MBA Salaries in India 2024: Insights for Freshers and Experienced Professionals

Updated on: Aug 23, 2024

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The starting MBA salary in India can range between INR 7,00,000 to INR 12,00,000 per annum. Students are pursuing their higher education in digital marketing by enrolling for a Post Graduation in Digital Marketing, equivalent to an MBA-level course. Ace digital marketing with IIDE now.

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The MBA (Master of Business Administration) is one of the most sought-after postgraduate programmes globally, with India being a central hub.

Pursuing an MBA in 2024 continues to be one of the most potent ways to upskill yourself for a higher salary in your career. It’s widely recognised that adding an MBA degree to your resume can significantly boost your earning potential, making it easier to command a better package during your next appraisal.

According to Indeed, the average MBA salary in India ranges between 6 lakhs and 23 lakhs per annum. This broad MBA salary range in India reflects variations based on factors like the reputation of the B-school, work experience, chosen specialisation, and demand for that particular skill.

One impressive statistic to note is that the potential salary boost for any MBA graduate can be as high as 383%, highlighting the significant impact this degree can have on your career growth.

In this blog, we’ll break down the MBA salary in India in 2024, exploring different categories, key factors influencing salary, and much more.

If you’re keen to explore further, don’t miss out on these insightful digital marketing blogs as well—they’re packed with valuable information to enhance your career journey.

This guide will cover everything you might need to know about MBA salaries in India. We’ve organised the information into easy-to-read sections, classifying salary data based on critical factors for your convenience.

But, before getting into the details about the average MBA salary in India, it’s important to understand how to begin your MBA journey. Most institutes in India require applicants to clear specific entrance exams that assess their skills and knowledge. These exams are crucial in determining your path towards securing a degree and ultimately achieving a competitive MBA salary in India. Here are some of the top MBA entrance exams in India:

 

Entrance Exams for MBA in India

  1. CAT (Common Admission Test): The most popular exam for admission to top B-schools, including IIMs, assessing quantitative ability, verbal ability, and logical reasoning.

  2. CMAT (Common Management Admission Test): A national-level exam conducted by the NTA for admission to AICTE-approved management programmes in India.

  3. MAT (Management Aptitude Test): Conducted by AIMA, it is accepted by many B-schools in India and assesses language, mathematical skills, data analysis, and reasoning.

  4. XAT (Xavier Aptitude Test): Conducted by XLRI Jamshedpur, this exam is accepted by over 160 institutes, focusing on decision-making, verbal ability, and logical reasoning.

  5. NMAT (NMIMS Management Aptitude Test): Administered by GMAC, it’s accepted by NMIMS and other leading B-schools, evaluating language skills, quantitative skills, and logical reasoning.

  6. SNAP (Symbiosis National Aptitude Test): An entrance exam for Symbiosis institutes, testing general English, quantitative ability, and analytical reasoning.

  7. ATMA (AIMS Test for Management Admissions): A national-level exam accepted by over 500 management schools, testing verbal reasoning, numerical reasoning, and analytical skills.

  8. GMAT (Graduate Management Admission Test): An internationally recognised exam for admission to global business schools, focusing on analytical writing, integrated reasoning, quantitative skills, and verbal reasoning.

MBA Aspirants must get the minimum required score to be admitted to their preferred institute.

mba mobile sticky

Entry-Level MBA Salary in India

Once you complete your MBA, a world of opportunities opens up. As a fresh graduate with no prior experience, the entry-level MBA salary in India typically starts at around ₹3,00,000 per year. However, this can vary based on your specialisation. For instance, the MBA marketing salary in India and the MBA finance salary in India may differ significantly depending on industry demand and your skills.

With time, experience, and consistent performance, the average MBA salary in India tends to increase, offering substantial growth prospects. Employers look for more than just academic knowledge; freshers are expected to bring strong communication, practical presentation skills, sharp decision-making abilities, and a deep understanding of their specialisation. The right combination of these skills can set you on a path towards a rewarding MBA salary in India as you progress in your career.

