IIM Sambalpur Placement 2024: 100% Placements: Average Salary Dips by 14% at Rs.14.21 LPA; Accenture, Vedanta, Adani, EY, Cognizant, Deloitte, among top Recruiters

IIM Sambalpur has completed final Placement 2024 achieving 100% placement yet again for the large 8^th MBA batch 2022-24 of 192 students. This season has recorded a dip of 14% in average salary which has gone down at Rs.14.21 LPA from Rs.16.64 LPA last year. IIM Sambalpur has highly gender diverse class 2024 with 35% Female. Outperforming the male students, the Girls have got the highest package of Rs 23.50 LPA in  placement 2024. Prominent recruiters in IIM Sambalpur placements 2024 include Adani, Vedanta, Micron, Aditya Birla, GMR Group, Accenture, HDFC, Cognizant, ICICI, Deloitte, EY, PwC, Gartner, Jindal Steels, Grand Thornton, Lowe’s, Akzo Nobel, Tata Power, and others.

In a scenario when most B-schools are facing adverse impact of Economic Slowdown in their placements, IIM Sambalpur too has been affected by this phenomenon with a dip in its Average, and Highest salary for the 2022-24 batch. IIM Sambalpur has started conferring MBA degree instead of diploma after implementation of IIM Act 2017 which empowered the IIMs to award MBA degree.

IIM Sambalpur Placements 2024 Vs Other 3^rd Generation IIMs Placements 2024
Out of the third generation 7 IIMs which started operation in 2015-2016, only IIM Bodh Gaya, IIM Jammu, IIM Sambalpur and IIM Visakhapatnam are the four IIMs who have completed placements for 2022-24 batch. All the four 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 Jammu and IIM Visakhapatnam at 6%. Most other IIMs are also witnessing downward trend in placement packages. A comparative analysis of IIM Sambalpur 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	Not Completed
# 98	IIM Sirmaur	Not Completed

Status as on June 18, 2024

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 Sambalpur has seen 14% dip in average salary while IIM Bodh Gaya has seen 13% dip in average salary.

NIRF Ranking 2023	Baby IIMs	MBA Average Salary 2021 (Rs LPA)	MBA Average Salary 2022 (Rs LPA)	MBA Average Salary 2023 (Rs LPA)	MBA Average Salary 2024 (Rs LPA)	Increase or Decrease in Average Salary in Percentage
# 29	IIM Visakhapatnam	12.62	14.6	16.61	15.61	1%
# 41	IIM Jammu	10.34	13.78	16.50	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	Not Completed
# 98	IIM Sirmaur	9.60	12.74	14.45	Not Completed

Status as on June 18, 2024

However, proving its mettle and braving the economic slowdown situation, IIM Sambalpur has successfully concluded the final placements for the batch of 2022-24, keeping intact its legacy of 100% placement record over the years. Besides, this year’s placement season witnessed a 23.48% increase in the number of recruiters visiting IIM Sambalpur campuse. Female students having prior work experience have secured an average salary of 15.14 LPA, while male candidates have an average of 14.12 LPA. Female students were found to be the highest paid in the sectors of Consulting, IT/Analytics, Marketing, and General Management, with an average CTC of 16.33 LPA in the latter. This year, IIM Sambalpur has witnessed a 33% increase in the number of PPOs (Pre-Placement Offers). This year’s placement season attracted over 163 recruiters, with a 49% increase in first-time recruiters looking for the best talent on campus.

Placement 2024 at IIM Sambalpur attracted recruiters from a variety of industries, including IT, Consulting, BFSI, FMCG, Ed-Tech, E-Commerce, Analytics, and Logistics. 

