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average package for mba........
Hi Himanshu,
In India or for any other country around the world, the average package for MBA job depends upon,
- Level of college from where MBA is done,
- The roles offered by companies which come for placement
If you are in the top grade of colleges such as IIMs, then your starting salary will be easily around, INR 20 Lakhs per annum. If you are pursuing MBA from other reputed private colleges, then your salary package can be around, INR 10-15 Lakhs per annum. If you pursue MBA from any low to below average graded MBA college, then your initial salary can be around INR 5 to 6 Lakhs per annum. These are decided by the reputation of colleges. Good companies often chose reputed colleges as they can hire the cream of the talent from such institutions. Apart from this, one’s own talent has to come into play during the hiring rounds and must compete for the best package that is available to them.
Let me walk you through the lowest packages that were offered in top B-Schools,
|
Institute |
Year |
Lowest salary package (maximum earning potential) |
|
SPJIMR, Mumbai |
2015 |
Rs 10 lakh per annum |
|
TAPMI, Manipal |
2013 |
Rs 6 lakh per annum |
|
KIAMS, Pune |
2015 |
Rs 2.6 lakh per annum |
|
Xavier Institute of Management, Bhubaneswar |
2013 |
Rs 2.4 lakh per annum |
|
SCMHRD, Pune |
2013 |
Rs 6.11 lakh per annum |
The below table provides a highlight of different placement scenarios in different B-Schools other than IIMs,
|
Institute |
Highest Salary |
Average salary |
Top Recruiters |
Total number of recruiters |
Total number of Placements offered |
|
IIFT, Delhi |
Rs 29 lakh P.A. |
Rs 18.27 lakh P.A. |
Olam, TGI, AluZinc, ADM and Phoenix Commodities CP Group British Telecom, DBS |
94 |
93 |
|
SPJIMR, Mumbai |
NA |
Rs 22.24 lakh P.A. |
Consulting |
263 |
81 |
|
JBIMS, Mumbai |
Rs 30 lakh P.A. |
Rs 18.91 lakh P.A. |
BFSI (43%) |
69 |
63 |
|
FMS, Delhi |
Rs 54 lakh P.A. |
Rs 26 lakh P.A. |
Sales & Marketing |
133 |
64 |
|
IRMA, Anand |
Rs 46.50 lakh P.A. |
Rs 12.17 lakh P.A. |
Gujarat Co-operative Milk Marketing Federation |
114 |
NA |
|
MDI, Gurugram |
Rs 55 lakh P.A. |
Rs 19.79 lakh P.A. |
BFSI (25%) |
119 |
NA |
|
IMI, Delhi |
Rs 20.75 lakh P.A. |
Rs 12. 23 lakh P.A. |
BFSI (34%) |
80 |
NA |
|
IMI, Kolkata |
Rs 20 lakh P.A. |
Rs 6.54 lakh P.A. |
NA |
46 |
15 |
Also, the salaries are greatly impacted by the type of job that the recruiters offer to the MBA students. Some of the jobs and their average package in the industry are listed below,
|
Job Title |
Salary Range (Per Annum) |
|
Operations Manager |
INR 7-12 Lakhs |
|
Quality Control Manager |
INR 5-9 Lakhs |
|
Accounts Manager |
INR 5-12 Lakhs |
|
Sales Manager |
INR 4-18 Lakhs |
|
Marketing Manager |
INR 4-18 Lakhs |
|
Human Resource Manager |
INR 5-12 Lakhs |
|
Project Manager |
INR 5-18 Lakhs |
|
IT Manager |
INR 5-12 Lakhs |
|
Procurement/Purchase/Vendor |
INR 4-8 Lakhs |
|
Business Development Manager |
INR 4-8 Lakhs |
|
Pharma Product manager |
INR 4-10 Lakhs |
|
Business Analyst |
INR 5-9 Lakhs |
The table below provides a snapshot of average packages offered by companies in different colleges in 2019 and 2018. I have also kept IIMs just to compare them with others.
|
MBA College |
Placement 2019 |
Placement 2018 |
|
IIM Ahmedabad |
TBD |
24.45 |
|
IIM Bangalore |
24.54 |
22.76 |
|
IIM Calcutta |
25.36 |
24.2 |
|
IIM Indore |
20.79 |
18.17 |
|
IIM Kozhikode |
20 |
17.8 |
|
FMS Delhi |
23.1 |
21.1 |
|
IIFT |
20.07 |
19.23 |
|
XLRI, Jamshedpur |
22.35 |
20.1 |
|
SPJIMR, Mumbai |
22.9 |
22.24 |
|
MDI Gurgaon |
20.13 |
19.17 |
|
JBIMS Mumbai |
20.13 |
18.91 |
|
IMI New Delhi |
13.01 |
12.23 |
|
IMT Ghaziabad |
12.5 |
11.6 |
|
IIM Tiruchirappalli |
14.91 |
14.28 |
|
IIM Rohtak |
11.85 |
11.7 |
|
IIM Kashipur |
12.24 |
12.19 |
|
IIM Udaipur |
13.2 |
13.16 |
|
IIM Ranchi |
15.02 |
15.09 |
|
IIM Raipur |
14.53 |
12.45 |
|
SIBM Pune |
17.48 |
16.23 |
|
NMIMS Mumbai |
TBD |
17.6 |
|
TAPMI Manipal |
11.06 |
11 |
|
XIM Bhubaneswar |
14.31 |
12.91 |
|
IIM Shillong |
16.79 |
15.5 |
|
IIM Sambalpur |
TBD |
10.55 |
|
IIM Bodhgaya |
10.9 |
10.6 |
|
IIM Amritsar |
12.2 |
11.02 |
|
IIM Nagpur |
12.35 |
12.1 |
|
IIM Visakhapatnam |
12.61 |
12.07 |
|
FORE New Delhi |
10.8 |
10.4 |
|
GIM Goa |
TBD |
10.61 |
|
IRMA Anand |
14.24 |
11.39 |
|
MICA Ahmedabad |
TBD |
12.3 |
*TBD: To be Declared, and salary is average salary in INR Lakhs
All the very best!!
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