In recent years, demand for MBA professionals that have lead to steady growth in MBA salaries in India. For MBA aspirants, one of the most influential aspects of selecting the program is the impressive MBA starting salary per month.
The blooming sectors like finance, operations, IT, product management, consulting, e business and entrepreneurship have witness steady growth in MBA salaries in India. MBA salaries depend on factors like location, experience, specialization, college placement cell and industry/department.
In this blog we will provide extensive guide on post-MBA salary in India. It will cover fresh graduates MBA salaries per month, highest MBA salary in India and MBA salaries offered in in-demand specialisation and a dedicated focus on MBA in finance salaries per month.
MBA Starting Salary Per Month in India
MBA salary level majorly varies on the basis of candidate’s skills, location, chosen specialization, work experience and industry/department. MBA graduates from top colleges like IIMs, IIT, XLRI and KCC-ITM can easily secure average 10 LPA-25 LPA MBA salaries. This salary range will increase with upskilling, individual performance and experience/promotion.
The highest MBA salary in India is acquired by those candidates who are top achievers in areas like investment banking, consulting, product management, and technology leadership roles. IIMs , ISB Hyderabad; FMS, Delhi and SPJIMR, Mumbai offers highest MBA salary in India that ranges from28LPA to 1Cr.
In India, MBA starting salary per month is determined by institute reputation, job role, city, and specialization chosen. Following is the list of MBA starting salary per month in top MBA colleges with the college total course fee and MBA salaries depending on top specialization with their average salary in LPA and average monthly salary for MBA graduates:
|
Sr.No.
|
Top Indian Institutes
|
Total course fees
|
Average salary in LPA
|
Average monthly salary(per month)
|
|
1
|
IIM Ahmedabad
|
26.5 Lakh
|
34.41 LPA
|
2,86,750
|
|
2
|
KCC Institute of Technology and management (KCC-ITM)
|
2.6 Lakhs
|
10.8LPA-24LPA
|
90,000–2,00,000
|
|
3
|
IIM Calcutta
|
27 Lakhs
|
35.07LPA
|
2,92,250
|
|
4
|
IIM Bangalore
|
26.15 Lakhs
|
35.92LPA
|
2,99,333
|
|
5
|
ISB Hyderabad
|
33.16 Lakhs
|
33.25LPA
|
2,77,083
|
|
6
|
FMS Delhi
|
2.32 Lakhs
|
34.1LPA
|
2,84,166
|
|
7
|
XLRI Jamshedpur
|
14.7–30.6 Lakhs
|
28.68LPA
|
2,39,000
|
|
8
|
SPJIMR Mumbai
|
21 Lakhs
|
32LPA
|
2,66,666
|
|
9
|
IIM Kozhikode
|
23.50 Lakhs
|
28.05LPA
|
2,33,750
|
|
10
|
IIM Lucknow
|
14.3 Lakhs
|
30LPA
|
2,50,000
|
|
11
|
MDI Gurgaon
|
24 Lakhs
|
23LPA
|
1,91,666
|
|
12
|
JBIMS Mumbai
|
6 Lakhs
|
22LPA
|
1,83,333
|
MBA Salaries depending on industry and specialization
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MBA Salaries depending on industry and specialization
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|
Specialization
|
Freshers’ Annual Salary
|
Monthly Salary Estimate
|
|
Finance
|
₹18–30 lakh
|
₹1,50,000 – ₹2,50,000
|
|
Marketing
|
₹13–22 lakh
|
₹1,08,000 – ₹1,83,000
|
|
Business Analytics
|
₹15–26 lakh
|
₹1,25,000 – ₹2,16,000
|
|
IT/Tech/Product Management
|
₹15–35 lakh
|
₹1,25,000 – ₹2,91,000
|
|
HR
|
₹9–16 lakh
|
₹75,000 – ₹1,33,000
|
|
Operations
|
₹10–20 lakh
|
₹83,000 – ₹1,66,000
|
Mentioned above figures are subject to double or triple within 5–7 years. It will change especially if graduates move into mid-management and CXO roles in high-growth companies.
MBA in Finance Management
A remarkable choice for aspirants, who are superior with numbers and analytical skills. Specialization in finance management is selected by candidates who are seeking employment in finance department and keen to learn about profit-loss analysis in business, cash management and investments.
Advantages:
MBA in Finance Management specialization offers-
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strong base for CA(Chartered Accountant) and CFA(Chartered Financial Analyst),
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increase career opportunities in corporate and banking sector and
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high salary roles
Skills:
Finance Management specialization trains MBA graduates with following skills-
Career roles:
Finance Management offers various job roles, mentioned below are top career roles that offer lucrative MBA salaries:
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Investor Banker
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Accountant
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Analyst
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Risk Manager
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Finance Manager
Recruiters:
Mentioned below are the top recruiters for MBA candidates pursuing finance management specialization:
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HDFC bank
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Deloitte
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KPMG
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Goldman Sachs
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Paytm
MBA in Finance salary per month
The average MBA in Finance salary per month for freshers in top metro cities ranges from 50,000 – 2, 00,000 and increases with experience and skills. Finance aspirant’s aims for roles in risk management, hedge funds, and fintech, is offered highest MBA salary in India ranging from 18LPA-40LPA.
With rising market demand and technological changes MBA in finance salary per month is the most attractive among the other MBA specialization. Candidates, with strategic career planning, strong CAT scores, relevant internships, and strong networking can ensure handsome post MBA salary in finance department.
