High-Paying Government Jobs After MBA 2023 with Salary
Updated on 02nd Jan, 24 9.2K Views

An MBA graduate has diverse job positions within government sectors, and thus, our focus is to examine a handful of these opportunities. We’ll explore their eligibility criteria, and the responsibilities they handle in their daily work, and the average salary for each specific job role.

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These are some of the job roles and their respective sectors that feature in the below table. It highlights positions like Management Trainee, Finance Executive, System Administrator, and Business Development Manager across various sectors such as PSBs, Indian Railways, Govt. Research Agencies, and PSUs, shedding light on the salary variations within these industries.

SectorJob RolesAvg Salary per annum (INR)
PSBsManagement Trainee (MT), Credit Officer, Investment Banking Officer400,000 – 600,000
Indian RailwaysFinance Executive, Operations Executive, Quality Assurance Manager480,000 – 720,000
Central and State Govt. Research AgenciesSystem Administrator, Programmer, IT Manager360,000 – 540,000
PSUsBusiness Development Manager, Project Manager, Supply Chain Manager560,000 – 840,000

Public Sector Banks (PSBs)

Public Sector Banks (PSBs) are government-owned banks that play a crucial role in the Indian economy. These banks offer various financial services to people, businesses, and the government itself. MBA graduates are in high demand in PSBs due to their strong analytical, problem-solving, and communication skills, which are essential for managing financial operations, developing strategies, and building relationships with customers.

Let’s explore some of the job positions that an MBA graduate can join or take on in public sector banks:

Management Trainee (MT)

A Management Trainee (MT) in public sector banks is an entry-level position for fresh graduates, especially those with an MBA or relevant qualifications. MTs undergo a structured training program to learn about various banking functions, policies, and procedures. They assist senior managers and learn about customer service, financial analysis, and administrative tasks while contributing to different projects.

Eligibility Criteria: 

Education Qualifications –

  • Candidates need around 50% to 55% of their bachelor’s degree
  • A postgraduate degree like an MBA in areas such as finance or marketing with approximately 50% to 60% might be preferred by many PSBs

Skills Required – 

  • Strong analytical
  • Problem-solving
  • Communication skills
  • A passion for finance and banking

Exams Accepted –

  • IBPS PO
  • SBI PO
  • DMRC
  • RBI Grade B

Credit Officer

A credit officer in public sector banks is responsible for assessing, evaluating, and approving loan applications. Their primary role involves analyzing the financial status of applicants, determining creditworthiness, and deciding whether to approve or deny loans. 

Eligibility Criteria: 

Education Qualifications –

  •  Usually, a minimum of 60% is expected for a Bachelor’s degree
  •  An MBA in banking,  finance, or accounting generally requires a minimum of 70%

Skills Required –

  • Strong analytical and problem-solving skills
  • Communication skills
  • Good knowledge of financial concepts and principles
  • Proficient in computer applications.

Exams Accepted –

  •  Bank of India Credit Officer Exam
  •  Central Bank of India Credit Officer Exam
  •  State Bank of India Credit Officer Exam
  • IBPS PO Exam and SBI Clerk Exam

Investment Banking Officer

An investment banking officer in Indian public sector banks oversees and executes financial services related to mergers, acquisitions, and fundraising. Their responsibilities involve conducting financial research, preparing investment proposals, managing client relationships, and ensuring compliance with regulatory standards and policies in the investment banking domain within the PSB structure.

Eligibility Criteria: 

Education Qualifications – 

  • A Bachelor’s degree in finance, economics, commerce, or a related field with a minimum of 65%.
  • An MBA in finance, commerce, or a related field with a preference for a minimum of 75% is desired.

Skills Required –

  • Proficient in financial modeling and valuation techniques
  • Strong analytical and problem-solving skills
  • Knowledge of capital markets and financial instruments

Exams Accepted –

  • IBPS PO Exam 
  • SBI Clerk Exam.