It’s crucial to highlight one key aspect of the MBA programme’s core curriculum: exploring various case studies. These case studies offer invaluable insights into multiple brands for example, how the marketing strategy of Oreo helps the company captivate audiences and become a household name.

Students worldwide engage with these case studies to understand the success of iconic brands. If you’re concerned about missing out on these fascinating insights, don’t worry! Our collection of digital marketing case studies has you covered. These meticulously designed studies are tailored to satisfy your curiosity and offer a deep dive into the strategies behind successful brands. Now, let’s get back on track with our topic.

 

Experience-Based MBA Salary in India

For MBA graduates with work experience, salaries significantly jump compared to freshers. Here’s a look at MBA salaries in India based on different levels of experience:

  • MBA Salary with 1-4 Years of Experience in India

With 1-4 years of experience, the average MBA salary in India can rise to around ₹4,00,000 per annum. Specialisations like MBA marketing salary in India and MBA finance salary in India might vary depending on the industry and role.

  • MBA Salary after 5 Years in India

After five years of experience, professionals typically see their salary increase to an average of ₹8,00,000 annually. This growth reflects the rising value of seasoned professionals in key areas like marketing and finance.

  • MBA Salary with 10 Years of Experience in India

With over ten years of experience, the average salary in India reaches approximately ₹14,00,000 per annum. At this stage, specialisation plays a significant role, with roles in finance or marketing often commanding higher packages.

Whether starting with an entry-level MBA salary in India or looking to progress, these figures highlight the promising growth potential for MBA graduates across various fields.

PS: If an MBA isn’t on your radar and you’re more inclined towards a creative career path, why stick to the traditional route? Instead, dive into this free Instagram marketing masterclass. Uncover career opportunities that match your passion and learn how to start earning from home sooner than you think.

 

MBA Salary in India Based on Qualifications

Qualifications are key factors in determining your earning potential. Let’s take a closer look at how different qualifications impact MBA salaries in India:

  • B.Com + MBA Salary in India

For those with a B.Com followed by an MBA, the average MBA salary in India starts at ₹7.25 lakhs per annum. However, it’s advisable to first gain 2-3 years of work experience after your B.Com to get hands-on industry knowledge before pursuing an MBA. This approach can help you secure a stronger entry-level MBA salary in India once you graduate.

  • BBA + MBA Salary in India

A BBA is already a valuable qualification, and combining it with an MBA significantly boosts your career prospects. Graduates from top institutes like IIMs or NMIMS Mumbai can expect salaries of around ₹18 lakhs annually. Whether your focus is on MBA marketing salary in India or MBA finance salary in India, your specialisation can increase your earning potential.

  • CA + MBA Salary in India

Combining a Chartered Accountancy qualification with an MBA allows you to climb the corporate ladder rapidly. The dual degrees sharpen your analytical skills and enhance your leadership capabilities. A well-experienced CA with an MBA can earn anywhere from ₹20 to ₹25 lakhs annually, mainly if they specialise in finance, making the MBA finance salary in India among the highest in the market.

  • Executive MBA Salary in India

For professionals opting for an Executive MBA, the salary can range from ₹2.5 lakhs to ₹8 lakhs per annum, depending on prior work experience and the prestige of the institute. This path is ideal for those aiming for a significant salary boost while continuing to advance in their careers.

Each qualification and specialisation offers unique career growth opportunities, with salaries varying according to experience, skills, and the industry you choose.

 

 

MBA Salary in India – Breakdown of Each Specialization

Choosing a specialized field is recommended as it helps a student gain in-depth knowledge of the area of specific interest.

Specialization Average Salary (LPA) Range
MBA in Marketing INR 7,82,000 7L-25L
MBA in Digital Marketing INR 5,50,000 5L-25L
MBA in Finance INR 7,30,000 7L-22L
MBA in HR INR 5,20,000 5L-8L
MBA in Business Analytics INR 5,40,000 5L-18L
MBA in Entrepreneurship INR 5,50,000 5L-20L
MBA in Operations INR 7,60,000 5L-10L
MBA in IT INR 5,77,000 5L-12L
MBA in Event Management INR 6,00,000 2L-18L

 

1. MBA in Marketing Salary in India

An MBA in marketing can help individuals accelerate their interpersonal and communication skills, help them think out of the box, and enhance their leadership skills.

