IIM holds a reputed position for offering excellent placement opportunities to its students across top national and international companies. The IIM placements drive indicates academic excellence, job market and industry connections. As per past placements statistics, the IIM average package typically ranges between INR 22-25 LPA and the salary packages of the newer IIMs are somewhere between INR 11-20 LPA. Over the past years, the highest salary package at the top IIMs- A, B, and C have been reached up to INR 1 crore in CTC. Some top companies participating in IIM placements are Tech Mahindra, ICICI Bank, Adani, Adobe, Amazon, BMW, PwC, Cognizant, Airtel, Accenture, etc.
IIM Placements is an essential aspect for students enrolled in the MBA programs. It consistently draws top recruiters from different sectors such as consulting, finance, technology, marketing, and operations. Presently, there are a total of 21 IIMs across the country. The placement process of IIM is generally divided into phases, like summer internships offered to first-year students and final placements arranged for those about to graduate. Candidates aspiring for admission to management programs at IIM must check their past placement records and statistics to make an informed decision. To help, we have compiled below the average, median, and highest packages during IIM placements over the past years.
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IIM Placement Report
Every year, IIM conducts placements for the MBA/PGP batch between the month of December and February, and then publish their final placements report for the departing batch between January and July. At the top IIMs, A, B, and C, the highest salary offers ranged from INR 70 lakh to INR 1 crore as CTC. Typical international compensation packages start at INR 60 lakh. Check the year wise IIM placements here.
IIM Ahmedabad Placements
Have a look at the average, median and highest salary package for IIM Ahmedabad placements over the past years tabulated below:
| Year | Average IIM Placement Package | Median Package | Highest Package |
| 2023 | INR 34.45 LPA | INR 31.58 LPA | INR 1.46 crore per annum |
| 2022 | INR 32.79 LPA | INR 31.49 LPA | INR 61.48 LPA |
| 2021 | INR 27.54 LPA | INR 27.6 LPA | INR 55 LPA |
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IIM Bangalore Placements
Have a look at the average, median and highest salary package for IIM Bangalore placements over the past years tabulated below:
| Year | Average Package | Median IIM Placements Package | Highest Salary |
| 2024 | INR 35.92 LPA | INR 32.50 LPA | – |
| 2023 | INR 35.31 LPA | INR 33 LPA | – |
| 2022 | INR 33.82 LPA | INR 31.20 LPA | – |
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IIM Calcutta Placements
Have a look at the average, median and highest salary package for IIM Calcutta placements over the past years tabulated below:
| Year | Average IIM Placements Package | Median Package | Highest Salary |
| 2023 | INR 35.07 LPA | INR 33.67 LPA | INR 1.15 Crore Per Annum (Domestic) |
| 2022 | INR 34.20 LPA | INR 31 LPA | – |
| 2021 | INR 2,928,138.00 | INR 2,767,000 | – |
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IIM Kozhikode Placements
Have a look at the average, median and highest salary package for IIM Kozhikode placements over the past years tabulated below:
| Year | Average IIM Placements Package | Median Package | Highest Salary |
| 2024 | INR 28.05 LPA | INR 27 LPA | INR 72.02 LPA |
| 2023 | INR 31.02 LPA | INR 27 LPA | INR 67.02 LPA |
| 2022 | INR 29.5 LPA | INR 26.5 LPA | INR 61.5 LPA |
IIM Indore Placements
Let’s discuss the average, median and highest salary packages for IIM Indore placements over the past years, shared below:
| Year | Average Package | Median IIM Placements Package | Highest Salary |
| 2024 | INR 25.68 LPA | – | 1 Crore Per Annum |
| 2023 | INR 30.21 LPA | INR 27.2 LPA | INR 1.14 Cr Per Annum |
| 2022 | INR 25.01 LPA | INR 24.08 LPA | INR 49 LPA |
IIM Tiruchirappalli Placements
