What is the median salary for people with an MBA in marketing?

Updated on : December 7, 2021 by Derick Haley



What is the median salary for people with an MBA in marketing?

With all due respect, I would like to say that after doing MBA I have acquired my knowledge that… within all specializations such as: - finance, HR, OPERATION, SCM, LOGISTICS, MARKETING. Marketing (sales) is the only specialization that is the mainstay of the company. Apart from marketing, if we look for other specializations in finance, human resources, operations, SCM, they all spent money on costs, manufacturing, transportation, packaging, etc. But in the framework of marketing, a ready product is marketed and sold. Each and every person who has opted for marketing is not embarrassed because brand lingo

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With all due respect, I would like to say that after doing MBA I have acquired my knowledge that… within all specializations such as: - finance, HR, OPERATION, SCM, LOGISTICS, MARKETING. Marketing (sales) is the only specialization that is the mainstay of the company. Apart from marketing, if we look for other specializations in finance, human resources, operations, SCM, they all spent money on costs, manufacturing, transportation, packaging, etc. But in the framework of marketing, a ready product is marketed and sold. Each and every person who has opted for marketing is not ashamed because marketing jargon is spreading in the market that ...

  1. marketing specialization jobs are non-standard and the salary is very low ...
  2. People used to be exploited by their elders
  3. It is a totally goal-based job. Yes, marketing is a goal-based job, I agree, but most of the time a marketing manager used to get it done on time
  4. When it comes to salary, it totally depends on the efficiency of your work. The more you work hard, the more you get
  5. At some point, the university from which you have taken your mba and the company you work for is also very important ... because a large company appoints a marketing manager with a high aspiration and his salary also goes up ... as a person who has a pune symbiosis mba, nursee monji mumbai ... type premuim university his average salary is 15 to 21 lac per year
  6. On average, the salary of a marketing manager is as follows:

From 0 to 5 years - 4 to 6 lac / year

With experience of 5 years - 6 to 10 lacs

10 years and more experience - 10 to 25 lac ...

Glad to answer your question.

Actually, if you did an MBA you can probably ask or you can expect more than 30k per month for sure.

And my suggestion is that after doing UG, you first work for a company that will give you an affordable salary like 15-20. For the most part, we can only get it for one year.

And then go and Register your MBA COURSE. And then apply for a job, I hope you definitely get 45k per month salary.

Thanks.

ALL D BETTER

INR 0 per year to INR 25,00,000 per year. What a silly question! It depends on what role you opt for post MBA in marketing. There are various roles such as: account management, business development, sales, digital marketing, brand management, inside sales, etc. There is no clear answer to your question. Considering that you have done your MBA at a normal university, you would earn around INR 5-6 lpa.

Greetings,

Ayush Srivastava

The national average salary for a marketing manager is approximately Rs 9.9 lakhs per year, data available for 2019.

Marketing is one of the most popular MBA majors that offers lucrative job options with a good salary package. Every organization requires a marketing manager or someone to oversee marketing activities such as promotions, advertisements, sales, media, entertainment, and many other activities.

Additionally, with digital media gaining momentum, MBAs in marketing, especially in the digital domain, have become popular. The trend of marketing has changed and increased with technological evolution.

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The national average salary for a marketing manager is approximately Rs 9.9 lakhs per year, data available for 2019.

Marketing is one of the most popular MBA majors that offers lucrative job options with a good salary package. Every organization requires a marketing manager or someone to oversee marketing activities such as promotions, advertisements, sales, media, entertainment, and many other activities.

Additionally, with digital media gaining momentum, MBAs in marketing, especially in the digital domain, have become popular. The trend of marketing has changed and increased with technological evolution. The perfect example of this is digital marketing.

It is very difficult to answer this question, as it would depend on the type of university, industry, job profile, your profile as well as your previous years of experience.

Salary should never be a limitation for young wage earners.

Consider the right job first. That will only help you.

