MBA Placements 2024: Check Report, Highest and Average Salary Package

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Assistant Manager – Editorial Content

Updated on Aug 20, 2024 15:17 IST

MBA placements are often regarded as a measure of the degree's ROI. The better the placement, the higher the perceived value of the degree. Below are the key highlights of the final 2024 placements at top MBA colleges, including IIMs and non-IIMs, in India.

MBA Placements 2024: Top MBA colleges in India have started the MBA placements for the outgoing batch 2024. Yet again, the MBA placements of top colleges in India have shown a promising results. Aspirants across India and abroad eye on the placement reports of top IIMs and other top B-schools such as IIFT, FMS, MDI, SPJIMR, IMI, JBIMS, SIBM, etc. With the final placement reports for the batch (2022-24) being released, this article hosts the latest insights on the MBA placements 2024. Typically, FMS Delhi becames the b-school with MBA highest package in India. The salary figures for top MBA colleges as per 2024 placement session is yet to release.

In MBA, this year's job placements data indicate that there has been an increase in the offers despite a downslide in the economy and challenges. Consulting, Technology and BFSI sectors yet again dominate other sectors for the placements across institutes. Here are the highlights of the final placement process 2024 of some of the top B-schools in India. Additionally, get the list of top MBA colleges in India placement wise.

Q: What is the lowest package offered at IIM Nagpur?

The institute has not disclosed the lowest package. However, the median package has been released. The median package offered during IIM Nagpur MBA placements 2024 stood at INR 16 LPA. Further, a fluctuating trend was witnessed in the IIM Nagpur median package offered over the past three years of placements, which is presented below:

Particulars	MBA Placement Statistics (2022)	MBA Placement Statistics (2023)	MBA Placement Statistics (2024)
Median package	INR 15 LPA	INR 16.85 LPA	INR 16 LPA

Q: Does IIM Bangalore offer 100% placements?

Refer the below table for IIM Bangalore PGP batch placement statistics 2024 as compared with 2023 and 2022:

Particulars	PGP + PGPBA Placement Statistics (2022)	PGP + PGPBA Placement Statistics (2023)	PGP + PGPBA Placement Statistics (2024)
PPOs made / accepted	273 / 181	291 / 209	247 / 203
Lateral placement offers made / accepted	180 / 127	94 / 82	83 / 71
International offers	6	14	29
Students opting out of placements	11	NA	1
Total students	524	512	517

Note: The mean package is considered to be the average package.

Further, the batch placement statistics over the past three years during EPGP placements is presented below:

Particulars	EPGP Placement Statistics (2022)	EPGP Placement Statistics (2023)	EPGP Placement Statistics (2024)
Companies visited	30	27	29
Total offers	71	70	70
Students opted out	1	2	2
Class size	75	75	75

Q: How are MBA placements at IIM Bangalore?

The key highlights of IIM Bangalore placements 2024 as compared with placements 2023 and 2022 for the PGP and PGPBA programme are presented below:

Particulars	PGP + PGPBA Placement Statistics (2022)	PGP + PGPBA Placement Statistics (2023)	PGP + PGPBA Placement Statistics (2024)
Average package	INR 33.82 LPA	INR 35.31 LPA	INR 35.92 LPA
Median package	INR 31.20 LPA	INR 33 LPA	INR 32.5 LPA
Offers made	662	606	572
Companies visited	137	164	163
PPOs made / accepted	273 / 181	291 / 209	247 / 203
Lateral placement offers made / accepted	180 / 127	94 / 82	83 / 71
International offers	6	14	29
Students opting out of placements	11	NA	1
Total students	524	512	517

Note: The mean package is considered to be the average package.

IIM Placements 2024: Highest and Average Salary Packages (Updated)

See the table below to know about the highest domestic CTC and average CTC offered across various IIM campuses. The data is taken from 2024 final placement reports.

