MBA Salary

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Jul 18, 2024 17:25PM IST

MBA salary in India ranges between INR 7-12 LPA. Graduates from IIMs and other top-tier business schools can expect to start with annual packages ranging from INR 20 LPA to INR 30 LPA or more. Several factors influence MBA salary packages, including technical skills, relevant work experience, the employer, the business school attended, and the chosen area of specialization.

MBA Salary

MBA salary primarily depends on the MBA specialization that one chooses. Finance, Marketing, General Management, Business Analytics, and Entrepreneurship are among the top MBA specializations that often fetch the highest salary after MBA. The highest-paying jobs in India after an MBA offer salaries ranging from INR 4,00,000 to INR 32,00,000 annually.

The starting MBA salary depends on other crucial factors like professional experience, the industry(ies) that the candidate has been associated with, the institute or college from which the candidate has completed their MBA programme, and the designation of the candidate. Notably, the scope for MBA graduates has drastically changed as a result of the rapid transition in industries. 

The top recruiters of MBA course graduates in India include Whirlpool, Deloitte, Infosys, Amazon, Google, and so on. Let us now find out more about MBA salary, from the average salary to top recruiters for MBA graduates. 

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What is Average MBA Salary?

The 2020 Corporate Recruiters Survey by the Graduate Management Admission Council found that MBA holders make 77% more compensation than those with just a regular bachelor's degree. The National Institutional Ranking Framework (NIRF) states that, depending on the ranking of the business school, the average annual MBA salary in India ranges from INR 6,00,000 to INR 23,00,000. 

In India, the starting MBA salary for a professional is between INR 10,00,000 and INR 12,00,000 per year. An MBA graduate in India may expect to make an average starting salary of INR 9,00,000 annually. With time and experience, this figure might increase to INR 16,00,000 annually. Those with substantial experience who have ascended the corporate ladder often become eligible for the highest MBA salary.

Starting MBA Salary in India

The starting MBA salary for various types of courses is as follows:

Types of MBAAverage Annual MBA Salary (in INR)
Regular MBA9,00,000
Distance MBA5,50,000
Online MBA5,00,000
Executive MBA12,00,000
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Institute-wise Salary of MBA Graduates in India

Students seeking MBA admission must note that many top colleges offer exceptional salaries during their placements upon graduation. Given below is a list of IIMs and non-IIMs and the highest and average MBA salary packages offered by them:

MBA Salary at IIMs

Name of the IIMAverage Salary (in INR)Highest Salary (in INR)
IIM Bangalore33.16 LPA80 LPA
IIM Calcutta34 LPA42.5 LPA
IIM Lucknow31 LPA32.20 LPA
IIM Ahmedabad26.13 LPA33.83 LPA
IIM Indore25.01 LPA49 LPA
IIM Kozhikode29.50 LPA61.5 LPA
IIM Shillong23.10 LPA55.22 LPA
IIM Bodh Gaya12.36 LPA30.50 LPA
IIM Raipur17.73 LPA 42.15 LPA
IIM Tiruchirappalli17.01 LPA34.00 LPA
IIM Jammu13.53 LPA32.00 LPA
IIM Visakhapatnam15.06 LPA 31.60 LPA
IIM Amritsar14.63 LPA 25.21 LPA
IIM Udaipur17.50 LPA 35.47 LPA
IIM Rohtak16.06 LPA32.00 LPA
IIM Kashipur15.21 LPA28.82 LPA
IIM Ranchi15.02 LPA 26.50 LPA
IIM Nagpur16.74 LPA31.54 LPA
IIM Sambalpur12.64 LPA30 LPA
IIM Sirmaur12.74 LPA26.50 LPA

MBA Salary at Non-IIMs

Name of the IIMAverage Salary (in INR)Highest Salary (in INR)
IMT Ghaziabad17.35 LPA65.60 LPA
SPJIMR Mumbai30.10 LPA53.16 LPA
K J Somaiya Institute of Management, Mumbai12.23 LPA22.50 LPA
GIM Goa14.30 LPA27.83 LPA
XLRI Jamshedpur32.70 LPA78.20 LPA
FMS Delhi32.40 LPA58.8 LPA
SJMSoM IIT Bombay25.90 LPA54 LPA
IIFT Delhi29.10 LPA46.50 LPA
JBIMS Mumbai27.63 LPA42 LPA
MICA Ahmedabad19.01 LPA57.52 LPA
DMS-IIT Delhi18.50 LPA36.70 LPA
SIBM Pune23.06 LPA45.50 LPA
Great Lakes Chennai18.10 LPA33.26 LPA
FORE New Delhi14.50 LPA23 LPA
XIM Bhubaneswar15.42 LPA26 LPA
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Specialization-wise Salary of MBA Graduates in India

