IIM Indore Placements 2023: Highest CTC INR 1.14 CPA, Average CTC INR 30.21 LPA

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Senior Manager - Content

Updated on Jul 7, 2023 14:23 IST

IIM Indore concluded placements for PGP batch 2021-23 recently with an average CTC of INR 30.21 lakh per annum and highest CTC of whopping INR 1.14 CPA. Check here detailed report on IIM Indore final placements 2023.

IIM Indore final placement process 2023 witnessed record domestic offer of INR 1.14 crore per annum, a massive jump of 132.6% from last year. The average CTC offer too witnessed a rise from last year and so did the median CTC.

According to the IIM Indore final placement report 2023, a total of 160 companies participated in the process to select MBA graduates for various manager level roles in domains such as Consulting, Banking, Financial Services and Insurance (BFSI), and Technology, Media & Telecommunications (TMT), Conglomerate, Construction & Real Estate, Consumer Goods, E-commerce, Healthcare, Logistics & Manufacturing, and Utilities & Renewables.

This year, the IIM Indore placement process recorded maximum offers in Consulting. The domain made up for 29 per cent of the total offers handed out to 568 students of IIM Indore. Finance was the second largest with 18 per cent offers, followed by Sales and Marketing with 18 per cent offers.

Table of content

IIM Indore Placements 2023: Highlights
IIM Indore Placements 2023: Domain Wise Split
IIM Indore Placements: 2023 vs 2022 vs 2021

IIM Indore Placements 2023: Highlights

This year, 80 new recruiters participated in the IIM Indore final placement process 2023. Check below some key highlights of campus placement that was hels earlier this year.

Features	Details
Highest domestic CTC offered	INR 1.14 CPA
Average CTC offered	INR 30.21 LPA
Median CTC offered	INR 27.20 LPA
Number of recruiters	160
New recruiters	80
Number of students	568
Maximum offers	Consulting (29%)

Speaking on IIM Indore final placements 2023 Director Prof. Himanshu Rai said, “We at IIM Indore have always been steadfast in strengthening our industry engagement by providing world-class management education and delivering sustainable value to our stakeholders. This is evidenced by the stellar placements secured by our students in the face of challenging times. This unwavering trust demonstrated by our recruiters has bolstered our confidence in our ability to meet the demanding and ever-evolving requirements of the future we are heading towards. We look forward to deepening our industrial relations by creating socially-conscious leaders imbued with the ability to empower and inspire others.”

Also Read: IIM Placements - Institute wise average, highest CTC, top recruiters and job roles

IIM Indore Placements 2023: Domain Wise Split

This year too, Consulting was the top domain where major offers were made by some of the reputed firms in India and abroad. Check below domain wise recruiters that participated in the IIM Indore final placements 2023.

Domain	Offers (in percent)	Companies
Consulting	29%	Accenture Strategy, Accenture Tech Consulting, Acuvon Consulting, Aspect Ratio, Avalon Consulting, Bain & Company, Boston Consulting Group (BCG), Deloitte India, Deloitte USI, Everest Group, Eversana, Ernst & Young, EY Parthenon, GEP Worldwide, HCL Tech, Infosys Consulting, Kearney, KPMG, McKinsey & Company, MXV Consulting, PwC India, PwC US Advisory, RedSeer Consulting, Samagra, and Vector Consulting.
Finance	18%	Ambit Capital, Axis Bank, Bank Of America, Barclays, BlackRock, CITI Bank, Credit Suisse, D.E. Shaw, Delhivery, Deutsche Bank, DISYS, Edelweiss Alternative Asset Advisors, Goldman Sachs, HDFC Bank, Houlihan Lokey, ICICI Securities, ICRA, IDFC First Bank, IIFL Wealth & Asset Management, IndigoEdge, JP Morgan Chase & Co., Lincoln International, Nomura, o3 Capital, Piramal Alternatives, SBI Capital, Stakeboat Capital, Standard Chartered, and TVS Capital Funds.
Sales & Marketing	18%	AB InBev, Asian Paints, Atomberg Technologies, Bajaj Auto, CavinKare, Dr. Reddy’s Laboratories, Everest Industries, Haleon, Hero MotoCorp, HUL, IBM, Infosys Ltd, ITC, Johnson & Johnson, L&T Technology Services, Lodha Group, PepsiCo, Reckitt, ReNew Power, Samsung, TAFE, and Tolaram
General Management, HR, Leadership and Operations	19%	Aarti Industries, Adani Group, Aditya Birla Fashion & Retail, African Industries Group, Alkem Laboratories, AM/NS, Biocon, Bira 91, BLS International, Capgemini E.L.I.T.E, Cipla, Country Delight, CRISIL, DCM Shriram, EXL, Flipkart, Genpact, Hexaware, Hitachi Payment Services, HSBC Technology India, ICICI Bank, Indegene, Jindal Steel and Power, Jio Platforms, JSW, Kotak Mahindra Bank Limited, Mahindra & Mahindra, Menon and Menon, Mphasis, Nation with NaMo, OfBusiness, PhonePe, Piramal, Power Finance Corporation, Reliance Industries Limited, Salesforce, Sobha Realty, Syngene International, TATA AIA, TATA Motors, TATA Steel, Tech Mahindra, Trident Group, Turtlemint, Vedanta Limited, Willis Towers Watson, Wipro, WNS, and Xanadu Realty Limited
IT, Analytics and Product Management	16%	VOIS, Amazon, American Express, Axtria, Capgemini Chrysalis, CarDekho, Carwale, Cognizant, Dolcera, Equitas Small Finance Bank, Exide Industries, EXL Analytics, GE, LatentView Analytics, MakeMyTrip, Media.net, Merilytics, Microsoft, Newzera Tech, Ola, Optum, Publicis Sapient, QBurst, RateGain, Samsung, Societe Generale, TATA Communications, and Walmart.

