IIM Placements 2023: Highest Salary Package & Top Recruiting Companies

8 mins read4.4L Views 2 Comments
Vipra Shrivastava
Senior Manager - Content
Updated on Apr 12, 2023 18:24 IST

The IIM placement process for MBA/PGP is conducted in Deccember-February. IIM placements 2023 data for all 20 institutes is provided here. Get complete details of IIM placement process, highest salary, average salary, top companies and job roles.

IIM Placements reports 2021

IIM placements for PGDM/MBA programmes are conducted between December-February every year for the MBA/PGP batch and the institutes release their final placements reports for the outgoing batch between January and July. The average salary package offered to candidates in top IIMs range from INR 20-25 lakh per annum, whereas the salary packages of the newer IIMs fall between INR 10-20 lakh per annum. The highest salary offers at the top IIMs - A, B, C have been recorded at INR 70 lakh to INR 1 crore as CTC. International salary packages offered are usually INR 60 lakh and above. 

Like 2021 and 2022, the IIM final placement process for 2012-2023 batch too 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 2023 were not impacted much by economy slide down. 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 shared below. The data of 2021-2023 batch placements will be posted here soon after all the IIMs release their final placement reports. 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 IIM Bangalore Placements IIM Calcutta Placements
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 in April-May for the firms to recruit students for internships. Summer placements also help in building 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 December-January 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


INR 27.54 LPA*

IIM Bangalore


INR 28.98 LPA

IIM Calcutta



IIM Lucknow

INR 58.00 LPA

INR 31.03 LPA

IIM Kozhikode


INR 29.50 LPA

IIM Indore

INR 49.00 LPA

INR 25.01 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 34.00 LPA

INR 17.01 LPA

IIM Kashipur

INR 28.82 LPA

INR 15.21 LPA

IIM Udaipur

INR 35.47 LPA

INR 17.50 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

IIM MBA Placements: Highest International Packages Offered

The table below indicates the latest highest CTC offered at some of the most prominent IIMs by global/international organisations. 

Name of the IIM

Highest International CTC

IIM Ahmedabad

INR 1.32 CPA

IIM Indore

INR 89.25 LPA

IIM Lucknow INR 61.59 LPA
IIM Kashipur

INR 48.50 LPA

IIM Udaipur

INR 33.00 LPA

IIM Ranchi

INR 59.36 LPA

IIM Sambalpur

INR 58.00 LPA

Planning to study MBA in India? Find useful insights & emerging trends on student preferences for MBA colleges, locations and more.

Download Free Shiksha MBA Guide

Check what current students and alumni have to say about IIM placements - Reviews of IIMs

Read More:

Check CAT Cut offs and predict calls from IIMs and other Top MBA Colleges, whether your CAT score is 70 percentile, 80 percentile or 90 percentile. Check Fees, Placement Reviews, Admission, Shortlist Criteria and eligibility of all MBA Colleges by clicking the link below:

Predict IIM & Non IIM Calls

FAQs Related to IIM Placements

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). The highest CTC touches up to Rs 80 lakhs or 1 crore at the top six IIMs.

Q: Is there 100 per cent placement at IIMs?

A: Yes, the IIMs record 100 per cent placements for all students except for those who opt out of the campus placement process to launch their own ventures. IIMs being the top most MBA colleges in India, see participation from the top MNCs and Industry giants across all sectors.

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. The average salary offer at IIM Ahmedabad is usually around INR 27.54 lakh per annum.

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

A: The highest CTC offered in IIM Indore final placements for 2019-2021 MBA batch was INR 41.50 lakh per annum. It increased to INR INR 49.00 lakh per annum for the batch of 2020-22. The average CTC offer at IIM Indoee for 2020-22 batch was INR 25.01 lakh per annum.

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 is between INR 10-15 lakh per annum. The highest CTC figure touches INR 20-23 lakh per annum at these IIMs.

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. Since the top tech and FMCG giants hire candidates from the IIMs, the education load or investment is compensated well. 

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: In 2022, IIM Shillong recorded the average CTC of INR 23.10 lakh per annum. The median CTC saw an increase by 27.35% to INR 22.28 lakh, whereas the average CTC for the top 50% batch increased by 16.08% to INR 26.95 lakh. The highest CTC shot up by 72.56% to INR 55.22 lakh.

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 domestic salary offer in 2022 stood at INR 58.00 lakh per annum, whereas the average CTC stood at INR 31.02 lakh per annum. IIM Lucknow recorded a rise of 19.3 per cent in average CTC and 23.4 per cent in the median CTC from last year.

Download this article as PDF to read offline

Download as PDF
About the Author
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




Sakhar Shi

2 years ago

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

Reply to Sakhar Shi

Upcoming MBA Exam Dates

13 Sep '23 - 24 Sep '23: Karnataka PGCET 2023 admit card download
22 Sep '23 - 24 Sep '23: TS ICET Exercise of Web Options (Phase 2)
9 Sep '23 - 25 Sep '23: AP ICET 2023 Counselling- Verification of Documents
25 Sep '23: Official SNAP Mock Test 2023 Registration last date
15 Jul '23 - 30 Nov '23: XAT 2024 Exam registration

Next Story

We use cookies to improve your experience. By continuing to browse the site, you agree to our Privacy Policy and Cookie Policy.