MBA Placements 2024: Check Placement Report, Average and Highest Salary Package
MBA Placements 2024: IIMA, IIMB, IIMC, IIML, IIMI, XLRI, SPJIMR Complete Placements; Average Salary Dips for a few B-school; Check Latest Updates
MBA Placements 2024 is not the same smooth affair for IIMs and other top B-schools as it used to be. While IIM Ahmedabad, IIM Calcutta, XLRI, SPJIMR, IIM Lucknow and IIM Indore have completed Placements 2024, many other top B-schools are yet to announce their placements. MBAUniverse.com presents the latest MBA Placements 2024 Updates.
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 years 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 Ahmedabad Completes 100% Final Placements 2024 for Flagship PGP in 3 Clusters, PGP Agribusiness placements completed in just 24 Hours!
IIM Ahmedabad has successfully completed its Final Placement Process 2024 for both flagship PGP program and PGP Food and Agribusiness (PGP-FABM). Firms from multiple domains participated across the 3 clusters in the Final Placements. Like in previous years, IIM Ahmedabad has not released financial and salary data as it undertakes a formal audit of all offers before publishing the numbers. IIM Ahmedabad PGP placements 2024 was spread over 3 clusters from February 6-12, 2024. Announcing completion of Placements 2024, Prof. Ankur Sinha, Chairperson of Placements at IIM Ahmedabad said: “Even in a tough year for the job market, IIMA saw a large number of recruiters participating in the placement process. The successful completion of the placement process within three cluster days is a testament to the high-quality learning experience at the institute and the robust placement process that provides adequate flexibility to both recruiters and students.” He added, “This year as well we saw an increase in the participation of firms and also the variety in job roles was higher.”
IM Calcutta Competes 100% Placements 2024; 464 Students Placed; Salary 2024 Statistics Not Revealed
IIM Calcutta has completed 100% placements for the flagship MBA programme for the 59th batch on February 19, 2024. About 464 students took part in the process, securing 529 offers from 194 companies. IIM Calcutta has not revealed salary statistics for Placements 2024. This years placements at IIM Calcutta saw the participation of many first-time recruiters like Jio Financial Services, Hero Fincorp, Yubi, Sobha Realty, Sirius AI, Husk Power Systems and DMI Finance. Nimruji Jammulamadaka, Chairperson, Placement Committee said, “Looking at the market conditions, we were ready for the long haul and focused on diversifying the recruiter base and building student resilience. We must say, the institute has been successful in this regard.”
XLRI Completes 100% Placements 2024; Average Salary dips by 8.6%
XLRI Jamshedpur has completed 100 percent placements for all 503 students of graduating 2022-24 class of PGDM (BM) and Two-year PGDM (HRM) programs from both XLRI Jamshedpur and XLRI Delhi NCR campuses. A total of 154 recruiters, included 65 new recruiters, participated in XLRI Placements 2024 making 519 domestic and 1 international offer. Against the backdrop of challenging market conditions, the average salary for XLRI Placements 2024 has dipped by 8.6%. Accenture Strategy, Amazon, Boston Consulting Group, HCL, HUL, Ola, PwC, Reliance and Tata Steel made the highest number of offers at XLRI Placements 2024.
SPJIMR Placements 2024: No increase in Average Salary (Rs 33 Lakhs) Amidst Challenging MBA Job Market
S.P. Jain Institute of Management and Research (SPJIMR) Mumbai has successfully completed its Final Placements for PGDM Class of 2024 amidst the global slowdown and associated impact on campus placements. While the highest salary at SPJIMR placements 2024 has gone up at Rs. 81 LPA, the average salary did not see increase from last year and remained at Rs. 33 LPA. The process saw 72 companies onboarded and rolling out speedy offers, reflecting the trust in the value-based leadership style of the MBA participants. FMCG, Consulting, BFSI, Tech emerged as the top recruiting sectors. On the successful completion of placements, Prof. Renuka Kamath, Associate Dean - Full Time Programmes, said, "Amid uncertain times, the support from our industry partners is invaluable to us. We appreciate their commitment in hiring SPJIMRs young talent who are not only industry ready, but also socially-conscious".
IIM Lucknow Placement 2024: Average Salary Dips at Rs. 30 LPA from Rs. 32.20 LPA
IIM Lucknow has completed 100% placement 2024 for the largest ever 38th PGP and PGP-ABM 2022-24 batch of 576 students. Average Salary goes down at Rs.30 LPA in 2024 from Rs.32.20 LPA last year. 250 recruiters participated in IIM Lucknow placement 2024 and made 634 offers. Consulting firms -- Accenture, Deloitte India, Boston Consulting Group (BCG), Pricewaterhouse Coopers (PwC), McKinsey and Company were among the top recruiters in IIM Lucknow final placements 2024.
IIM Indore Placements 2024: Average Salary Dips from Rs 30.21 LPA to Rs Rs 25.68 LPA; 100% Placements for 594 Students PGP and IPM Students Complete
Indian Institute of Management (IIM), Indore has successfully completed 100% Final Placement 2024 for its largest outgoing batch in the institutes 27 years history with 594 students from the two-year Post Graduate Programme (PGP) and five-year Integrated Programme in Management (IPM) received offers from 150+ recruiters. In line with the challenges posed due to unfavourable macroeconomic conditions, IIM Indore Placement 2024 show a dip in salary figures. About 50% of total placements were from Consulting sector (25%), and Management & HR function (25%).
IIM Bodh Gaya MBA Placement 2024: Achieves 100% Placement; Average Salary Dips; BFSI Sector Top Recruiter
IIM Bodh Gaya (IIM BG) has announced successful completion of final placements for the 2022-24 batch amidst a challenging job market. IIM Bodh Gaya has placed all 266 students in the graduating MBA class of 2024. However, the average salary at IIM BG Placements 2024 saw a dip compared to the previous year. Banking, Financial Services and Insurance (BFSI) sector has recruited largest number of students at IIM BG.
Above updates point to a tough MBA Placements 2024 season ahead. MBAUniverse.com will continue to update this page with latest trends. Continue reading this article for complete details of MBA Placements 2023.
If there is one factor that decides the popularity and rankings of a B-school, it is indeed Placements! So, its no surprise that when it comes to taking final admission decisions MBA aspirants want to analyse latest MBA placement trends. But sadly, this data is not available at a single place, and is often outdated. To solve this issue, MBAUnivese.com has prepared MBA Placements Report 2023 with latest details from all Top B-Schools in India. The report features latest data from 21 IIMs, FMS Delhi, IITs, XLRI, SPJIMR, MDI, IIFT and other top Business schools.
MBA Placements 2023 Trends
Lets start with the key trends from MBA Placements.
- 100% Placements achieved: Well, this goes without saying! All top B-schools in India have completed 100% placements with increase in average salary. Placements were completed in January, February at most B-schools.
- Average Salary varies significantly: Among the top B-schools placements 2023, there is huge deviation in average salary as it goes in the range of Rs.18 LPA to Rs.35 LPA. As such, the average salary of No.1 B-School is almost double to the No. 20 B-school in Placement 2023.
- Wide variance in Percentage Salary Increase: A big placement trend is that while the Average MBA Salary at some of the top B-schools like IIM Lucknow and IIM Indore has registered 10% to 20% rise, the average salary increase in most top B-schools is between 5 to 10% percent.
- New IIMs show big jump in salary: Although New IIMs do not have high average salary base like old IIMs, they have registered higher increase of 21 to 31% in average salary while old IIMs like IIM Calcutta, Kozhikode have registered moderate salary jump.
