IIM Ahmedabad Placements 2023: BCG and McKinsey & Company Make Maximum Offers
IIM Ahmedabad final placements report 2023 has been released. Check top recruiters, average salary, highest offer and other details of IIM Ahmedabad placements 2023.
IIM Ahmedabad placements 2023 concluded recently with MBA batch of 2021-23 getting placed at top MNCs in various roles across domains.
IIM Ahmedabad follows a cluster system (three clusters) of final placements process where different sectors are invited in cohorts. Cluster 1 was conducted on February 14, Cluster 2 was conducted on February 17 and Cluster 3 was conducted on February 20, 2023.
In Cluster 1 of the IIM Ahmedabad placements 2023, companies from five cohorts participated in the final placement process. The five cohorts are investment banking & markets, management consulting, niche consulting, cards and financial advisory and private equity, venture capital & asset management.
The IIM Ahmedabad PGP (MBA) placement process is conducted in clusters. The first stage is the lateral placement process, where companies interview students with work experience and offer them mid-level managerial positions. In the second stage, the PGP final placement process is conducted where companies were grouped into cohorts (domains such as Consulting, Finance, etc.) based on the profiles offered, and these cohort groups were invited to campus across three clusters for final placements.
“We saw a large pool of recruiters, with about 50 firms participating in the process. McKinsey & Company was the top recruiter with 18 offers, followed by Boston Consulting Group. Other prominent recruiters in the consulting domain included regular recruiters such as Bain & Company, Kearney, Oliver Wyman, Strategy& Middle East, Monitor Deloitte, Praxis Global Alliance, Arthur D Little, PricewaterhouseCoopers, KPMG,” said IIM Ahmedabad in an official statement.
IIM Ahmedabad Placements 2023: Highlights
Prominent recruiters in the Investment Banking and Markets space included Goldman Sachs, Avendus Capital, Arpwood Capital, Standard Chartered, HSBC, O3 Capital, and Credit Suisse.
In the PE and VC domain, companies such as A91 Partners, Premji Invest, Pinpoint, Morgan Stanley (Real Estate), and American Express rolled out job offers.
In this cohort, Emaar rolled out three international offers. The other cohorts included firms like Airtel, BLS International Services Limited, Alkem Laboratories Limited, Samsung Electronics, and Sun Pharmaceuticals Industries Limited, among others. The consumer goods and durables cohort saw regular recruiters like Asian Paints, The Coca-Cola Company, Loreal, Kimberly Clark, and Wipro Consumer Care. The conglomerate cohort recruiters were Adani Group, Aditya Birla Group, CK Birla Group, Tata Administrative Services, Piramal Group, Bajaj Finserv and JSW One Platforms Limited.
The key highlights of IIM Ahmedabad PGP placements 2023 as compared with 2022 and 2021 are presented below:
Particulars | PGP Placement Statistics (2021) | PGP Placement Statistics (2022) | PGP Placement Statistics (2023) |
|---|---|---|---|
Highest package | INR 55 LPA | INR 61.48 LPA | INR 1.46 crore per annum |
Average package | INR 27.54 LPA | INR 32.79 LPA | INR 34.45 LPA |
Median package | INR 27.60 LPA | INR 31.49 LPA | INR 31.58 LPA |
Lowest package | INR 11 LPA | INR 17.50 LPA | INR 18.05 LPA |
Companies visited | 131 | 190 | 188 |
Roles offered | 170 | Around 220 | Around 280 |
Offers accepted / Students Placed | 374 | 382 | 385 |
Eligible students | 388 | 382 | 389 |
Students opted out | 14 | 3 | 4 |
Students not placed | 0 | 0 | 0 |
Note: The mean package is considered as the average package in the above-mentioned table. Further, the Maximum Earning Potential is considered for the salary packages shown above.
Consulting function emerged as the top recruiting function wherein most number of offers were accepted during IIM Ahmedabad PGP placements 2023. The function-wise number of offers accepted during IIM Ahmedabad PGP placements 2023 is presented below:
Functions | PGP Offers Received (2023) |
|---|---|
Consulting | 208 (2 international offers) |
Finance | 49 (4 international offers) |
Product / Category Management | 47 |
General Management | 39 |
Marketing / Sales | 27 (2 international offers) |
Strategy | 6 |
Operations | 4 (1 international offer) |
Project Management | 3 |
Data Analytics | 1 |
Growth – Online Sales | 1 |
Cluster 2 of IIM Ahmedabad final placements 2023 comprised five cohorts- conglomerates, consumer goods and durables, consumer services, pharma and healthcare and retail B2B and B2C. These Conglomerate firms extended the highest number of offers, closely followed by firms belonging to the consumer goods and durables cohort.
Regular recruiters such as Asian Paints, The Coca-Cola Company, Loreal, Kimberly Clark, and Wipro Consumer Care, Adani Group, Aditya Birla Group, CK Birla Group, Tata Administrative Services, Piramal Group, Bajaj Finserv and JSW One Platforms Limited made offers to PGP graduates.
