MBA Salary In India can range up to Rs 32 Lacs. Various factors are considered when increment of MBA salary, such as work experience, skills and more.
MBA Salary in India can range up to Rs 32 Lacs after completing the course in any management college. Many people aspire to pursue MBA because it ensures a decent job with compromising pay and assures a management department's career.
Table of Content
- MBA Salary in India after Graduation
- List of Highest Paying MBA Specializations
- List of Job Roles for MBA Graduates
- Why are MBA Graduates Preferred?
- Top Skills Required in MBA
MBA Salary in India after Graduation
The MBA graduates are in great demand across the different sectors; the MBA graduates are mostly preferred when any company undergoes recruitment because of the skills and abilities that the MBA graduates have developed throughout the program. MBA Salary in India depend on their field of expertise, experience, and qualification.
MBA Salary Based on Specializations
Below is a table that has MBA Salary in India figures based on MBA specializations:
| MBA Specialization | Average Salary (Rs) |
| MBA Finance | 2 - 14.70 LPA |
| MBA Human Resource Management | 4.50 - 15.50 LPA |
| MBA Information Technology | 10K - 6 LPA |
| MBA Logistics Management | 6.25 - 8.50 LPA |
| MBA Marketing Management | 14.25 - 20.43 LPA |
MBA Salary Based on Job Roles
The table below contains the details on MBA salary based on job roles:
| Job Roles | Average Salary (Rs) |
|---|---|
| Project Manager | 19-20 LPA |
| Business Development Manager | 5-15 LPA |
| Marketing Manager | 6-10 LPA |
| SAP Consultant | 2-10 LPA |
| Business Analyst | 5-11 LPA |
| Human resource manager | 3-5 LPA |
| Financial analyst | 4-10 LPA |
MBA Salary in India in IIM Colleges
The highest MBA Salary in India in IIM colleges has been provided below for candidates. Candidates may refer to the table below to check out the salary ranges for top 10 IIMs.
| College | MBA Salary in India (Highest) |
| IIM Calcutta | 42.50 LPA |
| IIM Kozhikode | 61 LPA |
| IIM Bangalore | 32 LPA |
| IIM Ahmedabad | 75 LPA |
| IIM Indore | 70 LPA |
| IIM Lucknow | 61.60 LPA |
| IIM Raipur | 42.15 |
| IIM Tiruchirappalli | 34 LPA |
| IIM Udaipur | 40 LPA |
| IIM Ranchi | 67 LPA |
MBA Salary in India in Top MBA Colleges
Candidates may refer to the table below to check out the average and highest MBA salary in India in top MBA colleges.
| Name of Institutes | Average Package (Rs) | Highest Package (Rs) |
|---|---|---|
| IMI Delhi | 15 LPA | 25.75 LPA |
| NMIMS Mumbai | 26 LPA | 67.60 LPA |
| IIFT Delhi | 18.27 LPA | 78 LPA |
| SPJIMR Mumbai | 22 LPA | 63 LPA |
| XLRI Jamshedpur | 20 LPA | 43 LPA |
List of Highest Paying MBA Specializations
There are many specializations under the MBA, such as marketing, banking, human resources management, production management, etc. Let's see how the MBA salary in India varies according to the MBA specialization and which MBA course has the highest salary. The provided information also consists of the job description available for the particular stream of MBA along with its salary. The list contains the salary for the following branches.
MBA Banking and Finance
The MBA Banking and Finance Graduates are offered lucrative jobs in various sectors like Corporate Finance, Credit Risk Management, Corporate Banking, Hedge Fund Management, Private Equity, Treasury, Sales, and Trading. The average salary of an MBA in Banking and Finance in India is Rs 6.75lpa. The salary increases with growing experience and knowledge.
Read More: MBA Banking and Finance
MBA International Business
An MBA in International business can open up significant pathways in India and Abroad. MBA International Business course gives students an edge as the course familiarises you with global market demands and business trends. According to payscale, an average MBA in International business candidate salary is Rs 7.88 LPA.
Read More: MBA International Business
MBA Operations Management
Graduates with specialization in Operations Management are usually offered jobs in product/service-based sectors: logistics, Hospitality, Transportation, Manufacturing, Management Consulting, etc. The average salary of an MBA in Operations Management is around Rs 8.02lpa.
