IIM Nagpur Placement 2024: 100% Placements with Slight Dip in Average Salary; Goes Down at Rs.16.29 LPA; BNY Mellon, Adani, Vedanta, Deloitte Hire Big
IIM Nagpur has completed 100% placement 2024 for the large 8th MBA batch 2022-24 of 255 students, with a 2.7% dip in overall average salary which has gone down at Rs.16.29 LPA from Rs.16.74 LPA last year. Despite the drop, IIMN average salary is highest among all the third generation IIMs. IIM Nagpur has registered 3% increase in average salary for top 50% batch which has gone up at Rs.19.49 LPA from Rs.18.91 LPA last year. BFSI and ITES emerged as the top recruiting sectors with 64% Placements
IIM Nagpur has concluded the final Placement 2024 for its 8th largest batch of 255 students enrolled in its flagship MBA 2022-24 programme before organizing the Convocation for the batch. While IIM Nagpur witnessed a marginal dip of 2.69% in overall average salary in Placement 2024, the institute saw more than 3% increase in average salary for top 50% batch. Although the overall average salary is down at Rs.16.29 LPA from Rs.16.74 LPA last year, it is still the highest average salary registered in placement 2024 by any of the seven third generation IIMs. Besides, the average salary for top 50% students has gone up at Rs.19.49 LPA from Rs.18.91 LPA last year.
The placements were conducted through a combination of virtual and offline modes, reflecting the adaptability of both students and recruiters. Diverse array of recruiters participated in IIM Nagpur placement 2024 from sectors such as Consulting, BFSI, ITES, Manufacturing, FMCG/FMCD, Conglomerates among others. Notable recruiters included BNY Mellon, Aditya Birla Capital, ICICI Bank, Adani, Vedanta, Deloitte, Nucleus Software among others.
Speaking on successful completion of Placement 2024, Dr. Bhimaraya Metri, Director IIM Nagpur, said, "The student's performance in the placement process is a testament to the intellectual capital, new-generation courses, learning ecosystem, strong industry relationships, and connectivity to the corporate world available to the students. The confluence of all these factors makes our institute the most favoured choice for students and corporates."
In a scenario when most B-schools are facing adverse impact of Economic Slowdown in their placements, IIM Nagpur too has been affected by this phenomenon with a dip in its Average, and Highest salary for the 2022-24 batch. IIM Nagpur has started conferring MBA degree instead of diploma after implementation of IIM Act 2017 which empowered the IIMs to award MBA degree.
IIM Nagpur Placements 2024 Vs Other 3rd Generation IIMs Placements 2024
Out of the third generation 7 IIMs which started operation in 2015-2016, IIM Bodh Gaya, IIM Jammu, IIM Nagpur, IIM Sambalpur and IIM Visakhapatnam are the five IIMs who have completed placements for 2022-24 batch. All the five of them have registered dip in average salary which is more for IIM Sambalpur at 14% and for IIM Bodh Gaya at 13% than for IIM Nagpur at 2.7%; IIM Jammu, IIM Nagpur and IIM Visakhapatnam at 6%. However, IIM Nagpur has registered highest average salary at Rs.16.29 LPA among all the third generation IIMs, despite a dip in average salary. Most other IIMs are also witnessing downward trend in placement packages. A comparative analysis of IIM Nagpur Placements 2024 Vs other IIMs’ Placements 2024 is given below:
| NIRF Ranking 2023 | IIMs | MBA Average Salary 2024 | Increase or Decrease in Average Salary in Percentage |
| # 29 | IIM Visakhapatnam | Completed, Check IIM Visakhapatnam Placements 2024 Report. | - 6 % Drop |
| # 41 | IIM Jammu | Completed, Check IIM Jammu Palacements 2024 Report. | - 6% Drop |
| # 51 | IIM Amritsar | Not Completed | |
| # 53 | IIM Bodh Gaya | Completed, Check IIM Bodh Gaya Placements 2024 Report. | -13% Drop |
| # 58 | IIM Sambalpur | 14.21 LPA | - 14% Drop |
| #43 | IIM Nagpur | 16.29 LPA | - 2.69% Drop |
| # 98 | IIM Sirmaur | Not Completed |
Status as on June 19, 2024
|
IIM Placements 2024: Check Placement Report, Average and Highest Salary Package |
IIM Placements 2024: Third Generation IIMs (Baby IIMs) Average Salary Trends for last four years
An interesting observation from the data is that while IIM Jammu and IIM Visakhapatnam have seen 6% dip in average salary, IIM Nagpur has seen only marginal dip of less than 3% in average salary while IIM Sambalpur has seen substantial 14% dip in average salary while IIM Bodh Gaya has seen 13% dip in average salary.