Salary and Top Recruiting PSBs 

Take a look at the table below to find the average pay for these government jobs after an MBA and the major PSBs recruiting in 2024.

Job RoleAverage Salary Top PSBs Recruiting in 2023
Management Trainee (MT)INR 4-8 Lakhs per annum RBI, SBI, IBPS, Bank of India, Union Bank of India, Punjab National Bank (PNB), Bank of Baroda, etc.
Credit OfficerINR 4-10 Lakhs per annum 
Investment Banking OfficerINR 6-15 Lakhs per annum 

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Indian Railways

Indian Railways is known as the fourth-largest railway network globally, carrying an immense load of 8.5 billion passengers and 1.1 billion tons of freight annually. With a massive workforce of 1.2 million, it’s a crucial part of India’s transportation system, connecting diverse regions and handling varied operations.

Indian Railways is seeking MBA graduates because of their demand for managing, strategizing, and handling operations. As the railway industry grows and becomes more modern, there’s a greater requirement for experts who can make operations smoother, manage resources better, introduce effective business models, and oversee different projects.

Below are several job roles within the Indian Railways that an MBA graduate can pursue or take on:

Finance Executive

In Indian Railways, a Finance Executive handles the financial affairs of the railway department. They team up with finance, accounts, and budgeting units to ensure the railways’ finances are in good shape and that all financial dealings are managed accurately. Their tasks include preparing financial reports, forecasting financial trends, and potentially assisting in procuring goods and services for the railways.

Eligibility Criteria: 

Education Qualifications – 

  • A candidate should have secured at least 55% marks in their Bachelor’s degree in Commerce or Finance
  • Master of Business Administration (MBA) with a specialization in Finance or Accounting, also with a minimum of 55% marks

Skills Required – 

  • Accounting principles
  • Proficiency in financial analysis and budget management
  • Strong analytical skills
  • Knowledge of financial software & tools for data analysis

Exams Accepted –

  • RRB General Graduate Level (GGL) exam 
  • RRB Finance and Accounts Examiner (FAE) exam

Operations Executive

An Operations Executive in Indian Railways is responsible for planning, organizing, and managing the day-to-day operations of a railway division or station. They work with a team of employees to ensure that trains run on time, that passengers and cargo are transported safely and efficiently, and that all railway operations are compliant with safety regulations.

Eligibility Criteria: 

Education Qualifications –

  •  A minimum of 60% marks in the bachelor’s degree is required
  •  A minimum of 55% marks in the master’s degree in operations management, supply chain management, or related disciplines are required

Skills Required – 

  • Knowledge of railway operations and familiarity with railway infrastructure
  • Decision-making skills
  • Problem-solving ability

Exams Accepted – 

  • Railway Recruitment Board (RRB) Group D Exam
  • DFCCIL Recruitment Exam
  • Indian Railway Catering and Tourism Corporation (IRCTC) Recruitment Exam
  • Regional Railways Direct Recruitment

Quality Assurance Manager

A Quality Assurance Manager in Indian Railways plays a crucial role in ensuring adherence to quality standards across all aspects of railway operations, from infrastructure and rolling stock maintenance to passenger service delivery. They oversee the implementation of quality management systems, conduct audits and inspections, identify and rectify defects, and continuously work towards improving the overall standard of railway services.

Eligibility Criteria: 

Education Qualifications – 

  • A Bachelor’s degree in a related field such as engineering, quality assurance, or business administration with a minimum of 60% marks
  • An MBA in Quality Management or a related field can be advantageous with a minimum of 55% marks

Skills Required – 

  • Ability to effectively communicate and collaborate with cross-functional teams
  • Strong knowledge of quality management principles and practices
  • and leadership and organizational skills

Exams Accepted –

  •  RRB NTPC (Non-Technical Popular Category Exam)
  • RRB JE (Junior Engineer)
  • RRB Group D
  • UPSC IES (Indian Engineering Services)

Salary and Railway Organizations 

In the table below, we’ve presented information regarding the mentioned government jobs after MBA, their respective average salaries, and the Indian Railways organizations that recruit individuals for these positions.

