Placement 2017 season for the batch 2015-17 in top B-schools has remained spectacular with sharp increase in average and highest salary, whereas the middle order B-schools are trying to retain their position in placement process. Leading MBA colleges namely SPJIMR Mumbai, FMS Delhi, JBIMS Mumbai, MDI Gurgaon, XLRI Jamshedpur have recorded highest average salary in MBA Placement 2017 among the top 20 B-schools.
Top MBA colleges with high average salary in placements as reflected in top MBA colleges Placement reports, over the years have grown tremendously in India. In fact higher ranking goes in favour of those top MBA colleges and top IIMs with high average salary instead of highest salary. There are many MBA colleges and IIMs with a huge gap between highest and average placement packages in their placement reports.
The MBA placement trends in 2017 have reflected higher than last year average salary and more MBA jobs as well as more international packages.
The demand for MBAs in India has gone up further for consecutive 2nd year. There is no more a dismal picture of global economic slowdown that has been haunting the minds of young MBAs till last year.
Various manufacturing, financial and service sectors in India have begun progressing more than the other ones and accordingly with the spread and improved demand for fresh MBAs, the recruiters in these sectors have become more competitive to offer more jobs to MBAs.
MBA placement 2017 in many B-schools got over in 3 to 7 days with high salary offers and the increased number of recruiters from all sectors. All the sectors have recorded growth in MBA placement 2017 including Banking, Finance, Services & consultancy, Insurance (BFSI); IT/ITES; Operations; manufacturing, consulting among others.
IIM Ahmedabad, Calcutta: High average Placement
It has been reported that IIM Ahmedabad, IIM Calcutta apart from IIM Bangalore and IIM Lucknow have recorded high average placement package in 2017. But despite high average placement IIM Calcutta has recorded Rs. 2 lakh fall in average pay package over last year.
However, since the top IIMs do not publish their fully authentic salary data before IPRS audit, the placement statistics on average and highest salary for Placement 2017 is not available at present. The necessary salary details for domestic and international placement will be shared by these IIMs in the month of September 2017 when their Audit is done.
IIM Ahmedabad: Placement trends
Domestic Placements
At the domestic placement front, IIM Ahmedabad despite remaining low at maximum pay package, the top B-school gained by Rs.1.67 lakhs per annum in average placements-
| Salary component | Placement 2016 (Rs.in lakhs) | Placement 2015 (Rs. in lakhs) | Percentage Up/Down in 2016 over last year |
| Maximum Salary | 48.00 | 53.00 | 9.43% down |
| Average salary | 22.14 | 20.47 | 8.15% Up |
International Placement
In International Placements maximum pay package has gone up but average & minimum pay package has gone down.
| Salary component |
Placement 2016 (Rs.in crore/lakhs & USD) |
Placement 2015 (Rs. in lakhs & USD) | Percentage Up/ down in 2016 over last year |
| Maximum Salary | Rs.1.02 Crore ($153,568) | Rs.73.89 lakhs ($110,284) | 38.04% Up |
| Average salary | Rs. 49.00 lakhs ($73580) | Rs.53.42 lakhs ($79738) | 8.27% Down |
IIM Calcutta: Placement 2017 Vs 2016
IIM Calcutta has successfully concluded its final placement process for the PGDM batch of 2017 in 3 days. While IIM Calcutta has shared the details of highest domestic and international package, the details about average compensation would be shared in September
| Salary component |
Placement 2017 (Rs.in lakhs) |
Placement 2016 (Rs.in lakhs) | Percentage Up/Down in 2017 over last year |
| Median salary | Rs.20 lakhs | Rs.22 lakhs | 9% Down |
Top B-schools with highest average salary in Placement 2017
Among the IIMs and other top B-schools who have provided their salary data for placement 2017, SPJIMR Mumbai is the front runner with the average salary of Rs. 20.90 lakhs, closely followed by FMS Delhi with Rs.20.60 lakhs; XLRI Jamshedpur with Rs.19.26 lakhs; MDI Gurgaon with Rs.18.89 lakhs and JBIMS Mumbai with Rs.18.76 lakhs.
IIM Indore, IIM Kozhikode, IIM Trichy, IIM Rohtak, IMI New Delhi, IMT Ghaziabad, SIBM Pune, although have achieved substantial increase in their average salary in placement 2017 but they have remained much behind these top B-schools.
