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Amrapali Bhowmik

Updated on 09th January, 2024 , 2 min read

IIM Placements 2023: Salary, Companies and Fees

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IIM Placements 2023: Check Salary Packages, Companies, and MBA Fees for the 21 IIMs

Every year, the placement process for IIMs takes place between December and February. The final reports of placement are released within July, every year. The average salary offered to students of the top IIMs ranges between INR 25-30 LPA and that of the new IIMs ranges between INR 14-20 LPA. The highest salary offered in the top IIMs was between INR 70 LPA and 1 crore per annum, including international offers.

IIM Placements 2023

The Indian Institute of Management (IIMs) are the top-most business schools in India, offering excellent education in management. IIMs have exceptional placement records in top companies such as Walmart, JP Morgan Chase, KPMG, Deloitte, Barclays, Amazon, Zomato, TCS, etc. These companies visit the IIM campus every year to provide job roles in consulting, management, human resources, marketing, operations, investment banking, and more.

 

The placement process at IIMs consists of 3 main parts. These are

 

  • Summer Placements: In the summer placements, students are recruited for internships by various companies. Some may also receive Pre Placement Offers (PPO) through these internships. 

 

  • Lateral Placements: In the lateral placements, the two-year MBA/PGP students having a work experience of a minimum of 18 months are recruited by companies for various positions.

 

  • Final Placements: In the final placements, the final year students of MBA/PGP students are recruited for full-time jobs by companies.

 

Let us further discuss these top companies visiting the IIMs for campus placements, and the salary packages offered to the students.

IIM Placements 2023: Salary Package

Below is a list of the highest and average salary packages offered in the 2023 campus placements of all the IIMs.

Name of IIM

Highest CTC Offered (INR)

Average CTC Offered (INR)

IIM Ahmedabad

INR 61.48 LPA

INR 32.79 LPA

IIM Bangalore

Data not available

INR 35.31 LPA

IIM Calcutta

INR 1.15 CPA

INR 35.07 LPA

IIM Lucknow

INR 66.00 LPA

INR 32.20 LPA

IIM Indore

INR 1.14 CPA

INR 30.21 LPA

IIM Kozhikode

INR 67.00 LPA

INR 31.02 LPA

IIM Shillong

INR 71.30 LPA

INR 26.96 LPA

IIM Rohtak

INR 36.00 LPA

INR 18.73 LPA

IIM Ranchi

INR 67.00 LPA

INR 35.50 LPA

IIM Raipur

INR 43.43 LPA

INR 21.04 LPA

IIM Trichy

INR 41.61 LPA

INR 20.55 LPA

IIM Kashipur

INR 37.00 LPA

INR 18.10 LPA

IIM Udaipur

INR 35.04 LPA

INR 20.02 LPA

IIM Nagpur

INR 64.00 LPA

INR 16.74 LPA

IIM Visakhapatnam

INR 32.65 LPA

INR 16.61 LPA

IIM Bodh Gaya

INR 48.58 LPA

INR 14.96 LPA

IIM Amritsar

INR 36.25 LPA

INR 16.51 LPA

IIM Jammu

INR 64.00 LPA

INR 14.45 LPA

IIM Sirmaur

INR 64.12 LPA

INR 14.45 LPA

IIM Sambalpur

INR 64.61 LPA

INR 16.63 LPA

 

IIM Placements 2023: Highest International Packages Offered

Below is a list of the highest salary packages offered by international companies in the 2023 campus placements of the IIMs.

Name of IIM

Highest International CTC Offered (INR)

IIM Ahmedabad

INR 1.32 CPA

IIM Lucknow

INR 61.59 LPA

IIM Indore

INR 89.25 LPA

IIM Kashipur

INR 48.50 LPA

IIM Udaipur

INR 33.00 LPA

IIM Ranchi

INR 59.36 LPA

IIM Sambalpur

INR 58.00 LPA

 

