Hey Abhishek,

After completing your degree you can get a lot many decent jobs in the market which can bag you good salary :

1. Media Strategist   Rs. 2,00,000/- – Rs. 3,00,000/-
2. Marketing Analyst    Rs. 4,00,000/-
3. Media Manager   Rs. 4,50,000/-
4. Digital Media Producer - Rs. 450000/-
   
5. Digital media assistant - Rs. 300000/-
   
6. Corporate Communications head - Rs. 800000/-
   
7. Channel Head - Rs.1000000/-
   

These job titles that will be offered to the Media Management professionals are dynamic in nature. It requires a comprehensive amalgamation of Knowledge, Skills and Ability (KSA) in the upcoming professionals. These are only approximates while one should always check the official websites of the companies.

Regards.

Tanushree Seth

Hii..
Basically you will be getting a marketing/ branding/advertising jobs. So it depends a lot upon your colleges for getting a good pay and designation. Careers in films,tv at different roles, also possible.
Career options after MBA in Media and Communication or Media MAnagement:

Marketing Analyst

Marketing Manager

Media Planning Manager

TV producer

Digital Media Assistant

Communications lead

Corporate Communications Head

Channel Head