Quick Summary
If you’re considering pursuing an MBA in India, one of the first questions you might have is: What is the MBA salary? It’s a common concern for prospective students as they weigh the costs and benefits of the program. Whether you’re aiming for a career in finance, marketing, or human resources, understanding the potential salary after completing an MBA is an important part of your decision-making process.
In this article, we will explore MBA salary trends in India and help you understand the factors that influence your earnings. Many aspects, such as the industry you work in, your specialization, and your work experience, play a role in determining your salary. For example, an MBA from a top-tier college might lead to a higher salary compared to one from a less-known institution. Additionally, your previous work experience and the industry you enter will significantly impact your MBA job opportunities and salary.
We will also discuss the industries that offer the highest MBA job opportunities and salary. Roles in consulting, finance, and technology are known to provide higher salary packages for MBA graduates. Understanding these trends can help you make informed choices about your MBA specialization. Ultimately, your MBA job opportunities and salary will depend on a mix of factors, but with the right strategy and preparation, you can maximize your earning potential.
The average salary of MBA graduates in India varies based on experience level:
Experience Level | Average Salary | Salary Range |
---|---|---|
Entry Level (0-3 years) | ₹6-8 LPA | ₹4-12 LPA |
Mid Level (4-8 years) | ₹15-18 LPA | ₹12-25 LPA |
Senior Level (9-12 years) | ₹25-35 LPA | ₹20-50+ LPA |
However, this is a broad range and can vary depending on several factors like your specialization, the reputation of the MBA institution, and your work experience.
Here is the list of MBA job opportunities and salary after an MBA degree:
Job Profile | Salary (per annum) |
---|---|
Investment Banker | ₹2 Lakhs – ₹51 Lakhs |
Project Manager | ₹4.2 Lakhs – ₹30 Lakhs |
Consultant | ₹4.5 Lakhs – ₹22.7 Lakhs |
Marketing Manager | ₹2.4 Lakhs – ₹25 Lakhs |
Business Development Manager | ₹2.6 Lakhs – ₹17 Lakhs |
Financial Analyst | ₹2.1 Lakhs – ₹12.9 Lakhs |
HR Manager | ₹2.9 Lakhs – ₹19 Lakhs |
Business Analyst | ₹3 Lakhs – ₹17 Lakhs |
Operation Manager | ₹3 Lakhs – ₹21.8 Lakhs |
Data Analyst | ₹1.8 Lakh – ₹13 Lakhs |
Sales Manager | ₹2.2 Lakhs – ₹16 Lakhs |
Advertising Manager | ₹1.6 Lakh – ₹21 Lakhs |
Digital Marketing Manager | ₹3 Lakhs – ₹19 Lakhs |
Brand Management Executive | ₹1.5 Lakh – ₹10.9 Lakhs |
eCommerce Specialist | ₹1.5 Lakh – ₹9.6 Lakhs |
Source – Ambitionbox
Investment bankers earn a good salary after an MBA. They can earn an average of INR 4.5 LPA, and the highest MBA salary in India can be around INR 40.4 LPA.
Relevant certifications include:
Project managers are responsible for the execution of the entire project. They are hired by top IT firms which gives them a good salary. On average, a project manager can earn INR 14.5 LPA and, with experience, can reach INR 26 LPA.
To become a project manager in India and secure an attractive salary after MBA, various educational qualifications and professional certifications can significantly enhance your prospects. The role of a project manager typically involves planning, executing, and leading projects across industries, making versatility and leadership skills crucial. Here’s a detailed look at the qualifications and eligibility criteria for aspiring project managers in India:
A consultant is one of the highest-paying jobs after an MBA where candidates can earn a good salary. On average, they can make up to INR 10 LPA which can further extend to INR 22 LPA.
Bachelor’s Degree: This is the fundamental requirement for becoming a consultant. The degree should ideally be in a field relevant to your area of specialization. For example:
Marketing managers make a decent amount of salary. Their average salary can be around INR 2.4 to 7.4 LPA. The highest salary can reach up to INR 23 LPA.
Also Read :- The Ultimate Marketing Management Guide
The salary of a business development manager in India can be anywhere around INR 2.5 to 5.3 LPA and the highest salary can be INR 15 LPA.
