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MBA Placement drive is one of the most vital parameters an MBA aspirant looks for before taking admission. The IIMs and the top B-Schools in India like MDI Gurgaon, XLRI Jamshedpur, NITIE Mumbai, SIBM Pune and many others have concluded their placement drive for the 2023 batch. Most candidates start their placement preparation in the first year of the MBA Program. In the year 2023, several IIMs maintained a 100% placement record.
During the 2023 MBA Placement drive, placement offers were made from the top recruiting sectors like Consulting, Business Analytics, General Management etc. IIM Bangalore students received 662 placement offers, the highest among the top IIMs & B-schools. IIM Calcutta students received 640 placement offers, IIM Kozhikode students received 571 placement offers & IIM Lucknow students received 534 offers.
| College Name | MBA Average Placements 2023 | MBA Average Placements 2022 | MBA Average Placements 2021 |
|---|---|---|---|
| Indian Institute of Management Ahmedabad | INR 34.36 LPA | INR 32.79 LPA | INR 27.54 LPA |
| Indian Institute of Management Bangalore | INR 35.3 LPA | INR 33.8 LPA | INR 28.98 LPA |
| Indian Institute of Management Calcutta | INR 35.07 LPA | INR 34.2 LPA | INR 28.75 LPA |
| Indian Institute of Management Lucknow | INR 32.2 LPA | INR 31.03 LPA | INR 26 LPA |
| Indian Institute of Technology Madras | INR 20.19 LPA | INR 16.66 LPA | INR 12.77 LPA |
| Indian Institute of Technology, Bombay | INR 30.35 LPA | INR 29.80 LPA | INR 21.96 LPA |
| Indian Institute of Technology, Kharagpur | INR 22.13 LPA | INR 19.36 LPA | INR 18.44 LPA |
| Indian Institute of Management Rohtak | INR 18.73 LPA | INR 16.06 LPA | INR 13.74 LPA |
| Indian Institute of Technology, Roorkee | INR 18.34 LPA | INR 16.80 LPA | INR 10.58 LPA |
| S. P. Jain Institute of Management & Research | INR 33.02 LPA | INR 32.06 LPA | INR 26.06 LPA |
| Indian Institute of Technology, Delhi | INR 25.82 LPA | INR 21.90 LPA | INR 18.5 LPA |
| Indian Institute of Management Kozhikode | INR 31.02 LPA | INR 31.02 LPA | INR 29.5 LPA |
| Indian Institute of Management Indore | INR 30.21 LPA | INR 25.01 LPA | INR 23.6 LPA |
| XLRI - Xavier School of Management | INR 32.7 LPA | INR 32.7 LPA | INR 30.73 LPA |
| National Institute of Industrial Engineering (IIM), Mumbai | INR 27.75 LPA | INR. 25.4 LPA | INR 19.5 LPA |
| Management Development Institute | INR 60 LPA | INR 26.65 LPA | INR 23.15 LPA |
| Indian Institute of Management Raipur | INR 21.04 LPA | INR 17.73 LPA | INR 15.11 LPA |
| Indian Institute of Management Ranchi | INR 17.3 LPA | INR 16.17 LPA | INR 14.69 LPA |
| Symbiosis Institute of Business Management | INR 26.77 LPA | INR 26.77 LPA | INR 23.06 LPA |
| Indian Institute of Management Tiruchirappalli | INR 20.55 LPA | INR 17.01 LPA | INR 14.85 LPA |
| Indian Institute of Technology Kanpur | INR 45 LPA | INR 16.61 LPA | INR 13.51 LPA |
| Indian Institute of Management Udaipur | INR 20.09 LPA | INR 17.82 LPA | INR 13.42 LPA |
| Indian Institute of Management Kashipur | INR 18.11 LPA | INR 15.21 LPA | INR 14.05 LPA |
| Indian Institute of Foreign Trade | INR 29.1 LPA | INR 25.16 LPA | INR 21.08 LPA |
Top 5 IIMs Previous Year Salary Trends
The following graph highlights the previous year salary statistics of 5 of the top IIMs.
The average salary was the highest for IIM Calcutta followed by IIM Bangalore. The median salary was the highest for the IIM Ahmedabad followed by IIM Bangalore & IIM Calcutta.
The highest number of placement offers will be made in the Consulting, IT, Strategy, Finance, Manufacturing etc sectors at the end of the placement drives of all the top MBA colleges.
