BITSoM MBA Placements 2024: Average CTC stood at INR 23.41 LPA

BITSoM MBA Placements 2024: Average CTC stood at INR 23.41 LPA

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Anum Ansari
Assistant Manager – Content
New Delhi, Updated on Jul 31, 2024 15:10 IST

Students with prior work experience, who previously earned an average salary of INR 6.81 lakh, have seen a significant increase to an average post-MBA CTC of INR 24.14 lakh, representing a 254% rise. Notably, 77% of the placed students secured a CTC of INR 20 lakh or more.

BITSoM MBA Placements 2024

BITSoM Placements 2024: BITS School of Management, Mumbai (BITSoM), has released the placement results for its second MBA cohort (2022-24), showcasing robust outcomes. The average CTC for placed students is INR 23.41 lakh per annum, closely aligning with last year’s average of INR 23.50 lakh. The top CTC stands at INR 50 lakh, while the median CTC is INR 24 lakh. Students with prior work experience, who previously earned an average salary of INR 6.81 lakh, have seen a significant increase to an average post-MBA CTC of INR 24.14 lakh, representing a 254% rise. Notably, 77% of the placed students secured a CTC of INR 20 lakh or more.

Placement Statistics and Top Earnings

The top 10% of placed students achieved an average CTC of INR 31.88 lakh per annum. The average CTC for the top 30% is INR 28.86 lakh, INR 27.64 lakh for the top half, and INR 25.38 lakh for the top 75% of students. Among the class of 131, 41 students accepted pre-placement offers, while three opted out of the placement process. Although the structured placement process has ended, BITSoM continues to seek opportunities for the nine students who have yet to secure positions.

Diverse Range of Employers and Roles

This year’s placements attracted top-tier firms across various sectors including Consulting, Finance, General Management, Sales & Marketing, and Product Management & Technology. Leading consulting firms such as McKinsey & Co, The Boston Consulting Group, Arthur D Little, and others participated in the process, offering roles in management consulting, tech consulting, and M&A. Prominent BFSI sector employers included JP Morgan India, ICICI Bank, and Aditya Birla Capital.

Management trainee programs were offered by companies like Hindustan Unilever and Vodafone Idea. Other notable employers include Signify Innovations India, Jubilant Foodworks, and Siemens Healthineers India. New-age tech companies such as Flipkart and Avalon Technologies also hired for roles in Product Management and Technology.

Dr Saravanan Kesavan, Dean of BITSoM, expressed his satisfaction with the placement results. He noted, “Our students have demonstrated exceptional resilience and skill to secure excellent outcomes during a challenging placement year. The dedication of our Industry Partnership & Career Services (IPCS) team and our unique curriculum have significantly contributed to this success. BITSoM is committed to becoming one of the top business schools in the country, and we continue to work diligently towards this goal with a strategic vision and determination.”
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Q:   What is the highest package offered during BITSoM placements?

A:

As per the latest report, the highest package offered during BITSoM placements 2024 stood at INR 50 LPA. This package was offered to the students of MBA batch 2024. Additionally, students who had previously worked full-time and reported the last-drawn average package of INR 6.81 LPA were placed post-MBA with an average package of INR 24.14 LPA. The highest paclage offered during BITSoM placements between 2023 and 2024 are tabulated below:

Particulars

Placement Statistics (2023)

Placement Statistics (2024)

Highest package

INR 50.10 LPA

INR 50 LPA

Q:   How are the summer placements at BITSoM?

A:

The second Management batch of BITS School of Management has achieved 100% summer internship placements. Further, the BITSoM average package (stipend) offered during BITSoM summer placements 2023-25 stood at INR 1.75 Lacs for two months. Further, 50 recruiters visited the campus and 131 offers were made during BITSoM Placements (summer internships) for its founding batch of 2023-25. The key highlights of BITSoM Mumbai summer placements 2021-23 and 2023-25 batch are presented in the below-mentioned table:

Particulars

Statistics (2021-2023)

Statistics (2023-2025)

Summer placement percentage

100%

100%

Total students participated

132

131

Total students placed

132

131

Total offers made

141

NA

Total companies visited

50

50

Average stipend

INR 161,610 (for two months)

INR 1,75,000 (for two months)

Average stipend of top 10% students

INR 301,538 (for two months)

INR 3,42,000 (for two months)

Average stipend of top 30% students

INR 261,712 (for two months)

INR 3,06,000 (for two months)

Average stipend of top 50% students

INR 229,280 (for two months)

INR 2,70,000 (for two months)

Q:   How are the placements at BITSoM?

A:

BITSoM offers decent placements for its MBA course. In 2024, 41 students received PPOs from reputed companies. The highest and average package offered during BITSoM MBA placement 2024 stood at INR 50 LPA and INR 23.41 LPA, respectively. The key highlights of BITSoM placements for the MBA Class of 2023 and 2024 are presented below:

Particulars 

Placement Statistics (2023) 

Placement Statistics (2024)

Highest package

INR 50.10 LPA

INR 50 LPA

Average package

INR 23.85 LPA

INR 23.41 LPA

Top 10% students average package

INR 37.02 LPA

INR 31.88 LPA

Top 30% students average package

INR 30.42 INR

INR 28.86 INR

Top 50% students average package

INR 28.17 INR

INR 27.64 INR

Median package

INR 23 INR

INR 24 INR

Total students accepted PPOs 

37

41

Q:   What is the average package of BITSoM Mumbai?

A:

As per the latest report, the BITSoM average package offered to the MBA Class of 2024 stood at INR 23.41 LPA. The overall and top 10%, 30% and 50% students' average package offered during BITSoM placements 2023 and 2024 are tabulated below:

Particulars 

Placement Statistics (2023) 

Placement Statistics (2024)

Overall average package

INR 23.85 LPA

INR 23.41 LPA

Top 10% students average package

INR 37.02 LPA

INR 31.88 LPA

Top 30% students average package

INR 30.42 INR

INR 28.86 INR

Top 50% students average package

INR 28.17 INR

INR 27.64 INR

Q:   What is the average package of MBA batch passing out of BITSoM Mumbai going to be (approximately)?

A:

As per the latest report, the BITSoM average package offered to the MBA Class of 2024 stood at INR 23.41 LPA. The overall and top 10%, 30% and 50% students' average package offered during BITSoM placements 2023 and 2024 are tabulated below:

Particulars 

Placement Statistics (2023) 

Placement Statistics (2024)

Overall average package

INR 23.85 LPA

INR 23.41 LPA

Top 10% students average package

INR 37.02 LPA

INR 31.88 LPA

Top 30% students average package

INR 30.42 INR

INR 28.86 INR

Top 50% students average package

INR 28.17 INR

INR 27.64 INR

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Anum Ansari
Assistant Manager – Content

"Writing is not about accurate grammar, it's about the honest thoughts you put in it". Having a versatile writing style, Anum loves to express her views and opinion on different topics such as education, entertainme... Read Full Bio

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