The job roles that an MBA in Marketing graduate can be eligible for are business marketing, digital marketing, retail marketing, brand management, product management, and customer relationship management.

As of 2023, the MBA marketing salary in India ranges between ₹7 lakhs and ₹25 lakhs per annum, depending on experience and the employer. Top recruiters include marketing agencies, FMCG companies, e-commerce brands, retail chains, entertainment sectors, and financial firms. For fresh graduates, the entry-level MBA salary in India may be on the lower end, but with experience and expertise, this figure can significantly increase.

MBA Salary in India - Marketing

(Source: Payscale )

Top Institutes Offering an MBA in Marketing: IIM Calcutta, IIM Bangalore, IIM Ahmedabad, Indian School of Business Hyderabad, XLRI Jamshedpur, and IMT Ghaziabad.

Some of the top recruiters for MBA in marketing graduates include Amazon, Vodafone, Hindustan Unilever, Samsung, and Flipkart.

2. MBA in Digital Marketing Salary in India

The scope of digital marketing is expanding rapidly, with everyone from small businesses to well-established brands embracing it, especially in the post-pandemic world. An MBA in Digital Marketing opens doors to this dynamic field and equips you with essential skills like SEO, SEM, SMM, brand management, client servicing, email marketing, and more.

Pursuing an MBA in Digital Marketing is emerging as the next big thing in the industry. Alongside strategy development, this specialisation provides you with both managerial and technical skills crucial for a successful career in digital marketing. As you enter the job market, you’ll find that the entry-level MBA salary in India for digital marketers is promising, with significant growth potential over time.

Dig Deeper The what, why, where, and how of a career in digital marketing.

An MBA graduate can expect an average starting salary of INR 5 lakh per annum depending on their job role and the highest starting salary is INR 10 lakhs per annum.

MBA Salary in India- Digital Marketing

 

Top Institutes Offering an MBA in Digital Marketing: IIDE, NMIMS & MET

Indian Institute of Digital Education

MBA Salary in India - iide logo

IIDE offers the best MBA in Digital Marketing in India. It is an exhaustive 11-month program that offers guaranteed placement assurance with an average CTC of 4.5 LPA; the highest is 12 LPA. The top recruiters include Reprise Media, iProspect India, Social Kinnect, Schbang, and Resultrix.

The Institute of Digital Marketing is a testament to how specialised education can further enhance these aspirations, bridging the gap between current expertise and future ambitions.

Alternatively, if you’re looking for a quicker option, you can always consider this online digital marketing course. It’s ideal for those who want to dive into digital marketing without committing too much time to a lengthy programme.

Check this out: If you’re contemplating pursuing an MBA in marketing and digital marketing, here’s an ultimate guide on MBA in Digital Marketing vs Marketing.

3. MBA in Finance Salary in India

An MBA in Finance remains one of the most sought-after specialisations in India, offering a range of lucrative career opportunities for finance and business enthusiasts. The average MBA salary in India for finance graduates is approximately ₹7.5 lakhs per annum, with top placements reaching as high as ₹22 lakhs per annum in 2023.

In comparison, while the MBA finance salary in India is impressive, other specialisations like marketing also offer competitive packages.

MBA Salary in India - Finance

(Source: Payscale)

 

Top Institutes Offering an MBA in Finance: IIM Calcutta, IIM Bangalore, IIM Ahmedabad, NMIMS Mumbai, XLRI Jamshedpur, and MDI Gurgaon.

Goldman Sachs, Morgan Stanley, JP Morgan, KPMG, Ernst & Young, and Bain & Company are some of the top recruiters.

4. MBA in Human Resources Salary in India

As organisations expand in size and complexity, the demand for skilled HR professionals grows alongside them. The smooth functioning of HR operations is critical to ensuring that businesses run efficiently.

With the increasing need for effective human resource management across sectors, HR professionals are becoming indispensable and are often rewarded with competitive salary packages.

