It is the salary of MBA graduates that is most closely associated with the increasing number of candidates who pursue a Management in Business Administration (MBA) degree annually. In addition to MBAs, PGDMs are also gaining popularity, as they are equally effective for individuals seeking to secure a lucrative package right after graduation. Firms are perpetually seeking individuals with an MBA who are exceptionally innovative. The article examines the salaries of MBAs in India, specifically focusing on industry-specific income, salary trends, salaries of freshmen, and comparisons to global salaries.
The most generous compensation package for an MBA in India in 2025 is as follows:
In comparison to numerous other highly esteemed programs, the average salary of MBA graduates in India is significantly higher. The acquisition of an MBA degree increases the earning potential of candidates and offers them a wide range of career advancement opportunities. Factors such as industry, work experience, and specialization determine the average salary of MBA graduates. We should examine the salaries and growth prospects of MBAs upon the completion of their studies.
| Category of MBA Institute | Average Salary (INR LPA) |
| Top IIMs (Ahmedabad, Bangalore, etc.) | 25-40 LPA |
| Other IIMs & Top B-Schools (XLRI, SPJIMR) | 20-30 LPA |
| Tier-2 B-Schools | 10-18 LPA |
| Tier-3 B-Schools | 5-10 LPA |
The most lucrative MBA specializations in India
The field’s scope is expanding in India, primarily due to the numerous institutions and universities that offer learners networking and placement opportunities. A few positions that offer the highest salaries to MBA graduates as of September 2023 are as follows:
Colleges with the Highest MBA Salaries
The tables below illustrate the average and highest packages of the most prestigious MBA colleges in India.
| Institute Name | Average CTC | Highest CTC |
| IIM Ahmedabad | ₹34.45 LPA | ₹1.46 CPA |
| IIM Calcutta | ₹32.62 LPA | ₹1.20 CPA |
| IIM Bangalore | ₹35.92 LPA | ₹1.15 CPA |
| IIM Indore | ₹25.68 LPA | ₹1.00 CPA |
| IIM Kozhikode | ₹28.05 LPA | ₹72.02 LPA |
| IIM Shillong | ₹26.10 LPA | ₹71.50 LPA |
MBA Compensation Packages at Top Organizations
An MBA in India currently earns an average salary of INR 23.07 LPA, with a range of INR 32.40 LPA, as of 2024. Nevertheless, the average MBA salaries at IMT Ghaziabad and XIMB Bhubaneswar are INR 15.28 LPA and INR 17.54 LPA, respectively. In 2023, the highest salary for an MBA in India is INR 1.14 CPA, with a range of INR 42 LPA.
MBA programs at IIMs
Typically, the average salary packages for MBA graduates from IIM colleges range from INR 20-35 LPA, with the top six IIMs (Ahmedabad, Bangalore, Calcutta, Lucknow, Indore, Kozhikode) reporting averages around INR 30-35 LPA. The most lucrative packages can reach a value of INR 1.15 CPA (Crore Per Annum) in specific circumstances, particularly for international positions.
| Institute Name | Highest CTC |
| IIM Ahmedabad | INR 1.46 CPA |
| IIM Calcutta | INR 1.2 CPA |
| IIM Bangalore | INR 1.15 CPA |
| IIM Indore | INR 1 CPA |
| IIM Kozhikode | INR 72.02 LPA |
| IIM Shillong | INR 71.50 LPA |
India’s MBA Salaries by Specialization
Geographical location, experience, and specialization are all significant factors that significantly influence MBA salaries in India. Business analytics and finance are among the most lucrative specializations, with average starting salaries ranging from INR7 to INR12 lakhs per year. The estimated average starting salaries of several renowned MBA specializations are as follows: Finance (INR12 lakhs), Business Analytics (INR11.5 lakhs), Information Technology Management (INR10.5 lakhs), and International Business (INR11.2 lakhs).
| MBA Specialisation | Average MBA Salary in India Per Month (Approx) |
| MBA marketing salary per month | INR 65,000 |
| MBA in digital marketing salary in India per month | INR 45,000 |
| MBA in finance salary in India per month | INR 60,000 |
| MBA in HR salary in India per month | INR 43,000 |
| MBA in business analytics salary in India per month | INR 45,000 |
| MBA in entrepreneurship salary per month | INR 45,000 |
| MBA in operations salary per month | INR 63,000 |
| MBA in IT salary per month | INR 48,000 |
| MBA in event management salary per month | INR 50,000 |
| MBA in healthcare salary per month | INR 50,000 |
As of 2025, the most costly MBA package in India is as follows:
The highest MBA package in India 2025 serves as an illustration of the current value of an MBA or PGDM degree. It is one of the most advantageous decisions for career advancement to pursue an MBA, as the salaries of the top IIMs, including Ahmedabad, Bangalore, and Calcutta, exceed INR 1 crore. Specializing in fields such as Finance, Marketing, or Business Analytics from a reputable institution can result in an increase in your earnings.
Even Tier-2 and Tier-3 colleges are now offering superior salaries and placements. Your level of preparation is also a factor, in addition to the location of your academic institution. By making well-informed decisions during your MBA program, you can secure lucrative employment opportunities and become one of India’s highest earners.