MBA Salary In India: Per Month, For Freshers, Experienced, Highest Salary, Specialization Wise

MBA Starting Salary in India

MBA salary in India are influenced by a number of variables, including job profiles, colleges, specializations, and salaries. In India, an MBA candidate should anticipate a starting salary of between INR 4.50 LPA and 9 LPA. A placement compensation package ranging from INR 15 LPA to INR 40 LPA is typically offered by some of the best and highest ranked MBA colleges in India. The table below lists the top MBA colleges in India along with their starting salaries for MBAs:

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Specialization Wise MBA Salary in India

The MBA program offers over 15 different sub-specializations. As previously noted, the pay for MBAs with various specializations frequently varies. One of the key variables in determining an individual's MBA salary is their area of specialization, which will determine the kind of job and sectors. In India, the most sought-after MBA specializations are HRM, Finance, and Marketing. The MBA specializations in India that pay the highest are shown in the following table -

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MBA Salary in India: Experience Wise

The experience-wise MBA Salary is mentioned in the tabular format below:-

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IIM MBA Salary in India

IIMs always rank among the top MBA universities globally due to their quality of education and technology-driven training. Here's the list of the top IIMs and their average MBA Salary in India -

IIT Salary

Few Indian Institute of Technology (IIT) colleges provide MBA programs. High and profitable job placement opportunities are the outcome of earning an MBA from one of India's top IIT colleges. During their placement drive, IIT colleges provide MBA students with Equator job offers, enabling them to secure high MBA salaries.

The top IIT colleges with the highest MBA salaries are the Shailesh J. Mehta School of Management at IIT Bombay and the Department of Management Studies at IIT Delhi. This table illustrates the average yearly salary that IITs offer -

Starting MBA Salary: Types of MBA

Highest MBA Salary In India: Top Colleges

MBA in Finance Salary

A finance-focused MBA specialization covers topics like international finance, money market & banks, Indian capital, management accounting & control, etc. Although it's one of the hardest MBA specializations, MBA Finance offers the highest MBA salary package along with some of the most prestigious job options. The following table presents the average salary for an MBA in Finance across a range of job profiles: 

Factors Affecting MBA Salary in India

Going for an MBA course is a wise decision. As a matter of fact, MBA is a lucrative course with a great future. If you have made up you mind to go for the MBA course, you must these factors in mind: 

Reputation and Recognition of your Business School

This is one of the most significant factors that affects placement and career growth as well. If you are passing out of TIER 1 MBA college, you will get a good package in most of the cases. Tiers 2, 3, 4 and 5 MBA school offer less placement package in comparison to TIER 1 college. You must look for TIER 1 MBA college as it has great infrastructure, exposure, faculty and track record of placement. 

Work experience

The amount of years you had work experience prior to enrolling in a degree program like this can also affect your pay. A greater wage may be awarded to those who have worked before after completing their post-graduation training. Additionally, throughout the admissions process, certain B-schools give advantage to applicants who have work experience. It could aid in your admission to the B-school of your choosing. In addition, a lot of employers favor employing applicants who have worked before because it makes it simpler to train them in a new setting.

Demand for the skills and specialization

Because fewer candidates possess a specialty like data analytics or bioscience, those with it may receive a higher wage. Also, due of the advantages you offer, you can be paid more if you have any special talents, such as digital technology. Employers also favor applicants who possess the ability to solve problems, analyze critically, and resolve conflicts because these abilities aid in achieving daily objectives.

Does an MBA increase your salary?

Generally speaking, earning an MBA will result in a pay raise. However, other elements, like the kind of B-School you went to or your prior work experience, could also have an impact on your pay. An MBA graduate from a Tier 1 university, for instance, is probably going to see a bigger pay boost than a post-graduate from a Tier 2 or Tier 3 university.
Additionally, the pay varies according on the kind of MBA program you select. A larger pay rise is typically offered by full-time MBA programs. Your area of expertise could enable you to demand a higher pay. You may usually anticipate a greater raise when you specialize in a field with high demand.

Is an MBA worth it in India?

India's burgeoning entrepreneurial culture and quick technological adoption make an MBA degree worthwhile. The degree program equips students with the managerial, technical, and leadership abilities needed to successfully manage and run a firm. The nation's MBA programs guarantee increased earning potential, a solid education in fundamental business concepts, and the opportunity to build a professional network. Building a successful career is aided by this.
An MBA is frequently required for many high-level executive roles, such as chief operating officer (COO) and chief financial officer (CFO). Getting an MBA can be your best bet if you want to grow in your profession and go toward a C-level executive position.