Average salary package of non-IIM graduates in India: NIRF-MHRD Rankings 2024

MBA placements of non-IIMs are lucrative and provide a good start to career. A number of top tech giants and MNCs hire MBA graduates every year through campus placements process conducted by all B-Schools. Check here average salary offers of top non-IIMs as per the latest NIRF ranking data (2024). 

MBA placements

Every Management aspirant in India dreams of graduating from the Indian Institute of Management, the premier MBA institute in India. Apart from world class education, the most attractive feature of the 21 IIMs is the fat pay cheque offered to the students during campus placement. According to the yearly IIM placement reports, students of the top IIMs – Ahmedabad, Bangalore and Calcutta, on an average, are offered between INR 24-30 lakh (annual) during campus placements by domestic companies. Offers from International firms often cross the INR 1-crore mark.

But they are not the only ones offering lucrative remuneration prospects. Several other top B-Schools in India too have strong MBA placement cells which help their students bag good salary package in campus placements. Infact, the salaries offered at SPJIMR, MDI, IIFT, MICA, XLRI and Symbiosis, etc. are on par with the IIMs. 

What is MBA NIRF Ranking?

Every year, the NIRF lists the best management institutes in India ranked by NBA (National Bureau of Accreditation) on the basis of their performance on certain parameters like, Teaching, Learning and Resources (TLR), Research and Professional Practice (RPP), Graduation Outcomes (GO), Outreach and Inclusivity (OI) and Perception.

Performance of an institute in terms of placement is calculated under Graduation Outcomes (GO), which includes:

• Combined % for Placement, Higher Studies, and Entrepreneurship (GPHE)
• Metric for University Examinations: GUE
• Median Salary
• Metric for Graduating Students Admitted Into Top Universities (GTOP)
• Metric for Number of Ph.D. Students Graduated GPHD