IIM Placements 2022: Highest Salary Package & Top Recruiting Companies

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Vipra
Vipra Shrivastava
Manager - Content
Updated on Apr 19, 2022 10:48 IST

Take a look at the highest salary package offered to students during the IIM placements 2022. Get complete details on IIM placement process, highest salary, average salary, top companies and job roles.

IIM Placements reports 2021

IIM placements are usually conducted between December-February every year for the MBA/PGP batch and release their final placements report for the outgoing batch of 2020-22 between January and July. The average salary package offered to candidates from top IIMs range from INR 20-25 lakh per annum, while salary packages of newer IIMs fall between INR 10-20 lakh per annum. The highest salary offer at the top IIMs - A,B,C has seen INR 70 lakh to INR 1 crore being offered as CTC. International salary packages offered are INR 60 lakh and above. 

Like last year, this year too, IIM final placement process at every campus was conducted online due to COVID-19 pandemic. Despite the pandemic and slow economy, final placements were conducted with much enthusiasm and witnessed great response from recruiters. 

The IIM placements 2022 were not impacted much by the prevailing COVID-19 situation. Like every year, IIM placements witnessed participation of top companies like E&Y, Deloitte, Walmart, Accenture, JP Morgan Chase, Barclays, Morgan Stanley, Tolaram, Squareyards & Protiviti, EXL, KPMG, HSBC, Goldman Sachs, Amazon, Zomato, ICICI Bank, Bajaj, Axis, Tata, WIPRO, etc. visiting the IIM campuses for recruitment of management graduates in various job roles. Detailed IIM placements reports 2022 of the IIMs have been released. Read below all about IIM placements.

The PGP/MBA graduates are offered various managerial roles in different sectors and domains. Function-wise most of the offers are made for positions such as Consultant and Managers. In this article, you will find all the information related to IIM placements of all 20 campuses including IIM Ahmedabad, IIM Bangalore, IIM Calcutta and IIM Lucknow. IIMs are amongst the top MBA colleges in India and placement packages at IIMs is often a matter of great interest for MBA aspirants.

Also Read:

IIM Ahmedabad Placements 2022 IIM Bangalore Placements 2022 IIM Calcutta Placements 2022
IIM Placement Process

The placement process at IIMs comprises three major activities – namely Summer, Lateral and Final Placements.

Activities Timeline Participants
Summer Placements October/November First-year students
Lateral Placements January/February Students having prior work experience
Final Placements February/March All graduating students

Read about International placements at IIMs and other top B-schools

Summer Placements: The summer placements are organised for the firms to recruit students for internships in April-May. This also helps build a platform to receive pre-placement offers (PPOs). The summer placements happen over four to five days in the month of March. This process is guided by an elaborate set of rules for both students and recruiters.

Lateral Placements: The lateral placements at IIMs take place a couple of months before the final placements, in which two-year MBA/PGP students with work experience (18 months and more) can participate. 

Final Placements: The final placement process which takes place in February-March is almost similar across all the IIMs except for a few minor deviations here and there. For example, IIM Ahmedabad follows the cohort-based system, instead of the day-based system. The cohort based system allows recruiters to assess students in groups based on domain or expertise over a longer period of time.

IIM Placements 2022: Highest/Average salary packages offered

The IIMs have witnessed rise highest packages and average salary offers this year despite economic slowdown and commercial constraints arising from COVID-19. Take a look at the table below for salary figures of 2022 placements. 

Name of IIM

Highest CTC (INR)

Average CTC (INR)

IIM Ahmedabad

NA

INR 27.54 LPA*

IIM Bangalore

NA

INR 28.98 LPA

IIM Calcutta

NA

INR 34 LPA

IIM Lucknow

INR 51.00 LPA*

INR 26.00 LPA*

IIM Kozhikode

NA

INR 29.50 LPA

IIM Indore

INR 56.80 LPA*

INR 23.60 LPA*

IIM Shillong

INR 55.22 LPA

INR 23.10 LPA

IIM Rohtak

INR 32.00 LPA

INR 16.06 LPA

IIM Ranchi

INR 26.50 LPA

INR 15.02 LPA 

IIM Raipur

INR 42.15 LPA

INR 17.73 LPA

IIM Tiruchirappalli

INR 30.00 LPA*

INR 14.85 LPA*

IIM Kashipur

INR 28.82 LPA

INR 15.21 LPA

IIM Udaipur

INR 35.47 LPA*

INR 13.42 LPA*

IIM Nagpur

INR 31.54 LPA

INR 15.21 LPA

IIM Vishakhapatnam

INR 31.60 LPA

INR 15.06 LPA

IIM Bodh Gaya

INR 30.50 LPA

INR 12.36 LPA

IIM Amritsar

INR 25.21 LPA

INR 14.63 LPA

IIM Sirmaur

INR 26.50 LPA

INR 12.74 LPA

IIM Sambalpur

INR 30.00 LPA

INR 12.64 LPA

IIM Jammu

INR 32.00 LPA

INR 13.53 LPA

*The salary figures mentioned are from 2021 placements process. 2022 data will be updated as soon as placement reports of those campuses are released.

