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MBA Salary in India 2024 for Freshers and Experienced Professionals

8,000+

Students Trained & Placed

1,00,000+

Sq.Ft.of training area

45,000+

Worldwide Alumni Network

7

Kitchen Training Facility

₹ 60 Lakhs

UP to Scholarships

100%

Placement Assistance

International & National Internships only at 5-star Properties

One to One Corporate Mentorship

An Entrepreneurial Culture at the Campus

For most, an MBA's merit lies beyond its educational value. People who are experienced in their careers and those who are just starting out both want to know if getting an MBA degree is worth it in terms of what they invest and what they get back.   

Reports say that the employability of Indians with an MBA degree in 2024 was almost 71%, a rise from 60.1% in 2023. Companies looking to hire professionals for administrative and managerial roles prefer candidates with an MBA degree. 

Interestingly, candidates with an MBA degree draw lucrative pay packages. MBA salary in India depends upon professional experience and specialization. In this guide, we will give you an insight into MBA salary in India for freshers and experienced professionals. 

 

Which factors affect the MBA salary in India?

Let us take a quick look at the various factors which play a decisive role in determining salary for MBA graduates in India:

  • Work experience

Do you have an MBA degree and quite a few years of work experience? This combination can increase your salary and pave the way for promotion simultaneously. Experienced MBA salary in India are higher than those of freshers with an MBA. 

  • MBA Specialization

A host of MBA specializations are available for students who wish to broaden their earning potential and enhance their job prospects. Depending on the specialization chosen, one can find jobs in human resources, digital marketing, IT, finance, and marketing. 

  • Reputation of the Business School

The best business schools that offer specialized MBA programs attract big companies and employers. Candidates from such institutes often get placed in globally-recognized organizations with high salary packages. The reputation of your B-school plays a significant role in determining your MBA salary in India, irrespective of your experience. 

  • Geographical Location

Your workplace's geographical location impacts the salary of freshers and experienced MBAs. Cities with active business ecosystems offer higher salaries to MBA graduates than smaller cities and towns. 

 

 

 

Top MBA specializations 

As an MBA graduate, you can explore abundant job opportunities. The average annual salary of an MBA graduate is approximately INR 2.7 LPA, while the lowest and highest salary is INR 0.2 LPA and INR 20.1 LPA, respectively.

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Let us look at some popular MBA specializations and their corresponding salaries.

 

MBA in Digital Marketing

Digital marketing is a broad subject. For an MBA in Digital Marketing, there are many diverse job roles, including: 

  • Digital Marketing Associate
  • Digital Marketing Specialist
  • Digital Marketing Manager
  • Digital Marketing Coordinator
  • Digital Marketing Director

The average base salary of an MBA in Digital Marketing is approximately INR 5.72 LPA.

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Entry-level job roles for this sector include digital marketing coordinator or digital marketing assistant, etc. 

Salaries for such designations start at INR 1.24 LPA. The average base salary is between INR 2.92 LPA and INR 3.00 LPA. 

Experienced digital marketing professionals in designations like marketing director, vice president (Marketing), and director of digital marketing earn average salaries between INR 24 LPA and INR 31 LPA. 

 

 

MBA in Business Analytics

MBAs in Business Analytics are highly demanded in various sectors, such as healthcare, e-commerce, Information Technology (IT), etc. This job profile's main responsibilities include business analysis, data analysis, and market research.

Some prominent job profiles that you can pursue with this degree are:

  • Marketing Data Analyst
  • Business Analyst
  • Data Warehouse Analyst
  • Data-Mining Expert
  • Qualitative Analyst

The average salary for an MBA in Business Analytics is approximately INR 6.15 LPA. 

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MBA salary in India for freshers with an MBA in Business Analytics is approximately INR 2.97 LPA. 

With experience of 1-4 years, you can make INR 5.94 LPA, and in 5-9 years, INR 8.27 LPA. 

Professionals with 10-19 years of experience make almost INR 10 LPA. 

 

MBA in Finance

Candidates in the finance and business sector seek this MBA specialization to advance their careers. With such a degree, candidates can pursue job opportunities in leading business and finance companies such as JP Morgan, Bain & Company, and Ernst & Young.

Some popular job titles for an MBA in Finance are:

  • Senior Financial Analyst
  • Finance Manager
  • Project Manager
  • Senior Business Analyst
  • Data Analyst

The average salary for an MBA in Finance is approximately INR 2.7 LPA. 

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An entry-level candidate earns INR 0.2 LPA, while an experienced professional earns the highest salary between INR 17.6 and 20.1 LPA. 

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MBA in Marketing

Marketing is a diverse field with different job profiles. With an MBA in Marketing, you can explore sectors like:

  • Retail Marketing
  • Business Marketing
  • Product Management
  • Digital Marketing
  • Brand Management
  • Customer Relationship Management

 

Employers in this field include financial firms and agencies, FMCG brands, retail brands, entertainment brands, and e-commerce brands. 

The average base salary of a candidate with an MBA in Marketing is approximately INR 9.06 LPA. 

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Depending on the job title, an entry-level professional like a Marketing Executive makes approximately INR 1.81 LPA with this degree. 

Experienced professionals in senior positions earn up to INR 20 LPA-INR 30 LPA. 

 

MBA in Information Technology

This is the age of information technology. An MBA in Information Technology (IT) opens up rewarding career opportunities such as:

  • IT Software Project Managers
  • Information System Managers
  • Program Managers
  • Information Technology Directors

You will be amazed to know the average base salary of an MBA in IT is approximately INR 10 LPA

 

Experienced, senior-level professionals, such as IT Directors, earn salaries in the range of INR 20 LPA to INR 60 LPA. 

 

Closing thoughts on freshers and experienced MBA salary in India

The MBA specializations discussed here are popular and in high demand by leading industry giants. If you intend to pursue an MBA specialization, check out the career opportunities and the salary potential before making a final decision. 

Some specializations have comparatively high MBA salary in India for freshers. Before you decide on a course, make sure to thoroughly research on the specializations available, the types of jobs you might get after, and what opportunities there will be in the future. 

MBA aspirants can enroll in ITM Business School to pursue MBA specializations in:

Along with the industry-recognized curriculum, the MBA specialization programs include hands-on Capstone projects, career advancement assistance, and a five-month intensive industry internship. 

Visit itm.edu for further details. 

 

Frequently asked questions

1) How much is the MBA fresher salary per month?

An MBA fresher's monthly salary is between INR 18,000 and INR 25,000. However, the salary also depends on the specialization of the MBA. 

2) What are some MBA specializations that offer high salary packages?

MBA specializations that offer high salary packages include:

  • MBA in Business Analytics
  • MBA in Information Technology
  • MBA in Project Management
  • MBA in Healthcare Management
  • MBA in Logistics and Supply Chain Management, etc.

3) How helpful is an MBA for my future career?

If you want to give your career wings, you must have an MBA degree with a specialization of your choice. An MBA degree can boost your salary potential and give you many job options in different top industries.

4) What is the average annual salary of an MBA graduate in India?

The average annual salary of an MBA graduate is approximately INR 2.7 LPA in India.

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