IIMs in India: Check List of Old & New IIMs, Ranking, Accreditation, Programs offered, Fees, Seats, Selection Process

IIMs in India have grown from two in 1961 to twenty one in August 2023. IIMs in India are considered top MBA colleges offering wide range of MBA programmes. After passing of IIM Act 2017, all the IIMs are empowered to award  MBA degree instead of Post Graduate Diploma to its students.

Latest Update:

• NITIE Mumbai has been renamed as IIM Mumbai
• Tally of total IIMs in India now has gone up to 21 from 20
• Total Seats in IIMs Go Up at 10000+

Despite the sharp growth in number of IIMs, the quality of education they impart has not gone down and the demand for old and new IIM students is consistently going up due to this education quality and the IIMs’ rigorous selection process. The companies visiting the IIM campus for placement year after year are increasing and are offering higher placement packages. This is the reason that more and more MBA aspirants are looking for IIM admission despite increase in their fee structure. 

Let’s see the List of IIMs in India with their year of establishment, location, Ranking, Accreditation, fee, placements and more

Table of Contents

1. List of IIMs in India by Location, Ranking
2. Programmes Offered by the IIMs in India
3. IIMs Fee in India
4. IIM Placements
5. IIM Admission Process

1. List of IIMs in India
The List of IIMs in India based on 2023 Ranking- India & Global, Year of Establishment is as below:

Institute	Established	NIRF Ranking 2023	Global Accreditation	FT Global MBA Ranking 2023	FT Masters in Mgmt 2023 Global Ranking
IIM Calcutta	1961	4	Triple accreditation-AACSB, AMBA, EQUIS	76	60
IIM Ahmedabad	1961	1	EQUIS	51	43
IIM Bangalore	1973	2	EQUIS	52
IIM Lucknow	1984	6	Triple accreditation-AACSB,AMBA,EQUIS	90	72
IIM Indore	1996	8	Triple accreditation-AACSB,AMBA,EQUIS	89
IIM Kozhikode	1996	3	AMBA, EQUIS, AACSB Triple crown accreditation		77
IIM Shillong	2007	26	--	--	--
IIM Raipur	2010	11	--	--	--
IIM Ranchi	2010	24	--	--	--
IIM Rohtak	2010	12	--	--	--
IIM Kashipur	2011	19	--	--	--
IIM Tiruchirappalli	2011	22	--	--	--
IIM Udaipur	2011	16	--	--	88
IIM Amritsar	2015	51	--	--	--
IIM Bodh Gaya	2015	53	--	--	--
IIM Nagpur	2015	43	--	--	--
IIM Sambalpur	2015	58	--	--	--
IIM Sirmaur	2015	98	--	--	--
IIM Visakhapatnam	2015	29	--	--	--
IIM Jammu	2016	41	--	--	--
IIM Mumbai	1963 (converted to IIM in 2023)	7	--	--	--

 

2. Programmes Offered by the IIMs in India

IIM Courses as offered by each of the IIMs are shared below:

Indian Institute of Management (IIM)	MBA Programmes Open for Admission 2024
IIM Ahmedabad	PGP, PGP-FABM
IIM Amritsar	MBA, EMBA, MBA-Business Analytics, MBA-HRM
IIM Bangalore	PGP, PGPEM, PGPBA
IIM Bodh Gaya	PGP
IIM Calcutta	MBA
IIM Indore	PGP, PGP-HRM
IIM Jammu	MBA
IIM Kashipur	MBA, MBA (Analytics), EMBA
IIM Kozhikode	PGP, PGP-BL, PGP-F, PGP-LSM, EPGP (At Kochi campus)
IIM Lucknow	PGP, PGP-ABM, PGP-SM, MBA (E & I)
IIM Mumbai (Erstwhile NITIE Mumbai)	MBA, MBA Operations and Supply Chain Management, MBA Sustainability Management
IIM Nagpur	PGP
IIM Raipur	PGP
IIM Ranchi	PGP, PGP-HRM, PGP (Business Analytics)
IIM Rohtak	PGP, EPGPX, EPGDSM
IIM Sambalpur	MBA, Executive MBA
IIM Shillong	PGP, PGPEX, PGPWE
IIM Sirmaur	MBA, MBA (T&HM)
IIM Tiruchirappalli	PGP, PGPM-HR, PGPBM
IIM Udaipur	MBA, MBA-DEM, MBA-GSCM, PGDBAWE
IIM Visakhapatnam	PGP, PGPEX, PGPDGM