Cluster 3 of IIM Ahmedabad placement process 2023 witnessed the participation of many new recruiters across cohorts, including cult.fit, Finarb Consulting, and Javis. The BFSI cohort rolled out the second-highest offers. Cluster 3 comprised eight cohorts, which included Analytics and IT Consulting, BFSI, Consumer Tech, Core Manufacturing and Infrastructure, Enterprise Tech, Education Tech, Logistics, and Government Enterprises.
According to the official statement released by the b school, the entire IIM Ahmedabad placement process was conducted in hybrid mode. Companies had the convenience of conducting the process virtually or physically.
The audited IIM Ahmedabad’s placement report 2023 will be released by August 2023, which will contain salary package details. You can read audited report of IIM Ahmedabad placements 2022 below.
IIM Ahmedabad Placements 2022: Highlights
The audited report of IIM Ahmedabad placements 2022, released by the Indian Placements Reporting Standards (IPRS) reveals that the average salary offered to the PGP/MBA batch 2020-22 stood at INR 32.79 lakh per annum. The highest salary offered stood at INR 61.48 lakh per annum, while the highest international salary offer stood at INR 1.15 crore per annum. The average international salary offer stood at INR 88.91 lakh per annum.
Out of a total of 374 job offers, 9 were made for overseas locations which included cities such as Amsterdam, Dubai, UAE and Hong Kong. All international offers were made in Consulting, Finance, Marketing & Sales and General Management.
| IIM Ahmedabad Placements 2022 |
|
|---|---|
| Highest domestic salary offered |
INR 61.48 LPA |
| Average domestic salary offered |
INR 32.79 LPA |
| Highest international salary offered |
INR 1.15 CPA |
| Average international salary offered |
INR 88.91 LPA |
| Number of participating companies |
190 |
| New recruiters |
41 |
| Top recruiting companies |
BCG (44) and Bain & Company (37) |
| Total number of offers made |
220 |
| Total number of students who sought placement |
385 |
| Total number of students who did not seek placement |
3 |
| Top recruiting sector |
Consulting |
IIM Ahmedabad placement process 2022 was conducted in two stages. The first was the laterals process where firms interviewed students with prior work experience and offered them mid-level managerial positions. In the second stage, participating firms were grouped into cohorts based on the profile offered, and groups of cohorts were invited to campus across different clusters. About 59% of the batch was eligible for lateral placements, which provided students an opportunity to optimally leverage their work experience.
IIM Ahmedabad Placements 2022: Sector-wise Average Salary Offers
Given below is the table indicating sector wise average salary offers made during IIM Ahmedabad placements 2022:
| Sector |
Number of Offers (Domestic International) |
Average Salary |
|---|---|---|
| Banking, Financial Services and Insurance |
72 |
INR 25.78 LPA |
| Conglomerates |
8 |
INR 21.36 LPA |
| Consulting |
204 |
INR 25.29 LPA |
| Consumer goods (FMCG) |
23 |
INR 21.18 LPA |
| Consumer Services |
2 |
INR 23.25 LPA |
| Engineering Technology |
15 |
INR 24.69 LPA |
| Information Technology (IT) |
9 |
INR 20.41 LPA |
| Manufacturing |
3 |
INR 21.66 LPA |
| Online Services |
8 |
INR 26.97 LPA |
| Others (Ed-tech) |
2 |
INR 21.00 LPA |
| Others (Retail) |
12 |
INR 21.00 LPA |
| Pharmaceutical/Healthcare |
3 |
INR 21.00 LPA |
| Telecom |
1 |
INR 19.74 LPA |
| Real Estate |
2 |
INR 22.97 LPA |
IIM Ahmedabad Placements 2022: Sector wise offers
Listed below are the maximum number of offers made to IIM Ahmedabad students during the final placements 2022, sector wise:
| Sector |
Number of offers |
|---|---|
| Consulting |
204 |
| Banking and Markets |
75 |
| Consumer Goods and Services |
25 |
| Engineering/Technology |
15 |
| Conglomerates |
12 |
| Retail B2B & B2C |
12 |
| Information Technology |
9 |
| Online services |
8 |
IIM Ahmedabad Placements: 2022 vs 2021 vs 2020 vs 2019
The placement trend at IIM Ahmedabad has seen upward trend in terms of salary packages in recent years. Check the table below for placement trend of past three years.
| Specifications |
2022 |
2021 |
2020 |
|---|---|---|---|
| Highest Domestic CTC |
INR 61.48 LPA |
INR 55.00 LPA |
INR 55.88 LPA |
| Highest International CTC |
INR 1.15 CPA |
INR 1.16 CPA |
INR 1.32 CPA |
| Average Domestic CTC |
INR 32.79 LPA |
INR 27.54 LPA |
INR 26.12 LPA |
| Top recruiting company |
BCG (44 offers) |
BCG (32 offers) |
McKinsey (27 offers) |
| Total number of firms participated |
190 |
131 |
153 |
| Total number of offers made |
220 |
374 |
388 |
| Top recruiting sector |
Consulting |
Consulting |
Consulting |
Read More:
- IM Calcutta Final Placements
- XLRI Final Placements
- MBA Placements: Report for top B-schools
- IIM Placements -Salary Packages and Top Recruiting Companies
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CAT 2023 Latest UpdatesFAQs Related to IIM Ahmedabad Placements
Q: What is the highest salary offer made during IIM Ahmedabad placements?
