MBA Salary in India
The Average Salary Offered to an MBA Graduate in India is ₹1,19,500 per month, which ranges between ₹30,000 and ₹2,00,000 per month. Additional cash compensation can range from ₹50,000 to ₹90,000 per month, depending on factors such as performance, company, and skills.
The demand for MBAs remains strong in 2024 across companies like the BIG 4, prominent product firms, and startups, as they look for graduates capable of managing diverse areas such as operations, marketing, and human resources. According to the All India Council for Technical Education (AICTE), 3,54,421 + students enrolled for MBA in 3,364 institutions across the country in 2023. for these MBA Graduates, there are a lot of jobs in the job market.
Table of Content
- MBA Salary Per Month in India
- MBA Salary in India: Based on Specialization Streams
- Highest Paying Jobs for MBA Candidates in 2024
- MBA Salary in India: Experience-wise
- MBA Salary in India: Company Wise
- MBA Salary in India: Designation-wise:
- MBA Salary in India: City-wise
- MBA Salary in Other Countries
- Factors Affecting MBA Salary in India
MBA Salary Per Month in India
The Average monthly salary of an MBA Graduate ranges from ₹30,000 – ₹2,00,000 depending upon your MBA specialization. In 2024, The MBA in finance will be the most demanding MBA specialization offering the highest starting salary to an MBA fresher.
Specialization | Average MBA Monthly Salary |
---|---|
MBA in Finance | ₹60,000 – ₹1,00,000+ per month |
MBA in Marketing | ₹50,000 – ₹80,000 per month |
MBA in Operations | ₹45,000 – ₹75,000 per month |
MBA in Human Resources (HR) | ₹40,000 – ₹70,000 per month |
MBA in IT & Systems | ₹50,000 – ₹85,000 per month |
MBA in Business Analytics | ₹55,000 – ₹90,000 per month |
MBA in Entrepreneurship | ₹40,000 – ₹80,000+ per month |
MBA in International Business | ₹50,000 – ₹80,000 per month |
MBA in Retail Management | ₹40,000 – ₹70,000 per month |
MBA Salary in India: Based on Specialization Streams
These days, you’ll find over 30 MBA specializations in India for post-graduation. Here, we’ll explore the most sought-after MBA specializations, including the job roles they offer and the initial salary for MBA jobs in India.
1. MBA Salary in Finance
Here’s the complete breakdown of jobs and starting salaries offered to freshers after MBA in finance in 2024:
Job Role | Average MBA Monthly Salary |
---|---|
Investment Banking | ₹70,000 – ₹1,00,000+ per month |
Financial Analyst | ₹50,000 – ₹80,000 per month |
Investment Management | ₹55,000 – ₹85,000 per month |
Corporate Finance | ₹50,000 – ₹80,000 per month |
Risk Management | ₹45,000 – ₹75,000 per month |
Equity Research | ₹50,000 – ₹80,000 per month |
Private Equity | ₹60,000 – ₹90,000+ per month |
Venture Capital | ₹55,000 – ₹85,000 per month |
Financial Consulting | ₹50,000 – ₹80,000 per month |
Treasury Management | ₹45,000 – ₹75,000 per month |
2. MBA Salary in Marketing
Here’s the complete breakdown of jobs and starting salaries offered to freshers after MBA in Marketing in 2024:
Job Role | Average Starting Salary Range |
---|---|
Product Marketing Manager | ₹55,000 – ₹85,000 per month |
Brand Manager | ₹50,000 – ₹80,000 per month |
Digital Marketing Manager | ₹50,000 – ₹80,000+ per month |
Market Research Analyst | ₹45,000 – ₹75,000+ per month |
Marketing Communications Manager | ₹50,000 – ₹80,000 per month |
Sales & Marketing Representative | ₹40,000 – ₹70,000 per month |
Content Marketing Manager | ₹45,000 – ₹75,000 per month |
Social Media Marketing Manager | ₹45,000 – ₹75,000+ per month |
Event Marketing Manager | ₹40,000 – ₹70,000 per month |
Customer Relationship Management (CRM) Specialist | ₹40,000 – ₹70,000 per month |
3. MBA Salary in Operations
Here’s the complete breakdown of jobs and starting salaries offered to freshers after MBA in operations in 2024:
Job Role | Average Starting Salary |
---|---|
Supply Chain Manager | ₹45,000 – ₹75,000 per month |
Operations Manager | ₹50,000 – ₹80,000 per month |
Procurement Manager | ₹45,000 – ₹75,000 per month |
Lean Six Sigma Specialist | ₹40,000 – ₹70,000 per month |
