Introduction
The Master of Business Administration (MBA) degree is one of
the most popular postgraduate programs for students interested in pursuing a
career in business management. An MBA degree from a top institute in India can
significantly enhance your career prospects and earning potential.
MBA salary in India at top institutes
In this blog, we will discuss the MBA salary in India at top institutes.
1. Indian Institute of Management (IIM)
Indian Institute of Management (IIM) is one of the most
prestigious institutes in India that offers MBA courses. The average salary for
MBA graduates from IIMs is around Rs. 25-30 lakhs per annum. The salary
packages offered to students from IIMs vary depending on the specialization
they choose.
2. XLRI Jamshedpur
XLRI Jamshedpur is another leading institute in India that
offers MBA programs. The average salary for MBA graduates from XLRI Jamshedpur
is around Rs. 22-25 lakhs per annum. XLRI offers a diverse range of
specializations, including Human Resource Management, Business Management, and
Global MBA.
3. Indian School of Business (ISB)
The Indian School of Business (ISB) is a world-class
business school that offers a one-year MBA program. The average salary for MBA
graduates from ISB is around Rs. 22-25 lakhs per annum. The ISB offers a range
of specializations, including Finance, Marketing, and Strategy.
4. Faculty of Management Studies (FMS)
Faculty of Management Studies (FMS) is one of the oldest and
most reputed institutes in India that offers MBA courses. The average salary
for MBA graduates from FMS is around Rs. 20-25 lakhs per annum. FMS offers
specializations in Finance, Marketing, and Human Resource Management.
5. S. P. Jain Institute of Management and Research (SPJIMR)
S. P. Jain Institute of Management and Research (SPJIMR) is
a leading business school in India that offers MBA programs. The average salary
for MBA graduates from SPJIMR is around Rs. 20-25 lakhs per annum. SPJIMR
offers specializations in Finance, Marketing, Operations, and Supply Chain
Management.
What is the MBA Salary for IIM Graduates?
The Indian Institutes of Management (IIMs) are among the
most prestigious business schools in India, and their MBA graduates are highly
sought after by top companies across the globe. The IIMs have a long-standing
reputation for producing exceptional business leaders and entrepreneurs, and
this is reflected in the impressive salaries earned by their MBA graduates.
Average MBA Salary for IIM Graduates
The average MBA salary for IIM graduates varies depending on
several factors, including the location, industry, and experience level.
However, according to recent reports, the average starting salary for IIM
graduates is around Rs. 20-25 lakhs per annum.
It is important to note that this figure is only an average,
and many IIM graduates earn significantly higher salaries, especially those
with several years of work experience and strong skills in in-demand industries
such as finance and consulting.
A table on the MBA salary for IIM graduates:
|
Level of Experience |
Average Salary (per annum) |
Highest Salary (per annum) |
|
Entry-level |
Rs. 20-25 lakhs |
Rs. 40-50 lakhs |
|
Mid-level |
Rs. 30-40 lakhs |
Rs. 70-80 lakhs |
|
Senior-level |
Rs. 50-60 lakhs |
Rs. 1 crore or more |
Note: The figures above are approximate and can vary
depending on several factors, including location, industry, job role, and
company.
MBA Fresher Salary Vs Experienced Salary
MBA Fresher Salary
An MBA fresher is someone who has recently completed their MBA
degree and has little to no prior work experience. The MBA fresher's salary can
vary depending on the industry and location of the job. However, on average,
MBA freshers in India can expect to earn a starting salary of around Rs. 6-10
lakhs per annum.
In some industries such as finance and consulting, the
salary for MBA freshers can be significantly higher, with some companies
offering salaries of up to Rs. 20-25 lakhs per annum. However, it is important
to note that such salaries are usually offered by top companies to candidates
from top business schools.
MBA Experienced Salary
An MBA experienced professional is someone who has several
years of work experience and has pursued an MBA degree to advance their career
further. MBA experienced professionals have a higher earning potential compared
to MBA freshers, primarily due to their years of work experience.
The MBA experienced salary can vary depending on the
industry, job role, and location. On average, MBA experienced professionals in
India can expect to earn a salary of around Rs. 12-25 lakhs per annum. However,
those with over ten years of work experience can earn salaries of up to Rs.
50-60 lakhs per annum or even more.
A table comparing MBA Fresher Salary and Experienced Salary:
|
Level of Experience |
Average Salary (per annum) |
Highest Salary (per annum) |
|
Fresher |
Rs. 6-10 lakhs |
Rs. 20-25 lakhs |
|
Experienced |
Rs. 12-25 lakhs |
Rs. 50-60 lakhs or more |
Note: The figures above are approximate and can vary
depending on several factors, including industry, job role, location, and level
of work experience. The salaries mentioned here are based on the Indian job
market.
Conclusion
An MBA degree from a top institute in India can
significantly enhance your career prospects and earning potential. The average
salary for MBA graduates from top institutes in India ranges from Rs. 20-30
lakhs per annum, depending on the specialization they choose. Pursuing an MBA
as a career option after graduation from a top institute in India can be a great
investment for your future career.
 degree is one of the most popular postgraduate programs for students interested in pursuing a career in business management. An MBA degree from a top institute in India can significantly enhance your career prospects and earning potential.)