A financial analyst is a good stream where MBA graduates can earn a good salary. The average salary can start from INR 4 LPA and can reach up to INR 10.3 LPA. Financial analysts have the highest MBA salary in India.
Human resource managers are always in demand. With the good opportunities available to them in each firm, they can earn the highest salary of INR 18 LPA which can be increased with more experience. The average salary for an MBA in HR can be INR 3 to 7 LPA.
The job of a business analyst ranges from finding solutions to business problems to implementing them. MBA business analytics salary can be between INR 3 to 7 LPA. The highest salary can be INR 15 LPA.
It is one of the top managerial positions in the firm, which exposed him to earning a good salary. The Operations Manager’s average salary in India ranges from INR 3 to 7.5 LPA. The highest salary can be around INR 18.6 LPA.
Data Analyst salary ranges from INR 1.9 to 4.4 LPA. With more experience, the salary can reach up to 11.6 LPA.
Sales and marketing are good MBA streams. The average salary of a sales manager is 5 LPA, which can reach up to INR 14 LPA.
Advertising managers are responsible for running advertising campaigns. This is also one of the highest-paying jobs after MBA. The average salary they can earn is between INR 2.3 and 5.4 LPA. The highest salary earning is INR 19.8 LPA.
With advanced technology, there has been an increase in the demand for digital marketers. They can earn an average salary between INR 3.1 and 7 LPA, and the highest salary can be around INR 19.3 LPA.
Brand managers are responsible for maintaining the brand’s image. They earn a good salary after an MBA by working with top brands. The average salary can be around INR 3.1 LPA and with more experience, it can reach up to INR 19.3 LPA.
With the growing e-commerce platforms, the demand for e-commerce specialists increased. They earn a decent salary of 10 LPA and an average of 4.5 LPA, which can be increased after gaining some experience
Several factors play a role in determining your salary after completing an MBA. Here are some of the most important ones:
The college or university where you earn your MBA plays a huge role in determining your salary. Graduates from top institutions such as the Indian Institutes of Management (IIMs), XLRI, and SP Jain typically earn higher salaries compared to those from lesser-known colleges.
Your professional experience before pursuing an MBA plays a significant role in determining your salary after MBA. Candidates with several years of experience, particularly in management roles, often command a higher salary after completing their MBA, even if their degree is from a less prestigious institution.
The industry you choose to work in after completing your MBA has a major influence on your salary. Here are some common industries that MBA graduates enter, along with their salary ranges:
Industry | Average Salary After MBA |
---|---|
Consulting | ₹12,00,000 – ₹30,00,000 |
Banking & Finance | ₹12,00,000 – ₹25,00,000 |
Marketing & Sales | ₹8,00,000 – ₹20,00,000 |
Information Technology | ₹8,00,000 – ₹20,00,000 |
Retail & E-commerce | ₹8,00,000 – ₹18,00,000 |
Manufacturing & Operations | ₹8,00,000 – ₹18,00,000 |
As evident, industries such as Consulting and Banking provide some of the highest salary after MBA, whereas sectors like Marketing and Retail usually offer comparatively lower salaries. However, these roles can still be quite lucrative depending on factors like the position and location.
Your job location can significantly impact your salary. Salaries in metropolitan cities like Delhi, Mumbai, and Bangalore tend to be higher due to the cost of living and the presence of global companies. Conversely, in smaller cities, the salary may be lower, but the cost of living will also be more affordable.
Related Article :- MBA after Engineering
An important aspect of understanding Salary After MBA is knowing how your salary progresses over time. Here is a typical salary growth path for MBA graduates:
For those who enter the workforce right after completing their MBA, the salary range typically falls between ₹8,00,000 to ₹12,00,000 annually.
With a few years of experience, you can expect your salary to rise significantly, especially if you’ve worked in high-demand industries such as consulting or finance. The salary range for mid-level professionals is typically ₹12,00,000 to ₹20,00,000 per annum.
With more experience, especially in leadership or management roles, MBA graduates can earn upwards of ₹20,00,000, with the highest earners reaching ₹30,00,000 or more, particularly in sectors like consulting, finance, and technology.