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MBA Placements 2023 in Top Colleges in India
The below table represents the the salary statistics of top 20 MBA colleges:
| Colleges | Highest Salary | Average Salary | Median Salary |
|---|---|---|---|
| IIM Ahmedabad | INR 1.15 CPA | INR 34.3 LPA | INR 39.4 LPA |
| IIM Bangalore | - | INR 35.3 LPA | INR 31.2 LPA |
| IIM Calcutta | INR 1.15 CPA | INR 35.07 LPA | INR 31 LPA |
| IIT Delhi | INR 36.7 LPA | INR 21.9 LPA | INR 20.6 LPA |
| IIM Kozhikode | INR 61.5 LPA | INR 29.5 LPA | INR 26.5 LPA |
| IIM Lucknow | INR 61.59 LPA | INR 31.03 LPA | INR 29 LPA |
| IIM Indore | INR 70 LPA | INR 25.01 LPA | INR 24.09 LPA |
| XLRI Jamshedpur | INR 60 LPA | INR 30.73 LPA | INR 29 LPA |
| NITIE Mumbai | INR 49 LPA | INR 25.41 LPA | - |
| IIT Madras | INR 25.30 LPA | INR 16.66 LPA | - |
| IIT Bombay | INR 49 LPA | INR 25.9 LPA | INR 25.8 LPA |
| IIT Kharagpur | INR 31.98 LPA | INR 19.36 LPA | INR 18.08 LPA |
| MDI Gurgaon | INR 1.14 CPA | - | INR 23.50 LPA |
| IIM Raipur | INR 42.15 LPA | INR 17.73 LPA | INR 16.95 LPA |
| IIM Ranchi | INR 32.21 LPA | INR 16.17 LPA | INR 15.50 LPA |
| IIM Rohtak | INR 32 LPA | INR 16.06 LPA | INR 15 LPA |
| SIBM Pune | INR 45.50 LPA | INR 23.06 LPA | INR 20.80 LPA |
| IIM Trichy | INR 34 LPA | INR 17.01 LPA | INR 16 LPA |
| IIT Roorkee | INR 25.8 LPA | INR 16.8 LPA | INR 18 LPA |
| IIT Kanpur | INR 22 LPA | INR 16.61 LPA | INR 16 LPA |
During MBA Placements 2023, the highest salary was bagged by IIM Ahmedabad and IIMB.
Top IIM Recruiters
The below table shows the top recruiters which participated in the IIM Placements 2023:
| Boston Consulting Group | Morgan Stanley | Emaar |
| HSBC | Tresvista | BNY Mellon |
| Nomura | Kotak Mahindra Bank | SBI Life |
| Aditya Birla Group | Ultra Tech | Amazon |
| Accenture | Infosys | MPL |
| Abott | Hindustan Unilever Limited | OPTUm |
| Deloitte | Myntra | Piramal |
| Wipro | Yes Bank | Reliance |
| Udaan | Uber | Tech Mahindra |
| Swiggy | Infosys | Pidilite |
Top Sectors for IIM Placements
The below table shows the top sectors in which the students were placed in 2023
| Consulting | Business Analytics | Corporate Finance & Commercial Banking | E-commerce |
| General Management | IT/Product Management | Management Consulting | Marketing & Sales |
| Operations | Online Services | IT & Healthcare | Agri Input |
| BFSI | Conglomerates | FMCG | Engineering /Technology |
| Manufacturing | Media & Communications | Pharmaceuticals | Telecom |
| EdTech | Online Payment | Retail B2B & B2C | Environment & Energy |
| Retail & E- Commerce | E-Business | Sales & Marketing | General Management |
IIM MBA Abroad Placements
The below table shows the international highest salary received by IIM students:
| Colleges | Highest International Salary |
|---|---|
| IIM Ahmedabad | INR 1.15 CPA |
| IIM Indore | INR 70 LPA |
| IIM Lucknow | INR 61.59 LPA |
| IIM Sambalpur | INR 41 LPA |
MBA Placements Top Recruiters
The below table represents some of the top recruiters who participated during MBA Placements of various colleges:
| Boston Consulting Group | TATA Administrative Services |
| Emaar | Nomura |
| Ola | Samsung |
| CK Birla Group | Accenture Strategy |
| Amazon | Microsoft |
| Flipkart | Myntra |
| Vodafone Idea | Winzo Games |
| BMW | CISCO |
| Airtel | Swiggy |
| IBM | Deloitte |
| Aditya Birla Group | Infosys |
| EY | HCL |
| Capgemini | Cognizant |
| ICICI Bank | HDFC Bank |
IIM Ahmedabad Placements 2023
The below table shows the highlights of IIM Ahmedabad Placements 2023
| Batch | Placements Statistics 2023 |
|---|---|
| Number of Students Registered | 121 |
| Number of Offers | 172 |
| New Recruiters | 20 |
| HIghest Package | INR 1.15 CPA |
| Highest Domestic Package | INR 61.49 LPA |
| Median Package | INR 31.88 LPA |
| Increase In Median Package | 21% |
| Major Sectors | IT & Healthcare |
The following table represents the sector wise previous year PGPX placements at IIM Ahmedabad:
| Sectors | Percentage of Students Placed |
|---|---|
| Online Services, IT & Healthcare | 45 |
| Consulting | 41 |
During the placement drive, 45 students were placed in the Online Services, IT & healthcare sector followed by 41 students who were placed in the Consulting sector.