However, you can expect at least 25k-30k in a Tier 1/2 city like new.

It depends on the institute from which you complete your MBA. You can be paid from a minimum of 1.8 lpa to a maximum of 30 lpa, all depending on the university.

My 13+ years in the industry provide me with enough data to answer this empirically.

Contrary to popular belief, wages rarely increase sequentially, such as a certain% each year.

  1. Usually MBAs from a decent university (without any prior work experience) usually start at -10 lacs -12 lacs per Anjum.
    1. Large companies will pay you less but will provide you with a decent level of job security.
    2. Startups would pay you more, but job security would be questionable. Also these days I have heard that startups are getting smart with their pay package. There have been cases where some startups have shown a
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My 13+ years in the industry provide me with enough data to answer this empirically.

Contrary to popular belief, wages rarely increase sequentially, such as a certain% each year.

  1. Usually MBAs from a decent university (without any prior work experience) usually start at -10 lacs -12 lacs per Anjum.
    1. Large companies will pay you less but will provide you with a decent level of job security.
    2. Startups would pay you more, but job security would be questionable. Also these days I have heard that startups are getting smart with their pay package. There have been cases where some startups have shown an inflated number during recruitment, but the actual pay was a subset of that.
  2. Promotions
    1. For example, once is 1.5 to 2 years in the early stages of your career. Each promotion would give you between 10% and 15% depending on the industry and the company.
    2. Once you pass the 5-year experience mark, promotions will take longer to complete - 2.5 to 3 years. The increases are still around the same 10% -15%
    3. Once you cross the 10-year mark, promotions will come in once every 3-4 years.
  3. Year-over-year increase
    1. Large companies keep this number very small - single digit low - 5% -9%
    2. Smaller companies can offer you 12-15%
    3. Again, this may depend on the industry and sectors. IT companies are really lousy in this context because the IT industry is in a phase of transformation as a whole, where they carry the baggage of old projects that used to be their source of income. But the cow is getting old now and they cannot milk it as much as they would have liked. Therefore, they are trying to find their place in the new technology: artificial intelligence / machine learning / IOT, which is uncharted territory that needs significant investment to restructure its organization and retrain its human resources.
  4. Job changes
    1. An ordinary job change will give you a salary increase from 15% to 25%
    2. If it really is in demand, there have also been cases of 40% -50% increase.

This is a very high-level empirical analysis based on years of observation and experience and it is not the best of cases nor is it the worst of cases, you can call it the middle way in many ways.

I hope this helps!

I had the same confusion when I was looking for the graduate course as an MBA. This time I did a homework on it and below were my findings.

Monetary loss (Bit baniyagiri;))

I graduated from IIT in 2014 and worked with Adobe System with annual compensation of around 18-19 lac. Obviously, in order to pursue a full-time MBA, I need to leave my company.

I did a micro calculation, what happens if I get into the best IIMs?

  • Cost of rate + accommodation = 20 lac. (+ - 3)
  • Loss because you left the job = 18.5 (first year) + 19.5 (second year) = 38
  • Gross money spent = 38 + 20 = 58 (+ -3) ~ about 55 to 60 lac

Assuming, I perform well

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I had the same confusion when I was looking for the graduate course as an MBA. This time I did a homework on it and below were my findings.

Monetary loss (Bit baniyagiri;))

I graduated from IIT in 2014 and worked with Adobe System with annual compensation of around 18-19 lac. Obviously, in order to pursue a full-time MBA, I need to leave my company.

I did a micro calculation, what happens if I get into the best IIMs?

  • Cost of rate + accommodation = 20 lac. (+ - 3)
  • Loss because you left the job = 18.5 (first year) + 19.5 (second year) = 38
  • Gross money spent = 38 + 20 = 58 (+ -3) ~ about 55 to 60 lac

Assuming I perform well in IIM and am placed in the best company with 25 ~ 30 lac compensation. Even recovering a 50 to 60 lac investment with a 9% compound interest rate would take about 8 to 15 years, depending on the annual salary increase in both cases.