While we’ve covered salaries for MBA graduates in India, many students also wonder how the salaries compare to those in other countries. Let’s look at a quick comparison:
Country | Average Salary After MBA |
---|---|
India | ₹8,00,000 – ₹30,00,000 |
United States | $80,000 – $150,000 |
United Kingdom | £50,000 – £100,000 |
Canada | CAD 70,000 – CAD 120,000 |
As you can see, MBA salaries in countries like the United States and United Kingdom are significantly higher, but the cost of living is also much higher in these countries.
There are several MBA specializations, each with its unique focus and emphasis. The most popular MBA specializations include Finance, Marketing, and Human Resources. However, many other specialized MBA programs are available, such as those focused on Information Technology, International Business, or Project Management.
The highest-paying MBA salaries often come from specializations in finance and consulting. MBA graduates with these specializations usually enjoy a good salary after MBA and frequently land high-level positions in top companies. The salary after MBA in finance and consulting tends to be higher due to the demand for these skills. As a result, an MBA in these fields can lead to a significant salary after MBA. Graduates from finance and consulting programs often see impressive salary after MBA, reflecting their expertise and the value they bring to organizations. Overall, focusing on finance or consulting can lead to a rewarding salary after MBA.
Brands today are working immensely on their marketing strategy. Every day, we see innovative marketing campaigns by brands to help them stand out among their audiences. Therefore, every brand wants skilled professionals to handle its marketing strategy.
MBA in Marketing focuses on subjects like consumer behavior, market research processes, marketing tools and techniques, digital and traditional advertising, and sales management. MBA in Marketing has a wide scope with a good MBA salary.
Source :- NIRF
Here is the list of job positions:
What is the salary after an MBA in marketing? The salary after an MBA in Marketing is INR 5.4 LPA. As you gain more work experience, the average MBA starting salary package ranges from INR 14.25 to 20.43 LPA. With increasing qualifications and years of experience, your salary can go up to INR 30 to 45 LPA.
The MBA finance course is among the top choices for students interested in banking and finance. With the growing demand for financial experts in the corporate world, this program provides numerous career opportunities. Additionally, students can secure a competitive salary after MBA in finance, making it a highly rewarding field.
Financial and banking experts are responsible for the financial management of an organization. This involves the different stages of planning, implementing, and regulating the inflow and outflow of assets.
Some of the most renowned universities that provide a great scope after an MBA in Banking and Finance are:
Source :- NIRF
MBA in Finance salary is good in these top job positions.
After Banking and Finance from a top-tier B-school, you can expect a starting highest MBA salary in India of INR 10 to 15 LPA, so an MBA finance salary per month comes to around INR 83K to 125K. The highest MBA salary in finance can go up to INR 50 LPA.
Also Read :- The Ultimate List of Jobs after MBA Finance
Data is the currency of the Information Age. Job opportunities and the highest salary after an MBA are on a surge for skilled data analysts. A data analyst mines through countless, broken-up data and sorts them into meaningful areas for the company to act upon.
This trending MBA specialization offers excellent prospects, including the potential for the highest salary after MBA in India. The course equips you with skills in data analytics, enabling you to analyze various data points and derive meaningful insights, trends, and actionable information.
Source: NIRF
An MBA in Data Analytics can open up various career opportunities with a high salary.
What is the salary after an MBA? The Highest MBA salary in India in Data Analytics can initially range from INR 3 to 8 LPA. The top executives in data analytics earn a higher salary of up to INR 55 LPA.
Ensuring the smooth functioning of business processes is crucial, which is why companies hire operations experts to optimize their operations. The role of an operations manager involves managing product quality, maintaining customer relations, overseeing inventory and supply management, and boosting productivity. Moreover, the salary after MBA in operations management is competitive, reflecting the importance of this role in driving business efficiency.
It is one of the best MBA streams as many companies digitize their operations and supply chain, introducing new opportunities.
A bachelor’s degree in any stream, with a 55% aggregate score.
Source – NIRF
After completing an MBA, job opportunities and salary potential are vast. With an MBA in operations management, you can work in diverse fields such as management consulting, retail management, information technology, healthcare management, and transport and logistics. The salary after MBA in operations management is often quite high due to the importance of these roles. By pursuing an MBA, you open doors to many career paths and a strong salary after MBA. The salary after MBA in these areas reflects the high demand for skilled professionals. Overall, an MBA in operations management can lead to exciting opportunities and a rewarding salary after MBA.
