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Home > News & Articles > MBA Salary In India: Per Month, Average, Highest, Specialization Wise Salary
Updated on 26th October, 2023 , 11 min read
Top MBA institutions in India provide job opportunities after the completion of the MBA programme. The college where a student is enrolled determines their MBA placements. MBA salary in India ranges from INR 7,00,000 to INR 12,00,000 per year for various MBA programmes.
The average MBA salary in India in 2021, according to payscale, was INR 7,71,801. MBA is the one of the most well-paid postgraduate courses.
Also Read: Best MBA Specializations with high paying jobs in India.
Also Read: Distance MBA
Also Read: PGDM Course, Full Form, Eligibility, Colleges, Scope
Top institutes offer placement assistance to MBA students with global businesses partnering to hire from their best lot. Hence, MBA Salary in India is highly dependent on the corporate network of the top institutes.
| Top MBA Institutes in India | Average MBA Salary (INR) | Top Recruiters |
|---|---|---|
| Indian Institute of Digital Education (IIDE) | 5.3 LPA | Kinnect, Times of India, Zomato, Tik Tok, One Plus India |
| NIIT University | 4.6 LPA | IBM, Morgan Stanley, Genpact |
| Lovely Professional University | 3.5 LPA | Bosch, Cognizant, Informatica, Capgemini |
| Regional College of Management | 8 LPA | ICICI Bank, Cognizant, Airtel |
| Taxila Business School | 6.5 LPA | Asian Paints, UpGrad, Berger Paints, CoolBoots |
| Symbiosis Institute of Digital and Telecom Management | 10 LPA | Fireworks, MindTree, Times Internet, Wipro Infotech |
Also Read : MBA Jobs In India.
Also Read: Top MBA Entrance Exams in 2022
Also Read: MBA Admission Process 2022.
IIM's always rank among the top MBA universities globally due to their quality of education and technology-driven training. Here's the list of the top IIM's and their average MBA Salary in India-
| IIMs In India | Average MBA Salary (INR) | Top Recruiters |
|---|---|---|
| IIM Ahmedabad | 26.13 LPA | Boston Consulting Group, McKinsey, Tata Consultancy Services |
| IIM Bangalore | 33.16 LPA | Amazon, McKinsey, Microsoft, Paytm, Oyo Rooms |
| IIM Calcutta | 34 LPA | IIFL, Zomato, Nykaa, Amazon |
| IIM Indore | 25.01 LPA | Cipla, Deloitte, Bajaj, Hero, ICICI Bank |
| IIM Shillong | 23 LPA | Adobe, IBM, EY, Salesforce, Pepsico |
| IIM Lucknow | 31 LPA | Myntra, Landmark, African Industries Group |
| IIM Kozhikode | 22.5 LPA | Google, KPMG, Microsoft, EY |
| MBA in Aviation | MBA in Banking and Finance | MBA In Biotechnology | MBA in Business Analytics |
| MBA In Business Management | MBA In Data Science | MBA In Entrepreneurship | MBA In Event Management |
| MBA In Hospital Management | MBA In HR | MBA In International Business | MBA In IT |
| MBA In Operations Management | MBA In Project Management | MBA In Supply Chain Management | MBA In Digital Marketing |
| Types of MBA | Salary |
| Regular MBA | INR 2.7 LPA |
| Distance MBA | INR 3.5 LPA |
| Online MBA | INR 5 LPA |
| Executive MBA | INR 4 LPA |
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| MBA Profile | Fresher's salary in INR | Experienced Salary in INR |
| Supply chain manager | 3,42,752 p.a | 11,98,483 p.a |
| Operations manager | 3,71,015 p.a | 9,97,945 p.a |
| HR manager | 3,69,454 p.a | 10,14,633 p.a |
| Marketing Manager | 4,13,682 p.a | 9,13,232 p.a |
| General manager | 6,00,000 p.a | 26,16,370 p.a |
Check also the salary structure of some of the top engineering courses:
| Software Engineering Salary in India | Mechanical Engineering Salary in India | Petroleum Engineering Salary in India |
| Name of Institutes | Highest Package(LPA) |
|---|---|
| IMI Delhi | INR 20.75 LPA |
| NMIMS Mumbai | INR 30.60 LPA |
| IIFT Delhi | INR 78 LPA |
| IIM Kozhikode | INR 30.60 LPA |
| SPJIMR Mumbai | INR 63 LPA |
| IIM Ahmedabad | INR 72 LPA |
| XLRI Jamshedpur | INR 43 LPA |
| IIM Bangalore | INR 65 LPA |
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Online MBA Courses: Eligibility, Fees, Admission, Colleges, Last Date.
There are various MBA Entrance exams conducted throughout the year from CAT, XAT, MAT, NMAT,GMAT to SNAP etc. Top MBA colleges in India select candidates based on these Entrance exams score. We will recommend you to go through the details of these MBA Entrance exams to get a good picture of mba eligibility criteria along with the mba fees and cut-offs and prepare accordingly.
| MBA Entrance Exam 2022 | Application Form Starting Date | Application form Last date | Application Form Link 2022 |
| CAT | 3rd August 2022 | 21st Sept,2022 | CAT application Form 2022 |
| XAT | 10th August 2022 | 30th Nov, 2022 | XAT application form |
| MAT | 10th August | 13th Sept, 2022 | MAT application form |
| NMAT | 1st August 2022 | 10th Oct, 2022 | NMAT application form |
| CMAT | 15th November 2022 | 15th Jan, 2023 | CMAT application form |
| MICAT | To be Announced | To be Announced | MICAT application form |
| TISS | 17th November 2022 | 21 Jan, 2023 | TISS application form |
| GMAT | 3rd January 2022 | Open | GMAT application form |
| IIFT | 18th September 2022 | 5th Nov, 2022 | IIFT application form |
Choosing a specialized field is recommended as it helps a student to gain in-depth knowledge related to the area of specific interest.
