Check out the lowest salaries offered at IIMs and other top B-schools during the final placement process.
In India, an MBA degree is often equated with great pay and fast career growth. Students aim for management degrees primarily with these two objectives in mind.
Every year, the top and average salaries offered at leading business schools are reaching new heights. Placement reports from the top MBA colleges boast of rising salaries (highest, mean and median), top companies, popular job profiles.
Explore colleges based on CAT
Want better recommendations?
There is a 90% more chance of getting best college recommendations by sharing preferences.
However, most placement reports released by B-Schools do not give an overall perspective of salaries offered to MBA graduates. No one talks about the lowest packages offered or how many students were not offered satisfatory positions. Placement reports are like popular Bollywood flicks with happy endings, with no bad memories in sight.
Q: Which courses are offered by IIMs through CAT?
CAT is the common entrance test for a range of post management courses offered by the Indian Institute of Management. The CAT score is accepted for admission to PGP, MBA, Executive MBA, Ph.D. and FPM courses.
Here is the list of courses offered by every IIM.
- IIM Ahmedabad: PGP, PGP-FABM, ePGD-ABA (post Graduate Diploma in Advanced Business Analytics), PhD
- IIM Amritsar: MBA, MBA-Business Analytics, MBA-HRM, EMBA, PhD
- IIM Bangalore: PGP, PGPEM, PGPBA, PhD
- IIM Bodh Gaya: PGP, Ph.D. (FPM)
- IIM Calcutta: MBA, PhD
- IIM Indore: PGP, PGP-HRM, MSDSM (Master of Science in Data Science and Management), FPM
- IIM Jammu: MBA, MBA (Hospital Administration & Healthcare Management, Executive MBA (Blended Mode), Ph.D. (Full-Time Mode), Ph.D. (Part-Time Mode)
- IIM Kashipur: MBA, MBA (Analytics), EMBA, EMBAA (Executive Master of Business Administration Analytics), PhD
- IIM Kozhikode: PGP, PGP-BL, PGP-F, PGP-LSM, EPGP Kochi, PhD
- IIM Lucknow: PGP, PGP-ABM, PGP-some, PGPWE, PhD
- IIM Nagpur: MBA, MBA (Executive), Ph.D. (Executive)
- IIM Raipur: PGP, FPM/PhD, EFPM
- IIM Ranchi: PGP, PGP-HRM, PGP (Business Analytics), Ph.D. EPhD
- IIM Rohtak: PGP, EPGDSM, PhD
- IIM Sambalpur: MBA, Executive MBA, Ph.D. Executive PhD
- IIM Shillong: PGP, PGPEX, MBA (WE), Ph.D. PhDWP
- IIM Sirmaur: MBA, MBA (T&HM), ExMBA (Digital Transformation & Analytics), PhD
- IIM Tiruchirappalli: PGPM & PGPM-HR, DPM, E-DPM
- IIM Udaipur: MBA, MBA-DEM, MBA-GSCM, PGDBAWE, PhD
- IIM Visakhapatnam: PGP, PGPEx, PGPDGM, Ph.D.
Q: Does IIM Udaipur offer 100% placements?
Yes, IIM Udaipur has a strong track record of placements for its MBA/PGDM courses. During IIM Udaipur placements 2024, the highest and average package (earning potential) offered to the MBA batch 2024 stood at INR 47 LPA and INR 18.8 LPA, respectively. The key highlights of IIM Udaipur placements for the Class of 2024 are presented below:
Particulars | Placement Statistics (2024) |
|---|---|
Highest package | MBA: INR 47 LPA MBA - GSCM: INR 39.37 LPA MBA - DEM: INR 35.44 LPA |
Average package | MBA: INR 18.8 LPA MBA - GSCM: INR 22.37 LPA MBA - DEM: INR 21.67 LPA |
Median package | MBA - GSCM: INR 20 LPA MBA - DEM: INR 20 LPA |
No. of offers accepted | MBA: 291 MBA - GSCM: 49 MBA - DEM: 52 |
Companies visited | MBA: 108 MBA - GSCM: 23 MBA - DEM: 24 |
NOTE: The audited placement report for batch 2022-24 is yet to be released. It will updated here as and when released.