Candidates must choose an MBA specialization field since it enables them to gain more in-depth information about their area of interest. The average compensation and the MBA salary range for various MBA specializations have been provided below:

SpecializationAverage Annual Salary (in INR)Salary Range (in INR)
MBA in Finance7,33,5775,80,000 - 22,00,000
MBA in Marketing7,82,5307,00,000 -25,00,000
MBA in Business Analytics7,00,0006,00,000 - 18,00,000
MBA in Operations Management6,90,0005,00,000 - 8,00,000
MBA in Logistics Management6,60,0002,50,000 - 20,00,000
MBA in Human Resource Management5,23,2535,20,000 - 11,64,000
MBA in International Business7,88,0007,40,000 - 24,20,000 
MBA in Entrepreneurship5,89,0005,00,000 - 20,00,000
MBA in Information Technology12,97,3755,00,000 - 12,97,000
MBA in Digital Marketing5,50,0005,00,000 - 25,00,000
MBA in Consultancy Management11,44,5916,00,000 - 39,00,000
MBA in Event Management4,50,0004,10,000 - 18,50,000
MBA in Hospital Management5,00,0005,00,000 - 20,00,000
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Salary of MBA Graduates in India: Job Role-Wise

Pursuing an MBA enhances one’s interpersonal and communication skills, and makes one eligible to embark upon leadership roles. Given below are the average MBA salary packages that candidates can expect depending on their MBA job position:

Job PositionAverage MBA Salary in India Per Year (in INR)
Financial Analyst5,23,000
Finance Manager10,00,000
Credit Manager5,80,576
Senior Business Analyst10,00,000
Account Manager7,10,360
Marketing Executive2,93,000
Marketing Manager 7,86,000
Senior Marketing Manager10,00,000
Business Analyst5,81,000
Brand Manager51,97,300
Operations Manager3,50,000 - 8,00,000
Supply Chain Program Manager4,50,000 - 12,00,000
HR Manager3,60,000- 10,30,000
Human Resource Head6,00,000 - 13,00,000
Plant Manager16,68,000
Risk Management Director52,50,000
Marketing Sales Director38,00,000
Corporate Auditing Director32,15,638
International Finance Manager20,00,000
Real Estate Development Manager44,48,646
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Job Opportunities after MBA in India

Candidates can become eligible for the following jobs after MBA and grab a handsome MBA salary in India:

MBA SpecializationJob Profiles
MBA in Human Resource Management
  • HR Manager
  • Staffing Director
  • HR Generalist
  • Technical Recruiter
  • Human Resource Head
  • Compensation Manager
  • Employee Relations Manager
  • Human Resource Entrepreneur
  • International HR Professionals
  • Director of HR Training and Development
MBA in Finance
  • Finance Manager
  • Financial Analyst
  • Investment Manager
  • Director of Finance
  • Financial Accountant
  • Chief Financial Officer
  • Investor Relations Manager
  • Certified Public Accountant (CPA)
MBA in Marketing
  • Brand Manager
  • Product Manager
  • Media Manager
  • Marketing Manager
  • Advertising Manager
  • Marketing Executive
  • Digital Marketing Manager 
  • Senior Marketing Manager
MBA in International Business
  • Finance Analyst
  • Research Analyst
  • Logistics Manager
  • Human Resources Manager
  • International Product Manager
  • International Marketing Manager
  • Business Development Manager
  • International Supply Chain Manager
MBA in Operations Management
  • Operations Manager
  • Quality Analyst
  • Quality Manager
  • Plant Manager 
  • Production Analyst
  • Production Manager
  • Industrial Engineer
  • Time Study Analyst
  • Inventory Manager
  • Purchasing Manager
  • Schedule Coordinator
  • Distribution Manager
  • Supply Chain Manager
MBA in Information Technology
  • IT Manager
  • IT Consultant
  • IT Director
  • Digital Leader
  • System Manager
  • Business Analyst
  • Product Manager
  • Analytics Manager
  • Marketing Manager
  • Chief Technology Officer
  • Data Processing Manager
  • Systems Software Manager
  • IT Management Consultant
  • Corporate Strategy Manager
  • Business Development Manager/Executive
MBA in Entrepreneurship
  • Director
  • CEO
  • Business Owner
  • Bank Manager
  • Business Intelligence
  • Business Development Director
  • Senior Product Manager
  • Marketing Research Analyst
  • Management Analyst
  • Finance Controller
  • Humans Resource Manager
  • Development Officer
  • Customer Relationship Manager
  • Client Financial Manager
  • Lead Analyst - Financial
  • Business Analyst (Banking/Finance)
MBA in Digital Marketing
  • PR Manager
  • SEO Manager
  • Media Strategist
  • Brand Manager
  • Account Manager
  • Paid Media Manager
  • Advertising Manager
  • Social Media Manager
  • Client Servicing Manager
  • Digital Marketing Manager
  • Content Marketing Manager
  • Business Development Manager
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Jobs After MBA: Government and Private

Candidates become qualified to apply for jobs both in the government and private sectors after pursuing an MBA in India:

Government Jobs After MBA

Candidates can find various government jobs after MBA in renowned organizations. Here are the top job roles one can find in govt. companies in India.