HR expertise is valued in almost every industry, leading to a rising HR employee-to-company ratio, currently at 1.4 full-time HR employees per 100 staff members. When it comes to compensation, the MBA HR salary in India averages around ₹5,25,000 per annum as of 2023, with top-tier starting salaries reaching up to ₹8 lakhs.

MBA Salary in India - HR

(Source: Payscale )

Top Institutes Offering an MBA in HR: IIM Ranchi, NMIMS Mumbai, XLRI Hyderabad, MDI Gurgaon and Tata Institute of Social Sciences (TISS).

5. MBA in Business Analytics Salary in India

The conventional job roles for an MBA in Business Analytics include data analyst, business analyst, marketing data analyst, data mining expert, qualitative analyst, and data warehouse architect. As the demand for professionals in this field grows, pursuing an MBA in Business Analytics can be a strategic move to enhance your leadership and decision-making skills.

Regarding compensation, the average MBA salary in India for Business Analytics graduates is around ₹6,00,000 annually, with the highest packages reaching up to ₹18 LPA. Comparatively, an entry-level MBA salary in India varies depending on specialisation, whether in Business Analytics, MBA Marketing salary in India, or MBA Finance salary in India. The MBA HR salary in India can also be competitive for those exploring HR roles, providing a broad spectrum of lucrative opportunities for graduates.

In today’s world, AI is integrated into everything we do, and marketing is no exception. If you’re doing an MBA or planning to, make sure you’re ready to dive into the world of AI. And what better way to get started than with this free ChatGPT masterclass.

MBA Salary in India- Business Analyst

Top Institutes Offering an MBA in Business Analytics: NMIMS Mumbai, ISB Hyderabad, IIM Bangalore, Symbiosis Centre for Information Technology (SCIT) Pune, and Welingkar Institute of Management Mumbai.

MNC, E-commerce firms, IT companies, financial consultancies, and retail and manufacturing companies are some of the recruiters. Some of the top employers in India include Larsen & Toubro, Amazon, Reliance Group of Companies, American Express, Morgan Stanley, and McKinsey and Company.

6. MBA in Entrepreneurship Salary in India

This degree equips you with a well-rounded understanding of managing a business or launching a successful venture. Graduates can pursue managerial roles like Chief Executive Officer (CEO), Vice President, Business Consultant, and Executive positions, with the specific role depending on experience. An MBA in entrepreneurship hones analytical thinking and strategic decision-making, making graduates critical drivers of a company’s growth.

This specialisation suits those aiming for senior managerial roles in finance, marketing, human resources, and business management. For instance, the MBA finance salary in India and MBA marketing salary in India can vary significantly based on industry demand and the level of expertise. On average, those starting with an MBA in entrepreneurship can expect an entry-level MBA salary in India of around ₹5,00,000 per annum, with the potential to exceed ₹20 LPA as they gain experience.

Top Institutes Offering an MBA in Entrepreneurship: Symbiosis Institute of Business Management, NMIMS Mumbai, XLRI Jamshedpur, S.P. Jain Institute of Management and Research Mumbai, and IIM Ahmedabad.

Some popular recruiters include JP Morgan, Dell, Infosys, Wipro, and Deloitte.

7. MBA in Operations Management Salary in India

The job roles for this type of degree include operations manager, business analyst, assistant manager, general operations manager, and project manager. The need for this position can be in any sector, from retail, automobile, and IT to hospitality.

With companies beginning to realise the importance of operations management, the scope of an MBA in operations management has been on the rise.

An Operations Management MBA graduate from a well-renowned management institution earns an average of INR 8,00,000 annually as of 2023. Freshers can expect an average salary of about Rs. 5 lakh annually.

MBA Salary in India- Operations Management

 

Top Institutes Offering an MBA in Operations Management: IIT Roorkee, IIT Bombay, IIT Chennai and VGSOM Kharagpur.

Some of the top recruiters in India are Maruti Suzuki, Blue Dart, Amazon and Wipro.

8. MBA in Information Technology Salary in India

Job roles for an MBA graduate specialising in IT include positions such as Information Systems Manager, IT Director, Software Project Manager, and Programme Manager. With the rapid growth of the IT sector in India, these roles remain in high demand across industries.

