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

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.