MBA Highest Package in India 2023

India’s Top MBA colleges have recently ended their placements for the batch 2023. Yes, yet the placements of the top Indian MBA colleges has also been encouraging with the largest package set at 115 lakh per annum. The placement reports for top IIMs and some other top B-schools like IIFT, FMS, MDI, SPJIMR, IMI, JBIMS, SIBM, etc have attracted aspiration from people all over the country and abroad. This article has just released On this note, FMS Delhi led as the Indian b-school with MBA highest package at INR 115 LPA.

The downfalls of the economy and other challenges faced by the students have not deterred the employers who gave offers to the graduating class of this year. Once more, the placements across other institutes are dominated by consulting, technology and BFSI sectors. Highlights of the Final Placement Process 2023 for some leading Indian B-Schools. Also, check out the top MBA colleges in India based on placement

mba highest package in india

Placements at IIM 2023: Highest and Average Salary Packages

Name of IIM Highest CTC Average CTC
IIM Ahmedabad INR 115 LPA INR 34.36 LPA
IIM Bangalore to be updated INR 35.31 LPA
IIM Calcutta INR 1.15 crore per annum INR 35.07 LPA
IIM Indore INR 114 LPA INR 30.21 LPA
IIM Shillong INR 71.30 LPA INR 26.96 LPA
IIM Ranchi INR 67.00 LPA INR 17.30 LPA
IIM Raipur INR 67.60 LPA INR 21.04 LPA
IIM Kozhikode NA
IIM Lucknow – PGP & PGP ABM: INR 65 LPA (international)/ INR 1 crore per annum (domestic) – PGP SM: INR 66 LPA – PGP & PGP ABM: INR 32.20 LPA – PGP SM: INR 30.44 LPA – IPMX: INR 26.47 LPA
IIM Sambalpur INR 64.61 LPA INR 16.64 LPA
IIM Sirmaur INR 64.12 LPA INR 14.45 LPA
IIM Nagpur INR 64 LPA INR 16.74 LPA
IIM Jammu INR 64 LPA INR 16.50 LPA
IIM Bodh Gaya INR 14.96 LPA
IIM Udaipur INR 20.09 LPA
IIM Tiruchirappalli INR 41.61 LPA INR 20.55 LPA
IIM Kashipur INR 37 LPA (domestic) INR 18.1 LPA
IIM Amritsar INR 36.25 LPA INR 16.51 LPA
IIM Rohtak INR 36 LPA INR 18.73 LPA
IIM Vishakhapatnam INR 32.65 LPA INR 16.61 LPA

International Placements: IIM Highest Salary Offered

Name of the IIM Highest International CTC
IIM Ahmedabad INR 115 LPA
IIM Calcutta INR 94.82 LPA
IIM Ranchi INR 67 LPA
IIM Lucknow INR 65 LPA
IIM Sambalpur INR 64.15 LPA
IIM Indore INR 56.80 LPA
IIM Kashipur USD 39,240 per annum
IIM Udaipur INR 33.00 LPA*

IIM Ahmedabad Placement

More than 190 companies took part in the IIM Ahmedabad placements 2023 to offer around 280 jobs to the MBA batch 2021-23 . There were top recruiters, with McKinsey and Company having the maximum offers. # Accenture, Boston Consulting Group, Ernst & Young, and other firms also made their presence at the IIM Ahmedabad placement drive. The Indian Placement Reporting Standards (IPRS) will soon make public the salary figures of the students.

Placements at IIIM Ahmedabad 2023: Highlights The following table presents the insights from the 2023 placement session at IIM Ahmedabad:
Features Details
Highest salary offered INR 115 LPA
Average salary offered 34.36 LPA
Highest International Salary Offerd INR 1.08CPA
Number of participating companies 188
Top recruiting companies
McKinsey and Company, highest number of offers)
Total number of offers made 280
New Recruiters 38

IIM Bangalore Placement

IIM Bangalore’s Final placement for 2023 is over. Up to 512 students took part and had over 606 offers from premium companies. According to the placements results, this year’s consulting sector recorded the highest number of offers (40%). In the final placements, The Boston Consulting Group made 26 offers among top recruiters. The following were other top recruiters in the IIM Bangalor final placements:

Features Details
Average CTC INR 35.31 LPA
Median CTC INR 33 LPA
Number of companies participated 164
Number of students 512
Number of offers made 606
Top recruiters BCG, Bain & Company, McKinsey & Company, Microsoft, TCS, among others