Q: Is there 100 per cent placement in IIM Ahmedabad?
Q: What is the average salary offered at IIM Ahmedabad?
Q: Which sector offered the maximum salary as per the IIM Ahmedabad placements 2022?
Q: What is the minimum salary offered at IIM Ahmedabad?
Q: What are some of the top recruiters invited to the IIM Ahmedabad placement drive?
Q: How many overseas offers were made during IIM Ahmedabad final placements 2022?
Q: What was the highest salary offered to PGP student of IIM Ahmedabad in 2022?
Q: Does IIM Ahmedabad assist students in the summer placements?
Q: What is the placement process at IIM Ahmedabad?
Q: What is the audited placement report of IIM Ahmedabad?
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Anything you would want to ask experts?Answered a month ago
There are plenty of statistics that cadidates canuse to judge which institute is best for them for pursing an MBA course. In terms of reputation, IIM, Ahmedabad has one of the highest reputations of any MBA institute. However, this results in a significantly higher MBA fees at IIM, Ahmedabad which i
S
Contributor-Level 10
Answered a month ago
IIM Ahmedabad's selection criteria is entrance-based for the offered courses. Students need to meet both the basic eligibility and clear the selection rounds as well. Check out the table below to know about the selection criteria for IIM Ahmedabad:
| Courses | Selection Criteria |
|---|---|
| PGP | CAT + Analytical Writing Test (AWT) + Personal Interview (PI) |
| PGP-FABM | CAT + Analytical Writing Test (AWT) + Personal Interview (PI) |
| e-PGP | CAT/ GMAT/ GRE/ IIMA Admission Test (IAT) + Personal Interview (PI) |
| MBA-PGPX | Valid GMAT/ GRE score + Essay submission + PI round |
M
Contributor-Level 10
Answered 2 months ago
For admission to the MBA programme at IIM Ahmedabad, the required CAT score varies by category. Based on the previous year's cutoff (2024), candidates need an overall percentile rank of 80 for General and EWS categories, 75 for NC-OBC and transgender candidates, and 70 for SC category candidates. I
H
Contributor-Level 10
Answered 2 months ago
Yes, IIM Ahmedabad does have a reservation policy for MBA/ PGP programmes. As per the Government of India requirement, 27% of the seats are reserved for NC-OBC, 15% for SC, 7.5% for ST candidates, 5% for Persons with Benchmark Disabilities (PwD), and up to 10% for Economically Weaker Sections (E
A
Contributor-Level 9
Answered 2 months ago
To apply for MBA courses at IIM Ahmedabad, candidates are required to follow certain eligibility requirements. Firstly, applicants must ensure that they have completed a bachelor's degree, with at least 50% marks or equivalent CGPA (in the case of the candidate belonging to the Scheduled Caste (SC)/
K
Contributor-Level 10
Answered 3 months ago
No, you cannot pursue and online CMLT course from IIM Ahmedabad because it does not offers that course. You can opt for Manipal academy or IGNOU for CMLT course.
K
Contributor-Level 9
Answered 7 months ago
The University College London institution bases its operations in London, United Kingdom not United States. UCL MBA shares its reputation with the IIM Ahmedabad MBA but serves diverse types of career aspirations. The Indian market-oriented candidates benefit most from IIM Ahmedabad's programs becaus
K
Contributor-Level 8
Answered 8 months ago
IIM Ahmedabad is a top-ranked business school in India with global recognition, strong industry connections, and high placement rates. Aston University in UK is well-regarded, especially for international exposure, but it does not match IIM Ahmedabad's prestige in management education. If your goal
M
Beginner-Level 5
A total of 190 companies visited the campus and offered around 220 job roles during IIM Ahmedabad PGP placements 2022. Companies such as Accenture, BCG and Bain & Co visited the campus in the Consulting domain whereas in the Investment Banking and Market domain, companies such as ARGA Investment, Avendus and Sanford C Bernstein visited the campus during IIM A PGP placements 2022. Further, from the FMCG, Conglomerate and BFSI domains, companies such as ITC, Adani Group and American Express visited the campus. Boston Consulting Group and Bain & Company made 44 and 37 offers in the Consulting domain during IIM Ahmedabad PGP placements 2022.