A fresher with an MBA in Operation Management has the potential to earn between INR 4 to 10 LPA salary after an MBA. It can later increase to INR 40 LPA.
Human Resource Management is a great career choice with a high salary after MBA. As companies focus more on employee well-being, the demand for skilled HR and talent management professionals is increasing. This higher demand often leads to a better salary after MBA. By pursuing an MBA in Human Resource Management, you can expect a competitive salary after MBA. The salary after MBA in HR is generally good because of the crucial role HR plays in organizations. Overall, if you choose HR as a specialization, you can enjoy a strong salary after MBA and many opportunities for growth.
Source :- NIRF
A human resource professional is in high demand across various industries and domains like information technology, law firms, advertising agencies, retail management companies, and media houses.
Highest-paying jobs or Highest Salary after MBA in HR include:
Candidates with an MBA in HR Management enjoy a starting salary after an MBA of INR 4 to 7.1 LPA.
Entrepreneurship refers to the study of developing and managing a business to make it profitable. There is great scope for MBA Entrepreneurship as today’s youth is filled with innovative ideas that can easily be monetized. The recent surge in the number of startup unicorns and the ‘Atmanirbhar Bharat’ (Self-Reliant India) has influenced the youth to develop more start-ups.
The course’s curriculum enables MBA candidates to understand the necessary resources to sustain a business. It also helps students learn about various strategies that can help them build a profitable business and earn hand full salary after an MBA.
Source :- NIRF
An MBA in entrepreneurship helps you develop a business-focused mindset, which is highly valued by many companies. After completing an MBA in entrepreneurship, you can work in various fields such as automobile, information technology, small and medium business management, insurance, sales, and marketing. These areas offer good opportunities, and you can earn a great salary after MBA. The salary after MBA in entrepreneurship is usually high because these skills are in demand. By using what you’ve learned, you can achieve a competitive salary after MBA. Overall, an MBA in entrepreneurship can greatly improve your job prospects and lead to a rewarding salary after MBA.
The average salary after an MBA in Entrepreneurship is INR 10 LPA. MBA in Entrepreneurship offers faster growth opportunities, and you can earn up to INR 20 to 30 LPA. However, if you choose to start your own business, initially your profits might be low, but gradually you can start earning well.
Recommended Read :- Top 15 Short-term Courses after MBA to Boost Your Career
University | Approximate Fees (INR) | Curriculum | Common Subjects |
---|---|---|---|
Indian Institute of Management Ahmedabad (IIMA) | ₹23 – ₹25 lakhs | Case-Based Learning, Industry Interaction | Finance, Marketing, Strategy, Operations Management |
Indian Institute of Management Bangalore (IIMB) | ₹23 – ₹25 lakhs | Experiential Learning, Global Exposure | Economics, Leadership, Entrepreneurship, Analytics |
Indian Institute of Management Calcutta (IIMC) | ₹22 – ₹24 lakhs | Case Studies, Internships, Projects | HR Management, Business Ethics, Supply Chain |
Xavier School of Management (XLRI), Jamshedpur | ₹20 – ₹22 lakhs | Jesuit Pedagogy, Social Sensitivity | Business Ethics, Organizational Behavior, HRM |
Indian School of Business (ISB), Hyderabad | ₹30 – ₹35 lakhs | International Exposure, Electives | Corporate Finance, Business Analytics, Leadership |
SP Jain Institute of Management and Research, Mumbai | ₹17 – ₹20 lakhs | Global Immersion, Industry Projects | Marketing Management, Operations, Business Strategy |
Faculty of Management Studies (FMS), Delhi | ₹1 – ₹2 lakhs | Case-Based Learning, Workshops | Managerial Economics, Business Communication |
Symbiosis Institute of Business Management (SIBM), Pune | ₹20 – ₹22 lakhs | Interdisciplinary Approach, Internships | Financial Management, Operations, Business Law |
Narsee Monjee Institute of Management Studies (NMIMS), Mumbai | ₹17 – ₹20 lakhs | Experiential Learning, Specializations | Strategic Management, Marketing, Business Analytics |
An MBA program offers numerous benefits, including enhanced leadership, communication, and problem-solving skills. It opens up opportunities for higher-level roles in various industries and provides valuable networking opportunities. One of the key advantages is the potential for a significant increase in earning potential. The salary after MBA in India can be considerably higher compared to pre-MBA earnings, with graduates often landing roles in management or consulting. Additionally, an MBA program equips individuals with the knowledge to start their own businesses or advance in their current careers.
