MBA salary in India widely varies depending on the specialization streams, job profiles, experience levels, locations, institutions, and other salary affecting factors. According to Payscale, the average base MBA salary in India is INR 8,06,000 per annum for 4-6 yrs experienced candidates.
The MBA, short form of Master of Business Administration, is one of the most respected post-graduate degree courses in India as well as in the world. It takes a minimum of 2 years to complete the course from a UGC-recognized institution.
This course teaches students everything related to business administration and management and the demand for an MBA graduate is increasingly high in all businesses regardless of industries.
Before finalizing an Institute for pursuing an MBA degree, it’s important to explore the field thoroughly along with MBA salary in India to understand whether the field matches with the desired career plan.
However, an MBA can be done in 2 different ways – generic stream or specialized stream. A specialized MBA degree obviously gets more value than a generic MBA degree with better remuneration and other associated facilities.
Let’s have a deep look into MBA salary in India offered to top specializations.
MBA Salary in India – Based on Specializations
MBA Specialization Average Salary Range in India
MBA in Marketing INR 6 lakh – INR 20 lakh per annum
MBA in Digital Marketing INR 6 lakh – INR 22 lakh per annum
MBA in Finance INR 6 lakh – INR 15 lakh per annum
MBA in Human Resources INR 6 lakh – INR 12 lakh per annum
MBA in Business Analytics INR 6 lakh – INR 18 lakh per annum
MBA in Entrepreneurship INR 5 lakh – INR 18 lakh per annum
MBA in Operations Management INR 4 lakh – INR 12 lakh per annum
MBA in Information Technology INR 7 lakh – INR 25 Lakh per annum
MBA in Healthcare INR 6 lakh – INR 18 lakh per annum
MBA in Event Management INR 3 lakh – INR 12 lakh per annum
MBA in International Business INR 7 lakh – INR 18 lakh per annum
MBA in Management Consultant INR 7 lakh – INR 25 lakh per annum
MBA in Marketing Salary Range in India
MBA in Marketing is one of the most sought-after MBA programs for people who want to excel in the challenge of the marketing field. The most common modules of this course include retail marketing, business marketing, product management, customer relationship management, and brand management along with several leadership skills such as interpersonal skills and communication skills.
As per 2021, the average salary of an MBA in Marketing may range from INR 6 lakh to INR 20 lakh per annum in India depending on the job profile, experience, and location of the employer organization. Some examples of major employers include FMCG, retail, eCommerce, entertainment, financial, and marketing organizations.
MBA in Digital Marketing Salary Range in India
Digital marketing is considered the future of marketing. Almost all businesses, ranging from small startups to big corporates, are turning into digital marketing strategies nowadays. An MBA in Digital Marketing program teaches its students how digital marketing strategies can be applied effectively to a business to maximize sales and profits.
MBA in Digital Marketing students learn the entire digital marketing concept with various facets including SEO, SEM, SMM, email marketing, and content marketing among others, and their implementation by developing an effective integrated digital marketing plan.
In general, an MBA in Digital Marketing typically doesn’t learn the practical technical skills of digital marketing, instead learn only business management aspects. Therefore, most MBA in Digital Marketing students consider joining practical digital marketing certification courses separately.
Learning digital marketing skills in a hands-on practical manner helps MBA students get more value in the job market as well as better compensation. The average salary of an MBA in Digital Marketing may range from INR 6 lakh per annum to INR 22 lakh per annum majorly depending on the expertise on digital marketing skills.
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MBA in Finance Salary Range in India
MBA in Finance programs are highly demanded in the banking and financial sectors. An MBA in Finance passed out student gets a variety of job opportunities in several sectors such as corporate finance, credit risk management, private equity, corporate banking, asset management, sales and trading, hedge fund management, and many more.
The average salary of an MBA in Finance may range from INR 6 lakh to INR 15 lakh per annum according to expertise and experience levels.