The entry-level MBA salary in India for an IT graduate typically ranges from ₹4,00,000 to ₹6,00,000 per annum, depending on factors like the reputation of the business school, company, and location. With 1 to 4 years of experience, the average salary often increases to around ₹5,50,000 to ₹7,00,000 per annum. Moving up the ladder, the average MBA salary in India for an IT Manager is around ₹12 lakhs per year.

MBA Salary in India- International Technology

 

Top Institutes Offering an MBA in Information Technology: Symbiosis Centre for Information Technology (SCIT) Pune, Jamnalal Bajaj Institute of Management Studies (JBIMS), IMT Ghaziabad, MDI Gurugram, K.J. Somaiya Institute of Management Studies and Research Mumbai.

Some of the top recruiters in India are Infosys, Accenture, Apple, Wipro, Disney, Microsoft, and ESPN.

9. MBA in Event Management Salary in India

Graduates with an MBA in event management can access various exciting job roles, including Event Manager, Client Servicing Executive, Area Events Manager, Public Relations Officer, Events Marketing Manager, and Trade Manager. This specialisation equips professionals with the expertise to manage large-scale events and handle high-profile clients.

Regarding compensation, the MBA salary in India for event management graduates varies widely based on experience and skills. For entry-level positions, such as freshers, the entry-level MBA salary in India typically starts around ₹1.5 lakhs per annum. However, with growth and experience, this can rise significantly, reaching up to ₹18.5 lakhs per annum.

MBA Salary in India - Event Manager

Top Institutes Offering an MBA in Events Management in India: NMIMS Mumbai, IIFT New Delhi, NID Ahmedabad, and National Institute of Event Management Pune.

Some of the best recruiters in India include IDIB, Bajaj Auto, Reliance, WizCraft, Sita Conferences, Cox and King, and 360 Degrees.

Now, let’s look at the MBA Salary in India after graduating from top institutes.

 

MBA Salary in India At Top Institutes

Top institutes provide robust placement assistance for MBA students, with leading global companies actively seeking talent from these prestigious campuses. As a result, the MBA salary in India is significantly influenced by the solid corporate connections these institutes maintain.

Top MBA Institutes in India Average MBA Salary (INR) Top Recruiters
Indian Institute of Digital Education (IIDE) 5.3 LPA Kinnect, Times of India, Zomato, TikTok, One Plus India
NIIT University 4.6 LPA IBM, Morgan Stanley, Genpact
Lovely Professional University 3.5 LPA Bosch, Cognizant, Informatica, Capgemini
Regional College of Management 8 LPA ICICI Bank, Cognizant, Airtel
Taxila Business School 6.5 LPA Asian Paints, UpGrad, Berger Paints, CoolBoots
Symbiosis Institute of Digital and Telecom Management 10 LPA Fireworks, MindTree, Times Internet, Wipro Infotech

 

How much is the MBA Salary for IIM Graduates?

IIMS consistently 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 in India and their average MBA Salary in India-

IIMs In India Average MBA Salary (INR) Top Recruiters
IIM Ahmedabad 26.13 LPA Boston Consulting Group, McKinsey, Tata Consultancy Services
IIM Bangalore 33.16 LPA Amazon, McKinsey, Microsoft, Paytm, Oyo Rooms
IIM Calcutta 34 LPA IIFL, Zomato, Nykaa, Amazon
IIM Indore 25.01 LPA Cipla, Deloitte, Bajaj, Hero, ICICI Bank
IIM Shillong 23 LPA Adobe, IBM, EY, Salesforce, Pepsico
IIM Lucknow 31 LPA Myntra, Landmark, African Industries Group
IIM Kozhikode 22.5 LPA Google, KPMG, Microsoft, EY

 

High Paying Job Profiles for MBA Graduates

Given below are some of the high-paying roles for MBA graduates along with an average income bracket as per Payscale.

1. Project Manager

MBA salary in India- Project Manager

 

Project management requires technical, analytical, and managerial skills which makes an MBA graduate the perfect choice. Financial planning, team building, business strategy, and project supervision is their job role. The average salary is about 9.5 lakh Rs. per annum.

