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 MBA is an important part of your decision-making process.
This article explores MBA salary trends in India, highlighting key factors like industry, specialization, and work experience that influence earnings. Graduating from a top-tier college often leads to higher salaries, while previous experience and industry choice also play significant roles. We’ll also look at high-paying industries for MBA graduates, including consulting, finance, and technology. By understanding these trends, you can make informed decisions about your MBA specialization and 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, such as 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.
Project managers are responsible for executing the entire project. Top IT firms hire them, 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. 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, and candidates can earn a good salary. On average, they can make up to INR 10 LPA, extending 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 specialization. For example:
Marketing managers earn decent salaries. Their average salary ranges from INR 2.4 to 7.4 LPA; the highest salary can reach up to INR 23 LPA.
The salary of a business development manager in India can range from INR 2.5 to 5.3 LPA, with the highest salary being INR 15 LPA.
Financial analysts are a good stream in which MBA graduates can earn a good salary. The average salary can start from INR 4 LPA 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 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 involves finding solutions to business problems and implementing them. The salary range for an MBA in business analytics is between INR 3 and 7 LPA, with the highest possible salary of INR 15 LPA.
It is one of the top managerial positions in the firm, which exposes him to earning a good salary. The Operations Manager’s average wage in India ranges from INR 3 to 7.5 LPA, with the highest salary around INR 18.6 LPA.
The salary of a Data Analyst ranges from INR 1.9 to 4.4 LPA. With more experience, it 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, the demand for digital marketers has increased. They can earn an average salary between INR 3.1 and 7 LPA, with the highest salary 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; 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 MBA. Here are some of the most important ones:
The college or university where you earn your MBA plays a massive role in determining your salary. Graduates from top institutions such as the Indian Institutes of Management (IIMs), XLRI, and SP Jain typically earn higher wages than 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 significantly influences 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 salaries after MBA, whereas sectors like Marketing and Retail usually offer comparatively lower wages. However, depending on the position and location, these roles can still be lucrative.
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.
An important aspect of understanding salary after MBA is knowing how your salary progresses. 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, your salary will 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 in salary after MBA:
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 the United Kingdom are significantly higher, but the cost of living is also much higher.
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 their 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 an MBA. Graduates from finance and consulting programs often see impressive salaries after an MBA, reflecting their expertise and the value they bring to organizations. Focusing on finance or consulting can lead to a rewarding salary after MBA.
Today, brands are working immensely on their marketing strategy. We see innovative marketing campaigns by brands every day to help them stand out among their audiences. Therefore, every brand wants skilled professionals to handle its marketing strategy.
MBA in Marketing focuses on consumer behavior, market research processes, marketing tools and techniques, digital and traditional advertising, and sales management. MBA in marketing has a broad scope and a good MBA salary.
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 competitive salaries after an MBA in finance, making it a highly rewarding field.
Financial and banking experts are responsible for an organization’s financial management. 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:
The salary for an MBA in Finance is good for 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 125 K. The highest MBA salary in finance can go up to INR 50 LPA.
Read More:- 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 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.
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, so companies hire 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.
A bachelor’s degree in any stream, with a 55% aggregate score.
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. Pursuing an MBA opens doors to many career paths and a substantial salary after MBA.
A fresher with an MBA in Operations Management can earn between INR 4 to 10 LPA salary after 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 IT salary after MBA. The salary after MBA in HR is generally good because of the crucial role HR plays in organizations. If you choose HR as a specialization, you can enjoy a substantial salary after MBA and many growth opportunities.
Human resource professionals are in high demand across various industries and domains, such as 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 studies 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 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 a handsome salary after an MBA.
An MBA in entrepreneurship helps you develop a business-focused mindset, which many companies highly value. 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.
The average salary after an MBA in Entrepreneurship is INR 10 LPA. MBAs in Entrepreneurship offer 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.
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 than pre-MBA earnings, with graduates often landing roles in management or consulting. Additionally, an MBA program equips individuals with the knowledge to start their businesses or advance in their current careers.
Following are some of the benefits of the MBA Program –
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, honing your leadership and management skills can help you earn a significant salary after an 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.
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 salary after MBA in India. The average salary you as a fresher can expect after completing an MBA in Marketing Management is about 5 lakhs annually. 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 with 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.
An MBA in Finance is considered the highest-paying specialization, with salaries reaching up to INR 21 LPA for experienced professionals.
The starting salary after MBA per month in India typically ranges from INR 4.50 LPA to 9 LPA (approximately INR 37,500 to 75,000 monthly). This can vary based on factors such as specialization, the reputation of the institution, and the job profile.
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.
The full form of MBA is Master of Business Administration. It is a graduate-level degree focused on developing business management, leadership, and entrepreneurship skills.
After completing an MBA in India, the salary can vary significantly depending on factors such as the institution, specialization, experience, and location. On average, fresh MBA graduates can expect a salary ranging from ₹50,000 to ₹1,00,000 per month. However, graduates from prestigious institutions like IIMs often earn much higher, with average annual salaries between ₹35-40 lakh. In exceptional cases, top graduates can secure packages as high as ₹1 crore per year.
Authored by, Amay Mathur | Senior Editor
Amay Mathur is a business news reporter at Chegg.com. He previously worked for PCMag, Business Insider, The Messenger, and ZDNET as a reporter and copyeditor. His areas of coverage encompass tech, business, strategy, finance, and even space. He is a Columbia University graduate.
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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.