Confused about your exam or college applications?
Be the First to Know
Get Access to Latest Updates
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.
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.
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.
|INR 11.78 LPA|
INR 13.53 LPA
INR 9.79 LPA
INR 6 LPA
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.
INR 3.63 LPA
INR 6.10 LPA
Assistant Vice President - Corporate Banking
INR 19.26 LPA
Credit Risk Management
INR 11 LPA
INR 9.25 LPA
INR 11.35 LPA
INR 9 LPA
MBA in Sales and Marketing
Here are the average salaries of top profiles after an MBA in Sales & Marketing.
INR 6.09 LPA
INR 5.97 LPA
INR 6.77 LPA
Customer Relationship Management
INR 6.37 LPA
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.
INR 4.87 LPA
INR 4.38 LPA
INR 6.85 LPA
Senior Business Analyst
INR 9.94 LPA
Order Processing Manager
INR 4.34 LPA
INR 5.42 LPA
MBA in Human Resources
HR Manager - Talent Acquisition
INR 3.5 LPA
HR Manager - Training
INR 4.6-4.7 LPA
HR Manager - Compliance
INR 3-4 LPA
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.
INR 3.6-6 LPA
INR 4.80-12 LPA
Business Development Manager
INR 4-8 LPA
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.
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
INR 16.68 LPA
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 Name||Highest CTC (per annum)||Average CTC (per annum)||Top Recruiters|
|IIM Ahmedabad (IIM A)||INR 55.88 Lakh||INR 26.13 Lakh|
McKinsey & Company, Boston Consulting Group, JP Morgan, AB InBev, Airtel, MasterCard, Avendus, CK Birla, TCS
|IIM Bangalore (IIM B)||INR 32.1||Rs 26.18 Lakh|
Amazon, Accenture Strategy, The Boston Consulting Group, Kaerney, Bain & Company, McKinsey & Company, Goldman Sachs
|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 Jamshedpur||INR 50 Lakh||Rs 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 Kozhikode||INR 46.88 Lakh||INR 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 Mumbai||INR 46.45 Lakh||INR 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 Mumbai||INR 38.57 Lakh||INR 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 Delhi||INR 46.45 Lakh||INR 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 Delhi||INR 29.75 Lakh||INR 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 Salary||Government Jobs after MBA: Top Profiles, Important Factors|
|Planning to Join a Start-up after MBA? Consider these Pros & Cons||Top 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.