IIM MBA Placements: Highest International Packages Offered

The table below indicates the highest CTC offered in 2020 (pre-COVID placements) at some of the most prominent IIMs by global/international organisations. The data is taken from the final placement reports for the year 2020.

Name of the IIM

Highest International CTC

IIM Indore

INR 89.25 LPA

IIM Ahmedabad

INR 1.32 CPA

IIM Kashipur

INR 48.50 LPA

IIM Udaipur

INR 33.00 LPA

IIM Ranchi

INR 59.36 LPA

IIM Sambalpur

INR 58.00 LPA

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FAQs Related to IIM Placements 2022

Q: How are the placements at IIMs?

A: IIM placements for MBA is considered the best in India. The average CTC offer for MBA graduates range between INR 28 lakh per annum (IIM Calcutta) to INR 10 lakh per annum (IIM Jammu).

Q: Is there 100 per cent placement at IIMs?

A: Yes, the IIMs over the years have recorded 100 per cent placements for all students except for those who opt out of the campus placement process to launch their own ventures.

Q: What is the highest CTC offered at IIM Ahmedabad?

A: The highest CTC offered in IIM Ahmedabad placements for 2017-2019 MBA batch was INR 70 lakh per annum. For the 2018-2020 batch, it fell to INR 55.88 lakh per annum.

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

A: The highest CTC offered in IIM Indore final placements for 2018-2020 MBA batch was INR 50 lakh per annum. However, it fell to INR 41.50 lakh per annum for the batch of 2019-2021.

Q: What is the minimum salary offered at IIMs?

A: The minimum salary figures are not released in by the IIMs. However, one finding out the data from other sources, it was revealed that minimum salary at IIMs is not less than INR 6 lakh per annum. At IIM Ahmedabad, the lowest CTC offered in 2016, was INR 11.5 lakh per annum.

Q: How are the campus placements of baby IIMs?

A: Campus placements of baby IIMs are decent with 100 per cent hiring and average CTC offer between INR 10-15 lakh per annum. The highest CTC touch INR 20-23 lakh per annum.

Q: What is the ROI of MBA from IIMs?

A: Return on Investment or ROI of MBA degree from IIMs is satisfactory as the fee amount is usually compensated with the campus placement offer within first five or less years.

Q: What is IIM Summer placements?

A: Summer placements refers to internship (with stipend) opportunities provided to students by the institute on completion of their first year of MBA. Top companies such as Amazon, IBM, BCG, McKinsey, P&G, etc. offer internships to IIM students.

Q: What is the highest salary offered at IIM Shillong?

A: The highest CTC offered in IIM Shillong placements for 2018-2020 MBA batch was INR 48.50 lakh per annum. However, it fell to INR 32.00 lakh per annum for the batch of 2019-2021.

Q: Do students get job offers for international destinations at IIMs?

A: Yes. Many MNCs offer job profiles for international locations during IIM placements. IIM Indore witness international offer of INR 89 lakh per annum in 2019 placements while at IIM Ahmedabad, international offer of INR 83.51 lakh per annum was made in the same year. International offers have been recorded at IIM Bangalore, Calcutta, Lucknow, Kozhikode, Indore, Kashipur, Ranchi, Sambalpur and Udaipur.

Q: What is the highest salary offered at IIM Lucknow?

A: The highest CTC offered in IIM Lucknow final placements for 2018-2020 MBA batch was INR 54 lakh per annum. However, it fell to INR 51.00 lakh per annum for the batch of 2019-2021.
About the Author
Vipra Shrivastava
Manager - Content

Vipra is a binge TV watcher and a massive Breaking Bad fan. When not watching TV, she likes to spend time updating the list of places she wants to visit and people she wants to meet but she is happiest in the compan... Read Full Bio

Comments

(2)

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Sakhar Shi

a year ago

What is highest salary offered to a freshe at any IIM?

Reply to Sakhar Shi

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