- Top Sectors in MBA Placements 2023: Consulting, IT/ITES and BFSI sector companies have hired largest number of MBAs in campus placements 2023.
- Top Roles & Profiles Offered in MBA Placements in India: Top roles offered in MBA placements 2023 are in the areas of Consulting, Analytics, General Management, Product Management, E-Commerce among others.
- IIM Ahmedabad Salary Data in October: IIM Ahmedabad conducted the entire process of Placement 2023 in Hybrid Mode in 3 days in three clusters and the students were placed in 23 cohorts. The students were provided the flexibility of making “dream” applications to firms of their choice in a subsequent cluster, even with an offer in hand IIMA Placement 2023 was over in February but the salary data will be released after 6 months with IPRS audit report
- Masters Union completes Cohort 2023 placements: Masters Union has announced strong placements for 2023 batch with average Salary of Rs 34.07 lakhs; McKinsey, Bain, BCG amongst top recruiters. Read more.
With this background, lets dive into the details presented by MBAUniverse.com.
Table of Content
- 1. MBA Placements 2023: India’s Top 10 B-schools
- 2. IIM Placements 2024
- 3. India’s Top 20 B-schools by Placements 2023
- 4. Top MBA Colleges in India, Ranked 21-50 by Placements 2023
- 5. MBA Placements 2023 at IIMs
- 6. Fastest Growing Top B-Schools by Placements in India
- 7. India’s Top 10 B-schools by Highest Salary
- 8. Placement 2023 not released by many Top B-Schools
- 9. MBA Placements 2023 in Top Colleges in India: Key Highlights
- 10. MBA Placements 2024 Report
- 1. MBA Placements 2023: India’s Top 10 B-schools
- 2. IIM Placements 2024
- 3. India’s Top 20 B-schools by Placements 2023
- 4. Top MBA Colleges in India, Ranked 21-50 by Placements 2023
- 5. MBA Placements 2023 at IIMs
- 6. Fastest Growing Top B-Schools by Placements in India
- 7. India’s Top 10 B-schools by Highest Salary
- 8. Placement 2023 not released by many Top B-Schools
- 9. MBA Placements 2023 in Top Colleges in India: Key Highlights
- 10. MBA Placements 2024 Report
1. MBA Placements 2023: India’s Top 10 B-schools
MBA Placements Report 2024 for top B schools as represented in the chart below shares the average salary for top B-schools. Although IIM Ahmedabad placements 2024 are over, it will release salary data after IPRS Audit later in September/October. Still based on its average salary of 2023, IIMA ranks high and is among the top 10 B-schools of India. IIM Bangalore is the top runner among top B-schools with highest average salary of Rs.35.31 LPA followed by IIM Calcutta with average salary of Rs.35.07 LPA and FMS Delhi with average salary of Rs.34.10 LPA in placement 2023. ISB, which reported high average salary of Rs.34.08 LPA in placement 2022, is yet to release its placement 2023 data.
Top 10 B-schools by Placements 2023 are…
Top 20 Colleges
|
B-school
|
MBA Average Salary 2022 (Rs. in Lakhs
|
MBA Average Salary 2023 (Rs. in Lakhs
|
MBA Average Salary
2024 (Rs. in Lakhs |
Percentage
Increase-Decrease |
|
33.82
|
35.31
|
35.92
|
2%
| |
|
IIM Calcutta
|
34.2
|
35.07
|
35.07
|
0%
|
|
FMS Delhi
|
32.4
|
34.1
|
--
|
|
|
ISB Hyderabad
|
34.08
|
34.21
|
--
|
|
|
IIM Ahmedabad
|
32.8
|
Awaited
|
After IPRS Audit in Oct 2024
|
|
|
Masters’ Union Gurugram
|
33.1
|
34.07
|
--
|
|
|
SPJIMR Mumbai
|
32.05
|
33.02
|
33
|
0%
|
|
XLRI Jamshedpur
|
30.07
|
32.7
|
29.89
|
-9% Drop
|
|
IIM Lucknow
|
31.03
|
32.2
|
30
|
-7% Drop
|
|
IIM Kozhikode
|
29.5
|
31.02
|
28.05
|
-10% Drop
|
|
IIM Indore
|
25.01
|
30.21
|
25.68
|
-15% Drop
|
|
IIFT Delhi & Kolkata
|
25.16
|
29.1
|
Not Completed
|
|
|
25.93
|
28.88
|
28.01
|
-3% Drop
| |
|
27.63
|
28.02
|
--
|
| |
|
MDI Gurgaon
|
26.65
|
27.67
|
25.5
|
-8% Drop
|
|
TISS Mumbai
|
23.97
|
27.22
|
--
|
|
|
IIM Shillong
|
23.1
|
26.96
|
26.1
|
-3% Drop
|
|
SIBM Pune
|
23.06
|
26.77
|
28.16
|
5%
|
|
NMIMS Mumbai
|
23.07
|
26.63
|
Not Completed
|
|
|
DMS IIT Delhi
|
21.9
|
25.82
|
Not Completed
|
|
2. IIM Placements 2024
2.1 IIM Placements 2024: First Generation IIMs (Old IIMs) Placements Status
First Generation IIMs (Old IIMs)
|
NIRF Ranking 2023
|
Old IIMs
|
Status of Placement 2024
|
Percentage Increase or Decrease in Average Salary
|
|
# 1
|
IIM Ahmedabad
|
Completed. Also Read.
|
Data will be released after IPRS Audit.
|
|
# 2
|
IIM Bangalore
|
Completed. Also Read.
|
1.7 % Increase
|
|
# 3
|
IIM Kozhikode
|
Completed. Also Read.
|
9.6 % Decrease
|
|
# 4
|
IIM Calcutta
|
Completed. Also Read.
|
No increase. Same as last year.
|
|
# 6
|
IIM Lucknow
|
Completed. Also Read.
|
6.8% Decrease
|
|
# 8
|
IIM Indore
|
Completed. Also Read.
|
15% Decrease
|
2.2 IIM Placements 2024: Second Generation IIMs (New IIMs) Placements Status
Second Generation IIMs (New IIMs)
|
NIRF Ranking 2023
|
New IIM
|
Status of Placement 2024
|
Percentage Increase-Decrease in Average Salary
|
|
# 11
|
IIM Raipur
|
Completed, Check IIM Raipur Placements 2024 Report.
|
6% Drop
|
|
# 12
|
IIM Rohtak
|
Completed, Check IIM Rohtak Placements 2024 Report.
|
3% Increase
|
|
# 16
|
IIM Udaipur
|
Incomplete
|
Not Completed
|
|
# 19
|
IIM Kashipur
|
Incomplete
|
Not Completed
|
|
# 22
|
IIM Tiruchirappalli
|
Completed, Check IIM Trichy Placements 2024 Report.
|
5% Drop
|
|
# 24
|
IIM Ranchi
|
Completed, Check IIM Ranchi Placements 2024 Report.
|
8% Increase
|
|
# 26
|
IIM Shillong
|
Completed, Check IIM Shillong Placements 2024 Report.
|
3% Drop
|
2.3 IIM Placements 2024: Third Generation IIMs (Baby IIMs) Placements Status
Third Generation IIMs (Baby IIMs)
|
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
|
Completed, Check IIM Sambalpur Placements 2024 Report.
|
-14% Drop
|
|
#43
|
IIM Nagpur
|
Completed, Check IIM Nagpur Placements 2024 Report.
