MBA Salary in India 2024: Specialization-wise Salary, Freshers Salary, Average & Highest Package

MBA salary in India is increasing year by year as the demand for MBA graduates in the job market increases. The average MBA salary in India 2024 per month ranges from Rs. 70,000 to 12,00,000 lakh, depending on the industry and experience. Top MBA colleges in India like IIMs provide jobs after MBA and salary ranging from 70 lakhs to 1 crore. The qualifications and experience of the candidate are directly proportional to the MBA salary in India per month offered by the company. Read this article to know in detail about the MBA full form salary, jobs after MBA, MBA average package, MBA highest salary in India, etc.

MBA Salary in India

The common question on the internet is: What is the salary of MBA in India per month? The average salary for MBA in India per month is 90,000 to 1 lakh and annual MBA salary in India as per the pay scale, is Rs 7.71 lakhs. The top B-schools in India offer very good placements with high salary packages, and this is one of the reasons why so many students opt for MBA courses every year.

The highest MBA degree salary in India is provided for the MBA specialisation in finance, marketing, general management, business analytics, and entrepreneurship. With industries changing rapidly, the scope for MBA professionals has undergone a radical shift. On average, the highest-paying jobs after MBA in India offer a salary of upto Rs. 32,00,000 per annum, depending on the domain and specialisation chosen by the candidate.

Top Job Sectors after completing MBA

There are numerous job opportunities for MBA graduates in India in various sectors. Before taking MBA admission, candidates should choose specialization for the same as per their interest and career goals. Check out some of the top job sectors after the completion of an MBA in India.

• Banking and Finance: In this sector, jobs are available with banks and are associated with commercial banking, investment analysis, portfolio management, transaction banking liabilities management, and data security.
• Data Analytics: This profile can fetch jobs in the banking, e-commerce, and retail sectors.
• Entrepreneurship: It is one of the most desired streams, that equips the candidate to start their own venture.
• Information system management: Post completion of MBA in Information systems, candidates can get profiles of Cybersecurity Analyst, Data Scientist, Data Analyst, Database etc.

Factors Determining the starting MBA salary in India

• Work Experience: Having work experience prior to joining the MBA course gives an advantage to such candidates at the time of placement. If an experienced or non-experience candidate got a job in the same organization, the MBA salary of a candidate who has prior work experience is superior.
• MBA specialisation opted by the candidate: MBA course is offered under various specializations amongst which popular ones are sales and marketing, consulting, human resources, finance, operations and international business, and IT and Systems. As per previous year placement reports, the highest CTC was offered to those candidates who opted Finance as MBA specializations.
• MBA college: One of the major factors is from which college or B-school he or she has completed their MBA course. The average MBA salary in IIMs stands between Rs 8 LPA to Rs 28 LPA.

Types of MBA and Starting MBA Salary in India

After MBA jobs and salary will differ based on the designation. Check out below the MBA placement salary in India and its type.

Also, Know all about MBA Course

MBA Salary Per Month in India?

Before or while pursuing an MBA programme, students usually search for MBA full form salary per month or in general what is the MBA in hospital management salary per month as per their MBA specialisation. Check out the breakdown of the monthly MBA placement salary for graduates.

Starting MBA Job Salary in India- Specialisation-wise breakup

The types of jobs for which you will be eligible in the future will be determined by your MBA specialisation. So, it is necessary to know the MBA scope and salary. The majority of the students are selected from marketing, followed by the finance specialisation. So, choosing the right MBA specialisation will enhance your resume and the scope of employment and MBA salary in India. Choosing the best MBA specialisation is mandatory, as employers recruit employees based on their specialised skills as well. Check the MBA salary in India stream wise:

MBA Average Salary in India as per specialisation

*- The salaries are quoted as per payscale.com.

MBA Finance Salary in India

An MBA in Finance is one of the most popular options for an individual looking forward to a postgraduate degree. A graduate with a specialisation in Finance will be responsible to analyse the company’s reports, how to maximise the stock values, forecast economic trends, balance risk and profitability, and at last investment portfolio management. Know the average MBA finance salary in India offered to individuals in the finance sector:

Average MBA Finance Salary

MBA in HR Salary in India

As the number of employees increases, so does the requirement for personnel to manage their activities. Due to the cited reason, MBA in HR has gained traction across all verticals. The requirement of an MBA in HR professionals can be seen across all the industry domains and is expected to rise further. Check out the average MBA salary in India for various levels of HR roles:

Average Salary for MBA in HR

MBA in Information Technology Salary in India

Students studying an MBA in Information Technology Management are structured to train and produce managers who can effectively handle the planning, design, selection, implementation, use, and management of current and parallel information and communication technologies. Check out the average MBA degree salary in India for IT profiles:

MBA IT Salary in India

MBA Logistics Management Salary in India

Logistics management is a significant part of supply chain management, which deals with planning, implementing, controlling the flow, storage of goods and services between the point of origin and point of consumption. Know the average MBA salary in India for logistics management profiles:

Salary in MBA Logistics in India

MBA Marketing Salary in India

An MBA in marketing can help you get a job promotion and qualify for management and executive positions in your current company. Since postgraduate business programmes emphasize developing leadership and communication skills, graduates can advance to marketing positions with great ease.

Whether you are interested in sales, business development, media and entertainment, advertisement, brand management, or even general management, these skills form the heart of any senior-level role. Top institutes offering an MBA in marketing are and good MBA placement salary are: IIM Bangalore, IIM Calcutta, IIM Ahmedabad, XLRI Jamshedpur, IMT Ghaziabad, and Indian School of Business Hyderabad. Some of the top recruiters for an MBA in marketing are Vodafone, Amazon, Samsung, Hindustan Unilever, and Flipkart.

