IIM Placements 2024: Institute-wise Highest Package Offered, Median and Average Salary Details

Updated On: November 04, 2024 02:21 PM

IIM placements 2024 were conducted between December 2023 and February 2024. So far, IIM-A, IIM-C, IIM-L, and IIM-I have released their final placement reports. The highest package offered by old IIMs is INR 60 LPA to INR 1.46 CPA, whereas the new IIMs offered the highest package of INR 30 LPA to INR 70 LPA.

Table of Contents

IIM Placements 2024 Highlights
IIM Campus-wise Placement 2024 Statistics
Top Recruiters at IIM Placements 2024
Highest & Average CTC Offered During IIM Placements 2023
Highest International CTC Offered During IIM Placements 2023
Faqs

IIM placements 2024 took place between December 2023 and February 2024. As per the reports, the highest packages offered by the old IIMs lie between INR 60 LPA and INR 1.46 CPA, while the new IIMs offered a maximum package from INR 30 LPA to INR 70 LPA. The placement reports and average package information for IIMs are typically released between January and July each year. Up to now, IIM Ahmedabad, IIM Calcutta, IIM Bangalore, IIM Kozhikode, IIM Lucknow, IIM Mumbai, and IIM Indore have disclosed their placement results and average package details for the year 2024 through press releases or final reports. The global economic downturn has affected the IIM placements 2024, particularly in consulting, technology, and IT sectors. Due to this, there has been a drop in the salary at many IIMs compared to the last year. Let’s have a look at the IIM placement 2024 statistics provided in the article.

Also Read: Top Institutes with 100% Job Placements

IIM Placements 2024 Highlights

IIM Ahmedabad completed the placements for its One-Year PGPX program in June 2024, with 121 students accepting offers. Consulting firms dominated the recruitment, hiring 35% of the batch for management and technology roles.
IIM Ahmedabad has recognized the challenging job market, noting a decrease in placements, especially in management consulting roles.
In 2024, the top recruiter at IIM-A was Accenture, offering 26 positions, followed by Boston Consulting Group with 23 offers. This marks a shift from 2023 when McKinsey was the leading recruiter with 18 offers.
The median average package for placements at IIM Bangalore in 2024 was INR 32.5 LPA, slightly lower than the INR 33 lakhs earned by graduates in 2023. The institute also saw a higher number of placements with consulting firms (218) than any other industry, with finance, banking, and investment following as the second highest at 81 hires.
Prof. Ganesh N Prabhu, chairperson of Career Development Services at IIM Bangalore, acknowledged that it had been a challenging year for placements. He also expressed gratitude to Accenture for extending a record 58 offers to graduating students, compared to 32 in 2023.
At IIM Indore, placement salaries decreased from INR 27.2 LPA in 2023 to 24.5 LPA in 2024. A similar trend was observed at IIM Lucknow, which saw a decrease from a median CTC of INR 30 LPA in 2023 to INR 27 LPA in 2024. Over 250 recruiters from various sectors participated in the IIM Lucknow placement drive.

Also Read: IIM Fees vs Salary 2024

IIM Campus-wise Placement 2024 Statistics

As stated above, not all IIMs have released detailed placement reports for the current year. The data provided in the table below have been gathered from the press releases and final reports released by the IIMs.

