The demand for MBA Professionals has gone up significantly over the past few years, and so has the MBA Salary in India.
Several job roles today mention that they prefer a candidate with an MBA degree. This trend has been increasing over the years as MBA graduates have better skills when it comes to critical thinking and handling difficult situations. The demand for MBA professionals has gone up, and so has the MBA salary in India.
Management is the act of creating and maintaining an efficient business environment where the members of the organisation can work together. There are various specialisations under your MBA that can help you land different job roles at various levels of management.
- MBA in Finance
- MBA in Business Analytics
- MBA in Marketing
- MBA in Human Resource Management
- MBA in Operations Management
- MBA in Management Consultant
- MBA in International Business
Under each of these specialisations, there are various job roles available such as Supply chain manager, Operations manager, HR manager, Marketing Manager, and General manager.
After you get a business management degree there are various industries that you can work in. You will not be restricted to any particular field as there are multiple options available. Every industry requires some level of management, be it in the fashion industry or supply chain management.
Job Roles after MBA in India
We will be discussing the salary trends for the following job roles that you can work in after getting your MBA in India.
- Supply chain manager
- Operations manager
- HR manager
- Marketing Manager
- General manager
|MBA Profile||Fresher’s salary in INR||Experienced Salary in INR|
|Supply chain manager||3,42,752 p.a||11,98,483 p.a|
|Operations manager||3,71,015 p.a||9,97,945 p.a|
|HR manager||3,69,454 p.a||10,14,633 p.a|
|Marketing Manager||4,13,682 p.a||9,13,232 p.a|
|General manager||6,00,000 p.a||26,16,370 p.a|
Supply Chain Manager
A Supply Chain Manager is responsible for overseeing the overall logistics strategy. S/he is responsible for managing the operations in order to maximise a company’s process efficiency and productivity.
The role and function of an operations manager vary between companies and departments. In general, an operations manager specialises in one or more aspects of a business and oversees operations within their departments. S/he will also be responsible for making important policy and strategic decisions and look after the development and implementation of operational policies and procedures.
Human Resource Managers are responsible for recruiting, screening, and interviewing professionals. They handle employee relations, payroll, and training. They are also responsible for coordinating administrative functions in an organisation, and oversee strategic planning and linking a company’s management with its employees.
A marketing manager is primarily responsible for the management of, promotion, and positioning of a brand, its products, and services. They attract and retain more customers, and work on the creation of marketing strategies and campaigns.
Also Read: Top 7 Career Options after MBA in Marketing
A general manager will work on allocating budget resources, formulating policies, coordinating business operations, monitoring staff, ensuring good customer service, and more. A general manager will work on implementing effective business strategies and programs.
MBA Salary in India in 2022
Before you look at the average MBA Salary for various job roles, would you like to gain insights on your current salary and compare your salary v/s peers? Check out our Salary Builder! Check your salary growth in 5 & 10 years and learn how you can earn more.
1. Supply chain manager
The average salary for a Supply Chain Manager in India is ₹865,283 annually.
An entry-level Supply Chain Manager with less than 1-year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of ₹342,752 p.a. An early career Supply Chain Manager with 1-4 years of experience earns an average total compensation of ₹462,282 p.a. A mid-career Supply Chain Manager with 5-9 years of experience earns an average total compensation of ₹809,879 p.a. An experienced Supply Chain Manager with 10-19 years of experience earns an average total compensation of ₹1,198,483 p.a.
2. Operations Manager
The average salary of an Operations Manager in India is ₹776,206 annually.
An entry-level Operations Manager with less than 1-year experience will earn an average total compensation (includes tips, bonus, and overtime pay) of ₹371,015 p.a. An early career Operations Manager with 1-4 years of experience earns an average total compensation of ₹438,364 p.a. A mid-career Operations Manager with 5-9 years of experience earns an average total compensation of ₹707,450 p.a. An experienced Operations Manager with 10-19 years of experience earns an average total compensation of ₹997,945 p.a.
3. HR Manager
The average salary for a Human Resources (HR) Manager in India is ₹711,761 annually.
An entry-level Human Resources (HR) Manager can earn an average total compensation of ₹369,454 p.a. An early career Human Resources (HR) Manager with 1-4 years of experience earns an average total compensation of ₹440,725 p.a. A mid-career Human Resources (HR) Manager with 5-9 years of experience earns an average total compensation of ₹716,261 p.a. An experienced Human Resources (HR) Manager with 10-19 years of experience earns an average total compensation of ₹1,014,633 p.a.
4. Marketing Manager
The average salary for a Marketing Manager in India is ₹701,976 annually.
A Marketing Manager with less than 1-year experience can expect to earn an average total compensation of ₹413,682 p.a. With 1-4 years of experience, you can earn an average total compensation of ₹509,178 p.a. In your mid-career with 5-9 years of experience, you can earn an average total compensation of ₹751,288 p.a. An experienced Marketing Manager with 10-19 years of experience earns an average total compensation of ₹979,040 p.a. Later in their career, employees earn an average total compensation of ₹913,232 p.a.
5. General Manager
The average salary for a General Manager in India is ₹2,041,266 annually.
A General Manager with 1-4 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of ₹600,000 p.a. A mid-career General Manager with 5-9 years of experience earns an average total compensation of ₹1,750,000 p.a. An experienced General Manager with 10-19 years of experience earns an average total compensation of ₹2,098,729 p.a. In their late career, employees earn an average total compensation of ₹2,616,379 p.a.
Common Skills Required by Managers
A manager is responsible for meeting several key tasks. It is thus important for any manager to possess certain skills. Some of these skills which are common across different industries and roles are as follows.
- Communication skills: Communication involves observations, speaking, and empathising too. A manager needs to have a positive relationship with the team. They should be able to communicate expectations and provide feedback too.
- Time management skills: Multitasking is a part of being a manager. Being able to manage all the tasks and ensuring that they are met within the time frame is important.
- Critical thinking and problem-solving skills: The ability of an individual to use knowledge, facts, data to come up with effective solutions is crucial. A manager should be able to work well under pressure and come up with quick solutions.
- Leadership skills: They must be able to motivate, encourage, and direct various teams to complete their job effectively and act as a role model.
This brings us to the end of the blog about MBA salaries in India. Getting an MBA can be very beneficial in your career. Professionals with a Management degree are in high demand in India and the salaries are great as well. Companies in the IT sector, financial services, consulting, everyone would be required to hire for the management and leadership positions, and an MBA is the best way to reach this level in your career. You can check out the best online MBA courses if you wish to upskill and unlock your dream career.
0 Source: GreatLearning Blog