Job RoleAverage SalaryTop Indian Railways Organizations
Finance Executive₹800,000 – ₹1,200,000
Indian Railways, IRCTC, Konkan Railway Corporation, Rail Vikas Nigam Limited, Dedicated Freight Corridor Corporation of India, Indian Railway Finance Corporation, RailTel Corporation of India, Indian Railway Construction Company, Rail Coach Factory, and Bharat Heavy Electricals Limited
Operations Executive₹700,000 – ₹1,100,000
Quality Assurance Manager₹850,000 – ₹1,300,000

Central and State Government Research Agencies

Central and State Government Research Agencies are organizations dedicated to scientific research and development across various sectors, such as agriculture, defense, energy, environment, health, and technology, contributing significantly to India’s scientific and technological progress. MBA graduates are valued in this sector for their abilities to oversee complex IT projects, strategize IT implementations, and ensure IT systems are in line with government objectives.

System Administrator

A government system administrator is responsible for managing and maintaining the IT infrastructure that supports government agencies and programs. They install, configure, maintain, and secure servers, operating systems, and applications. System administrators also monitor system performance, troubleshoot problems, and provide technical support to users.

Eligibility Criteria: 

Education Qualifications – 

  • A Bachelor’s degree in computer science, information technology, or a relevant field with a minimum aggregate of 60% marks
  • An MBA specializing in Information Technology (IT) with a minimum aggregate of 60% marks

Skills Required – 

  • Understanding of networks, operating systems, and databases
  • Strong communication and interpersonal skills
  • Experience with system administration or IT support
  • Proficiency in system security and data backup/recovery

Exams Accepted –

  • National Institute of Electronics and Information Technology (NIELIT)
  • State Public Service Commissions (SPSCs)

Programmer 

Programmers in government agencies use their skills to design, develop, test, maintain, and document software applications that support a wide range of government functions. They closely work with stakeholders to understand user needs and implement security and compliance measures. By developing and maintaining reliable and secure software applications, government IT programmers help government agencies operate efficiently and effectively.

Eligibility Criteria: 

Education Qualifications – 

  • Bachelor’s degree in computer science or a related field with a minimum aggregate score of 60% is required
  •  An MBA with a specialization in information technology (IT) with a minimum aggregate score of 60% is required

Skills Required – 

  • Proficiency in programming languages like Java, C++, Python, JavaScript, or C# is desired
  • Ability to collaborate with stakeholders to understand and address user needs
  • Strong understanding of software development, testing, and maintenance practices

Exams Accepted –

  • National Institute of Electronics and Information Technology (NIELIT)
  • Bank of India (BOI) Programmer exam

IT Manager

The IT Manager within government agencies holds the responsibility for managing and operating the entire IT system and services. This involves tasks such as planning, executing, and maintaining IT infrastructure, as well as overseeing the development and deployment of new applications and services.

Eligibility Criteria: 

Education Qualifications – 

  • A Bachelor’s degree in any discipline with a minimum of 50% aggregate marks
  • For an MBA, the specialization should be in Information Technology (IT), Management Information Systems (MIS), or a related field, with a minimum of 55% overall marks

Skills Required – 

  • Excellent leadership and management skills
  • Ability to plan, implement, and manage complex projects
  • Strong technical skills in IT infrastructure, applications, and security.

Exams Accepted – Depends on organization

Salary and Top Indian Government Agencies

The table below displays details about the government job roles mentioned after MBA, their average salaries, and the major Indian government agencies that hire individuals for these positions.

Job RoleAverage Salary (INR)Top Indian Government Agencies
System Administrator8-12 LPANational Informatics Centre (NIC), Centre for Development of Advanced Computing (C-DAC), Indian Space Research Organisation (ISRO), Department of Electronics and Information Technology (DeitY), Ministry of Defense (MoD),  Ministry of Home Affairs (MHA)
Programmer6-10 LPA
IT Manager10-20 LPA

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Public Sector Undertakings (PSUs)

Public Sector Undertakings (PSUs) are companies owned and operated by the government. They play an important role in the Indian economy, providing essential services such as electricity, telecommunications, and transportation. MBA graduates can play a valuable role in PSUs by using their skills and expertise to improve efficiency, profitability, and customer service.

