New Delhi: Master of Business Administration (MBA) is a two-year professional postgraduate program that allow students to master skills in various specialisations and kickstarts their career. The course provides business knowledge, professional networking and management skills.
Students who wish to take admission in MBA programs In India need to have a bachelor's degree in required discipline from any UGC-recognised university or educational institute. They must also have a valid score in qualifying entrance exams such as CAT, MAT, XAT, GMAT, etc.
MBA is known as one of the highest paying courses in India as the average salary package provided to students can range between INR 6 LPA to INR 50 LPA, while the highest package can go as high as INR 1 Crore.
Check: Highest Paid MBA Specialisation in India!
Know More:
MBA Average Salary & Top Sectors in India
As per the data, the average MBA salary ranges between INR 3 LPA to INR 9 LPA per annum for freshers and INR 5 LPA - INR 19 LPA per annum for those who have 1-3 years of experience. Check the detailed MBA Salary 2023 data in the table below:
| MBA Sector | Average MBA Salary |
|---|---|
| Healthcare | INR 5 LPA - INR 12 LPA |
| Finance | INR 7 LPA - INR 12 LPA |
| Accounting | INR 5 LPA - INR 10 LPA |
| Operations & Project Management | INR 9 LPA - INR 14 LPA |
| IT Management | INR 10 LPA - INR 16 LPA |
| e-Business | INR 6 LPA – INR 9 LPA |
| International Business | INR 7 LPA – INR 9 LPA |
| Real Estate | INR 5 LPA – INR 8 LPA |
| Fashion | INR 8 LPA – INR 12 LPA |
| Sales and Marketing | INR 8 LPA - INR 16 LPA |
| Airlines | INR 5 LPA – INR 8 LPA |
Top MBA Colleges in India with Highest Package
While the placement data for MBA students changes every year, students who are pursuing MBA programs from top IIMs or IITs in India can expect to receive a highest MBA salary package between INR 20 LPA to INR 1 Crore.
Check: List of top MBA colleges in India here!
Students must note that the salary package depends on their overall performance in the recruitment process, which includes interviews and assessment tests. Check out the top MBA colleges in India with the highest placement packages mentioned in the table below:
| College Name | MBA Highest Package | College Name | MBA Highest Package |
|---|---|---|---|
| IIM Ahmedabad | INR 1.32 crore | Narsee Monjee Mumbai | INR 58.61 LPA |
| IIM Calcutta | INR 80 LPA | MDI Gurgaon | INR 40.5 LPA |
| IIM Lucknow | INR 54 LPA | Great Lakes Chennai | INR 28.6 LPA |
| IIM Indore | INR 50 LPA | XLRI Jamshedpur | INR 26 LPA |
| IIM Kozhikode | INR 58 LPA | FMS Delhi | INR 58.6 LPA |
| IIM Udaipur | INR 40 LPA | Symbiosis Pune | INR 34 LPA |
| IIM Rohtak | INR 24 LPA | NITIE Mumbai | INR 58.2 LPA |
| IIM Trichy | INR 25 LPA | IIFT New Delhi | INR 46.45 LPA |
| IIT Delhi | INR 33 LPA | IMT Ghaziabad | INR 58.22 LPA |
| IIT Bombay | INR 32.8 LPA | NIT Trichy | INR 42 LPA |
| IIT Roorkee | INR 14.5 LPA | SP Jain Mumbai | INR 51 LPA |
| IIT Madras | INR 29.02 LPA | IIT Kharagpur | INR 29 LPA |
The top MBA skills that students require to land a good paying job are teamwork, problem-solving ability, interpersonal communication, adaptability, teamwork, collaborative mindset, strategic thinking, and leadership capability among others.
In addition to this, they should also have knowledge about their field, job profile, their specialisation, and top industry skills along with a few technical skills, such as cloud computing, UX designing, etc.
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