MBA is one of the most sought-after management degrees not only in India but globally as well. According to a GMAC survey conducted by Corporate Recruiters Survey (CRS), an MBA salary is almost 77% more than those with a bachelor’s degree. The average MBA salary in India for 2024 was INR 7 LPA.
MBA salary depends on the different specializations opted for while pursuing an MBA course. MBA Finance is considered as the highest-paying MBA Specializations in the world. The average MBA Finance salary in India can scale up to INR 21 LPA with relevant experience and expertise. MBA HRM is one of the most popular MBA specializations. According to payscale, the average salary of an HR Manager in India is INR 7.00 LPA and the average salary of a Marketing Manager in India is INR 6.50 LPA.
MBA salary differs based on parameters such as location, institutions and the companies that one is associated with. In India, IIM graduates usually grab the highest salary packages. The highest salary for IIM Ahmedabad stood at INR 1.15 Crore per annum for the last year, while the average salary recorded was INR 35.50 LPA. The average MBA salary ranges between INR 6.30 LPA - 11.20 LPA in India. Gurgaon, Bangalore, Mumbai, and Delhi are some of the cities in India with the highest MBA salary.
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Table of Content
MBA Starting Salary in India
MBA salary in India depends upon various factors such as specializations, colleges, job profiles, etc. MBA starting salary in India can be expected anywhere between INR 4.50 LPA - 9 LPA. Some of the top-ranked and Best MBA Colleges in India offer an average placement salary package of around INR 15 LPA - 40 LPA. MBA starting salary in India of top MBA colleges is given below in the table:
| College Name | Average Annual Salary (INR) |
|---|---|
| IIFT Delhi | 25.16 L |
| SPJIMR Mumbai | 32.06 L |
| NIT Trichy | 16.50 L |
| VIT University, Vellore | 8.19 L |
| Jamia Millia Islamia University, New Delhi | 13 L |
| XLRI Jamshedpur | 30.73 L |
| Chandigarh University, Chandigarh | 9.54 L |
| Symbiosis Institute of Business Management, Pune | 23.06 L |
| NMIMS Mumbai | 23.07 L |
| LBSIM New Delhi | 11.30 L |
| BIMTECH Greater Noida | 9.38 L |
| Women University, Hyderabad | 8.60 L |
MBA Placements
MBA from a well-respected and prestigious institution assures candidates of good and lucrative placement packages. There are very high possibilities to get a high salary package after MBA from IIMs or some Top Private MBA Colleges in India. Click on the links given below in the table to check out the highest MBA Placement packages in some of the top MBA colleges in India.
IIM MBA Salary
IIM or Indian Institute of Management is considered the best MBA college in India. MBA Salary after completing MBA from IIM is quite higher than many top MBA colleges in India. Also, the highest MBA placement packages in India are grabbed by IIM students. The highest recorded domestic placement package stood at INR 75 LPA by IIM Ahmedabad. Tabulated below is the average annual IIM salary for all the Top IIMs in India.
| College Name | MBA Highest Package (INR) |
|---|---|
| IIM Ahmedabad | 75 L |
| IIM Bangalore | 32.10 L |
| IIM Calcutta | 42.50 L |
| IIM Kozhikode | 61.5 L |
| IIM Indore | 70 L |
| IIM Lucknow | 61.59 L |
| IIM Raipur | 42.15 L |
| IIM Tiruchirappalli | 34 L |
| IIM Udaipur | 35.96 L |
| IIM Ranchi | 67 L |
| IIM Rohtak | 32 L |
| IIM Kashipur | 28.82 L |
| IIM Nagpur | 31.54 L |
| IIM Sambalpur | 41 L |
| IIM Amritsar | 25.21 L |
| IIM Sirmaur | 26.5 L |
| IIM Bodh Gaya | 30.50 L |
| IIM Visakhapatnam | 31.60 L |
| IIM Jammu | 24.50 L |
IIT Salary
There are only a few Indian Institute of Technology - IIT colleges offering MBA courses. MBA from the top IIT colleges in India results in high and lucrative placement job opportunities. IIT colleges also offer equator job offers to MBA students in their placement drive which helps them to grab high MBA salaries.
IIT Bombay’s Shailesh J. Mehta School of Management and IIT Delhi’s Department of Management Studies are the top IIT colleges offering the highest MBA salary. The following table highlights the average annual salary offered in the IITs.
| College Name | Average Annual Salary (INR) |
|---|---|
| IIT Bombay | 22.7 L |
| IIT Delhi | 18.5 L |
| IIT Kharagpur | 19.36 L |
| IIT Madras | 21.48 L |
| IIT Kanpur | 28.7 L |
| IIT Roorkee | 16.8 L |
| IIT Dhanbad | 10.02 L |
See Also:
| Salary of a Banker | Salary of a Bank Manager | Salary of a Travel Agency Manager |
| Salary of an Airport Operations Manager | Salary of a Business Development Manager | Salary of a Marketing Manager |
Specialization Wise MBA Salary in India
MBA is offered with more than 15 sub-specializations. As mentioned before, MBA salary often varies with different MBA specializations. MBA specializations will determine the type of job and sectors which is one of the prominent factors in estimating one's MBA salary. MBA in HRM, Finance, and Marketing. are some of the most sought-after MBA specializations in India.
