MBA Salary in India: Salary For Freshers and Experienced
MBA salary in India ranges from INR 3.5 LPA to INR 32 LPA. Learn about differences in fresher salary and experienced salary after an MBA and various factors affecting the MBA salary in India.
Anil Solonki20 Nov, 2023
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MBA Salary in India: In the present scenario, possessing an MBA is regarded as a way to enhance one's professional credentials. The Master of Business Administration (MBA) stands out as a renowned postgraduate qualification worldwide. In the Indian job market, the demand for skilled MBA candidates is increasing significantly. Moreover, many recruiters are willing to pay MBA pass outs a lucrative salary package.
Candidates who want to pursue management courses often search for an MBA salary in India. Having clear data for the pay offered to MBA graduates reassures candidates about their choices.MBA Salary in India
MBA graduates are highly sought after in various industries due to the skills and knowledge they acquire during the program. Companies often prefer hiring MBA graduates during recruitment processes. The salary for MBA professionals in India is influenced by factors such as their area of expertise, experience, and qualifications. Here are the data showing the MBA salary in India based on specialisation and job roles.MBA Salary in India Based on Specialisations
The following table provides figures for MBA salaries in India categorised by different specialisations:| 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 following table outlines MBA salaries in India based on various job 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 |
MBA Salary in India for IIM Graduates?
IIM is regarded as the best management institute in India. Additionally, it is renowned for offering high-quality education and technology-centric training to students. Therefore, MBA graduates from IIMs earn high salary packages and get selected by top recruiters. Here is an overview of the average salary offered to MBA graduates at top IIMs during the 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 |
MBA Salary in India Based on Qualifications
Education qualifications play a vital role in determining MBA degree holders' salaries. Candidates who are from a business or technology background generally earn a high starting salary after completing the MBA course. The following points explain the variation in MBA salaries in India depending on various qualifications:-
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MBA Fresher Salary Vs Experienced Salary in India
The average starting salary offered to MBA freshers in India differs with institutes and specialisations. While the average salary at top institutes is around 6-7 LPA, students at some colleges get salaries of around 3.5 LPA to 4.5 LPA. However, with experience, the salary package of MBA graduates increases. Additionally, their chances of getting selected by renowned organisations also improve. The table below shows a comparison between the average salary offered to fresh MBA graduates and experienced MBA professionals:| MBA Profile | 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 Salary in India
Several factors play a role in determining the candidates' salary after completing an MBA degree in India. These factors include the institution where candidates obtain their degree, the geographical location of the job, the industry of employment, and previous professional experience. Here is a detailed explanation of the factors influencing MBA salary in India:Management Institution
The university or educational institution from which candidates complete their MBA education influences their starting salary. For example, graduates from LPU earn an average of Rs.3.5 lakhs per annum, while those from Symbiosis Institute or other top universities/colleges get an average salary of Rs.10 lakhs per annum. Studies indicate that, on average, graduates from top-tier management and business schools earn higher salaries compared to those from second or third-tier institutions.Work Experience
Professional experience is another key factor influencing MBA salaries. While some institutions offer dual degree programs that combine bachelor's and MBA degrees, many students enter MBA programs after gaining practical experience. The work experience gained after an undergraduate degree is crucial for candidates. Professional experience not only enhances competitiveness during the MBA admission process but also contributes to higher potential earnings after an MBA.Job Location
The location of the job also plays a crucial role in determining MBA graduates' salary. Different cities across India offer varying average base salaries for similar job roles. Typically, technology hubs and centres tend to provide some of the highest-paying jobs in the business and technology sectors.Industry
MBA degrees help candidates seek employment in various industries, such as finance, operations management, marketing, data analytics, and HR management. Each specialisation offers job roles with varying packages. Therefore, the choice of industry can significantly impact candidates' earning potential. Pursuing an MBA is a valuable pathway to upskilling and securing a promising future. However, to earn a high salary post-MBA, candidates must secure admission to top management colleges. To help candidates enter MBA colleges like IIMs, XLRI, MDI, etc., PW MBA Online Coaching offers thorough guidance from India's best faculties. Join now to secure a seat in your preferred MBA institute and enhance your career prospects.MBA Salary in India FAQs
What is the average salary offered to MBA fresh graduates in India?
The average starting salary offered to candidates at top MBA colleges is around Rs.6-7 LPA.
Which MBA specialisations offer the best job opportunities?
MBA specialisations in Digital Marketing, Entrepreneurship, Finance, Marketing, and Management offer the best job opportunities in India.
What is the average monthly MBA salary offered to freshers?
The average monthly MBA salary offered to freshers in India varies between INR 45,000 and INR 50,000.
What is the salary provided to experienced MBA candidates?
The salary offered to experienced MBA professionals ranges between INR 7 LPA and INR 12 LPA.
What is the salary of MBA finance at Infosys?
The salary range for MBA finance at Infosys is between Rs.2.5 to Rs.98 lakhs.
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