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.

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:

1. 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.
2. 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.
3. 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.
4. 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.
5. 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