IMM Calcutta Placement

A total of 465 students were placed through the placement process managed by the IIM Calcutta 2023. Out of all those recruiters, 190 saw 573 offers at the institute. At the institute, for instance, there was an increase from INR 34 LPA to INR 35.07 LPA which is the average salary. Leading companies that took part in the placement process of IIM Calcutta 2023 are Accenture Strategy, Bain & Company, Boston Consulting Group, EY Parthenon, McKinsey & Company, Amazon, Flipkart, Microsoft, Pay

IIM Calcutta Placements 2023: Highlights

Features Details
Average CTC offer INR 35.07 LPA
Median CTC offer INR 33.67 LPA
Total number of recruiters 190
Total number of students 465
Total number of job offers 573
Top recruiting domain Consulting (40.5%)
Top recruiters Accenture Strategy, Bain & Company, Boston Consulting Group, EY Parthenon and McKinsey & Company

IMM Lucknow Placement

In 2023, IIM Lucknow achieved 100% placements including highest recruitment of students in consulting. Among the top recruiters at IIM Lucknow were the Aditya Birla group, Accenture, Adobe, Alliance Bernstein, Alvarez and Marsal, Amagi, American Express, and the Asian paints, Atlassian, Avendus Capital etc

IIM Lucknow Placements 2023: Highlights

Features Details
Highest international CTC offered INR 65 LPA
Highest domestic CTC offered INR 1 crore per annum
Average CTC offered – PGP & PGP ABM: INR 32.20 LPA – PGP SM: INR 30.44 LPA – IPMX: INR 26.47 LPA
Total number of offers – PGP & PGP ABM: 632
Total number of students – PGP & PGP ABM: 571 – PGP SM: 34 – IPMX: 108

IMM Indore Placement

The average package of the IIM Indore placement process 2023 witnessed an increase. The average salary was INR 30.21 lakh annually. The maximum salary package was 114 LPA. Some of the top recruiters for the year 2022 were Bank of America, Deutsche Bank, Goldman Sachs, HDFC bank, JP Morgan Chase & Co., Morgan Stanley, Blue Star, National Payments Corporation of India, PhonePe, AB Inbev,
Features Details
Highest salary offered INR 114 LPA
Average salary offered INR 30.21 LPA
Number of recruiters 160+
Number of students 568
Top recruiting domain Consulting (29%)

IIFT Delhi Placement

The final placement at IIFT, Delhi resulted to 100% recruitments with an average CTC of 29.1 lakh INR per annum. The highest international CTC offered was INR 85.4 lakh per annum while that of domestic CTC was INR 76.5 lakh per annum. The largest number of highest bids came from Sales & Marketing firms (22%). The top recruiters included Accenture Strategy, Deloitte Consulting, EY, Infosys, Mckinsey & Co, Optum Advisory, Shangrila Corporate Services, Thoucentric, Wipro and ZS Associates among others.

Highest international salary offered INR 85.4 LPA
Highest domestic salary offeredINR 76.5 LPA
Average salary offeredINR 29.1 LPA
Median salary offeredINR 26.5 LPA
Total number of recruiters108
Number of international offers17+
New recruitersAccenture Strategy, Mars, Narayana Health, NFIL, Nucleus, Asian Paints, AU Small Finance Bank, CarDekho, Dell Technologies, Deloitte, Emami, EY, HCCB, Searce, State Street and Udaan,Jio Platforms,  Software, Optum, RBL Bank, 
Sector-wise maximum hiringSales & Marketing (22 per cent)

FMS Delhi Placement

FMS Delhi placements for 2023 batch were 100% recruitments and average CTC per annum was INR 34 lakh. Finally, as expected, FMS Delhi ended the placement drive with an INR 123 LPA to retain its image as the b-school with the highest MBA package in India. The 2021-23 batch comprising of 273 students got placed at 283 offers through institute placements. The top recruiters include Accenture Strategy, Adobe, Amazon, Bain & Co, Boston Consulting Group, Citibank, Coca-Cola, ITC Limited, Kearney, Media.net, Microsoft, Paytm, Standard Chartered and many more

Features Details
Highest salary offered INR 123 LPA
Average Salary Offered INR 34.1 LPA
Median Salary Offered INR 31 LPA
Number of students participated 273
Number of offers made 283
Number of recruiters 110
Top Recruiters Accenture Strategy, Adobe, Amazon, Bain & Co., Boston Consulting Group, Citibank

XLRI Jamshedpur Placement

The XLRI, Jamshedpur final placement process of the 2023 batch saw 100% hiring where all the 463 eligible candidates got offers totaling to 487 as per news from TOI. The top companies are, for example, the Boston Consulting Group, Microsoft, Amazon, Procter & Gamble (P&G), and Aditya Birla Group or ITC Limited, Avendus Capital, Hindustan Unilever, etc. According to the XLRI placements the maximum domestic salary offered domestically this year was 78.2 lakh per annum and average salary offer this time is INR 32.70 lakh per annum.