3. IIMs Fee in India
IIM in India fees is consistently rising. Present structure of IIM in India fees for the MBA programmes is as below:

IIMs	Fees for 2023-25 Batch (Rs.in Lakhs)
IIM Ahmedabad Fees	Rs. 25.00 lakhs
IIM Bangalore Fees	Rs. 24.70 lakhs
IIM Calcutta Fees	Rs. 25.00 lakhs
IIM Lucknow Fees	Rs. 21.75 lakhs
IIM Mumbai Fees	Rs. 20.40 lakhs
IIM Indore Fees	Rs. 21.17 lakhs
IIM Kozhikode Fees	Rs. 20.50 lakhs
IIM Shillong Fees	Rs. 21.50 lakhs
IIM Rohtak Fees	Rs. 17.90 lakhs
IIM Trichy Fees	Rs. 19.50 lakhs
IIM Udaipur Fees	Rs. 21.43 lakhs
IIM Raipur Fees	Rs. 15.93 lakhs
IIM Ranchi Fees	Rs. 17.50 lakhs
IIM Kashipur Fees	Rs. 17.30 lakhs
IIM Amritsar Fees	Rs. 17.30 lakhs
IIM Bodh Gaya Fees	Rs. 17.00 lakhs
IIM Jammu Fees	Rs. 17.15 lakhs
IIM Nagpur Fees	Rs. 19.40 lakhs
IIM Sambalpur Fees	Rs. 13.08 lakhs
IIM Sirmaur Fees	Rs. 16.20 lakhs
IIM Visakhapatnam Fees	Rs. 18.25 lakhs

4. IIM Placements
After completion of final placements 2023 in all the IIMs, MBAUnivese.com has collated the data of latest IIM placements and has prepared IIM Placements Report 2023 with latest details which reveal some interesting facts and trends reflecting which IIM has left its counterpart behind and has registered higher average salary, which IIMs have registered highest percentage increase in salary, what are the key trends in IIM Placements this year and more. Average package of each IIM Salary has gone up in placements 2023. Key details about each IIM salary is given below:

4.1 Top IIMs by Average Salary in Placements 2023
Top IIMs year wise placement statistics by Average salary above Rs.30 LPA in placement 2023 is shared below

Top IIM by Average Salary	MBA Average Salary 2021	MBA Average Salary 2022	MBA Average Salary 2023
IIM Bangalore	Rs.28.98 LPA	Rs. 33.82 LPA	Rs. 35.31 LPA
IIM Calcutta	Rs. 29.00 LPA	Rs. 34.20 LPA	Rs. 35.07 LPA
IIM Ahmedabad	Rs. 27.54 LPA	Rs. 32.80 LPA	Awaited
IIM Lucknow	Rs. 26.00 LPA	Rs.31.03 LPA	Rs.32.20 LPA
IIM Kozhikode	Rs. 22.53 LPA	Rs. 29.50 LPA	Rs. 31.02 LPA
IIM Indore	Rs.23.60 LPA	Rs. 25.01 LPA	Rs. 30.21 LPA

Source: MBAUniverse.com IIM Placements Analysis

4.2 Top IIM Placements 2023 with Average Salary above Rs.20 LPA
IIM Shillong, IIM Raipur, IIM Udaipur among others have registered average salary between Rs.20 LPA and Rs.27 LPA. Surprisingly, the average salary at IIM Raipur, IIM Trichy and IIM Udaipur have gone up by Rs.6 to 7 LPA in two years. Check Table Below