Have a look at the average, median and highest salary package for IIM Tiruchirappalli placements over the past years tabulated below:
| Year | Average IIM Placements Package | Median Package | Highest Salary |
| 2024 | INR 19.43 LPA | INR 18.24 LPA | INR 43.69 LPA |
| 2023 | INR 20.55 LPA | INR 19.50 LPA | INR 41.61 LPA |
| 2022 | INR 17.01 LPA | INR 16 LPA | INR 34 LPA |
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IIM Udaipur Placements
Let’s discuss the average, median and highest salary packages for IIM Udaipur placements over the past years, shared below:
| Year | Average IIM Placements Package | Median Package | Highest Salary |
| 2024 | Rs 18.77 lakhs per annum | INR 18 LPA | INR 47.66 LPA |
| 2023 | Rs 20.09 lakhs per annum | – | INR 46.77 LPA |
| 2022 | Rs 17.82 lakhs per annum | – | INR 35.94 LPA |
IIM Visakhapatnam Placements
Have a look at the average, median and highest salary package for IIM Visakhapatnam placements over the past years tabulated below:
| Year | Average IIM Placements Package | Median Package | Highest Salary |
| 2024 | INR 15.61 LPA | INR 15.50 LPA | INR 43.25 LPA |
| 2023 | INR 16.61 LPA | INR 16 LPA | INR 32.65 LPA |
| 2022 | INR 15.06 LPA | INR 15.46 LPA | INR 31.06 LPA |
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IIM Amritsar Placements
Let’s discuss the average, median and highest salary packages for IIM Amritsar placements over the past years shared below:
| Year | Average Package | Median IIM Placements Package | Highest Salary |
| 2024 | INR 19.73 LPA (Top Quartile) | INR 18.01 LPA (Top Quartile) | INR 28 LPA (Domestic) |
| 2023 | INR 16.51 LPA | INR 16 LPA | INR 36.25 LPA |
| 2022 | INR 14.63 LPA | INR 13.54 LPA | INR 25.21 LPA |
IIM Bodh Gaya Placements
Let’s discuss the average, median and highest salary packages for IIM Bodhy Gaya placements over the past years, shared below:
| Year | Average Package | Median IIM Placements Package | Highest Salary |
| 2024 | INR 13.73 LPA | INR 13.5 LPA | INR 32.5 LPA |
| 2023 | INR 14.96 LPA | INR 16 LPA | INR 48.58 LPA |
| 2022 | INR 12.01 LPA | INR 11.68 LPA | INR 23.83 LPA |
IIM Jammu Placements
Have a look at the average, median and highest salary package for IIM Jammu placements over the past years tabulated below:
| Year | Average IIM Placements Package | Median Package | Highest Salary |
| 2024 | INR 15.48 LPA | INR 15 LPA | INR 31.75 LPA |
| 2023 | INR 16.43 LPA | INR 15.25 LPA | INR 64 LPA |
IIM Lucknow Placements
Let’s discuss the average, median and highest salary packages for IIM Lucknow placements over the past years, shared below:
| Year | Average IIM Placements Package | Median Package | Highest Salary |
| 2024 | INR 30 LPA | INR 27 LPA | INR 1.23 Crore Per Annum |
| 2023 | INR 32.23 LPA | INR 30 LPA | INR 1 Crore Per Annum |
| 2022 | INR 31.03 LPA | INR 29 LPA | INR 58 LPA |
IIM Kashipur Placements
Let’s discuss the average, median and highest salary packages for IIM Kashipur placements over the past years, shared below:
| Year | Average IIM Placements Package | Median Package | Highest Salary |
| 2024 | INR 15.04 LPA | INR 15.03 LPA | INR 29.86 LPA |
| 2023 | INR 18.1 LPA | INR 17.2 LPA | INR 37 LPA |
| 2022 | INR 15.21 LPA | INR 14.82 LPA | INR 28.82 LPA |
IIM Mumbai Placements
Have a look at the average, median and highest salary package for IIM Mumbai placements over the past years tabulated below:
| Year | Average IIM Placements Package | Median Package | Highest Salary |
| 2024 | INR 47.29 LPA (Top 10% of the batch) | – | INR 54 LPA |
| 2022 | INR 25.4 LPA | INR 22 LPA | INR 49 LPA |
IIM Nagpur Placements
Let’s discuss the average, median and highest salary packages for IIM Nagpur placements over the past years, shared below:
| Year | Average IIM Placements Package | Median Package | Highest Salary |
| 2024 | INR 16,29,241 | INR 16 LPA | INR 38.40 LPA |
| 2023 | INR 16.74 LPA | INR 16.85 LPA | INR 64 LPA |
| 2022 | INR 14,69,000 | INR 15 LPA | – |
IIM Raipur Placements
Have a look at the average, median and highest salary package for IIM Raipur placements over the past years tabulated below:
| Year | Average IIM Placements Package | Median Package | Highest Salary |
| 2024 | INR 18.15 LPA | – | INR 42.29 LPA |
| 2023 | INR 21.04 LPA | INR 20 LPA | INR 67.60 LPA |
| 2022 | INR 17.73 LPA | INR 16.95 LPA | INR 42.15 LPA |
IIM Ranchi Placements
Let’s discuss the average, median and highest salary packages for IIM Ranchi placements over the past years, shared below:
| Year | Average IIM Placements Package | Median Package | Highest Salary |
| 2024 | INR 19.24 LPA | INR 20.85 LPA | INR 50.39 LPA |
| 2023 | INR 18.69 LPA | INR 20.09 LPA | INR 37.8 LPA |
| 2022 | INR 17.3 LPA | INR 19.33 LPA | INR 35.5 LPA |
IIM Rohtak Placements
Have a look at the average, median and highest salary package for IIM Rohtak placements over the past years tabulated below:
| Year | Average IIM Placements Package | Median Package | Highest Salary |
| 2024 | INR 19.27 LPA | INR 17 LPA | INR 48.25 LPA |
| 2023 | INR 18.73 LPA | INR 17.5 LPA | INR 36 LPA |
| 2022 | INR 16.06 LPA | INR 15 LPA | INR 32 LPA |
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IIM Sambalpur Placements
Let’s discuss the average, median and highest salary packages for IIM Sambalpur placements over the past years, shared below:
| Year | Average IIM Placements Package | Median Package | Highest Salary |
| 2024 | INR 14,21,442 | INR 13.15 LPA | INR 23.5 LPA |
| 2023 | INR 16,63,650 | INR 16 LPA | INR 64,61,060 |
| 2022 | INR 13.20 LPA | INR 12.42 LPA | INR 30 LPA |
IIM Shillong Placements
Have a look at the average, median and highest salary package for IIM Shillong placements over the past years tabulated below:
| Year | Average IIM Placements Package | Median Package | Highest Salary |
| 2024 | INR 26.10 LPA | INR 25.67 LPA | INR 71.50 LPA |
| 2023 | INR 26.96 LPA | INR 26.09 LPA | INR 71.30 LPA |
| 2022 | INR 23.10 LPA | INR 22.28 LPA | INR 55.22 LPA |
IIM Sirmaur Placements
Let’s discuss the average, median and highest salary packages for IIM Sirmaur placements over the past years, shared below:
| Year | Average IIM Placements Package | Median Package | Highest Salary |
| 2024 | INR 13.93 LPA | INR 12.49 LPA | – |
| 2023 | INR 14.45 LPA | INR 13 LPA | INR 64.12 LPA |
| 2022 | INR 12.74 LPA | INR 12.23 LPA | INR 26.5 LPA |
IIM Placement Process
The IIM Placement Process has three types of placements:
1. Summer Placements
The summer placements are planned so that companies can hire students for internships in April and May. Additionally, this creates a platform for receiving pre-placement offers (PPOs). The summer placements take place over the course of four to five days in March. A complex set of guidelines for both recruiters and students govern this procedure.
2. Lateral Placements
IIMs hold lateral placements, which are open to two-year MBA/PGP students with work experience of certain months depending on the colleges (e.g., 10 months at IIM Calcutta). It takes place a few months before the final placements.
3. Final Placements
With a few minor exceptions here and there, the final IIM placements, which occured in February or March, is essentially the same. IIM Ahmedabad, for instance, uses a cohort-based method rather than a day-based system. Recruiters can evaluate individuals in groups based on niche or skill using the cohort-based system over a longer period of time.
IIM Placements 2023 : Average CTC & Highest CTC
The average and highest CTCs at IIMs have shown a rising trend in the IIM placements 2023 despite the pandemic and the recent market trends. Given below is a list of average and highest CTCs offered of all the 20 IIMs as per the IIM placements 2023.
IIM Placements 2023 : Highest International CTC Offered
Given below is a list of the highest International CTC offered at some of the IIMs.
Also Read : IIM Fees Vs. Placement
IIM Ahmedabad Placement
IIM Ahmedabad is yet to release their placement report for the year 2023. The placement statistics for IIM Ahmedabad for the year 2022 is given below
- The IIM Ahmedabad average package stood at 32.8 LPA.
- The IIM Ahmedabad highest package stood at 61.49 LPA.
