IIM Amritsar Placement 2024: Completes 100% Placement with Highest Salary at Rs.58.52 LPA and Median Salary at Rs.15 LPA; Accenture, Adani, Reliance, Tata, Amazon hire big

IIM Amritsar has yet again, successfully completed the final Placement 2024 for its 8th and large MBA 2022-24 batch of MBA, MBA – Business Analytics, and MBA – HRM programs. Despite the large batch size, the institute has achieved 100% placement with more recruiters participating in placements 2024. Students secured placements across diverse roles in Finance, Marketing, Consulting, General Management, Analytics, and HR. This includes 39 pre-placement offers (PPOs), 2 Pre-placement Interviews (PPIs), and 4 international offers.

Announcing the wrapping up the final placement 2024 for its 8th batch 2022-24 for one of the 7 newest IIMs, Prof Nagarajan Ramamoorthy, Director, IIM Amritsar said, “This year has been particularly difficult for IIMs/IITs to place students due to various factors like elections, market unpredictability, global conflicts, and a general economic slowdown,” and added “While India has shown resilience, the interconnectedness of the global economy plays a role. We are proud to have sustained our placement momentum.”

IIM Amritsar has started awarding MBA degree instead of Post Graduate Diploma to its students after the implementation of IIM Act 2017. IIM Amritsar has achieved highest salary of Rs.58.52 LPA and median salary of Rs.15 LPA in placement 2024. The Average for the top-quartile came out to INR 19.59 LPA.  IIM Amritsar witnessed participation of 240 leading corporates across domains and sectors like Analytics, Automobile, BFSI, FMCG/FMCD, Consulting, IT, Logistics, Oil & Gas, Retail and many more. 
 

IIM Amritsar Placement 2024: Key Highlights

• 100% Placement for the Large 8^th Batch 2022-24
• Highest Salary goes up at Rs.58.52 LPA in 2024 from Rs.36.25 LPA last year
• Median Salary goes down at Rs.15 LPA in Placement 2024 from Rs.16 LPA Last year
• Average salary for top Quartile goes down at Rs.19.59 LPA from Rs.20.57 last year
• Overall Average salary for the batch is not announced
• 3 students opted to join their family businesses
• 6 students embarked on their entrepreneurial journeys.
• 39 Students got PPOs
• 2 Students got through PPIs
• 4 Students got International Offers
• 240 Marquee Companies with several New companies participated in placement 2024
• Top Recruiters include Accenture, Amazon, Adani, Reliance, Tata Group, Amazon, GMR among others.
• Roles Offered include roles in Product Management, Consulting, Brand Management, Data Analytics, Digital Marketing, Operations, Equity Research, Risk & Financial Advisory, and Human Resource Management, among others.

IIM Amritsar Placement Trends: First Batch Onwards
This is the 8^th passing out MBA batch of IIM Amritsar. The highlight of this year's placement was a good increase in the Highest Salary while average package has gone down as the economy passing through a grim situation. A comparative analysis of IIM Amritsar placements since inception is detailed below:

Top Recruiters
240 companies participated in IIM Amritsar Placement process 2024. Top recruiters making large number of offers and high salary packages include Landmark Group, TASC, Accenture, Adani Group, Tata group companies, Reliance Group, Amazon, Arcesium, EXL, GMR Group, ICICI Bank, Kotak Mahindra Bank, MPhasis, and Schneider Electric, among others. The institute also welcomed prestigious new recruiters like Egniol Group, DS Group, BharatForge, DOLAT Capital, DawaaDost, EValueserve, Prime Focus Technologies, and Unacademy.

Placement Co-Chairperson, Dr Sakshi Aggarwal, highlighted the increase in job offers and the variety of roles available, reflecting the program's quality and student potential. Dr Sujit R. Jagadale (Placement Co-Chairperson) emphasized the institute's strategic location in Amritsar, fostering both enthusiasm and resilience in its students. He underscored the students' contributions to India's growth story; a commitment IIM Amritsar remains dedicated to.

IIM Amritsar Placement 2023: Key Highlights

• 100% Placement for the Large 7^th Batch 2021-23
• Average Salary up by 13% at Rs.16.51 LPA from Rs.14.63 LPA last year
• Average salary for Top 25% students has gone up at Rs.20.57 LPA from Rs.18.54 LPA last year
• Median Salary in Placement 2023 was Rs. 16 LPA
• Highest Salary in Placement 2023 was Rs.36.25 LPA
• 120 Marquee Companies with several New companies participated in placement 2023
• Top Recruiters include Accenture, Amazon, Cipla, Deloitte, Adani, BMW, Cognizant, EY, CRISIL, Godrej, KPMG, McKinsey, Reliance Retail, ZS Associates among others
• Roles Offered include roles in Product Management, Consulting, Brand Management, Data Analytics, Digital Marketing, Operations, Equity Research, Risk & Financial Advisory, and Human Resource Management, among others.

Indian Institute of Management (IIM) Amritsar is an institution of National Importance established by the Ministry of Human Resource Development, Government of India in 2015. It is the 15th IIM set up by the Ministry of Human Resources Development with the support of the Government of Punjab.

IIM Amritsar offers a two-year general Master of Business Administration (MBA) program and a specialized MBA in HR and Business Analytics. The institute also offers a two-year Executive MBA (EMBA) and various customized short and long-duration Management Development Programs. These programs have been designed to provide world-class management education to meet the requirements of organizations across sectors for management professionals. The institute is committed to imparting solid educational foundations and values in the thoughts and actions of future managers.

IIM Amritsar started operation with 45 students in its 1^st batch. The second batch at IIM Amritsar with 104 students was the largest among all the newest IIMs. Since then the batch size of IIM Amritsar has been rising consistently. Again the 8^th batch at IIM Amritsar is largest amongst seven newest IIMs which started operation in 2015 and 2016. The successful completion of Placement 2023 and 2024 for the 7th & 8^th large batches at IIM Amritsar reflects its industry and corporate acceptability.

Stay tuned to MBAUniverse.com for more updates on IIM Amritsar