IIM by Placements	MBA Average Salary 2021	MBA Average Salary 2022	MBA Average Salary 2023
IIM Shillong Placements	Rs.19.17 LPA	Rs. 23.10 LPA	Rs. 26.96 LPA
IIM Raipur Placements	Rs. 15.11 LPA	Rs. 17.73 LPA	Rs. 21.04 LPA
IIM Tiruchirappalli Placements	Rs. 14.85 LPA	Rs. 17.00 LPA	Rs. 20.55 LPA
IIM Udaipur Placements	Rs. 13.42 LPA	Rs. 17.80 LPA	Rs. 20.32 LPA

Source: MBAUniverse.com IIM Placements Analysis 

4.3. IIMs Placements 2023 with Average Salary Going upto Rs.19 LPA

Among the IIMs which missed the Rs.20 LPA Average Salary bar by less than Rs.2 lakhs are IIM Rohtak and IIM Kashipur. However, the way their average salary is rising by Rs.2 lakhs every year, it is expected that they would join club 20 LPA next year. Baby IIMs are also making good progress and their average salary is rising by 1 to 2 lakhs year on year. Key details of IIMs with average salary of last three years are as below:

IIM Placements 2023	MBA Average Salary 2021	MBA Average Salary 2021	MBA Average Salary 2022
IIM Rohtak	Rs. 13.74 LPA	Rs. 16.06 LPA	Rs.18.73 LPA
IIM Kashipur	Rs. 14.05 LPA	Rs. 15.21 LPA	Rs. 18.11 LPA
IIM Ranchi	Rs. 14.69 LPA	Rs. 16.17 LPA	Rs. 17.30 LPA
IIM Nagpur	Rs. 13.21 LPA	Rs. 14.94 LPA	Rs.16.74 LPA
IIM Amritsar	Rs. 12.68 LPA	Rs. 14.63 LPA	Rs.16.51 LPA
IIM Sambalpur	Rs. 11.21 LPA	Rs. 12.64 LPA	Rs.16.64 LPA
IIM Jammu	Rs. 10.34 LPA	Rs. 13.53 LPA	Rs.16.43 LPA
IIM Bodh Gaya	Rs.  9.92 LPA	Rs. 12.36 LPA	Rs.16.00 LPA
IIM Visakhapatnam	Rs. 12.62 LPA	Rs. 14.60 LPA	Rs. 15.47 LPA
IIM Sirmaur	Rs.  9.60 LPA	Rs. 12.74 LPA	Rs. 14.45 LPA

Source: MBAUniverse.com IIM Placements Analysis

4.5 Fastest Growing IIMs by Average Salary Packages in Placements
Leaving behind the older siblings, baby IIMs like IIM Sambalpur has registered highest increase of 31.6% in average salary, followed by IIM Bodhgaya with 29% increase. IIM Indore and IIM Jammu each has registered 21% rise in average salary. IIM Shillong, IIM Udaipur, IIM Rohtak, IIM Raipur, IIM Kashipur have recorded 14% to 20% increase in average salary in placements 2023. The table below lists the fastest growing IIMs by placements:

