MBA Jobs, Salary, Scope in India

Duration

2 Years

Average Fees

INR 3 lakhs - 10 LPA

Surobhi Chatterjee

Updated on Feb 2, 2023 by Surobhi Chatterjee

Surobhi Chatterjee

Updated on Feb 2, 2023 by Surobhi Chatterjee

MBA careers offer various roles such as financial analyst, business development manager, branding manager, sales executive, etc. The demand for MBA graduates is increasing significantly in domestic and international markets. MBA syllabus is comprehensive that trains the candidates through internship, training, projects, etc. for the required profession.

Career Prospects and Job Scope for an MBA Graduates

According to Glassdoor, the MBA starting salary in India is around INR 3.0 LPA. The salary packages depend on the major chosen by aspirants to specialize in the MBA course. Other factors affecting the annual salary include location, industry, designation, experience, etc.

Following are some entry-level designations for fresh MBA graduates:

  • Product Manager
  • Business Analyst
  • Financial Analyst
  • Credit Risk Management Analyst
  • Marketing Manager
  • Sales Manager
  • Human Resources Manager

After gaining some work experience, MBA graduates can opt for the following job roles:

  • Ad Strategy Manager
  • Brand Partnership Manager
  • Marketing Director
  • Public Relations Officer
  • Digital Marketing Manager
  • Supply Chain System Manager

Areas of Recruitment for MBA Graduates

MBA jobs for professionals are available in various industries ranging from FMCG to Banking. Below is a collection of sectors where MBA graduates can seek employment. 

Following are the areas of recruitment for MBA:

  • Retail Industry
  • Agri-business Industry
  • Advertising Industry
  • Automobile Industry
  • Healthcare Industry
  • Supply Chain Industry
  • Information Technology Industry
  • Finance industry

Factors to Consider When Considering MBA Job Role

When looking for an MBA job, understanding company values, work environment and compensation can help one find a job that suits both personality and career goals. 

Company Values

Work doesn't feel like work when career goals are aligned with the employer's goals. When researching a potential employer, compare values with an employer's mission statement, core values and business model. Many companies also support charitable organizations or partner with community groups.

Job Location

When considering the workday length, one must think about both working hours and commute time. Be realistic about how much time one is willing to spend going back and forth to work every day.

Popular Cities that Offer Jobs to MBA Graduates

The best cities for MBA graduates in India are mentioned below.

  • Hyderabad, Telangana
  • Pune, Maharashtra
  • Chennai, Tamil Nadu
  • Mumbai, Maharashtra
  • Bangalore, Karnataka

Gender Ratio in Jobs after MBA

In India, 76% of males are engaged in management jobs, while 24% work in various business management domains.

MBA Salary in India 

The average MBA salary in India ranges between INR 3 to 9 LPA for freshers. Employees with 1 to 3 years of experience can expect an MBA salary between INR 5 to 19 LPA. Companies paying the highest salary for MBA jobs in India are Deloitte, Boston Consulting, Citibank, HSBC, Citibank, HSBC, etc.

Sector Average Salary (INR)
Healthcare 5 - 12 LPA
Finance 7 - 12 LPA
Accounting 5 - 10 LPA 
Operations & Project Management 9 - 14 LPA
IT Management 10 - 16 LPA
e-Business 6 – 9 LPA
International Business 7 – 9 LPA
Real Estate 5 – 8 LPA
Fashion 8 – 12 LPA
Sales and Marketing 8 - 16 LPA
Airlines 5 – 8 LPA

Source: Glassdoor

MBA Starting Salary in India

The MBA salary is entirely dependent on how current and upskilled the individual is. A graduate's MBA starting salary in today's job market is INR 4 LPA. After MBA, the highest paying jobs typically pay between INR 4 to 32 LPA, depending on the domain and specialization. MBA Jobs mainly consist of various managerial level jobs.

