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 |
|---|---|---|---|---|
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 | |
Completed | INR 35.92 LPA | 1.7 % Rise | To Be Announced | |
Completed | INR 28.05 LPA | 9.6 % Drop | To Be Announced | |
Completed | INR 35.07 LPA | No Change | To Be Announced | |
Completed | INR 30.00 LPA | 6.8% Drop | To Be Announced | |
Completed | INR 31.00 LPA | 11.7% Rise | INR 54 LPA | |
Completed | INR 25.68 LPA | 15% Drop | INR 1 CPA | |
Completed | INR 19.7 LPA | 6% Drop | To Be Announced | |
Completed | INR 19.27 LPA | 3% Rise | To Be Announced | |
Not Completed | NA | NA | NA | |
Not Completed | NA | NA | NA | |
Completed | INR 19.43 LPA | 5% Drop | To Be Announced | |
Completed | INR 18.69 LPA | 8% Rise | To Be Announced | |
Completed | INR 26.1 LPA | 3% Drop | To Be Announced | |
Completed | INR 15.61 LPA | - 6 % Drop | To Be Announced | |
Completed | INR 15.48 LPA | - 6% Drop | To Be Announced | |
Not Announced | NA | NA | NA | |
Completed | INR 13.9 LPA | -13% Drop | To Be Announced | |
Completed | INR 14.21 LPA | -14% Drop | To Be Announced | |
Completed | INR 16.29 LPA | -2.69% Drop | To Be Announced | |
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 | |
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.
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