MBA Salary: In India, Job Options, Career Scope, Highest Salary, Specialization Wise Salary

Arunima Sethi's profile photo

Arunima Sethi

Content Curator | Updated on - Jul 23, 2021

MBA Salary in India ranges from INR 7-12 LPA on average for various kinds of MBA courses. As per payscale, the average MBA salary in India for 2021 is INR 7,71,801. MBA is the most popular postgraduate course offering high salary.

The top MBA colleges in India offer amazing MBA Placements with high salary packages for MBA graduates, and this is one of the reasons for so many students opting MBA every year. The salary offered to MBA Course graduates depends directly on their qualification, skills, the college which they are graduating from, and most importantly their work experience.

MBA salary also depends upon the MBA specialization chosen by a candidate. Generally, the highest MBA salaries are grabbed by MBA specializations like MBA Finance, MBA Strategy, MBA General Management, MBA Business Analytics, and MBA Entrepreneurship.

Check: MBA Admission 2021

Given below are the details of MBA salary offered by top MBA colleges in India with average salary and the highest salary in 2020. Later, MBA salary classification according to specializations is also given. 

Check MBA Placement Preparation

MBA Salary is also high outside India. Countries like United States, Canada, and European countries offer high MBA salaries to MBA graduates. 

MBA Starting Salary in India

What is the MBA Starting Salary in India?

MBA Salary: Highest Packages in Top MBA Colleges in India

MBA Salary: Top Colleges Placement 

MBA Salary in IIMs

What is the MBA Salary after IIM?

  • IIM placements are generally performed for the PGP batch every year from December-February.
  • The average pay package given to top IIM applicants ranges from INR 20 - 25 lakhs per year while current IIMs' salary packages vary from INR 10 - 20 lakhs per year.
  • At the top IIMs, the highest pay bid - A, B, C has seen INR 70 lakh to INR 1 crore being offered as CTC.
Name Average Salary 
IIM Ahmedabad INR 26.13 LPA
IIM Bangalore INR 26.18 LPA
IIM Calcutta INR 28 LPA
IIM Lucknow INR 23 LPA
IIM Indore INR 22.92 LPA
IIM Shillong INR 18.79 LPA
IIM Rohtak INR 13.70 LPA
IIM Raipur INR 15.20 LPA
IIM Kashipur INR 13.82 LPA
IIM Udaipur INR 13.84 LPA
IIM Nagpur INR 13.13 LPA
IIM Visakhapatnam INR 13.08 LPA
IIM Bodh Gaya INR 11.20 LPA
IIM Amritsar INR 12.61 LPA
IIM Sirmaur INR 11.28 LPA
IIM Jammu INR 10.64 LPA
MBA Salary in IITs

What is the MBA Salary after IIT?

Name of the College Average Salary 
IIT Bombay INR 20.8 LPA
IIT Delhi INR 18.47 LPA
IIT Kharagpur INR 17.42 LPA
IIT Madras INR 12.44 LPA
IIT Kanpur INR 11.2 LPA
IIT Roorkee INR 9.18 LPA
IIT Dhanbad INR 8 LPA
MBA Salary: Specialization Wise

What is the MBA Salary: Specialization Wise

The average salary for some of the popular MBA specializations has been mentioned in the below table.

MBA Specialization Average MBA Salary
MBA Finance INR 2,00,000 to INR 14,70,000
MBA Human Resource Management INR 4,50,000 to INR 15,50,000
MBA Information Technology INR 10,000 to INR 6,00,000
MBA Logistics Management INR 6,25,000 to INR 8,50,000
MBA Marketing Management INR 14,25,000 to INR 20,43,000

Currently, specializations are on a roll and in full demand among companies. Naturally, the salary offered to MBA graduates in India depends on the education and experience of the candidate. 

  • The best part of joining a good college for the MBA course is the placement rounds where most reputed and famous multinational companies come to college campuses in order to get the most talented students through the campus drives.
  • If the company feels that the candidate is worthy enough for their company, then they do not hesitate to offer the selected candidates an ample amount of money as the starting salary.

Check: Integrated MBA

MBA Finance Salary

MBA Finance Salary in India

An MBA specialization in finance focuses on the aspects like Management accounting and control, the Indian capital, Money market and banks, Privatization, and International finance. The average salary for various MBA job positions in MBA Finance is given below.