Name of the IIM	Placement Status 2024	Average CTC 2024	Rise or Drop in Average CTC	Highest CTC 2024
IIM Ahmedabad	Completed	To be disclosed after IPRS audit in Oct 2024	To be disclosed after IPRS audit in Oct 2024	To be disclosed after IPRS audit in Oct 2024
IIM Bangalore	Completed	INR 35.92 LPA	1.7 % Rise	To Be Announced
IIM Kozhikode	Completed	INR 28.05 LPA	9.6 % Drop	To Be Announced
IIM Calcutta	Completed	INR 35.07 LPA	No Change	To Be Announced
IIM Lucknow	Completed	INR 30.00 LPA	6.8% Drop	To Be Announced
IIM Mumbai	Completed	INR 31.00 LPA	11.7% Rise	INR 54 LPA
IIM Indore	Completed	INR 25.68 LPA	15% Drop	INR 1 CPA
IIM Raipur	Completed	INR 19.7 LPA	6% Drop	To Be Announced
IIM Rohtak	Completed	INR 19.27 LPA	3% Rise	To Be Announced
IIM Udaipur	Not Completed	NA	NA	NA
IIM Kashipur	Not Completed	NA	NA	NA
IIM Trichy	Completed	INR 19.43 LPA	5% Drop	To Be Announced
IIM Ranchi	Completed	INR 18.69 LPA	8% Rise	To Be Announced
IIM Shillong	Completed	INR 26.1 LPA	3% Drop	To Be Announced
IIM Vishakhapatnam	Completed	INR 15.61 LPA	- 6 % Drop	To Be Announced
IIM Jammu	Completed	INR 15.48 LPA	- 6% Drop	To Be Announced
IIM Amritsar	Not Announced	NA	NA	NA
IIM Bodh Gaya	Completed	INR 13.9 LPA	-13% Drop	To Be Announced
IIM Sambalpur	Completed	INR 14.21 LPA	-14% Drop	To Be Announced
IIM Nagpur	Completed	INR 16.29 LPA	-2.69% Drop	To Be Announced
IIM Sirmaur	Not Completed	NA	NA	NA

Also Read: IIM Selection Criteria 2025-27

Top Recruiters at IIM Placements 2024

Being the prestigious management institutes in the country, IIMs invite many renowned companies to participate in their placement drives. Take a look at some of the top recruiters that offered impressive packages to graduates during IIM placements 2024.

Accenture	Axis Bank	HSBC
Deloitte	IBM	KPMG
PWC	EY	Google
ANZ	Infosys	American Express
JP Morgan	WNS	Tech Mahindra
Amazon	Reliance Industries	Intel
JSW	Microsoft	TATA Steel
L&T	Hindustan Unilever Limited	Capgemini
Morgan Stanley	HCL Technologies	P&G

Highest & Average CTC Offered During IIM Placements 2023

Let’s have a look at the highest and average salary packages offered during IIM placements 2023.

Name of IIM	Highest CTC	Average CTC
IIM Ahmedabad	INR 61.48 LPA	INR 32.79 LPA
IIM Bangalore	1.15 CPA	INR 35.31 LPA
IIM Calcutta	1.15 CPA	INR 35.07 LPA
IIM Lucknow	INR 66.00 LPA	INR 32.20 LPA
IIM Kozhikode	INR 67.00 LPA	INR 31.02 LPA
IIM Indore	INR 1.14 CPA	INR 30.21 LPA
IIM Shillong	INR 71.30 LPA	INR 26.96 LPA
IIM Rohtak	INR 36.00 LPA	INR 18.73 LPA
IIM Ranchi	INR 67.00 LPA	INR 35.50 LPA
IIM Raipur	INR 43.43 LPA	INR 21.04 LPA
IIM Tiruchirappalli	INR 41.61 LPA	INR 20.55 LPA
IIM Kashipur	INR 37.00 LPA	INR 18.10 LPA
IIM Udaipur	INR 35.04 LPA	INR 20.02 LPA
IIM Nagpur	INR 64.00 LPA	INR 16.74 LPA
IIM Vishakhapatnam	INR 32.65 LPA	INR 16.61 LPA
IIM Bodh Gaya	INR 48.58 LPA	INR 14.96 LPA
IIM Amritsar	INR 36.25 LPA	INR 16.51 LPA
IIM Sirmaur	INR 64.12 LPA	INR 14.45 LPA
IIM Sambalpur	INR 64.61 LPA	INR 16.63 LPA
IIM Jammu	INR 64.00 LPA	INR 16.43 LPA

Also Read: List of Top IIMs in India 2024

Highest International CTC Offered During IIM Placements 2023

Many renowned international companies participate in IIM placement drives and offer exceptional salary packages to graduates. Have a look at the highest international packages offered during IIM placements 2023.