Job Position Average Salary (INR)
Accounting Manager 7.10 LPA
Credit Managers 5.80 LPA
Financial Analyst 4.12 LPA
Corporate Controllers 12.24 LPA
Human Resources Manager 7.05 LPA
Senior Human Resources Consultant 11.64 LPA
HR Operations Manager 8.74 LPA
Employee Relations Manager 7.32 LPA

Source: Glassdoor

IIM MBA Salary 

IIM Ahmedabad, IIM Bangalore, IIM Calcutta, and IIM Lucknow are the top IIMs in India in terms of average placements and placement records. These are the best institutes in India. After getting management jobs, the average IIM package can go up to INR 32 LPA. Top IIM MBA recruiters include McKinsey, JP Morgan, Mastercard, Goldman Sachs etc. MBA jobs after MBA from IIM range between INR 20 LPA to 1 Crore at the starting level.

NIRF Management Rankings 2020 Institute Mean MBA Salary (INR)
1 IIM Ahmedabad 25 LPA
2 IIM Bangalore 24 LPA
3 IIM Kolkata 25 LPA
4 IIM Lucknow 23 LPA
6 IIM Kozhikode 23 LPA
7 IIM Indore 22 LPA
15 IIM Tiruchirappalli 10 LPA
17 IIM Udaipur 13 LPA
19 IIM Raipur 15 LPA
20 IIM Ranchi 15 LPA
21 IIM Rohtak 13 LPA
30 IIM Shillong 17 LPA
33 IIM Kashipur 13 LPA
40 IIM Nagpur 13 LPA

Source: Glassdoor

Salary Packages for MBA Professionals

Even though the average MBA salary in India is INR 3 LPA, it can go as high as INR 9 LPA and beyond for lucrative designations, for example, in the finance sector. The following are a few deciding factors impacting the annual salary of MBA graduates.

  • MBA Institute
  • Industry
  • Designation 
  • Work Experience
  • Interpersonal skills
  • Communication Skills

Below listed is the general pay range for MBA professionals.

Designation Salary (INR)
Lowest MBA Professional Salary 3.7 LPA
Average MBA Professional Salary 5 LPA
Highest MBA Professional Salary 9 LPA

Source: Glassdoor

Below listed is the average pay for MBA professionals.

Designation Salary (INR)
Human Resources Generalist 3.7 LPA
Marketing Manager 8.7 LPA
Business Development Manager 7.3 LPA

Source: Payscale

Government Jobs for MBA Aspirants

Government jobs for MBA freshers are an excellent opportunity since they can benefit from being government employees. Following are the government jobs after MBA with salary.

Top Government Hiring Companies Job Designation Salary (INR)
Reserve Bank of India Assistant General Manager 17.9 LPA
State Bank of India Finance Manager 8.7 LPA
Coal India Assistant Manager of Finance 9 LPA
National Mineral Development Corporation (NMDC) Deputy Manager 16.1 LPA
National Payments Corporation of India Product Manager 7.5 LPA
Life Insurance Corporation of India Financial Advisor 6.1 LPA

Other government jobs after MBA are:

  • Business Development In-charge
  • Head of Operations
  • Foreign Remittances In-charge
  • Marketing Executive
  • Block Program Manager
  • Account Manager

Private Jobs for MBA Graduates

Students can find some of the highest-paying jobs after MBA in India and can be found in the private sector. The following are the job profiles with their respective average annual salary in reputed private firms.

Top Private Hiring Companies   Job Profiles Salary (INR)
Tata Consultancy Services Product Marketing Manager 9.4 LPA
Accenture Digital Marketing Analyst 5.1 LPA
HDFC Bank Operations Manager 5.4 LPA
Flipkart Business Development Manager 10.7  LPA
The Himalaya Drug Company Regional Sales Manager 3.6 LPA
Axis Bank Marketing Manager 5.5 LPA

Source: Payscale

Some other jobs offered in this sector are:

  • Senior Business Analyst
  • Senior Operations Manager
  • Credit Analyst
  • Sales Director
  • Human Resources Business Partner
  • Lead Business Analyst

Top MBA Colleges with Placement Package

Top MBA colleges are listed below, the recruiters that participate in the MBA placements, and the average CTC offered. Graduates from the following colleges can grab great MBA Jobs and earn a good salary varying between INR 15 – 20 LPA.