Read More: MBA Operations Management
MBA Human Resource Management
With recent developments, HR professionals' job has gained increasing traction across all industry sectors for an MBA in Human Resource Management. Hence, HR Management professionals can find a plethora of opportunities in IT companies, retail companies, law firms, advertising firms, media houses, etc. MBA HR candidates earn around Rs. 6.03lpa. The average yearly salary of MBA HR Manager Rs. 7.56lpa and Senior HR Manager's salary is close to Rs. 10lpa
Read More: MBA Human Resource Management
MBA Marketing
An MBA in Marketing graduates is the most preferred and popular among companies. MBA Marketing graduates are offered in sectors like Competitive Marketing, Business Marketing, Online Marketing, Analytical Marketing, Customer Relationship Marketing, etc. According to payscale, an MBA in Marketing graduate's average salary is around Rs. 7.52lpa.
Read More: MBA Marketing
List of Job Roles for MBA Graduates
The list below contains the Job Roles for MBA Graduates:
Project Manager
The graduates can qualify as Project Manager after the completion of MBA under the Project Management or Operations Management stream. It holds the highest responsibility of taking care of an entire project, the product involved, and the employees' work. The job roles require a person who can bestow good strategies to solve the projects' problem. The project should be completed successfully within the time limit and the resources provided. The average salary is Rs 12 LPA.
HR Manager
Almost all the companies employ HR Managers as human resource is the backbone of any organization, and one should value it the most. These managers' prime duty is to deal with the company's employees and tend to their needs. The job description of the managers includes employing efficient workers and deciding the pay. They are also supposed to organize training programs and engage specific provisions to benefit the workeRs The average salary is Rs 6,2 LPA.
Marketing Manager
Marketing teams are crucial for any company to create awareness about the products and offers available in their company. The marketing team takes the organization to the stage with other competitoRs The Marketing Manager is the one to organize the work, and the team does the campaigns. The manager is supposed to bring up new ideas to market their product with innovative campaigns. Marketing Managers are people with creative minds. The average salary is Rs 6.9 LPA.
Senior Business Analyst
The senior officials in the management departments of any business should sustain their reputation or create particular importance among the clients. These senior analysts analyze the organization's work in general and provide innovative ideas to take the business to the next level. They are also responsible for undertaking the competitor analysis and stay a step ahead of them. The average pay is around Rs 9.8 LPA.
The top companies recruiting MBA graduates in India Accenture, Infosys Limited, EY (Ernst & Young), HDFC Bank Pvt Ltd, HCL Technologies Ltd, Amazon.com Inc, Wipro Technologies Ltd, Genpact, Cognizant Technology Solutions Corp, and Tech Mahindra Ltd
Business Consulting
A business consultant is an individual who looks into the advising side of a firm/organization based on the needs. A business consultant is involved in implementation and planning on different businesses. Business consultants' primary role is to develop a business plan and provide solutions to business owneRs The consultants are more specific on developing other market trends for the organization. Business Consultants also specialize in a lot of research and analyzing procedures.
Financial Analyst
Financial Analysts are specialists who work on different sets of securities and bonds. Financial analysts possess analytical skills for the analysis and research work they do. Financial analysts evaluate and compare the quality of securities in a given industry or firm. After considering, they provide advice based on the research, if the security is to be sold, bought, or put on hold considering the market and trends. The task is extremely analytical, and a lot of research and involved in the process, but it is rewarding at the same time.
Why are MBA Graduates Preferred?
Master of Business Administration is a professional postgraduate degree in business administration and management and here, let's check why MBA graduates have worldwide recognition.
- Subjects like Management Theory and Practice, Leadership and Entrepreneurship, Financial Markets, Instruments, and Business & Corporations Law are part of the MBA curriculum. Accreditation bodies and type of affiliation, specifically for MBA courses, quality of education, and consistency.
- The course helps build various management skills that are required in the corporate world. MBA programs impart a robust theoretical foundation in business concepts. MBA programs provide valuable opportunities through internships, group assignments, and individual projects for self improvisation. MBA programs help build hard-skills in the areas of management and leadership.
- MBA graduates have a great range of soft-skills, like communication, motivation, and negotiation.
Top Skills Required in MBA
There are some certain skills required in the field of management for candidates seeking jobs after MBA, below are some top skills required for candidates willing to pursue jobs after MBA.
- Problem-solving Skills
- Leadership Skills
- Time Management Skills
- Critical Thinking Skills
- Interpersonal Skills
- Communication Skills
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