MBA Salary in India: A Complete Guide for Freshers & Experienced Professionals

MBA salary in India is increasing year by year as the demand for MBA graduates in the job market increases. The average MBA salary in India 2024 per month ranges from Rs. 70,000 to 12, 00,000 lakh, depending on the industry and experience. Top MBA colleges in India like IIMs provide jobs after MBA and salary ranging from 70 lakhs to 1 crore. The qualifications and experience of the candidate are directly proportional to the MBA salary in India per month offered by the company. Read this article to know in detail about the MBA full form salary, jobs after MBA, MBA average package, MBA highest salary in India, etc.

Types of MBA and Starting MBA Salary in India

After MBA jobs and salary will differ based on the designation. Check out below the MBA placement salary in India and its type.

Types of MBA	Starting MBA Degree Salary in India
Regular MBA	Rs 2.7 LPA
Distance MBA	Rs 3.5 LPA
Online MBA	Rs 5 LPA
Executive MBA	Rs 4 LPA

MBA Specialization and Salary per Month in India

Before or while pursuing an MBA program, students usually search for MBA full-form salary per month or in general what is the MBA in hospital management salary per month as per their MBA specialization. Check out the breakdown of the monthly MBA placement salary for graduates.

MBA Specialization	Average MBA salary in India per month
MBA marketing salary per month	Rs 65,000
MBA in digital marketing salary in India per month	Rs 45,000
MBA in finance salary India per month	Rs 60,000
MBA in HR salary in India per month	Rs 43,000
MBA in business analytics salary in India per month	Rs 45,000
MBA in entrepreneurship salary per month	Rs 45,000
MBA in operations salary per month	Rs 63,000
MBA in IT salary per month	Rs 48,000
MBA in event management salary per month	Rs 50,000
MBA in healthcare salary per month	Rs 50,000

MBA Salary in India: Experience-wise

MBA salaries with experience for graduates is higher than those of freshers. The MBA salary in India as per the experience of individuals is based on an evaluation of average salaries in various fields. Here are the details about MBA salary in India for experienced.

MBA specialization	MBA Salary in India for Freshers	MBA Salary in India after 5 years
MBA in Marketing	Rs. 3 LPA	Rs. 5 LPA+
MBA in Finance	Rs. 3.98 LPA	Rs. 6 LPA+
MBA in HR	Rs. 2.85 LPA	Rs. 5.25 LPA+
MBA in IT	Rs. 5 LPA	Rs. 7 LPA+

MBA Salary in India - IIMs and Top B-Schools

Check out the after-MBA salary in India offered by top B-schools and management institutions like IIMs.

Salary after MBA from IIMs

IIM MBA Graduate Salary in India is considered the highest MBA salary of MBA in India. The Indian Institute of Management offers the highest MBA package in India, up to Rs. 1 crore. Check out the MBA highest salary in India offered by IIMs given below:

Name of IIM	Highest MBA salary in India (per annum – Rs in lakh)	Average MBA salary in India (per annum - Rs in lakh)
IIM Ahmedabad	55.88	26.13
IIM Bangalore	32.10	26.18
IIM Calcutta	--	29
IIM Lucknow	51	26
IIM Kozhikode	46.88	22.50
IIM Indore	41.50	23.60
IIM Shillong	32.00	19.17
IIM Rohtak	22.80	13.74
IIM Ranchi	MBA – 22.37 MBA HR – 26.50	MBA – 15.11 MBA HR – 14.55
IIM Raipur	28.12	15.20
IIM Tiruchirappalli	25.00	14.96
IIM Kashipur	45	13.82
IIM Udaipur	40.00	13.84
IIM Nagpur	19.20	13.12
IIM Visakhapatnam	27	13.08
IIM Bodh Gaya	20	11.20
IIM Amritsar	40	12.61
IIM Sirmaur	26	11.28
IIM Sambalpur	18.92	11.61
IIM Jammu	24.50	10.64

MBA Package in India by Top B-Schools

The average placement MBA marketing salaries for some of the top business schools in the country are as follows:

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

Factors Influencing MBA Salaries

Experience: Previous work experience can significantly impact salary.
Location: Salaries vary widely by geographic location, with major cities often offering higher pay.
Specialization: An MBA with a focus (e.g., finance, marketing) can lead to higher-paying roles.
School Reputation: Graduates from top business schools often receive higher salary offers.
Industry Demand: Industries with high demand for MBA skills tend to offer better compensation packages.