MBA Salary In India: Per Month, Average, Highest, Specialization Wise Salary

MBA Salary In India:

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

MBA Salary in India At Top Institutes 

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.

Also Read : MBA Jobs In India.

Also Read:  Top MBA Entrance Exams in 2022

Also Read:  MBA Admission Process 2022.

What is the MBA Salary for IIM Graduates?

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-

Know More About- MBA Specializations 

Starting MBA Salary: Types of MBA

Related Articles: 

MBA Fresher Salary Vs Experienced Salary

Check also the salary structure of some of the top engineering courses:

Highest MBA Salary In India: Top Colleges

Related Articles:

Online MBA Courses: Eligibility,  Fees, Admission, Colleges, Last Date.

Top MBA Entrance Exam

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 Salary in India – Specialization Wise

Choosing a specialized field is recommended as it helps a student to gain in-depth knowledge related to the area of specific interest.

People Also Read:

1. MBA in Marketing Salary in India

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. 

• The job roles that an MBA in Marketing graduate can be eligible for are business marketing, digital marketing, retail marketing, brand management, product management, and customer relationship management.
• An MBA in marketing covers all aspects of marketing holistically and gives the student an understanding of traditional marketing methods.
• As of 2022, the average MBA in Marketing Salary in India is anything between 7 to 25 lakh per annum. Marketing agencies, FMCG brands, E-commerce brands, retail brands, and entertainment, and financial firms are the main employers. 

Also Read About- Collector Salary

MBA In Marketing Jobs

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.

2. MBA in Digital Marketing Salary in India

Digital marketing is the future of marketing. From small businesses to established brands – everyone is turning to digital marketing especially since the pandemic.

• An MBA in digital marketing will equip you with skills such as SEO, SEM, SMM, brand management, client servicing, email marketing, and many more managerial skills. 
• An MBA in digital marketing is the next big thing. It equips you with the strategy as well as all the technical skills required to be a successful digital marketeer.
• An MBA graduate can expect an average starting salary of INR 5 lakh per annum depending on their job role. And the highest starting salary is INR 10 lakhs per annum. 
• Top Institutes Offering an MBA in Digital Marketing: IIDE, NMIMS & MET

Indian Institute of Digital Education

• IIDE offers the best MBA in Digital Marketing in India. It is an exhaustive 11-month program that offers guaranteed placement assurance with an average CTC of 4+ LPA*. The top recruiters include Reprise Media, iProspect India, Social Kinnect, Schbang, and Resultrix.

3. MBA in Finance Salary in India

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. 

• Top Institutes Offering an MBA in Finance: IIM Calcutta, IIM Bangalore, IIM Ahmedabad, NMIMS Mumbai, XLRI Jamshedpur, and MDI Gurgaon. 
• Goldman Sachs, Morgan Stanley, JP Morgan, KPMG, Ernst & Young, and Bain & Company are some of the top recruiters. 

4. MBA in Human Resources Salary in India

• As organizations increase their size and structure, with this comes the need for qualified HR professionals. The smooth functioning of all HR functions in an organization is absolutely essential. 
• With a growing need for human resource management in every sector, the demand for HR professionals has been on the rise and they can avail good packages.
• An HR professional is needed across industries and the HR employee to company strength ratio has been on the rise with 1.4 full-time HR employees to 100 employees.
• The starting average salary of an MBA in HR graduate is about INR 5,25,000 per annum as of 2022 and the highest starting salary is INR 8 lakhs. 

Top Institutes Offering an MBA in HR: IIM Ranchi, NMIMS Mumbai, XLRI Hyderabad, MDI Gurgaon and Tata Institute of Social Sciences (TISS).

5. MBA in Business Analytics Salary in India

• The conventional job roles with this degree are of a data analyst, business analyst, marketing data analyst, data-mining expert, qualitative analyst, data warehouse, and architecture. 
• The scope of an MBA in Business Analytics is rising and thus, you can take this up to add to your leadership skills.
• The average salary for an MBA graduate in Business Analytics is 6,00,000 per annum whereas the highest is INR 18 LPA. 
• Top Institutes Offering an MBA in Business Analytics: NMIMS Mumbai, ISB Hyderabad, IIM Bangalore, Symbiosis Centre for Information Technology (SCIT) Pune, and Welingkar Institute of Management Mumbai.
• MNC, E-commerce firms, IT companies, financial consultancies, and retail and manufacturing companies are some of the recruiters. Some of the top employers in India include Larsen & Toubro, Amazon, Reliance Group of Companies, American Express, Morgan Stanley, and McKinsey and Company.