|
NIRF Ranking 2023 |
Baby IIMs |
Average Salary 2021 (Rs LPA) |
Average Salary 2022 (Rs LPA) |
Average Salary 2023 (Rs LPA) |
Average Salary |
Increase or Decrease in Average Salary in |
|
# 29 |
IIM Visakhapatnam |
12.62 |
14.6 |
16.61 |
15.61 |
-6% |
|
# 41 |
IIM Jammu |
10.34 |
13.53 |
16.5 |
15.48 |
-6% |
|
# 51 |
IIM Amritsar |
12.68 |
14.63 |
16.51 |
Not Completed |
-- |
|
# 53 |
IIM Bodh Gaya |
9.92 |
12.36 |
16 |
13.9 |
-13% |
|
# 58 |
IIM Sambalpur |
11.21 |
12.64 |
16.64 |
14.21 |
-14% |
|
#43 |
IIM Nagpur |
13.21 |
14.94 |
16.74 |
16.29 |
-2.69% |
|
# 98 |
IIM Sirmaur |
9.60 |
12.74 |
14.45 |
Not Completed |
-- |
Status as on June 19, 2024
IIM Nagpur Placement 2024: Key Highlights
- Consistent Record of 100% Placements. Completes Placements 2024
- Highest Salary in Placement 2024 stood at Rs.38.40 LPA
- Average Salary Dips Marginally at Rs.16.29 LPA in Placement 2024 from Rs.16.74 LPA last year
- Average Salary for Top 50% Batch up by 3.1% at Rs.19.49 LPA in placement 2024 from Rs.18.91 LPA last year
- Median Salary dips at Rs.16 LPA in 2024 from Rs.16.85 LPA last year
- 62 New Companies participated in Placement 2024
- Key roles were offered in General Management, Strategy & Consulting, IT& Analytics, Sales and Marketing, Finance, Operations, and Product Management
- IT/ITES & BFSI emerged as the most sought-after sectors with more than 64% batch getting placed in these sectors
- Top recruiters include BNY Mellon, Aditya Birla Capital, ICICI Bank, Adani, Coca-Cola, John Deere, Nexdigm, Vedanta, VI-JOHN Group, ADP, Deloitte, CCIL, Haldirams, Nucleus Software, TVS Motors, Bandhan Bank,
IIM Nagpur: Key Placement Trends
This is the 8th MBA batch at IIM Nagpur passing out in 2024. The 1st batch at IIM Nagpur passed out in 2017 and right from the beginning, Industry has offered high placement packages at IIM Nagpur. Key trends in IIM Nagpur Placements since its first batch got placed are shared as below:
|
Final Placement Year |
Average Salary in Placement (Rs. in Lakhs per annum) |
Highest Salary in Placement (Rs.in Lakhs per annum) |
|
2024 (8th Batch) |
16.29 |
38.40 |
|
2023 (7th Batch) |
16.74 |
64.00 |
|
2022 (6th Batch) |
15.21 |
31.54 |
|
2021 (5th Batch) |
13.21 |
19.20 |
|
2020 (4th Batch) |
13.10 |
40 |
|
2019 (3rd Batch) |
12.35 |
20 |
|
2018 (2nd Batch) |
12.10 |
19 |
|
2017 (1st Batch) |
13.05 |
NA |
Top Profiles Offered
In the final placements 2024 at IIM Nagpur, students were offered profiles like, Area Sales Manager, Retail Banking, Supply Chain Consultant, Analytics Consultant, Product Management, New Product Development among other profiles
Most Sought After Domains in Placement 2024
The most preferred roles among students were in General Management, Strategy & Consulting, IT& Analytics, Sales and Marketing, Finance, Operations, and Product Management, with HR roles also attracting significant interest. Nearly 60% of the students opted for roles in Strategy & Consulting, General Management, IT & Analytics, Sales & Marketing. Below is shared the domain wise split of placements:
|
Domain |
Percentage of Students Placed |
|
General Management |
18.49% |
|
Strategy & Consulting |
17.05% |
|
Sales & Marketing |
14.88% |
|
IT & Analytics |
13.64% |
|
Product Management |
11.92% |
|
Finance |
11.57% |
|
Operations |
10.92% |
|
Human Resources (HR) |
1.53% |
IIM Nagpur Placements 2024 Sector Wise
