Answer (1)
SUMIT AGARWAL 5th Nov, 2019

Hi Himanshu,

In India or for any other country around the world, the average package for MBA job depends upon,

  1. Level of college from where MBA is done,
  2. 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!!

1 Comment
Comments (1)
10th Nov, 2019
can i get a call from iim's with average past records
Reply
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