10. India
Salary in 2017 (USD): 76,300.00
Salary Growth (%): 0.35
GDP Growth Rate: (%) 6.72
Cost of Living Index: 25.08
The second fastest growing economy in the world, India has been the IT outsourcing capital for quite long. Being a populous nation, it is also one of the most lucrative marketplaces. It ranks 10th on our list of highest paying countries for business majors and it also has a strong education system with some of the best B-schools in the world. It also boasts a stable political environment. During the economic slowdown around 2008 (when the USA and most of Europe suffered due to sub-prime mortgage crisis), India suffered minor setbacks and rather continued its strong economic performance (it suffered only in 2008 when its GDP growth slowed down below 4%, but it resumed its growth path in 2009 when it showed GDP growth at 8.59%). The government initiatives to expedite public sector projects and strong foreign exchange reserves were some of the reasons for such a strong performance.
As India strides towards becoming an economic superpower, it is expected to attract more academic talent, especially with management education and with new recruitment increasing by 14% over the current levels. The lure of high paying jobs and strong employment potential would keep this as an attractive destination for qualified business majors.
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