In general, MBA salaries in Mumbai are pretty good. The salary depends on your experience, your educational background, your skillset, the company size and reputation, and of course, which institute you obtained your MBA degree from. For instance, an MBA fresher hailing from SP Jain Institute of Management & Research can get placed with an annual package that can go as high as 23 LPA. Then again, MBA graduates from the reputed institutes can get a yearly salary package of around 18 LPA. Basically, the salaries start from around Rs 3 - 6 LPA and can go up to 28 LPA.
Reputed companies hiring MBA graduates pay well. The starting salary range can be anywhere between Rs. 5,00,000 - 7,00,000 LPA. As your experience increases, so will your salary. After about 10-15 years of work experience, the salary increases exponentially, particularly for senior-level managerial roles - it can usually be around Rs. 30,00,000 - 55,00,000 LPA and more.
Mumbai attracts a lot of foreign investors and MNCs who are rapidly contributing to scale up the business infrastructure of the city even further. And with IT and e-commerce sectors flourishing in Mumbai, career opportunities for MBA graduates are available in plenty.
After obtaining your MBA degree in Mumbai, you can opt for varied job roles including Management Consultant, Marketing Manager, Media Planner, Risk & Insurance Manager, Brand Manager, HR Manager, Sales Analyst, Investment Banker, Operation Expert, and Financial Advisor, among other things. Furthermore, with an MBA degree at hand, you can always embark on your own business venture.