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MBA Salary Guide : Starting Salaries & Highest Paying MBA Concentrations

29 May 2023

MBA Salary Guide: Starting Salaries & Highest Paying MBA Concentrations

Did you know that prospective management professionals with an MBA (Master of Business Administration) degree have a better chance of enjoying a higher salary than non-MBA professionals?

Yes, it is the truth. According to a leading survey, an MBA professional in India can earn an average of 7 lacs per annum, with the highest package going up even to 32 lacs. This staggering figure is an indication that a future after an illustrious MBA journey from top-reputed business schools in India can offer you life-changing career advancement opportunities that you have always been yearning for!

Human Resource Management

In this complex and evolving business world, an MBA in Human Resources Management will help you qualify for more jobs, make more money, and take on more responsibility, either in your current workplace or in a new organisation. You can work in any industry, be it IT (information technology), healthcare, manufacturing, retail, FMG, insurance, banking, etc., working to settle and handle the activities related to the hiring of employees, looking after the welfare of the employees, salary settlement, training and development, etc. as per the company policy.

Job Position Average Salary
Chief Human Resource Officer (CHRO) 63.8 LPA
Head - Learning and Development 28.53 LPA
Staffing Director 19 LPA
Compliance Manager 11 LPA
Employee Relations Manager 9.5 LPA
Human Resource Manager 7.2 LPA
Talent Acquisition Specialist 5.2 LPA
Human Resource Generalist 4.7 LPA
HR Consultant 3.6 LPA
Technical Recruiter 3.2 LPA
HR Executive 3 LPA
  • Source - AmbitionBox and Glassdoor

Healthcare Management

If there is any field that is dynamically growing with each passing day, then it is healthcare. According to a verified government portal, India's healthcare industry has been growing at a compound annual growth rate of around 22% since 2016. This implies that there will be more and more jobs created in this field. However, there will be a lack of specialised professionals who can fill the gap. Therefore, to meet the growing demands of the market, an MBA in Healthcare Management can provide much-needed employment to individuals.

After your graduation, you can land administrative job roles in sectors such as hospitals, clinics, diagnostics, pharmaceuticals, medical devices and equipment, health insurance, health technology, etc.

Job Position Average Salary
Hospital CEO INR 12 LPA
Hospital CFO INR 9 LPA
Assistant Operation Manager INR 6 LPA
Physician Relations Liaison INR 4 LPA
Healthcare Information Manager INR 6.5 LPA
Oncology Coordinator INR 6 LPA
Medical Practice Manager INR 7 LPA
Hospital Administrator INR 4.79 LPA
Claims Manager INR 4.5 LPA
Assistant Hospital Administrator INR 3.7 LPA
  • Source - Collegedunia

Finance and accounting 

MBA graduated have a rich scope in finance and accounting departments of leading organizations of every industry.

Job Role Estimated Salary Average Salary
Financial Controller $67k - $128k $93,184
Finance Director $80k - $161k $85,665
Senior Accountant $58k - $88k $121,896
  • Source - Payscale.com

Investment banking 

MBA graduates can choose to start a career in investment banking, as they have a huge opportunity in this field.

Experience Level Average salary
Entry level position INR 3,50,000 and above
Experienced Professionals INR 7,12,000 and above
Average Salary INR 10,00,000 and above
  • Source - Collegedunia

Supply Chain Management

If you are someone who is curious about what happens behind the doors of your favourite grocery store, then MBA Supply Chain Management will help you set the foundation for a great future ahead. A career after an MBA in Supply Chain Management will land you in several reputed job roles in leading manufacturing, retail, the navy, shipping, defence, warehouses, etc. You will get to showcase your skills and knowledge in top organisations around the world, such as Amazon, Frito-Lays, Cadbury, Intel, Apple, Walmart, Nike, etc.

Job Position Average Salary (INR) Highest Salary (INR)
Business Manager 10 LPA 25 LPA
Supply Chain Manager 10 LPA 21 LPA
Transport Officer  8.7 LPA 20 LPA
Quality Manager 8 LPA 17 LPA
Operations Manager 9 LPA 14.65 LPA
Purchasing Manager 7 LPA 13 LPA
Supply chain planner 6 LPA 12 LPA
Supply Chain Analyst 4 LPA 10 LPA
Commercial Manager 5 LPA 10 LPA
  • Source - Collegedunia

Technology Management

Getting your MBA in Technology Management from leading B-Schools in India will help you understand complex new technological concepts with a touch of managerial expertise. During the two-year tenure of being exposed to the curriculum of an MBA in Technology Management, you will learn how to do product analysis, assess emerging trends, and develop communication skills. All of these will help you explore lucrative career opportunities in IT, business intelligence and analytics, UI experience, innovation, and strategic management.

Job Roles Average Annual Salary (INR)
Chief Technology Officer 15 LPA
Product Manager 12.5 LPA
Project Manager 12 LPA
Analytics Manager 10 LPA
IT Manager 8 LPA
System Manager 7 LPA
Computer System Analyst 6 LPA
  • Source - Glassdoor

Non-Profit Management

It’s true that everything around us is growing rapidly with each passing day. However, this also means that the number of societal, humanitarian, environmental, etc. problems is also increasing. Therefore, non-profit organisations are created to help people and society, and in such circumstances, an MBA in non-profit management will qualify you to take on a variety of managerial, administrative, and leadership roles in all types of non-profit organisations (either government or private).