Mentioned below is the list of job roles after MBA in finance and MBA in finance salary per month:
|
Job Role
|
Average Monthly Salary (Freshers)
|
Key sectors
|
|
Financial Analyst
|
₹50,000 – ₹83,000
|
Banks, NBFCs and finance consulting firms.
|
|
Investment Banking Analyst
|
₹90,000 – ₹1,60,000
|
Investment banks and global MNCs
|
|
Credit Risk Analyst
|
₹50,000 – ₹75,000
|
Banks and credit rating agencies
|
|
Business Analyst
|
₹58,000 – ₹83,000
|
Corporates, IT and consulting companies.
|
|
Corporate Finance Associate
|
₹70,000 – ₹1,25,000
|
Large corporates and MNCs
|
|
Risk Manager
|
₹83,000 – ₹1,25,000
|
BFSI, fintech and insurance
|
|
Relationship Manager
|
₹40,000 – ₹66,000
|
Private banks and wealth management.
|
|
Portfolio Manager
|
₹58,000 – ₹1,00,000
|
Mutual funds and investment firms
|
|
Accounts Manager
|
₹40,000 – ₹66,000
|
Manufacturing and corporate companies.
|
|
Junior Equity Analyst
|
₹58,000 – ₹83,000
|
Stock brokerage and research
|
|
Treasury Analyst
|
₹55,000 – ₹90,000
|
Corporate treasuries and banks
|
|
Private Equity Associate
|
₹1,25,000 – ₹2,00,000
|
PE firms and investment funds
|
MBA in finance offers ample of growth potential in major urban centers (Mumbai, Delhi NCR, and Bangalore). Highest MBA salary in India is expected in such cities for MBA in finance fresh graduates due to corporate presence and higher cost of living.
The MBA in finance salary per month increases with experience. The senior job roles like Finance Manager, AVP (Finance), Senior Analyst, and Associate Director requires 5+ years of experience, the salary of such roles ranges from 1,50,000–4,00,000+ per month.
Is an MBA Worth It in India?
Indian MBA curriculum is known for its continuous academic training and assessment through numerous practical’s and theory examinations. Institutions like IIMs/IITs have outstanding MBA program.
Indian institutes like IIMs/KCC-ITM/ISB/XLRI regularly conduct campus placements, with close to 100% placement at top companies. Placement cells drive offers from MNCs like Amazon, Microsoft, HCL, Tata, Accenture, Infosys, Deloitte, and more
The MBA salaries range from 12LPA to 35LPA with top colleges total fees ranging from 2.6Lakhs to 25 lakhs offering high ROI in colleges like IIMs/KCC-ITM/XLRI. The placement guarantee is higher in India and job mobility is largely domestic.
Following are the MBA Cost Structure in India:
|
Cost Component
|
India
|
|
Tuition Fees
|
2.6L–25 Lakhs
|
|
Living Expenses
|
5L–8 Lakhs
|
|
Scholarships
|
Government/ University
|
India’s ROI achieved in 2–3 years of post-graduation as the salary covers total fees quickly. KCC-ITM offers MBA dual specialization with 2.6Lakhs total educational fees with placement starting from 10LPA to 20 LPA.
Tips to Improve MBA Salaries in India
Mentioned below are the tips to improve MBA salaries in India:
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The admission in premier institutes provides brand and alumni networks that increase the chances of placements and MBA salaries in India.
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Selecting high-demand sectors like finance, analytics, consulting, IT, and FMCG leads to high MBA starting salary per month.
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Choosing in-demand specializations impacts the salary package of MBA graduates. The in-demand specializations are MBA in finance, business analytics, and digital marketing.
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Candidates who have 3-5 years work experience will have high MBA starting salary per month after course completion.
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Candidates should focus on skill upgrading through add onn certifications such as CFA, PMP, Lean Six Sigma, or analytics tools (Python, R, Power BI) drive salary boosts.
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Prime location such as metro cities like Delhi, Mumbai, Bangalore, and Hyderabad has highest MBA salary in India.
Final Takeaway
In conclusion, MBA salaries in India depend on candidate’s skills, location, chosen specialization, work experience and industry/department. The MBA starting salary per month for fresher’s ranges from 50,000 to 2 lakh depending on the college and skill set MBA graduates posses.
The highest MBA salary in India ranges from 26LPA to 1Cr in colleges like IIMs, ISB, FMS, SPJIMR, KCC-ITM offering placement in sectors like investment banking, consulting, product management, and technology leadership roles.
In this blog we discussed about the in-depth guide that explores present MBA salaries, monthly income of MBA graduates, highest MBA salary in India, monthly MBA salary depending on the chosen specialization and MBA in finance salary per month. Candidates can achieve growth, high salary and professional fulfillment with strategic career planning and skill building during MBA program.
FAQs for What is Your Post-MBA Salary in India?
Q1. What is the average post-MBA salary package in India?
Ans1: The average post MBA salary package in India for fresher’s ranges from 12LPA to 28 LPA depending on the college and skill set MBA graduates posses. Graduates from top IIMs, ISB, and XLRI and KCC-ITM can also touch 20 lakh and 35 lakh or higher with add onn certifications, internships and training.
Q2. What is the MBA starting salary per month?
Ans2: The monthly starting salaries per month for MBA graduates in India vary depending on college and chosen sector. MBA freshers can expect 80,000 to 2,00,000 lakhs per month.
Q3. Which MBA specialization offers the highest salary in India?
Ans3: In-demand MBA specialization which offers high salary are finance, business analytics, consulting, product management, and IT.
Q4. What is the per month salary for MBA in Finance freshers?
Ans4: The MBA in Finance freshers per month salary varies from 50,000–1,25,000 per month. The job roles like investment banking analysts and finance managers with strong alumni guidance and internships training can start at higher salary package