Now, take a look at the key highlights of the IIM Udaipur placements for the Class of 2023 in the table below:
Particulars | Placement Statistics (2023) |
|---|---|
Highest package | MBA: INR 35.04 LPA MBA - GSCM: INR 41.38 LPA MBA - DEM: INR 34.07 LPA |
Average package | MBA: INR 20.02 LPA MBA - GSCM: INR 20.63 LPA MBA - DEM: INR 21.47 LPA |
Median package | MBA: INR 18.53 LPA MBA - GSCM: INR 19 LPA MBA - DEM: INR 21 LPA |
Placement rate | 100% |
No. of offers accepted | MBA: 301 MBA - GSCM: 44 MBA - DEM: 46 |
Companies visited | MBA: 77 MBA - GSCM: 19 MBA - DEM: 21 |
Q: What is the stipend for FPM at XLRI?
For XLRI FPM students, a monthly stipend of INR 45,000 will be awarded for the first two years and INR 50,000 for the next two years. Fellowship will be paid only to full-time residential students, and for a period of four years. Extension of financial aid for the fifth year is possible depending on the candidates' academic performance.
So, while the media reports about the highest packages offered in glorious words, little is said about the other side of the story – the lowest salary offered.
In an effort to bring transparency and uniformity in the way placement statistics are reported, IIM Ahmedabad started the ‘Indian Placement Reporting Standards’ (IPRS) in 2011. Under IPRS, colleges have a standardised way of reporting salary and non-salary information (related to placements). Data submitted undergoes a third party audit process (by CRISIL), making the placement reports reliable.
Explore more MBA exams with upcoming dates
15 Jul '24 - 10 Dec '24
1 Nov '24 - 10 Dec '24
12 Dec '24
14 Nov '24 - 13 Dec '24
10 Dec '24 - 14 Dec '24
15 Dec '24
10 Aug '24 - 16 Dec '24
1 Aug '24 - 17 Dec '24
18 Dec '24
20 Sep '24 - 6 Jan '25
| IIM Placements: Check Highest CTC, Average CTC and Top Companies |
|
| International salary packages offered at top Indian B-schools |
Average salary package of non-IIM graduates in India: NIRF-MHRD Rankings |
The objective behind IPRS is to provide wholesome, standardised and trustworthy data that’ll enable aspiring candidates to make informed choices.
As per the official IPRS website, 30 MBA colleges have signed up for it (abiding by it). We decided to take a look at the reports. However, we could find detailed placement reports of just eight colleges. Out of these eight colleges, only three colleges have been regularly submitted the reports.
We also found some CRISIL (Credit Rating Information Services of India Limited) audited placement reports online. We collated the latest data shared by IPRS on its website to find out the lowest audited salaries. Here are the details:
Q: Can I get a job after completing FPM from IIM Lucknow?
Yes, there are multiple job options available for candidates after completing the FPM programme. The common ones are lecturership and research work. Apart from this, candidates can also apply for private jobs at senior managerial level. Some of the popular job profiles for FPM pass outs are Relationship Manager, Project Manager, Management Executive, etc. In addition, the list of top recruiters include HCL, HDFC Bank, Britannia Industries, etc. Read more about FPM course and career scope, here.
Q: Is IIM Calcutta good in terms of placements?