  • CEO
  • General Managers
  • Specialist Officers
  • Senior Executives
  • Management Trainee
  • Foreign Remittances In-Charge

Private Jobs After MBA

After graduation, students can find jobs in many private organizations in different sectors. Check out the top job profiles one can get while working in private organizations.

  • Marketing Manager
  • Branch Manager (Banking)
  • Research Analyst
  • Operations Manager
  • Credit Manager
  • Chief Technology Officer
  • Health Services Manager
  • Investment Fund Manager
  • Senior Business Analyst
  • Area Sales Manager
  • Human Resources (HR) Manager
  • Business Operations Manager
  • Information Technology Director
  • Business Development Manager
  • Computer and Information Systems Manager
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Top Recruiters for MBA Graduates

Given below is a list of MBA specializations, the top recruiters in those domains, and the recruitment areas:

Top Private Recruiters for MBA Graduates

MBA SpecializationRecruitment AreasTop Recruiters
MBA in Marketing 
  • Competitive Marketing
  • Business Marketing
  • Online Marketing
  • Analytical Marketing
  • Customer Relationship Marketing
  • Advertising Management
  • Product and Brand Management
  • Retailing Management
  • Nestle
  • Amazon
  • Google
  • Facebook
  • Flipkart
  • Apple
  • Adidas
  • Vodafone
  • Xiaomi
  • Samsung
  • Hindustan Unilever
  • Proctor and Gamble
  • Johnson & Johnson
MBA in Digital Marketing
  • Consultant/Assistant Manager- Digital Strategy
  • Manager – Digital & eCommerce
  • Senior Brand Manager
  • Senior Analyst – Digital & eCommerce
  • Assistant Manager - Paid Digital Marketing
  • Brand Manager
  • Marketing Manager
  • Digital Marketing Consultant
  • Flipkart
  • Amazon
  • GoDaddy
  • PayTM
  • SnapDeal
  • Reprise Media
  • iProspect India
  • Social Kinnect
  • Schbang
  • Resultrix
MBA in Finance
  • Corporate Finance
  • Corporate Banking
  • Credit Risk Management
  • Asset Management
  • Hedge Fund Management
  • Private Equity
  • Treasury
  • Sales and Trading
  • EY
  • Accenture
  • HDFC Bank
  • ICICI Bank
  • Goldman Sachs
  • Morgan Stanley
  • JP Morgan
  • KPMG
  • Ernst & Young
  • Bain & Company
MBA in Human Resources Management
  • Recruitment 
  • Training and development 
  • Employee benefits 
  • Coordination with employees
  • Manage Payroll
  • Manage compensation 
  • Policy/Compliance 
  • Reliance
  • KPMG
  • Wipro
  • Infosys
  • PepsiCo
  • L’Oréal
  • Makemytrip
  • Deutsche Bank
  • Larsen & Toubro
  • Aditya Birla Group
MBA in Business Analytics
  • Financial Services
  • Manufacturing
  • Technology
  • Health and Life Science
  • Education
  • Government
  • Communications
  • Energy/Utilities
  • Retail Wholesale


  • HCL
  • KPMG
  • Wipro
  • Google
  • Deloitte
  • Infosys
  • Amazon
  • Reliance
  • Larsen & Toubro
  • Amazon
  • American Express
  • Morgan Stanley
  • McKinsey and Company
  • Reliance Group of Companies
MBA in Entrepreneurship
  • Automobile
  • Digital Media
  • Telecom
  • Agriculture
  • Insurance
  • Information Technology
  • EY
  • DELL
  • BCG
  • JP Morgan
  • Infosys
  • Google
  • Wipro
  • Deloitte
  • Accenture
  • General Electric
  • Bain and Company
  • PricewaterhouseCoopers
MBA in Operations Management
  • Retail
  • Logistics
  • Hospitality
  • Transportation
  • Manufacturing
  • Construction
  • Financial Institutions
  • Management Consulting
  • Information Technology
  • eBay
  • HPE
  • CTS
  • HDFC
  • SBI
  • IBM
  • L & T
  • Blue Dart
  • Amazon
  • Wipro
  • Amazon
  • Flipkart
  • Accenture
  • Maruti Suzuki
MBA in Information Technology
  • IT Governance
  • IT Financial Management
  • IT Service Management
  • IT Configuration Management