Name of IIM	Highest CTC	Average CTC
IIM Ahmedabad	to be updated	to be updated
IIM Bangalore	to be updated	INR 35.92 LPA
IIM Calcutta	INR 1.2 CPA	to be updated
IIM Lucknow	INR 1.23 CPA (international) INR 65 LPA (domestic)	to be updated
IIM Kozhikode	INR 72.02 LPA	INR 28.05 LPA
IIM Indore	INR 100 LPA	INR 25.68 LPA
IIM Shillong	INR 71.50 LPA	INR 26.10 LPA
IIM Rohtak	INR 48.25 LPA	INR 19.27 LPA
IIM Ranchi	NR 37.8 LPA	INR 18.69 LPA
IIM Raipur	INR 43.4 LPA	INR 19.7 LPA
IIM Tiruchirappalli	INR 43.69 LPA	INR 19.43 LPA
IIM Kashipur	to be updated	to be updated
IIM Udaipur	to be updated	to be updated
IIM Nagpur	INR 38.40 LPA	INR 15.44 LPA
IIM Vishakhapatnam	INR 43.25 LPA	INR 15.61 LPA
IIM Bodh Gaya	INR 32.50 LPA	INR 13.90 LPA
IIM Amritsar	INR 58.52 LPA	to be updated
IIM Sirmaur	to be updated	to be updated
IIM Sambalpur	INR 23.5 LPA	INR 14.21 LPA
IIM Jammu	INR 32 LPA	INR 14.01 LPA

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IIM Ahmedabad

In IIM Ahmedabad placements 2024, firms from multiple domains participated across the three clusters, with all students placed across 30 cohorts. This year, there were 23 new recruiters, including Abhinandan Lodha, Bluestone, Crompton Greaves, DE Shaw, Diageo, Elevation Capital, GDi Partners, HDFC ERGO, India Sotheby's International Realty, Javis and Jindal Shadeed. As per the reports, Adani group made the highest offers (10).

IIM Ahmedabad Placements 2024: Highlights

The table below mentions the insights from IIM Ahmedabad 2024 placement session:

Particulars	PGP Placement Statistics (2023)*
Highest package	INR 1.46 crore per annum
Average package	INR 34.45 LPA
Median package	INR 31.58 LPA
Lowest package	INR 18.05 LPA
Offers accepted / Students Placed	385
Eligible students	389
Students opted out	4
Students not placed	0

*NOTE: The table above indicates data as per the past trends. The final salary figures will be reported by the Indian Placement Reporting Standards (IPRS) soon.

IIM Ahmedabad Placements: Past Trends

In the IIM Ahmedabad placements 2023, nearly 190 companies participated to offer as many as 280 job roles to the MBA batch 2021-23. Top recruiters included McKinsey and Company with maximum offers. Other companies that participated in the IIM Ahmedabad placement drive included Accenture, Boston Consulting Group, Ernst & Young, among others. Highest salary as reported by the Indian Placement Reporting Standards (IPRS) for IIM Ahmedabad 2023 final placement stood at 1.46 CPA. The international highest salary stood at USD 1,37,843.

Q: What has been the placement trend at IIM Bangalore over the past few years?

The placement trend witnessed during IIM Bangalore PGP placements over the past three years is presented below:

Particulars	PGP + PGPBA Placement Statistics (2022)	PGP + PGPBA Placement Statistics (2023)	PGP + PGPBA Placement Statistics (2024)
Average package	INR 33.82 LPA	INR 35.31 LPA	INR 35.92 LPA
Median package	INR 31.20 LPA	INR 33 LPA	INR 32.5 LPA
Offers made	662	606	572
Companies visited	137	164	163
PPOs made / accepted	273 / 181	291 / 209	247 / 203
Lateral placement offers made / accepted	180 / 127	94 / 82	83 / 71
International offers	6	14	29
Students opting out of placements	11	NA	1
Total students	524	512	517

Note: The mean package is considered to be the average package.

Further, the placement trend recorded during IIM Bangalore EPGP placements over the past three years is presented below:

Particulars	EPGP Placement Statistics (2022)	EPGP Placement Statistics (2023)	EPGP Placement Statistics (2024)
Average package	INR 30.9 LPA	INR 33.07 LPA	INR 34.33 LPA
Median package	INR 30 LPA	INR 32.21 LPA	INR 33 LPA
Companies visited	30	27	29
Total offers	71	70	70
Students opted out	1	2	2
Class size	75	75	75

Q: What is the most popular job role offered during IIM Visakhapatnam placements?

