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

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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


  • The Common Admission Test (CAT) is one of the known examinations accepted among top management universities, especially IIMs. 
  • It is a computer-based test and is generally divided into three sections: Verbal Ability and Reading Comprehension, Data Interpretation and Logical Reasoning, and Quantitative Ability. 
  • The examination has a negative marking scheme, with every incorrect answer -1 is deducted, and for every correct answer, 3 marks are added.


  • Xavier Aptitude Test (XAT) is the management entrance test for MBA/PGDM, conducted by XLRI, Jamshedpur. 
  • The 100 Multiple Choice Questions (MCQs) on the XAT test are divided into three parts:
    • Part 1: decision-making, verbal and logical reasoning, quantitative ability, and data interpretation,
    • Part 2: Mock Keyboard testing, and Part 3: general knowledge and essay writing. 
  • Part 1 has 0.25 negative markings for incorrect answers except for Parts 2 & 3. 
  • Around, 1000 B-schools accept the XAT scores, in addition to XLRI. 


  • Management Aptitude test (MAT), as the name suggests, is an aptitude test regulated by the All India Management Association, and is conducted four times a year. 
  • The MAT exam is divided into five sections and has -0.25 for incorrect answers and +1 for correct answers.


  • Common Management Admission Test (CMAT) is a national-level examination conducted by the National Testing Agency (NAT), for admission to all management courses.
  • CMAT test is divided into five parts with a total number of 100 questions. 
  • Each question carries 4 marks, and each incorrect answer results in -1


  • Indian Institute of Foreign Trade (IIFT) is the entrance examination for the prestigious MBA programs in India. 
  • IIFT scores are acceptable only for IIFT campuses, Delhi and Kolkata. 
  • IIFT exams has four sections in which for the first three sections -1 is deducted for wrong answers and 3 for correct answers. 
  • In the last section, -0.5 is for incorrect answers and 1.5 marks are added to correct answers.


  • Symbiosis National Aptitude Test (SNAP) is conducted for admission to Symbiosis Internation University. 
  • Earlier SNAP test was divided into four sections but for the year 2022, the current affairs section was removed hence resulting in only three sections.
  • As per the revised scheme, 1 mark is allotted for every correct answer and 0.25 is deducted for incorrect answers.


  • Tata Institute of Social Science (TISS) conducts a national entry test, TISSNET, for its MBA courses. 
  • TISSNET exam is divided into three sections and doesn’t have any negative marking scheme.


  • IBS Aptitude Test (IBSAT) is the examination conducted by ICFAI Foundation for Higher Education. 
  • IBSAT exam score is accepted by nine IFCAI Business schools. 
  • The test is divided into four sections with no negative marking.


  • NMIMS Management Aptitude Test (NMAT Exam) is conducted by the Graduate Management Admission Council (GMAC) for admission to management courses in top universities. 
  • NMAT test has three sections with no negative marking.

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:

College Name

Average Salary Package (INR)

Faculty of Management Studies- University of Delhi

₹21.1 Lakh

Management Development Institute- Gurgaon

₹19.17 Lakh

Xavier School of Management (XLRI)- Jamshedpur

₹20.1 Lakh

S.P. Jain Institute of Management and Research- Mumbai

₹22.1 Lakh

Jamnalal Bajaj Institute of Management Studies- Mumbai

₹18.91 Lakh

Indian Institute of Foreign Trade- 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



IIM Bangalore



IIM Calcutta



IIM Lucknow



IIM Kozhikode



IIM Indore



IIM Shillong



IIM Rohtak



IIM Ranchi

MBA – 22.37

MBA HR – 26.50

MBA – 15.11

MBA HR – 14.55

IIM Raipur



IIM Tiruchirappalli



IIM Kashipur



IIM Udaipur



IIM Nagpur



IIM Visakhapatnam



IIM Bodh Gaya



IIM Amritsar



IIM Sirmaur



IIM Sambalpur



IIM Jammu



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:

Experience (in years)

Average Salary (INR)

1-4 years

₹4 lakhs per annum+

5 years

₹8 lakhs per annum

10 years

₹14 lakhs per annum

Average MBA Salary Based on the Specialisation

1. MBA in Finance

The MBA in Finance provides in-depth knowledge of management roles in finance, such as financial products, stocks, and systems of money. Below are the few job positions with their average salary one can apply for after the completion of the course:

Job Position

Average Salary (INR)

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

2. MBA in Human Resource Management

MBA in HR is greatly beneficial to those who have good communication skills.Since students can choose from a variety of courses after getting an MBA in HR, there are numerous opportunities after this degree.  Below are the few job positions with their average salary one can apply for after the completion of the course

Job Position

Average Salary (INR)

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

3. MBA in Information Technology

The main focus of the MBA in Information Technology course is to combine business strategies with existing concepts in project management, information security, and telecommunications. This course's applications are not limited to the IT industry., hence allowing students to choose any field as per their choice. Below are the few job positions with their average salary one can apply for after the completion of the course 

Job Position

Average Salary (INR)

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

4. MBA in Logistics Management

MBA in Logistics Management course is created to prepare qualified people to enter the field of industrial supply & chain management as managers in the future. Students receive training on how to handle issues like service level and quality management, customer requirements and supply side innovation, business value scope and scale, etc. Below are the few job positions with their average salary one can apply for after the completion of the course: 

Job Position

Average Salary (INR)

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

₹8.8 lakhs p.a. average

5. MBA in Marketing Management

This MBA in Marketing Management program is one of the first MBA programs offered. It is also one of the most well-liked academic fields. It largely focuses on areas like product management, executive and leadership qualities, sales, and marketing. Below are the few job positions with their average salary one can apply for after the completion of the course:

Job Position

Average Salary (INR)

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- This is one of the social skills that a person uses every day while interacting with others. A person needs to develop good listening and speaking skills in order to master interpersonal skills. People with good interpersonal abilities usually work well in both formal and informal settings

2. Strategic Thinking: It is a systematic and logical thought process that concentrates on the analysis of key elements and variables that will affect the long-term performance of a company, a group of people, or an individual.

3. Entrepreneurial Skills: These entrepreneurial skills are necessary for creating opportunities, growth in business, and competition. The person needs to be optimistic, initiative, and risk tolerance to develop such skills.

4. Communication Skills: This skill plays an important role during the exchange of information or ideas. One can understand others and be understood by them with good communication skills. For effective communication skills, one should be a good listener.

5. Leadership Skills: This skill is one of the important skills for anyone to have. Effective leaders are able to motivate their team, handle and assign work, listen to feedback, and solve issues in a workplace that is constantly changing.

Which cities offer the best salaries after MBA in India?

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

Top MBA Colleges by Location

Top MBA Colleges in Ahmedabad Top MBA Colleges in Andhra Pradesh
Top MBA Colleges in Bangalore Top MBA Colleges in Bhopal
Top MBA Colleges in Chennai Top MBA Colleges in Coimbatore
Top MBA Colleges in Delhi NCR Top MBA Colleges in Gurgaon
Top MBA Colleges in Hyderabad Top MBA Colleges in Indore
Top MBA Colleges in Jaipur Top MBA Colleges in Karnataka
Top MBA Colleges in Kerala Top MBA Colleges in Kolkata
Top MBA Colleges in Lucknow Top MBA Colleges in Maharashtra
Top MBA Colleges in Mumbai Top MBA Colleges in Noida
Top MBA Colleges in Patna Top MBA Colleges in Pune
Top MBA Colleges in Tamil Nadu Top MBA Colleges in India

Bottom Line

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

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