IIM Placements 2024 : Highest Domestic CTC, Average Package, Top Companies & More

IIM Placement

IIM Placements 2024

IIMs are one of the most prestigious B-schools in the nation offering the most lucrative salary packages. The IIM Placements 2023 for all the 20 IIMs of the country is provided down below.

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. While the average CTC of the new IIMs lie between INR 10 and 20 LPA, the average CTC for the top IIMs is from INR 20 to 25 LPA. 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.

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Due to the COVID-19 pandemic, the final placements processes at all campuses were kept online just like they were previous year. Final placements were conducted with a lot of enthusiasm and received positive feedback from recruiters despite the virus and the weak economy.

The COVID-19 scenario did not have a significant impact on the IIM placements 2023. As in previous years, top employers visited the IIM campuses to hire management graduates for a variety of job roles, including E&Y, Deloitte, Walmart, Accenture, JP Morgan Chase, Barclays, Morgan Stanley, Tolaram, Squareyards & Protiviti, EXL, KPMG, HSBC, Goldman Sachs, Amazon, Zomato, ICICI Bank, Bajaj, Axis, Tata, and WIPRO. The IIMs have released their detailed 2023 placements reports. See the information on IIM placements below.

The PGP/MBA graduates are offered a variety of managerial positions in many industries and fields. The majority of offers are made for managerial and consultant designations. You can discover all the details on IIM placements 2023 for all 20 campuses, including IIM BLACKI in this post.

Also Read : IIM Selection Process 2023

IIM Placement Process 2024

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.

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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

IIM placements 2022 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.

IIM Bangalore highest packages, IIM Bangalore average package
  • 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.

IIM Calcutta average package, IIM Calcutta highest package
  • 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%).

IIM Kozhikode average package, IIM Kozhikode highest package
  • 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.

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