IIM Ahmedabad Placements Company – Wise
The following table represents the company wise placements for the previous batch at IIM Ahmedabad:
| Name of the Company | Number of Offers |
|---|---|
| BCG | 47 |
| Accenture Strategy | 32 |
| Paytm | 20 |
| PwC | 13 |
| American Express | 11 |
| OYO | 10 |
| Goldman Sachs | 7 |
| American Express | 5 |
| Bank of America | 4 |
IIM Bangalore Placements 2023
The below table represents the highlights of IIM Bangalore Placements 2023
| Batch | Placement Statistics 2023 | Placement Statistics 2022 |
|---|---|---|
| Batch Size | - | 524 |
| Students Opted Out | - | 11 |
| Number of Offers | 606 | 662 |
| Number of Companies Participated | 164 | 137 |
| PPOs Offered/Accepted | 291 | 273/181 |
| Lateral Offers Made/Accepted | 94/82 | 180/127 |
| Final Placement Offers Made/Accepted | 221 | 209/205 |
| International Offers | 14 | 6 |
| Average Salary | INR 35.31 LPA | INR 33.8 LPA |
| Median Salary | INR 33 LPA | INR 31.2 LPA |
| Major Sector | Management Consulting | Management Consulting |
| Top Recruiters | BCG, Bain & Company, Accenture Strategy | Accenture Strategy, Amazon, Microsoft |
IIM Bangalore Placements Domain - Wise
The below table represents the previous year domain - wise statistics of IIM Bangalore Placements
| Domains | Percentage of Students Placed |
|---|---|
| Management Consulting | 42% |
| IT/Product Management | 20% |
| E-Commerce | 11% |
| Corporate Finance and Commercial Banking | 10% |
| General Management | 7% |
| Marketing and Sales | 5% |
| Business Analytics | 4% |
IIM Bangalore Placements Year-Wise Trends
The below graph shows the year-wise salary trends of IIM Bangalore:
The average salary increased from INR 28.98 LPA in 2021 to INR 33.8 LPA. The median salary increased from INR 28.6 LPA in 2021 to INR 31.2 LPA.
IIM Calcutta Placements 2023
The below table represents the highlights of IIM Calcutta Placements 2023
| Particulars | Placement Statistics 2023 | Placement Statistics 2022 |
|---|---|---|
| Total Number of Students | 465 | 479 |
| Number of Recruiters | 190 | 192 |
| Number of Offers | 573 | 640 |
| Highest CTC (International) | INR 94.82 LPA | - |
| Highest CTC (Domestic) | INR 1.15 CPA | - |
| Average CTC | INR 35.07 LPA | INR 34.2 LPA |
| Median CTC | INR 33.67 LPA | INR 31 LPA |
| Major Sectors | Consulting | Consulting |
| Top Recruiters | Avendus Capital, Citi Bank, Deutsche Bank, HSBC, Goldman Sachs, Morgan Stanley, Standard Chartered | Amazon, Flipkart, Microsoft |
During the placement drive, the highest number of placement offers were made from the Consulting domain.
