SALARY FOR MBA CANDIDATE IN INDIA?

 SALARY FOR MBA CANDIDATE IN INDIA?

ABOUT MBA:-

MBA (Masters of administration) is a post-graduation degree program which is offered by UGC-approved universities. This course also contains 2 years duration. But this program is offered by the UGC-approved universities in Pan India. There are approximately 5500 universities that offer MBA courses. The curriculum of this course changes every 5 to 10 years. This makes the course irrelevant when we talk about the placement.

Top MBA Entrance Exams:-

CAT

XAT

MAT

CMAT

IIFT

SNAP

TISSNET MBA

IBSAT

NMAT

Factors on which MBA salary in India depends:-

The salary of MBA holders in India depends on a few things on which the salary depend in India. The MBA starting salary in India entirely depends on five main factors.

MBA specialization opted by the candidate, Experience of the candidate, Industry, Institute/ college from which a candidate has passed, Designation

The salary of an MBA is different from place to place. Here is a list given below which shows the salary of an MBA is totally different from one place to another, from one city to another, and from one state to another.

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

The average starting salaries of top MBA colleges are given below:

College Name Average MBA Salary

IIFT Delhi INR 20.48 LPA

SPJIMR Mumbai INR 26.36 LPA

NIT Trichy INR 6.5 LPA

VIT University, Vellore  INR 6.5 LPA

Jamia Millia Islamia University, New Delhi  INR 5 LPA

XLRI Jamshedpur INR 15 LPA

Chandigarh University, Chandigarh INR 5 LPA

Symbiosis Institute of Business Management, Pune  INR 20 LPA

NMIMS Mumbai INR 18 LPA

LBSIM New Delhi INR 9.2 LPA

BIMTECH Greater Noida INR 8.13 LPA

Banaras Hindu University, Varanasi  INR 7.2 LPA

Women University, HyderabadINR 5 LPA

MBA Salary for Colleges Placements:-  Here is a list given below in which the salary and name of the college mention which placement is given to students in the last semester of their MBA. 

College name Highest salary package

IIFT Delhi MBA placements

SPJIMR Mumbai MBA placements

NIT Trichy MBA placements

VIT University, Vellore   MBA placements

NMIMS Mumbai   MBA placements

LBSIM New Delhi   MBA placements

XLRI Jamshedpur   MBA placements

BHU, Varanasi   MBA placements

Woxsen University Hyderabad   MBA placements

Chandigarh University, Chandigarh   MBA placements

BIMTECH Greater Noida   MBA placements

Symbiosis Institute of Business Management, Pune   MBA placements

Jamia Millia Islamia University, New Delhi   MBA placements

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, and C has seen INR 70 lakh to INR 1 crore being offered as CTC.

  Name Average Salary

IIM  Ahemdabad INR 26.13 LPA

IIM  Banglore INR 26.18 LPA

IIM Calcutta INR 29 LPA

IIM Lucknow        INR 26 LPA

IIM Indore        INR 23.60 LPA

IIM Shillong INR 18.79 LPA

IIM Rohtak        INR 19.17 LPA

IIM Raipur        INR 15.20 LPA

IIM Kashipur INR 13.82 LPA

IIM Udaipur        INR 13.84 LPA

IIM Visakhapatnam   INR 13.08 LPA

IIM Amritsar   INR 12.61 LPA

IIM Sirmaur        INR 11.28 LPA

IIM Jammu        INR 10.64 LPA

IIM Bodh gaya   INR 11.20 LPA

What is the MBA Salary after IIT?

Here are a few college mentions in this list that provide salary to the MBA after getting their IIT. This list contains the name of the college as well as the average salary which will be received by the MBA holder person after the IIT given as under:

 Name of the college Average salary

IIT Bombay INR 20.8 LPA

  IIT Delhi INR 18.47 LPA

  IIT Madras INR 12.44 LPA

  IIT Dhanbad INR 8 LPA 

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

Finance INR 2,00,000 to INR 14,70,000

  Human Resource Management INR 4,50,000 to INR 15,50,000

  Information Technology INR 10,000 to INR 6,00,000

 Logistic Management INR 6,25,000 to INR 8,50,000

 Marketing Management INR 14,25,000 to INR 20,43,000

 What is the salary for MBA in Finance?

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 Annual Salary

Accounting Manager INR 6,81,213

  Credit Manager INR 5,97,609

 Finance Analytics INR 4,23,012

 Corporate Controller INR 1,198,309

What is the salary for MBA in HR? 

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

  Job Position  Average Annual Salary

 HR Manager INR 6,96,120

 SHR Consultant INR 6,34,227

 HR Operation Manager INR 9,00,000

Employee Relations Manager INR 7,32,503

What is the salary for MBA in  IT 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 Annual Salary

  Project Manager INR 14,82,500

  Business Development Manager INR 6,02,295

  Marketing Manager INR 9,80,500

  System Manager INR 9,00,908

What is the salary of MBA in Logistics Management 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 Annual Salary

 Logistic Officer INR 6,03,354

Logistic Supervisor INR 2,90,694

  Logistic Manager INR 6,06,122

  Supply Chain Coordinator INR 4,07,214

What is the salary of MBA in  Marketing? 

 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 is given below:

  Job Position    Lowest Salary Offered Highest Salary Offered

Business Development Executor INR 1.74 LPA INR 5.57 LPA

 Marketing Manager INR 2.91 LPA INR 20 LPA

  Media Planner INR 2.33 LPA INR 8.4 LPA

Sales Manager INR 2.45 LPA INR 10 LPA

  Product Manager INR 8.84 LPA INR 15 LPA

Assets Manger INR 2.59 LPA INR 10 LPA

 Digital marketing manager INR 3.2 LPA INR 15 LPA

Salary for Different Types of MBA:- 

a list given below in which types of MBA and their salary which will be get by the students is mention. MBA provides different mode of education through which people are able to continue their MBA according to their convenience . It is a way through which any person want to continue their study with their respective job they can do MBA  according to the way through which they are able to pursue the course. 

The list is include the types of MBA which is offered by UGC approved universities and affiliated college.  

  MBA Type Salary

 Regular INR 2.7 LPA

 Distance INR 3.5 LPA

Online INR 5 LPA

Executive INR 4 LPA

By going through this article you can clear your doubts related to the average salary you will get by after doing MBA in a different field as well as in specialization. In this article, almost salary package is mentioned according to the specialized area of the MBA. Hope so you can get your answer regarding the different salary package according to the area, designation, and other elements required to get salaries after MBA.