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Hi Silli,
In India or for any other country around the world, the package for MBA job depends upon,
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
Rs 2.6 lakh per annum
Xavier Institute of Management, Bhubaneswar
Rs 2.4 lakh per annum
SCMHRD, Pune
Rs 6.11 lakh per annum
The below table provides a highlight of different placement scenarios in different B-Schools other than IIMs,
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
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
MDI, Gurugram
Rs 55 lakh P.A.
Rs 19.79 lakh P.A.
BFSI (25%)
119
IMI, Delhi
Rs 20.75 lakh P.A.
Rs 12. 23 lakh P.A.
BFSI (34%)
80
IMI, Kolkata
Rs 20 lakh P.A.
Rs 6.54 lakh P.A.
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
Human Resource Manager
Project Manager
INR 5-18 Lakhs
IT Manager
Procurement/Purchase/Vendor
INR 4-8 Lakhs
Business Development Manager
Pharma Product manager
INR 4-10 Lakhs
Business Analyst
The table below provides a snapshot of 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
22.9
22.24
MDI Gurgaon
20.13
19.17
JBIMS Mumbai
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
17.6
TAPMI Manipal
11.06
11
XIM Bhubaneswar
14.31
12.91
IIM Shillong
16.79
15.5
IIM Sambalpur
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
10.61
IRMA Anand
14.24
11.39
MICA Ahmedabad
12.3
*TBD: To be Declared, and salary is average salary in INR Lakhs
All the very best!!
Hello Silli
Experience is the key factor in salary increment because it leads to value addition. No matter what specialization you do experience will lead you to divulge in all the fields.
However there are some management specializations which provide good profiles:
Marketing
Finance
Operations
Analytics
But still SALES tops all the above.
In MOST organizations, people who SELL always get paid more, cause that’s at the center of all the strategy. Only if you sell stuff then you generate money for salaries, people development, R&D expense, capital investment , vendor expenses, cost of buying raw materials etc.
If there’s no sales, none of the other activities can continue for long.
So that’s the reason people in sales are given the additional incentive.
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