IIM Raipur Placements 2023: Average salary for top 10% students stood at INR 34.64 LPA

The average salary this year stood at INR 21.04 lakh with a 19% increase from last year whereas the median CTC was INR 20 lakh marking an 18% increase.

IIM Raipur Placements 2023: Indian Institute of Management (IIM) Raipur concluded its placement process for 255 students. The highest CTC during IIM Raipur Placements 2023 stood at INR 67.60 lakh per annum. The average salary this year stood at INR 21.04 lakh with a 19% increase from last year whereas the median CTC was INR 20 lakh marking an 18% increase.

107 companies participated in IIM Raipur Placements 2023

The top 10% students of IIM Raipur received an average salary of INR 34.64 LPA while the top 25% got INR 28.25 lakh. The top 50% students grabbed INR 24.77 LPA as the average CTC. 107 companies participated in the IIM Raipur placements 2023 including 32 new.

Sector-wise, the highest recruiting sector was banking financial services and insurance (BFSI) hiring 32% students with an average and maximum CTC of INR 21.02 lakh and INR 32.50 lakh, respectively. The IT or ITES was the second-highest recruiting sector making 23% offers  with INR 21.29 lakh and INR 43.43 LPA as average and maximum CTC respectively. This was followed by strategy and consulting with 14% recruitments and an average of INR 19.64 lakh and highest salary of INR  32.21 lakh. The FMCG or FMCD sector recruited 12% students with an average of INR 21.78 lakh and highest at INR 67.60 lakh. Manufacturing domain also recruited 12% with an average of INR 22.39 lakh and highest INR 62.00 LPA,while 7% were recruited in miscellaneous with an average of INR 19.55 lakh and highest salary at INR 25.50 lakh.

Highest number of students placed in sales and marketing domain

The sales and marketing domain had the highest (29%) number of students placed with an average CTC of 20.98 LPA and highest CTC of INR  67.60 lakh, followed by analytics and consulting recruiting 28% with an average salary of INR 19.09 LPA and highest of INR  32.21 lakh. The operations and IT made 20% recruitments with an average of INR  23.00 lakh and highest of INR  43.43 LPA, financial management 12% recruitments with average CTC of INR  20.87 LPA and highest of INR  32.50 lakh, general management (11% recruited, average of INR  22.94 LPA and highest of INR  62.00 LPA). IIM Raipur summer internship placements also recorded an increase of 16% in the average stipend which stood at INR 1.39 lakh, and the highest stipend was INR 3.50 lakh. A total of 109 companies visited for summer placements and the batch of 328 first-year students secured 100% placements. The median stipend was INR 1.50 lakh with a 50% increase from last year.

The top 10% students got an average stipend of INR 2.79 lakh, the top 25% got INR 2.43 lakh and the top 50% got INR 2.11 lakh as the average stipend.

Professor Ram Kumar Kakani, IIM Raipur director, said, “We are thrilled with the success of our students in the placements, which is a testament to their hard work and the quality of education we provide. We will continue to strive towards excellence and prepare our students to become leaders in their respective fields”. Professor Parikshit Charan, Chairperson (Placements), said, “Our highlights reflect the dedication of our faculty, students, alumni, employers, and stakeholders at large who help create leaders who are prepared and energized to transform the business”.

Read More:

• IRMA Placement 2023: Highest salary stood at INR 26.5 lakh