Job Position Average Salary
Accounting Manager INR 7,10,360
Credit Managers INR 5,80,576
Financial Analyst INR 4,12,339
Corporate Controllers INR 12,24,490
MBA HR Salary

MBA HR Salary in India

Human Resource (HR) Management course teaches you about recruiting, training, team building, employee policies, salaries, benefits and increments, employee health and safety, and finally about the staff amenities. The average salary for various MBA job positions in MBA HR Management is given below.

Job Position Average Salary
Human Resources Manager INR 7,05,853
Senior Human Resources Consultant INR 11,64,803
HR Operations Manager INR 8,74,286
Employee Relations Manager INR 7,32,503
MBA IT Salary

MBA IT Salary in India

Students studying an MBA in Information Technology Management are structured to train and produce managers who can effectively handle the planning, design, selection, implementation, use, and management of current and parallel information and communication technologies. The average salary for various MBA job positions in MBA Information Technology is given below.

Job Position Average Salary
Project Manager INR 12,44,457
Business Development Manager INR 5,98,910
Marketing Manager INR 6,90,763
System Manager INR 8,81,633
MBA Logistics Management Salary

MBA Logistics Management Salary in India

Logistics Management is a significant part of supply chain management which deals with planning, implementing, controlling the flow, storage of goods and services between the point of origin and point of consumption. The average salary for various MBA job positions in MBA Logistics Management is given below.

Job Position Average Salary
Logistics Officer INR 4,36,344?
Logistics Supervisor INR 2,56,529
Logistic Manager INR 6,06,122
Supply Chain Coordinator INR 3,97,561
MBA Marketing Management Salary

MBA Marketing Management Salary in India

Students who pursue this are trained to match the interests of consumers with business promotion techniques. The aim is to transform the needs of the consumer into services or products that the organization can profitably sell, distribute, and promote in the market. The average salary for various MBA job positions in MBA Marketing Management is given below.

Job Position Average Salary
Brand Manager INR 9,93,964
Sales Manager INR 4,72,401
Market Research Analyst INR 3,43,964
Marketing Officer INR 3,03,288
MBA Salary for Different Types of MBA

MBA Salary for Different Types of MBA

MBA Type Salary
Regular MBA

 INR 2.7 LPA

Distance MBA

INR 3.5 LPA

Online MBA INR 5 LPA
Executive MBA

INR 4 LPA

MBA Salary: FAQs

MBA Salary: FAQs

Ques. Is it safer to seek an MBA right after graduation or to work for a few years and then settle for an MBA?

Ans. Both options are available. However, some work experience will give you a comparative edge over other applicants with no work experience during MBA admissions. Generally, through MBA campus recruiting, most businesses tend to employ an experienced employee over a younger one.

Ques. What entrance tests are required for admission to the MBA program?

Ans. You need to take the management entrance test approved by the B-Schools that you are selecting for access to the MBA or PGDM program. Some major entrance exams are CAT, MAT, XAT, SNAP,  NMAT, CMAT, GMAT.

Ques. What B-Schools support CAT scores of between 85 and 100 percentile?

Ans. A significant number of B-schools accept CAT scores of 85+ percentile, including MICA, Manipal, IIT Roorkee.

Ques. What are the eligibility requirements for the full-time MBA program?

Ans. In order to follow a full-time MBA program, you need:

  • Graduation of any field with at least 50 percent cumulative marks to be considered for application.
  • Then you need to clear the application process for the B-School, beginning with the entrance test approved by the B-School. For example, CAT, MAT, SNAP.

Ques. Can I go for an MBA right after class 12th?

Ans. After completing Class 12, you can enter the MBA program directly via an integrated MBA course. The length of the course for combined MBA courses is 4 to 5 years and is usually delivered in combination with other undergraduate courses such as B.Tech. Applicants who have earned at least 50 percent of the average marks in their higher secondary exams are eligible to qualify for these courses.

Ques. What is the minimum CAT percentage needed for IIM admission?

Ans. You would need a minimum overall CAT score of 90 percentile to be accepted. But a mere high CAT percentile would not secure your entry to IIMs, you will have to go through the GD/PI/WAT  and do well in these as well as in the final selection process. However, IIMs do recognize past academic records and job experience for the final selection of students.

Ques. Which college offers an integrated MBA course?

