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: What is the salary package of MBA in Nirma University?
The highest, average, and median package offered to MBA students from 2021 to 2023 drives indicate an improving trend. Take a look at the below table to know the Institute of Management Nirma University placement package trends:
| Course | MBA Placement Statistics (2021) | MBA Placement Statistics (2022) | MBA Placement Statistics (2023) |
|---|---|---|---|
| Highest package | INR 18 LPA | INR 26 LPA | INR 30 LPA |
| Average package | INR 9.25 LPA | INR 10.50 LPA | INR 12.20 LPA |
| Median package | INR 9.50 LPA | INR 10 LPA | INR 11 LPA |
Q: Which are the top companies visiting IIT Kanpur for M.Tech placements?
As per the verified students' reviews on Shiksha, top companies, such as Barclays, Flipkart, Qualcomm, Bajaj, HSBC, Tata Motors and Intel come for final placements at IIT Kanpur for MTech. Students get roles from technical research profiles to analytical roles. Additionaly, the institute in 2022 recorded a the highest domestic package of INR 1.9 crore per annum (not just for M.Tech but overall across courses).
Q: What is the stipend for FPM in MDI Gurgaon?
The institute offers one of the best financial stipends to PhD scholars. Apart from the stipend, a total contingency grant of INR 80,000 and a conference grant of a total INR 2,50,000 shall also be provided to FPM scholars to support their fieldwork, books purchase, research paper presentations etc. Moreover, MDI Gurgaon offers scholarships to FPM candidates for a maximum of four-year to non-MBA candidates and three-year to MBA candidates. The scholarship amount is INR 60,000 per month.
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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