MBA Highest Package in India 2023-24: Check Companies, Hiring Trends

Updated On: March 18, 2024 12:18 PM

Get detailed insights about the highest salary packages offered to MBA graduates by IIMs and Top B-schools in India. Learn more about the MBA highest package in India 2023-24 along with their trends right here!

Table of Contents

MBA Highest Package in India 2023-24: Offered by IIMs
MBA Highest Package in India 2023-24: Offered by Non-IIMs
Highest International Packages Offered by Top MBA Colleges as of …
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MBA Highest Package in India: Check Companies, Hiring Trends

MBA Highest Package in India: Aspirants often pursue MBA course from IIMs and top B-schools such as FMS, SPJIMR, IIFT, and MDI to acquire good salary packages in big reputed companies. In the present scenario of job listings, students will come across many jobs marked as ‘MBA Preferred’ by the topmost companies. The reason is MBA graduates are highly skilled and have great problem-solving skills.

MBA salary in India depends on the skillset qualification and work experience. If you are enthusiastic, flexible, think out of the box, and are logical in solving complex problems, you are likely to have a successful career ahead with significant growth.

Placements at IIMs are usually held between Dec-Feb every year. The highest CTC offered by these IIMs usually ranges between INR 70 Lacs and 1 Crore and the average CTC ranges from INR 10 to 35 Lacs. The top sectors attracting MBA graduates in recent years are E-Commerce, Finance, Consulting, and IT/Analytics. Companies are majorly offering job profiles in the key areas of Finance, Product Management, Analytics, General Management, and Consulting. Top recruiters of IIMs in India are Deloitte, Goldman Sachs, Accenture, Barclays, E&Y, Morgan Stanley, Squareyards & Protiviti, JP Morgan Chase, EXL, HSBC, Amazon, Zomato, ICICI Bank, Bajaj, Axis, Tata, KPMG, WIPRO, Walmart, Tolaram.

Also Read:

Top Institutes with 100% Job Placements	CAT Score vs Percentile 2023
Top Jobs After MBA	Top 5 Highest Paying MBA Specialisations in India 2024

MBA Highest Package in India 2023-24: Offered by IIMs

Check out the list of top IIMs in India 2024 and the average and highest salary packages offered by each campus:

Name of Institute	Average CTC (Domestic)	Highest CTC (Domestic)
IIM Ahmedabad	INR 34.45 LPA	INR 1.46 CPA
IIM Calcutta	INR 35.07 LPA	INR 1.15 CPA
IIM Lucknow	INR 32.2 LPA	INR 1 CPA
IIM Indore	INR 30.21 LPA	INR 1.14 CPA
IIM Kozhikode	INR 31.02 LPA	INR 67.02 LPA
IIM Shillong	INR 26.96 LPA	INR 71.30 LPA
IIM Nagpur	INR 16.74 LPA	INR 64.00 LPA
IIM Amritsar	INR 16.51 LPA	INR 36.25 LPA
IIM Rohtak	INR 18.73 LPA	INR 36 LPA
IIM Ranchi	INR 17.30 LPA	INR 67.00 LPA
IIM Raipur	INR 21.04 LPA	INR 67.60 LPA
IIM Sirmaur	INR 14.45 LPA	INR 64.12 LPA
IIM Udaipur	INR 20.63 LPA	INR 41.38 LPA
IIM Kashipur	INR 18.1 LPA	INR 37 LPA
IIM Bodh Gaya	INR 14.96 LPA	INR 48.58 LPA
IIM Sambalpur	INR 16.63 LPA	INR 64.61 LPA
IIM Jammu	INR 16.50 LPA	INR 64 LPA

MBA Highest Package in India 2023-24: Offered by Non-IIMs

Check out the average and highest salary packages offered by top Non-IIMs in India:

Name of the Institute	Average CTC (Domestic)	Highest CTC (Domestic)
Faculty of Management Studies (FMS), Delhi	INR 34.1 LPA	INR 1.23 CPA
Indian Institute of Foreign Trade (IIFT), New Delhi	INR 29.1 LPA	INR 76.5 LPA
Xavier Labour Relations Institute - (XLRI), Jamshedpur	INR 29.89 LPA	INR 75 LPA
Management Development Institute (MDI), Gurgaon	INR 26.13 LPA	INR 60 LPA
SP Jain Institute of Management and Research - (SPJIMR), Mumbai	INR 33.02 LPA	INR 67.50 LPA
Jamnalal Bajaj Institute of Management Studies (JBIMS), Mumbai	INR 28.02 LPA	INR 35.75 LPA
MICA Ahmedabad	INR 20.09 LPA	INR 36 LPA
Institute of Management Technology (IMT), Ghaziabad	INR 17.35 LPA	INR 65.6 LPA
Great Lakes Institute of Management	INR 18.10 LPA	INR 34 LPA
Siddhant Institute of Business Management (SIBM), Pune	INR 20.14 LPA	INR 34.26 LPA
NMIMS Mumbai	INR 26.63 LPA	INR 57.78 LPA
Indian School of Business (ISB), Hyderabad	INR 28.29 LPA	INR 72 LPA
International Management Institute (IMI), New Delhi	INR 13.07 LPA	INR 22.00 LPA
IMI Kolkata	INR 9.12 LPA	INR 20 LPA
Xavier Institute of Management (XIMB), Bhubaneswar	INR 15.42 LPA	INR 26.00 LPA