IIM Indore Placements: 2023 vs 2022 vs 2021

IIM Indore has witnessed rise average and highest CTC in the last three years. Check the table below for comparison.

Q: What is the placement package for IIM Indore BBA?

IIM Indore had concluded placements for the batch passing out in 2023. The placement statistics for IIM Indore IPM are the same as that of the IIM Indore PGP programme since in last two years of the five-year course, IPM students pursue PGP. The placement statistics from the 2020 report are as follows:

Particulars	IPM Statistics (2023)
Batch strength	568
Total recruiters	160
the highest package	INR 114 LPA
Average package	INR 30.21 LPA
Median package	INR 27.20 LPA

Q: What is the highest package offered at IIM Indore?

The highest package offered to the PGP and IPM batch students in 2024 is INR 100 LPA. Earlier, the college offered INR 114 LPA as its highest package in 2023. Candidates can check the table below to see the placement details of the college:

Course	Highest Package (2022)	Highest Package (2023)	Highest Package (2024)
PGP and IPM	INR 49 LPA	INR 114 LPA	INR 100 LPA
PGP-HRM	INR 36 LPA	INR 34.50 LPA	INR 33.6 LPA
EPGP	INR 70 LPA	INR 43.90 LPA	NA

Q: Does IIM Indore BBA curriculum includes internship?

At the end of fourth year, IPM students can appear for summer placements. IPM students are required to complete a social internship at the end of second year, and a business internship between 4 and 5. IIM Indore saw a significant increase in the number of recruiters and the stipend offered by them everywhere.

CTC	2023	2022	2021
Highest International CTC	--	--	INR 56.80 LPA
Highest Domestic CTC	INR 1.14 CPA	INR 49.00 LPA	INR 41.50 LPA
Average CTC	INR 30.21 LPA	INR 25.01 LPA	INR 23.60 LPA

Read More:

Q: Is IPM program offered by IIM Indore a good choice in terms of career and placements?

Yes, IIM Indore has recorded 100% placements for its PGP and IPM batches passing out in 2024. As per the latest report, the highest and average package offered to PGP and IPM students during IIM Indore placements 2024 stood at INR 100 LPA and INR 25.68 LPA, respectively. Further, over 150 recruiters visited the campus and placed 594 students of the batch 2024. The key highlights of IIM Indore placements 2024 for the PGP and IPM Class of 2024 are tabulated below:

Particulars	Placement Statistics (2024)
Highest package	INR 100 LPA
Average package	INR 25.68 LPA
Median package	INR 24.50 LPA
Total recruiters	150+
Total students placed	594

Q: How are MBA placements at IIM Indore?

The table below showcases course-wise the highest and average package offered in 2023 placements:

Parameter	Placement Statistics (2023)
Highest package (PGP-HRM)	INR 34.50 LPA
Average package (PGP-HRM)	INR 22.65 LPA
Median package (PGP-HRM)	INR 22.20 LPA
Batch strength	38
Total recruiters	20

IIM Calcutta Placements	IIM Bangalore Placements
IIM Raipur Placements	IIM Udaipur Placements
IIM Lucknow Placements	IIM Kozhikode Placements
IIM Rohtak Placements	IIM Amritsar Placements

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Vipra Shrivastava

Senior Manager - Content

Vipra is a massive Breaking Bad fan. When not watching crime drama series, she spends time in updating the list of places she wants to visit and people she wants to meet, but she is happiest in the company of dogs. Read Full Bio