Salary in MBA Marketing Management

Also Read:

• BBA Salary in India
• What After MBA

MBA Starting Salary in India

In India as far as the MBA starting salary in India is Rs 24 lakh per annum onwards. Candidates who are pursuing MBA specialization in finance, marketing, data analytics, and HR can expect that much MBA salary in India. Here we have provided the average placement salary of the top B-schools in India.

MBA Salary in India: Experience-wise

MBA salary with experience for graduates is higher than those of freshers. The MBA salary in India as per the experience of individuals is based on an evaluation of average salaries in various fields. Here are the details about MBA salary in India for experienced.

MBA Placement Salary in India

Given below is an average figure for MBA salary in India offered in multiple fields based on the experience level of an individual.

• MBA starting salary in India per month with 1-4 years experience in India: With 1-4 years of experience, the MBA salary in India can reach up to Rs. 4,00,000 per annum and more.
• MBA salary after 5 years in India: The average MBA salary in India after 5 years of experience is somewhere near about Rs. 8,00,000 per annum.
• MBA salary in India after 10 years: The average salary of an MBA graduate with over 10 years of experience in India is Rs. 14,00,000 per annum.

Note- These are just the estimated salary after MBA. The actual figures vary company-wise and by considering other factors too.

MBA Salary for Freshers

Check the MBA salary in India for freshers for various designations from the table below:

Resource Links for Online MBA

• Online MBA
• Online MBA Colleges
• Online MBA Syllabus
• Online MBA Admission

MBA Salary in India: Location-Wise

The range of MBA salary in India is influenced by location, specialisation, market trends and demand. The MBA salary in Indian cities vary from each other to a certain extent. MBA aspirants living in different parts of the country can check the range of highest, lowest and average MBA salary in Indian cities given below.

Location-wise MBA finance salary in India

Location-wise MBA marketing salary in India

Source: in.jooble.org

MBA Salary in India - IIMs and Top B-Schools

Check out the after-MBA salary in India offered by top B-schools and management institutions like IIMs.

Salary After MBA From IIMs

IIM MBA Graduate Salary in India is considered the highest MBA salary of MBA in India. The Indian Institute of Management offers the highest MBA package in India, up to Rs. 1 crore. Check out the MBA highest salary in India offered by IIMs given below:

Quick Links:

• IIM Placements 2024 - Average and Highest Salary Package, Top Recruiters
• About MBA ROI in India
  

MBA Package in India By Top B-Schools

The average placement MBA marketing salaries for some of the top business schools in the country are as follows:

* These are the approximate figures. The actual numbers may vary.

MBA Salary in India at Top Institutes

MBA After Jobs and Salary: Top Skills for High MBA Salary in India

1. Interpersonal skills

Interpersonal skills are, of course, essential for anyone in a leadership role. These can really make the difference between success and failure, be it with clients, peers, or those you’re managing. And let’s not forget, lacking such skills will seriously impede your ability to engage in that all-important networking—no one’s going to share the hottest new opportunity with you if you can’t engage with them.

2. Strategic thinking

Strategic thinking is a cornerstone of the MBA salary; one of the main intended outcomes of the degree has always been to help you move from a functional role to a ‘big picture’ one. Are you able to see the future of an organisation and how it’s going to get there, factoring in the agility to deal with competitors and market forces? If so, you will find yourself much in demand with top MBA employers.

3. Entrepreneurial skills

Entrepreneurial skills are the ability to spot a gap in the market, judgement enough to know whether it’s worth filling, and creativity and technical understanding, if not ability, to do so can be invaluable to a dynamic organisation with designs on growth. And remember, not every example of entrepreneurship needs to change the world.

4. Communication skills

Being able to communicate up, down, and across is essential in any management position. Communication skills are an area in which employers have often found candidates somewhat lacking. Luckily, this is also a skill set that an MBA will help you to foster, with working in diverse groups and all its concomitant challenges playing a significant role in MBA learning.

5. Leadership Skills

A good manager will possess leadership skills to facilitate the carrying out of functional roles by his or her subordinates—not an easy undertaking by any means. However, a good leader will inspire those who work with them and around them, make them feel valued, and give the whole undertaking a sense of direction. Notably, this was the skill surveyed: top MBA employers were most satisfied with the skills MBAs possessed.

Popular Cities Offering the Best Jobs After MBA

The city in which we choose to work plays a major role in our professional life. The cities that offer the best opportunities for an MBA graduate are:

1. Gurgaon, Haryana
2. Bangalore, Karnataka
3. Delhi
4. Pune, Maharashtra
5. Mumbai, Maharashtra
6. Chennai, Tamil Nadu
7. Hyderabad

B-School Accepting CAT Scores - Location-wise

Admissions into MBA programmes

• To take admission into MBA programmes, candidates should have completed their graduation with at least 50 percent marks in total aggregate from a recognized institution.
• Some of the top B-schools also consider the scores of national or state level MBA entrance exam such as CAT, XAT, MAT, and GMAT for MBA admission.
• Top B-schools in India admit students to different MBA programmes such as MBA in marketing, MBA in finance, MBA in entrepreneurship, MBA in business analytics, MBA in IT & Systems, etc.

Conclusion

The above-mentioned salary ranges are not fixed and are variable based on candidates' skills, professional capabilities, and relevant experience.