IIM Bangalore Placement 2024: 100% Placements Complete with Marginal Dip in Median Salary; Consulting Sector remains Top Recruiter

Indian Institute of Management, Bangalore (IIMB) has concluded Final Placements 2024 for PGP-BA and PGP programs. According to IIM Bangalore, Median Annual Salary for Placements 2024 was Rs 32.5 lakh. This is marginally lower than last year’s median salary. In the placement week, which ended on February 7, IIM Bangalore saw 503 students accepting job offers. Another 13 students were placed in a subsequent rolling placement process. Consulting firms have made the most offers, while Finance, Banking and Investment sector was the second largest recruiter during IIMB Placements 2024. 

IIM Placements 2024: Check Placement Report, Average and Highest Salary Package

IIM Bangalore Median Salary Dips
According to IIM Bangalore, Median Annual Salary for Placements 2024 was Rs 32.5 lakhs per annum. This is 1.5% lower than last year’s median salary which stood at Rs 33.0 lakhs per annum. IIMB has acknowledged that 2024 has been a challenging year in terms of placements. Check year wise placement trends in the table below:

Placement Year	Average Salary	Median Salary Per Annum
Placement 2024	Not Available	Rs. 32,50,000
Placement 2023	Rs. 35,31,000	Rs. 33,00,000
Placement 2022	Rs. 33,82,000	Rs. 31,20,000
Placement 2021	Rs. 28,98,000	Rs. 28,60,000
Placement 2020	Rs. 26,18,000	Rs. 25,00,000

Accenture hires 58 IIMB students
Acknowledging Accenture as top recruiter during placements 2024, Prof Ganesh N Prabhu, Chairperson, Career Development Services, IIM Bangalore said: “In a difficult placement year, we are immensely grateful to Accenture as they reposed confidence in IIMB students by making a record of 58 offers across its three units – Global Networks, India Markets Unit and Data & AI.”

High International Placements
As per IIMB, a record 29 students have been placed abroad with Infosys Consulting (7), Strategy& Middle East (6), Jindal Shadeed (5), TransformationX (3), EY Parthenon Singapore (2), JP Morgan Chase London (2), Health City Cayman Islands (2), Fast Retailing, Japan (1) and Landmark Group, Middle East (1).

Sectoral Placements – Consulting Firms Top Recruiters at IIMB
Consulting firms have made the most offers (218), while offers in finance, banking and investments were 81. IT firms and e-commerce firms made 49 offers each. Manufacturing and infrastructure firms made 36 offers, conglomerates made 30 offers, and consumer goods and retail firms made 28 offers. Also, analytics and AI firms made 13 offers and healthcare-related firms made 12 offers.

Let’s review sector wise placements with company details.

Consulting Sector - 30 firms make 218 offers
Accenture Global Networks (48), McKinsey & Company (21), Boston Consulting Group (14), Oliver Wyman (11), EY Parthenon India (10), PwC Consulting (10), Kearney (9), TCS Management Consulting (9), Bain & Company (8), Infosys Consulting (7), Accenture India Markets Unit (6), Strategy& Middle East (6), Vector Consulting (6), Alvarez & Marsal (5), Deloitte (5), EY India (5), Accenture Data & AI (4), Arthur D. Little (4), Monitor Deloitte (4), NRI Consulting (4), Samagra (4), Strategy& India (4), KPMG (3), TransformationX (3), EY Parthenon Singapore (2), Thoucentric (2), FinIQ Consulting (1), GEP Worldwide (1), India PAC Consulting (1), LEK Consulting (1).

