MBA Salary In India
The salary of an MBA graduate has the most to do with the increasing number of candidates aspiring for a Management in Business Administration (MBA) degree every year. Not just MBA but also PGDM is gaining popularity as it is equally good if you want to get a juicy package as soon as you pass out. Companies are always looking for highly innovative individuals who have a degree in MBA. The article explores the salaries of MBAs in India and covers subjects such as industry-wise income, salary trends, fresher salaries, and comparisons with international salaries.
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Average MBA Salary in India
The average MBA salary in India is more than that of many other popular courses. Having a degree in MBA enhances the earning potential of the candidates while unlocking diverse career opportunities. The average MBA salary is decided by factors like specialization, industry, and work experience. Let's know more about MBA salary and growth prospects after completing an MBA.
| MBA Institute Category | Average Salary (INR LPA) |
| Top IIMs (Ahmedabad, Bangalore, etc.) | 25-40 LPA |
| Other IIMs & Top B-Schools (XLRI, SPJIMR) | 18-30 LPA |
| Tier-2 B-Schools | 10-18 LPA |
| Tier-3 B-Schools | 5-10 LPA |
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MBA Salary Growth in India
The call for MBA professionals continues to increase, which has produced constant salary growth over time. An increase in multinational corporations, a rise in the number of startups, and an increasing shift to digitalization within many industries have all led to MBA salary growth in India. Those who have an MBA degree from top-tier institutions get a faster salary increment than those from other institutions.
| Level | Experience | Package |
| Entry Level | 0-2 years | 5-10 LPA |
| Mid-Level | 3-5 years | 12-25 LPA |
| Senior Level | 6+ years | 30 LPA and above |
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MBA Salary by Industry in India
Almost every industry requires MBA graduates, and the packages vary on the basis of specializations and the industry standards. Some of the industries that hire MBA graduates are IT, banking, retail, manufacturing, e-commerce, etc. Many companies prefer candidates from IIM colleges, and that's why they visit for college placement to the Tier 1 MBA colleges.
| Industry | Average Salary (INR LPA) |
| Investment Banking | 20 - 50 LPA |
| Consulting | 18 - 35 LPA |
| IT & Technology | 12 - 30 LPA |
| FMCG & Retail | 10 - 25 LPA |
| Healthcare & Pharma | 8 - 22 LPA |
| E-commerce | 12 - 28 LPA |
| Manufacturing | 8 - 18 LPA |
MBA Salary for Freshers in India
An MBA is a degree that generally relates to higher packages and better career growth. But freshers might not be able to relate to this if they have completed an MBA from a Tier 2 or Tier 3 institute. MBA salaries for freshers in India vary from 3 LPA to 5 LPA if it's not from one of the IIMs. Rest IIM MBA graduates might start with around 8 to 10 LPA or more as their starting package. The candidates who have strong analytical and strategic skills might land a job at higher packages despite being freshers.
| Institute | Fresher Salary |
| Top B schools (IIM, XLRI, ISB) | INR 20-30 LPA |
| Mid Tier B schools | INR 8-15 LPA |
| Low-Tier Business Schools | INR 4-8 LPA |
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MBA Salary in India vs Abroad
MBA salaries in India are lower than those abroad. In fact, those who pursue an MBA from a foreign institute might get higher packages. But candidates often ignore the cost that they have spent during education from international institutions. The cost of living in a foreign country is also high. Generally, the UK, the USA, and Canada offer higher packages than India. Higher salary in foreign countries comes with higher taxation, visa requirements, competitiveness, so the candidates must consider these factors as well while making a decision.
| Country | Average MBA Salary (INR LPA) |
| USA | 70 - 150 LPA |
| UK | 60 - 120 LPA |
| Canada | 50 - 100 LPA |
| Australia | 55 - 110 LPA |
| India | 8 - 25 LPA |
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MBA Salary Trends in India
The 2025 salary outlook for MBA graduates is favorable due to various reasons:
- Business Startups - As businesses have grown, there is increased willingness to pay MBA graduates a higher salary with a specialization in business strategy and operations.
- Technology-Driven Salaries - MBA professionals with a specialty in AI, data analytics, and blockchain are in high demand and able to command a higher salary.
- Global Demand - Normalization of remote work means that Indian professionals can command a higher salary in their profession, as demand increases overall for global talent.
- Increased Requirements and Services - Increased financial investment into fintech and wealth management will lead to MBA graduates in finance having improved salary potential over the next few years.
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MBA Salary for Top Colleges in India
The trends of MBA salaries mainly depend upon the top colleges. MBA graduates from IIMs get the highest packages, and salaries gradually decrease for candidates from Tier 2 and Tier 3 colleges.
| MBA Institute | Average Salary (INR LPA) |
| IIM Ahmedabad | 30-40 LPA |
| IIM Bangalore | 28-35 LPA |
| IIM Calcutta | 28-32 LPA |
| ISB Hyderabad | 26-32 LPA |
| XLRI Jamshedpur | 24-30 LPA |
| SPJIMR Mumbai | 22-28 LPA |
| FMS Delhi | 22-27 LPA |
| MDI Gurgaon | 18-25 LPA |
| NMIMS | 15-20 LPA |
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Conclusion: MBA Salary in India
In India, pursuing an MBA is not just a degree, but also a strategic career path that leads to lucrative jobs and leadership positions. Whether you're from a top IIM or a good Tier-2 college, MBA graduates are in demand across industries like consulting, banking, IT, and more.
Freshers from top B-schools earn up to ₹30 LPA, and experienced professionals can earn even more. With growing opportunities in areas like fintech, AI, and global remote work, MBA salaries in India are only going up.
Also Read, MBA Fees In India 2025, Top MBA Colleges With Course Fees
