Is an MBA worth it in India? How much can you really earn?

Think all MBAs earn six figures? The reality might surprise you!

A master’s in business administration is more like a game of time and dedication. But one thought will always linger in your mind before admission: ‘How much am I going to earn?

Well, we are here to give you a reality check on the same.

Is an MBA valuable in India?

MBA career opportunities are ideally for the aspirants who are looking out for managerial and leadership positions. This has been quite a popular medium to reach heights in the corporate sector for the industry-specific requirements, especially in India.

Let’s take a look into the three major factors that conclude that it’s worth it to pursue an MBA in India.

Financial concern

When we consider the top-tier business schools like BITs and IIMs, it’s a sure-shot message to the MBA graduates that they are going to secure successful and hefty money-making jobs in the industry. Although the role depends on whether they go for finance, investing, or banking. Moreover, it’s a win-win deal since the renowned and big colleges recover the tuition fees, and one does not have to worry about the ROI after achieving an MBA degree.

Industry demands for skill development

The MBA program includes in-depth knowledge in numerous areas, including marketing, investment management, finance, and many more. Here comes a strong grip on the soft skills like critical thinking and problem solving. Throughout the MBA program, the colleges ensure you focus on new skills to mark your position in the competitive job market.

Long-term ROI

Scared of the burdensome MBA fees? Well, it is scary, but not with long-term ROI. A degree like an MBA will help you land in big companies with high-paying jobs, and it’s totally worth it when those companies recoup them. If you want to become a corporate leader with a six-figure salary check, there is no better option than pursuing an MBA.

MBA Salary for Freshers in India

Honestly, there are numerous layers that can directly and indirectly affect the MBA salary in India, which include job profile, specialization, location, college reputation, and years of experience. Let’s talk about the MBA packages for the freshers first.

This may differ from industry to industry, and some might offer a higher starting package, but here’s a general idea for you to get an idea about the same and acquire top MBA salaries in the future.

Breakdown as per industry:

Finance: ₹2-6 lakhs per annum
IT/Tech: ₹5-14 lakhs per annum
Finance: ₹2-6 lakh per annum
FMCG: ₹7-10 lakhs per annum
Consulting: ₹6-21 lakhs per annum

Breakdown as per specialization:

Finance: ₹2-5 lakhs per annum
Human Resources (HR): ₹3-6 lakhs per annum
Marketing: ₹2-4.5 lakhs per annum
Business Analytics: ₹5-10 lakhs per annum

Breakdown as per city:

Bengaluru: ₹3-6 lakhs per annum
Delhi: ₹3-6 lakhs per annum
Mumbai: ₹4-5 lakh per annum

Breakdown as per tier B-schools:

Tier 1 B-Schools: ₹10-18 lakhs per annum
Tier 2 B-Schools: ₹5-10 lakhs per annum

Practical experiences while pursuing an MBA give the aspirants an edge to secure the top spot in the high-paying MBA job offers. It could be part-time jobs, internships, or project management. Not only do employers always value hands-on experience candidates, but it also helps the students develop their skills. With more experience, you can negotiate better when it comes to salary hikes, particularly for MBA career growth.

It’s always an advantage to keep on upscaling and MBA networking. Knowledge and hard work always pay off, be it in any form and any field.