Finance/Banking/Investments - 39 firms make 81 offers
Goldman Sachs (8), Credit Saison (5), NAVI (5), Allegro Capital (4), Barclays (4), Angel Broking (3), Axis Bank (3), Bajaj Finserv (3), CitiBank (3), Kotak Mahindra Bank (3), Rothschild & Co. (3), AngelOne (2), Avendus Capital (2), Essar Capital (2), IDFC (2), Jio Financial Services (2), JP Morgan Chase London (2), NatWest Group (2), Standard Chartered Bank (2), TransUnion CIBIL (2), Arpwood Capital (1), BankOpen (1), BDO India LLP (1), BNP Paribas (1), Deutsche Bank (1), Edelweiss Alternatives (1), EY India Investment Banking (1), Home First Finance (1), HSBC Bank (1), ICICI Bank (1), IILF Securities (1), JP Morgan Chase  India (1), Kotak Alternate (1), Kotak Capital (1), Kotak Mahindra Life Insurance (1), NG-NeXT (1), Param Hansa Values (1), Piramal Alternatives (1), Premji Invest (1).

IT Software/Services/Security - 23 firms make 49 offers
Microsoft (5), Browserstack (4), HCL Tech (4), Coforge (3), Cognizant (3), Pine Labs (3), Ruse Home (3), Atlassian Software (2), Capgemini (2), Cisco (2), EXL Services (2), GyanSys (2), HSBC Tech (2), KyN Hood (2), Newgen Software (2), Apple (1), D.E. Shaw (1), Hexaware Technologies (1), MoveInSync (1), PrivaSapien (1), Salesforce (1), Tech Mahindra (1), Unacademy (1).

Ecommerce/Payments/Telecom - 19 firms make 49 offers
American Express (9), Amazon (6), Airtel (4), Make My Trip (4), DTDC (3), Myntra (3), Ecom Express (2), Juspay (2), National Payments Corporation of India (2), PhonePe (2), RazorPe (2), Tesco India (2), Visa (2), Flipkart (1), NoBroker (1), Simpl (1), Tata Play (1), Vodafone Idea (1), Zomato (1).

Manufacturing/Construction/Energy/Infrastructure - 16 firms make 36 offers
Asian Paints (5), Jindal Shadeed, Oman (5), Abhinandan Lodha Enterprises (3), Gujarat Mineral Development Corporation (3), Alstom (2), Crompton Greaves (2), Hisense (2), Husk Power Systems (2), Livspace (2), Lodha Group (2), Renew Power (2), Saint Gobain (2), Brookfield Properties (1), Chennai Ports Authority (1), Sotheby’s Realty (1), Tata Steel (1).

Conglomerates - 8 firms make 30 offers
Adani Group (5), Reliance Industries (5), Vedanta (5), Air India (4), CK Birla Group (4), Aditya Birla Group (3), Tata Administrative Services (3), Mahindra & Mahindra (1).

FMCG/Retail - 16 firms make 28 offers
ITC (4), Procter & Gamble (4), Diageo (3), Phillip Morris International (2), Pidilite (3), Wipro Consumer Care (2), Amul (1), Culinary Brands (1), Dabur (1), Fast Retailing, Japan (1), Hindustan Coca Cola Beverages (1), Landmark Group, Middle East (1), Manyavar (1), Marico (1), Mondelez (1), Nestle (1).

Analytics/AI/ML - 6 firms make 13 offers
Games 24×7 (5), Merilytics (3), Media.net (2), Eightfold AI (1), Thoughtspot (1), Whatfix (1).

Healthcare - 6 firms make 12 offers
Sun Pharmaceuticals (4), Alkem Laboratories (2), Health City Cayman Islands (2), Syngene International (2), Haleon (1), UHG Optum (1).

Continue to read past placement reports from IIM Bangalore.