SPJIMR, Mumbai: Average salary Rs.20.90 lakhs
| Component | Placement 2017 | Placement 2016 | Percentage Up/down |
| Highest Salary (Rs.in lakhs) | Rs.39 lakhs | Rs.37 lakhs | 5.40% Up |
| Average salary | Rs.20.90 lakhs | Rs.19.3 lakhs | 8.29% Up |
Faculty of Management Studies (FMS), Delhi: Average salary Rs.20.60 lakhs
| Component | Placement 2017 | Placement 2016 | Percentage Up/down |
| Highest Salary (Rs.in lakhs) | Rs.54 lakhs | Rs.66 lakhs | 18.18% Down |
| Average salary | Rs.20.60 lakhs | Rs.20.50 lakhs | 0.49% Up |
XLRI Jamshedpur: Average Salary Rs.19.21 lakhs
| Component | Placement 2017 | Placement 2016 | Percentage Up/down |
| Highest Salary (Rs.in lakhs) | Rs.43 lakhs | Rs.29.00 lakhs | 41.37% Up |
| Average salary | Rs.19.21 lakhs | Rs.18..50 lakhs | 3.84% Up |
MDI Gurgaon: Average Salary Rs.18.89 lakhs
| Component | Placement 2017 | Placement 2016 | Percentage Up/down |
| Highest Salary (Rs.in lakhs) | Rs.28.74 lakhs | Rs.32.10 lakhs | 10.46% Down |
| Average salary | Rs.18.89 lakhs | Rs.18.95 lakhs | 0.31% Down |
JBIMS, Mumbai: Average Salary Rs. 18.76 lakhs
| Component | Placement 2017 | Placement 2016 | Percentage Up/down |
| Highest Salary (Rs.in lakhs) | Rs.34.30 lakhs | Rs.26 lakhs | 31.92% Up |
| Average salary | Rs.18.76 lakhs | Rs.18.13 lakhs | 3.47% Up |
IIFT Delhi & Kolkata: Average salary Rs.18.42 lakhs
| Component | Placement 2017 | Placement 2016 | Percentage Up/down |
| Highest Salary (Rs.in lakhs) | Rs.26 lakhs | Rs.29 lakhs | 10.3% Down |
| Average salary | Rs.18.42 lakhs | Rs.18.01 lakhs | 2.27% Up |
NMIMS Mumbai : Average salary Rs.17.58 lakhs
| Component | Placement 2017 | Placement 2016 | Percentage Up/down |
| Highest Salary (Rs.in lakhs) | Rs.34.11 lakhs | Rs.30.00 lakhs | 13.7% Up |
| Average salary | Rs.117.58 lakhs | Rs. 17.09 lakhs | 2.87% Up |
IIM Kozhikode: Average Salary Rs.17.14 lakhs
| Component | Placement 2017 | Placement 2016 | Percentage Up/down |
| Highest Salary (Rs.in lakhs) | Rs.37 lakhs | Rs.37 lakhs | No change |
| Average salary | Rs.17.14 lakhs | Rs.17.10 lakhs | 0.23% Up |
IIM Indore: Average salary Rs.16.23 lakhs
| Component | Placement 2017 | Placement 2016 | Percentage Up/down |
| Highest Salary (Rs.in lakhs) | Rs.39 lakhs | Rs.32 lakhs | 22% Up |
| Average salary | Rs.16.23 lakhs | Rs.15.67 lakhs | 3.57% Up |
Symbiosis Institute of Business Management (SIBM) Pune: Average salary Rs. 15.02 lakhs
| Component | Placement 2017 | Placement 2016 | Percentage Up/down |
| Highest Salary (Rs.in lakhs) | Rs.24 lakhs | Rs.27.88 lakhs | 13.92% down |
| Average salary | Rs.15.02 lakhs | Rs.14.23 lakhs | 5.55% Up |
IIM Shillong: Average Salary Rs.14.18 lakhs
| Component | Placement 2017 | Placement 2016 | Percentage Up/down |
| Highest Salary (Rs.in lakhs) | Rs.24 lakhs | Rs.23.35 lakhs | 2.78% Up |
| Average salary | Rs.14.18 lakhs | Rs.14 lakhs | 1.28% Up |
IIM Tiruchirappalli: Average salary Rs. 13.30 lakhs
| Component | Placement 2017 | Placement 2016 | Percentage Up/down |
| Highest Salary (Rs.in lakhs) | Rs.33 lakhs | Rs. 23.81 lakhs | 38.60% Up |
| Average salary | Rs.13.30 lakhs | Rs.13.01 lakhs | 2.23% Up |
XIM Bhubaneswar: Average Salary Rs.13.18 lakhs
| Component | Placement 2017 | Placement 2016 | Percentage Up/down |
| Highest Salary (Rs.in lakhs) | Rs. 21 lakhs | Rs.20 lakhs | 5% Up |
| Average salary | Rs.13.18 lakhs | Rs.12.44 lakhs | 5.95% Up |