Learning:

Undoubtedly, IIMs nurture their candidates in a way that they have extensive exposure to finance, marketing, sales, operation, and other branches. They are expected to lead the business and make key decisions. My friends that I got to know in the IIM curriculum are very hectic and completing the course itself is a great challenge. The logic behind this is that once you enter the corporate world, you will be able to handle difficult and complex situations. Usually people after an MBA can analyze and interpret the numbers in a much better way, they can calculate the risks and probably make a better decision based on the data.

In business, becoming a leader requires a distant vision and a vision of the future. They prepare the roadmap for the organization in the next 5 to 10 years. Such insight is usually acquired through experience and the accumulation of various skills. Just because someone has taken an MBA does not guarantee that they will have a vision that the company can rely on for years. This is the reason why in top management, people who do not have an MBA are in greater numbers than people who have an MBA (this fact is only based on multinational IT companies such as Amazon, MS, Adobe, Samsung, Google. I have no idea about non-IT companies). These are the people who acquired experienced management skills. I'm not undermining MBAs, I respect them, but it's the harsh truth.

If you are an IT guy.

This section is worth reading if you are a computer expert. I feel like technology is hotcakes these days. Everyone talks about cloud, AI, machine learning, Internet of things, virtual reality, application ecosystem, many customs. There are tons of opportunities and scope in this area.

In Silicon Valley, engineers are more in demand than a product manager. Most of the startups that are emerging are more or less related to harassment technology. Let's take an example in a span of two years, eWallet has disrupted the entire banking system. These startups need a good technical person, not a management guy. I worry once, you have done an MBA, then going back to technology would not be so easy.

So what's next?

I think you should do an MBA, but only after a few years of experience. Once you realize that you really need an MBA for professional growth.

Regarding the course one should choose, I would prefer a 1-year MBA course over a 2-year MBA program from the best world university. Global Universities provide much better exposure than Top B Schools in India.

Being an MBA myself with over 10 years of corporate experience, there is no direct answer to this question.

  1. Initially, MBA is a label that allows you entry into the corporate world and gives you a positive vote of eligibility for decent jobs (I have seen large companies offering a meager 10k to 15k to new MBA candidates, the only exception being given to top B schools selected like IIM etc, others are all the same for them and candidates accept jobs to get company brand or have limited options)
  2. After a few years, you will find yourself on the same platform with non-MB colleagues.
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Being an MBA myself with over 10 years of corporate experience, there is no direct answer to this question.

  1. Initially, MBA is a label that allows you entry into the corporate world and gives you a positive vote of eligibility for decent jobs (I have seen large companies offering a meager 10k to 15k to new MBA candidates, the only exception being given to top B schools selected like IIM etc, others are all the same for them and candidates accept jobs to get company brand or have limited options)
  2. After a few years, you will find yourself on the same platform with colleagues who are not MBAs but who have the same work experience as you.
  3. You may also find that the specialization you chose in MBA does not interest you as far as the work of that department is concerned. For example, MBA finance could have taken that field to become a financial planning manager in a company, but had a chance in areas like mutual funds, stocks, accounting, etc. interests you, your ex job in that field will bring you similar jobs and you would feel like you could have taken marketing.
    The same situation could also be the other way around
  4. The DUal specialization helps sometime in the above scenario, but only when you can find out your situation in the first 2 or 3 years of your job.
  5. Things light up only when you choose a particular field, you know what the career options are in that field, you get a job in that specialization and that domain, you continue to work and grow in that profile.

My suggestions for you

  • Make a diary
  • option 1 - finance
  • List the top 10 financial companies such as banks, government companies, financial lenders, investments, etc. and the top 10 nonfinancial consumer goods companies, etc.
  • Find finance positions in each company and know all the work that is done at each level.
  • find out what interests you or if that interests you
  • Do the same with option 2- Marketing
  • Explore areas such as branding, promotion, digital marketing, product management, creative development, media, and public relations
  • Discover the scope of monetary and hierarchical growth
  • Take it as a project
  • Restrict your areas of interest and possibilities of work in the field and its demand for the next 10 years. You must list at least 3 areas of interest based on priority.

