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Salary Range for Careers in Hospitality Management
A Master’s degree in Business Administration or MBA is the preferred postgraduate course that many usually opt for. Not only is it a reliable career path, it also opens doors to many managerial positions that provide lucrative salaries. Most MBA aspirants pick specializations that are “safe”, such as Finance or Marketing. Hospitality is quite a niche option that many may consider “risky”. While these concerns are valid, it is also important to note that a niche career in management sector can lead to faster success because there’s less competition and greater demand.
What can you make with an MBA in Hospitality Management?
Entry-level roles, which require minimum to no experience, can fetch you about INR 2,25,000 per year. As your experience increases, you can expect salaries in the INR 12,00,000 per year range and above. Even your skills determine your take home. For example, the average salary for customer service representatives is approximately INR 3,78,000, whereas those in operations average about INR 6,45,000.
Below is the estimated average salary of a few jobs in Hospitality Management,
Factors that determine salary
Your salary in Hospitality Management will depend upon multiple factors such as skill, experience, type of job, location, etc. In many cases, even gender plays a major role in how much you earn with an MBA, while it is not as significant as the rest. If you’ve had prior work experience, via a part-time job or internship, you can expect a good starting pay package. This is because you would have already gained some of the essential skills required for the job and the organization would be saving a significant amount of money that it would have otherwise invested in your training.
The way forward
Despite the dilution of the MBA market, it still remains one of the most sought-out degrees in India. It still commands a salary package that other master’s degrees don’t provide.
Hospitality encompasses a broad array of career options that include anything from customer service to hotel management. As such, the salary range is also quite broad. Depending on your interests and preferences, you can check out the salary domain affords.