|
-2.69% Drop
|
|
# 98
|
IIM Sirmaur
|
Not Completed
|
|
MBA Placements 2024: Top B-schools Non-IIM Non-IIT
|
B-school
|
MBA Average Salary 2024 (Rs. in Lakhs
|
Percentage Increase-Decrease
|
|
ISB Hyderabad
|
Incomplete
|
|
|
FMS Delhi
|
Incomplete
|
|
|
Masters’ Union Gurugram
|
Incomplete
|
|
|
SPJIMR Mumbai
|
Completed, Also Read
|
0%
|
|
XLRI Jamshedpur
|
Completed, Also Read
|
-9% Drop
|
|
IIFT Delhi & Kolkata
|
Incomplete
|
|
|
Incomplete
|
| |
|
MDI Gurgaon
|
Completed, Also Read
|
-8% Drop
|
|
TISS Mumbai
|
Incomplete
|
|
|
SIBM Pune
|
Completed, Also Read
|
5%
|
|
NMIMS Mumbai
|
Incomplete
|
|
|
BITSoM Mumbai
|
Incomplete
|
|
|
SCMHRD Pune
|
Incomplete
|
|
|
MICA Ahmedabad
|
Incomplete
|
|
|
XIM Bhubaneswar
|
Completed, Also Read
|
-2% Drop
|
|
IMT Ghaziabad
|
Incomplete
|
|
|
IMI New Delhi
|
Incomplete
|
|
|
K J Somaiya Institute of Management,
Mumbai |
Completed, Also Read
|
3%
|
|
IRMA Anand
|
Incomplete
|
|
|
GIM Goa
|
Incomplete
|
|
|
TAPMI Manipal
|
Completed, Also Read
|
-5% Drop
|
|
FORE New Delhi
|
Incomplete
|
|
|
Great Lakes Chennai
|
Completed, Also Read
|
4%
|
|
SDA Bocconi Asia Center, Mumbai
|
Incomplete
|
|
|
LBSIM New Delhi
|
Completed, Also Read
|
-1% Drop
|
Top B-schools Non-IIM Non-IIT
|
B-school
|
MBA Average Salary 2022 (Rs. in Lakhs
|
MBA Average Salary 2023 (Rs. in Lakhs
|
MBA Average Salary 2024 (Rs. in Lakhs
|
Percentage Increase-Decrease
|
|
ISB Hyderabad
|
34.08
|
34.21
|
--
|
|
|
FMS Delhi
|
32.4
|
34.1
|
--
|
|
|
Masters’ Union Gurugram
|
33.1
|
34.07
|
--
|
|
|
SPJIMR Mumbai
|
32.05
|
33.02
|
33
|
0%
|
|
XLRI Jamshedpur
|
30.07
|
32.7
|
29.89
|
-9%
|
|
IIFT Delhi & Kolkata
|
25.16
|
29.1
|
Not Completed
|
|
|
27.63
|
28.02
|
--
|
| |
|
MDI Gurgaon
|
26.65
|
27.67
|
25.5
|
-8%
|
|
TISS Mumbai
|
23.97
|
27.22
|
--
|
|
|
SIBM Pune
|
23.06
|
26.77
|
28.16
|
5%
|
|
NMIMS Mumbai
|
23.07
|
26.63
|
Not Completed
|
|
|
BITSoM Mumbai
|
--
|
23.85
|
--
|
|
|
SCMHRD Pune
|
20.4
|
23.83
|
--
|
|
|
MICA Ahmedabad
|
19.01
|
20.09
|
--
|
|
|
XIM Bhubaneswar
|
17.54
|
20.03
|
19.53
|
-2%
|
|
IMT Ghaziabad
|
15.28
|
17.35
|
Not Completed
|
|
|
IMI New Delhi
|
15.23
|
17.01
|
--
|
|
|
K J Somaiya Institute of Management, Mumbai
|
10.67
|
16.59
|
17.12
|
3%
|
|
IRMA Anand
|
14.33
|
15.5
|
--
|
|
|
GIM Goa
|
12.14
|
14.87
|
Not Completed
|
|
|
TAPMI Manipal
|
12.6
|
14.6
|
13.84
|
-5%
|
|
FORE New Delhi
|
14.04
|
14.5
|
--
|
|
|
Great Lakes Chennai
|
12.5
|
14.5
|
15.1
|
4%
|
|
SDA Bocconi Asia Center, Mumbai
|
13.74
|
14.3
|
Not Completed
|
|
|
LBSIM New Delhi
|
11.3
|
12.42
|
12.24
|
-1%
|
Above table is sorted by Average Salary Achieved in Placements 2023
MBA Placements 2024: IIT-B-schools
|
IITS
|
MBA Average Salary 2024 (Rs. in Lakhs
|
Percentage Increase-Decrease
|
|
Completed, Also Read
|
-3% Drop
| |
|
DMS IIT Delhi
|
Incomplete
|
|
|
DoMS-IIT Madras
|
Completed, Also Read
|
-16% Drop
|
3. India’s Top 20 B-schools by Placements 2023
MBA Salary 2023 in India in almost all the B-schools has gone up over last year. The IIM salary, ISB Salary, IIT MBA salary and other top MBA colleges salary has gone up in the range from 3 to 30 percent.
Key Trends in MBA Placements 2023 at Top B-Schools
- High Salary Increase B-schools: IIM Indore, IIM Shillong, IIM Udaipur, IIFT, IIM Rohtak, TISS, XIMB, Masters Union, IIT Bombay, IIT Delhi have recorded 11% to 20% increase in average salary this year
- Moderate Salary Increase B-schools: IIMs namely IIM Bangalore, IIM Calcutta, IIM Lucknow, IIM Kozhikode along with other top B-schools including FMS Delhi, XLRI, SPJIMR, MDI, MICA have witnessed a YoY growth of 2 to 6 percent in average salary this year.
- New Entrants in Top 20 B-schools list: Masters Union, BITSoM, IIM Rohtak, XIM Bhubaneswar have entered the elite club of top 20 B-schools by placements this year with their high average salary registered in placement 2023. Interestingly, the placements 2023 for the first MBA batch at BITSoM Mumbai has surprised many top B-schools with average salary registered at Rs. 23.85 LPA, which is higher than many long-established top MBA colleges including IIMs.
- IPRS Audit Standard in IIMs & Other Top B-Schools: Top IIMs including IIM Ahmedabad, Bangalore, Udaipur, Rohtak and other B-schools including XLRI, SIBM Pune, SPJIMR Mumbai follow IPRS standard in releasing their salary data. While IIM Ahmedabad and Bangalore release the placement data after IPRS audit, other B-schools release the data immediately after completion of Placements and update the same after the audit of placement reports.