MBA in Human Resources Management (HRM) Salary Range in India
Since Humans are the most important resources of an organization, it is essential to manage and utilize them properly. The managing ability of an organization to its human resources can be a big difference between its success and failure. For this reason, human resources management comes to the field of education.
The MBA in Human Resources Management program teaches its students to properly managing smooth HR functions regardless of the size and structure of an organization. HR professionals are required in every business across all industries; therefore, MBA in HR management students get plenty of opportunities in different sectors like retail brands, law firms, advertising agencies, media houses, IT companies, and more.
The average salary of an MBA in HR Management may range from INR 6 lakh per annum to INR 12 lakh per annum depending on the job profiles and experience levels.
MBA in Business Analytics Salary Range in India
In today’s tech-savvy world, data is the most vital factor in the process of planning, operation, and management in every industry. MBA in Business Analytics teaches data mining, data analysis, data warehousing, business analysis, and architecture among other related facets.
With the technological advancements, the opportunities of an MBA in Business Analytics are increasing day by day. However, as of now, the average salary of an MBA in Business Analytics may range from INR 6 lakh per annum to INR 18 lakh per annum in India depending on the competence and experience level.
MBA in Entrepreneurship Salary Range in India
MBA in Entrepreneurship is an exclusive program for managing business ventures and large corporations. It teaches students everything required to run and control the business processes of large enterprises.
An MBA in Entrepreneurship pass out student can get opportunities to hold different managerial posts including business executive, vice president, and chief executive officer (CEO) with an average salary range of INR 5 lakh to INR 18 lakh per annum depending on the experience level.
MBA in Operations Management Salary Range in India
MBA in Operations Management graduates get scopes to join various sectors like hospitality, retail, automobile, and IT. Job positions include assistant manager, business analyst, project manager, operations manager, and more.
The average salary of an MBA in Operations Management in India may range from INR 4 lakh per annum to INR 12 lakh per annum as per expertise and experience levels.
MBA in Information Technology (IT) Salary Range in India
With the rapidly rising scenario of Information Technology, the demand for MBA in Information Technology is very high. Job positions include IT manager, system manager, software project manager, and many more.
The average salary of an MBA in IT graduate in India is comparatively higher and may range from INR 7 lakh per annum to INR 25 lakh per annum depending on experience and expertise levels.
MBA in Healthcare Management Salary Range in India
MBA in Healthcare Management, also known as MBA in Hospital Management, is a specialized post-graduate management program for the healthcare industry. Some premium institutes require a prerequisite of holding medical graduation or allied healthcare graduation for pursuing this program.
Since the healthcare industry is booming nowadays, an MBA in Healthcare Management gets huge opportunities to join the industry with multiple management positions including healthcare finance manager, hospital CFO, hospital CEO, and more. The average salary of an MBA in Healthcare Management or MBA in Hospital Management may range from INR 6 lakh per annum to INR 18 lakh per annum in India depending on qualification and experience levels.
MBA in Event Management Salary Range in India
MBA in Event Management passed out graduates get scopes to join in several management positions such as event manager, trade manager, public relations officer, events marketing manager, and more. The average salary of an MBA in Event Management in India may range from INR 3 lakh per annum to INR 12 lakh per annum depending on experience and competence levels.
MBA in International Business Salary Range in India
MBA in International Business is highly respected among multinational companies. Aside from national job positions, this degree also provides global job opportunities. The average salary of an MBA in International Business may range from INR 7 lakh to INR 18 lakh per annum in India and significantly higher in international placements.
MBA in Management Consultant Salary Range in India
MBA in Management Consultant offers versatile job profiles across all industries. The main function of this degree is solving the problems of businesses. Though the salary range is usually higher compared to other streams, an MBA in Management Consultant earns a serious amount of money by selling consulting services.
The average salary of an MBA in Management Consultant may range from INR 7 lakh to INR 25 lakh per annum in India depending on the expertise and previous track records.