Name of IIM Highest Domestic CTC (INR) Average Domestic CTC (INR)
IIM Ahmedabad 55.88 LPA 26.13 LPA
IIM Bangalore 32.10 LPA 26.18 LPA
IIM Calcutta -- 29 LPA
IIM Lucknow 51 LPA 26 LPA
IIM Kozhikode 46.88 LPA 22.50 LPA
IIM Indore 41.50 LPA 23.60 LPA
IIM Shillong 32.00 LPA 19.17 LPA
IIM Rohtak 22.80 LPA 13.74 LPA
IIM Ranchi 22.37 LPA 15.11 LPA
IIM Raipur 28.12 LPA 15.20 LPA
IIM Tiruchirappalli 25.00 LPA 14.96 LPA
IIM Kashipur 45 LPA 13.82 LPA
IIM Udaipur 40 LPA 13.84 LPA
IIM Nagpur 19.20 LPA 13.12 LPA
IIM Visakhapatnam 27 LPA 13.08 LPA
IIM Bodh Gaya 20 LPA 11.20 LPA
IIM Amritsar 40 LPA 12.61 LPA
IIM Sirmaur 26 LPA 11.28 LPA
IIM Sambalpur 18.92 LPA 11.61 LPA
IIM Jammu 24.50 LPA 10.64 LPA

MBA Jobs for Freshers

MBA jobs for freshers include job roles such as HR Assistant, Finance, or Financial Analyst. The salary of an MBA fresher ranges from INR 3 to 9 LPA, which increases with the work experience and skills. While some companies prefer MBA freshers, most companies prefer an MBA graduate with at least a year or two of experience and appropriate MBA Skills.

MBA Finance Jobs for Freshers

MBA Finance has great demand in India. Some of the latest MBA finance jobs for freshers are mentioned below, along with other details:

Company Name Salary (INR)
Randstad India 4 - 6 LPA
Winkler Enterprises NA
SFC Group 1.75 - 3.75 LPA
GlobeOp Financial Services 2.75 - 3 LPA
EmBridge 3 LPA

Specialisation-Wise Salary for MBA Graduates

MBA jobs are dependent on the specialization chosen by the student while studying MBA. Each MBA specialization offers a world unique to each other. The student must choose the specialization carefully. 

MBA in HR Jobs

MBA HR Professionals are responsible for maintaining a cordial relationship between an organization and its employees. MBA in HR Jobs include Administration, Employee Relations, Talent and Compensation, Business Partnering, etc. 

The table lists the top MBA in HR Jobs along with the average salary.

MBA Jobs Job Description MBA Salary (INR)
HR Manager - Talent Acquisition The talent acquisition manager is responsible for the talent acquisition and recruitment of the company so that all the needs of the various teams within the company can be met. INR 4.50
HR Manager - Training The training and development manager is responsible for improving the productivity of the employees through training of the employees in areas where they can improve so that the overall productivity of the company increases. INR 5.67 LPA
HR Manager - Compliance The role of a compliance manager is to address all the compliance to ensure that the company adheres to legal standards and in-house policies INR 4.80 LPA
HR Professor The role is to impart HR education to the students of the institutions and colleges who will run the functioning of the companies in the future. INR 6 LPA

Source: Glassdoor

Read More: MBA in HR Jobs

MBA in Marketing Jobs

MBA Marketing Jobs include Business Developer, Brand and Product Management, Market Research, Account Management, etc.

Below we have described some of the standard MBA Jobs profiles available for MBA in Marketing graduates. People also go for only MBA in Marketing, which provides good job opportunities.

