Management graduates in India are high in demand, especially those with an MBA degree. An MBA graduate’s annual salary in India is around Rs. 10.5 lakhs on average, but those who have completed their MBA from India’s top business schools are paid significantly more. The average annual salary for an MBA graduate from a top school is around Rs. 16 lakhs.
There are various factors that affect the average salary of an MBA graduate in India, such as the business school they attend, their work experience, and skillset.
- The average salary of an MBA graduate from a tier 1 business school in India is around Rs.12-13 lakhs per annum.
- The average salary of an MBA graduate from a tier 2 business school in India is around Rs.8-9 lakhs per annum.
Remuneration based on work experience
The amount of money MBA graduates in India earn largely depends on the experience they have. Those with 0-4 years of experience can typically expect to make Rs.8-9 lakhs annually. For those with 3-5 years of experience, the average salary is Rs.12-13 lakhs per year. Finally, those with more than 5 years of experience can expect to bring in Rs.15-16 lakh each year, on average.
Remuneration based on skills
MBA graduates are expected to bring along skills such as analytical and problem-solving, strategic thinking, and leadership skills. Graduates with these skills can anticipate earning a higher salary than those without these skills. Furthermore, graduates who have good communication and interpersonal skills can also look forward to earning a higher salary.
Remuneration based on specialization
Salary of an MBA graduate in India will largely be determined by their specialization. For instance, those who go into the banking and financial services industry with a specialization in finance can expect to earn an average salary of Rs.10-11 lakhs per annum, while those specialising in logistics receive an average salary of Rs.12-15 lakhs per annum.
Remuneration based on geography
The city in which one chooses to work can determine the opportunities and experiences. For example, MBA graduates who choose to work in Mumbai can expect to earn an average salary of Rs.11-12 lakhs per annum. Similarly, those who choose to work in Delhi can expect to earn an average salary of Rs.10-11 lakhs per annum, while those who choose to work in Bangalore can expect to earn an average salary of Rs.9-10 lakhs per annum.
Thus, we can see that the average salary of an MBA graduate in India depends on various factors, such as:
- The business school from where they have done their MBA,
- Their work experience,
- Their skill set,
- The industry they choose to work in
- The city they choose to work in.
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