Average salary package of non-IIM graduates in India: NIRF-MHRD Rankings 2024
MBA placements of non-IIMs are lucrative and provide a good start to career. A number of top tech giants and MNCs hire MBA graduates every year through campus placements process conducted by all B-Schools. Check here average salary offers of top non-IIMs as per the latest NIRF ranking data (2024).
MBA placements
Every Management aspirant in India dreams of graduating from the Indian Institute of Management, the premier MBA institute in India. Apart from world class education, the most attractive feature of the 21 IIMs is the fat pay cheque offered to the students during campus placement. According to the yearly IIM placement reports, students of the top IIMs – Ahmedabad, Bangalore and Calcutta, on an average, are offered between INR 24-30 lakh (annual) during campus placements by domestic companies. Offers from International firms often cross the INR 1-crore mark.
But they are not the only ones offering lucrative remuneration prospects. Several other top B-Schools in India too have strong MBA placement cells which help their students bag good salary package in campus placements. Infact, the salaries offered at SPJIMR, MDI, IIFT, MICA, XLRI and Symbiosis, etc. are on par with the IIMs.
Q: Is Welingkar Mumbai good for placements?
Q: How are the placements at IIT Roorkee?
The key highlights of IIT Roorkee placements 2024 are presented below:
Particulars | Placement Statistics (2024) |
|---|---|
Highest domestic package | INR 150 LPA |
Highest international package | INR 205 LPA |
Average package | INR 20 LPA (approx.) |
Total offers | 938 |
Total PPOs | 213 |
Total companies visited | 261 |
Particulars | Placement Statistics (2022) | Placement Statistics (2023) | Placement Statistics (2024) |
|---|---|---|---|
Highest package | INR 25.8 LPA | INR 27.94 LPA | INR 26 LPA |
Average package | INR 16.8 LPA | INR 18.34 LPA | INR 18.3 LPA |
Median package | INR 18 LPA | INR 18.09 LPA | INR 18.5 LPA |
Top domain | Product Management | Operations, IT & Analytics | Operations, IT & Analytics |
Q: Is IFMR good for MBA placements?
IFMR offers good placements for its MBA course annually. In 2023, the institute recorded 100% placements for its MBA cohort of 2021-23. A total of 55 recruiters participated in the placement process and placed all 184 students in new-age job roles. The highest and average package offered during IFMR placements 2023 stood at INR 22.90 LPA and INR 13.50 LPA, respectively. The top recruiters of IFMR MBA placements in 2023 included Barclays, Deloitte, Wells Fargo, EY, HSBC India, Morgan Stanley, NOMURA, TVS NEXT, Societe Generale, Axis Bank, Cognizant, Accenture, JPMC, etc.
In this artile, we have shared the list of top ranked MBA colleges in India, other than IIMs whose average salary offers in campus placements are between INR 10 lakh to 30 lakh per annum.
What is MBA NIRF Ranking?
Every year, the NIRF lists the best management institutes in India ranked by NBA (National Bureau of Accreditation) on the basis of their performance on certain parameters like, Teaching, Learning and Resources (TLR), Research and Professional Practice (RPP), Graduation Outcomes (GO), Outreach and Inclusivity (OI) and Perception.
Performance of an institute in terms of placement is calculated under Graduation Outcomes (GO), which includes:
- Combined % for Placement, Higher Studies, and Entrepreneurship (GPHE)
- Metric for University Examinations: GUE
- Median Salary
- Metric for Graduating Students Admitted Into Top Universities (GTOP)
- Metric for Number of Ph.D. Students Graduated GPHD
MBA Placements Record of Non-IIMs: Average Salary Offer
Here’s looking at the placement record of non-IIMs for 2022-2023 on which NIRF-MHRD rankings 2024 are based.
Average salary between INR 30-20 lakh per annum
In this bracket, No. 20 ranked SPJIMR tops the list with INR 32.00 LPA. XLRI Jamshedpur, which is ranked at No. 9, recorded INR 30.24 lakh per annum. Check the table below for MBA colleges, salary packages and their NIRF ranking 2024.
| MBA Institute |
Students placed |
Average salary in INR (PG-2 yrs) |
NIRF Rank 2024 |
|---|---|---|---|
| 235 |
32.00 LPA |
20 |
|
| 357 |
30.24 LPA |
9 |
|
| 115 |
26.64 LPA |
10 |
|
| 420 |
26.50 LPA |
15 |
|
| 469 |
26.13 LPA |
11 |
|
| 124 |
24.50 LPA |
4 |
|
| 67 |
20.40 LPA |
16 |
|
| 180 |
24.00 LPA |
13 |
|
| 540 |
21.35 LPA |
21 |
Average salary between Rs 19-10 lakh
In the bracket of Rs 19 to 10 lakh salary, XIM University recorded the highest, IN 19.25 lakh per annum as per the NIRF ranking 2024. MICA followed close second with INR 19.00 lakh per annum.
| MBA Institute |
Students placed |
Average salary in INR (PG-2 yrs) |
Overall Rank 2024 |
|---|---|---|---|
| 358 |
19.25 LPA |
43 |
|
| 179 |
19.00 LPA |
32 |
|
| 64 |
18.09 LPA |
18 |
|
| 81 |
18.08 LPA |
14 |
|
| 37 |
17.25 LPA |
29 |
|
| 302 |
16.33 LPA |
40 |
|
| 518 |
16.00 LPA |
35 |
|
| 244 |
15.00 LPA |
49 |
|
| 167 |
14.50 LPA |
34 |
|
| 365 |
14..00 LPA |
53 |
|
| 429 |
13.50 LPA |
58 |
|
| 174 |
11.80 LPA |
48 |
|
| 60 |
11.30 LPA |
46 |
|
| 365 |
11.00 LPA |
64 |
|
| 391 |
11.00 LPA |
55 |
|
| 390 |
11.00 LPA |
63 |
|
| 187 |
10.50 LPA |
56 |
|
| 60 |
10.02 LPA |
25 |
|
| 171 |
10.00 LPA |
66 |
|
| 1162 |
10.00 LPA |
39 |
*The institutes are listed in descending order according to the annual salary package offered.
Read More:
- Top MBA placement companies in India
- List of MBA colleges (non-IIMs): Average Salary Package
- IM Placements 2024: Check Highest and Average Salary; Top Recruiters
- MBA placements 2024: Check Highest and Average Salary of top MBA Colleges in India
- Lowest Salary Packages Offered at IIMs and other B-Schools
- International placements at IIMs and other top B-schools
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Welingkar Mumbai offers decent placements its MBA/PGDM courses. As per the latest report, the Welingkar Mumba average package offered in 2024 stood at INR 12.02 LPA. The Welingkar Mumba average package offered to PGDM students in 2024 stood at INR 12.26 LPA. The key highlights of Welingkar Mumbai placements for the Class of 2024 are tabulated below:
Programs
Highest Package (2024)
Average Package (2024)
PGDM
INR 22 LPA
INR 12.26 LPA
PGDM-E Business
INR 18.16 LPA
INR 11.07 LPA
PGDM-Business Design
INR 18.16 LPA
INR 12.32 LPA
PGDM-Healthcare Management
INR 19 LPA
INR 11.33 LPA
PGDM-Retail Management
INR 24 LPA
INR 11.23 LPA
PGDM-Rural Management
INR 18.16 LPA
INR 10.37 LPA
PGDM-Media & entertainment
INR 18.16 LPA
INR 10.15 LPA
PGDM Research & Business Analytics
INR 40 LPA
INR 12.48 LPA
Overall
INR 40 LPA
INR 12.02 LPA