Also Read: MBA Admission 2024

Highest International Packages Offered by Top MBA Colleges as of 2023

Various international companies conduct their placement drives at the top-ranked B-schools in India by offering lucrative salary packages in various job profiles. Check out the highest international packages offered by the top MBA colleges in India below.

IIM Ahmedabad

Candidates can find the placement highlights of IIM Ahmedabad below.

Particulars	Details
Highest International Salary Offered	NR 1.14 CPA
Total Number of Recruiting Companies	153
Top Recruiting Companies	McKinsey, CavinKare, BCG, Paints, Lenovo, HUL, ITC, Nestle, Reckitt Benckiser, Samsung Electronics, Indigo, Tata Sky, Wipro Consumer Care, and MasterCardAsian.
Total Number of Offers Made	389
New Recruiters	38
Top New Recruiters	FiveHoldings and Bharti Enterprises

IIM Calcutta

Candidates can find the placement highlights of IIM Calcutta below.

Particulars	Details
Highest International Salary Offered	INR 94.82 LPA
Total Number of Offers Made	520
New Recruiters	39
Top Recruiting Companies	Accenture, Boston Consulting Group

IIM Lucknow

Candidates can find the placement highlights of IIM Lucknow below.

Particulars	Details
Highest International Salary Offered	INR 65 LPA
Average CTC Offered	INR 32.2 LPA
Total Number of Offers Made	632
Total Number of Recruiting Companies	200
Top Recruiting Companies	Flipkart, Deloitte, RIL, PwC, Nestle, KPMG, Amazon, Goldman Sachs, Morgan Stanley, Microsoft, Mckinsey & Co.

IIFT Delhi

Candidates can find the placement highlights of IIFT Delhi below.

Particulars	Details
Highest International Salary Offered	INR 85.4 LPA
Number of international Positions Offered	17+
Total Number of Recruiting Companies	108
Top Recruiting Companies	Yes Bank, Citibank, D.E. Shaw, L&T, Indus Valley Partners, Goldman Sachs, EpikInDifi, JP Morgan & Chase, HSBC Global Banking and Markets, and Samunnati Finance

SPJIMR Mumbai

Candidates can find the placement highlights of SPJIMR Mumbai below.

Particulars	Details
Highest International Salary Offered	INR 77.88 LPA
Total Number of Students Participating	237
Total Number of PPOs	112
Total Number of Recruiting Companies	63
Top Recruiting Companies	Accenture, Bain & Co, Boston Consulting Group

NMIMS Mumbai

Candidates can find the placement highlights of NMIMS Mumbai below.

Particulars	Details
Highest International Salary Offered	INR 67.80 LPA
Total Number of PPOs	36% of the Batch
Total Number of Recruiting Companies	148
Top Recruiting Companies	Goldman Sachs, Zycus, BCG, Aditya Birla Capital, Cisco, Deloitte, L’Oréal, Marico, Credit Suisse, Morgan Stanley, Accenture, Genpact, KPMG Global Services, and Bank of America.

The whooping salary packages mentioned above on this page express the rising demand for MBA in India. Many big companies from popular sectors are ready to set up in India to offer lucrative offers to MBA graduates. The above-stated figures are not set in stone. Rather than chasing the figures, how well you have mastered your skills and how well you can contribute towards the growth of the company are the factors that will serve you in the long run.

Related Articles:

MBA Fees in India	List of Non-IIM MBA Colleges to Apply to Before and After CAT Exam
List of Top MBA Specializations in India	Distance MBA in India in 2024

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FAQs

What is an MBA HR salary?

An MBA HR salary for a fresher ranges from INR 1.7 lakh to 4 lakh per annum. With 2-5 years of experience, one can earn between INR 3.5 lakh and INR 7 lakh per annum, and with more than 5 years of experience, the salary package ranges from INR 8 lakh to INR 24 lakh per annum.

What are the top recruiters for MBA graduates in India?

The top recruiters for MBA graduates in India are HDFC Bank, Accenture, TCS, GAIL, ONGC, ICICI Bank, Ernst & Young, PwC, Deloitte, KPMG, and Infosys, JP Morgan, and Standard Chartered Bank, among others.

Can I become CEO after MBA?

Yes, you can become a CEO after MBA. You have to opt for MBA specializations in Marketing, Finance, Economics, Commerce, or any field related to the industry one is interested to work in. The average salary for a CEO in India is INR 30,94,746 per year.

Which MBA specialization has more jobs?

