MBA Packages in India: Exploring Top Universities and Hiring Companies
India has become a hub for aspiring MBA candidates, and the top management institutions and various MBA specialisations offer promising career opportunities. One significant factor that drives students towards opting for an MBA is its potential salary.
In this blog, we will explore the highest MBA packages in India, top B-schools offering lucrative packages to MBA graduates, and various factors affecting these MBA packages across different sectors.
What are the MBA Packages in India?
MBA graduates have a high scope and demand in the future, and many industries across India hire them based on the skills and knowledge they gain during their MBA studies. This opens up numerous career opportunities and paves the way for a successful and rewarding career journey. Companies often hire MBA graduates during their recruitment process, recognising their potential for growth and success.
The MBA salary in India depends on many factors, such as specialisation, experience, academic qualification, score, etc. Understanding these factors is crucial for making informed decisions about your MBA journey. Let’s delve into the article in detail to understand these influencing factors comprehensively.
MBA Packages in India: Mode Wise
Types of MBA | Starting MBA Degree Packages in India |
Regular MBA | INR 5.0 LPA- INR 32 LPA |
Part-Time MBA | INR 4.0 LPA- INR 9.0 LPA |
Online MBA | INR 3.0 LPA- INR 8.0 LPA |
Executive MBA | INR 12.0 LPA- INR 40 LPA |
Please Note: The salary given above is subject to change via time
Highest MBA Packages in India by Top Universities
Below are the highest MBA salaries in India from renowned universities such as IIMs, top private B-schools, and online MBA universities.
MBA Packages in India Offered by IIMs
Here is the distribution of MBA salaries in India from top IIMs. Let’s check the details below.
Name of Institute | Average MBA Salary Packages in India in INR | Top Recruiting Companies |
IIM Ahmedabad | 34,00,000 |
|
IIM Calcutta | 35,00,000 |
|
IIM Indore | 30,00,000 |
|
IIM Lucknow | 32,00,000 |
|
IIM Bangalore | 35,00,000 |
|
IIM Kozhikode | 31,00,000 |
|
IIM Nagpur | 16,00,000 |
|
IIM Shillong | 26,00,000 |
|
IIM Rohtak | 18,00,000 |
|
IIM Udaipur | 20,00,000 |
|
MBA Packages in India Offered by Private B-schools
Check below the average MBA packages offered by top private B-schools and from top recruiting companies in India.
Name of Private B-schools | Average MBA Salary Packages in India in INR | Top Recruiting Companies |
FMS Delhi | 34,00,000 |
|
XLRI Jamshedpur | 29,00,000 |
|
IIFT Delhi | 30,00,000 |
|
MDI Gurgaon | 26,00,000 |
|
SPJIMR Mumbai | 33,00,000 |
|
JBIMS Mumbai | 28,00,000 |
|
IMT Ghaziabad | 17,00,000 |
|
MICA Ahmedabad | 20,00,000 |
|
NMIMS Mumbai | 26,00,000 |
|
ISB Hyderabad | 28,00,000 |
|
Potential Salary Packages Offered by Online MBA Universities in India
The online MBA universities with potential packages earned by MBA graduates are given below.
Online MBA Universities | MBA Salary in INR |
Amity University | 6,00,000 to 18,00,000 |
Manipal Academy of Higher Education | 9,00,000 to 15,00,000 |
Manipal University Jaipur | 5,00,000 to 9,00,000 |
Jain University | 4,00,000 to 6,00,000 |
Lovely Professional University | 5,00,000 to 7,00,000 |
DR DY Patil Vidyapeeth | 3,00,000 to 5,00,000 |
Symbiosis School for Online and Digital Learning | 12,00,000 to 28,00,000 |
Sharda University | 3,00,000 to 5,00,000 |
Please Note: The salary above can vary depending on the institution and specialisation chosen.
MBA Packages in India Based on Specialisation
Let’s check the MBA salary in India based on MBA specialisation.
MBA Specialisation
Average MBA Packages in India in INR
MBA in Finance
25,00,000
MBA in Marketing
6,00,000
MBA in Human Resource
30,00,000
MBA in Information Technology
7,00,000
MBA in Business Analytics
8,00,000
MBA in Operations
10,00,000
MBA in International Business
12,00,000
MBA in Digital Marketing
9,00,000
MBA in Entrepreneurship
15,00,000
Please Note: The MBA packages mentioned above vary depending on specialisation and institution.
Factors Affecting MBA Packages in India
Here are the key factors affecting the MBA salary in India.
MBA Universities: The university you choose to complete your MBA plays a pivotal role in determining your MBA salaries in India.
For instance, graduating from LP typically results in an initial salary of around INR 4.0 LPA, while studying at top universities like Amity University can boost your starting salary to an average of INR 10 LPA.
This underscores the importance of making an informed choice regarding your MBA journey. Studies show that top B-school graduates generally earn higher packages than those who study at third-tier MBA universities.
Work Experience: Having some work experience impacts your MBA salaries significantly. Many students try to pursue an MBA after gaining some short work experience, which boosts their chances of earning potential salaries from top industries.
Some universities offer combined MBA programs on the executive level, where work experience remains crucial.
Job Location: The job location is another crucial factor that can significantly impact the MBA salary in India. Cities like Mumbai, Bangalore, Delhi, Chennai, and Hyderabad, being technical hubs in business and technology, generally offer higher salaries.
This highlights the importance of considering the location when planning your MBA journey.
Specialisation: MBA in India offers various specialisations in finance, human resources, marketing, business analytics, operations, etc. According to placement reports from top MBA universities in India shows that the finance sector has secured the highest CTC in most MBA universities.
Future Trends in MBA Salary Packages in India
The MBA environment is evolving rapidly in India due to new trends and emerging salary packages. With the rise of technology and digital transformation, the markets have come with top roles like data analytics, business analytics, digital marketing, artificial intelligence, etc, which command higher salaries.
Furthermore, Indian companies have expanded and grown simultaneously, which has increased the demand for MBA graduates in India who can navigate the complexities of the business landscape. This demand can drive high MBA packages in India in the coming years, especially for those who have earned specialised skills and academic knowledge.
Conclusion
Pursuing an MBA from a reputed university determines your long-term salary and builds your knowledge of business management. The average salaries across universities, different sectors, and specialisations indicate a rising future for MBA graduates in India.
Therefore, choosing the right universities and specialisation is not just important; it’s crucial. It will impact your MBA packages in India and, ultimately, your career trajectory. As the business environment constantly changes, MBA graduates with the right skills and knowledge can find themselves in high demand and build their careers with potential and competitive salaries. This power of choice puts you in control of your future.
MBA Packages in India: FAQs
Q1. What are the highest MBA packages in India?
According to Glassdoor, the highest MBA salary in India can range between INR 42 LPA to 1.4 CPA.
Q2. Which MBA specialisation offers the highest salary packages?
MBA specialisations that offer high salary packages to MBA graduates are Finance, Marketing, Human Resources, Consulting, Operations, etc., depending on work experience, institutions, and academic qualifications.
Q3. Why MBA with placement?
MBA placement is more than just studies; it’s about networking and learning from case studies and real-world experiences. It helps students become professionals in the corporate world. Choosing an MBA with placement is a great move, as it guides you to gain hands-on experience and shapes your business career.
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