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Jagpreet
19 April, 2025
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The job market for MBA graduates has increased substantially, and companies are willing to pay more for the right candidate. It is imperative to say that the salary of an MBA in India is increasing as the number of students graduating each year is rising. The average MBA salary per month for fresher and experienced candidates may lie between INR 50,000 and INR 2,00,000, respectively.
Surveys conducted by WTW and Aon suggest that the average MBA degree salary in India is expected to increase by 9.5% to 9.8% in 2025. This marks a modest rise from the 9.3% increase reported by Aon for 2024. Let’s explore more about MBA salary in India according to specialisation, location, experience and organisation.
For most aspirants, the usual reasons for pursuing an MBA are career growth and increased potential income. Moreover, this programme adds brand value to the professionals and thus assists in securing a higher salary package after MBA. The MBA average salary in India, according to pay scale, ranges between INR 6 – 15 LPA; however, it may increase as per certain factors (organisation, experience, location, etc). Of course, various factors affect salary packages, such as technical skills, relevant experience, company, B-school, and specialisation.
As you know, there are various MBA specialisations offered by renowned colleges. You can choose the specialisation that suits your interest. But what about the salary? Let’s see the MBA degree salary in India according to specialisations.
An MBA professional in this field has to take care of accounting, financial planning, budgeting, international finance, etc. Some of the job profiles are accounting manager, credit manager, financial analyst, and corporate controller and the top recruiters in this field are EY, HDFC Bank, Accenture, TCS, and ICICI Bank.
The basic job role in the marketing department is the promotion and positioning of the brand, its products, and its services via effective marketing strategies and campaigns. Some of the job profiles are marketing manager, business development manager, area sales manager, etc. Professionals in this field can find various opportunities in the FMCG sector, financial services, advertising agencies, etc.
The job role of the HR Manager is to oversee policies, procedures, recruitment, training, and compliance of the employees. All companies require HR professionals, and there are enough opportunities in this specialisation. Some of the common job profiles are HR Manager, HR Generalist, and HR business partner. After an MBA in HR, you can find a job in companies such as TCS, IBM, Amazon, Deloitte, EY and Cognizant.
The average MBA salary in India is dominated by the specialisation. Business Analytics is required in all organisations, and there are plenty of opportunities in IT, healthcare, financial institutions, e-commerce, etc. The job responsibilities include data analysis, market research, and business analysis. You can get a job in companies such as Tableau, Capgemini, EXL, Quantiphi and Genpact.
The healthcare market is on the rise in India, especially after the coronavirus pandemic. Prevalent job profiles for healthcare management include Hospital Administrator, Healthcare Manager, Hospital CFO & CEO, Pharmaceutical Production Manager, etc. Some of the top recruiting companies are Cipla, Apollo Life, Wipro GE Healthcare, and Cadila Healthcare.
Some of the top recruiters include TCS, JP Morgan, Standard Chartered Bank, Accenture, and Capgemini. The average pay range for an MBA IT salary is high among all the specialisations. After completing an MBA in International Business, you get familiar with a global market that opens a vast pool of opportunities. You can see yourself in roles including investment banker, banking professional, operations manager and more.
The job role in this domain includes portfolio management and security & investment analysis, whereas Barclays, RBS, Nomura, JP Morgan, and Goldman Sachs are some of the top companies in this field. The salary of an MBA in India with banking and finance specialisation is around INR 5 LPA – 10 LPA, and with experience, it goes as high as INR 20 to 35 LPA. Job roles include finance manager, finance analyst and audit officer.
A manager in this domain is responsible for making important policy and strategic decisions and ensuring their effective implementation. Damco, BlueDart, First Flight, GAIL, ONGC, and NHPC are the major recruiters. Operation management job roles are diverse in nature and depend upon the industry. However, some of the prominent job roles are operation analyst, logistic manager, quality control manager, and supply chain manager.
Some of the job profiles in this field are transportation/distribution, retail, warehouse, and procurement manager. You are responsible for managing logistics and looking for operations in order to maximize productivity. The supply chain industry is increasing day by day in India due to the rise in e-commerce sales. Companies like Shadowfax, Delhivery, Shiprocket, Xpressbees, and E-kart are expanding their business. You can work here as procurement manager, inventory control manager, purchasing manager, and planning manager.
