MBA / SALARY
MUMBAI

SALARY SURVEYS

29

UPDATED
April 2024
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AVERAGE SALARY / YEAR

MOST TYPICAL SALARY / YEAR

Gross income

Net (after tax)

83.19 INR = 1 USD

1,980,207 INR

$23,804 USD

Bangalore

1,844,278 INR

1,414,196 INR

$17,000 USD

Including "Bangalore"

Excluding "Bangalore"

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Average Salary / MBA / Mumbai

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Average salary for MBA / Mumbai is 1,980,207 INR per year. The most typical earning is 1,414,196 INR. All data are based on 29 salary surveys. Salaries are different between men and women. Men receive an average salary of 2,079,700 INR. Women receive a salary of 1,855,092 INR.

Based on education, the highest salaries receive people with Masters Degree with salary of 2,171,206 INR. The second most paid education level is Bachelors Degree with salary of 1,247,820 INR.

Different experiences affect earning as well. People with 1-2 Years of experience receive salary of 2,545,552 INR. Employees with 2-4 Years of experience receive 2,171,206 INR.

Levels / MBA / Mumbai (Gross INR)

Salary Levels (INR) per Year	Surveys	[%]
83,200 INR - 166,299 INR	0	n/a
166,400 INR - 249,499 INR	0	n/a
249,600 INR - 415,899 INR	2	100% 6.9%
415,900 INR - 831,799 INR	4	93.1% 13.79%
831,900 INR - 1,247,699 INR	3	79.31% 10.34%
THE MOST TYPICAL SALARY
1,247,800 INR - 1,663,699 INR	7	68.97% 24.14%
1,663,800 INR - 2,079,599 INR	0	n/a
2,079,700 INR - 2,495,599 INR	7	44.83% 24.14%
2,495,600 INR - 2,911,499 INR	2	20.69% 6.9%
2,911,600 INR - 3,327,399 INR	1	13.79% 3.45%
3,327,500 INR - 3,743,399 INR	0	n/a
3,743,500 INR - 4,159,299 INR	1	10.34% 3.45%
4,159,400 INR - 4,575,299 INR	0	n/a
4,575,300 INR - 4,991,199 INR	0	n/a
4,991,300 INR - 5,407,099 INR	1	6.9% 3.45%
5,407,200 INR - 5,823,099 INR	0	n/a
5,823,200 INR - 6,238,999 INR	0	n/a
6,239,100 INR - 6,654,999 INR	0	n/a
6,655,000 INR - 7,070,899 INR	0	n/a
7,071,000 INR - 7,486,799 INR	0	n/a
7,486,900 INR - 7,902,799 INR	1	3.45% 3.45%
7,902,900 INR - 8,318,699 INR	0	n/a
8,318,800 INR - 8,734,699 INR	0	n/a
8,734,700 INR - 9,150,599 INR	0	n/a
9,150,700 INR - 9,566,499 INR	0	n/a
9,566,600 INR - 9,982,499 INR	0	n/a
9,982,600 INR - 10,398,399 INR	0	n/a
10,398,500 INR - 10,814,399 INR	0	n/a
10,814,400 INR - 11,230,299 INR	0	n/a
11,230,400 INR - 11,646,199 INR	0	n/a
11,646,300 INR - 12,062,199 INR	0	n/a
12,062,300 INR - 12,478,099 INR	0	n/a
HIGH SALARIES
12,478,200 INR - 13,309,999 INR	0	n/a
13,310,100 INR - 14,141,899 INR	0	n/a
14,142,000 INR - 14,973,799 INR	0	n/a
14,973,800 INR - 15,805,599 INR	0	n/a
15,805,700 INR - 16,637,499 INR	0	n/a
16,637,600 INR - 17,469,399 INR	0	n/a
17,469,500 INR - 18,301,299 INR	0	n/a
18,301,400 INR - 19,133,199 INR	0	n/a
19,133,200 INR - 19,964,999 INR	0	n/a
19,965,100 INR - 20,796,899 INR	0	n/a
20,797,000 INR - 29,115,799 INR	0	n/a

Gender / MBA / Mumbai (Gross INR)

#		Surveys		AVERAGE SALARY / YEAR
1	Men	22	2,079,700 INR
2	Women	6	1,855,092 INR

Education / MBA / Mumbai (Gross INR)

#		Surveys		AVERAGE SALARY / YEAR
1	Masters Degree	23	2,171,206 INR
2	Bachelors Degree	6	1,247,820 INR

Experience / MBA / Mumbai (Gross INR)

#		Surveys
1	1-2 Years	4	2,545,552 INR
2	2-4 Years	7	2,171,206 INR
3	4-8 Years	14	1,905,005 INR
4	8-12 Years	1	1,597,209 INR
5	0-1 Year	2	1,380,920 INR
6	12-16 Years	1	1,064,806 INR

Age / MBA / Mumbai (Gross INR)

#		Surveys
1	31-35	6	2,287,670 INR
2	26-30	21	2,004,830 INR
3	36-40	1	1,064,806 INR
4	n/a	1	549,040 INR

Work Type / MBA / Mumbai (Gross INR)

#		Surveys		AVERAGE SALARY / YEAR
1	Permanent	29	1,979,874 INR

People's individual salary examples (surveys)

Onboarding

Posted 10 June 2022
Key knowledge and tasks

"Innovator, MBA, Product Knowledge, Analytics, Client Relationship Management."