Quality Management Specialist | ₹40,000 – ₹70,000 per month |
Project Management Specialist | ₹45,000 – ₹75,000 per month |
Operations Analyst | ₹40,000 – ₹70,000 per month |
Manufacturing Planning & Control Specialist | ₹40,000 – ₹70,000 per month |
Warehouse Manager | ₹40,000 – ₹70,000 per month |
4. MBA Salary in Human Resources (HR)
Here’s the complete breakdown of jobs and starting salaries offered to freshers after MBA in Human Resources in 2024:
Job Role | Average Starting Salary |
---|---|
HR Generalist | ₹40,000 – ₹70,000 per month |
Recruitment Specialist | ₹40,000 – ₹70,000 per month |
Talent Management Specialist | ₹45,000 – ₹75,000 per month |
Compensation & Benefits Specialist | ₹40,000 – ₹70,000 per month |
Training & Development Specialist | ₹40,000 – ₹70,000 per month |
Industrial Relations Specialist | ₹40,000 – ₹70,000 per month |
HR Analytics Specialist | ₹45,000 – ₹75,000 per month |
HR Business Partner | ₹50,000 – ₹80,000 per month |
Diversity & Inclusion Specialist | ₹45,000 – ₹75,000 per month |
Organizational Development Specialist | ₹45,000 – ₹75,000 per month |
5. MBA Salary in IT & Systems
Here’s the complete breakdown of jobs and starting salaries offered to freshers after MBA in IT & Systems in 2024:
Job Role | Average Starting Salary |
---|---|
IT Project Manager | ₹50,000 – ₹85,000 per month |
Business Systems Analyst | ₹45,000 – ₹75,000 per month |
Data Center Manager | ₹45,000 – ₹75,000 per month |
Cloud Computing Specialist | ₹45,000 – ₹75,000 per month |
IT Consultant | ₹50,000 – ₹80,000 per month |
Business Intelligence Analyst | ₹45,000 – ₹75,000 per month |
IT Security Analyst | ₹45,000 – ₹75,000 per month |
6. MBA Salary in Business Analytics
Here’s the complete breakdown of jobs and starting salaries offered to freshers after MBA in Business Analytics in 2024:
Job Role | Average Starting Salary (INR per month) |
---|---|
Business Analyst | ₹50,000 – ₹80,000 per month |
Data Analyst | ₹45,000 – ₹75,000 per month |
Marketing Analyst | ₹45,000 – ₹75,000 per month |
Financial Analyst | ₹50,000 – ₹80,000 per month |
Risk Analyst | ₹45,000 – ₹75,000 per month |
Data Scientist | ₹55,000 – ₹85,000+ per month |
Business Intelligence Specialist | ₹45,000 – ₹75,000 per month |
Pricing Analyst | ₹45,000 – ₹75,000 per month |
Customer Insights Analyst | ₹45,000 – ₹75,000 per month |
7. MBA Salary in Entrepreneurship
Here’s the complete breakdown of jobs and starting salaries offered to freshers after MBA in Entrepreneurship in 2024:
Job Role | Average Starting Salary Range |
---|---|
Business Development Manager | ₹40,000 – ₹80,000+ per month |
Product Manager | ₹45,000 – ₹75,000+ per month |
Consultant | ₹50,000 – ₹80,000 per month |
Investor Relations Specialist | ₹45,000 – ₹75,000+ per month |
Marketing Manager | ₹40,000 – ₹70,000+ per month |
Fundraising Specialist | ₹45,000 – ₹75,000+ per month |
Operations Manager | ₹40,000 – ₹70,000 per month |
Franchise Consultant | ₹45,000 – ₹75,000+ per month |
Innovation Specialist | ₹45,000 – ₹75,000+ per month |
8. MBA Salary in International Business
The Starting Salary Range after MBA in International Business is ₹50,000 – ₹80,000 per month. Here’s the complete breakdown of jobs and starting salaries offered to freshers after MBA in International Business in 2024:
Job Role | Average Starting Salary Range |
---|---|
Import/Export Manager | ₹50,000 – ₹80,000+ per month |
International Marketing Manager | ₹55,000 – ₹85,000+ per month |
Global Business Developer | ₹55,000 – ₹85,000+ per month |
International Trade Specialist | ₹45,000 – ₹75,000 per month |
Logistics Coordinator | ₹40,000 – ₹70,000 per month |
Customs Broker | ₹40,000 – ₹70,000 per month |
Business Liaison Officer | ₹40,000 – ₹70,000 per month |
Highest Paying Jobs for MBA Candidates in 2024
Here are some of the top highest-paying jobs after an MBA for 2024
- Investment Banking Associate
- Management Consulting Analyst
- Private Equity Analyst
- Venture Capital Associate
- Business Development Manager
- Product Manager
- Marketing Manager
- Data Analyst
- Business Analyst
- Sales Manager
- Product Marketing Manager
