MBA salary of a B-Schol graduate in India is proportional to their qualification and experience. It also depends on other factors like Almameter of the candidate, MBA specialization, industry, designation, etc. The MBA average salary for the topmost B-School in the country is as follows.
Name of the institute | MBA salary(in INR) |
IIM Ahmedabad | 26.13 LPA |
IIM Bangalore | 33.8 LPA |
IIM Calcutta | 26.24 LPA |
IIM Lucknow | 26 LPA |
FMS Delhi | 32.4 LPA |
XLRI Jamshedpur | 30.73 LPA |
MDI Gurgaon | 26.07 LPA |
SPJIMR Mumbai | 23.6 LPA |
IIFT Delhi | 25.16 LPA. |
MBA salary depends a lot on specialization as well. Among the specialization, Marketing and Finance offers better placements.
According to the student’s reviews online, The average CTC (domestic) is INR 18.33 LPA. All the B-Schools of the country publish their placement reports based on CTC or cost to company numbers.
There is a huge difference between CTC and in-hand salary. So if your question was related to 16 lakhs CTC then it could be a possibility but if your question was related to 16 lakhs in hand salary then it might vary.
The average salary package may also vary depending on the company and your overall academic performance. Some companies offer students a 18-20 LPA salary package but they also have better grades. Whereas some Mass recruiting companies like TCS often give lots of job offers but with a lesser salary package.
While working part-time in UAE students may earn up to 15 to 20 AED (338 to 450 INR) per hour and 160 AED (3,600 INR) per month. To work part-time students must maintain a minimum GPA of 2.2 every semester. International students may work 15 hours to per week 60 hours per month during semesters. During holidays, the students may work 40 hours per week to 160 hours per month.
Yes, 60 LPA is indeed a pretty decent salary for someone working in the IT industry. In fact, after 12 years do people even work for a salary anymore? I think their work-life needs other factors for motivation. These include your growth in the particular field, your understanding of the recent trends, you are being able to undertake risks successfully, or the recognition of things that might be beneficial for you in the long run. What I mean is after a long period of 12 years your salary is no longer the motivating factor. So instead of looking for a higher salary, focus on your own life and personal growth.
IISc Bangalore has an excellent placement scenario thanks to its active placement cell that conducts placement drives every year. My knowledge is limited to IISc placement 2021-2022 only. The average salary package stood at INR 23 LPA and the highest salary of IISc was recorded at INR 60 LPA.
Out of the total of 528, 276 graduating students were placed, and 6 UG students and 270 PG students were also placed. The median salary for UG students was recorded at INR 13.50 LPA, INR 20 LPA for the 2 years PG students, and INR 21.69 LPA for the 3 years PG students.
Some of the past recruiters included
IIM Ahmedabad easily ensures a high salary. One of my cousin's brothers was an IIM Ahmedabad pass out. Today he is working abroad for Amazon and earns around 1.8 crore.
Another friend, an IIM Ahmedabad pass out, is making 26 LPA. He was nowhere near 20% or 30% of the batch, neither in academics nor in terms of campus replacement figures.
So we can safely assume that even without much shifting of jobs, an IIM Ahmedabad passout would reach the 1 crore easily.
There are lots of factors that come into play regarding a high salary. However, sales and marketing jobs will provide not only top salaries but also distinguished career growth. The average salary for an entry-level MBA in India is INR 2.9 LPA, but it can gradually grow to INR 3.9 LPA and above within one year.
Getting a job with a high salary after becoming an MBA graduate is not tricky, provided you choose your MBA specialization wisely. The kind of MBA specialization you choose will have a more significant impact on the salary.
Highest paying MBA specializations:-
The top jobs after pursuing an MBA course are as follows:-
The salaries of MBA graduates are as follows:-
Job Profiles |
Minimum Salary |
Average Salary |
Maximum Salary |
Operations Manager |
INR 3.89 LPA |
INR 7.97 LPA |
INR 10.6 LPA |
Senior Business Analyst |
INR 4.76 LPA |
INR 9.44 LPA |
INR 11.7 LPA |
Human Resource Generalist |
INR 1.59 LPA |
INR 2.94 LPA |
INR 6.8 LPA |
Marketing Manager |
INR 2.98 LPA |
INR 7.56 LPA |
INR 12 LPA |
Business Development Manager |
INR 2.59 LPA |
INR 6.01 LPA |
INR 11.4 LPA |
The top recruiters hiring MBA graduates are Infosys, TCS, Amazon, Cognizant, Samsung, Capgemini, Adobe, Google, Microsoft, etc.
The choice of MBA specialization depends on your personality, skills, and career goals.
Those who prefer to crunch numbers and are comfortable delegating to the background with balance sheets may do well with the finance specialization.
Those who love to interact with clients, are creative and innovative, and can influence people easily can choose marketing as their specialization.
BITS Hyderabad offers good placement deals after finishing the Computer Science and Engineering program at BITS Hyderabad, all students are offered between 25 to 30 lakhs in annual compensation – it is really impressive. During the 2023 placements, the campus hosted 109 firms.
The most recent report is mentioned below in tabular form.
Particulars |
BITS Hyderabad Statistics 2023 |
Highest package |
INR 60.75 LPA |
Average package |
INR 30.37 LPA |
Top recruiters |
Adani Group, ICICI Bank, Axis Bank, , KPMG Accenture, L&T, IBM, EY, Barclays, Tata Steel, Yes Bank, IDFC First Bank, etc. |
The success of BITS Hyderabad alumni in getting good jobs is because the institute focuses on technical education and practical skills. The placement cell is also a huge help to students.
According to the placement 2023 data, an average salary one can expect from IIM Shillong is INR 26.96 LPA. The average salary is expected to increase every year by 15 - 20 percent. Last year in 2022, the average package of the students was INR 23.10 LPA and the average package increased by 16.70% in 2023.
Also, the highest salary went up to INR 71.30 LPA in 2023 and INR 55.22 LPA in 2022. From this one can understand that companies that come to IIM Shillong offer the highest package up to INR 71.3 LPA. If a student is good enough then they can also expect a salary up to 70 LPA. The highest packages offered in specific domains are as follows:
Domains | Highest Package |
---|---|
Consulting & Strategy | INR 31.2 LPA |
Finance | INR 41 LPA |
Sales & Marketing | INR 41 LPA |
General Management | INR 27.1 LPA |
Human Resource & Operations | INR 34.7 LPA |
ISB Hyderabad placement statistics are given below
Particulars |
Statistics |
Highest CTC |
INR 60 LPA |
Average CTC |
INR 34.07 LPA |
The components in the packages generally include
Apart from this, some companies give a joining bonus of around 1–3 Lakhs which might or might not be considered as a part of CTC.