| Team Leader | Rs. 8-9 LPA |
| Project Manager | Rs. 12+ LPA |
| IT Consultant | Rs. 8-9 LPA |
| IT Manager | Rs. 10 LPA |
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Top Recruiters
- The top recruiters of MBA in Information Technology are Google, IBM, Dell, Oracle, HP, Accenture, TCS, HCL, Intel, Apple, Infosys, Wipro, etc.
- One of the top B Schools in the country, SP Jain Institute of Management and Research saw participation from top IT companies such as Microsoft, Google, Wipro, Infosys, and Capgemini who offered job roles on sales and consulting on campus.
- These constituted 9% of the batch. Analytics roles were also at the disposal of candidates as offered by American Express, Barclays and Philips. 33% of the batch joined IT and other E-commerce companies. The yearly average increase in compensation for MBA in IT exceeded 21%.
- Another top B School, IIM, Bangalore saw 7% placements in the Information Technology sector for the year 2018-20 with major companies such as Microsoft, Amazon, Accenture Strategy, and Flipkart offering jobs to candidates.
Top colleges offering MBA in Information Technology
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Top Colleges in Bangalore offering MBA in Information Technology
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FAQs
What is an MBA in Information Technology?
You can become a leader in the IT industry with an MBA in information technology (or a Master of Business Administration in Information Technology). The course will teach you many management and leadership skills, with an emphasis on information technology
What is the salary of MBA in Information Technology?
An entry-level MBA in IT graduate with a salary of Rs. 5,00,000 per year is possible. An MBA graduate with 1-4 years of experience might earn Rs. 577,793 per year. An IT Manager’s average compensation is around 12 lakhs.
What is the MBA IT scope in India?
In an article in 2020, McKinsey observed that that there is potential for a 45-100% growth in IT sector.
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