Roles in the Analytics domain emerged as the top recruiting domain wherein 25% recruiters placed students during placement drive 2024. The role-wise companies visited during IIM Vizag PGP placements 2024 is presented below:

Roles	PGP Companies Visited (2024)
Analytics	25%
Finance	20%
Marketing & Sales	17%
Strategy	13%
Consulting	12%
HR	4%
Operations	4%
Others	5%

Q: Who are the top recruiters during IIM Bangalore PGP summer placements?

The list of top recruiters during IIM Bangalore PGP summer placements for the batch of 2023-25 is presented below:

Company Name	PGP + PGPBA Offers Made (2023-25 Batch)
Accenture Strategy	45
Bain & Company	17
Boston Consulting Group	17
EY Parthenon	15
PwC	12
Amazon	11
TCS Strategic Leadership Program	11
Hindustan Unilever	10
McKinsey & Company	10
Tata Steel	10

In 2022, highest domestic salary package stood at INR 61.48 LPA, while the highest international salary package offered stood at USD 1,40,599 per annum. The average domestic package stood at INR 32.79 LPA, while the average international package stood at USD 1,08,405 per annum.

In 2021, highest salary offered stood at INR 55.00 lakh per annum, while the highest international salary offer stood at INR 1.16 crore per annum. The average international salary offer stood at INR 74.80 lakh per annum.

In 2020, as many as 153 firms participated in the IIM Ahmedabad placement process. The IPRS PGP final placement report for IIM Ahmedabad reveals that the average domestic salary at the institute stood at Rs 26.13 LPA. The highest domestic placement offer was made for Rs 55.88 LPA. In contrast, the international package offered to a student was Rs 1.32 crore per annum.

In 2019, about 123 organisations participated in hiring MBA graduates in various domains and job roles. A total of 184 job roles were offered. Accenture made the largest number of offers at the end of the final placement process with 23 offers, followed by BCG with 17 and PwC with 14 offers.

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IIM Bangalore

During the 2024 placements at IIM Bangalore, the median salary for the PGP and PGPBA programs was INR 32.5 LPA. A total of 572 offers were made, with 29 being international offers. The consulting sector was the leading recruiter, accounting for 42% of all offers. Additionally, the average and median salaries for the EPGP program were INR 34.33 LPA and INR 33 LPA, respectively.

IIM Bangalore Placements 2024: Highlights

The table below mentions the insights from IIM Bangalore 2024 placement session:

Particulars	PGP + PGPBA Placement Statistics (2023)*
Average package	INR 35.31 LPA
Median package	INR 33 LPA
Offers made	606
Companies visited	164
PPOs made / accepted	291 / 209
Lateral placement offers made / accepted	94 / 82
International offers	14
Students opting out of placements	NA
Total students	512

*NOTE: The table above indicates data as per the past trends.

IIM Bangalore Placements: Past Trends

The Final placement process 2023 at IIM Bangalore has been concluded. As many as 512 students participated and received a total of 606 offers from marquee companies. This year, the maximum number of job offers were made in Identical to last year of IIM Bangalore placements, Consulting sector recorded the maximum number of offers with 40 per cent offers from the sector. Among top recruiters, The Boston Consulting Group made a total of 26 offers in the final placements. Other top recruiters in the IIM Bangalor final placements were as follows:

Bain & Company with 22 offers
Accenture Strategy CN with 22 offers
Tata Consultancy Services with 18 offers
McKinsey & Company with 16 offers
American Express with 15 offers
Ernst & Young India with 14 offers
Cogoport with 11 offers

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IIM Calcutta

The IIM Calcutta administered the placement process 2023 for 465 students. The institute saw 573 offers from as many as 190 recruiters. The average salary at the institute went up to INR 35.07 LPA from INR 34 LPA in the previous session. Top companies that participated in the IIM Calcutta placement process 2023 include Accenture Strategy, Bain & Company, Boston Consulting Group, EY Parthenon, McKinsey & Company, Amazon, Flipkart, Microsoft, Paytm, etc.