IIT Delhi MBA Placements 2023
The below table represents the highlights of IIT Delhi MBA Placements 2023
| particulars | Placements Statistics 2023 | Placements Statistics 2022 |
|---|---|---|
| Placement Percentage | 100% | 100% |
| Highest Salary | INR 41.13 LPA | INR 36.7 LPA |
| Average Salary | INR 25.82 LPA | INR 21.9 LPA |
| Median Salary | INR 24.45 LPA | INR 20.6 LPA |
| Average Salary of the Female Students | INR 24.01 LPA | INR 21.9 LPA |
| Major Industries | IT & Analytics | Information Technology, Supply Chain & Operations |
| Top Recruiters | Adani, Amazon, KPMG, Infosys, MRF, Jio, Cognizant, Delhivery | Accenture, Capgemini, Flipkart, Gartner |
The below table shows the domain - wise statistics of IIT Delhi MBA Placements 2023
| Domains | Percentage of Offers |
|---|---|
| IT & Analytics | 24.5% |
| Sales & Marketing | 22.1% |
| Strategy & Consulting | 17.2% |
| Finance | 14.0% |
| Supply Chain and Operations | 11.5% |
| General Management and Human Resources | 10.7% |
IIM Kozhikode Placements 2023
The below table shows the highlights of IIM Kozhikode Placements 2023 vs 2022:
| Particulars | Placement Statistics 2023 | Placement Statistics 2022 |
|---|---|---|
| Placement Rate | 100% | 100% |
| Batch Size | 556 | 546 |
| Number of Companies Participated | 123 | 116 |
| Number of New Recruiters | 36 | 39 |
| Number of Offers | 559 | 571 |
| PPO/PPI | - | 38% |
| Highest CTC | INR 67.02 LPA | INR 61.5 LPA |
| Average CTC | INR 31.02 LPA | INR 29.5 LPA |
| Average CTC for Top 50% | INR 27 LPA | INR 39.2 LPA |
| Median CTC | - | INR 26.5 LPA |
| Major Domains | Consulting | Consulting and BFSI |
| Top Recruiters | EXL, Jio, Makemytrip, Microsoft, Walmart | Accenture, Amazon, Microsoft |
IIM Kozhikode Placements 2023 Sector - Wise
| Domains | Percentage of Offers |
|---|---|
| Consulting | 33% |
| Finance | 26% |
| General Management | 14% |
| IT/ Analytics | 11% |
| Operations | 6% |
| Sales & Marketing | 10% |
IIM Kozhikode Placements 2022 Sector - Wise
The below table shows the sector - wise data of IIM Kozhikode Placements 2022:
| Sectors | Offers Percentage |
|---|---|
| Consulting | 41% |
| BFSI | 19% |
| Retail & E - Commerce | 13% |
| IT/Analytics | 12% |
| Manufacturing | 5% |
| Technology, Media & Telecommunication | 3% |
| Conglomerates | 3% |
| Others | 4% |
During the placement drive, the highest number of offers were made from the Consulting sector.
IIM Kozhikode Placements 2023 Domain - Wise
The below table represents the domain - wise highlights of IIM Kozhikode Placements 2023 and 2022
| Domains | Percentage of Offers | Average CTC | Highest CTC |
|---|---|---|---|
| Consulting | 33% | INR 34.26 LPA | INR 40.25 LPA |
| Finance | 26% | INR 27.97 LPA | INR 48 LPA |
| General Management | 14% | INR 29.37 LPA | INR 49 LPA |
| IT/ Analytics | 11% | INR 33.35 LPA | INR 67.02 LPA |
| Operations | 6% | INR 31.09 LPA | INR 49 LPA |
| Sales & Marketing | 10% | INR 28.29 LPA | INR 34 LPA |
IIM Kozhikode Placements 2022 Domain - Wise
| Domains | Offers Percentage | Average Salary | Highest Salary |
|---|---|---|---|
| Consulting | 41% | INR 30.7 LPA | INR 44.87 LPA |
| Finance | 15% | INR 21.5 LPA | INR 32 LPA |
| General Management | 6% | INR 25.46 LPA | INR 28 LPA |
| IT / Analytics | 15% | INR 32.8 LPA | INR 55.2 LPA |
| Operations | 10% | INR 35.59 LPA | INR 49 LPA |
| Sales & Marketing | 13% | INR 28.33 LPA | INR 61.5 LPA |
During the placement drive, the highest number of placement offers were made from the Consulting domain. The highest salary came from the Sales & Marketing domain followed by the IT/ Analytics domain.