MBA Jobs Job Description Average MBA Salary (INR)
Sales/Business Development If you want a perfect way to kick-start your career, then you should use this profile. They are mainly responsible for acquiring a large number of new clients in the company. INR 6 LPA
Brand & Product Management Brand management specifically requires excellent communication skills, creativity, foresight and the ability to work with different people. You will be responsible for enhancing the brand awareness of your company. As a product manager, you will be responsible for describing the product features which will be beneficial for your company. INR 10 LPA
Account Management Their main role is to generate new business from existing clients. Exceptional communication skills are required in this job profile. INR 6 LPA
Market Research A market researcher is basically responsible for studying the behaviour of the consumer. Before the launch of any product, comprehensive information is collected about what a consumer wants and what is in demand nowadays INR 3 LPA

Source: Glassdoor

Read More: MBA in Marketing Jobs

MBA in Finance Jobs

MBA Finance has a lot of job opportunities in major cities in India; the salary ranges from INR 3 to 5 LPA. MBA Jobs with Finance specialization provide the best placement opportunities.

Company Name Experience Required Salary (INR)
Paperpedia Pvt Ltd 1-5 years INR 4 – 4.50 LPA
Wisdom Bridge 0-2 years INR 2 – 3 LPA
Jai Matadi Parivahan 3-8 years INR 4 – 7 LPA
IIBM 0-5 years INR 2 – 5 LPA
Enbridge 0-3 years INR 3 LPA
Creative Hands Fresher INR 3 – 6 LPA
Digificial Solutions 2 years INR 1 – 3 LPA
M/S Heidrick Resources 2-4 years INR 1 – 3 LPA
ACME Services 1-3 years INR 9 -11 LPA
Anand Rathi Shares Stock Brokers 0-2 years INR 50,000 PA – 1.50 LPA

Read More: MBA in Finance Jobs

Some Other Important MBA Specialization-Wise Jobs, Scope and Salary

MBA Jobs in India

India is a large country with varied economic and commercial opportunities. Not all cities offer the same MBA Jobs. Some cities are more prosperous than others, and MBA hiking largely depends on economic and commercial growth. 

MBA Jobs in Delhi NCR

Delhi, the capital of India, houses a huge population and big businesses. Delhi has a lot of potential for MBA graduates catering to the enormous market. According to Payscale, the MBA salary of professionals in MBA marketing jobs is 35% more than the national average, whereas the MBA in Finance Salary is 5% lower than the national average. 

The MBA Jobs in Delhi NCR are mentioned below:

Job Role Experience Needed Skill Required
Management Trainee- HR 2 - 7 Years Salary Preparation, Good Communication, Team Coordination
HR Manager 2 - 5 Years MS Data Management, MIS, Reports
Manager-Strategy and Account Planning 3 - 5 Years Profiling, Qualitative, Service, Brand Activation, Account Planning
Key Account Manager 3 - 5 Years Sales, Analytical Skills, Finance, Distribution
Procurement Manager 3 - 8 Years Delivery, Logistics, Finalizing

MBA Jobs in Hyderabad

The long list of major IT companies like Amazon and Microsoft and electronic headquarters like Apple provides immense opportunities for MBA graduates in Hyderabad. Hyderabad houses a wealthy population since the city's per capita income is more than USD 2,500.

Job Role Experience Needed Skill Required
Project Management 3 - 8 years Project Management, Market Research
IT, Sales 2 - 4 years Marketing Skills, Communication Skills, Marketing Collaterals
Operations Business Management 1 - 4 years Marketing Executive, Distribution, Customer Profiling, Market Research
Project Manager 3 - 8 years IT Skills, BPO, Project Management
Assistant Business Operations 1 - 4 years Sales Strategy, Marketing Skills

MBA Jobs in Mumbai

Mumbai is the financial capital of India. The employment opportunities are enormous as most businesses are centred in Mumbai. The salary for all MBA Jobs is more than the rest of the country. With significant stock exchanges in Mumbai, it has a huge demand for Investment bankers and other MBA Finance Jobs

The MBA Jobs in Mumbai are mentioned below:

Job Role Experience Needed Skill Required
Management Trainee- HR 2 - 7 Years Salary Preparation, Good Communication, Team Coordination
HR Manager 2 - 5 Years MS Data Management, MIS, Reports
Manager-Strategy and Account Planning 3 - 5 Years Profiling, Qualitative, Service, Brand Activation, Account Planning
Key Account Manager 3 - 5 Years Sales, Analytical Skills, Finance, Distribution
Procurement Manager 3 - 8 Years Delivery, Logistics, Finalizing