City	Education	Experience	Knowledge	Gross salary / year
Mumbai	Masters Degree	1-2 Years	Expert	7,510,300 INR

Investment Banking

Posted 20 May 2021
Key knowledge and tasks

"Investment banking."

City	Education	Experience	Knowledge	Gross salary / year
Mumbai	Masters Degree	2-4 Years	Advanced	4,124,300 INR

Rating Analyst

Posted 12 December 2020
Key knowledge and tasks

"Rating analyst, corporate finance certificate."

City	Education	Experience	Knowledge	Gross salary / year
Mumbai	Bachelors Degree	2-4 Years	n/a	552,600 INR

Area Sales Manager

Posted 14 May 2020
Key knowledge and tasks

"Sales of EDC machines."

City	Education	Experience	Knowledge	Gross salary / year
Mumbai	Bachelors Degree	1-2 Years	n/a	698,000 INR

Manager

Posted 11 May 2020
Key knowledge and tasks

"Product manager."

City	Education	Experience	Knowledge	Gross salary / year
Mumbai	Bachelors Degree	2-4 Years	n/a	2,385,100 INR

Business Process Manager

Posted 09 April 2020
Key knowledge and tasks

"Porcess management, Project Management, Business Analyt."

City	Education	Experience	Knowledge	Gross salary / year
Mumbai	Bachelors Degree	4-8 Years	n/a	2,152,400 INR

Analyst

Posted 27 January 2020
Key knowledge and tasks

"Market risk analyst."

City	Education	Experience	Knowledge	Gross salary / year
Mumbai	Bachelors Degree	2-4 Years	n/a	1,396,100 INR

Business Analyst

Posted 22 January 2020
Key knowledge and tasks

"Risk Management."

City	Education	Experience	Knowledge	Gross salary / year
Mumbai	Bachelors Degree	4-8 Years	n/a	325,800 INR

Research Associate

Posted 12 December 2019
Key knowledge and tasks

"Equity Research."

City	Education	Experience	Knowledge	Gross salary / year
Mumbai	Masters Degree	1-2 Years	n/a	1,046,300 INR

Product Manager

Posted 26 October 2019
Key knowledge and tasks

"I handle the complete lending business for a particular zone."

City	Education	Experience	Knowledge	Gross salary / year
Mumbai	Masters Degree	2-4 Years	n/a	2,150,800 INR

Corporate Finance Manager

Posted 17 June 2019
Key knowledge and tasks

"Fund raising for the company."

City	Education	Experience	Knowledge	Gross salary / year
Mumbai	Masters Degree	4-8 Years	n/a	1,337,000 INR

Manager

Posted 31 March 2019
Key knowledge and tasks

"Review of credit proposal."

City	Education	Experience	Knowledge	Gross salary / year
Mumbai	Masters Degree	1-2 Years	n/a	930,000 INR

Project Finance

Posted 13 March 2019
Key knowledge and tasks

"Relationship management with large clients."

City	Education	Experience	Knowledge	Gross salary / year
Mumbai	Masters Degree	2-4 Years	n/a	2,116,000 INR

Manager Project Finnace

Posted 25 December 2018
Key knowledge and tasks

"Financial modeling, loan syndication, term sheet preparation, advisory services."

City	Education	Experience	Knowledge	Gross salary / year
Mumbai	Masters Degree	4-8 Years	n/a	2,980,300 INR

Relationship Manager

Posted 26 July 2017
Key knowledge and tasks

"Relationship Manager in corporate banking team."

City	Education	Experience	Knowledge	Gross salary / year
Mumbai	Masters Degree	4-8 Years	n/a	2,228,900 INR

Senior Credit Analyst

Posted 14 July 2017
Key knowledge and tasks

"S&P research role for US corporate on databases like capital IQ and Bloomberg."

City	Education	Experience	Knowledge	Gross salary / year
Mumbai	Masters Degree	4-8 Years	n/a	1,424,000 INR

Senior Credit Analyst

Posted 14 July 2017
Key knowledge and tasks

"S&P research role for US corporate on databases like capital IQ and Bloomberg."

City	Education	Experience	Knowledge	Gross salary / year
Mumbai	Masters Degree	4-8 Years	n/a	1,424,000 INR

Product Manager

Posted 08 July 2017
Key knowledge and tasks

"Product and project management in bfsi sector."

City	Education	Experience	Knowledge	Gross salary / year
Mumbai	Masters Degree	4-8 Years	n/a	2,786,100 INR

Product Manager

Posted 08 July 2017
Key knowledge and tasks

"Product and project management in bfsi sector."

City	Education	Experience	Knowledge	Gross salary / year
Mumbai	Masters Degree	4-8 Years	n/a	2,786,100 INR

MBA / SALARY MUMBAI

29

1,980,207 INR

1,844,278 INR

1,414,196 INR

Average Salary / MBA / Mumbai

Levels / MBA / Mumbai (Gross INR)

Gender / MBA / Mumbai (Gross INR)

Education / MBA / Mumbai (Gross INR)

Experience / MBA / Mumbai (Gross INR)

Age / MBA / Mumbai (Gross INR)

Work Type / MBA / Mumbai (Gross INR)

People's individual salary examples (surveys)

MBA / SALARY
MUMBAI