MBA salaries in India range between INR 3.5 LPA and INR 32 LPA. Learn about the disparities between fresher and experienced salaries after an MBA, as well as the many elements that influence MBA salaries in India.
MBA Salary in India: In the current climate, having an MBA is viewed as a method to improve one’s professional credentials. The Master of Business Administration (MBA) is an internationally recognized postgraduate qualification. The demand for skilled MBA candidates in India is rapidly expanding. Furthermore, many recruiters are eager to provide MBA graduates a good remuneration package.
Candidates seeking to take management courses sometimes look for an MBA salary in India. Having accurate data on the salaries provided to MBA graduates reassures candidates about their options.
MBA Salaries in India
MBA graduates are highly sought after in a variety of industries due to the skills and information they gain during the program. Companies frequently prefer to hire MBA graduates during the recruitment process. MBA professionals’ salaries in India vary depending on their area of specialization, experience, and qualifications. Here are the MBA salary figures in India based on specialisation and job responsibilities.
MBA Salaries in India Based on Specialisations
The following table presents figures on MBA wages in India classified by different specializations:
| MBA Specialization | Average Salary (Rs) |
| MBA in Finance | 2 – 14.70 LPA |
| MBA in Logistics Management | 6.25 – 8.50 LPA |
| MBA in HRM | 4.50 – 15.50 LPA |
| MBA in Marketing | 14.25 – 20.43 LPA |
| MBA in IT | 10K – 6 LPA |
MBA Salary in India: Based on Job Roles
The table below shows MBA salaries in India depending on various employment roles.
| Job Roles | Average Salary (Rs) |
| Project Manager | 19-20 LPA |
| Marketing Manager | 6-10 LPA |
| Business Development Manager | 5-15 LPA |
| Business Analyst | 5-11 LPA |
| SAP Consultant | 2-10 LPA |
| Financial Analyst | 4-10 LPA |
| Human Resource Manager | 3-5 LPA |
What is the MBA Salary in India for IIM graduates?
IIMs are recognized as the premier management institutes in India. Furthermore, it is well-known for providing high-quality education and technology-focused training to students. As a result, MBA graduates from IIMs earn excellent salaries and are recruited by leading companies.
Here’s a breakdown of the average income provided to MBA graduates at major IIMs during college placements:
| Institute | Top Recruiters | Average MBA Salary |
| IIM Ahmedabad | Boston Consulting Group, McKinsey, TCS | Rs.26.13 LPA |
| IIM Lucknow | Myntra, African Industries Group, Landmark | Rs.31 LPA |
| IIM Bangalore | Amazon, Microsoft, McKinsey, Oyo Rooms, Paytm | Rs.33.16 LPA |
| IIM Kozhikode | Google, EY, KPMG, Microsoft | Rs.22.5 LPA |
| IIM Calcutta | IIFL, Nykaa, Zomato, Amazon | Rs.34 LPA |
| IIM Shillong | Adobe, Pepsico, EY, IBM, Salesforce | Rs.23 LPA |
| IIM Indore | Cipla, ICICI Bank, Bajaj, Deloitte, Hero | Rs.25.01 LPA |
Also Read: Can an average student get into IIM
MBA Salaries in India Based on qualifications
MBA degree holders’ earnings are heavily influenced by their educational qualifications. Candidates with a business or technical experience typically receive a high beginning salary after completing the MBA course.
The following points explain the variance in MBA wages in India based on different qualifications:
B.com + MBA Salaries in India
A fresh MBA graduate with a B.com background earns an average annual income of roughly INR 7.25 lakh. In general, students should get 2-3 years of job experience after completing their B.com before applying for an MBA.
CA + MBA Salaries in India
Combining an MBA degree with a CA qualification allows applicants to advance their careers by honing their analytical and leadership abilities. An experienced CA+ MBA graduate can make an annual income ranging from 20 to 25 LPA.
BBA + MBA Salaries in India
Candidates with a BBA degree should aspire to study an MBA from prestigious universities such as IIMs, NMIMS Mumbai, and others in order to earn a good salary. Candidates with a BBA+MBA from a prestigious institute can anticipate an annual income of 18 lakhs.
MBA Fresher Salary versus Experienced Salary in India
The average beginning pay paid to MBA freshers in India varies by institute and specialisation. While the average pay at premier institutes ranges from 6-7 LPA, students at some colleges earn between 3.5 and 4.5 LPA. However, as experience grows, the remuneration package of MBA graduates improves. Furthermore, their chances of being selected by reputable groups grow.
The table below compares the average compensation provided to fresh MBA graduates versus seasoned MBA professionals.
| Profiles of MBA | MBA Freshers Salary | MBA Experienced Salary |
| Supply Chain Manager | Rs.3,42,752 p.a | Rs.11,98,483 p.a |
| HR Manager | Rs.3,69,454 p.a | Rs.10,14,633 p.a |
| Operations Manager | Rs.3,71,015 p.a | Rs.9,97,945 p.a |
| General Manager | Rs.6,00,000 p.a | Rs.26,16,370 p.a |
| Marketing Manager | Rs.4,13,682 p.a | Rs.9,13,232 p.a |
Factors influencing MBA salaries in India
Several factors influence the candidates’ pay after getting an MBA degree in India. These determinants include the university from which candidates obtained their degrees, the job’s geographical location, the industry of employment, and past professional experience.
Here is a detailed explanation of the factors influencing MBA salary in India:
The Management Institution
Candidates’ starting salaries are influenced by the university or educational institution where they completed their MBA study. For example, graduates from LPU earn an average of Rs.3.5 lakhs per year, whereas those from Symbiosis Institute or other top universities/colleges earn an average of Rs.10 lakhs per year. According to studies, graduates from top management and business schools earn better wages than those from second or third-tier universities.
Work Experience
Professional experience is another important aspect in determining MBA pay. While some universities provide dual degree programs that combine bachelor’s and MBA degrees, many students enroll in MBA programs after acquiring practical experience.
Candidates must have job experience after completing their undergraduate degree. Professional experience not only improves competitiveness during the MBA admissions process, but it also leads to higher prospective earnings after graduation.
Job Location
MBA graduates’ salaries are also heavily influenced by the location of their jobs. Different cities in India have differing average base incomes for similar job roles. Typically, technological hubs and centers offer some of the highest-paying jobs in the business and technology industries.
Industry
MBA degrees can prepare applicants for careers in finance, operations management, marketing, data analytics, and human resources management. Each specialty provides career opportunities with variable compensation. As a result, the industry chosen by applicants might have a substantial impact on their earnings potential.
Pursuing an MBA is an excellent method to upskill and secure a bright future. To earn a high salary after completing an MBA, individuals must be admitted to top management universities. Planet E provides comprehensive guidance from India’s leading faculties to individuals seeking admission to MBA institutes such as IIMs, XLRI, MDI, and others. Join immediately to get a spot at your selected MBA institute and improve your professional prospects.
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