What is the Salary of MBA Graduates?

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Graduates in every major stream can easily give a boost to their career by doing their masters in business administration i.e. MBA. In fact, many of the top paying jobs in engineering, finance, banking, etc. post listings with the mention of the term “MBA preferred”.

The advantage of MBA is that you don’t necessarily need to have a management background. So, if you did bachelors in BCA or B.Tech, both of which are tech-oriented courses, you can learn the intricate workings of business administration by enrolling in a good MBA program.

All the top MNCs including Wipro, Amazon, Flipkart, etc. are always looking for talented professionals with an MBA degree. However, the question is- what’s the average salary you can expect after you do get it?

Salary of MBA Graduates

The average salary of MBA graduates can vary significantly depending on their job profile. For instance, the following list some of the most popular MBA jobs along with the salary range:

• Human Resource Manager Rs 508,220 – Rs 1,231,280
• Business Analyst Rs 502,830 – Rs 945,630
• Operations Manager Rs 744,930 – Rs 1,206,777
• Marketing Manager Rs 492,830 – Rs 1,845,630
• T. Manager Rs 544,930 – Rs 1,206,777
• Project Manager Rs 584,660 – Rs 1,814,620
• Pharma Product Manager Rs 447,620 – Rs 1,051,550
• 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
• Procurement/Purchase/Vendor Rs 449,320 – Rs 877,720
• Business Development Manager Rs 475,110 – Rs 845,777

The average salary of an MBA graduate increases with the years of experience they have. For instance, a fresher can look to get around Rs. 3 lakhs per annum. However, after 5 years their average salary can jump to Rs. 7 lakhs, and then after 10 years to around Rs. 14-15 lakhs.

The career prospects of MBA graduates are really good in India. Financial services and consulting firms are two of the top sectors that give employment to management graduates. Location-wise, the highest paying jobs are available in Bangalore, Gurgaon, Mumbai, and New Delhi.