An MBA salary in India depends on the institute, experience, and specialisation domain. However, it majorly depends upon your experience. Check the average MBA degree salary in India based on experience.
| Experience | Average Salary Range |
|---|---|
| 0–2 years (Entry-level roles) | INR 4 LPA – 8.9 LPA |
| 2–5 years (Mid-level managerial roles) | INR 10 LPA – 20 LPA |
| 5+ years (Senior roles, leadership positions) | INR 21 LPA – 40.8 LPA |
India has tier-1, 2, and 3 cities. You may have noticed that every city does not have enough corporate organisations. However, Delhi-NCR, Bangalore, Pune, and Mumbai are known as corporate hubs. Here, you may find the majority of MBA degree graduates. Check the average MBA salary in India based on location.
| Location | Average Salary Range |
|---|---|
| Bangalore | INR 10 LPA – 25 LPA |
| Mumbai | INR 10 LPA – 22 LPA |
| Delhi-NCR | INR 8 LPA – 20 LPA |
| Hyderabad/Pune | INR 7 LPA – 18 LPA |
| Kolkata/Chennai | INR 6 LPA – 15 LPA |
Various multinational companies in India give you an edge in every sector of your career. From top consulting firms to tech giants, an MBA is known for its diverse salary ranges. Check the average MBA IT salary, start-ups and consulting firms salary in India.
| Company | Average Salary Range |
|---|---|
| Top Consulting Firms (e.g., BCG, McKinsey) | INR 10 LPA – 35 LPA |
| Tech Giants (e.g., Google, Amazon) | INR 20 LPA – 30 LPA |
| Indian Conglomerates (e.g., Tata, Reliance) | INR 8 LPA – 20 LPA |
| Public Sector Units | INR 7 LPA – 15 LPA |
| Startups (funded) | INR 6 LPA – 20 LPA |
💡 Note: Salaries can vary based on the MBA institute’s ranking, specialisation, role, and negotiation skills.
Salary Source: Glassdoor, AmbitionBox and Indeed
Here you can see placement data of top 10 colleges with highest and average salary range. The highest salary represents the maximum compensation offered to a student during the placement season. It may include international offers. However, the average salary figures are calculated based on the total compensation packages.
| College Name | Highest Salary (INR) | Average Salary (INR) |
|---|---|---|
| IIM Calcutta | 1.37 Cr | 36.79 LPA |
| IIM Ahmedabad | 1.08 Cr | 36.41 LPA |
| IIM Bangalore | 1.00 Cr | 35.92 LPA |
| FMS Delhi | 1.23 Cr | 34.10 LPA |
| IIM Mumbai | 54.00 LPA | 33.84 LPA |
| SPJIMR Mumbai | 81.00 LPA | 33.00 LPA |
| XLRI Jamshedpur | 75.00 LPA | 29.89 LPA |
| IMT Ghaziabad | 34.76 LPA | 28.51 LPA |
| SIBM Pune | 49.00 LPA | 28.16 LPA |
| IIM Kozhikode | 72.02 LPA | 28.05 LPA |
Sources: First report news, Times of India, IIRF Ranking
Just to reiterate the fact, these salary ranges are not fixed and are highly variable based on professional capabilities, skills, and relevant experience. Nevertheless, for an MBA graduate in any specialisation, opportunities are vast. Now, you know the salary of an MBA in India is very diverse and depends upon factors such as experience, location and specialisation. However, there is no end for a capable candidate to get high-end salaries. After reading the blog, it is helpful for you to choose your domain wisely.
An MBA graduate in India typically earns between INR 30,000 and INR 2,50,000 per month, depending on the institute, experience, job role, and company.
CAs and MBAs can both earn well. Generally, top-tier MBA graduates earn more, but a CA with strong experience and specialisation can also earn a high salary. A CA salary in India and an MBA salary may be quite similar at times, depending on the candidate’s capability.
Yes, an MBA is a high-paying job, especially from top institutes. Salaries vary by specialisation, experience, and industry but often increase with time.
Yes, many MBA graduates from reputed institutes such as IIM, FMS and XLRI earn INR 1 lakh or more per month, especially in roles related to consulting, finance, tech, or management.
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