Ans. Some colleges offering the integrated MBA course are:

  • NIMS, Deemed University
  • IIT Kharagpur Maharshi Dayanand University, Rohtak
  • Birla Institute of Technology & Science
  • IIT Mumbai’s Shailesh. J. Mehta School of management
  • Department of Management Studies, Goa University

Ques. Can we get an MBA admission without a CAT, CMAT, or exam?

Ans. There are a variety of private universities and MBA institutions that give direct access to applicants on the basis of their academic or job profile. However, having a CAT, CMAT or some other reputable MBA entrance exam score will help you get admission to the best of the best institutes.

Ques. What is the age bar to pursue an MBA?

Ans. There’s no age bar to pursue an MBA degree. You can pursue the degree whenever you feel like it is the right time.

Ques. What is the minimum work experience required?

Ans. Work experience is not mandatory. However, work experience of a minimum of 3 years, will be okay. It will provide you an edge over other applicants.

Master of Business Administration [MBA] : 274 answered questions

VIEW ALL

Ques. Is Alliance University good for a PGDM? Are all the management issues sorted now? How are the placements as of now? How good is the ROI?

● Top Answer By Revaansh Khurana on 23 Jul 21

Ans. Alliance University Bangalore now offers an MBA instead of the earlier DGDM degree through its two schools; Alliance School of Business and Alliance Ascent College. Make sure first which one you are applying to. Alliance University once used to be one of the best management institutes in Bangalore but now has lost its credibility among the students due to various reasons.  As for the placements, it is still decent according to the latest reports of the institute. For the year 2020, the university reported the highest salary and the average salary of the MBA programs to be INR 22.6 lakhs per annum and INR 7.6 lakhs per annum respectively. The fee structure for MBA at both the schools at Alliance University is given in the table below – Particulars Alliance School of Business Alliance Ascent College Tuition Fee INR 13.50 lakhs INR 9 lakhs Registration Fee INR 50,000 INR 50,000 The university offers hostel accommodation and charges INR 81,000 and INR 96,000 for double occupancy and single occupancy rooms respectively for 6 months at its Central Campus. When looking at the fee, the Return on Investment (ROI) does not look great. Many other universities will provide better exposure.Read more
0
0
1 Answer
●●●

Ques. How is Fore School of Management for a PGDM? How are the placements for marketing students?

● Top Answer By Khushi Chitra on 22 Jul 21

Ans. One of my friends is from this institute, so I might be able to help you with your question. FORE School is one of the country's top business schools.  For the 2017-19 academic year, four marketing students were paid INR 31 LPA. Jumbo Group, Philips, J K Type, HUL, Gen pact, Gen pact ERC, EY GDS, Deloitte, KPMG GS, and others visit campus for placement drives every year.  The course is very well structured. The faculty members along with permanent professors, also have guest lecturers from top marketing firms in India and abroad. PGDM from Fore School of Management : Total course fee 15 lakhs Seats available 180 Top recruiters Adani Group, Amazon.com, Asian Paints, Berger Paints, Coca-Cola, Colgate Palmolive, Deloitte,etc Highest salary package 31 lakhs Average salary package 10 lakhs Overall Fore university of management is a good option to go for. You’ll not regret later, I can assure you that. It will help build your career so you could succeed in life.Read more
0
0
1 Answer
●●●

Ques. How is MBA curriculum and college life at CUSAT, is it hard to get admitted? How are the placements for previous batches?

● Top Answer By Ritika Ghosh on 20 Jul 21

Ans. CUSAT is worth spending your 2 years of MBA. School of Management Studies, CUSAT is one of the most reputed B-schools in Southern India, therefore considered a very good place to study.  The campus is quite large and welcoming along with the quality education. The college owns an ample amount of well-qualified faculty members, thereby giving you complete knowledge regarding the particular field.  The placements earlier were organized for a particular field. But now, there is a single placement cell and a placement officer heading it. This has increased the placement offers for the students. Numbers of offers made 300 Number of students placed 306 Highest CTC offered INR 15 LPA Average CTC offered INR 4.7 LPA The environment of the college gives you a chance to work for your holistic development along with the curriculum. Also, the college offers decent placement opportunities in the most prestigious companies across the country.  So if you have thought of getting admission into the School of Management Studies, CUSAT, for your MBA, you can go for the option without any second thought.Read more
0
0
1 Answer
●●●

Ques. What is the fee structure for MBA in BITS Pilani?

