Online MBA Salary in India: fresher, Experienced per month in 2024

Online MBA Salary in India: fresher, Experienced per month in 2024

Online MBA Salary in India: fresher, Experienced per month in 2024,Jan 16, 2024

Online MBA Programs

Jan 16, 2024

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In 2024, an MBA degree is recognized as a qualification that enhances the skills of individuals in their current fields to the extent that they can automatically achieve a higher salary job during the next appraisal. In this blog post, we will delve into the specifics of MBA salaries in India, covering various classifications, factors influencing MBA salaries, and more.

According to Indeed, the average annual salary for an MBA in India ranges from ₹6 lakhs to ₹23 lakhs. This range demonstrates significant disparities based on the ranking of the business school, chosen specialization, and individual performance. Notably, an online MBA graduate has the potential for a substantial salary increase, reaching as high as 383%, underscoring the considerable value an MBA adds to career advancement.

The Online Master of Business Administration (Online MBA) stands out as one of the most coveted degrees globally, particularly in India. This postgraduate program typically spans two years and is further divided into 4 semesters of equal six-month duration each, offered by numerous universities globally, with graduates in high demand internationally.

This comprehensive guide provides all the necessary information on MBA salaries in India, making it a potentially lengthy read. To facilitate your understanding, we have organized post-MBA salaries into specific classifications.

Entrance Exams for Online MBA in India

Before jumping into MBA Salary in India, it is essential to start an educational journey of an Online MBA. Most of the universities nationwide require candidates to take entrance exams to get admission to an online MBA in India. mentioned -below is the list of MBA entrance exams in India– 

  • CAT
  • CMAT
  • MAT
  • XAT
  • NMAT
  • SNAP
  • ATMA
  • GMAT

Interested aspirants should get the minimum score in any of the above-mentioned entrance exams, to get admission in their preferred university/ institute.

MBA Salary in India for Freshers

After completing an online MBA degree, several job opportunities become available for individuals to explore. The typical starting salary for an MBA graduate without prior experience is approximately Rs. 3,00,000 per annum. As they gain expertise and experience, their salary is likely to rise.

Freshers are expected to possess strong communication, presentation, and decision-making skills, in addition to comprehensive knowledge in their chosen specialization.

Also Read: Advantages & Disadvantages of AI: update Guide 2024

MBA Salary in India Based on Experience

Those individuals who have completed an Online MBA degree can gain a significant amount of salary package as per their experience in their domains.

  • Salary of an individual with 1-4 years of experience in India
    Individuals who have 1-4 years of experience can get up to INR 4,00,000 per annum and more.
  • MBA Salary after 5-9 years of experience
    The average salary of an individual having at least 5 years or more of experience in India is expected up to 10,00,000 per annum and more.
  • MBA Salary with 10 Years of experience in India
    The average salary of an individual who holds an experience of at least 10 years is expected up to 14,00,000 per annum and more.

MBA Salary in India Based on Qualification

  • B.Com + MBA Salary in India - The average salary of an individual who holds an MBA degree after completing B.Com degree is 7.25 lakhs per annum.
  • BBA + MBA Salary in India - Bachelor’s of Business Administration (BBA) is very profitable degree to an MBA that adds value to individual’s resume. An individual who hlods both bachelors and masters degree in business administration that means BBA and MBA can expect their salary up to INR 18,00,000 per annum.
  • CA + MBA Salary in Inda - Individuals holding an online MBA degree after pursuing CA can except salary up to 20 to 25 lakhs per annum.
  • Executive MBA Salary in India - The average annual salary of an Executive MBA graduate could be range from 3 LPA to 8 LPA per annum.

MBA Salary for other specializations in India

MBA SpecializationAverage Salary (LPA)Salary Range
MBA in MarketingINR 7,82,0007L-25L
MBA in Digital MarketingINR 5,50,0005L-25L
MBA in FinanceINR 7,30,0007L-22L
MBA in HRINR 5,20,0005L-8L
MBA in Business AnalyticsINR 5,40,0005L-18L
MBA in EntrepreneurshipINR 5,50,0005L-20L
MBA in OperationsINR 7,60,0005L-10L
MBA in ITINR 5,77,0005L-12L
MBA in Event ManagementINR 6,00,0002L-18L


Other demanding Specializations

MBA in Marketing ManagementMBA in Operations Management
MBA in HR ManagementMBA in IT Management
MBA in Business AnalyticsMBA in International Business Management
MBA in Logistics and Supply Chain ManagementMBA in Data Science
MBA in Finance and Marketing (Dual)MBA in Data Science and Analytics (Dual)
MBA in Healthcare ManagementMBA in Marketing & HR Management
MBA in Project ManagementMBA in Retail Management
MBA in Banking & Finance ManagementMBA in Digital Marketing
MBA in Entrepreneurship and Leadership (Dual)MBA in Digital Marketing and Ecommerce
MBA in Financial Markets ManagementMBA in Banking, Financial Services and Insurance (BFSI)


Also Read: MBA for working professionals without CAT and MAT
 

Frequently Asked Queries

A1. The opportunities for MBA aspirants in India are vast and continuously growing. Several renowned universities/colleges have dedicated placement cells that assist their MBA students in securing positions in the country's top organizations. These universities/colleges have established a strong reputation and trust with recruiters over time.

A2. After completion of an online MBA degree, the average salary a fresher get approximately upto INR 4,00,000 per annum. Meanwhile, an experienced professional can get up to INR 10,00,000 per annum.

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