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MBA Salary in India- Everything You Need To Know At One Place

Soham RoyUpdated On: May 04, 2022 12:17 pm IST

How much does an average MBA graduate earn while starting out as a newcomer in India? What factors influence MBA starting salary in India? Learn here!

MBA Salary in India

MBA starting salary in India is around INR 22 lakh per annum. It is one of the most lucrative degrees in the world, even more so in India. The popular postgraduate degree program lasts around two years. It is offered by several universities, both in India and overseas. The MBA graduates in India bags big offers in the international market. Before settling for a college, one must determine their area of interest and their desired package. A specialized MBA in India is worth way more than a traditional MBA in terms of annual salary. 

Factors Influencing MBA Starting Salary in India

Candidates can find various factors influencing the MBA starting Salary in India below.

  • Work Experience

Candidates who come with work experience before enrolling in the MBA program retain an edge in the placement process. If you club the experienced and non-experienced employees together as a talent pool, the recruiters always prefer experienced candidates in the same profile, and the annual compensation package differs, with the more experienced candidates earning more. 

  • Specialization 

If we talk about India, there are various specializations that one can do during their MBA tenure. However, there are a few segments that draw better salary packages such as Consulting, Sales & Marketing, and International Business among others. If the 2020-2021 placement reports are to be believed, the Consulting Management, followed by Finance, has drawn the biggest CTCs in the top Indian MBA colleges.  

  • Prestigious B-Schools Remain At The Top 

 The institute from which a candidate has completed his/her graduation remains one of the major factors in India that dictates the annual salary package. The average salary of the IIMs range from INR 8-28 LPA.  

  • Geographical Location 

Apart from the obvious factors like specializations & B-schools, the geographic location in India has a significant impact on income. The organization's location determines the offer and factors such as cost of living & market prices are taken into account. For instance, the package is significantly higher in the cities of Bangalore, Delhi, and Mumbai.

Also Read: Top Companies Recruiting MBA Graduates in India

MBA Starting Salary in India: Specialization-wise Division

MBA graduates in India can check out the starting salary of MBA based on different specializations below.

MBA in Management Consulting

Following are the average salaries for top profiles after MBA in Management Consulting in India.

Profile

Average Salary

Management Consultant

INR 11.78 LPA

Strategy Consulting

INR 13.53 LPA

IT/Technology Consulting

INR 9.79 LPA

Operations Consulting

INR 6 LPA

HR Consulting

INR 5 LPA

Marketing & Sales Consulting

INR 3 LPA

MBA in Finance

Given below is the average salary date for top job profiles after MBA in Finance in India.

Profile

Average Salary

Financial Analyst

INR 3.63 LPA

Corporate Finance

INR 6.10 LPA

Assistant Vice President - Corporate Banking

INR 19.26 LPA

Credit Risk Management

INR 11 LPA

Derivatives Structuring

INR 9.25 LPA

Portfolio Manager

INR 11.35 LPA

Treasury Manager

INR 9 LPA

Also Read:List of MBA Specialisations - Which Course to Choose? Scope, Differences & Top Colleges

MBA in Sales and Marketing

Here are the average salaries of top profiles after an MBA in Sales & Marketing.

Profile

Average Salary

Sales Management

INR 6.09 LPA

Marketing Management

INR 5.97 LPA

Business Development

INR 6.77 LPA

Customer Relationship Management

INR 6.37 LPA

Strategic Management

INR 8.05 LPA

MBA in Business Analytics

Given below are the average salaries of some of the top job profiles after an MBA in Business Analytics in India.

Profile 

Average Salary

Marketing Analyst

INR 4.87 LPA

Data Analyst

INR 4.38 LPA

Marketing Manager

INR 6.85 LPA

Senior Business Analyst

INR 9.94 LPA

Order Processing Manager

INR 4.34 LPA

Business Analyst

INR 5.42 LPA

MBA in Human Resources 

Profile 

Average Salary

HR Manager - Talent Acquisition 

INR 3.5 LPA

HR Manager - Training 

INR 4.6-4.7 LPA

HR Manager - Compliance 

INR 3-4 LPA

HR Professor 

INR 2-3 LPA

MBA in International Business

Candidates opting for an MBA in International Business course can check the average salaries for some of the top profiles given below.

