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What salary do MBA’s from Premier Business Schools in India get?

This is a question that I get asked quite often – We normally hear only the ones who get highest salaries, but most of us do not know what is the average salary that a MBA should look at (if he/she has passed from premier Business School)

Here are some of the figures from the survey conducted by iimjobs.com – These numbers were collated based on salary data administered between May 16 to 31, 2010 with over 5600 MBA graduates sharing their salary data anonymously.

Average MBA Salaries for Systems (I.T) Sector

MBA-Systems-IT-salaries

Salaries grew fastest at 12.7% for professionals working in IT sector, taking them closer to their batch mates working in Finance and Consulting. Average salary for MBAs working in IT sector was observed to be 12.9 lakhs for 3 to 4 years of experience and 17.3 lakhs for 5 to 7 years of experience.

Average MBA Salaries for Sales & Marketing Sector

MBA-Marketing-salaries

Professionals in Sales & Marketing saw 11.8% growth in compensation this year. Average salary for MBAs working in Sales & Marketing was observed to be 9.8 lakhs for 1 to 2 years of experience, 13.6 lakhs for 3 to 4 years of experience and 18.1 lakhs for 5 to 7 years of experience.

Average MBA Salaries for Finance Sector

Finance-MBA-Salaries

Average salaries in Finance was observed to be 11.5 lakhs for 1 to 2 years of experience, 14.3 lakhs for 3 to 4 years of experience and 19.6 lakhs for 5 to 7 years of experience.

Average MBA Salaries for Consulting Sector

MBA-Consulting-salaries

Average salaries in Consulting grew around 7.6% and was observed to be 11.5 lakhs for 1 to 2 years of experience, 14.7 lakhs for 3 to 4 years of experience and 18.4 lakhs for 5 to 7 years of experience.

Attrition Rate for MBA Graduates

Attrition rate was observed to be highest at 13.6 % for Finance graduates with 3 to 4 years of experience. It was lowest at 6.9% for professionals in General Management/Consulting. Average Attrition rate was 11.2%.


About Arun Prabhudesai

Arun Prabhudesai is founder / chief editor at trak.in. He jumped the Entrepreneurship bandwagon in early 2008 after a long 13 year stint in I.T Industry. You can follow him on twitter @trakin and Facebook. Arun’s Google+ Profile

12 comments

  1. For iim’s u have to pass their entrance exam called CAT.

  2. tell me actual creteria for joining iim please also tell which is best sector in MBA as I m pusuing BBA.

    • Adithya Gunasekar

      You need to appear for CAT(Common Admission Test) to be able to get into an IIM. For further queries visit this this link: https://www.facebook.com/pages/Career-Corner/322514784486064

  3. Dears, This is anuj kumar. I did my Mba in 2008-10 from a low grade college. now at the placement time m strugling for the good compny as well a good pkg, and also having 2.5 year exp in sales and marketing. Now can any one suggest me what should I do for better. waiting some fruit full response Anuj kumar 08826841545

  4. The salary level have really increased compared to 2008-2009 times. Also the Demand of market is really increasing for MBA from top business schools.

  5. Anand Srivastava

    must watch it……..

  6. Sumeet Gangatre

    Please tell me average (mba system) colleges in mumbai and pune, Syllabus and salary?

    • Adithya Gunasekar

      List of MBA Colleges in Mumbai Jamnalal Bajaj Institute of Management Studies (JBIMS) National Institute of Industrial Engineering (NITIE) Shailesh Mehta school of Management,IIT Powai (I I T B) S.P Jain Institute of Management and Research (SPJIMR) Tata Institite of Social Sciences (TISS) Narsee Monjee Institute of Management Studies (NMIMS) K.J Somaiya Institute for Management Studies and Research Prin. L N Welingkar Institute of Management Development and Research S.I.E.S College of Management Studies Chetana's R.K Institute of Management and Research AEGIS School of Business, Navi Mumbai Alkesh Dinesh Mody Institute Altair Business School Anjuman-I -Islam's Allana Institute of Management Studies (AIAIMS) Asian Institute of Management ASM's Institute of Management and Computer Studies Atharva School of Business Babasaheb Gawde Institute of management Studies The Bombay School of Business Institute for Technology and Management (ITM) Kharghar Navi Mumbai Center for Management and Information Technology Elphinstone College Garodia School of Professional Studies ICFAI Business School Indian Institute of Export and Import Management All the colleges or Institutes mentioned above conducts full time MBA programs. FOR MORE QUERIES VISIT: https://www.facebook.com/pages/Career-Corner/322514784486064

  7. Executivembainindia India

    Executivembainindia.com is our website where professionals with great expertise are always ready to assist and guide you if you are in the hunt for any serious Executive MBA edification. For more information visit http://www.executivembainindia.com.

  8. The salary level have really increased compared to 2008-2009 times. Also the Demand of market is really increasing for MBA from top business schools.

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