It seems like a big task, but your career and your life are worth this effort at least.

Good luck

Not as much as you expected.

  • First things first, we use a term called CTC or Cost to the company when it comes to discussing this topic. It can have innumerable components depending on the strategic and cultural inclination (read creativity) of the organization.
  • In the past, it was easier to determine how much you will take home at the end of the year, but these days it is a real task.
  • Generally, companies have a compensation structured in such a way that the fixed annual component is not less than 60% of the CTC. The remainder is divided by performance-based pay, retention bonus, j
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Not as much as you expected.

  • First things first, we use a term called CTC or Cost to the company when it comes to discussing this topic. It can have innumerable components depending on the strategic and cultural inclination (read creativity) of the organization.
  • In the past, it was easier to determine how much you will take home at the end of the year, but these days it is a real task.
  • Generally, companies have a compensation structured in such a way that the fixed annual component is not less than 60% of the CTC. The remainder is divided between performance-based pay, retention bonus, union bonus, and the more complicated component of employee stock options.
  • As a general rule of thumb, if you are unlucky, you can expect to receive at least 70% of the fixed component as disposable salary.
  • Of that 70%, if you are like 90% of us, you will allocate at least 40% of that percentage to repaying your loans in the first few years. The rest is for you to savor.

Now if you take a simple average of all IIMs, you can expect an IIM graduate to have a fixed component of around 14 LPAs. Note that this is not the average CTC, it will definitely be higher.

CTCs can range from 7 LPA to 35+ LPA. This is again in a stable year and not when the economy collapses or shoots up.

I'll also try to give you an idea of ​​how long an IIM graduate can expect based on their position in the lot. Note that this is based on my interaction with some of my friends in the old and new IIMs, as well as my experience in an IIM. Also, this ranking is not based on academics alone, but is a combination of factors such as academics, work, internships, and luck.

  1. Top 20% -> Almost in all IIMs, the top 20% can expect a CTC of at least 18+ LPA. Now, there is a big one-time or variable component to this. Most companies try to attract a candidate with a considerable income bonus which is a one-time cost for them, and the variable component is a way to reduce the company's exposure. Generally, an IIM graduate can expect to earn 70-80% of the variable component very easily. In some companies there are no limits on how much you can earn in addition to your fixed salary.
  2. Bottom 20% -> Now this is where things get ugly. Not everyone is placed here. If you're in this cohort, you can expect to get 7-10+ LPAs on average across all IIMs if they place you. Now, it's not like you don't have opportunities, I've seen people sitting down for more than 40 placement processes and yet they don't get an offer. It puts immense mental stress on the candidate. Although I am not sure about other IIMs, the IIM Rohtak placement cell supports these students long after the summons.
  3. Anyone in between -> This is the average student cohort (by IIM standards) and here you can expect to have between 14 and 16+ LPAs as your annual CTC. With every new IIM placement there is an ongoing process, so you must be absolutely sure if you want to apply for a company based on your interests and aspirations. This is where your luck comes into play. If you are lucky, the company you will be located in will be the best in the area you are interested in, if not there can be a better company with a better CTC by the end of the year. If you wait too long, your fortune can swing in either direction.

IIM ABC and to some extent L have organized their placement processes around a week, in part because they are sitting on a lot of brand equity, to the point where companies are willing to pay a fee to the institute to get spaces in the first day. Now other IIMs don't really have that level of brand equity, especially the newer ones. Also, as some IIMs operate from exotic locations, it becomes even more difficult for them. However, even though the average IIM graduate does not make an exorbitant amount of money still with enough hard work and luck, you can expect to be in the 95th percentile of income when you leave college.

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