Profile 

Average Salary

Account Manager

INR 3.6-6 LPA

Sales Manager

INR 4.80-12 LPA 

Business Development Manager

INR 4-8 LPA

Marketing Manager

INR 3.6-10 LPA

MBA in Operation Management

Following are the average salaries for some of the job profiles after an MBA in Operations Management.

Profile 

Average Salary

Operations Manager

INR 7.8 LPA

Supply Chain Program Manager 

INR 8.74 LPA

General Operations Manager

INR 12.24 LPA

Business Process Managers

INR 7.79 LPA

Technical Operations Manager

INR 10.17 LPA

Area Operations Manager

INR 6.02 LPA

Plant Manager

INR 16.68 LPA

Also Read: List of IIM Colleges in India 2022: Ranking & Courses Offered

MBA Starting Salary in India: Highest, Average CTC and Top Recruiters

MBA graduates in India join the programme to get placed at the highest packages and in the top companies. Here in the table aspirants can find the highest and average CTC offered to MBA graduates along with the list of top recruiters conducting placement drives in IIMs and top B-schools.

Institute NameHighest CTC (per annum)Average CTC (per annum)Top Recruiters
IIM Ahmedabad (IIM A)INR 55.88 LakhINR 26.13 Lakh

McKinsey & Company, Boston Consulting Group, JP Morgan, AB InBev, Airtel, MasterCard, Avendus, CK Birla, TCS

IIM Bangalore (IIM B)INR 32.1Rs 26.18 Lakh

Amazon, Accenture Strategy, The Boston Consulting Group, Kaerney, Bain & Company, McKinsey & Company, Goldman Sachs

IIM Calcutta

(IIM C)

--

INR 29 Lakh

Accenture Strategy, Bain & Company, PayTM, Microsoft, Deloitte, McKinsey & Company, Gartner, BCG, FinIQ, Goldman Sachs,  Uber, Kearney, P&G, ICICI Bank, Amazon

XLRI JamshedpurINR 50 LakhRs 25.08 Lakh

AT Kearney, ABB, Rabo Bank, Nestle India Limited, Bloomberg, Cadbury India Limited, Tata Administrative Service, Sapient Inc, Olam International, Deloitte, Unit Trust of India

IIM KozhikodeINR 46.88 LakhINR 22.25 Lakh

Amazon, American Express, ACT, Accenture Strategy, Asian Paints, Axis Bank, Bain & Company, Hero, HDFC Bank, Google, Enphase, Cognizant, Bajaj, Bank of America

SPJIMR MumbaiINR 46.45 LakhINR 26.06 Lakh

McKinsey & Company, PwC, EY, Goldman Sachs, Citi, American Express, Asian Paints, Hindustan Unilever, Uber, PayTM, Amazon, Cloudtail, Johnson & Johnson, Mahindra & Mahindra

NMIMS MumbaiINR 38.57 LakhINR 18.33 Lakh

Aditya Birla, L'Oreal, Lowe's, Marico, Mars, Apollo, Asian Paints, Britannia, Casio, Dabur, D'Decor, ITC, Johnson & Johnson, Metro, Pidilite, Raymond

IIFT DelhiINR 46.45 LakhINR 21.08 Lakh 

Bajaj, Cognizant, Birlasoft, Blazeclan, Boston Scientific, bod, Dabur, Federal Bank, IBM, Capgemini, Citi Bank, ETG, Cvent, JSW, L'Oreal, Cremica, Delhivery, Dell, Epik,

IMI DelhiINR 29.75 LakhINR 12.77 Lakh

Aakash Institute, Arcesium, Accenture, Airtel, American Express, Anand Group, Aon, Axis Bank, Dare2Compete, ADP Consulting, Birlasoft, AlmaConnect, BYJU's, Blue Star

The great aspect of enrolling in an MBA program at the top B-schools in India is that students get placed in top-tier companies while still in their last year of study. So far, the MBA & PGDM placement statistics in the past few years have eclipsed all previous records, notwithstanding the surging COVID-19 epidemic. To learn more, stay tuned to our blogs.

Career Scope After MBA

Planning for your career after MBA? Check out the following articles for more information about career scope after MBA in India.

Job Opportunities after MBA in India – Career, Scope, and SalaryGovernment Jobs after MBA: Top Profiles, Important Factors
Planning to Join a Start-up after MBA? Consider these Pros & ConsTop 10 Highest Paying Jobs in the Field of Management in India

For further admission guidance, call on our toll-free number 1800-572-9877 or fill out our Common Application Form

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