● Top Answer By Ankita Sinha on 19 Jul 21

Ans. The fee structure of an MBA in BITS Pilani is almost similar to that of the engineering fee structure. The points below give a detailed overview of the regular MBA fee structure of the institute, along with some additional fees. For each semester, the tuition fee for MBA is 1,78,000. This is quite affordable, compared to the MBA fees of other premier institutes in India. The hostel fee of BITS Pilani is about 35,000 per semester, including all facilities like room charges, mess, electricity, etc. There is a one-time admission fee of 35,000 taken at the beginning of the MBA course. An additional fee of 50,000 is charged for the Practise School fee if you wish to enroll in it. This fee is charged in the second year of the course. The overall fee for an MBA in BITS Pilani sums up to be about 9 Lakhs in total.Read more
0
0
1 Answer
●●●

Ques. Which college is good for MBA, Nirma University, Symbiosis Pune or Narsee Monjee Mumbai?

● Top Answer By Ketaki Sircar on 17 Jul 21

Ans. It's not fair to put Nirma into the same category as NMIMS Mumbai and Symbiosis Pune. First and foremost, as many other students have remarked. As one of my friends studied at NMIMS, I would suggest you go for it. Since under the SIU banner you did not name a particular college, I assume it is SIBM Pune.  The principal reason NMIMS scored over SIBM is its advantageous placement in Mumbai's financial centre.  It's an hour and a half drive from commercial and industrial areas like the Bandra Kurla Centre, Southern Mumbai, and Navi Mumbai. This allows students to go to high-profile companies such as SEBI, TOI, and JPMC for industrial trips. Since NMIMS has more than 500 batch sizes, it continues to produce better average packages from other institutes in the same league.  The reputation and connection that NMIMS enjoys to the industry is a testimonial.  Categories Nirma University SIBM Pune NMIMS Mumbai Course Fee 10.04 lakh 19.22 lakh 6.04 lakh Highest CTC 12 LPA 28 LPA 13-15 LPA Average CTC 8.5 LPA 16 LPA 8-10 LPA Recruiting Companies Zydus, Adani, Kotak, Axis Bank, etc. Mindtree, Crisil, HSBC, Asian Paints, etc. Berger, ICICI Bank, CitiBank, Hindustan Unilever, etc. Over the years, NMIMS has demonstrated its success at national and international competitions. Some of the events in which our students have fared better with all the participants from the above-stated institutions include RB Mavericks, HUL Carpe Diem, and SABMiller's Brew-a-career.Read more
0
0
1 Answer
●●●

Comments


15 Comments
A
avinash sahu
Can I get any government job after completing MBA?
P
Priya Negi

Yes, many candidates go to government sector jobs after completing their MBA. Here are some areas where you can work as a government servant:

  1. Marketing officers in Public sector Banks
  2. General manager at PSUs such as BSNL, FCI, etc.
S
saksham mahajan
Which college is best in India to pursue MBA Executive course?
A
ankit kumar
If I start job after taking gap of one year from study, is it alright?
D
Diya Suresh

MBA degree is valid for work across the country and it is an asset that has lifelong validity for work. The average MBA salary in India ranges between INR 3 to INR 9 lakhs per annum for freshers and it goes high with experience. MBA degree is in demand for various work sectors including finance, healthcare, accounting, real estate, fashion etc. For more details visit MBA Jobs.

M
muheshraaj
Other than IIM, MBA from which college will assure me to have best salaries?
D
Diya Suresh

Apart from different branches of IIMs, some of the other top colleges offering high salary package to students are:

  • IIT Bombay
  • MDI Gurgaon
  • Symbiosis Institute of Management Studies
  • SPJIMR mumbai
  • IIT Roorkee
  •  IIT Kharagpur
  • IIT Delhi
  • XLRI
  • IIT Madras
  • IIT Kanpur

Salary for a fresher ranges from INR 2,50,000 to INR 4,50,000 and it increases with work experience and skills. Find more details at MBA Jobs.

N
nishu
What is the average salary of MBA graduates in US?
P
Priya Negi

If you have completed your MBA from a US-based university then the median starting salary can be around $110,000 (Though the data may largely vary from college to college). 