Job Roles Average Annual Salary (INR)
Chief Executive Officer 32.2 LPA
Director of Operations 29.7 LPA
Executive Director 48.4 LPA
Operations Manager 7 LPA
Director of Development  37 LPA
Program Manager 18.5 LPA
Non-Profit Consultant 6 LPA
  • Source - Glassdoor and AmbitionBox

Real Estate Management

It is imperative that a career in real estate is forever booming, especially if you are pursuing an MBA in real estate. Once you gain knowledge of the concept of real estate and the ability to make sound and bold decisions in favour of the company, you can seek great positions in the world of real estate multinationals. Some of the top companies that look out for candidates with a background in MBA Real Estate are DLF, Reliance, Ambuja, Ansal, Lodha Group, etc.

Job Roles Average Annual Salary (INR) Maximum Annual Salary (INR)
Financier 5 LPA 20 LPA
Real Estate Appraiser 3.2 LPA 15 LPA
Investment Analyzer 3.5 LPA 14 LPA
Corporate or Property Asset Manager 3.5 LPA 14 LPA
Real Estate Broker 3 LPA 12.8 LPA
Community Association Manager 3.6 LPA 12 LPA
  • Source - Collegedunia

Project Management

Are you someone who is passionate about working with top management? If so, an MBA in Project Management can be the right choice for you to advance in your career. You will gain skills and knowledge in planning, executing, monitoring, and closing a project within a specific timeline with the help of a diverse team of people. An MBA in Project Management from reputed B-Schools in India can provide you with lucrative career opportunities in the fields of IT, construction, consulting, etc.

Job Roles Average Annual Salary (INR) Maximum Annual Salary (INR)
Director - Operations 30 LPA 95 LPA
General Manager 24.4 LPA 55 LPA
Project Manager 12 LPA 28 LPA
Community Association Manager 9 LPA 12 LPA
Project Analyst 6 LPA 13 LPA
Project Executive 3.6 LPA 7.3 LPA
  • Source - AmbitionBox and Glassdoor

International Business

It’s a fact that with each passing day, we are going more and more global. Therefore, if you are an individual who wants to make a name in this global market with evolving technology and networking, an MBA in International Business is the right career option for you. You will be able to work in diverse fields in the public and private sectors, such as retail, logistics, airlines, hospitality, etc.

Job Roles Average Annual Salary (INR)
Business Development Manager 7 LPA
Senior Business Analyst 12 LPA
Project Manager 12 LPA
Investment Banker 10 LPA
International Exports Manager 10 LPA
International Marketing Manager 6.66 LPA
International Business Consultant 12 LPA
  • Source - Career360 and AmbitionBox

Environmental Management

In this century, all of us are moving towards building a sustainable ecosystem, and this includes all kinds of businesses that we are coming up with. So, if you want to be a part of this globalisation while taking care of the planet, an MBA in Environmental Management will turn around your career like no other! This degree programme will provide you with ample job opportunities in several organisations that are moving towards sustainability, such as UNICEF, WHO, and other non-profit organisations, etc.

Job Roles Average Annual Salary (INR)
Environmental Specialist 7.4 LPA
Safety officer 5.9 LPA
Strategy Consultant 17.44 LPA
Facility Manager 5.5 LPA
Research Associate 5.5 LPA
Conservation Manager 39 LPA
Corporate Green Policy Expert 2.8 LPA
Environmental Finance Consultant 6 LPA
  • Source - Collegedunia and AmbitionBox

BFSI -

The Banking Financial Services and Insurance sector requires MBA graduates the most. The financial, management, and accounting skills that they learn in their academic life are highly valuable for this sector.

Job Role Estimated Salary Average Salary
Financial Analyst $51k - $92k $67,589
Senior Financial Analyst $59k - $85k $71,666
Product Owner $76k - $147k $105,643
  • Source - Payscale.com

Sales and Marketing 

MBA graduates have a huge demand in the field of Sales and Marketing. A large number of MBA freshers are hired by private sector businesses and start-ups at the entry-level. Though these are well paying jobs, and in addition they provide a higher scope of learning and experience.

Job Role Estimated Salary Average Salary
Senior Sales Executive 271k - 890k 501,922
Key Account Manager 437k - 2m 865,484
Marketing Manager 398k - 2m 931,114
  • Source - Payscale.com

Business Consultancy 

Consultant is a role that is generally offered to both fresher and experienced MBA professionals, and it is a great way of starting their careers in the business world.

Business Consultant Salary in India
Entry Level Consultant 413,000
Senior Consultant 1,288,000
Associate Consultant 6,50,000
Business Analyst 6,77,500
Business Consultant 1,272,000
  • Source - GMat

Ecommerce Consultant 

With the rapid increase of eCommerce companies, there is a huge spike in the transactions on eCommerce platforms. This sector also provides huge scope for BBA graduates to kick start their careers.

Job Role Estimated Salary Average Salary
Campaign Manager 399k - 2m 738,813
Operations Team Leader 450k - 1m 742,976
Payroll Analyst 275k - 603k 415,697
  • Source - Payscale.com

Entrepreneurship

An MBA in Entrepreneurship is an innovative degree programme that provides a general understanding of knowledge and skills useful across all aspects of a business. This MBA programme elevates your potential to become an entrepreneur who has a sound understanding of the market and how he or she should utilise its resources to build an organisation or take it to the next level.

After completing your MBA degree, you can become an entrepreneur and start your own business, as you will have the required knowledge base and network of peers and mentors who can provide you with ideas and opportunities to start your own thing. There are also some degree programmes that offer additional support through a start-up "incubator" system that consists of pitch sessions with actual investors, grants and sponsorships for new businesses, and supportive aid through meetings with local business organisations.

Public Sector jobs 

Numerous government agencies recruit MBA graduates for various posts. The government sector offers job security, status, and immense growth potential and hence great scope for MBA pass-outs to start their career. Salary of MBA passouts in public sector depends upon the post they are hired. Their grade pay and the dearness allowance the government is providing at that time.

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