IIM Placements 2023

Nearly 5,000 students graduated from MBA/PGDM programmes at 10 IIMs in India. The highest salary offered was 58 lakh rupees, according to official IIM 2023 placement data. When it comes to elite management schools in India, few B-schools can compete with the placement efforts of IIMs. Clearly, this is one of the most reasonable expectations for IIM placements in 2023 that a student could have.

IIM Placements 2023

The average salary offered by top IIMs to candidates ranges between Rs 20-25 lakhs per year, whereas the average salary offered by newer IIMs falls between Rs 10-20 lakhs per year. There have been reports of IIMs A, B, and C offering salaries ranging from Rs 70 lakh to INR 1 crore. International compensation packages typically exceed Rs 60 lakhs.

It has been observed that each year IIMs promise 100% IIM MBA placement to their students, and that placement cells of IIMs typically keep their word by securing 100% campus placement. Due to the COVID-19 pandemic, the IIM final placement process for the 2023 class was also conducted online, as it was in 2021 and 2022. Despite the pandemic and sluggish economy, the final job openings were conducted with vigour and received a tremendous response from recruiters. The economic recession had little impact on IIM placements for 2023.

In the annual IIM placement drive, top companies, whether domestic or international, such as E&Y, Deloitte, Walmart, Accenture, JP Morgan Chase, Barclays, etc., visit to recruit young and fresh talent for a variety of job profiles in accordance with their firm's needs. This article will elaborate on the IIM placement procedure and key placement statistics for IIM 2023.

IIM MBA Admission Placement 2023

The process by which a management student can secure a good IIM MBA placement at their respective IIMs is outlined below.

IIM Placement Process

Summer, lateral, and final placements are the three primary components of the placement process at IIMs.

In April and May, companies organise summer placements to recruit students for internships. Summer placements facilitate the acquisition of pre-placement offers (PPOs). The IIM summer placements occur over the course of four to five days in March.Students and recruiters are governed by comprehensive regulations.

The IIMs lateral placements occur a few months prior to the IIM final placements and are open to 2-year MBA/PGP students with at least 18 months of work experience.

The IIM final placement procedure, which occurs in December/January, is nearly identical across all IIMs, with a few minor exceptions. For instance, IIMA uses a cohort-based system as opposed to a day-based system. A cohort-based system permits recruiters to be evaluated over a longer period of time in groups based on domain or expertise.

According to IIM Ahmedabad's final placement report from the previous year, the highest domestic package was RS 61.49 LPA and the highest international package was US $140,599 for the batch of 2022. The average domestic package was RS 32.8 LPA and the average international package was $ 108,405.

IIM Ahmedabad Placement Highlights 2023

IIM Ahmedabad Placement Highlights 2022

IIM Calcutta Placements 2023

The Indian Institute of Management (IIM) Calcutta reported 100 percent placement for its 58th batch, according to its placement report from the previous year. 190 recruiters participated in the IIM Kolkata placement process, which resulted in 570 offer letters.

IIM Bangalore Placements 2023

The average and median packages offered during PGP and PGPBA placements at IIM Bangalore in 2023 were Rs 35.31 LPA and Rs 33.00 LPA, respectively. During the IIM Bangalore PGP and PGP BA placements of 2023, a total of 606 offers were extended. IIM Bangalore's placement process resulted in 14 international job offers.

IIM Indore Placements 2023

The IIM Indore placement 2023 report has shown 100% placements for its PGP and IPM batch consisting of 568 students for 2021-23. IIM Indore has completed 100% final placements for the IPM and MBA batches of 2023, with the highest salary increasing by 132% to Rs. 1.14 Cr per annum, and the average salary increasing by 21% to Rs.30.21 LPA. 160 prominent recruiters from a variety of industries offered diverse positions to 568 students of the 2-year PGP and 5-year IPM. With 29% of available positions, consulting has emerged as the most popular recruiting field.

IIM Kozhikode Placements 2023

The study found that the highest salary offered was Rs 67,02 LPA. The average and median salaries for PGP placements in 2023 were Rs 31.02 LPA and Rs 27 LPA, respectively. During placements 2023, a total of 123 recruiters participated, including 36 new recruiters. The renowned recruiters made over 500 job offers. With 33% of all job offers, the consulting industry dominated recruitment. Accenture, Deloitte, Tech Mahindra, Amazon, as well as other notable recruiters, participated in the IIM Kozhikode placements 2023.

IIM Sambalpur Placements 2023

The highest salary offered during the MBA placements at IIM Sambalpur in 2023 was RS 66.41 LPA for domestic candidates and RS 64.15 LPA for international candidates. In addition, the average salary for MBA placements at IIM Sambalpur in 2023 was Rs 16,63 LPA. The domestic maximum package obtained in 2023 increased by over 147% compared to 2022. The average MBA salary in Samabalpur increased by over 26% between 2022 and 2023. Compared to 2022, the median package offered in 2023 increased by over 29%.

IIM Lucknow Placements 2023

The final placement for the PGP class has been successfully completed by IIM Lucknow. With 632 offers, the Institute achieved a 100% placement rate. IIM Lucknow's placement process included 71.3% male candidates and 28.7% female candidates. The highest monthly CTC offered was Rs 1 crore.

IIM Ranchi Placement Report 2023

The highest domestic and international salaries during the IIM Ranchi MBA placements 2023 were Rs 67 LPA and Rs 35.50 LPA, respectively. Moreover, the average CTC for IIM Ranchi placements in 2023 was Rs 17.30 LPA. During the IIM Ranchi MBA 2023 placements, a total of 124 companies visited campus, and 76 PPOs were signed. Compare the IIM Ranchi placement in 2023 to that in 2022 listed below.

IIM Kashipur Placement Process 2023

The highest domestic and international salaries during the IIM Ranchi MBA placements 2023 were Rs 67 LPA and Rs 35.50 LPA, respectively. Moreover, the average CTC for IIM Ranchi placements in 2023 was Rs 17.30 LPA. During the IIM Ranchi MBA 2023 placements, a total of 124 companies visited campus, and 76 PPOs were signed. Compare the IIM Ranchi placement in 2023 to that in 2022 listed below.

IIM Nagpur Placement Report 2023

The highest and average offers received during the MBA placements at IIM Nagpur in 2023 were Rs 64 LPA and Rs 16.74 LPA, respectively. In addition, during the IIM Nagpur MBA placements of 2023, 18% of all students were placed in the Strategy & Consulting domain, making it the top recruiting domain. During the IIM Nagpur MBA 2023 placements, Microsoft, Accenture, and KPMG were among the top recruiters who visited campus.

IIM Nagpur has also accomplished a 10% increase in the average CTC and a 9% increase in the median CTC.

In conclusion, the placement season of 2023 at the Indian Institutes of Management (IIMs) has once again reaffirmed their status as premier institutions for nurturing top talent and connecting them with leading organizations across diverse sectors. With a strong showing of high-profile recruiters, impressive salary packages, and an ever-growing emphasis on diversity and innovation, the IIMs continue to play a pivotal role in shaping the future of India's business landscape, leaving both students and industry stakeholders with much to look forward to in the years ahead.

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