N
nitika
Do I need to go for placement in first year of study?
A
Aniket Ranjan

The top MBA colleges in India offer amazing MBA Placements with high salary packages. Generally the Placement drive is organised in final semester of the program. Placement drive is not organized during the first year. 

S
sandesh kumar
Can I get the average salary of the student after pursuing MBA?
A
Aniket Ranjan

Yes, The average salary offered to the MBA graduates depends directly on their qualification, skills, the college which they are graduating from, and most importantly their work experience. Average MBA Salary in India ranges from INR 7-12 LPA on average for various kinds of MBA courses. 

B
bhumika
How long shall I stay in a company before switching to get good promotion?
D
Diya Suresh

For different specialisations, job roles will also vary and accordingly annual CTC also differs. It is completely a decision of candidate to decide the time of switching the job. Most of the top level companies require experienced candidates for higher job positions, so it will be good to gain maximum experience before switching the company.

R
ramesh kumar gupta
What is the salary offered to the students pursuing MBA Executive?
A
Aniket Ranjan

The salary varies from the individual and their schools. However, the average salary for Executive MBA program ranges from INR 10 Lakhs to INR 25 Lakhs. However, an EMBA graduate can also obtain a higher salary depending upon their interviews.

N
naman
Will MBA salary vary with the city in which I got placed but the company is same?
A
Aniket Ranjan

MBA Salary in India offered is, naturally, directly proportional to the qualification and experience regardless of the place. If the company is Same than the package or MBA salary doesn't varies it remains same. 

A
ambar ahirawar
Can I directly apply for job abroad?
D
Diya Suresh

Most of the english speaking countries requires score of language proficiency test like TOEFL or IELTS to get working visa. In case you have qualified the test, then the score can be use dto get a job abroad. For other countries, you can directly apply for the job. TOEFL and IELTS score can be used for higher studies abroad as well.

S
shiya devi
If I will complete MBA from IIM, will it ensure 100% placement?
D
Diya Suresh

Placements for 2019-21 batch at IIM witnessed 100% placemnet records and usually the scenario is applicable for several IIMs across India. IIMs are known for their courses and placements, but it completely depends on one’s academic performance as well as performance in from of the recruiters. Different companies from different sectors participate in the recruitment drive and chances of placement here is high. To know more details visit  To know more details visit MBA jobs, placements and preparation.

D
devisingh
If I switch from one job to another within time span of 1 year, will that be a good decision?
D
deep jyoti das
Out of MBA or MBA Executive which one is the best option for best salary?
D
Diya Suresh

Out of MBA and Executive MBA, the latter yields more job opportunities and better salary package than the former. If Ex MBA is done from any top ranking MBA institute, then the salary package may range from INR 25 LPA to INR 35 LPA, while for regular MBA course, the salary will range in between INR 15LPA to INR 18 LPA in India. To get more details visit Types of MBA, programs, courses in IIM.

S
sunny pandey
Specialization in which subject in MBA offers highest salary package?
D
Diya Suresh

There are several specialisations in MBA but the best salary yielding specialisation of late has been MBA in Finance that will provide average salary of around INR 4-10 LPA with top recruiters being HSBC, HDFC, ICICI, Genpact, E&Y, Morgan Stanley, Lehman Brothers, BCG, Barclays, etc.

Popular job roles for the specialisation are Financial Consultant, Finance Manager, Business Analyst, Accounting Manager, Bank Manager, Corporate Controller, Relationship Manager, etc. For more details of other specialisations visit Best MBA specialisations.


- NO MORE COMMENTS -

Master of Business Administration [MBA] Colleges IN INDIA

View All
9.6 L Total fees
VIEW ALL COURSES & FEES
4.68 L first year fees
VIEW ALL COURSES & FEES
27 L Total fees
VIEW ALL COURSES & FEES
1.13 L first year fees
VIEW ALL COURSES & FEES
Banaras Hindu University - [BHU]
Varanasi, Uttar Pradesh
UGC
50 K first year fees
VIEW ALL COURSES & FEES
NIT Trichy
Tiruchirappalli, Tamil Nadu
AICTE
97.25 K first year fees
VIEW ALL COURSES & FEES
Panjab University - [PU]
Chandigarh, Chandigarh
AICTE
2.4 L first year fees
VIEW ALL COURSES & FEES
1.78 L first year fees
VIEW ALL COURSES & FEES