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

IIM Sambalpur Final Placement 2024: Key Highlights
A key highlight of IIM Sambalpur Placement 2024 is that now the candidates have started negotiating for better salary packages. With an increase in MBA batch size from 167 students last year to 192 students this year, IIM Sambalpur has yet again secured 100% placement. Key highlights of IIM Sambalpur placements 2024 are:

• The average salary of the MBA batch has gone down by 14% at Rs.14.21 LPA from Rs.16.64 LPA last year
• The median salary of the MBA 2022-24 batch has gone down at Rs.13.15 LPA from Rs.16 LPA last year
• No. of Recruiters up at 163 in placement 2024 from 130 last year
• Average Salary for the Top 10% Batch has gone down to Rs.20.76 LPA from Rs.31.69 LPA last year
• For the top 25% of the batch, average salary has gone down at Rs.18.71 LPA from Rs 25.19 LPA last year
• The highest salary has gone down at Rs.23.50 LPA from Rs.64.61 LPA last year
• Female students with prior work ex have excelled with an average salary of Rs 15.14 LPA.
• The largest batch size of the outgoing cohort participated in the placement, with Marketing emerging as the most popular sector, attracting over 31% of the batch, followed by General Management with 26%.
• Top recruiters include Adani, Vedanta, Micron, Aditya Birla, GMR Group, Accenture,  Cognizant, Deloitte, EY, PwC and others.

IIM Sambalpur Final Placements: Key Trends
163 recruiters participated in the recruitment process at the institute, with 49% increase in new recruiters making offers across various domains. The last seven years’ placement trends at IIM Sambalpur are:

Placement year	Average Placement (Rs. in lakhs)	Highest Placement (Rs. in lakhs)
Placement 2024	14.21	23.50
Placement 2023	16.64	64.61
Placement 2022	13.26	26.19
Placement 2021	11.21	21.00
Placement 2020	11.62	18.92
Placement 2019	11.33	58.00
Placement 2018	10.55	60.74
Placement 2017	9.15	13.80

Top Recruiters in IIM Sambalpur Placement 2024
This year's placement season witnessed participation from 163 recruiters, with an increase of 49% in first-time recruiters aiming to find the best talent available on campus. The top recruiters include Adani, Vedanta, Micron, Aditya Birla, GMR Group, Accenture, HDFC, Cognizant, ICICI, Deloitte, EY, PwC, Gartner, Jindal Steels, Grand Thornton, Lowe’s, Akzo Nobel, Tata Power and many more.

Roles Offered
The students were offered prominent roles in Finance, HR, and Operations domains. The positions offered include Management Consultant, Functional Consultant, Product Manager, Seniors Analyst, Research & Advisory, Business Analyst, Team Lead, Sr Consultant, Senior Analyst, Product Management, Credit Manager, Digital Marketing Manager, Project Manager, Sr. RM, Key Account Management, Inventory Planner, among others.

IIM Sambalpur, established by the Government of India in 2015 with a vision to be an Institute of par excellence in nurturing responsible leaders with an entrepreneurial mind set, has been achieving 100% placements ever since its inception and has pioneered in introducing flipped classroom as learning pedagogy in its well-equipped digital and smart class rooms. The Institute is in the process of shifting to the newly build state-of-the-art campus with world-class infrastructure spread over 200 acres at Sambalpur.

The B-school commenced operation with its first MBA (PGP) 2015-17 batch comprising 49 students. It has upped its intake to 192 students for the eighth batch.  Apart from its regular flagship 2 years full time MBA programme, IIM Sambalpur has also launched  2 year Executive MBA degree programme for working professionals in blended learning mode with a combination of online and offline classes from the year 2021. IIM Sambalpur also offers full time PhD and executive PhD programmes.

IIM Sambalpur is mentored by IIM Indore and the students are getting the best learning experience and placement opportunities as IIM Indore is mentoring all activities at IIM Sambalpur. The faculty from IIM Indore has also been delivering courses at IIM Sambalpur. The overall design, quality and delivery of MBA course is in accordance with the standards and with direct involvement of IIM Indore. IIM Sambalpur learning experience combines the case study method supported by a team of high caliber faculty, and a tight-knit learning environment with close ties to industry to develop complete leaders who are ready to make an impact. 

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