Fastest Growing IIM by Average Salary	MBA Average Salary 2021	MBA Average Salary 2022	MBA Average Salary 2023	YoY Percentage Increase
IIM Sambalpur Placements	Rs. 11.21 LPA	Rs. 12.64 LPA	Rs.16.64 LPA	+ 31.6%
IIM Bodh Gaya Placements	Rs.  9.92 LPA	Rs. 12.36 LPA	Rs.16.0 LPA	+ 29.4%
IIM Jammu Placements	Rs. 10.34 LPA	Rs. 13.53 LPA	Rs.16.43 LPA	+ 21.4%
IIM Tiruchirappalli Placements	Rs. 14.85 LPA	Rs. 17.00 LPA	Rs.20.55 LPA	+ 20.88%
IIM Indore Placements	Rs. 23.60 LPA	Rs. 25.01 LPA	Rs.30.21 LPA	+ 20.8%
IIM Kashipur Placements	Rs. 14.05 LPA	Rs. 15.21 LPA	Rs.18.11 LPA	+ 19.06%
IIM Raipur Placements	Rs. 15.11 LPA	Rs. 17.73 LPA	Rs.21.04 LPA	+ 18.66%
IIM Shillong Placements	Rs.19.17 LPA	Rs. 23.10 LPA	Rs. 26.96 LPA	+ 16.7%
IIM Rohtak Placements	Rs.13.74 LPA	Rs.16.06 LPA	Rs.18.73 LPA	+ 16.6%
IIM Udaipur Placements	Rs.13.42 LPA	Rs. 17.80 LPA	Rs. 20.32 LPA	+ 14.2%

Source: MBAUniverse.com IIM Placement Report 2023 based on data released by IIMs 

4.6 Top 10 IIMs by Highest Salary
Although the highest salary is offered to one or two students, the highest salary offered at an IIM campus often makes newspaper headlines. In the table below, the highest domestic salary registered by the IIMs in MBA placements 2023 is taken into account. It may be noted that IIM Bangalore has not released its highest salary and IIM Ahmedabad will release the salary data in September 2023 after IPRS Audit. As such both of these top IIMs have not been included among the top IIMs by highest salary in 2023.

Top IIMs Placements by Highest Salary	Highest Salary 2023
IIM Calcutta Placements	Rs.1.15 Crore
IIM Indore Placements	Rs.1.14 Crore
IIM Shillong Placements	Rs.71.30 LPA
IIM Raipur Placements	Rs. 67.60 LPA
IIM Kozhikode Placements	Rs. 67.02 LPA
IIM Sirmaur Placements	Rs. 64.12 LPA
IIM Jammu Placements	Rs. 64 LPA
IIM Ahmedabad (2022) Placements	Rs. 61.68 LPA
IIM Lucknow Placements	Rs. 58.00 LPA
IIM Tiruchirappalli Placements	Rs. 41.61 LPA

Source: MBAUniverse.com IIM Placements Analysis

4.7. Top Recruiters in IIM Placements 2023
Almost all the IIMs conducted their placement process for 2021-23 batch in person and as such the companies also preferred to visit the IIM campus for placements instead of online assessment for the recruitment. IIMs have registered not only higher salary packages but also more number of recruiters at the campus in placement 2023. Some of the top recruiters that visited IIM campus for placements 2023 include - Accenture, Bain & Company, BCG, Deloitte, E&Y, GEP, HCL Tech, Infosys, Kearney, KPMG, McKinsey, PwC, Axis Bank, Bank Of America, Barclays, CITI Bank, Credit Suisse, Goldman Sachs, HDFC Bank, ICICI Bank, JSW, Kotak Mahindra Bank, Aditya Birla Group, Microsoft, ITC, HUL among others

5. IIM Admission Process
IIM Admission process has following four steps:

• Apply and appear in CAT exam. IIM-CAT is the mandatory MBA entrance exam for admission to all the IIMs and all the IIMs open and close their admission process simultaneously with the opening and closing of CAT registration dates
• After declaration of CAT result in January, IIMs shortlist the suitable candidates for final admission round on the basis of CAT exam scores, academics, diversity, work experience among other parameters
• All the shortlisted candidates shall have to appear in the Written Ability Test (WAT) followed by Personal Interview (PI).
• On the basis of performance of candidates in final selection round, final merit list will be generated and admission offers will be made by the respective IIM

Hope you found this article useful on IIMs in India. We will continue updating this article with latest updates for your benefit.

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