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

Soham RoyUpdated On: November 23, 2021

How much does an average MBA graduate earn while starting out as a newcomer in India? What factors influence an MBA graduate's annual compensation package? Learn here!

MBA Salary in India

MBA 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 land up big offers in the international market. Before settling for a college, one must determine their area of interest and his/her desired package. A specialized MBA is worth way more than a traditional MBA in terms of annual salary. At the initial stages, an average MBA earns approximately Rs. 4,50,000 per year in India.

What Are The Factors That Influence The Starting Salary Of MBAs In India?

  • Work Experience

Candidates who come with work experience prior to 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 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

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: Executive MBA from IIMs - Check Eligibility, Work Experience, Course Fee Here

Closing Thoughts!

The nicest 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. In the MBA institutes, placements are almost done for the year 2021. By February/March 2021, the IIMs were mostly done with their placements. So far, the MBA & PGDM placement statistics for the year 2021 have eclipsed all previous records, notwithstanding the surging COVID-19 epidemic. To learn more, stay tuned with 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

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Dear Student

Yes, University of Petroleum & Energy Studies (UPES) University, Dehradun offer a 2 years MBA in HR program. The minimum eligibility criteria to get MBA in HR admissions at UPES Dehradun is passing graduation, 10th and 12th examination with at least 50% marks. Besides this, you must have appeared for CAT/ MAT/ XAT/ NMAT entrance exam. In case, you have not appeared for these examinations, you must have appeared for UPES Management Entrance Test (UPESMET). Final selection will be done on the basis of performance in entrance exam/ qualifying degree followed by Personal Interview

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