IIM Lucknow Placements 2023
The below table shows the highlights of IIM Lucknow Placements 2022:
| Batch | Placement Statistics 2023 | Placement Statistics 2022 |
|---|---|---|
| Percentage Of Students Placed | 100% | 100% |
| Number of Students | 556 | 491 |
| Number of Recruiters Participated | 200+ | 150 |
| Number of Offers | 632 | 534 |
| Highest International CTC | INR 65 LPA | INR 61.59 LPA |
| Highest Domestic CTC | INR 1 CPA | INR 58 LPA |
| Average CTC | INR 32.23 LPA | INR 31.03 LPA |
| Median CTC | INR 30 LPA | INR 29 LPA |
| Major Sectors | - | Consulting, Finance, General Management |
| Top Recruiters | Barclays, Accenture, BCG, Deloitte, Amazon, Jio, Capgemini, KPMG | Microsoft, Myntra, Winzo Games, Vodafone - Idea |
IIM Indore Placements 2023
The below table represents the highlights of IIM Indore Placements 2023 vs 2022:
| Particulars | Placement Statistics 2023 | Placement Statistics 2022 |
|---|---|---|
| Number of Students | 568 | 572 |
| Number of Recruiters | 160 | 200+ |
| First Time Recruiters | 80 | 30 |
| Highest International CTC | - | INR 70 LPA |
| Highest Domestic CTC | INR 1.14 CPA | INR 49 LPA |
| Top 100 Students CTC | - | INR 37.95 LPA |
| Average CTC | INR 30.21 LPA | INR 25.01 LPA |
| Median CTC | INR 27.2 LPA | INR 24.09 LPA |
| Major Domains | Consulting | Consulting & Finance |
| Top Recruiters | Accenture Strategy, Acuvon Consulting, Aspect Ratio, Avalon Consulting, Bain & Company, BCG, Deloitte India, Deloitte USI, Everest Group, etc. | Accenture Strategy, BMW, Cisco |
The below table represents the highlights of XLRI Jamshedpur Placements 2023 vs 2022:
| Particulars | Placement Statistics 2023 | Placement Statistics 2022 |
|---|---|---|
| Placement Percentage | 100% | 100% |
| No. of Recruiters | 117 | 99 |
| No. of New Recruiters | 30 | 23 |
| PPOs | 43.8% | 40.28% |
| No. of Students Placed | 463 | 427 |
| Highest CTC |
INR 1.1 CPA (International) INR 78.2 LPA (Domestic) |
INR 60 LPA |
| Average CTC | INR 32.7 LPA | INR 30.73 LPA |
| Median CTC | INR 30 LPA | INR 29 LPA |
| Average CTC (Top 10%) | INR 57.7 LPA | INR 48.42 LPA |
| Average CTC (Top 25%) | INR 46.8 LPA | INR 41.2 LPA |
| Top Recruiters | Amazon, American Express, BCG, Deloitte, Google, Microsoft, Walmart | Swiggy, American Express, FreshWorks |
The below table shows the highlights of NITIE IIM Mumbai Placements 2023:
| Particulars | Placements Statistics 2023 | Placements Statistics 2022 |
|---|---|---|
| Number of Companies Participated | 161 | 111 |
| Total Number of Students | 46 | 464 |
| Number of Offers | 129 | 160 |
| Percentage of Students offered PPOs | - | 33% |
| Highest Salary | INR 78.20 LPA | INR 49 LPA |
| Average Salary | INR 25.27 LPA | INR 25.41 LPA |
| Top Recruiters | Apple, Accenture Strategy, Zepto, Wipro | Amazon, Deloitte, KPMG, Flipkart |
The below table shows the highlights of IIT Madras MBA Placements 2023:
| Particulars | Placements Statistics 2023 | Placements Statistics 2022 |
|---|---|---|
| Number of recruiters | 26 | 34 |
| Number of students registered | 62 | 71 |
| Number of PPOs | 42% | 16% |
| Highest salary | INR 30.6 LPA | INR 25.30 LPA |
| Average salary | INR 20. 19 LPA | INR 16.66 LPA |
| Top 10% average salary | INR 29.30 LPA | INR 22.47 LPA |
| Top 25% average salary | INR 26.69 LPA | INR 21.62 LPA |
| Top 50% average salary | INR 24.03 LPA | INR 20.27 LPA |
| Major domain | Analytics (29.7%) & General Management (25.7%) | Finance, Marketing, Analytics |
| Top recruiters | Accenture, CISCO, Cognizant, Dell, Deloitte, Hexaware, HSBC etc | EY, ICICI Bank, Tiger Analytics, Dell, Amazon, IBM, Mahindra & Mahindra |
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