IIM Bangalore Placements 2023

IIM Bangalore has completed Placement 2023 for the large batch of  512 students of PGP and PGP-Business Analytics in just two days. 606 placement offers were rolled out to 512 students by the marquee companies from across all sectors and domains. IIM Bangalore has registered an average salary of Rs.35.31 lakhs in Placements 2023 and has emerged as the top B-school to have registered such highest average salary in India so far including IIMs, FMS, ISB, MDI, SPJIMR, XLRI among others. However, IIM Ahmedabad placement data is still awaited. A quick comparative placement analysis of IIM Bangalore Viz a Viz other top IIMs and B-Schools is shared below:

IIM Bangalore Vs Other Top B-Schools MBA Placements 2023: Analysis

MBA College by Average Salary	Average Salary 2022	Average Salary 2023
IIM Bangalore	Rs. 33.82 LPA	Rs. 35.31 LPA
IIM Calcutta	Rs. 34.20 LPA	Rs. 35.07 LPA
FMS Delhi	Rs. 32.40 LPA	Rs. 34.10 LPA
ISB Hyderabad	Rs. 34.08 LPA	Rs. 34.21 LPA
IIM Ahmedabad	Rs. 32.80 LPA	Awaited
SPJIMR Mumbai	Rs. 32.05 LPA	Rs. 33.02 LPA
XLRI Jamshedpur	Rs. 30.07 LPA	Rs. 32.70 LPA
IIM Lucknow	Rs. 31.03 LPA	Rs. 32.20 LPA
IIM Kozhikode	Rs. 29.50 LPA	Rs. 31.02 LPA
IIM Indore	Rs. 25.01 LPA	Rs. 30.21 LPA
IIFT Delhi & Kolkata	Rs. 25.16 LPA	Rs. 29.10 LPA
SJMSoM IIT Bombay	Rs. 25.93 LPA	Rs. 28.88 LPA
MDI Gurgaon	Rs. 26.65 LPA	Rs. 27.67 LPA
TISS Mumbai	Rs. 23.97 LPA	Rs. 27.22 LPA
IIM Shillong	Rs. 23.10 LPA	Rs. 26.96 LPA
SCMHRD Pune	Rs. 20.40 LPA	Rs. 23.83 LPA
IIM Raipur	Rs. 17.73 LPA	Rs. 21.04 LPA
IIM Tiruchirappalli	Rs. 17.00 LPA	Rs. 20.55 LPA

Source: MBAUniverse.com Analysis

Placement 2023 at IIM Bangalore included both Lateral and Final Placements for the PGP and PGP-BA class of 2023. IIM Bangalore did not   share the salary data for the placement 2023 at the time of completion of placement process and as per the practice, the placement salary data has now been released by IIM Bangalore on its website. Consulting with 221 offers emerged as the top recruiting domain in IIM Bangalore placements 2023. Accenture led the domain with 32 offers, followed by Boston Consulting Group with 26 offers. 

On the successful completion of Placements 2023, Professor Debolina Dutta, Chairperson, Career Development Services, IIM Bangalore, said: “Our students received offers from reputed companies despite a slowdown in the market. The large number of pre-placement offers that were made to our students, after their summer internship, is proof of the calibre and potential of our students. We are confident that they will shine in all spheres and make the Institute proud.”

IIM Bangalore Placements 2023: Highlights

• 100% Placement achieved in 2 days
• 512 students get 612 offers from top recruiters
• Average salary goes up at Rs.35.31 LPA in Placement 2023 from Rs.33.82 LPA Last year
• Median Salary goes up at Rs.33 LPA in Placement 2023 from Rs.31.20 LPA last year
• No. of PPOs Made increased to 291 in Placement 2023 from 273 last year
• No. of PPOs accepted also goes up at 209 in Placement 2023 from 181 last year
• Number of Companies participated in IIMB final Placement 2023: 164
• Lateral placement offers Made: 94
• Lateral Placement offers accepted: 82
• International offers made were 14 in IIMB placements 2023
• Number of offers made during the Final Placement Week: 221
• Consulting with 221 offers emerged as the top recruiting domain
• Highest 40 offers were made in Management Consulting
• Maximum number of offers made by BCG- 26; Bain & Co- 22; Accenture-22

IIM Bangalore Placements 2023: Key Trends
This year the placement process witnessed the participation of 512 students at IIM Bangalore. See key trends in placement offers during last seven years at IIM Bangalore:

IIM Bangalore Placement year	Number of students participating in placement	Number of placement offers made by companies
Placement 2023	512	606
Placement 2022	513	662
Placement 2021	431	481
Placement 2020	432	518
Placement 2019	488	411
Placement 2018	462	420
Placement 2017	450	411

Source: MBAUniverse.com Research & Analysis

Sectoral Placement at IIM Bangalore
IIM Bangalore students of class 2023 were recruited broadly in Consulting, Finance, IT, E-commerce, Sales & Marketing, General Management, Analytics and Operations areas. Consulting like last year has again emerged as the largest recruiting sector with 221 offers. Kapil Kukreja, Placement Representative, said: “We witnessed yet another excellent Placement season with an increase in offers across all sectors, driven primarily by Consulting and Product Management roles. Strategy Consulting continued to be the most sought-after role among the students, followed by General Management and Product Management.”

Detailed analysis of Sectoral placement 2023 at IIM Bangalore is shared below.

Consulting: Biggest Recruiting Domain with 221 Offers
Consulting companies emerged as the top recruiting sector in IIM Bangalore placement 2023.

Consulting Company	No. of offers made
Boston Consulting Group	26
Accenture Strategy CN (22); Accenture Strategy IMU (7)	31
Bain & Company	22
McKinsey & Company	16
PricewaterhouseCoopers	9
Kearney	12
Tata Consultancy Services	18
Ernst & Young	14
Alvarez & Marsal	6
Arthur D. Little,  EY-Parthenon Singapore	3 Each
Deloitte	6
Monitor Deloitte	6
Strategy & Middle East	5
GEP Consulting, Samagra Consulting, Strategy & India	4 Each
Oliver Wyman	8
Amazon - AWS Consulting	6
Other consulting firms	25

IT & Product Management: 85 Offers
Prominent recruiters in the Information Technology and Product Management domain, who made 85 offers are 

IT Sector Company	No. of offers made
Paytm	9
Microsoft	10
Cogoport	11
Jio Platform	7
NatWest Group	5
Cisco	4
Amagi Labs; BrowserStack; Tata Play; UHG-Optum; Zomato	3 each
Myntra; NoBroker; Publicis Sapient; Tekion; ZEE Entertainment Atlassian; Google; Info Edge; Razorpay	2 each
Other Companies in IT/Product Management	5

Conglomerates: 86 Offers
Conglomerates recruited for their leadership tracks making 86 offers in General Management positions

Company	No. of offers made
Adani Group; Vedanta	8 Each
Lodha Group	7
DTDC	6
RPG Group; CK Birla; Brillio; Tata Steel	4 Each
Calgemini; Infosys Europe; NPCI; Reliance Industries; Tata Administrative Services	3 Each
Bajaj Finserv; Gyansys; IIFL; Sun Pharma; Visa Inc	2 Each
Aditya Birla Group; Emaar Group; JSW	1 Each
Others	13

Finance: 75 Offers
IIM Bangalore students received 75 offers in Finance domain. Top recruiters in this domain include:

Finance Domain Company	No. of Offers
Goldman Sachs	6
Kotak Mahindra	6
Avendus Capital; Citibank	5 Each
IDFC First Bank; Piramal Retail Finance	4 Each
Barclays; HSBC Bank	3 each
Essar Capital; ICICI Bank; India Infoline Securities; Kotak Investment Advisor; Red Fort Capital; Standard Chartered	2 each
Arpwood Capital; Blackstone; BNP Paribas; Gaja Capital; Macquarie Group; Morgan Stanley; Multiples Equity; Piramal Alternatives; Premji Invest	1 Each
Others leading Financial Institutions	16

Sales & Marketing: 67 Offers
Major consumer companies rolled out 67 offers to IIM Bangalore students. Top recruiters in this domain with number of offers include:

