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).
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 β 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: Β Which branch has the highest placement in IIT Roorkee?
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?
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 |
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
Hereβs 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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