- Digital Marketing Manager
MBA Salary in India: Experience-wise
Experience Level | Average Salary (₹) | Range (₹) |
---|---|---|
Fresher | 5-7 lakhs | 3-10 lakhs |
1-3 years | 7-10 lakhs | 4-15 lakhs |
4-7 years | 10-15 lakhs | 8-20 lakhs |
8+ years | 15-20 lakhs | 12-30 lakhs |
MBA Salary in India: Company Wise
Company | Average Salary (₹) | Range (₹) |
---|---|---|
McKinsey & Company | 25-30 lakhs | 18-35 lakhs |
Bain & Company | 22-27 lakhs | 16-32 lakhs |
BCG | 20-25 lakhs | 15-30 lakhs |
Hindustan Unilever | 15-20 lakhs | 12-25 lakhs |
ITC | 14-18 lakhs | 10-22 lakhs |
Amazon | 13-17 lakhs | 9-20 lakhs |
MBA Salary in India: Designation-wise
Designation | Average Salary (₹) | Range (₹) |
---|---|---|
Management Consultant | 15-20 lakhs | 12-25 lakhs |
Marketing Manager | 12-16 lakhs | 8-20 lakhs |
Finance Manager | 13-17 lakhs | 10-22 lakhs |
Operations Manager | 11-15 lakhs | 8-18 lakhs |
Business Analyst | 10-14 lakhs | 7-16 lakhs |
MBA Salary in India: City-wise
City | Average Salary (₹) | Range (₹) |
---|---|---|
Mumbai | 16-20 lakhs | 12-25 lakhs |
Delhi | 15-18 lakhs | 10-22 lakhs |
Bangalore | 14-17 lakhs | 9-20 lakhs |
Pune | 12-15 lakhs | 8-18 lakhs |
Hyderabad | 11-14 lakhs | 7-16 lakhs |
MBA Salary in Other Countries
Here is the list of Countries that offer good salaries to an MBA graduate:
Country | Average Starting Salary |
---|---|
United States | $115,000 |
Switzerland | $123,500 |
Australia | $107,000 |
United Kingdom | $92,400 |
Singapore | $82,700 |
Canada | $77,200 |
Germany | $77,200 |
France | $90,000 |
Hong Kong | $85,600 |
China | $56,000 |
Factors Affecting MBA Salary in India
Here are five factors that affect your MBA Salary in India:
- Type of Industry: Different industries offer varying salary packages based on their financial health and demand for MBA skills. For example, consulting and finance sectors often offer higher salaries compared to non-profit or government sectors.
- Experience and Seniority: Generally, the more experience you have, the higher your salary. Senior management positions like CEO or director typically command higher salaries than entry-level roles.
- Location: Salaries can vary significantly based on the city or region where you work. Metro cities like Mumbai, Delhi, and Bangalore usually offer higher salaries due to the higher cost of living and greater demand for skilled professionals.
- Company Reputation: Established companies and multinational corporations often offer higher salaries to MBA graduates compared to smaller or lesser-known companies. Brand reputation and financial stability play a role in determining salary packages.
- Negotiation Skills: Your ability to negotiate your salary during the hiring process can impact your final compensation package. Candidates with strong negotiation skills and a clear understanding of their market value are likely to secure higher salaries
Conclusion
The future of MBA looks promising as industries continue to value the diverse skill sets and strategic thinking that MBA graduates bring to the table. With the evolving business landscape and the rise of technology-driven industries, MBAs are expected to play a crucial role in navigating complexities and driving innovation.
As globalization expands and businesses seek to expand into new markets, the demand for MBA talent with cross-cultural competence and global business understanding is likely to rise.
MBA Salary in India – FAQs
Who earns more CA or MBA?
A CA’s average salary is around INR 8.06 LPA, whereas an MBA Graduate’s salary ranges between INR 4 to 5 LPA.
Which MBA has the highest salary in India?
MBA in Banking & Financial Services has the highest salary.
Can I do MBA without maths?
Yes, you can pursue the MBA degree after completing 12th Commerce without Maths.
How many types of MBA are there?
You can choose from six main types of MBAs that are full-time MBA, part-time MBA, online MBA, flexible MBA, global MBA, and executive MBA.
What is the qualification for an MBA?
A bachelor’s degree or equivalent (10+2+3) in any discipline from a UGC-accredited university with 50% aggregate
Contact Us