Top 20 B-schools by Average Salary in Placements 2023
|
Top MBA College 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
|
|
FMS Delhi
|
Rs. 26.20 LPA
|
Rs. 32.40 LPA
|
Rs. 34.10 LPA
|
|
ISB Hyderabad
|
Rs. 28.21 LPA
|
Rs. 34.08 LPA
|
Rs. 34.21 LPA
|
|
IIM Ahmedabad
|
Rs. 27.54 LPA
|
Rs. 32.80 LPA
|
Awaited
|
|
Masters’ Union Gurugram
|
Rs 29.12 lakhs
|
Rs 33.1 lakhs
|
Rs 34.07 LPA
|
|
SPJIMR Mumbai
|
Rs. 26.06 LPA
|
Rs. 32.05 LPA
|
Rs. 33.02 LPA
|
|
XLRI Jamshedpur
|
Rs.25.08 LPA
|
Rs.30.07 LPA
|
Rs. 32.70 LPA
|
|
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
|
|
IIFT Delhi & Kolkata
|
Rs.21.08 LPA
|
Rs. 25.16 LPA
|
Rs. 29.10 LPA
|
|
Rs.21.96 LPA
|
Rs. 25.93 LPA
|
Rs. 28.88 LPA
| |
|
Rs.23.16 LPA
|
Rs. 27.63 LPA
|
Rs. 28.02 LPA
| |
|
MDI Gurgaon
|
Rs.23.15 LPA
|
Rs. 26.65 LPA
|
Rs. 27.67 LPA
|
|
TISS Mumbai
|
Rs.19.62 LPA
|
Rs. 23.97 LPA
|
Rs. 27.22 LPA
|
|
IIM Shillong
|
Rs.19.17 LPA
|
Rs. 23.10 LPA
|
Rs. 26.96 LPA
|
|
SIBM Pune
|
Rs.19.56 LPA
|
Rs.23.06 LPA
|
Rs. 26.77 LPA
|
|
NMIMS Mumbai
|
Rs.18.45 LPA
|
Rs. 23.07 LPA
|
Rs. 26.63 LPA
|
|
DMS IIT Delhi
|
Rs.18.50 LPA
|
Rs. 21.90 LPA
|
Rs. 25.82 LPA
|
Source: MBAUniverse.com Placement Report 2023 based on data released by B-Schools
4. Top MBA Colleges in India, Ranked 21-50 by Placements 2023
Top MBA colleges ranked as per the Average MBA Package in India as contained in the MBA Placement Report 2023 are as below:
|
MBA College
|
Average Salary 2021
|
Average Salary 2022
|
Average Salary 2023
|
|
BITSoM Mumbai
|
--
|
--
|
Rs. 23.85 LPA
|
|
SCMHRD Pune
|
Rs. 16.50 LPA
|
Rs. 20.40 LPA
|
Rs. 23.83 LPA
|
|
IIM Raipur
|
Rs. 15.11 LPA
|
Rs. 17.73 LPA
|
Rs. 21.04 LPA
|
|
IIM Tiruchirappalli
|
Rs. 14.85 LPA
|
Rs. 17.00 LPA
|
Rs. 20.55 LPA
|
|
IIM Udaipur
|
Rs. 13.42 LPA
|
Rs. 17.80 LPA
|
Rs. 20.32 LPA
|
|
DoMS-IIT Madras
|
Rs. 12.78 LPA
|
Rs. 16.66 LPA
|
Rs. 20.19 LPA
|
|
XIM Bhubaneswar
|
Rs. 15.15 LPA
|
Rs. 17.54 LPA
|
Rs. 20.03 LPA
|
|
MICA Ahmedabad
|
Rs. 14.01 LPA
|
Rs. 19.01 LPA
|
Rs. 20.09 LPA
|
|
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
|
|
IMT Ghaziabad
|
Rs. 12.42 LPA
|
Rs. 15.28 LPA
|
Rs. 17.35 LPA
|
|
IIM Ranchi
|
Rs. 14.69 LPA
|
Rs. 16.17 LPA
|
Rs. 17.30 LPA
|
|
IMI New Delhi
|
Rs. 12.77 LPA
|
Rs. 15.23 LPA
|
Rs. 17.01 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
|
|
IRMA Anand
|
Rs. 10.76 LPA
|
Rs.14.33 LPA
|
Rs. 15.50 LPA
|
|
Rs. 12.62 LPA
|
Rs.14.60 LPA
|
Rs. 15.47 LPA
| |
|
TAPMI Manipal
|
Rs. 11.10 LPA
|
Rs.12.60 LPA
|
Rs. 14.60 LPA
|
|
FORE New Delhi
|
Rs. 10.70 LPA
|
Rs.14.04 LPA
|
Rs. 14.50 LPA
|
|
Great Lakes Chennai
|
Rs. 11.00 LPA
|
Rs.12.50 LPA
|
Rs. 14.50 LPA
|
|
IIM Sirmaur
|
Rs. 9.60 LPA
|
Rs.12.74 LPA
|
Rs.14.45 LPA
|
|
SDA Bocconi Asia Center, Mumbai
|
Rs. 11.40 LPA
|
Rs.13.74 LPA
|
Rs. 14.30 LPA
|
|
GIM Goa
|
Rs. 10.71 LPA
|
Rs.12.14 LPA
|
Rs. 14.87 LPA
|
|
LBSIM New Delhi
|
Rs. 9.67 LPA
|
Rs.11.30 LPA
|
Rs. 12.42 LPA
|
|
K J Somaiya Institute of Management, Mumbai
|
Rs. 9.41 LPA
|
Rs.10.67 LPA
|
Rs. 12.23 LPA
|
Source: MBAUniverse.com Placement Report 2023 based on data released by IIMs, others
5. MBA Placements 2023 at IIMs
IIM MBA Placements 2023 have registered high packages and IIM Salary as released in their placement reports, has gone up in all the IIMs. Key trends in IIM Placements are as below:
- Old IIMs continue to dominate: Keeping their top positions intact, old IIMs have registered highest average salary in Placements 2023. While IIM Calcutta has registered highest average salary at Rs.35.07 LPA; IIM Lucknow is the next with average salary of Rs.32.20 LPA, closely followed by IIM Kozhikode with average salary at Rs.31.02 LPA and IIM Indore with average salary of Rs. 30.21 LPA. No other IIM has reached the Rs.30 LPA bar of average salary in placements.
- New IIMs Register Higher Percentage Salary Increase: Leaving behind the older siblings, new 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 Ahmedabad to Release Placement Data after IPRS Audit: IIM Ahmedabad follows IPRS standard and will release salary data after Audit in October, even after completing its placement 2023 as early as in February. IPRS initiative was taken by IIMs and other few top B-schools to release Placement data after Audit of Placement reports. IPRS standardizes the data on the placement reports more comparable and reliable.
|
MBA College
|
Average Salary 2021 (Rs. in Lakhs)
|
Average Salary 2022 (Rs. in Lakhs)
|
Average Salary 2023 (Rs. in Lakhs
|
|
Rs. 28.98 LPA
|
Rs. 33.82 LPA
|
Rs.35.31 LPA
| |
|
Rs. 29.00 LPA
|
Rs. 34.20 LPA
|
Rs.35.07 LPA
| |
|
Rs. 27.54 LPA
|
Rs. 32.80 LPA
|
Awaited
| |
|
Rs. 26.00 LPA
|
Rs. 31.03 LPA
|
Rs.32.20 LPA
| |
|
Rs. 22.53 LPA
|
Rs. 29.50 LPA
|
Rs.31.02 LPA
| |
|
Rs. 23.60 LPA
|
Rs. 25.01 LPA
|
Rs.30.21 LPA
| |
|
Rs. 19.17 LPA
|
Rs. 23.10 LPA
|
Rs.26.96 LPA
| |
|
Rs. 15.11 LPA
|
Rs. 17.73 LPA
|
Rs.21.04 LPA
| |
|
IIM Tiruchirappalli
|
Rs. 14.85 LPA
|
Rs. 17.00 LPA
|
Rs.20.55 LPA
|
|
IIM Udaipur
|
Rs. 13.42 LPA
|
Rs. 17.80 LPA
|
Rs.20.32 LPA
|
|
IIM Rohtak
|
Rs. 13.74 LPA
|
Rs. 16.06 LPA
|
Rs.18.73 LPA
|
|
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
|
|
Rs. 12.68 LPA
|
Rs. 14.63 LPA
|
Rs.16.51 LPA
| |
|
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
|
|
Rs. 9.92 LPA
|
Rs. 12.36 LPA
|
Rs.16.00 LPA
| |
|
Rs. 12.62 LPA
|
Rs. 14.60 LPA
|
Rs. 15.47 LPA
| |
|
Rs. 9.60 LPA
|
Rs. 12.74 LPA
|
Rs. 14.45 LPA
|
Source: MBAUniverse.com Placement Report 2023 based on data released by B-Schools
6. Fastest Growing Top B-Schools by Placements in India
List of Top MBA colleges by placements changes year after year as per MBA Placements 2023 in Top Colleges in India based on Average MBA Package in India. It is not necessary that the average salary in these B School Placements is highest, but these are the top B-schools which have registered highest percentage increase in Average MBA Package in India in 2023 over last year. Key Trends in the fastest growing Top B-Schools Placement as per the MBA Salary in India in 2023 are as below.
