MBA Salary in India: A Complete Guide for Freshers & Experienced Professionals

By universitykart team , Posted on Jul 03, 2024
MBA Salary in India

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)

IIM Ahmedabad

55.88

26.13

IIM Bangalore

32.10

26.18

IIM Calcutta

--

29

IIM Lucknow

51

26

IIM Kozhikode

46.88

22.50

IIM Indore

41.50

23.60

IIM Shillong

32.00

19.17

IIM Rohtak

22.80

13.74

IIM Ranchi

MBA – 22.37 MBA HR – 26.50

MBA – 15.11 MBA HR – 14.55

IIM Raipur

28.12

15.20

IIM Tiruchirappalli

25.00

14.96

IIM Kashipur

45

13.82

IIM Udaipur

40.00

13.84

IIM Nagpur

19.20

13.12

IIM Visakhapatnam

27

13.08

IIM Bodh Gaya

20

11.20

IIM Amritsar

40

12.61

IIM Sirmaur

26

11.28

IIM Sambalpur

18.92

11.61

IIM Jammu

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)

FMS Delhi

Rs 21.1 Lakh

MDI Gurgaon

Rs 19.17 Lakh

XLRI Jamshedpur

Rs. 20.1 Lakh

SPJIMR Mumbai

Rs 22.1 Lakh

JBIMS Mumbai

Rs 18.91 Lakh

IIFT Delhi

Rs 18.27 Lakh

Factors Influencing MBA Salaries

  1. Experience: Previous work experience can significantly impact salary.
  2. Location: Salaries vary widely by geographic location, with major cities often offering higher pay.
  3. Specialization: An MBA with a focus (e.g., finance, marketing) can lead to higher-paying roles.
  4. School Reputation: Graduates from top business schools often receive higher salary offers.
  5. Industry Demand: Industries with high demand for MBA skills tend to offer better compensation packages.

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