- The IIM Ahmedabad highest international package stood at 1.15 CPA.
IIM Bangalore Placement
IIM Bangalore witnessed 100% placement for the batch of 2021-23. The Top recruiters for IIM B Placements were : BCG, Bain & Co., Accenture Strategy, TCS, McKinsey & Co., American Express, EY, Cogoport, Microsoft, PwC among others. The highest recruiting domains were Management Consulting (40%) followed by IT/Product Management (14%), General Management (13%), Sales & Marketing (11%) and others.
- The IIM Bangalore average package stood at 35.31 LPA.
- The IIM Bangalore median package stood at 33 LPA.
- The IIM Bangalore highest package stood at 80 LPA.
IIM Calcutta Placement
The IIM Calcutta (king of placements) IIM placement 2023 for their 58th batch achieved 100% placement with a total of 573 offers made by 190 companies. The top recruiting domain was Consulting (40.5%) followed by Product & Analytics (18.2%), Finance (15%), General Management (14.2%) and others.
- The IIM Calcutta average package stood at 35.07 LPA.
- The IIM Calcutta median package stood at 33.67 LPA.
- The IIM Calcutta highest package stood at 1.15 CPA.
- The IIM Calcutta highest international package stood at 94.82 LPA.
IIM Kozhikode Placement 2023
The IIM Kozhikode Placement 2023 was successfully concluded for the PGP, PGP Liberal Studies & Management and PGP Finance. The highest recruiting domain was Consulting (33%) followedby Finance (26%), General Management (14%), IT Analytics (11%), Sales & Marketing (10%) and Operations (6%).
- The IIM Kozhikode average package stood at 31.02 LPA.
- The IIM Kozhikode median package stood at 27 LPA.
- The IIM Kozhikode highest package stood at 67.02 LPA.
People also ask about IIM Placements
Which IIM Has the Highest Placement?
IIM Ahmedabad consistently leads in terms of the highest placement statistics among the Indian Institutes of Management (IIMs). Known for its strong industry connections and alumni network, IIM Ahmedabad often reports the highest percentage of students placed at the end of the placement process.
Which IIM Has 100% Placement?
Many IIMs report near 100% placement, but IIM Kozhikode and IIM Lucknow are known for achieving 100% placement for their MBA programs in recent years. This means that every student who participated in the placement process was offered a job.
Which IIM Has the Best Package?
IIM Ahmedabad frequently tops the charts for the highest average and highest salary packages offered to its graduates. The institute’s prestigious reputation, extensive alumni network, and strong industry ties contribute to its high salary packages.
What Is the Salary of an IIM Fresher?
The salary of a fresher from an IIM can vary based on the institute, industry, and job role. However, on average:
- IIM Ahmedabad: Offers an average salary around ₹30-35 lakhs per annum.
- IIM Bangalore: Reports average salaries in a similar range, approximately ₹30-32 lakhs per annum.
- IIM Calcutta: Typically offers average salaries between ₹28-30 lakhs per annum.
These figures are averages and can fluctuate based on the economic climate and specific job offers.
Which IIM Has the Highest Package in 2024?
The Indian Institute of Management (IIM) that secured the highest package was IIM Ahmedabad. This institution has consistently been a top choice for employers, thanks to its rigorous academic curriculum, strong alumni network, and deep industry connections. In 2023, the highest package offered at IIM Ahmedabad was an impressive INR 1.46 crore per annum. This record-breaking offer came from a leading firm in the finance sector, highlighting the institute’s strength in producing top talent for high-stakes roles in industries like investment banking, private equity, and consulting.
The strong performance of IIM Calcutta reflects its students’ ability to excel in high-demand fields, making it a sought-after destination for both national and international recruiters. With its cutting-edge pedagogy and focus on holistic development, IIM Calcutta continues to set benchmarks in terms of placement records.
Which IIM Has 100% Placement?
When it comes to achieving 100% placement, IIM Ahmedabad and IIM Bangalore stand out in 2024. These institutions are renowned not just for their academic excellence but also for their exceptional placement records. Despite a challenging economic environment, both IIM Ahmedabad and IIM Bangalore successfully placed all their students, maintaining their reputation as premier management institutions.
These institutes have consistently attracted top companies across various sectors, including consulting, finance, technology, and FMCG. Their ability to secure 100% placement is a testament to their robust placement processes, strong corporate relations, and the quality of education provided.
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