MBA salary in India is increasing year by year as the demand for MBA graduates in the job market increases. The average MBA salary in India 2024 per month ranges from Rs. 70,000 to 12, 00,000 lakh, depending on the industry and experience. Top MBA colleges in India like IIMs provide jobs after MBA and salary ranging from 70 lakhs to 1 crore. The qualifications and experience of the candidate are directly proportional to the MBA salary in India per month offered by the company. Read this article to know in detail about the MBA full form salary, jobs after MBA, MBA average package, MBA highest salary in India, etc.
Types of MBA and Starting MBA Salary in India
After MBA jobs and salary will differ based on the designation. Check out below the MBA placement salary in India and its type.
|
Types of MBA |
Starting MBA Degree Salary in India |
|
Regular MBA |
Rs 2.7 LPA |
|
Distance MBA |
Rs 3.5 LPA |
|
Online MBA |
Rs 5 LPA |
|
Executive MBA |
Rs 4 LPA |
MBA Specialization and Salary per Month in India
Before or while pursuing an MBA program, students usually search for MBA full-form salary per month or in general what is the MBA in hospital management salary per month as per their MBA specialization. Check out the breakdown of the monthly MBA placement salary for graduates.
|
MBA Specialization |
Average MBA salary in India per month |
|
MBA marketing salary per month |
Rs 65,000 |
|
MBA in digital marketing salary in India per month |
Rs 45,000 |
|
MBA in finance salary India per month |
Rs 60,000 |
|
MBA in HR salary in India per month |
Rs 43,000 |
|
MBA in business analytics salary in India per month |
Rs 45,000 |
|
MBA in entrepreneurship salary per month |
Rs 45,000 |
|
MBA in operations salary per month |
Rs 63,000 |
|
MBA in IT salary per month |
Rs 48,000 |
|
MBA in event management salary per month |
Rs 50,000 |
|
MBA in healthcare salary per month |
Rs 50,000 |
MBA Salary in India: Experience-wise
MBA salaries with experience for graduates is higher than those of freshers. The MBA salary in India as per the experience of individuals is based on an evaluation of average salaries in various fields. Here are the details about MBA salary in India for experienced.
|
MBA specialization |
MBA Salary in India for Freshers |
MBA Salary in India after 5 years |
|
MBA in Marketing |
Rs. 3 LPA |
Rs. 5 LPA+ |
|
MBA in Finance |
Rs. 3.98 LPA |
Rs. 6 LPA+ |
|
MBA in HR |
Rs. 2.85 LPA |
Rs. 5.25 LPA+ |
|
MBA in IT |
Rs. 5 LPA |
Rs. 7 LPA+ |
MBA Salary in India - IIMs and Top B-Schools
Check out the after-MBA salary in India offered by top B-schools and management institutions like IIMs.
Salary after MBA from IIMs
IIM MBA Graduate Salary in India is considered the highest MBA salary of MBA in India. The Indian Institute of Management offers the highest MBA package in India, up to Rs. 1 crore. Check out the MBA highest salary in India offered by IIMs given below:
|
Name of IIM |
Highest MBA salary in India (per annum – Rs in lakh) |
Average MBA salary in India (per annum - Rs in lakh) |
|
55.88 |
26.13 |
|
|
32.10 |
26.18 |
|
|
-- |
29 |
|
|
51 |
26 |
|
|
46.88 |
22.50 |
|
|
41.50 |
23.60 |
|
|
32.00 |
19.17 |
|
|
22.80 |
13.74 |
|
|
MBA – 22.37 MBA HR – 26.50 |
MBA – 15.11 MBA HR – 14.55 |
|
|
28.12 |
15.20 |
|
|
25.00 |
14.96 |
|
|
45 |
13.82 |
|
|
40.00 |
13.84 |
|
|
19.20 |
13.12 |
|
|
27 |
13.08 |
|
|
20 |
11.20 |
|
|
40 |
12.61 |
|
|
26 |
11.28 |
|
|
18.92 |
11.61 |
|
|
24.50 |
10.64 |
MBA Package in India by Top B-Schools
The average placement MBA marketing salaries for some of the top business schools in the country are as follows:
|
Name of the Institution |
MBA starting salary (per annum) |
|
Rs 21.1 Lakh |
|
|
Rs 19.17 Lakh |
|
|
Rs. 20.1 Lakh |
|
|
Rs 22.1 Lakh |
|
|
Rs 18.91 Lakh |
|
|
Rs 18.27 Lakh |
Factors Influencing MBA Salaries
- Experience: Previous work experience can significantly impact salary.
- Location: Salaries vary widely by geographic location, with major cities often offering higher pay.
- Specialization: An MBA with a focus (e.g., finance, marketing) can lead to higher-paying roles.
- School Reputation: Graduates from top business schools often receive higher salary offers.
- Industry Demand: Industries with high demand for MBA skills tend to offer better compensation packages.
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