MBA Salary in India for Freshers & Experienced: Career Scope, Highest Salary

  • By Christy J. Varghese
  • 29 November 2022
MBA Salary in India for Freshers & Experienced

Around two decades ago, an MBA degree would ensure a hefty salary package since not many students were opting for a management degree. However, in today’s times, with every second student opting for an MBA Degree, competition has become fierce, and salaries have become highly competitive.

This article will focus on an MBA Graduate Salary in India. We will also talk about the highest paying MBA specialisations and what salary you can expect as an MBA fresher and experienced professional.

Factors Affecting MBA Salary in India

There are five primary factors affecting the average salary after MBA in India. These are:

  • MBA specialisation – there are many specialisations to choose from, like Finance, Marketing, Operations Management, Human Resources, International Business, Human Resource Management, Event Management, Logistics, etc.
  • Work Experience – relevant work experience can help you get a higher salary compared a non-related work experience
  • Industry – certain industries pay better salaries. Hence, MBAs can expect higher salaries too
  • Institute/ college from which a candidate has passed – the reputation of the institute or college you do the MBA from
  • Designation – salary will also vary based on the designation that you are applying for

Of these, the MBA specialisation plays an important role in determining the MBA starting salary in India per month. Specialisations like Finance, Business Analytics, and Marketing tend to offer the highest-paying jobs after MBA. The minimum salary of an MBA in India is usually around ₹4 lakhs per annum and the highest MBA salary in India can go up to ₹32 lakhs per year based on the specialisation, experience, and industry.

Most Popular MBA Entrance Exams

  • CAT
  • XAT
  • MAT
  • CMAT
  • IIFT
  • SNAP
  • TISSNET MBA
  • IBSAT
  • NMAT

The Average Salary of MBA in India – Top institutions

Here is a quick list of average salary after MBA for some top institutes in India:

  • FMS Delhi – ₹21.1 Lakh
  • MDI Gurgaon – ₹19.17 Lakh
  • XLRI Jamshedpur – ₹20.1 Lakh
  • SPJIMR Mumbai – ₹22.1 Lakh
  • JBIMS Mumbai – ₹18.91 Lakh
  • IIFT Delhi – ₹18.27 Lakh

IIMs are known to offer the highest MBA salary in India to the right candidate. 

Here is a quick look at the MBA packages in India received by IIM students:

Name of IIM

Highest Domestic Annual CTC
(in lakh)

Average Domestic Annual CTC
(in lakh)

IIM Ahmedabad

55.88

26.13

IIM Bangalore

32.10

26.18

IIM Calcutta

--

29

IIM Lucknow

51

26

IIM Kozhikode

46.88

22.50

IIM Indore

41.50

23.60

IIM Shillong

32.00

19.17

IIM Rohtak

22.80

13.74

IIM Ranchi

MBA – 22.37

MBA HR – 26.50

MBA – 15.11

MBA HR – 14.55

IIM Raipur

28.12

15.20

IIM Tiruchirappalli

25.00

14.96

IIM Kashipur

45

13.82

IIM Udaipur

40.00

13.84

IIM Nagpur

19.20

13.12

IIM Visakhapatnam

27

13.08

IIM Bodh Gaya

20

11.20

IIM Amritsar

40

12.61

IIM Sirmaur

26

11.28

IIM Sambalpur

18.92

11.61

IIM Jammu

24.50

10.64

How Work Experience Impacts Salary After MBA?

Experienced MBA candidates will get offered better salaries than freshers. Here is how work experience can impact your salary after MBA:

  • 1-4 years of experience – ₹4 lakhs per annum+
  • 5 years of experience – Around ₹8 lakhs per annum (p.a.)
  • 10 years of experience – Around ₹14 lakhs p.a.

Average MBA Salary Based on the Specialisation

  • MBA Finance – ₹2 to ₹14.7 lakhs
    • Accounting Manager – ₹7 lakhs p.a. average
    • Credit Manager – ₹5.8 lakhs p.a. average
    • Financial Analyst – ₹4.1 lakhs p.a. average
    • Corporate Controller – ₹12.2 lakhs p.a. average
  • MBA Human Resource Management – ₹4.5 to ₹15.5 lakhs
    • Human Resources Manager – ₹7 lakhs p.a. average
    • Senior Human Resource Consultant – ₹11.6 lakhs p.a. average
    • HR Operations Manager – ₹8.7 lakhs p.a. average
    • Employee Relations Manager – ₹7.3 lakhs p.a. average
  • MBA Information Technology – ₹1 to ₹6 lakhs
    • Project Manager – ₹12.44 lakhs p.a. average
    • Business Development Manager – ₹5.98 lakhs p.a. average
    • Marketing Manager – ₹6.9 lakhs p.a. average
    • System Manager – ₹8.8 lakhs p.a. average
  • MBA Logistics Management – Rs 6.2 to ₹8.5 lakhs
    • Logistics Officer – ₹4.36 lakhs p.a. average
    • Logistics Supervisor – ₹2.56 lakhs p.a. average
    • Logistics Manager – ₹6.06 lakhs p.a. average
    • Supply Chain Coordinator – ₹3.97 lakhs p.a. average
  • MBA Marketing Management – ₹14.25 to ₹20.43 lakhs
    • Senior Marketing Manager – ₹13.42 lakhs p.a. average
    • Marketing Manager – ₹6.85 lakhs p.a. average
    • Senior Business Analyst – ₹9.94 lakhs p.a. average
    • Business Development Manager – ₹5.97 lakhs p.a. average
    • Business Development Executive – ₹2.99 lakhs p.a. average
    • Area Sales Manager – ₹6.09 lakhs p.a. average
    • Project Manager – ₹12.63 lakhs p.a. average

Skills that you need to get a high MBA salary in India

  1. Interpersonal skills
  2. Strategic thinking
  3. Entrepreneurial skills
  4. Communication skills
  5. Leadership skills

Which cities offer the best salaries after MBA in India?

  • Gurgaon, Haryana
  • Bangalore, Karnataka
  • Delhi
  • Pune, Maharashtra
  • Mumbai, Maharashtra
  • Chennai, Tamil Nadu

Bottom Line

MBA is an industry-oriented course that offers great placement opportunities. If you get your MBA degree from one of the top colleges in India, you can expect a competitive package in your starting days, which will increase with experience.

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