| MBA Specializations List | Average Salary (LPA) | Range |
|---|---|---|
| MBA in Marketing | INR 7,82,000 | 7L-25L |
| MBA in Digital Marketing | INR 5,50,000 | 5L-25L |
| MBA in Finance | INR 7,30,000 | 7L-22L |
| MBA in HR | INR 5,20,000 | 5L-8L |
| MBA in Business Analytics | INR 5,40,000 | 5L-18L |
| MBA in Entrepreneurship | INR 5,50,000 | 5L-20L |
| MBA in Operations | INR 7,60,000 | 5L-10L |
| MBA in IT | INR 5,77,000 | 5L-12L |
| MBA in Event Management | INR 6,00,000 | 2L-18L |
| MBA in Healthcare | INR 6,00,000 | 5L-12L |
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MBA in marketing can help an individual to accelerate their interpersonal and communication skills, help them think out of the box, and enhance their leadership skills.
Also Read About- Collector Salary
| MBA In Marketing Jobs | MBA in Marketing Salary In India |
| Marketing Manager | INR 9.26 LPA |
| Business Development Manager | INR 7.16 LPA |
| Area Sales Manager | INR 8.74 LPA |
Top Institutes Offering an MBA in Marketing: IIM Calcutta, IIM Bangalore, IIM Ahmedabad, Indian School of Business Hyderabad, XLRI Jamshedpur, and IMT Ghaziabad.
Some of the top recruiters for MBA in marketing graduates include Amazon, Vodafone, Hindustan Unilever, Samsung, and Flipkart.
Digital marketing is the future of marketing. From small businesses to established brands – everyone is turning to digital marketing especially since the pandemic.
Indian Institute of Digital Education
An MBA in Finance is one of the most in-demand MBA courses in India. An MBA in finance is a popular option as it brings with it a number of opportunities to students in the business and finance sector and helps them climb up the ladder.
The average MBA in Finance Salary in India is INR 7.5 lakh per annum and the highest placement has been INR 22 lakh per annum in 2022.
MBA In Finance Jobs | MBA in Finance Salary In India |
| Finance Analyst | INR 5.07 LPA |
| Finance Manager | INR 10 LPA |
| Senior Business Analyst | INR 10 LPA |
MBA In HR Jobs | MBA in HR Salary In India |
| Human Resource Manager | INR 7.55 LPA |
| Human Resource Generalist | INR 3.83 LPA |
| Human Resource General Partner | INR 8.43 LPA |
Top Institutes Offering an MBA in HR: IIM Ranchi, NMIMS Mumbai, XLRI Hyderabad, MDI Gurgaon and Tata Institute of Social Sciences (TISS).
This degree would help one gain a holistic perspective to run a corporation or a business venture.
The job roles for this type of degree include operations manager, business analyst, assistant manager, general operations manager, and project manager. The need for this position can be in any sector from retail, automobile, and IT to hospitality.
The job roles for a graduate with an MBA in IT include information system managers, information technology directors, IT software project managers, and program managers.
The job roles for an MBA in event management graduate include events manager, client servicing executive, area events manager, public relations officer, events marketing manager and trade manager. It equips the candidate with know-how and skills pertaining to large-scale events.
According to a person's work experience and skills, the average salary of a graduate can range from Rs. 1.5 lakh per annum to Rs 18.5 lakh per annum.
MBA In Event Management Jobs | MBA in Event Management Salary In India |
| General Events Organizer | INR 2.96 LPA |
| Client Service Executive | INR 2.84 LPA |
| Project Management Director | INR 25.47 LPA |
| Accounts Executive | INR 2.77 LPA |
| Technical Events Manager | INR 2.69 LPA |
MBA in healthcare management or MBA in hospital management has gained popularity in recent years. Some top institutes have a prerequisite of holding an MBBS degree.
MBA In Hospital Management Jobs | MBA in Healthcare Salary In India |
| Hospital CEO | INR 12 LPA |
| Hospital CFO | INR 9 LPA |
| Assistant Operations Manager | INR 6 LPA |
For those MBA graduates who have some amount of work experience, the expected salary is higher than freshers. Here's the list of MBA Salary in India based on experience.
With 1-4 years of experience, the salary can increase up to Rs. 4,00,000 per annum and more.
The average salary after 5 years of experience in India is about Rs. 8,00,000 per annum.
The average salary with over 10 years of experience in India is Rs. 14,00,000 per annum.
Qualifications play a major role in deciding your salary. Here is a list of MBA salaries in India based on qualifications –
The average salary per annum for a fresh MBA graduate is 7.25 lakh Rs. It is recommended to gain work experience of at least 2-3 years after B.com and get hands-on knowledge on the job and then pursue an MBA.
BBA has considered a very lucrative degree and an MBA and it adds value to your resume. If one pursues a BBA from a reputed IIM institute or NMIMS Mumbai, then one should expect 18,00,000 per annum.
With an MBA degree after pursuing CA under your belt, you can definitely climb the corporate ladder fast. Both degrees help enhance analytical skills. With an MBA, your leadership skills are polished as well. A well-experienced CA+ MBA graduate would earn around 20-25 lakh per annum.
Also Read About: CA Salary In India.
The average salary of a graduate with an Executive MBA would be 2.5 – 8 lakh per annum largely depending upon previous work experience and the institute.
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MBA Salary In India: Per Month, Average, Highest, Specialization Wise Salary
By - Mayank Mishra 2023-10-26 09:12:09 , 11 min read
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