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The average salary that you get after completing your MBA in India may vary quite a bit depending on a number of factors, such as the institutions from which you graduate, your specialization, or whatever years of work experience you might have. So, on an average, you might be expecting to see a starting salary in the range of 6 Lakhs to 10 Lakhs per annum…But this can go much higher even for graduates from top-tier schools, reaching 15 Lakhs or more.
Top B-schools include very good placement statistics, with graduates from engineering disciplines leaving colleges with offers above 20 Lakhs. Many people with work experience as well as those specializing in finance, consulting, or IT would have figures substantially higher.
Another thing to consider is the city in which you find a job. Major metros like Mumbai, Bengaluru, and Delhi will usually pay more than smaller cities. But so too do they cost more to live in.
Identify the industries and sectors that have traditionally offered high salaries to MBA graduates, which will help you maximize your earning potential. Then, networking and internships during your course are very crucial to sitting in a good job after the course.
Ultimately, salary after an MBA in India is not just about numbers; it reflects value to the company and for your career goals.
The average salary after doing an MBA in India varies significantly from instance to instance based on the reputation of the business school that they graduate from, the specialization, and the industry that they enter into. However, for graduating students of top-notch institutes like IIMs or any one of the other B-schools, packages have been more at a higher end than that of others.
The general expectation is that the MBA graduates of top B-schools can draw a salary between INR 12-25 lakhs per year. However, entry-level salary may even go up to as much as INR 30 lakhs per annum depending on the experience and specialization of candidates, especially those coming from consulting, finance, or tech sectors. For those who are graduating from middle-tier institutes, the average salary is normally between INR 8-12 lakhs per year.
Industry is another reason for salary differences. Consulting, investment banking, and IT companies usually give better packages, and one could expect relatively lesser starting salaries in education or not-for-profit.
All in all, an MBA opens up channels to lucrative jobs, but it is the mixed outcome of business school, experience, and industry chosen that will determine the ultimate salary you get.
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