IIM Raipur: Average Salary Rs.13.10 lakhs
| Component | Placement 2017 | Placement 2016 | Percentage Up/down |
| Highest Salary (Rs.in lakhs) | Rs.27.20 lakhs | Rs.21.50 lakhs | 26.51% Up |
| Average salary | Rs. 13.10 lakhs | Rs. 12.51 lakhs | 4.72% Up |
International Management Institute (IMI) New Delhi: Average Salary Rs.12.54 lakhs
| Component | Placement 2017 | Placement 2016 | Percentage Up/down |
| Highest Salary (Rs.in lakhs) | Rs.15.60 lakhs | Rs.29 lakhs | 46.20% down |
| Average salary | Rs.12.54 lakhs | Rs.12.40 lakhs | 1.13% Up |
IIM Rohtak: Average salary Rs.12.3 lakhs
| Component | Placement 2017 | Placement 2016 | Percentage Up/down |
| Highest Salary (Rs.in lakhs) | Rs.25.9 lakhs | Rs.18.30 lakhs | 42.53% Up |
| Average salary | Rs.12.3 lakhs | Rs.11.78 lakhs | 2.12% Up |
IMT Ghaziabad: Average salary Rs.11.26 lakhs
| Component | Placement 2017 | Placement 2016 | Percentage Up/down |
| Highest Salary (Rs.in lakhs) | Rs.25 lakhs | Rs.21.00 lakhs | 19% Up |
| Average salary | Rs.11.26 lakhs | Rs.10.80 lakhs | 4.26% Up |
IIM Visakhapatnam: Average Salary Rs.11.59 lakhs
| Component | Placement 2017 (1st batch 2015-17) |
| Highest Salary (Rs.in lakhs) | Rs.14.57 lakhs (Top 11 average salary) |
| Average salary | Rs.11.59 lakhs |
TAPMI Manipal: Average salary Rs.10.05 lakhs
| Component | Placement 2017 | Placement 2016 | Percentage increase |
| Average salary | Rs.10.05 lakhs | Rs.9.23 lakhs | 8.9% Up |
K J Somaiya Mumbai: Average salary Rs.9.40 lakhs
| Component | Placement 2017 | Placement 2016 | Percentage Up/down |
| Highest Salary (Rs.in lakhs) | Rs.24 lakhs | Rs.21.4 lakhs | 12.15% Up |
| Average salary | Rs.9.40 lakhs | Rs.9.40 lakhs | No Change |
IFMR Chennai: Average salary Rs.9 lakhs
| Component | Placement 2017 | Placement 2016 | Percentage Up/down |
| Highest Salary (Rs.in lakhs) | Rs.14 lakhs | Rs.14 lakhs | No Change |
| Average salary | Rs.9 lakhs | Rs.8.50 lakhs | 5.9% Up |
Low highest salary but high average salary: A good placement sign
The notable trends in the MBA Placement 2017 are that Many of the top B-schools have recorded reduced highest salary or it has remained near about same as that of last year, but their average pay package have not reduced. On the contrary there is an upward trend in average salary.
Few such examples are FMS Delhi; IIFT Delhi; IIM Kozhikode; IMI New Delhi; SIBM Pune; IFMR Chennai whose highest salary has gone down substantially but their average salary has gone up. It could prove to be a good sign as the gap between average salary and highest salary is narrowing down as the MBA market is picking up for the good B-schools and placement season witnesses higher packages. There are B-schools also whose highest placement has gone down but the impact on average salary package is marginal for example MDI Gurgaon.
Apart from this fact, if you further analyse the placement 2017 trends, you will find many B-schools with good increase in highest salary but not so good or negligible increase in average salary. This phenomenon indicates that the gap between highest and average salary is widening during placement.
There are still a few IIMs and other prominent B-schools who are yet to complete their placement 2017 although they used to complete it in the month of February & March every year.
Stay tuned to MBAUniverse.com for more updates on MBA Placement 2017
