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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.
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.
IIM Nagpur Placement 2024: Key Highlights
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:
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
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.
