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What is a good pay package for an mba in finance from a good institute

I want to have a career in management sector.I have just passed my 12 in commerce. I wish to do mba. What is a moderate salary of an mba from a good institute


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RE: What is a good pay package for an mba in finance from a good institute

Dr Aparna
Dr Aparna
Verified Career Expert
PhD Organizational Psychology
  • Hosur

Hello

Thank you for choosing CareerGuide.com!!!

An MBA degree from a premier institute in India is highly advantageous by three reasons - excellent pay, excellent placement and excellent job advancement and growth opportunities. Your pay also is highly dependent on from where you are graduating with your MBA. However an MBA with Finance is extremely rewarding in terms of job scope, growth opportunities and even pay structures. You are currently passed school level, so to study an MBA finance in future, you should study a BBA Bachelor of business administration with finance specialisation. You should have a high numerical aptitude to be successful in MBA Finance degree. Unless there is a good interest in maths and statistics subject, it might be very difficult to study finance subject. `After a BBA degree with finance, you can study an MBA degree with finance specialisation.


To study an MBA degree in finance, you need to write and crack the CAT exam with a very good score. If you get a top score in CAT and also perform well in personal interview - PI round then you can be selected at very top reputed business schools in India. So your pay scale will depend upon the institutes you graduate from with your MBA degree.

  • IIM Ahmedabad ( www.iimahd.ernet.in/), ISB Hyderabad ( www.isb.edu/): Students with an MBA qualification from these two premier institutes in India, usually get a pay scale of a minimum of 12-20 lakh per annum. Freshers get a pay of 12 lakh and the pay increases as per the work experience the candidate have had prior to their MBA degree.

  • IIM Bangalore ( www.iimb.ernet.in/), IIM Calcutta( www.iimcal.ac.in/): Students with a degree from these two institutes can expect a pay scale range of 10-15 lakh per annum.
  • IIT Delhi ( www.iitd.ac.in/): IIT Delhi ( www.iitd.ac.in/) is the first IIT ranked management school that offers excellent placement and pay package. Students can expect a range from 10-15 lakh here as well.
  • IIT Kharagpur Vinod Gupta school of management: IIT KGP is the second best ranked management school under central govt approved IIT's. The pay here for an MBA Finance graduate is usually around 8-15lakh per annum.
  • IIT Madras: IIT Madras is the third best management school under IIT's and the pay offered here ranges between 7lakh and 15 lakh.

The other IIT and IIM institutes usually start with a minimum pay of 6lakh per annum and goes upto 12 lakh per annum. So the rest of the institutes across India offers a pay from 4 lakh and above.

To get a better pay after an MBA:
1. It is essential to graduate from a top tier institute
2. It is essential to have at least two years work experience before studying an MBA, and this will help you to start with a minimum pay of 7lakh and above. Hope this helps. Good luck.

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