IIM Placements 2023: Top Recruiting Companies

Name of IIM

Top Recruiting Companies

IIM Ahmedabad

Emaar, A91 Partners, BCG, PwC, KPMG, HSBC

IIM Bangalore

BCG, Bain & Company, Accenture Strategy

IIM Calcutta

Data not available

IIM Lucknow

Accenture, Amazon, Barclays, BCG, Capgemini, Deloitte, Jio, KPMG

IIM Indore

Amazon, BCG, Cipla

IIM Kozhikode

Accenture, Deloitte, Tech Mahindra

IIM Shillong

Aditya Birla Capital, Amagi, Amazon, Bain& Company, Capgemini

IIM Rohtak

Data not available

IIM Ranchi

Data not available

IIM Raipur

Data not available

IIM Trichy

Cognizant, Deloitte, GAIL, Accenture, Amazon, BNY Mellon, HSBC, ICICI, Infosys Consulting, Avalon Consulting, Bain & Co., etc.

IIM Kashipur

Axis Bank, Capgemini, Amazon, Cognizant, ICICI Bank, Gartner, E&Y

IIM Udaipur

Aditya Birla Capital Limited, Edelweiss Financial Services, Capital Quotient, Blitz Jobs, BES Consultants, KPMG, Ernst & Young

IIM Visakhapatnam

Data not available

IIM Bodh Gaya

Axis Bank, BNY Mellon, IDBI Bank, SBI Capital

IIM Nagpur

ICICI Bank, Yum Brands, BNY Mellon, Cognizant, Accenture

IIM Amritsar

Accenture, Adani, Deloitte, Cognizant, KPMG, Yes Bank, Infosys, L&T

IIM Jammu

Data not available

IIM Sirmaur

Ernst & Young, ICICI Bank, ICICI Prudential, DCM Shriram, VE Commercial Vehicles, Tech Mahindra

IIM Sambalpur

Data not available

MBA Fees for the 21 IIMs

Name of IIM

IIM MBA Fees

IIM Ahmedabad

INR 24.61 lakh

IIM Bangalore

INR 24.50 lakh

IIM Calcutta

INR 27.00 lakh

IIM Lucknow

INR 20.70 lakh

IIM Indore

INR 21.14 lakh

IIM Kozhikode

INR 20.50 lakh

IIM Shillong

INR 17.50 lakh

IIM Rohtak

INR 17.60 lakh

IIM Ranchi

INR 17.50 lakh

IIM Raipur

INR 16.10 lakh

IIM Trichy

INR 21.00 lakh

IIM Kashipur

INR 17.30 lakh

IIM Udaipur

INR 19.00 lakh

IIM Visakhapatnam

INR 17.58 lakh

IIM Bodh Gaya

INR 15.50 lakh

IIM Nagpur

INR 18.00 lakh

IIM Amritsar

INR 16.00 lakh

IIM Jammu

INR 17.15 lakh

IIM Sirmaur

INR 15.75 lakh

IIM Sambalpur

INR 13.08 lakh

IIM Mumbai

INR 21.00 lakh

 

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Frequently Asked Questions

What is the average salary package offered at IIMs?

The average salary offered to students of the top IIMs ranges between INR 25-30 LPA and that of the new IIMs ranges between INR 14-20 LPA.

What is the highest salary package offered at IIMs?

The highest salary package offered at the top IIMs is between INR 70 LPA and INR 1 CPA.

When do IIM placements take place?

The placement process for IIMs takes place between December and February. The final reports of placement are released within July, every year.

What is the placement process at IIMs?

The placement process at IIMs consists of 3 main parts. These are Summer Placements: In the summer placements, students are recruited for internships by various companies. Some may also receive Pre Placement Offers (PPO) through these internships. Lateral Placements: In the lateral placements, the two-year MBA/PGP students having a work experience of a minimum of 18 months are recruited by companies for various positions. Final Placements: In the final placements, the final year students of MBA/PGP students are recruited for full-time jobs by companies.

What kind of roles are offered to students during IIM placements?

Every year, various companies visit the IIM campus to provide job roles in consulting, management, human resources, marketing, operations, investment banking, and more.

What are the fees of IIM for an MBA?

The fees of IIM for an MBA range between INR 15.50 lakhs to INR 27 lakhs.

Which IIM has the lowest MBA fees?

IIM Bodh Gaya has the lowest MBA fees. It has a fee of INR 15.50 lakhs

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