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 Ranchi	INR 59.36 LPA
IIM Sambalpur	INR 58.00 LPA
IIM Kashipur	INR 48.50 LPA
IIM Udaipur	INR 33.00 LPA

All the IIMs release their final placement reports on their official websites. These reports provide detailed insights into the recruitment season, highlighting the sectors and profiles that have seen the highest demand. Additionally, they showcase the diversity in the backgrounds of students and the variety of roles offered to them.

Related Links:

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Minimum Percentile in CAT 2024 to Get into IIM

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FAQs

When were the IIM placements 2024 conducted?

The IIM placements 2024 took place between December 2023 and February 2024. During this period, companies from diverse sectors visited the campuses of participating IIMs to engage in recruitment drives, offering positions to graduating students across a wide range of roles and functions.

Which IIM has the best placements?

IIM Ahmedabad, IIM Bangalore, IIM Calcutta, IIM Indore, IIM Kozhikode, and IIM Lucknow have the best placements. These institutions are highly regarded for their rigorous academic programs and extensive networks with top global firms, ensuring their graduates are among the most sought-after by employers.

What is the highest package offered during IIM placements 2024?

The highest package offered by IIM Mumbai and IIM Indore during 2024 placements was INR 54 LPA and INR 1 CPA, respectively. The detailed placement reports of all IIMs are still not out. Last year, the highest package offered by IIM Bangalore and IIM Calcutta was INR 1.15 CPA. IIM Indore offered the highest package of INR 1.14 CPA.

Who were the top recruiters in IIM Ahmedabad 2024 placement drive?

During the IIM Ahmedabad 2024 placement drive, Accenture emerged as the top recruiter, offering 26 positions, followed closely by the Boston Consulting Group, with 23 offers. This marks a noticeable shift from the previous year, indicating changing industry preferences.

What was the median average package for IIM Bangalore placements 2024?

The median average package for placements at IIM Bangalore in 2024 was INR 32.5 LPA, which was slightly lower than the INR 33 lakhs earned by graduates in the previous year, showcasing a competitive yet slightly fluctuating compensation landscape.

How has IIM Indore’s placement salary changed from 2023 to 2024?

IIM Indore witnessed a decrease in placement salaries from INR 27.2 LPA in 2023 to INR 24.5 LPA in 2024, reflecting the broader economic challenges and their impact on hiring and compensation trends within top management institutes.

What trends were observed in IIM Lucknow's 2024 placement drive?

IIM Lucknow saw a decrease in the median CTC from an unspecified amount in 2023 to another unspecified amount in 2024. Despite this, over 250 recruiters participated in the drive, indicating strong employer interest in their graduates.

What is the placement process at IIMs?

The placement process at IIMs consists of three main activities: Summer, Lateral, and Final Placements. Summer placements take place between October and November for first-year students. Lateral placements occur in January and February for students with previous work experience. The Final placements are conducted in February and March for all graduating students.

What are the top companies participating in IIM placements?

The top companies participating in IIM placements are Accenture, Axis Bank, HSBC, Deloitte, IBM, KPMG, PWC, EY, Google, ANZ, Infosys, American Express, JP Morgan, WNS, Tech Mahindra, Amazon, Reliance Industries, Intel, JSW, Microsoft, TATA Steel, L&T, Hindustan, Unilever Limited, Capgemini, Morgan Stanley, HCL Technologies, and P&G.

Did the global economic downturn affect the IIM placements 2024?

The global economic downturn in 2024 had an impact on IIM placements, especially in consulting, technology, and IT sectors. As a result, there was a decrease in the salary packages compared to the previous year, which reflected the challenging macroeconomic conditions.

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What is the MBA admission fees for first and second year apart from KEA Authority fees at PES College of Engineering, Mandya?

-DarshanUpdated on December 04, 2024 01:18 PM

1 Answer

Intajur Rahaman, Content Team

Dear Student,

The MBA admission fees for first and second year apart from KEA authority fees at PES College of Engineering, Mandya is around INR 14,200 to INR INR 45,706 depending on your candidate category and whether you are pursuing an MBA course through Aided or Unaided means. The fee structure details for every candidate category is released on the official website of PES College of Engineering and you may visit the official website to find out how much you need to pay as admission fees in the first and second year of your MBA course.