2. Investment Banker

MBA Salary in India- Investment Banker

 

Investment bankers are some of the most highly paid professionals in India. Many companies have a prerequisite of having an MBA degree for being eligible to apply. A fresher’s base pay is around Rs. 9 lakh per annum.

3. Business and Strategy Consultant

MBA Salary in India- Business strategy and consultant

 

This is a popular stream for MBA graduates with sufficient experience. The average salary for a business consultant is around Rs. 10 lakh per year.

4. Marketing Manager

MBA Salary in India- Marketing manger

 

Marketing managers are high in demand in every sector. They help a company grow leaps and bounds with marketing strategies and analysis. The average salary of a marketing manager is Rs. 7 lakh per annum.

 

MBA Salary in India per month

The average MBA Salary in India is INR 37,500 per month. However, it varies according to the specialisation you opt for. The average salary for an MBA in Digital Marketing is INR 45,000 monthly.

Now that you know where the MBA salary in India stands, some factors can influence your salary package.

 

 

Top 4 Factors That Determine Your Salary

  • MBA Institution

Graduating from a good institute largely determines your salary package. An IIM institute in India guarantees a salary of between Rs. 6 lakh to Rs. 28 lakh per annum.

The ranking of your B-school plays a significant factor here. In today’s day and age, the environment is very competitive and cut-throat. The more prestigious your institution, the more likely you will secure a high salary package. One must conduct in-depth research on each institute’s placement figures before securing a place.

  • Work Experience

The number of years and relevant work experience is directly proportional to an MBA graduate’s salary package. The more years of relevant experience one has the higher the package. Employers seek loyal candidates who have a vision and can help the company grow.

  • Job Profile

The type of work profile also determines the kind of compensation that one would be offered. MBA graduates are hired in diverse sectors depending on their expertise and how they can help an organisation grow and maximise its output. The kind of job profile would be directly linked to the return on investment after the MBA degree. Hence, one needs to have a clear idea of the job profile they seek.

  • Geographical Location

Although an MBA salary depends mainly on the job role and qualification, it also depends on the location of the job. Different cities offer different pay scales based on crucial factors such as the cost of living and market value. Cities such as Delhi, Mumbai, Bangalore, and Chennai offer the highest-paid MBA jobs in India.

mba mobile sticky

Conclusion

To sum up, pursuing an MBA is a smart investment that not only helps you upskill but also secures a promising future. The potential earnings reflect the bright prospects ahead for MBA graduates. Most people choose an MBA to unlock managerial roles, climb the corporate ladder, or even pivot their careers entirely.

The MBA salary in India varies based on several factors such as experience, industry, specialisation, and location. For example, the entry-level MBA salary in India can differ greatly from what more experienced professionals earn. Specialisations like MBA marketing salary in India, MBA finance salary in India, and MBA HR salary in India each come with their own salary expectations depending on the demand and expertise in those areas. On average, the salary growth potential for MBA graduates remains impressive.

If you’re exploring career options, don’t miss out on reading about careers after an MBA in Digital Marketing. We’ve also addressed some of the common questions related to MBA salaries in India in 2024. We hope this blog has provided valuable insights. Share your thoughts or questions in the comments below—we’d love to hear from you!

 

Essential Insights for You

While an MBA is a great achievement, imagine the edge you’d gain with an MBA in Digital Marketing. Digital marketing is undeniably shaping the future, and whether you embrace it or not is up to you. Still sceptical? Check out the digital marketing courses in thane and digital marketing courses in south-delhi to see the possibilities.

Of course, these are only our just metropolitan options, consider the digital marketing courses in patna as well. Don’t overthink it—enrol in these courses and discover this field’s incredible opportunities!

FAQs About MBA Salary in India

Q1. What is the scope of an MBA in India?

There is immense scope for MBA aspirants in India, and the number is increasing daily. Most reputed colleges have placement cells that help their MBA students secure jobs in the country’s best blue-chip organisations. The recruiters have trust and good faith in these colleges built over the years.