- New IIMs Growing Faster than Old IIMs: The table below reflects that YoY percentage increase in placements at New IIMs is faster than old IIMs. The average MBA salary 2023 in top 5 IIMs namely IIM Ahmedabad, Bangalore, Calcutta, Kozhikode, has not increased as fast as in IIM Indore, Udaipur, Raipur, Rohtak and Shillong which are moving close to the average salary of IIM A,B,C,L.
- Many Non-IIMs Surpassing IIMs: XIMB, TISS, Masters’ Union, IITs, JBIMS, SIBM Pune, IMTG are also growing faster and are replacing many IIMs with high salary packages.
- Salary Increase Reflects Industry Readiness: The sharp increase in average salary is a good sign for MBA education as all the best B-schools are becoming global and are deploying all the efforts to enhance the students’ employability
Fastest Growing Top B-Schools in Placement 2023
|
Top MBA College by Average Salary
|
MBA Average Salary 2021
|
MBA Average Salary 2022
|
MBA Average Salary 2023
|
YoY Percentage Increase
|
|
IIM Sambalpur
|
Rs. 11.21 LPA
|
Rs. 12.64 LPA
|
Rs.16.64 LPA
|
+ 31.6%
|
|
Rs. 9.92 LPA
|
Rs. 12.36 LPA
|
Rs.16.0 LPA
|
+ 29.4%
| |
|
DoMS IIT Madras
|
Rs. 12.78 LPA
|
Rs. 16.66 LPA
|
Rs. 20.19 LPA
|
+ 21.19%
|
|
IIM Jammu
|
Rs. 10.34 LPA
|
Rs. 13.53 LPA
|
Rs.16.43 LPA
|
+ 21.4%
|
|
IIM Tiruchirappalli
|
Rs. 14.85 LPA
|
Rs. 17.00 LPA
|
Rs.20.55 LPA
|
+ 20.88%
|
|
IIM Indore
|
Rs. 23.60 LPA
|
Rs. 25.01 LPA
|
Rs.30.21 LPA
|
+ 20.8%
|
|
IIM Kashipur
|
Rs. 14.05 LPA
|
Rs. 15.21 LPA
|
Rs.18.11 LPA
|
+ 19.06%
|
|
IIM Raipur
|
Rs. 15.11 LPA
|
Rs. 17.73 LPA
|
Rs.21.04 LPA
|
+ 18.66%
|
|
DMS-IIT Delhi
|
Rs. 18.50 LPA
|
Rs. 21.90 LPA
|
Rs.25.82 LPA
|
+ 17.89%
|
|
SCMHRD Pune
|
Rs. 16.50 LPA
|
Rs. 20.40 LPA
|
Rs.23.83 LPA
|
+ 16.81%
|
|
IIM Shillong
|
Rs.19.17 LPA
|
Rs. 23.10 LPA
|
Rs. 26.96 LPA
|
+ 16.7%
|
|
IIM Rohtak
|
Rs.13.74 LPA
|
Rs.16.06 LPA
|
Rs.18.73 LPA
|
+ 16.6%
|
|
SIBM Pune
|
Rs.19.56 LPA
|
Rs.23.06 LPA
|
Rs.26.77 LPA
|
+ 16.08%
|
|
TAPMI Manipal
|
Rs.11.10 LPA
|
Rs.12.60 LPA
|
Rs.14.60 LPA
|
+ 15.9%
|
|
IIFT Delhi & Kolkata
|
Rs.21.08 LPA
|
Rs. 25.16 LPA
|
Rs. 29.10 LPA
|
+ 15.7%
|
|
Rs.18.45 LPA
|
Rs. 23.07 LPA
|
Rs. 26.63 LPA
|
+ 15.4%
| |
|
IIM Udaipur
|
Rs.13.42 LPA
|
Rs. 17.80 LPA
|
Rs. 20.32 LPA
|
+ 14.2%
|
|
XIM Bhubaneswar
|
Rs.15.15 LPA
|
Rs. 17.54 LPA
|
Rs. 20.03 LPA
|
+ 14.2%
|
|
IMT Ghaziabad
|
Rs.12.42 LPA
|
Rs. 15.28 LPA
|
Rs. 17.35 LPA
|
+ 14%
|
Source: MBAUniverse.com Placement Report 2023 based on data released by IIMs, IITs, NMIMS others
7. India’s Top 10 B-schools by Highest Salary
Highest salary offered at a campus often makes newspaper headlines. In the chart-2 below, the highest domestic salary registered by the B-schools in MBA placements 2023 is taken into account
Top 10 B-schools by Highest Salary
Top MBA Colleges by Highest Salary in Placements 2023
Top 10 MBA Colleges by Highest Salary in Placements 2023 are as below. 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 B-schools have not been included among the top MBA colleges by highest salary in 2023.
|
Top MBA College by Highest Salary
|
Highest Salary 2023
|
|
FMS Delhi Placements
|
Rs.1.23 Crore
|
|
IIM Indore Placements
|
Rs.1.14 Crore
|
|
SPJIMR Mumbai Placements
|
Rs.77.80 LPA
|
|
IIFT Delhi & Kolkata Placements
|
Rs.75.60 LPA
|
|
XIM Bhubaneswar Placements
|
Rs.71.50 LPA
|
|
IIM Shillong Placements
|
Rs.71.30 LPA
|
|
Rs.67.80 LPA
| |
|
IIM Raipur Placements
|
Rs.67.60 LPA
|
|
IIM Kozhikode Placements
|
Rs.67.02 LPA
|
|
MDI Gurgaon Placements
|
Rs.60.00 LPA
|
|
IIM Lucknow Placements
|
Rs.58.00 LPA
|
8. Placement 2023 not released by many Top B-Schools
The list of top B-schools by average salary in Placements 2023 is likely to change as many top B-schools placements reports 2023 with salary data are awaited and will be released soon. The previous placement data for 2021 and 2022 of some of these top B-schools are shared below:
Top B-Schools Placements 2023 Data Yet to be Released
|
MBA College
|
Average Salary 2021 (Rs. in Lakhs)
|
Average Salary 2022 (Rs. in Lakhs)
|
Average Salary 2023 (Rs. in Lakhs
|
Likely date of release of MBA Placement 2023 Salary Data
|
|
IIM Ahmedabad
|
Rs.27.54 LPA
|
Rs.32.80 LPA
|
Awaited
|
Expected in October 2023
|
|
NITIE Mumbai (Now IIM Mumbai)
|
Rs.19.50 LPA
|
Rs.25.40 LPA
|
Awaited
|
Coming Soon
|
9. MBA Placements 2023 in Top Colleges in India: Key Highlights
Let’s now review placements trends from each of the top B-schools in India.