6. MBA in Entrepreneurship Salary in India

This degree would help one gain a holistic perspective to run a corporation or a business venture. 

• Job roles consist of managerial positions such as  Chief Executive Officer (CEO), Vice President, Supervisor, Business Consultant, and Executive depending on the level of experience. 
• With an MBA in entrepreneurship, one can think analytically and help with the direct growth of the company. 
• This specialization is perfect for senior managerial roles in fields such as finance, business management, human resources, account management, and many more such areas.
• The demand for an MBA in entrepreneurship has been on the rise with a starting average salary of Rs. 5,00,000 per annum and higher towards 20 LPA depending on work experience.
• Top Institutes Offering an MBA in Entrepreneurship: Symbiosis Institute of Business Management, NMIMS Mumbai, XLRI Jamshedpur, S.P. Jain Institute of Management and Research Mumbai, and IIM Ahmedabad. 
• Some popular recruiters include JP Morgan, Dell, Infosys, Wipro, and Deloitte. 

7. MBA in Operations Management Salary in India

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. 

• With companies beginning to realize the importance of operations management, the scope of an MBA in operations management has been on the rise.
• An Operations Management MBA graduate from a well-renowned management institution earns an average of INR 8,00,000 per annum as of 2022. Freshers can expect an average salary of about Rs. 5 lakh per annum.
• Top Institutes Offering an MBA in Operations Management: IIT Roorkee, IIT Bombay, IIT Chennai and VGSOM Kharagpur. 
• Some of the top recruiters in India are Maruti Suzuki, Blue Dart, Amazon and Wipro.

8. MBA in Information Technology Salary in India

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.

• With the immense growth in the IT sector in India, these roles are always in high demand.
• An entry-level MBA in IT graduate can earn Rs. 5,00,000 p.a. With 1-4 years of experience, an MBA graduate can earn Rs. 577,793 per annum. The average salary for an IT Manager is around 12 lakhs. 
• Top Institutes Offering an MBA in Information Technology: Symbiosis Centre for Information Technology (SCIT) Pune, Jamnalal Bajaj Institute of Management Studies (JBIMS), IMT Ghaziabad, MDI Gurugram, K.J. Somaiya Institute of Management Studies and Research Mumbai.
• Some of the top recruiters in India are Infosys, Accenture, Apple, Wipro, Disney, Microsoft, and ESPN.

9. MBA in Event Management Salary in India

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.

• Top Institutes Offering an MBA in Events Management in India: NMIMS Mumbai, IIFT New Delhi, NID Ahmedabad, and National Institute of Event Management Pune.
• Some of the best recruiters in India include IDIB, Bajaj Auto, Reliance, WizCraft, Sita Conferences, Cox and King, and 360 Degrees.

10. MBA in Healthcare Management Salary in India

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.

• This specialization offers a plethora of job opportunities such as Hospital CEO, Hospital CFO, clinical project manager, hospital administrator, and healthcare finance managers.
• The average salary for an MBA in healthcare management graduate ranges from INR 5 to 12 lakh per annum depending on previous work experience and qualifications. 

• Best Institutes Offering an MBA in Healthcare Management in India: Symbiosis Institute of Health Sciences Pune, Tata Institute of Social Sciences Mumbai, AIMS Institute Bangalore, and Indian Institute of Health Management Research Jaipur 
• Some of the best recruiters in India include Fortis Healthcare Ltd., Reliance, KPMG, Apollo Hospitals, Infosys, AIIMS, Zydus and KPMG.

MBA Starting Salary in India Per Month for Freshers

1. Once you are an MBA graduate, there are a lot of work opportunities that you can apply for. The average MBA starting salary In India with no experience is about Rs. 3,00,000 per annum. With growth and experience, the salary would increase.
2. Freshers are expected to be equipped with good communication, presentation, and decision-making skills apart from complete knowledge of their specialization.

MBA Salary in India based on Experience

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.

1) MBA Salary with 1-4 Years Experience in India

With 1-4 years of experience, the salary can increase up to Rs. 4,00,000 per annum and more.

2) MBA Salary after 5 Years in India

The average salary after 5 years of experience in India is about Rs. 8,00,000  per annum.

3) MBA Salary with 10 Years of Experience in India

The average salary with over 10 years of experience in India is Rs. 14,00,000 per annum.

MBA Starting Salary in India Per Month: Based on Qualifications

Qualifications play a major role in deciding your salary. Here is a list of MBA salaries in India based on qualifications –

5) B.Com + MBA Salary in India Per Month

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.

6) BBA + MBA Salary in India per month

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.

7) CA + MBA Salary in India Per Month

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.

8) Executive MBA Salary in India Per Month

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.