IIM Placements 2024
IIMs are one of the most prestigious B-schools in the nation offering the most lucrative salary packages. The IIM Placements 2023 for all the 20 IIMs of the country is provided down below.
Every year, IIM conducts placements for the MBA/PGP batch between the month of December and February, and then publish their final placements report for the departing batch between January and July. While the average CTC of the new IIMs lie between INR 10 and 20 LPA, the average CTC for the top IIMs is from INR 20 to 25 LPA. At the top IIMs, A, B, and C, the highest salary offers ranged from INR 70 lakh to INR 1 crore as CTC. Typical international compensation packages start at INR 60 lakh.
Due to the COVID-19 pandemic, the final placements processes at all campuses were kept online just like they were previous year. Final placements were conducted with a lot of enthusiasm and received positive feedback from recruiters despite the virus and the weak economy.
The COVID-19 scenario did not have a significant impact on the IIM placements 2023. As in previous years, top employers visited the IIM campuses to hire management graduates for a variety of job roles, including E&Y, Deloitte, Walmart, Accenture, JP Morgan Chase, Barclays, Morgan Stanley, Tolaram, Squareyards & Protiviti, EXL, KPMG, HSBC, Goldman Sachs, Amazon, Zomato, ICICI Bank, Bajaj, Axis, Tata, and WIPRO. The IIMs have released their detailed 2023 placements reports. See the information on IIM placements below.
The PGP/MBA graduates are offered a variety of managerial positions in many industries and fields. The majority of offers are made for managerial and consultant designations. You can discover all the details on IIM placements 2023 for all 20 campuses, including IIM BLACKI in this post.
Also Read : IIM Selection Process 2023
IIM Placement Process 2024
The IIM Placement Process has three types of placements:
1. Summer Placements
The summer placements are planned so that companies can hire students for internships in April and May. Additionally, this creates a platform for receiving pre-placement offers (PPOs). The summer placements take place over the course of four to five days in March. A complex set of guidelines for both recruiters and students govern this procedure.
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2. Lateral Placements
IIMs hold lateral placements, which are open to two-year MBA/PGP students with work experience of certain months depending on the colleges (e.g., 10 months at IIM Calcutta). It takes place a few months before the final placements.
3. Final Placements
With a few minor exceptions here and there, the final IIM placements, which occured in February or March, is essentially the same. IIM Ahmedabad, for instance, uses a cohort-based method rather than a day-based system. Recruiters can evaluate individuals in groups based on niche or skill using the cohort-based system over a longer period of time.
IIM Placements 2023 : Average CTC & Highest CTC
The average and highest CTCs at IIMs have shown a rising trend in the IIM placements 2023 despite the pandemic and the recent market trends. Given below is a list of average and highest CTCs offered of all the 20 IIMs as per the IIM placements 2023.
IIM Placements 2023 : Highest International CTC Offered
Given below is a list of the highest International CTC offered at some of the IIMs.
Also Read : IIM Fees Vs. Placement
IIM Ahmedabad Placement
IIM Ahmedabad is yet to release their placement report for the year 2023. The placement statistics for IIM Ahmedabad for the year 2022 is given below
- The IIM Ahmedabad average package stood at 32.8 LPA.
- The IIM Ahmedabad highest package stood at 61.49 LPA.
- The IIM Ahmedabad highest international package stood at 1.15 CPA.
IIM Bangalore Placement
IIM Bangalore witnessed 100% placement for the batch of 2021-23. The Top recruiters for IIM B Placements were : BCG, Bain & Co., Accenture Strategy, TCS, McKinsey & Co., American Express, EY, Cogoport, Microsoft, PwC among others. The highest recruiting domains were Management Consulting (40%) followed by IT/Product Management (14%), General Management (13%), Sales & Marketing (11%) and others.
- The IIM Bangalore average package stood at 35.31 LPA.
- The IIM Bangalore median package stood at 33 LPA.
- The IIM Bangalore highest package stood at 80 LPA.
IIM Calcutta Placement
The IIM Calcutta (king of placements) IIM placement 2023 for their 58th batch achieved 100% placement with a total of 573 offers made by 190 companies. The top recruiting domain was Consulting (40.5%) followed by Product & Analytics (18.2%), Finance (15%), General Management (14.2%) and others.
- The IIM Calcutta average package stood at 35.07 LPA.
- The IIM Calcutta median package stood at 33.67 LPA.