Following are some of the benefits of the MBA Program –
Related Read – Online MBA vs Full-time MBA
In summary, the Salary After MBA in India varies significantly based on factors like specialization, experience, college reputation, and location. On average, MBA graduates can expect to earn between ₹8,00,000 and ₹12,00,000 annually, with those from top institutions and in high-demand sectors like finance and consulting earning considerably more.
Companies are eager to offer a substantial salary after MBA, especially if you graduate from a tier-1 business school such as IIMs or ISB. These tier-1 B-schools demand high fees and admit only top scorers in exams like the CAT. However, focusing on honing your leadership and management skills can also lead to a significant salary after MBA, even from other reputed B-schools. The salary after MBA often reflects the quality of education and skill set you acquire. Thus, while tier-1 schools offer impressive salary after MBA opportunities, excelling in any respected institution can still secure a high salary after MBA by developing the right expertise and experience.
Want to learn more check out Chegg India’s Career Options After a Bachelor Degree article and gain valuable insights to grow in your career.
The average pay scale of MBA graduates in India is between INR 8.0 LPA to 12.0 LPA. As you progress in your career and gain more experience, you can expect an annual salary between INR 14- 20 lakhs that can even go up to INR 30-45 LPA.
Marketing Management is the best specialization with the highest MBA salary in India. The average salary that you as a fresher can expect after completing an MBA in Marketing Management is about 5 lakhs per annum. You can choose from various roles like brand manager, marketing manager, and digital marketing manager, to name a few.
Human Resource Management is an excellent career option and sees the highest demand after MBA. Candidates with an MBA in HR Management enjoy starting salaries of INR 3 to 7 LPA. As you gain more experience and step into managerial or leadership roles, you may earn up to INR 18 LPA.
The salary range for finance MBA graduates in India varies depending on factors such as the type of job, the location, the employer, and the candidate’s experience and qualifications. Generally, MBA graduates in finance can expect to earn anywhere from Rs. 8 lakhs to Rs. 16 lakhs per annum. Experienced professionals with a finance MBA may earn up to Rs. 25 lakhs per annum.
An MBA in Finance is considered the highest-paying specialization, with salaries reaching up to INR 21 LPA for experienced professionals.
A good salary after an MBA in India typically ranges from INR 6.30 LPA to 11.20 LPA depending on factors like specialization, location, and the reputation of the institution.
The MBA starting salary per month in India typically ranges from INR 4.50 LPA to 9 LPA (approximately INR 37,500 to 75,000 per month). This can vary based on factors such as specialization, the reputation of the institution, and the job profile.
Generally, CAs tend to earn more than MBAs, especially in the early years of their careers. However, this can vary based on the individual’s job role, company, and location.
Graduates from IIMs can earn an average salary of approximately INR 35.50 LPA. With experience and the right role, the highest salary packages can go up to INR 1.15 Crore per year. The salary varies based on the specialization, industry, and the graduate’s prior work experience, but IIM graduates typically receive competitive pay.
After 5 years of experience, an MBA graduate in India can expect to earn between INR 12 LPA to 25 LPA, depending on their specialization and job role.
To read more related articles, click here.
Got a question on this topic?
Chegg India does not ask for money to offer any opportunity with the company. We request you to be vigilant before sharing your personal and financial information with any third party. Beware of fraudulent activities claiming affiliation with our company and promising monetary rewards or benefits. Chegg India shall not be responsible for any losses resulting from such activities.
Chegg India does not ask for money to offer any opportunity with the company. We request you to be vigilant before sharing your personal and financial information with any third party. Beware of fraudulent activities claiming affiliation with our company and promising monetary rewards or benefits. Chegg India shall not be responsible for any losses resulting from such activities.
© 2024 Chegg Inc. All rights reserved.