IIM Calcutta has a great track record of MBA placements. Recently, IIM Calcutta concludes the placements for its 59th MBA batch with a 100% placement rate. The highest package offered during IIM Calcutta placements 2024 stood at INR 1.20 crore per annum. The key highlights of IIM Calcutta placements for the MBA Class of 2022, 2023 and 2024 are presented in the table below:
Particulars | MBA Placement Statistics (2022) | MBA Placement Statistics (2023) | MBA Placement Statistics (2024) |
Highest package | NA | INR 94.82 LPA (International) INR 1.15 crore per annum (Domestic) | INR 1.2 crore per annum |
Average package | INR 34.20 LPA | INR 35.07 LPA | NA |
Median package | INR 31.00 LPA | INR 33.67 LPA | NA |
Offers made | 631 | 573 | 529 |
Companies visited | 190+ | 190 | 194 |
Placement rate | 100% | 100% | 100% |
Batch size | 465 | 465 | 464 |
Lowest Salaries Offered
| Institute |
Year |
Lowest salary package (maximum earning potential) |
|---|---|---|
| 2021 |
INR 11 lakh per annum |
|
| 2015 |
INR 7 lakh per annum |
|
| 2016 |
INR 6 lakh per annum |
|
| 2021 |
INR 15 lakh per annum |
|
| 2013 |
INR 6 lakh per annum |
|
| 2015 |
INR 2.6 lakh per annum |
|
| 2013 |
INR 2.4 lakh per annum |
|
| 2013 |
INR 6.11 lakh per annum |
(Source: IPRS & CRISIL)
Who Receives Low Packages?
According to sources, students whose academic performance has been low in all the semesters or are repeating a year are the once who usually receive low packages. Recruiters not only look at the candidate's academic record but also his/her record in extra-curricular activities, events etc.
Speaking to Shiksha on condition of anonymity, an IIM graduate said, “It’s the typical scenario. If you can’t perform well in academics and extra-curricular, recruiters have no reason to hire you. Also, many institutes have large batches. It gets especially difficult for them to place students from the lower end of the spectrum. At times, more than 10% of the batch are yet to be placed by the term-end. They either opt of out placements or go for rolling placements. Some institutes even force such students to sign out of placements in an effort to maintain placement standards.”
Accountability
It is interesting to note that most leading B-schools of the country do not publish audited reports of their final placement process for the benefit of aspiring students and common citizens. They only release the final placement reports to the media with quotes of highest, mean and median salary figures. The public accept these placement reports at their face value. There’s no accountability of the information published.
In other words, it’s practically impossible to find the official lowest packages offered at top business schools or get a complete scenario of placements.
Other B-Schools
Since getting information from official sources is practically impossible, we decided to speak to participants of various B-Schools and know the lowest salaries offered.
Below, we have complied a list of lowest packages of some top MBA colleges based on student's feedback.
PLEASE NOTE: The figures quoted below are not based on any audited reports and neither have they been conveyed by the institute/college. These are based on student accounts and cannot be verified independently.
| Institute |
Year |
Lowest salary package (maximum earning potential) |
|---|---|---|
| IIM Sirmaur |
2022 |
INR 8.40 lakh per annum |
| 2014 |
INR 7 lakh per annum |
|
| 2014 |
INR 8-10 lakh per annum |
|
| 2013 |
INR 8-10 lakh per annum |
|
| 2013 |
INR 6-8 lakh per annum |
|
| 2013 |
INR 6-8 lakh per annum |
|
| 2016 |
INR 8 lakh per annum |
|
| 2015 |
INR 9 lakh per annum |
|
| 2014 |
INR 10-11 lakh per annum |
Read More
Shruti is a graduate in Education and Literature. She is a passionate writer. As her name suggests she is a good listener, a binge-watcher, and a great foodie. She loves playing badminton and doing meditation in her... Read Full Bio
News & Updates
Explore Other Exams
20 Dec '24 | XAT 2025 admit card download s... |
5 Jan '25 | XAT 2025 Exam |
15 Dec '24 | SNAP 2024 session 2 |
15 Dec '24 | SNAP 2024 admit card download ... |
6 Nov '24 - 17 Dec '24 | NMAT 2024 Retake Registration |
1 Aug '24 - 17 Dec '24 | NMAT 2024 Rescheduling Window |
17 Oct '24 - 5 Dec '24 | IIFT 2025 registration and app... |
10 Dec '24 - 14 Dec '24 | MAT 2024 Admit Card PBT Downlo... |
7 Sep '24 - 15 Dec '24 | MAT 2024 Registration Process ... |
Aug '24 | IBSAT 2024 National Mock Test |
1 Jul '24 - 18 Dec '24 | IBSAT 2024 Registration |
14 Nov '24 - 13 Dec '24 | CMAT 2025 registration and app... |
15 Dec '24 - 17 Dec '24 | CMAT 2025 form correction |
Jan '25 | MAH CET 20245 registration pro... |
Mar '25 | MAH MBA CET 2025 |
Jan '25 | TANCET Registration Dates |
Feb '25 | TANCET Admit Card Download |
Jan '25 | IRMASAT 2025 Last Date of Appl... |
Feb '25 | IRMASAT Personal Interviews |
Student Forum
Anything you would want to ask experts?Answered Yesterday
No, CAT is not compulory for admission to MBA programme at AAM Business School. As the college accepts scores of other entrance exams, including XAT and TANCET.
