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).Â
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.Â
Welingkar Mumbai offers decent placements its MBA/PGDM courses. As per the latest report, the Welingkar Mumba average package offered in 2024 stood at INR 12.02 LPA. The Welingkar Mumba average package offered to PGDM students in 2024 stood at INR 12.26 LPA. The key highlights of Welingkar Mumbai placements for the Class of 2024 are tabulated below:
Programs | Highest Package (2024) | Average Package (2024) |
|---|---|---|
PGDM | INR 22 LPA | INR 12.26 LPA |
PGDM-E Business | INR 18.16 LPA | INR 11.07 LPA |
PGDM-Business Design | INR 18.16 LPA | INR 12.32 LPA |
PGDM-Healthcare Management | INR 19 LPA | INR 11.33 LPA |
PGDM-Retail Management | INR 24 LPA | INR 11.23 LPA |
PGDM-Rural Management | INR 18.16 LPA | INR 10.37 LPA |
PGDM-Media & entertainment | INR 18.16 LPA | INR 10.15 LPA |
PGDM Â Research & Business Analytics | INR 40 LPA | INR 12.48 LPA |
Overall | INR 40 LPA | INR 12.02 LPA |
In this artile, we have shared the list of top ranked MBA colleges in India, other than IIMs whose average salary offers in campus placements are between INR 10 lakh to 30 lakh per annum.Â
- What is MBA NIRF Ranking?
- MBA Placements Record of Non-IIMs: Average Salary Offer
- Average salary between Rs 19-10 lakh
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
MBA Placements Record of Non-IIMs: Average Salary Offer
Here’s looking at the placement record of non-IIMs for 2022-2023 on which NIRF-MHRD rankings 2024 are based.
Average salary between INR 30-20 lakh per annum
In this bracket, No. 20 ranked SPJIMR tops the list with INR 32.00 LPA. XLRI Jamshedpur, which is ranked at No. 9, recorded INR 30.24 lakh per annum. Check the table below for MBA colleges, salary packages and their NIRF ranking 2024.Â
| MBA Institute |
Students placed |
Average salary in INR (PG-2 yrs) |
NIRF Rank 2024 |
|---|---|---|---|
| 235 |
32.00 LPA |
20 |
|
| 357 |
30.24 LPA |
9 |
|
| 115 |
26.64 LPA |
10 |
|
| 420 |
26.50 LPA |
15 |
|
| 469 |
26.13 LPA |
11 |
|
| 124 |
24.50 LPA |
4 |
|
| 67 |
20.40 LPA |
16 |
|
| 180 |
24.00 LPA |
13 |
|
| 540 |
21.35 LPA |
21 |
Average salary between Rs 19-10 lakh
In the bracket of Rs 19 to 10 lakh salary, XIM University recorded the highest, IN 19.25 lakh per annum as per the NIRF ranking 2024. MICA followed close second with INR 19.00 lakh per annum.
| MBA Institute |
Students placed |
Average salary in INR (PG-2 yrs) |
Overall Rank 2024 |
|---|---|---|---|
| 358 |
19.25 LPA |
43 |
|
| 179 |
19.00 LPA |
32 |
|
| 64 |
18.09 LPA |
18 |
|
| 81 |
18.08 LPA |
14 |
|
| 37 |
17.25 LPA |
29 |
|
| 302 |
16.33 LPA |
40 |
|
| 518 |
16.00 LPA |
35 |
|
| 244 |
15.00 LPA |
49 |
|
| 167 |
14.50 LPA |
34 |
|
| 365 |
14..00 LPA |
53 |
|
| 429 |
13.50 LPA |
58 |
|
| 174 |
11.80 LPA |
48 |
|
| 60 |
11.30 LPA |
46 |
|
| 365 |
11.00 LPA |
64 |
|
| 391 |
11.00 LPA |
55 |
|
| 390 |
11.00 LPA |
63 |
|
| 187 |
10.50 LPA |
56 |
|
| 60 |
10.02 LPA |
25 |
|
| 171 |
10.00 LPA |
66 |
|
| 1162 |
10.00 LPA |
39 |
*The institutes are listed in descending order according to the annual salary package offered.
Read More:
- Â Top MBA placement companies in India
- List of MBA colleges (non-IIMs): Average Salary Package
- IM Placements 2024: Check Highest and Average Salary; Top RecruitersÂ
- MBA placements 2024: Check Highest and Average Salary of top MBA Colleges in India
- Lowest Salary Packages Offered at IIMs and other B-Schools
- International placements at IIMs and other top B-schools
Vipra Shrivastava is MA in English Literature from Delhi University with extensive experience in content writing of over 14 years. She has been handling content for Management, Accounting and Commerce streams for 8
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VIT Vellore has a strong record of placements for courses like BTech, MCA, MBA, etc. As per the latest report, 867 recruiters participated during VIT Vellore placements in 2024 and placed 7,526 students of the batch 2024 in new-age jobs. The highest package offered during VIT Vellore placements in 2024 stood at INR 88 LPA, whereas the VIT Vellore average package offered in 2024 stood at INR 9.90 LPA. The key highlights of VIT Vellore placements for the Class of 2023 and 2024 are tabulated below:
Particulars
Placement Statistics (2023)
Placement Statistics (2024)
Highest package
INR 1.02 crore per annum
INR 88 LPA
Average package
INR 9.60 LPA
INR 9.90 LPA
No. of companies visited
No. of students placed
No. of Super Dream offers
No. of dream offers
Note: The VIT Vellore placements are going on for the academic year 2023-2024. The above-mentioned data for 2024 may vary once the placement report for 2024 is out.