Average salary package of non-IIM graduates in India: NIRF-MHRD Rankings 2024

Average salary package of non-IIM graduates in India: NIRF-MHRD Rankings 2024

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Vipra
Vipra Shrivastava
Senior Manager - Content
Updated on Oct 23, 2024 14:28 IST

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

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 – AhmedabadBangalore 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: Β  Which branch has the highest placement in IIT Roorkee?

A:

According to the trends observed every year, most number of students placed during IIT Roorkee placements in recent past were from CSE, ECE and EE branch. The branch-wise average and median package offered during IIT Roorkee placements 2024 are presented below:

Course / Branch

Average Package (2024)

Median Package (2024)

CSE

INR 34.07 LPA

INR 34 LPA

Electrical

INR 22.1 LPA

INR 19.48 LPA

Electronics and Communication

INR 23.52 LPA

INR 21.5 LPA

Chemical

INR 19.43 LPA

INR 16.5 LPA

Mechanical

INR 19.56 LPA

INR 16.58 LPA

Civil

INR 15.1 LPA

INR 13 LPA

Polymer

INR 12.7 LPA

INR 14 LPA

Metallurgy

INR 15.45 LPA

INR 14.1 LPA

Engineering Physics

INR 15.53 LPA

INR 15.5 LPA

Production and Industrial 

INR 16.48 LPA

INR 15.46 LPA

Biotechnology

INR 17.84 LPA

INR 16 LPA

Geological Technology

INR 18.5 LPA

INR 16 LPA

Geophysical Technology 

INR 21.73 LPA

INR 19.81 LPA

MTech

INR 13.48 LPA

INR 12 LPA

Architecture

INR 9.7 LPA

INR 7.5 LPA

Integrated MSc Physics

INR 5.06 LPA

INR 4.8 LPA

MSc Chemistry

INR 12.25 LPA

INR 10 LPA

IMSc Applied Mathematics

INR 36 LPA

INR 34.62 LPA

MSc Physics

INR 13.64 LPA

INR 12 LPA

MSc Economics

INR 14 LPA

INR 14 LPA

Further, the branch-wise PPOs made during IIT Roorkee placements 2024 is presented below:

Branch

Total PPOs (2024)

Biotechnology

1

Chemical

13

Civil

10

CSE

52

ECE

36

Electrical

41

Engineering Physics

1

Geophysical Technology

7

Geological Technology

4

IMSc Applied Mathematics

11

IMSc Chemistry

1

IMSc Physics

1

Mechanical

23

Metallurgy

8

Production & Industrial

4

Further, according to Engineering and Architecture NIRF reports 2024 released by IIT Roorkee, the course-wise students placed over the past three years during IIT Roorkee placements is presented below:  

Course

Placement Rate (2021)

Placement Rate (2022)

Placement Rate (2023)

BTech

Total students: 768

Students placed: 624

Total students: 824

Students placed: 737

Total students: 911

Students placed: 733

MTech

Total students: 600

Students placed: 140

Total students: 595

Students placed: 231

Total students: 558

Students placed: 274

Integrated BTech

Total students: 88

Students placed: 81

Total students: 123

Students placed: 95

Total students: 114

Students placed: 86

BArch

Total students: 31

Students placed: 11

Total students: 30

Students placed: 27

Total students: 25

Students placed: 9

MArch

Total students: 19

Students placed: 5

Total students: 25

Students placed: 11

Total students: 19

Students placed: 11

Note: The rest of the students across all courses opted for higher studies.

Q: Β  How are the placements at IIT Roorkee?

A:

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

Note: The salary data is sourced from media reports, hence may vary
 
Apart from this, more than 70 companies visited the campus during IIT Roorkee MBA placements 2024. The key highlights of MBA placements 2024 as compared with 2023 and 2022 are presented below:

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

 

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

S.P Jain Institute of Management & Research (SPJIMR)

235

32.00 LPA

20

Xavier Labour Relations Institute (XLRI), Jamshedpur

357

30.24 LPA

9

IIT Bombay

115

26.64 LPA

10

IIFT, Delhi

420

26.50 LPA

15

MDI, Gurgaon

469

26.13 LPA

11

IIT Delhi

124

24.50 LPA

4

IIT Madras

67

20.40 LPA

16

Symbiosis Institute of Business Management, Pune

180

24.00 LPA

13

Narsee Monjee Institute of Management Studies -Mumbai

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

XIM University

358

19.25 LPA

43

MICA Ahmedabad

179

19.00 LPA

32

IIT Roorkee

64

18.09 LPA

18

IIT Kharagpur

81

18.08 LPA

14

IIT Kanpur

37

17.25 LPA

29

IMI, Delhi

302

16.33 LPA

40

IMT, Ghaziabad

518

16.00 LPA

35

IRMA Anand

244

15.00 LPA

49

Great Lakes Institute of Management

167

14.50 LPA

34

Fore School of Management

365

14..00 LPA

53

TA PAI Management Institute

429

13.50 LPA

58

Benaras Hindu University

174

11.80 LPA

48

IIT-ISM Dhanbad

60

11.30 LPA

46

BIMTECH

365

11.00 LPA

64

Nirma University

391

11.00 LPA

55

KJ Somaiya Institute of Management Studies and Research

390

11.00 LPA

63

IMI Kolkata

187

10.50 LPA

56

Jamia Milia Islamia

60

10.02 LPA

25

Loyola Institute of Business Administration

171

10.00 LPA

66

ICFAI Hyderabad

1162

10.00 LPA

39

*The institutes are listed in descending order according to the annual salary package offered.

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Vipra Shrivastava
Senior Manager - Content

Vipra is a massive Breaking Bad fan. When not watching crime drama series, she spends time in updating the list of places she wants to visit and people she wants to meet, but she is happiest in the company of dogs. ... Read Full Bio