IIM Calcutta Placements 2023: Highlights

Features	Details
Average CTC offer	INR 35.07 LPA
Median CTC offer	INR 33.67 LPA
Total number of recruiters	190
Total number of students	465
Total number of job offers	573
Top recruiting domain	Consulting (40.5%)
Top recruiters	Accenture Strategy, Bain & Company, Boston Consulting Group, EY Parthenon and McKinsey & Company

IIM Lucknow

IIM Lucknow placement 2023 witnessed 100 per cent placements with maximum recruitment in Consulting domain. Top recruiters at IIM Lucknow included Aditya Birla Group, Accenture, Adobe, Alliance Bernstein, Alvarez and Marsal, Amagi, American Express, Asian Paints, Atlassian, Avendus Capital, Axis Group, Bain & Co., Bank of America Merrill Lynch, Barclays, Boston Consulting Group, Blue Yonder, Byju’s, Capgemini, Citi, Colgate Palmolive, Crediwatch, Dalberg, Deutsche Bank, Deloitte, Diageo, Eversana, Ernst and Young, Ernst and Young Parthenon, FinIQ, Flipkart, Gameskraft, Goldman Sachs, GSN Games, HDFC Bank, HSBC, Investec, Kearney, KPMG, Mastercard, McKinsey & Co., Microsoft, Myntra, Navi, Paytm, Pidilite, PricewaterhouseCoopers, RPG, Samsung, Standard Chartered, State Street, Stryker, Vodafone-Idea, Wells Fargo and Xiaomi participated, among others.

Highest international CTC offer stood at INR 65 LPA, while the highest domestic CTC offer was INR 1 crore per annum. The average domestic CTC offer stood at INR 32.20 LPA for PGP & PGP ABM.

IIM Lucknow Placements 2023: Highlights

Features	Details
Highest international CTC offered	INR 65 LPA
Highest domestic CTC offered	INR 1 crore per annum
Average CTC offered	- PGP & PGP ABM: INR 32.20 LPA - PGP SM: INR 30.44 LPA - IPMX: INR 26.47 LPA
Total number of offers	- PGP & PGP ABM: 632
Total number of students	- PGP & PGP ABM: 571 - PGP SM: 34 - IPMX: 108

IIM Indore

IIM Indore placement process 2023 recorded a rise in the average package. The average salary stood at INR 30.21 lakh per annum. While the highest salary package stood at 114 LPA.

Top recruiters this year included Bank of America, Deutsche Bank, Goldman Sachs, HDFC Bank, JP Morgan Chase & Co., Morgan Stanley, Blue Star, NPCI, PhonePe, AB InBev, Asian Paints, Hindustan Unilever Limited, L’Oreal, Boston Consulting Group, Marico, Amazon, Indiamart, Bain Capability Network among others.

IIM Indore Placements 2023: Highlights

Features	Details
Highest salary offered	INR 114 LPA
Average salary offered	INR 30.21 LPA
Number of recruiters	160+
Number of students	568
Top recruiting domain	Consulting (29%)

IIFT Delhi

IIFT, Delhi final placements for 2024 batch witnessed 100 per cent recruitment with average CTC of INR 29.1 lakh per annum. The highest international CTC offered stood at INR 85.4 lakh per annum, whereas the highest domestic CTC stood at INR 76.5 lakh per annum. Sales and Marketing firms made the maximum offers (22 per cent). Top recruiters in this domain included Accenture Strategy, Deloitte Consulting, EY, Infosys, Mckinsey & Co, Optum Advisory, Shangrila Corporate Services, Thoucentric, Wipro, ZS Associates among others.

IIFT Delhi Placements 2023: Highlights

Features	Details
Highest international salary offered	INR 85.4 LPA
Highest domestic salary offered	INR 76.5 LPA
Average salary offered	INR 29.1 LPA
Median salary offered	INR 26.5 LPA
Total number of recruiters	108
Number of international offers	17+
New recruiters	Accenture Strategy, Asian Paints, AU Small Finance Bank, CarDekho, Dell Technologies, Deloitte, Emami, EY, HCCB, Jio Platforms, Mars, Narayana Health, NFIL, Nucleus Software, Optum, RBL Bank, Searce, State Street and Udaan
Sector-wise maximum hiring	Sales & Marketing (22 per cent)

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FMS Delhi

FMS Delhi final placements for 2023 batch witnessed 100 per cent recruitment with average CTC of INR 34 lakh per annum. Maintaining the image of b-school with highest MBA package in India, FMS Delhi closed the placement drive with a highest salary of INR 123 LPA. The institute conducted placements for the 2021-23 batch with 273 students participated to get 283 offers. At FMS placements drive, top recruiters inlcuded Accenture Strategy, Adobe, Amazon, Bain & Co., Boston Consulting Group, Citibank, Coca-Cola, ITC Limited, Kearney, Media.net, Microsoft, Paytm, Standard Chartered among others.