9.1 IIM Ahmedabad Placements 2023: Key Highlights
IIM Ahmedabad has successfully completed the Final Placement process on February 20, 2023 for the MBA Class of 2023 with top companies participating in placement process. Firms from multiple domains participated across the three clusters in Final placements, with all students placed across 23 cohorts. IIM Ahmedabad will release the salary data for Placement 2023 after six months when the audit report as per IPRS standards will be released, the sources are of the view that both average and highest salary packages have gone up substantially. In last year placement 2022 IIM Ahmedabad registered highest domestic salary of Rs.61.49 LPA and highest international salary of US$140,599. Average domestic salary in Placement 2022 was Rs.32.80 LPA while average international salary in Placement 2022 was Rs.US$108,405
IIM Ahmedabad Final Placement 2023 Highlights
- IIM Ahmedabad conducted the entire process of Placement 2023 in Hybrid Mode in 3 days
- Firms from different sectors and geographies participated in the Placement process
- IIMA followed the dream campus concept in Placement process 2023 and got 106 dream applications in the cluster process
- Prominent sectors and domains in IIM Ahmedabad placement season 2023 included Consulting, Investment Banking, Conglomerate, Consumer Goods & services, Retail, BFSI, Private Equity, Venture Capital, Asset Management among others
- 188 Marquee companies participated in Placement 2023
- 280 Different Roles were offered to IIMA students
- 400+ students participated in placement 2023 and all were placed in 23 cohorts in 3 days across three clusters
- Student-recruiter fit Process with students upgrading their offers during the process
- McKinsey & Company with 34 offers emerged as the IIMA top recruiter followed by Boston Consulting Group with 33 offers
- IIM Ahmedabad witnessed many new recruiters like Essar Group, Javis, BLS International, Wells Fargo & Co among others who participated for the first time and made offers
- IIM Ahmedabad follows IPRS standards and Salary Data for Placement 2023 will be released after the IPRS Audit in September/October 2023 Read More
9.2 IIM Bangalore Placements 2023: Key Highlights
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.
- Average salary has gone up at Rs.35.31 LPA
- Median Salary has gone up at Rs.33 LPA
- Highest salary data not released by IIMB
- Placement 2023 at IIM Bangalore included both Lateral and Final Placements for the PGP and PGP-BA class of 2023.
- Top IIM recruiters in IIM Bangalore Placements 2023 include Accenture, Bain & Company, McKinsey, BCG, PwC, TCS, E&Y, Deloitte among others
IIM Bangalore Placements 2022 Highlights
- 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 IIM recruiters included Accenture, BCG, Kearney, Bain & Company, McKinsey, Microsoft, RPG Group, Goldman Sachs, Avendus Capital, EY, HUL among others Read More
9.3 IIM Calcutta Placements 2023: Key Highlights
Highly ranked and triple crowned IIM Calcutta has concluded its 100% final placement 2023 for its 58th batch of PGP (MBA) class 2023 with 573 offers made by prominent recruiters to the large batch of participating students. Consulting sector alone has claimed 40% share in placement 2023. Below are shared the key highlights of IIM Calcutta placements 2023:
IIM Calcutta Placements 2023 Highlights
- The whole placement process was concluded in a short time
- Achieves 100% placement for the class 2023 with more offers despite the large batch
- Average salary increased by 3% at Rs.35.07 LPA in Placement 2023 from Rs.34.20 LPA last year
- Median Salary has gone up by 9% at Rs. 33.67 LPA in Placement 2023 from Rs.31 LPA last year
- All time High Average Salary
- Average salary for Top 25% students goes up by 5% at Rs. 50.86 LPA in placement 2023 from Rs.48.39 LPA last year
- 573 offers were rolled out to the students from the prominent recruiters
- 41% Batch got Placed in Consulting domain
- Finance & Consulting together have 56% share in Placement 2023
- Top IIM Recruiters include Accenture, Amazon, BCG, Goldman Sachs, McKinsey, EY, Bain & Co, Aditya Birla Group among others Read more
9.4 IIM Kozhikode Placements 2023: Key Highlights
IIM Kozhikode has completed 100% placements 2023 for its three programmes - PGP, PGP-Finance and PGP-Liberal Studies and Management. In total, 559 offers were made by 123 recruiters. IIM Kozhikode Recruiting Companies in Consulting sector made maximum number of offers. Many new recruiters like Aditya Birla Group, MakeMyTrip and Mercedes Benz hired for the first time at IIMK.
IIM Kozhikode Placements 2023 Highlights
- 100% Placements Completed for the large batch
- IIM Kozhikode Average Package 2023 is up at Rs. 31.02 LPA from Rs.29.5 LPA last year
- Median salary is up at Rs.27 LPA from Rs.26.50 LPA last year
- Highest Salary in IIMK Placement 2023 is Rs.67.02 LPA offered by a company from the IT sector.
- 559 offers were rolled out by 123 companies
- 36 new recruiters like Aditya Birla Group, MakeMyTrip and Mercedes Benz hired for the first time
- Consulting recorded 33% offers and emerged as the largest recruiting sector
- Top IIM Recruiters included Accenture, Bain & Company, Boston Consulting Group, Deloitte, Everest Group, Experian, EY, KPMG, PwC, RedSeer, Synergy Consulting Read more
9.5 FMS Delhi Placements 2023: Key Highlights
FMS Delhi final Placement 2023 has concluded 100% placements 2023 with its student getting Rs.1.23 Crore LPA highest domestic salary and average salary shooting up at Rs.34.10 LPA this year from Rs.32.40 LPA last year. 97% of the placement offers were above 20 LPA. The BFSI sector saw a significant rise in the number of offers made, with a 19% increase compared to the previous year. Key highlights are:
FMS Delhi Placement 2023 Highlights
- 100% placements for MBA 2021-23 Batch
- Average Salary goes up all time high at Rs.34.1 LPA in Placement 2023 from Rs.32.4 LPA last year
- Overall Median Salary increased at Rs.31 LPA from Rs.30 LPA last year
- Average Salary for the top 10% of the batch goes up at Rs.68.16 LPA
- Average Salary for the top 25% of the batch goes up at Rs.51.67 LPA from Rs 48.4 LPA last year
- Average Salary for the top 50% of the batch goes up at Rs.43.03 LPA from Rs.40.78 LPA last year
- Highest Domestic Salary goes up at Rs.1.23 Crore
- 97% of the offers made were above 20 LPA
- 19% rise in the number of offers made in the BFSI sector.
- 269 Students out of 273 participated in Placement process 2023
- 4 Students opted out for Placement Holiday to pursue Entrepreneurship
- FMS Delhi MBA 2021-23 Batch comprises 126 freshers and 147 are with work experience upto 37+ months
- 27% offers were made in Consulting Domain
- No of Offers made: 283
- No of Pre-Placement Offers made (PPOs): 109
- No of Pre-Placement Offers (PPOs) accepted: 108
- No of companies confirming participation: 110
- No of companies invited for FMS Delhi Placements 2023: 80
- Top recruiters include Accenture, Amazon, Bain & Co, BCG, ITC, Kearney, Microsoft, KPMG, EY, HUL, Axis Bank among others Read more
9.6 Masters’ Union Gurugram PGP TBM Placement 2023 Report Highlights
- The average CTC is Rs 34.07 lakhs, the median is Rs 32.18 lakhs, while the highest stood at Rs 57 lakhs. These salary figures represent a marginal increase in over the last year.