The following table represents the highest-paying MBA specializations in India.
| MBA Specialization | Average Annual Salary (INR) |
|---|---|
| MBA Finance | 8.90 L |
| MBA Human Resource Management | 6 L |
| MBA Information Technology | 6 L |
| MBA Logistics Management | 7.08 L |
| MBA Marketing Management | 7.52 L |
The following infographic represents the Specialization-wise MBA salary in India.
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MBA in Finance Salary
An MBA specialization in finance focuses on aspects like Management accounting & control, the Indian capital, Money market & banks, International finance, etc. MBA Finance is considered to be one of the toughest MBA specializations, but it lands with some most reputed job options with the highest MBA salary package. MBA salary for various job profiles after completing an MBA in Finance is tabulated below:
| Job Positions | Average Annual Salary (INR) |
|---|---|
| Corporate Controllers | 12.24 L |
| Accounting Manager | 7.10 L |
| Credit Managers | 5.80 L |
| Financial Analyst | 4.12 L |
The following infographic represents the MBA Finance salary in India.
MBA HR Salary
The Human Resource (HR) Management course teaches you about recruiting, training, team building, employee policies, salaries, benefits & increments, employee health & safety, and finally the staff amenities. MBA salary for various job Profiles in MBA HR Management is given below.
| Job Positions | Average Annual Salary (INR) |
|---|---|
| Senior Human Resources Consultant | 17 L |
| HR Operations Manager | 10.34 L |
| Employee Relations Manager | 7.32 L |
| Human Resources Manager | 7 L |
The following infographic highlights the MBA Human Resource salary in India.
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. Project Manager is the most reputed and highest paying job position for MBA IT graduates. MBA salary for various MBA job positions in MBA Information Technology is given below.
| Job Positions | Average Annual Salary (INR) |
|---|---|
| Project Manager | 21 L |
| System Manager | 14 L |
| Marketing Manager | 11 L |
| Business Development Manager | 7 L |
The following infographic depicts the MBA in Information Technology salary in India.
MBA Logistics Management Salary in India
Logistics Management is a significant part of supply chain management which deals with planning, implementing, and controlling the flow and storage of goods and services between the point of origin and point of consumption. MBA salary for various MBA job positions in MBA Logistics Management is given in the table below.
| Job Positions | Average Annual Salary (INR) |
|---|---|
| Logistic Manager | 7.08 L |
| Logistics Officer | 5.50 L |
| Supply Chain Coordinator | 3.97 L |
| Logistics Supervisor | 3 L |
The following infographic shows the MBA Logistics Management salary in India.
MBA Marketing Salary
MBA in Marketing imparts knowledge about how to fulfill the interests of consumers and how to promote business strategies & techniques. This will help students 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 is given below.
| Job Positions | Average Annual Salary (INR) |
|---|---|
| Senior Marketing Manager | 18 L |
| Project Manager | 14 L |
| Senior Business Analyst | 17 L |
| Marketing Manager | 10 L |
| Area Sales Manager | 7 L |
| Business Development Manager | 5.97 L |
| Business Development Executive | 23 L |
The following infographic highlights the MBA Marketing salary in India.
MBA Salary: Mode Wise
MBA is offered in various modes such as Regular MBA in Institute, Distance MBA as well as Online MBA. Many institutions have started offering MBA courses through Online and Distance modes for students unable to attend classes by visiting institutions. MBA salary changes based on the type of MBA one has completed. The following table shows the average MBA salary mode-wise:
| MBA Type | Average Annual Salary (INR) |
|---|---|
| Regular MBA | 4 L - 32 L |
| Distance MBA | 6 L - 8 L |
| Online MBA | 4 L - 6 L |
| Executive MBA | 12 L - 40 L |
MBA Salary: FAQs
Ques. What is the salary of an MBA candidate in India?
Ans. The average salary for an MBA candidate in India is approximately INR 7.3 lakhs. The common factors affecting the MBA salary in India are experience, location, job role, and skillset.
Ques. What is the Salary for an MBA fresher?
Ans. A fresher earns more than INR 30000 after completing his MBA degree. This amounts to about INR 3,60,000 in a year.
Ques. What is the highest MBA salary in India for the session 2024?
Ans. The highest MBA salary in India stood at INR 75.2 LPA by IIM Ahmedabad in domestic packages.
Ques. What is the MBA salary in India based on Indian cities?
Ans. Gurugram is the highest-paying market with an average salary of INR 7,50,000. Bangalore follows up with INR 7,30,000. In Mumbai, an MBA gets INR 7,32,000, while in Delhi, around INR 6,90,000 is given.
Ques. Which MBA has the highest salary?
Ans. The MBA Specialisations that offer the best salary are MBA Finance, MBA Entrepreneurship, MBA Marketing, MBA Operations, etc.
Ques. What is the salary in MBA Marketing?
Ans. Marketing Management professionals can find job opportunities in Advertising Agencies, Marketing Companies, FMCG sectors, Financial Services, IT, etc. According to payscale, an MBA Marketing candidate's average salary is Rs. 752,000 per annum.
Ques. What are some of the highest-paying jobs for MBA candidates in India?
Ans. The highest-paying jobs for MBA graduates are Investment Banker, Project Manager, Business Consulting and Strategy Consulting, Business Development Manager & Marketing Manager.
Ques. Why is the MBA salary so high?
Ans. Most recruiters attribute their high trust in business school candidates to their versatility, good analytical skills, and excellent communication abilities.
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, and GMAT.
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.
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