FMS Delhi Placements 2023: Highlights

Features	Details
Highest salary offered	INR 123 LPA
Average Salary Offered	INR 34.1 LPA
Median Salary Offered	INR 31 LPA
Number of students participated	273
Number of offers made	283
Number of recruiters	110
Top Recruiters	Accenture Strategy, Adobe, Amazon, Bain & Co., Boston Consulting Group, Citibank

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XLRI Jamshedpur

XLRI, Jamshedpur final placement process 2023 batch witnessed 100 per cent hiring with all 463 eligible candidates receiving 487 offers. Top companies, including Boston Consulting Group, Microsoft, Amazon, P&G, Aditya Birla Group, ITC, Avendus Capital, Hindustan Unilever, and others. As per the XLRI placements the highest domestic salary domestic offered this year was 78.2 lakh per annum, while the average salary offered was INR 32.70 lakh per annum.

XLRI Jamshedpur Placements 2023: Highlights

Features	Details
Highest international salary	INR 110 LPA
Highest domestic salary	INR 78.2 LPA
Average domestic salary	INR 32.70 LPA
Median domestic salary	INR 30.00 LPA
Number of eligible candidates	463
Number of offers made	487
Total number of participating companies	117
Number of first-time recruiters	30

SPJIMR Mumbai

in the SPJIMR final placements 2023, the institute witnessed a rise in salary offers as compared to last year. The highest international CTC offer stood at INR 77.88 lakh per annum, while the highest domestic package stood at INR 67.50 LPA. The average salary offered this year was INR 33.02 lakh per annum; last year the average salary stood at INR 32.05 lakh per annum). A total of 112 pre-placement offers were made at SPJIMR.

SPJIMR Mumbai Placements 2023: Highlights

Features	Details
Highest international salary offered	INR 77.88 LPA
Highest domestic salary offered	INR 67.5 LPA
Average salary offered	INR 33.02 LPA
Median salary offered	INR 32.89 LPA
Total number of students	237
Total number of participating companies	63
Number of PPOs	112
Number of first time recruiters	33

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MDI, Gurgaon

Management Development Institute (MDI), Gurgaon completed its final placement process for 2021-23 with 100 per cent hiring of the batch comprising 472 students. This year, the institute witnessed the participation of 102 companies which included 21 new recruiters and a substantial rise in the average salary offered.

As per the MDI placements the highest salary offer this year stood at whopping INR 60 lakhs per annum. The average salary offer stood at INR 27.67 lakh per annum.

MDI Gurgaon Placements 2023: Highlights

Features	Details
Highest domestic salary offered	INR 60 LPA
Average salary offered	INR 27.67 LPA
Median salary offered	INR 26.13 LPA
First time recruiters	21
Number of participating companies	102
Total number of PPOs	154

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IMT Ghaziabad

IMT Ghaziabad 2023 final placement concluded with the highest international package of INR 65.6 LPA. According to the final placement report, the PGDM batch of 2023 at IMT Ghaziabad received an average package of 17.35 LPA and a median package of INR 16 LPA. The placement drive saw over 150 recruiters participating and offering new-age job roles to students across various sectors. Accenture, Adani Group, Asian Paints, Amazon, Bajaj, Cognizant, Deloitte were among the top recruiters at IMT Ghaziabad in 2023.

IMT Ghaziabad Placements 2023: Highlights

Features	Details
Highest salary offered	INR 65.60 LPA
Average salary offered	INR 17.35 LPA
Median salary offered	INR 16.00 LPA
Number of recruiters	150+
Top recruiters	Accenture, Adani Group, Asian Paints, Amazon, Bajaj, Cognizant, Deloitte, among others.