Factors That Affect MBA Salary in India
Some important factors affect the MBA salary in India significantly. Major MBA salary affecting factors include –
- Qualifications
- Experience
- Job roles
- Locations
MBA Salary in India on the Basis of Qualifications
Qualifications play an important role in determining an MBA salary in India.
Here’re a few examples of MBA salaries in India based upon qualifications –
- BBA + MBA salary in India – may range from INR 15 lakh to INR 18 lakh per annum.
- B. Com + MBA salary in India – may range from INR 6 lakh to INR 12 lakh per annum.
- CA + MBA salary in India – may range from INR 18 lakh to INR 25 lakh per annum.
- Plain graduation + MBA salary in India – may range from INR 3 lakh to INR 8 lakh per annum.
MBA Salary in India on the Basis of Experience
When it comes to deciding an MBA salary in India, experience is considered the most vital factor.
Here’re a few examples of comparison –
Fresh MBAs without experience – salary may start from anything between INR 3 lakh and INR 8 lakh per annum depending on qualifications.
MBA salary in India with experience up to 4 years – may range between INR 4 lakh and INR 10 lakh per annum.
MBA salary in India with experience over 5 years – may range from INR 6 lakh to INR 12 lakh per annum.
MBA salary in India with experience over 10 years – may range from INR 8 lakh to INR 25 lakh per annum.
MBA Salary in India on the Basis of Job Profiles
MBA people are hired in different job positions in different industries. Job profiles play a vital role in salaries.
A few examples are as follows –
Marketing manager – salary may vary from INR 6 lakh to INR 9 lakh per annum.
Business and strategy consultant – salary may vary from INR 9 lakh to INR 12 lakh per annum.
Project manager – salary may vary from INR 8 lakh to INR 10 lakh per annum.
Operations manager – salary may vary from INR 7 lakh to INR 13 lakh per annum.
Quality control manager – salary may vary from INR 5 lakh to INR 9 lakh per annum.
IT manager – salary may vary from INR 5 lakh to INR 12 lakh per annum in India.
Business development manager – salary may vary from INR 4 lakh to INR 10 lakh per annum in India.
Pharma product manager – salary may vary from INR 5 lakh to INR 12 lakh per annum in India.
MBA Salary in India on the Basis of Locations
MBA salary in India widely varies depending on the locations of the jobs. Different cities are found to be offering different ranges of salary on the basis of market value and cost of living.
For example, Haryana and Gurgaon are found to be the highest paying market for MBAs offering an average salary of around INR 7.5 lakh per annum. Whereas, studies found that MBAs in Hyderabad get the lowest average salary which is around 5.9 lakh per annum.
Final words
MBA is a highly demanded degree in the Indian job market as well as in the global job market. These specialized management degrees are obviously a perfect match between industries and career aspirants.
But, since these programs are highly prestigious and they are worth a lot of money and time, unfortunately, not everyone can pursue these prestigious degrees due to the lack of time, money, and resources.
Advanced Diploma in Digital Marketing can be a great alternative for people who cannot pursue an MBA but want to get similar earning opportunities and lifestyle or even more than MBAs.
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FAQs
What is the salary of an MBA in India?
As of 2021, as per the data of Payscale, the average base salary for an MBA is INR 8.6 lakh per annum. Major MBA salary affecting factors in India include qualifications, experiences, job profiles, locations, MBA institutions, and hiring organizations.
What is the alternative way to achieving a lifestyle like an MBA?
Digital marketing. Seriously, with the increasing use of the internet in the day-to-day lifestyle, all industries are found themselves forced to turn into online marketing channels. Therefore, the scopes and opportunities for making a high-income career in the digital marketing field are at the highest pace right now.
Nice information about the MBA salary.
Thank you very much for the Information. It is very helpful content.
so much informative blog. Nice guidance to all in MBA field