- The IIM Calcutta highest package stood at 1.15 CPA.
- The IIM Calcutta highest international package stood at 94.82 LPA.
IIM Kozhikode Placement 2023
The IIM Kozhikode Placement 2023 was successfully concluded for the PGP, PGP Liberal Studies & Management and PGP Finance. The highest recruiting domain was Consulting (33%) followedby Finance (26%), General Management (14%), IT Analytics (11%), Sales & Marketing (10%) and Operations (6%).
- The IIM Kozhikode average package stood at 31.02 LPA.
- The IIM Kozhikode median package stood at 27 LPA.
- The IIM Kozhikode highest package stood at 67.02 LPA.
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People also ask
Which IIM Has the Highest Placement?
IIM Ahmedabad consistently leads in terms of the highest placement statistics among the Indian Institutes of Management (IIMs). Known for its strong industry connections and alumni network, IIM Ahmedabad often reports the highest percentage of students placed at the end of the placement process.
Which IIM Has 100% Placement?
Many IIMs report near 100% placement, but IIM Kozhikode and IIM Lucknow are known for achieving 100% placement for their MBA programs in recent years. This means that every student who participated in the placement process was offered a job.
Which IIM Has the Best Package?
IIM Ahmedabad frequently tops the charts for the highest average and highest salary packages offered to its graduates. The institute’s prestigious reputation, extensive alumni network, and strong industry ties contribute to its high salary packages.
What Is the Salary of an IIM Fresher?
The salary of a fresher from an IIM can vary based on the institute, industry, and job role. However, on average:
- IIM Ahmedabad: Offers an average salary around ₹30-35 lakhs per annum.
- IIM Bangalore: Reports average salaries in a similar range, approximately ₹30-32 lakhs per annum.
- IIM Calcutta: Typically offers average salaries between ₹28-30 lakhs per annum.
These figures are averages and can fluctuate based on the economic climate and specific job offers.
Which IIM Has the Highest Package in 2024?
In 2024, the Indian Institute of Management (IIM) that secured the highest package was IIM Calcutta. This institution has consistently been a top choice for employers, thanks to its rigorous academic curriculum, strong alumni network, and deep industry connections. In 2024, the highest package offered at IIM Calcutta was an impressive INR 1.3 crore per annum. This record-breaking offer came from a leading firm in the finance sector, highlighting the institute’s strength in producing top talent for high-stakes roles in industries like investment banking, private equity, and consulting.
The strong performance of IIM Calcutta reflects its students’ ability to excel in high-demand fields, making it a sought-after destination for both national and international recruiters. With its cutting-edge pedagogy and focus on holistic development, IIM Calcutta continues to set benchmarks in terms of placement records.
Which IIM Has 100% Placement?
When it comes to achieving 100% placement, IIM Ahmedabad and IIM Bangalore stand out in 2024. These institutions are renowned not just for their academic excellence but also for their exceptional placement records. Despite a challenging economic environment, both IIM Ahmedabad and IIM Bangalore successfully placed all their students, maintaining their reputation as premier management institutions.
These institutes have consistently attracted top companies across various sectors, including consulting, finance, technology, and FMCG. Their ability to secure 100% placement is a testament to their robust placement processes, strong corporate relations, and the quality of education provided.
What is the Median Package of IIM Bangalore in 2024?
In 2024, the median package at IIM Bangalore was reported to be INR 32.5 lakhs per annum. This figure is indicative of the strong performance of IIM Bangalore students, particularly in sectors like consulting, finance, and technology. The median package reflects the midpoint of all salary offers made to students, ensuring that half of the students received more than this amount.
The slight decrease in the median package compared to the previous year can be attributed to the broader economic challenges, but it remains one of the highest among business schools in India. This figure underscores IIM Bangalore’s position as a top-tier business school that continues to attract leading companies from around the world.
What is the Average Package of IIM Mumbai in 2024?
IIM Mumbai, often associated with IIM Indore’s Mumbai campus, reported an average package of around INR 27.5 lakhs per annum in 2024. While this figure shows a slight decrease from previous years, it still reflects the strong demand for IIM Mumbai graduates. The economic slowdown affected many sectors, but the institute managed to secure respectable offers for its students.
IIM Mumbai’s unique location in the financial hub of India provides it with access to a diverse range of recruiters, especially in sectors like finance, consulting, and media. The average package reflects the overall strong performance of its students, making it a competitive choice for aspiring managers.
