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Salary in India After Management Course

Factors on which Management Course salary in India depends

Like any other industry, the remuneration of a Management professional primarily depends on the following factors:

Educational qualification

We live in a country that gives a lot of weightage to not only the education qualification but also the brand name of the college/ university. Earning a degree from a tier 1 college could land up a higher salary as compared to the relatively lower tiers. Similarly, the level of education i.e. whether you have pursued a Master’s degree or a PhD./ Doctoral degree will command a better price in the market for you. 

Years of Experience


The years of experience are another factor that is essential for determining how high up the salary ladder you will be when getting a job or changing companies. Typically, a fresher fetches a lower salary as compared to a professional with decent years of experience.

There is a 28.4% increase in Management salaries for experienced candidates with over 10 years of experience. In mid-career, management graduates can expect a salary hike of up to 33.2%.

Location / Geographies


Owing to the cost of living across cities, the geographical location of your posting impacts your salary. Mumbai is the highest paying city, followed by Bangalore. The salaries you could fetch in tier 1 cities like Delhi, Mumbai, and Bangalore are far more than the rural or tier 2, or tier 3 cities.


Specialization


The specialization you opted for, whether it is Finance or Marketing, Human Resources or Information Technology, makes a difference to a candidate's salary too.

Management Course Starting Salary in India

As discussed in the aforementioned, salaries vary owing to various factors. As per the latest report, management professionals can earn anywhere between Rs 307k to Rs 2 million per annum.

MBA is the most sought-after route for any management aspirant. MBA Salary in India ranges from INR 7,00,000 – 12,00,000 per annum on average for various kinds of MBA courses. As per the payscale, the average MBA salary in India for 2021 is INR 7,71,801.

Graduating Universities / Institutes

The university a candidate graduates from can affect their placement rate and average salaries. Candidates who graduate from top-ranking universities often land more lucrative job designations and salary packages. Some of the top-ranking universities and the starting average salary for the candidates are given below:

  • IIM Ahmedabad Calcutta- 29 LPA
  • IIM Bangalore- 26.18 LPA
  • IIM Ahmedabad- 26 LPA
  • IIFT Delhi- 20.48 LPA
  • SPJIMR- 26.36 LPA
  • NMIMS, Mumbai - 18 LPA
  • FMS Delhi- 21.1 LPA

Specialization wise Management Salaries in India

The salary packages often vary on the management specializations the candidate opts for. Specialization accounts for one of the most influential factors in dictating salaries in India. Various commonly chosen specializations such as Finance, Marketing, Business Analytics, and Information Technology usually offer well-paying remuneration. 

Management in Finance Salaries in India

Finance is one of the most in-demand specializations in India. It attracts job opportunities in various sectors and designations and helps candidates climb the corporate ladder to even more lucrative positions.  Average salaries: INR 2,00,000 to INR 14,70,000.

A candidate can expect an average salary of INR 752K per annum after an MBA in finance. Candidates with higher experience and skills can fetch INR 2M per annum as Finance Managers and Senior Business Analysts.


Among the top recruiters of MBA Finance graduates are EY, HDFC Bank, Accenture, and TCS.


Management in Marketing Salaries in India


The majority of industries and businesses, regardless of their size, have turned to digital marketing. Hence, candidates with an MBA in Marketing are hot commodities in the job market.

A graduate with an MBA in Marketing can expect an average salary of INR 808 lakh per annum. Senior employees can fetch up to INR 2M - 3M as Regional Sales Managers and Business Development Managers. Average salaries: INR 14,25,000 to INR 20,43,000.


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