BFSI and ITES emerged as the most sought-after sectors, followed by Consulting, Manufacturing, and FMCG /FMCD, with over 80% of the batch opting for roles in these industries. Sector wise split of IIM Nagpur Placement 2024 is shared below:
|
Sector |
Number of Students Placed |
|
IT/ITES |
33.50% |
|
BFSI |
31.00% |
|
Consulting |
13.80% |
|
Manufacturing |
12.00% |
|
FMCG/FMCD |
3.10% |
|
Conglomerate |
2.89% |
|
Pharmaceutical, Marketing & Real Estate |
2.27% |
|
E-Commerce & Logistics |
1.44% |
IIM Nagpur Placements 2024: Top Recruiters
In the placement season 2024, IIM Nagpur witnessed 62 new recruiters apart from regular recruiters. Some of the first-time recruiters include IDBI Bank, John Deere, Haldirams, TVS Electronics among others. Notable recruiters included BNY Mellon, Aditya Birla Capital, ICICI Bank, Adani, Coca-Cola, John Deere, Nexdigm, Vedanta, VI-JOHN Group, ADP, Deloitte, CCIL, Haldirams, Nucleus Software, TVS Motors, Bandhan Bank, and many others.
IIM Nagpur Batch Profile
IIM Nagpur is one of the top B-schools with high gender diversity and about half of the batch with work experience. Key highlights of IIM Nagpur 2022-24 batch profile are as below:
Gender Diversity: 43% Women Students
IIM Nagpur batch profile reflects that the 2022-24 batch had 255 total students and out of them the ratio of women students was 109 which comes to 42.75%. The batch had 146 Male students which comes to 57.25% of the total batch size.
Work Experience: 49.81% Batch with Work Ex
IIM Nagpur 2022-24 had 50.19% fresher students while 49.81% students had work experience as per following details:
|
Period of Work Experience |
Percentage of Students |
|
Work Ex of Less than 1 Year |
10.28% |
|
Work Ex between 1 to 2 Years |
22.53% |
|
Work Ex of More than 2 Years |
17.00% |
|
Freshers with No work experience |
51.19% |
IIM Nagpur Operating From its New Campus
IIM Nagpur shifted to its new 132-acre spacious green campus, situated at MIHAN, Nagpur, Maharashtra, in November 2021. The state-of-the-art campus is well equipped with all modern gadgets and facilities. The new campus is designed to cater to 600 students. The campus has been designed to minimise the environmental footprint while facilitating learning both inside and outside the classroom. IIM Nagpur new campus includes a state-of-the-art academic complex, library, administrative block, student hostels, sports complex, and residential quarters. The campus also houses a Management Development Centre for the institute’s Executive Education Programmes (EEP) and IIM Nagpur’s entrepreneurship incubation centre, InFED, in addition to allied infrastructure.
Mentored by IIM Ahmedabad, IIM Nagpur started functioning with the launch of its1st PGP batch in 2015 with a sanctioned intake of 60 students. For the 8th MBA 2022-24 batch, IIM Nagpur has increased intake to 255 students. The MBA seats at IIM Nagpur have further increased for 2024-26 batch to 280 students. IIM Nagpur offers 2 year full time residential PGP program leading to MBA degree; Executive MBA at Nagpur campus and Executive MBA at its Pune campus. IIM Nagpur also offers Doctoral PhD programs in Management. IIM Nagpur PGP admission is through CAT exam score. The PI round is through Common Admission Process (CAP) conducted for new IIMs. After passing of IIM Bill 2017, the Post Graduate Programme (PGP) in Management at IIM Nagpur now leads to award of MBA degree instead of diploma.
Stay tuned to MBAUniverse.com for more updates on IIM Nagpur