Q2. What is the MBA Salary in India for freshers?

On average, the MBA Salary in India for freshers is INR 3,00,000 per annum. Your starting salary depends upon the industry average, skillset, and interview performance.

Q3. Does an MBA pay you well?

MBA helps you with an advanced education and soft skills training in your specialisation. Hence, it pays much more than your previous job.

Q4. Does an MBA guarantee a job?

Only those MBA institutes that offer 100% placement assistance guarantee a job after graduation. For example, suppose you wish to do an MBA-level course in Digital Marketing. In that case, IIDE offers placement services with Oneplus, Times of India, Kinnect, Schbang, Zomato, etc, as some of their recruiters.

Q5. What is the minimum salary after an MBA?

The starting salary for fresh graduates per month in India can vary from around Rs. 2,24,000 to Rs. 4,24,000 per annum. One can climb up the ladder faster than someone who does not hold an MBA degree.

Q6. Which MBA specialisations have more job opportunities?

MBA in Digital Marketing, Finance, Entrepreneurship, Marketing, and Management has the highest job opportunities after graduation.

Q7. What are MBA alternatives in India?

A PGDM is a Post-Graduate Diploma Programme in Management offered by private institutions and is one of the most popular alternative degrees in India for an MBA. The eligibility, fee structure, and syllabus of both programs are similar.Even though both MBA and PGDM graduates are offered similar job roles, there might be a difference in their salary packages. The average salary of an MBA graduate is INR 22,00,000 per annum, and the average salary for a PGDM graduate is INR 16,50,000.

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Meherzad Karanjia

Ex Chief Learning Officer, IIDE

He has over 19 years of experience in the Digital Marketing and Design space. He is someone who understands all the elements of the Digital gamut ranging from User Experience, Graphics Design, SEO, SEM, Analytics, Media Planning.....[Read full bio]

61 Comments

  1. Aryana Acharya

    How does the salary for an MBA graduate in India change with the years of experience?

    Reply
  2. Om Kinage

    The insights on MBA salaries in India and how they vary by specialization and experience are particularly useful for anyone considering this degree.

    Reply
  3. Ashutosh.M.Hiremath

    Meherzad Karanjia’s insights on MBA salaries in India for 2024 provide valuable information for both freshers and experienced professionals, helping them understand the current market trends and salary expectations.

    Reply
  4. Hridant Ashar

    MBA is one of the most versatile degree with lakhs of students graduating from every college. The salary for MBA graduates in India varies significantly based on factors such as the institute from which they graduate, their specialization, work experience, and the industry they join. Graduates from top-tier business schools like the Indian Institutes of Management (IIMs) can expect higher starting salaries, often ranging from INR 20-30 lakhs per annum. Mid-tier business school graduates might see starting packages in the range of INR 8-15 lakhs per annum.
    While an MBA can significantly boost earning potential, it’s essential to consider the return on investment, including tuition fees and living expenses, before making a decision. Ultimately, the value of an MBA is not just in the immediate salary boost but also in the long-term career growth and opportunities it can provide.

    Reply
  5. Rakshit Pathak

    This is the exact information which I was looking for regarding the Mba salary in India

    Reply
  6. Christina Samuel

    This blog regarding the MBA salaries in India shares a breakdown of all types of MBA courses and their salary ranging from freshers to experienced. This was very helpful as it helps students know what to keep in my mind before pursuing a certain degree or a course. MBA salaries in India can vary widely based on factors such as the reputation of the business school, the individual’s work experience, industry, and job role. This blog will help you understand all these aspects in depth.

    Reply
  7. Unnati Jain

    The article provides a comprehensive guide to MBA salaries in India for 2024, covering various classifications, factors affecting salary, and entrance exams, making it a valuable resource for MBA aspirants.

    Reply
  8. Bhavik Singh Chauhan

    This piece is really helpful for understanding what MBA graduates can expect in India. It’s a valuable resource for anyone considering an MBA or looking to advance their career.

    Reply
  9. ANI

    Great insights on MBA salaries in India. How crucial are internships for landing high-paying roles? Any top companies or sectors offering notable internship opportunities?

    Reply

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