The term ‘MBA preferred’ has been quoted in an increasing number of job listings over the last five years. According to a survey conducted among employers and business schools in India, the qualities of being able to solve complex problems and think logically in critical situations, encourage them to recruit MBA post graduates. This article talks more about the salary of professional having MBA degree.

With the changing perspective of business from one of traditional model to modern innovative business, demand for professionally trained, articulate and aggressive professionals has been rising. Traditional production and supply of essential goods and services model had a limited scope of meeting the bare needs of the society. Now, with the changing sphere of capital formation and innovations, corporates have forced to innovate and explore in to new areas of business, which parents of today’s new-gen youth did not imagine in their childhood. Business like BPO/KPO, Information Technology, Software Development, Mobile communication, insurance, banking, housing and construction, hospitality services, etc. have taken a new turn of growth.

MBA Salary of Middle Management

In the above scenario, trained managers are highly in demand and therefore business management school have been training young people who would meet all challenges of future business. Now the managers weigh their options vis-à-vis salary prospects while choosing a job. The below listed table puts light in to the possible salaries of young MBAs in the middle management level by functional area.

Job Title Salary Range (per annum)
Operations Manager Rs 744,930 – Rs 1,206,777
Quality Control Manager Rs 549,320 – Rs 877,720
Accounts Manager Rs 574,110 – Rs 1,267,777
Sales Manager Rs 447,620 – Rs 1,851,550
Marketing Manager Rs 492,830 – Rs 1,845,630
Human Resource Manager Rs 508,220 – Rs 1,231,280
Project Manager Rs 584,660 – Rs 1,814,620
I.T. Manager Rs 544,930 – Rs 1,206,777
Procurement/Purchase/Vendor Rs 449,320 – Rs 877,720
Business Development Manager Rs 475,110 – Rs 845,777
Pharma Product Manager Rs 447,620 – Rs 1,051,550
Business Analyst Rs 502,830 – Rs 945,630

MBA Salaries in Top Companies

Employer Name Average Salary (per annum) Employer Name Average Salary (per annum)
Hero Motocorp Rs 405,450 – Rs 1,905,120 Engineers India Rs 860,168 – Rs 2,800,000
Mahindra & Mahindra Rs 508,920 – Rs 1,843,940 Muthoot Finance Rs 450,376 – Rs 962,600
Maruti Suzuki Rs 785,980 – Rs 2,445,300 Apollo Hospitals Rs 650,000 – Rs 2,295,154
Tata Motors Rs 610,070 – Rs 2,285,250 Mahindra Holidays Rs 720,128 – Rs 1,880,244
Bosch Rs 590,170 – Rs 2,240,280 Larsen & Toubro Rs 840,320 – Rs 2,480,940
State Bank f India Rs 725,580 – Rs 2,070,001 BATA Rs 555,345 – Rs 1,746,588
Radico Khaitan Rs 585,310 – Rs 2,383,235 Shell Rs 676,169 – Rs 2,125,694
Finolex Cables Rs 555,517 – Rs 2,240,850 Hindusan Unilever Rs 780,528 – Rs 2,370,200
Bharat Forge Rs 650,351 – Rs 2,171,804 Asian Paints Rs 725,865 – Rs 2,042,750
Ultratech Cement Rs 850,414 – Rs 2,803,770 Vedanta Group Rs 220,840 – Rs 2,144,700
Kajaria Ceramic Rs 670,165 – Rs 1,839,690 Rallis India Rs 630,766 – Rs 2,074,870
Pidilite Ind Rs 758,878 – Rs 2,530,897 Lupin Laboratories Rs 710,400 – Rs 1,820,510
ITC Limited Rs 638,009 – Rs 1,967,115 Bharti Airtel Rs 1,020,975 – Rs 2,180,245
HCL Ltd Rs 735,832 – Rs 1,730,085 HDFC Bank Rs 690,870 – Rs 1,860,400
Wipro Infotech Rs 765,000 – Rs 2,130,000 ICICI Bank Rs 640,720 – Rs 1,891,980
J Kumar Infra Rs 645,165 – Rs 2,139,690 Jet Airways Rs 590,168 – Rs 1,500,000
DS Kulkarni Rs 558,878 – Rs 1,830,897 MRF Tyres Rs 720,376 – Rs 2,402,600
Omaxe Housing Rs 490,120 – Rs 1,600,480 Welspun Poly Rs 710,000 – Rs 1,895,154
LG Electronics Rs 685,832 – Rs 2,030,085 Shipping Corporation of India Rs 402,128 – Rs 2,680,244
Whirlpool Rs 705,000 – Rs 1,730,000 Shoppers Stop Rs 650,320 – Rs 1,780,940
Amazon Rs 815,000 – Rs 1,930,000 SAIL Rs 755,345 – Rs 2,446,588

MBA Salary by Experience

Experience Average Salary (per annum)
0 – 1 year Rs 290,350
1-4 years Rs 390,270
5-9 years Rs 720,510
10-19 years Rs 1,430,950
20 years or more Rs 2,550,690

MBA Salary by City

City Average Salary (per annum)
Bangalore, Karnataka Rs 730,067
Gurgaon, Haryana Rs 750,281
Mumbai, Maharashtra Rs 732,230
New Delhi, Delhi Rs 690,876
Pune, Maharashtra Rs 620,922
Chennai, Tamil Nadu Rs 600,146
Hyderabad, Andhra Pradesh Rs 590,826

Career Prospects for MBA Graduates in India

The demand for an MBA fresher or professional is mainly in the financial services sector, the consumer goods companies and the consulting firms. In fact, more than 50 percent business schools in India play host to recruiters from companies who also have branches abroad. This is proof of the fact that jobs for MBA graduates and their salary structure have shot up not only in India but also in other countries across the world as well.

According to the words of Greg Ruf, the CEO of MBA Focus, a firm that helps employers find the best MBA qualifiers for jobs around the world, Asia is the hub for the best jobs after completion of MBA studies. India especially requires trained managers to contribute to the economic growth that the country is currently experiencing.