- About 20% of Masters’ Union students will join in Founder's Office roles at companies like Zerodha and Unacademy.
- Consulting firms (BCG, Avalon, PWC), large financial institutions (Citi, Aditya Birla Capital, JM Financial), large tech companies (CISCO, AMD, ServiceNow), top startups (CRED, Zomato, Zepto) are key recruiters.
- At BCG, Masters’ Union witnessed a PPO conversion rate of 75%, which is among the highest in the country Read more.
9.7 IIM Lucknow Placements 2023: Key Highlights
IIM Lucknow has completed 100% placement 2023 for the largest ever 37th PGP and PGP-ABM 2021-23 batch of 556 students with highest ever average salary and has broken its own record in achieving new heights in placements. 200 recruiters participated in IIM Lucknow placement 2023 and made 632 offers. Consulting firms -- Accenture, Deloitte India, Boston Consulting Group (BCG), Pricewaterhouse Coopers (PwC), and McKinsey and Company emerged as the top recruiters in IIM Lucknow final placements 2023. Key highlights are:
IIM Lucknow Placement 2023 Highlights
- Average Salary has gone up at Rs.32.20 LPA in placement 2023 from Rs.31.03 LPA last year
- Highest domestic salary has gone down at Rs.55 LPA from Rs.58 LPA last year
- Highest International Salary in Placement 2023 has gone up at Rs.65 LPA from Rs.61.59 LPA last year
- Batch of 556 students got 632 placement offers by 200 marquee recruiters
- Consulting Companies Accenture, Deloitte, BCG, PwC, McKinsey emerged as top recruiters with 122 offers
- Top IIM recruiters included Aditya Birla Group, Accenture, BCG, Deloitte, EY, Kearney, KPMG, McKinsey, Microsoft, PwC, ITC, HUL, among others. Read More
9.8 IIM Indore Placements 2023: Key Highlights
IIM Indore has successfully completed 100% final placement 2023 for its large batch of 568 participating students from the 2 Year flagship Post Graduate Program (PGP) 2021-23 and 5-year Integrated Program in Management (IPM) 2018-23 program. Despite the challenges posed due to unfavourable macroeconomic conditions, IIM Indore placement season 2023 witnessed an overwhelming success, with over 160 recruiters rolling out offers to 568 students. Key Placement highlights are:
IIM Indore Placement 2023 Highlights
- Achieves again 100% Placement for the large batch of 568 students
- IIM Indore conducted Placement 2023 both for 2 Years PGP and 5 years IPM batch
- Highest Domestic Salary has broken previous records with 132.6% rise
- In Placement 2023, Highest Domestic Salary has gone up at Rs.1.14 Cr Per Annum from Rs.49 LPA last year
- Average Salary goes up by 20.8% at Rs.30.21 LPA in Placement 2023, from Rs.25.01 LPA last year
- Median Salary in Placement 2023 has gone up by 12.9% at Rs.27.20 LPA from Rs.24.09 LPA last year
- 160 Recruiters including 80 first time recruiters participated in Placement 2023
- Consulting with 29% offers emerged as top Recruiting domain
- Top IIM Recruiters 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 Read More
9.9 XLRI Placements 2023: Key Highlights
XLRI Jamshedpur has yet again broken all its past placement records and has continued with its legacy of achieving the higher placement packages for its students, resulting in rising average, median and highest salary in Placements 2023. XLRI Jamshedpur student has been offered the highest international package of Rs.1.1 Crore for the HR domain while the highest domestic package has gone up at Rs. 78.2 LPA offered by ITES sector. Accenture Strategy, Amazon, Bain and Company, Boston Consulting Group, HUL, ITC, PwC made the highest number of offers to XLRI students in Placement 2023. Key placement highlights are:
XLRI Final Placements 2023: Key Highlights
- Placement 2023 was concluded in just one day
- Average salary saw 6.5% increase at Rs.32.7 LPA this year from Rs.30.7 LPA last year
- Highest International Salary has gone up at Rs.1.1 Crore
- Highest Domestic Salary has gone up at Rs.78.2 LPA this year from Rs.75 LPA last year
- Median salary in 2023 goes up at Rs.30 LPA this year from Rs.26.28 LPA last year
- Top 10% Average Salary stood at Rs.57.7 LPA
- Top 25% Average Salary stood at Rs. 46.8 LPA
- PPOs were offered to 43.8% students based on their performance in Summer Internships
- 117 Recruiters participated in Placements 2023
- 30 New Recruiters participated in XLRI Placement 2023
- The top domains offering roles were Consulting, Sales & Marketing and BFSI
- 487 offers including 3 International offers were made to 463 students
- Top Recruiters included Accenture Strategy, Amazon, Bain and Company, Boston Consulting Group, HUL, ITC, Paytm, PwC among others Read more
9.10 SPJIMR Mumbai Placements 2023: Key Highlights
Bharatiya Vidya Bhavan's S.P. Jain Institute of Management and Research, Mumbai has completed its Final Placements for PGDM Class of 2023 in a record number of process days with higher salary packages. SPJIMR's MBA placement for PGDM 2021-23 batch solidified its strong relationship with the corporate sector. The process saw 63 companies onboarded and rolling out speedy offers, reflecting the trust in the value-based leadership style of the MBA participants. Key placement highlights are
SPJIMR Placements 2023 Highlights
- Average Salary: Rs.33.02 LPA (3% increase compared to last year)
- Highest Salary: Rs.77.8 LPA (46% increase compared to last year)
- Median Salary: Rs.32.89 LPA (9% increase compared to last year)
- PGDM 2021-23 Batch Size: 237
- Number of participating companies: 63
- Number of first-time recruiters: 33
- Total Number of Pre-Placement Offers (PPOs): 112
- Top Recruiting Sector: FMCG with 35% offers
- Top Recruiters include Accenture, BCG, HUL, Godrej, ITC, KPMG, P&G, Deloitte, EY, Kearney, KPMG, PwC, Colgate-Palmolive, Nestle,Barclays, Edelweiss, Cisco, Tata Digital, Aditya Birla Group, Capgemini, TAS among others Read More
9.11 MDI Gurgaon Placements 2023: Key Highlights
MDI Gurgaon, one of the premier B-schools in India concluded its placement 2023 for the batch 2021-2023 with higher salary packages for the large batch of 472 students comprising 238 students from PGDM, 120 students from PGDM-HRM and 114 students from PGDM-IB Program. 102 Companies with 21 new companies participated in MDI Gurgaon Placement process 2023 and made offers to the large batch of students. Highest salary of Rs.60 LPA was offered in Consulting sector. Key placement highlights are:
MDI Gurgaon Final Placement 2023 Highlights
- 100% Placement for the large batch of 472 students
- Median Salary up by 11.19% at Rs.26.13 LPA from Rs. 23.50 LPA last year
- Average Salary for PGDM & PGDM IB is Up at Rs.27.67 LPA from Rs.26.65 LPA last year
- Average Salary for PGDM-HRM is up at Rs. 26.42 LPA from Rs.23.80 LPA in 2022
- Highest Salary in 2023 stood at Rs.60 LPA offered in Consulting Sector
- Number of PPOs go up at 154 in 2023 from 131 last year
- 102 Companies participated in Placement 2023 as against 87 last year