MBA Jobs in Bangalore

Major sectors in Bangalore include Software, Aerospace, Biotechnology and Information Technology. Bangalore has one of the highest MBA HR Jobs, MBA Jobs in Sales, and MBA Marketing jobs. MBA Salary is one of the highest in Bangalore as compared to other cities

The MBA Jobs in Bangalore are mentioned below:

Job Role Experience Needed Skill Required
Consultant 1 - 3 years Analytics, SAS, Documentation, Travel
Manager- Marketing Communication 3 - 8 years Website Development, Public Relations, Social Media
Manager 3 - 8 years Strategic Thinking, Portfolio Management, Leadership, Accounting
Associate Product Manager 3 - 6 years Product Design, Shipping, Operations, Product Management
Program Manager 3 - 8 years Interpersonal Communication, Project Management

MBA Jobs in Pune

Pune has developed into a large city with industries ranging from education, manufacturing, automobile, IT and Technology. Various types of Jobs in Manufacturing, MBA Jobs in Sales, and Tech start-ups make Pune one of the highest employers of MBA Graduates. The boom in IT start-ups provides vast opportunities for MBA graduates to look after these start-ups as they grow.

Job Role Experience Needed Skill Required
Project Management 3 - 8 years Project Management, Market Research
Senior Business Analyst 3 - 8 years Competitive Benchmarking, Go-to-market Strategy, Market Entry Strategy
CN-Strategy 1 - 4 years IT Skills, Machine Learning, Cloud, Gap Analysis, Business Case Preparation
Research Analyst 2 - 5 years Capital IQ, Due Diligence, Bloomberg, Analytical
SEM Specialist 2 - 7 years PPC, Web Analytics, Google Adwords

Job Opportunities Abroad for MBA Graduate

There are plenty of opportunities for MBA students to make a rewarding career abroad. One thing to be noted is that students who pursue an MBA in renowned overseas institutions most likely will get a job abroad. Alternatively, one can also gain relevant experience in India in reputed firms and then apply for jobs abroad.

Designation Salary
MBA in HR INR 3.7 LPA
MBA in Marketing INR 3.7 LPA
MBA in Sales INR 3 LPA
MBA in Finance INR 5 LPA
MBA in Entrepreneurship INR 4 LPA
MBA Digital Marketing INR 5 LPA
MBA in Banking INR 5 LPA
MBA in Design INR 3 LPA

Source: Glassdoor

Top Companies for MBA Graduates

Top companies are always looking for fresh and promising MBA professionals who can add value to their organizations. The list below is a collection of well-established companies aimed at MBA students:

  • Amazon
  • Deloitte
  • Citigroup
  • JP Morgan
  • Goldman Sachs
  • Walt Disney
  • Morgan Stanley
  • A.T. Kearney

Best Countries for MBA Graduates

Some of the best countries for MBA students are:

  • France
  • United Kingdom
  • Singapore
  • Australia
  • Germany
  • Dubai
  • Italy

Various Career Designations Abroad for MBA Students

Indian MBA students can aim to make a career abroad with the following designations: 

  • Management Consultant
  • Investment Banker
  • Business Analyst
  • Global Business Manager
  • International Brand Manager
  • International Business Consultant

Best MBA Professionals

Students can make a lasting impact in varied fields of employment with a degree in MBA. MBA is one such course that prepares students for entrepreneurship, business leadership, and innovation. On that note, the following are the best MBA professionals who take steps to create a better future.

  • Melinda Gates
  • Elon Musk
  • Tim Cook
  • Indra Nooyi
  • Sheryl Sandberg
  • Sally Crawcheck

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Exam Date: Jun 22, 2022

Result Date: Jul 21, 2022

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Result Date: Jan 28, 2023

MAT

Exam Date: Feb 19, 2023

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Exam Date: Dec 18, 2022

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Result Date: Jan 10, 2023

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