Moreover, candidates can also appear for admission without entrance exam scores and based on scores obtained in the last academic merit of
K
Beginner-Level 4
Answered 2 days ago
Off course, one can secure admission to MBA/PGDM course of Bharati Vidyapeeth Institute of Management Studies & Research without appearing for CAT. The institute considers MAT, CMAT, XAT and MH-CET scores to admit students into it's autonomous MBA institute. The admission is open to all those studen
K
Contributor-Level 10
Answered 3 days ago
The average placements after completing an MBA through ICET (state-level colleges) usually range from ?3–6 LPA, and regional companies along with small-scale ones participate. On the other hand, the MBA programme conducted by CAT (IIMs and top colleges) usually gives high placements with packages ra
S
Contributor-Level 10
Answered 3 days ago
The CAT results for 2024 will be announced on January 4, 2025. This date is applicable for candidates applying to institutes such as H.K. Institute of Management Studies and Research, which accepts CAT scores for its MBA/PGDM admissions.
A
Contributor-Level 10
Answered 3 days ago
Eligibility criteria for the MBA admission at Vidyasagar University generally include a valid score in national exams like CAT, MAT or CMAT. However, admission may pose a challenge with a mere 50 percentile in CAT as most Universities including Vidyasagar University have a higher cutoff, especially
A
Contributor-Level 9
Answered 4 days ago
Students must have a valid score in CAT to get the scholarship at GIBS Business School. A maximum of 75,000 is offered as scholarship amount. Below is the criteria for CAT based scholarship:
| CAT Score | Scholarship Amount |
|---|---|
| 90 Percentile or Above | INR 75,000 |
| 80 Percentile or Above | INR 50,000 |
| 70 to 79.99 Percentile | INR 35,000 |
| 60 to 69.99 Percentile | INR 25,000 |
N
Contributor-Level 10
Answered 6 days ago
For admission to MBA at Nehru College of Aeronautics and Applied Sciences, candidates must have passed have passed Minimum 50% in graduation in any stream from a recognised university or institute. For final selection, the college accepts Tamil Nadu Common Entrance Test (TANCET).
Note: Regarding o
K
Beginner-Level 2
Answered 6 days ago
Hii, The difficulty of XAT, CAT, or CMAT depends on individual aptitude and preparation, but generally:
- CAT: Considered the toughest, with high competition and emphasis on VARC, DILR, and Quant.
- XAT: Moderate, with an additional Decision-Making section and essay writing, testing analytical thinking.
- CM
A
Contributor-Level 10
Answered a week ago
There is no Minimum CAT cutoff for IMI New Delhi. They look for the holistic profile of the student which consists of your academics, extra curricular and the admission process assessment.
Yes, you can consider getting a Masters degree even if you have more than 3 years of work experience.
You can als
P
Beginner-Level 1
Answered a week ago
The eligibility criteria for admission to the MBA course at Sanskriti University required candidates to possess a bachelor's degree from a recognised university with a minimum of 50% aggregate marks. Additionally, the university gives preference for admission to candidates who secured good scores in
I
Beginner-Level 5
Is CAT compulsory for admission to MBA at AAM Business School?