The MBA specializations that have more jobs are MBA in Human Resource Management, MBA in Business Analytics, MBA in IT Management, MBA in Healthcare Management, MBA in Logistics and Supply Chain Management, MBA in Operations Management, MBA in Data Analytics, and MBA in Project Management. The average salary packages for few MBA specializations are provided below:

MBA in Finance: INR 6,78,000
MBA in Business Analytics: INR 10,00,000 - INR 18,00,000
MBA in HR: INR 6,08,000
MBA in Operations Management: INR 8,02,000

What is the salary for MBA finance?

The average salary for MBA Finance is INR 3,98,526 per year in India. The highest paying jobs after an MBA Finance are Investment Banker, Financial Manager, Chief Technology Officer, Information Technology (IT) Director, and Investment Bank Manager, etc. The highest salaries in this domain stand at INR 16 LPA for Finance Manager, INR 23 LPA for Senior Finance Manager, and INR 5,15,000 per month for Lead Finance Manager.

What is MBA salary per month?

According to Glassdoor, the average MBA salary in India 2023 is INR 1,19,500 per month. The average additional cash compensation for an MBA in India ranges from INR 99,000 to INR 99,000. For example, the average salary for MBA Marketing is INR 42,500 per month in India and the average additional cash compensation for an MBA Marketing in India is INR 15,000, with a range from INR 9,750 to INR 66,500. The average additional cash compensation for an MBA Finance in India is INR 48,526, with a range from INR 30,000 to INR 1,50,000.

Which MBA fields have the highest salary?

The MBA fields that have the highest salary are Banking & Financial Services, Business Analytics, Marketing Management, Human Resource Management, International Business, Financial Management. These specializations offer average salary packages of INR 11,24,127; INR 7,00,000; INR 9,43,553; INR 3,50,000 to INR 7,00,000; INR 10,00,000 to INR 15,00,000; and INR 7,00,000 to INR 20,00,000.

What is the highest package in IIM 2023?

The highest package in IIM 2023 is as follows:

INR 1.14 CPA at IIM Indore
INR 1.15 CPA at IIM Calcutta
INR 1 CPA at IIM Lucknow
INR 61.49 LPA at IIM Ahmedabad
INR 67.02 LPA at IIM Kozhikode
INR 64 LPA at IIM Nagpur

Apart from these IIMs, a few other IIMs offer lesser salary packages like INR 26.19 LPA at IIM Sambalpur, INR 37 LPA at IIM Kashipur, INR 35.50 LPA at IIM Ranchi, and INR 30.50 LPA at IIM Bodhgaya.

What is the salary of an MBA in India?

The average salary of an MBA in India as of 2023 ranges from INR 23.07 LPA to INR 32.40 LPA. However, IMT Ghaziabad and XIMB Bhubaneswar offer average MBA salaries of INR 15.28 LPA and INR 17.54 LPA. The highest salary of an MBA in India 2023 ranges from INR 42 LPA to INR 1.14 CPA.

Which is the MBA highest package in India?

The MBA highest package in India can go up to INR 1.14 CPA offered by MDI Gurgaon. The average and median salaries offered at MDI Gurgaon stand at INR 26.07 LPA and INR 23.50 LPA, respectively. Followed by MDI Gurgaon, XLRI Jamshedpur offers the highest domestic salary over INR 60 LPA.

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-Sumukhi DiwanUpdated on December 20, 2024 09:32 PM

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Anmol Sharma, Student / Alumni

LPU offers a diverse range of online undergraduate (UG) and postgraduate (PG) programs, including MBA and MCA, all of which are UGC entitled and AICTE approved, ensuring quality education at an affordable price. The courses are designed to provide industry exposure and placement support, enhancing students' employability. Admission is straightforward, requiring only a UG degree with a minimum of 50% marks for MBA candidates, with no entrance exams necessary. Prospective students can easily apply online for various diploma, graduation, and post-graduation programs, with admissions currently open for 2024. LPU's online courses present an excellent opportunity for flexible learning and career …

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RAJNI, Student / Alumni

The Semester fee for the MBA program at Lovely Professional University(LPU)typically varies depending on specializations and other factors as such as scholarships or Financial aid. The fee may vary slightly based on the specialization chosen, and additional costs may apply for other services such as hostel accommodation, books and other students amenities. For the most accurate and up to date fee structure, it's recommended to check the official LPU Website or directly to contact the admission offices.

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RAJNI, Student / Alumni

In the MBA program at Lovely Professional University (LPU)Students have option to specialize in various domains to enhance their skills and Knowledge in specific areas of Business management. General MBA Dual Specialization offered in MBA Finance, Marketing, Human Resource Management, International Business, Operation Management. These specialization allows students to tailor their MBA to their career goals, whether they are interested in finance ,marketing, human resource ,technology or other domains. LPU also offers a flexible dual specialization option ,giving students the chance to diversify their knowledge and skills to meet the demands of dynamic business environment.