Companies	No. of offers
Asian Paints	8
Samsung India	5
Navi; Nestle	4 each
ITC; Mondelez International; Procter & Gamble; Xanadu	3 each
Alkem Laboratories; Coca Cola; Haleon; HCCB; IBM; Mastercard; Pidilite; Pingsafe; Tata Play; Tata Steel; Wipro Consumer Care	2 each
Airtel; Colgate Palmolive; Dabur; Hindustan Unilever; Kimberly Clark; Philips India	1 each
Others	6

Analytics: 35 Offers
Analytics sector rolled out 35 offers in total with American Express leading with 16 offers. Key recruiters are:

Companies	No. of offers
American Express	16
EXL	10
Capital One; Cargill	2 each
JPMC	1
Other Companies	5

E-Commerce: 22 Offers
In e-commerce space, following leading companies made lucrative offers to IIM Bangalore students:

E-Commerce company	No. of offers made
Amazon	14
Flipkart	8

Operations: 15 Offers
Some of the top recruiters offered roles in Operations. They include:

Cogoport	5
Ola Electric	3
Uber	3
NatWest Group	2
Delhivery; Five Holdings	1 each

PPOs
Many companies made pre placement offers in the range of one to four PPOs

International Placements 2023 at IIM Bangalore
Many companies from abroad also participated in IIM Bangalore placements 2023 and recruited 14 students. Bhagyalaxmi, Manager, Career Development Services at IIM Bangalore, said: “This season also witnessed the participation of companies from overseas locations like Europe, Dubai and Singapore with offers across Consulting, Finance and Business Strategy roles.”

IIM Bangalore Placements 2022

Highlights of IIM Bangalore placement season 2022 for the 2020-22 batch are shared below

IIM Bangalore Placement 2022: Highlights
IIM Bangalore conducted final placement 2022 virtually, both for recruiters and students in view of the Covid-19 pandemic situation. Key highlights in IIM Bangalore Placements 2022 are

• Average Salary goes up by 17% at Rs.33.82 LPA in Placement 2022 from Rs. 28.98 LPA last year
• Median Salary in Placement 2022 stood at Rs.31.20 LPA
• Placement 2022 got over in 2 days with 100% placement offers
• 37% Increase in Placement offers
• Large Batch Size of 524 students
• 11 Students Opted out
• 513 students got 662 offers
• 137 top recruiters participated in Placement 2022
• Pre Placement Offers (PPO) made 273
• PPOs Accepted: 181
• International Placement offers: 6
• With 248 offers, Consulting emerged as top recruiting domain. Accenture was the top recruiter with 51 offers
• Top recruiters included Accenture, BCG, Kearney, Bain & Company, McKinsey, Microsoft, RPG Group, Goldman Sachs, Avendus Capital, EY, HUL among others

IIM Bangalore Placement 2022 Salary Data
Apart from consistently achieving 100% placements in a short time of two days, the placement compensation packages at IIM Bangalore are on the rise year after year. The placement 2022 salary data, as released by IIM Bangalore after completion of audit and previous salary data for IIMB Placements are shared below   

IIM Bangalore Placement Year	Placement 2022	Placement 2021	Placement 2020
Average Salary (Domestic)	Rs.33,82,000	Rs.28,98,000	Rs.26,18,000
Average Salary (International)	--	----	Rs.32,10,000
Median Salary (Domestic)	Rs.31,20,000	Rs.28,60,000	Rs.25,00,000
Median Salary (International)	--	--	Rs.26,00,000

Source: IIM Bangalore Placement Reports

Strong Placements for 1^st MBA Analytics Batch 2020-22
MBA program in Business Analytics was introduced by IIM Bangalore in 2020, and the first batch  graduated in 2022. Number of top companies made placement offers to the students of IIM Bangalore Business Analytics programme

Companies	No. of offers
American Express	5
Accenture; Goldman Sachs;  McKinsey and Company;	4 each
Kearney	3
EY; Microsoft; Paytm; Oracle	2 each
ADL; Adobe; Allegro Capital; Alvarez and Marsal; ANZ; BCG; Cashfree; EXL Service; Kotak Mahindra; OLA; Uber; Wells Fargo	1 each

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