  • Infosys
  • Accenture
  • Apple
  • Wipro
  • Disney
  • Microsoft
  • ESPN
  • Nike
  • Tesla
  • LinkedIn
  • Accenture
  • Ernst & Young
  • Procter & Gamble
  • A.T. Kearney
  • Deutsche Bank
  • Credit Suisse
  • IDEO
  • PepsiCo
  • Unilever
  • Johnson & Johnson
  • PricewaterhouseCoopers
MBA in Event Management
  • Hotels
  • Family events
  • IT Companies
  • Banking sector
  • Hospitality division
  • Healthcare department
  • Manufacturing industry
  • Event Management Companies
  • Facility Management Services
  • Product-based companies
  • Government Sectors
  • Educational Institutions
  • IDIB
  • Bajaj Auto
  • Reliance
  • WizCraft
  • Cox and King
  • 360 Degrees
  • Sita Conferences
  • L & T
  • ICICI Bank
  • HDFC Bank
  • Ashok Leyland Ltd
  • Redington India Ltd
  • Tech Mahindra Ltd
  • Tata Motors Ltd
  • Maruti Suzuki India Ltd
MBA in Healthcare Management
  • Hospitals
  • Nursing Homes
  • Telemedicine
  • Cliniques
  • NGOs
  • Health Insurance
  • Medical Equipment and Devices
  • Medicine Industries
  • LifeStyle Clinics
  • Outpatient care centers
  • E-health ventures
  • Medical and Diagnostic Library
  • Star Health
  • Siemens 
  • Portea 
  • Fortis 
  • J&J
  • Practo 
  • Apollo 
  • Abbott 
  • Wipro GE Healthcare
  • WHO
  • Cipla 
  • Cadila Healthcare
  • Glenmark 
  • Max Healthcare
  • Pfizer 
  • Columbia Asia
  • Advanced Healthcare Resources of India

Top Government Recruiters for MBA Graduates

The most eminent government recruiters hiring MBA graduates and offering a high MBA salary have been listed below:

  • BSNL
  • ISRO
  • Coal India
  • Doordarshan
  • Indian Railways
  • Indian Air Force
  • State Bank of India
  • Reserve Bank of India
  • Life Insurance Corporation of India
  • National Payments Corporation of India
  • National Mineral Development Corporation, etc.
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FAQs about MBA Salary

What are the top skills required to become an MBA graduate?

The top skills required to become an MBA graduate include interpersonal and communication skills, strategic thinking and analysis, networking abilities, time-management abilities, decision-making skills, and leadership skills. 

What are the top paying cities for MBA graduates in India?

The highest paying cities for MBA graduates in India are Gurgaon (Haryana), Bangalore (Karnataka), Mumbai (Maharashtra), Delhi, Chennai (Tamil Nadu), and Pune (Maharashtra). The average annual salary packages for MBA graduates in Gurgaon and Bangalore stand at INR 7,50,000 and INR 7,30,000, respectively. 

What are the top paying industries for MBA graduates in India?

The top-paying industries for MBA graduates in India include Corporate Finance, Retailing Management, Brand Management, Marketing Management, Asset Management, Training and Development, Information Technology, Health and Life Science, Healthcare, Logistics, and many more.

How does MBA salary in India change with experience?

MBA salary in India increases with professional experience. An individual with 1 to 4 years of experience earns an average salary of INR 4,00,000 per annum. After 5 years of experience, the annual compensation rises up to INR 8,00,000. After 10 years of working experience, they become eligible for an annual salary package of INR 14,00,000.

What is the highest salary for an MBA graduate in India?

The highest salary for an MBA graduate in India is INR 35,00,000 per annum. Having said that, one must note that the figure shall change every financial year. Further, it would depend on the job role, location, years of experience and so on. 

What is the starting salary for an MBA graduate in India?

The starting salary for an MBA graduate in India is INR 9,00,000-12,00,000 per annum. This will, however, vary from one job role to another and one tends to be offered a higher salary when they have a degree from a reputed business school, have more years of experience or are located in a metro city.

What are the top paying companies that employ MBA graduates?

Some of the top paying companies that employ MBA graduates include Deloitte, Goldman Sachs, McKinsey & Company, Bain & Company, Boston Consulting Group, Whirlpool, Accenture and more. These companies pay salaries ranging from INR 8,00,000 to 20,00,000 per annum. 

What is the monthly salary of an MBA graduate in India?

The monthly salary of an MBA graduate in India is INR 32,500, as per Glassdoor. However, with experience and the job role, the salary may increase to even INR 3,00,000 per month. 

Is MBA a good career?

Yes, MBA is a good career choice. Given today’s competitive global market, every student seeks admission to an MBA course. Any organization, be it small or large, are in dire need of MBA graduates not only for managerial roles but also for other marketing or sales-related job positions. 

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