IRMA Anand

Institute of Rural Management Anand (IRMA) concluded its 42nd batch of placements with outgoing batch of 2023. According to the latest report, the batch of 250 participants of PGDM (RM) received 339 placement offers from the participating recruiters. As per the report, the highest and average package during IRMA placements 2023 were INR 26.50 LPA and INR 15.50 LPA, respectively.

Top recruiters nclude Flipkart, ICICI Bank, Axis Bank, Gujarat Cooperative Milk Marketing Federation Limited (AMUL), National Dairy Development Board, Cred Avenue, Crompton Greaves, Godrej Agrovet Ltd., ITC Ltd., Grant Thornton LLP, Licious, Tata Steel, Vedanta CSR, Yes Bank, Samunnati Financial Intermediation & Services Pvt. Ltd., IDFC First Bank, Dhwani Rural Information Systems, Adani Wilmar Ltd., Future Group, Dharampal Satyapal Group, Jio Platforms Ltd., DCM Shriram, Metro Cash n Carry, More Retail, Reliance Retail, Verghese Kurien Policy Lab at IRMA, among others.

IRMA Placements 2023: Highlights

Features	Details
Highest salary offered	INR 26.50 LPA
Average salary offered	INR 15.5 LPA
Median salary offered	INR 15.00 LPA
Number of Participating companies	250
Number of job offers	339
Total PPO	42
Number of recruiters	49

FAQs Related to MBA Placements

Q: What is the MBA placement process?

A: In the MBA placement process, the institute facilitates interaction between graduating students and companies looking for MBA graduates for managerial/consultant level jobs in various domains and industries.

Q: What is a pre-placement offer?

A: A pre-placement offer or PPO refers to the job offer before final placements. PPOs are based on summer internships. Depending on the candidate’s performance in the summer internship, the firms can communicate to the Institute their decision to offer the PPOs before the final placement process.

Q: Do companies pay a stipend in a summer internship?

A: Yes, companies pay handsome packages as a stipend in a summer internship. Candidates must avail the summer internship offered by their institute, as it also helps in getting pre placement offers in the final year.

Q: What is the average salary range offered at the IIMs?

A: The average salary range at IIMs during final placements range between INR 10 lakh per annum to INR 27 lakh per annum.

Q: What is the average salary CTC offered at IIM Bangalore?

A: The average CTC as per IIM Bangalore placement 2022 stood at INR 28.98 lakh per annum. Accenture Strategy, Amazon, Bain & Company, Goldman Sachs, McKinsey & Company, BCG, Microsoft, Paytm, Kearney were the top recruiters.

Q: Are the placement offers better at FMS than IIM?

A: FMS placements are at par with top IIMs like Ahmedabad, Bangalore and Calcutta and better than new IIMs. The average salary offered at FMS is usually around INR 25 lakh every year.

Q: Were the placement process of MBA colleges affected by COVID-19?

A: There was no serious effect on placements in MBA colleges affected by COVID-19. The placement process at several institutes took place virtually via video conferencing.

Q: In which IIMs do companies make international offers to MBA students?

A: IIMs that witness international offers during final placements are IIM Ahmedabad, IIM Bangalore, IIM Indore, IIM Lucknow, and IIM Calcutta.

Q: Is IMT Ghaziabad good for placements?

A: IMT Ghaziabad is one of the top-ranked MBA institutes in India and has a very good placement record. The highest domestic salary offered in 2022 stood at INR 62.00 lakh per annum.

Q: Does a candidate’s academic profile affect their campus placement?

A: Yes, the companies look for candidates with good grades, overall profile, summer internships, previous work experience, academic achievements to select a candidate for a particular role.

Q: What was the highest international salary offered as per IIM Calcutta?

A: The highest salary offer at IIM Calcutta in 2021 stood at INR 80 lakh per annum. In 2022, no international offer was made during the final placements process.

About the Author

Abhishek Dhawan

Assistant Manager – Editorial Content

With a creative soul, Abhishek is inclined towards anything in the creative space be it drawing, painting, craft, or writing. He has been working in the ed-tech industry since he started his career. Besides creative... Read Full Bio

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