Business Development Manager

A Business Development Manager is responsible for identifying growth opportunities, creating strategic partnerships, and expanding the organization’s market presence. Their tasks involve market analysis, negotiating deals, and contributing significantly to the PSU’s profitability  through the exploration of new business opportunities and diversification of operations.

Eligibility Criteria: 

Education Qualifications – 

  • A Bachelor’s degree in a relevant field such as commerce, business administration, or engineering
  • An MBA with 55% marks along with specializations like Marketing/Sales/Business/Development or related fields might be preferred

Skills Required – 

  • To build and maintain relationships with key customers and partners
  • To negotiate and close deals
  • To analyze market data and trends

Exams Accepted –

  • Graduate Management Admission Test (GMAT)
  • State Eligibility Test (SET)
  • National Eligibility Test (NET)
  • Common Admission Test (CAT)

Project Manager

A Project Manager serves as the guiding force behind a project’s success within an organization by overseeing all aspects of a project, including planning, execution, and coordination. They manage resources, timelines, budgets, and teams to ensure successful project delivery within set parameters. Their role involves problem-solving, communication with stakeholders, and adapting to changes to meet project goals.

Eligibility Criteria: 

Education Qualifications – 

  •  Bachelor’s degree in any discipline with a minimum of 60% aggregate marks
  • MBA with specializations like Project Management or a related field with a minimum of 55% aggregate marks

Skills Required – 

  • Knowledge of project management methodologies and tools
  • Ability to manage multiple tasks and deadlines simultaneously
  • Familiarity with relevant regulations and compliance standards
  • Possession of a strategic mindset

Exams Accepted –

  • Graduate Management Admission Test (GMAT)
  • State Eligibility Test (SET)
  • National Eligibility Test (NET)
  • Common Admission Test (CAT)

Supply Chain Manager

A Supply Chain Manager in PSUs is responsible for the end-to-end management of the supply chain, from sourcing raw materials to delivering finished goods to customers. This includes tasks such as developing and implementing supply chain strategies, managing relationships with suppliers, negotiating contracts, tracking inventory levels, and ensuring that goods are delivered on time and in full.

Eligibility Criteria: 

Education Qualifications – 

  •  Bachelor’s degree in any discipline with a minimum of 60% aggregate marks
  • An MBA degree, with a minimum of 60% marks, in the field of Supply Chain Management (SCM) or a related discipline is required

Skills Required – 

  • Technology proficiency in SCM software
  • Problem-solving & decision-making 
  • Supply Chain Management expertise

Exams Accepted –

  • Graduate Management Admission Test (GMAT)
  • State Eligibility Test (SET)
  • National Eligibility Test (NET)
  • Common Admission Test (CAT)

Salary and TOP PSUs Organizations

The information in the table outlines job roles, their average salaries, and the prominent Indian PSUs recruiting for these positions.

Job RoleAverage Salary (INR)Top Indian PSU Organizations
Business Development Manager15-20 LPABharat Petroleum Corporation Limited (BPCL), Indian Oil Corporation Limited (IOCL), National Thermal Power Corporation Limited (NTPC), Oil and Natural Gas Corporation Limited (ONGC), Steel Authority of India Limited (SAIL),  National Highways Authority of India (NHAI)
Project Manager12-18 LPA
Supply Chain Manager10-16 LPA

Conclusion

The scope for MBA graduates in government jobs is vast, taking into account various specializations. Each path provides a platform for skilled professionals to contribute to the nation’s growth. These roles offer stability, professional growth, and a chance to serve the public interest. In a nutshell, people looking for a steady and fulfilling professional path have a lot of options when it comes to pursuing government positions after earning an MBA. 

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