- 21 are the First time Recruiters
- Maximum offers made by a single Company: 55
- Average Salary for Top 10 Percentile: Rs.43.02 LPA
- Average Salary for Top 25 Percentile: Rs.37.04 LPA
- Average Salary for Top 50 Percentile: Rs.32.39 LPA
- Top Recruiters in Placement 2023 included Amazon, Accenture, Deloitte, PwC, ICICI Bank, Aditya Birla Group, Godrej, Goldman Sachs among others
- Consulting & General Management domain rolled out maximum number of 205 offers Read More
9.12 IIFT Delhi & Kolkata Placements 2023: Key Highlights
Indian Institute of Foreign Trade, (IIFT), a deemed university and leading autonomous B-school under the aegis of Ministry of Commerce, Govt. of India and having campuses at Delhi, and Kolkata, has completed 100% final Placements 2023 for the graduating MBA (IB) 2021-23 batch with a 16% rise in average salary which has gone up at Rs.29.10 LPA from Rs.25.16 LPA last year. Key placement highlights are:
IIFT Placement 2023 Highlights
- Completes 100% Placements
- Average Salary up by 16% at Rs.29.10 LPA from Rs.25.16 LPA last year
- Median Salary goes up to Rs.26.5 LPA from Rs.24 LPA last year
- Highest Domestic Salary has gone up by 62% at Rs.75.6 LPA from Rs.46.50 LPA last year
- The Highest International Salary stood at Rs 85.40 LPA
- Average salary for Top 25% students increased at Rs. 46.9 LPA from Rs.34.3 LPA last year
- Total Recruiters in Placements 2023 in creased to 108 from 82 last year
- Sales & Marketing emerges as the top recruiting domain with 22% offers
- Top Recruiters include Accenture Strategy, Deloitte Consulting, EY, Infosys, EXL, Mckinsey, Reliance, Godrej, Goldman Sachs, Google, ITC, JP Morgan Chase & Co, L’Oréal, Microsoft, Shangrila, Tata Steel, Trafigura, Wipro, ZS Associates, Dell Technologies, Citibank, Crisil, DE Shaw, HDFC Bank, HSBC Read More
9.13 SJMSoM IIT Bombay Placements 2023: Key Highlights
Shailesh J. Mehta School of Management (SJMSOM) – IIT Bombay has completed Final Placement 2023 for its MBA 2021-23 batch with 11% increase in average salary proving wrong the myths of economic slow down. This year female student has received the highest salary while the average salary for female students is higher than the average salary for the overall batch. Key Placement highlights are:
SJMSOM IIT Bombay MBA Placement 2023 Highlights
- Achieves 100% Placement for MBA 2021-23 batch
- Average Salary increased by 11% to Rs.28.88 LPA from Rs.25.93 LPA last year
- Highest salary goes up at Rs.54 LPA from Rs.49 LPA last year
- Median Salary increased to Rs.26.64 LPA from Rs. 25.80 LPA last year
- Lowest salary in placements 2023 was Rs.20 LPA
- Batch size: 115 Students
- 50% Batch received PPOs
- Average Salary for Top 25% Batch: Rs.40.80 LPA
- Average Salary for top 50%: Rs.34.58 LPA
- Average Salary for Top 75% Batch: Rs. 31.41 LPA
- Average salary for female students: Rs.29.35 LPA
- Average work experience of the batch: 19 months
- Top Recruiting domains: FMCG/FMCD, Conglomerate with 48% Students Getting Placements
- Top IIT Recruiters include Accenture, Amazon, PwC, Deloitte, EXL, HCL, Wipro among others Read More
Check Top MBA Colleges in India & Compare by Ranking, Fee, Placements
9.14 NMIMS Mumbai MBA Placements 2023
NMIMS Mumbai MBA batch witnessed a successful placement season with Industry stalwarts participating in the Summer and Final placements of the MBA and MBA HR programs. Some of the biggest corporates offered coveted roles across sectors in large numbers. Final Placements 2023 saw the college achieving yet again 100% placement. NMIMS witnessed the highest salary of INR 67.80 LPA and average salary of Rs.26.63 LPA in Placement 2023
NMIMS Mumbai MBA Placements 2023: Key Highlights
Following are some of the key highlights of NMIMS MBA Placements 2023:
- Percentage of Students Placed: 100%
- Highest Salary: Rs.67.80 Lakhs Per Annum
- Average Salary: Rs.26.63 Lakhs Per Annum
- Top 10% Average Salary: Rs.40.41 Lakhs Per Annum
- Top 40% Average Salary: Rs.32.53 Lakhs Per Annum
- PPOs Offered: 36% of the Batch placed through PPOs
- Total Recruiters: 148
- New Recruiters: 52
- Fortune 500 Companies that Participated in NMIMS MBA Placements 2023: 84
- Top Recruiters in NMIMS Placements 2023: Aditya Birla, Cognizant, Axis Bank, Accenture, EY, KPMG, PwC, IBM, Microsoft, Goldman Sachs, JP Morgan, Bank of America, Credit Suisse, Google, Amazon, Crisil, McKinsey among others Read More
10. MBA Placements 2024 Report
MBA Placements 2024 is not the same smooth affair for IIMs and other top B-schools as it used to be. While in past placements were merely a few weeks affair that ended in December, for MBA Placements 2024, even by end of January 2024, IIMs have not announced their placements. Same is the case with XLRI, MDI, SPJIMR and other B-schools.
- IIM Lucknow Placements 2024 Update: A WhatsApp message, supposedly sent by the Indian Institute of Management Lucknow (IIM L) to an alumni group seeking assistance in placing 72 students from the graduating batch, went viral on social media in last week of January, 2023. Sharing a message received, a user wrote on Twitter: “IIM Lucknow is reaching out to alumni to help them with placements. It is ‘crucial to maintain the legacy of IIM Lucknow’s 100 per cent placement record’. It isn’t about 5-10 people but 72 candidates at IIM L do not have a job. Imagine the status at other B-schools.” MBAUniverse.com could not verify this information at the time of writing this post. IIM L is yet to announce its Placements 2024.
- IIM Kozhikode Placements 2024 Update: In an article published on February 1, 2024, Business Standard informed that at IIM-Kozhikode (IIM-K), “75-80 students are yet to land jobs.” “The placement programme, which began over a month earlier, is in contrast with previous years when the sessions were completed within a week. Sources added that there were students who had not been placed during the internships,” wrote BS.
- IIM Bangalore Placements 2024 Update: Indian Institute of Management Bangalore (IIM B) has successfully concluded Summer Internship Placements for its largest-ever batch of Post Graduate Programme in Management (PGP) and Post Graduate Programme in Business Analytics (PGP-BA). A total of 602 students were placed for the summer, including 22 students with disabilities. It is important to note that IIM B Summer Placements were formally held from November 6 to 11 and saw 484 students (437 PGP and 47 PGP-BA) getting placed during this week. Additional 115 students (89 PGP and 26 PGP-BA) were placed in a subsequent “rolling placement process.” Additionally, three PGP students secured summer internships through individual efforts.
Above updates point to a tough MBA Placements 2024 season ahead. MBAUniverse.com will continue to update this page with latest trends. Continue reading this article for complete details of MBA Placements 2023
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