Features Details
Highest international salary INR 110 LPA
Highest domestic salary INR  78.2 LPA
Average domestic salary INR 32.70 LPA
Median domestic salary INR 30.00 LPA
Number of eligible candidates 463
Number of offers made 487
Total number of participating companies 117
Number of first-time recruiters 30

SPJIMR Mumbai Placement

as compared to SPJIMR final placement 2022, the institute saw an increase in salary offers this year. The highest international CTC amounted to 77.88 lakhs per annum, while the highest amount in India was 67.50 lakhs per annum. The average salary paid this year was around INR 33.02 lakh per annum, against INR 32.05 lakh per annum in the previous year). At SPJIMR, a total of 112 pre-placement offers.

Features Details
Highest international salary offered INR 77.88 LPA
Highest domestic salary offered INR 67.5 LPA
Average salary offered INR 33.02 LPA
Median salary offered INR 32.89 LPA
Total number of students 237
Total number of participating companies 63
Number of PPOs 112
Number of first time recruiters 33

MDI, Gurgaon Placement

MDI, Gurgaon, completed its final placement activity for the batch of 472 students of the session 2021-23 and recruited them entirely. This year saw the involvement of 102 companies of which 21 were new companies with notable increase on the average wage.

As per the MDI placements, the greatest annual salary for this year was a staggering INR 60 lakhs. The average salary offer was at INR 27.67 lakhs per annum.

Features Details
Highest domestic salary offered INR 60 LPA
Average salary offered INR 27.67 LPA
Median salary offered INR 26.13 LPA
First time recruiters 21
Number of participating companies 102
Total number of PPOs 154

IMT Ghaziabad Placement

The highest international package was INR 65.6 LPA for IMT Ghaziabad 2023 final placement. As per the final placement report, the batch of PGDM 2023 placed in IMT Ghaziabad was offered a mean package of Rs. 17.35 LPA and a median package of INR 16 LPA. Notably, the placement drive involved more than a hundred recruiters who offered modern-day job positions to the students from a number of professions. Some of the notable recruiting organizations in IMT Ghaziabad were as follows – Accenture, Adani Group, Asian Paints, Amazon, Bajaj & Cognizant, Deloitte among others.
Features Details
Highest salary offered INR 65.60 LPA
Average salary offered INR 17.35 LPA
Median salary offered INR 16.00 LPA
Number of recruiters 150+
Top recruiters Accenture, Adani Group, Asian Paints, Amazon, Bajaj, Cognizant, Deloitte, among others.

MBA Salary in India – Specialization Wise

<td “>Salary Range
MBA Specializations List Average Salary (LPA)
MBA in HR INR 5,20,000 5L-8L
MBA in Business Analytics INR 5,40,000 5L-18L
MBA in Entrepreneurship INR 5,50,000 5L-20L
MBA in Digital Marketing 5L-25L
MBA in IT INR 5,77,000 5L-12L
MBA in Event Management INR 6,00,000 2L-18L
MBA in Healthcare INR 6,00,000 5L-12L
MBA in Finance INR 7,30,000 7L-22L
MBA in Operations INR 7,60,000 5L-10L
MBA in Marketing INR 7,82,000 7L-25L

Top MBA Colleges by Highest Salary in Placements 2023

Here is a list of the Top 10 MBA Colleges by Highest Salary in Placements 2023. IIM Bangalore has not revealed its top salary, and IIM Ahmedabad will reveal salary information in September 2023 after IPRS Audit. This, both of these B-schools cannot fall into the category of top MBA colleges with highest salary in 2023.

Top MBA College by Highest Salary
Highest Salary 2023
FMS Delhi Placements
Rs.1.23 Crore
IIM Indore Placements
Rs.1.14 Crore
SPJIMR Mumbai Placements
Rs.77.80 LPA
IIFT Delhi & Kolkata Placements
Rs.75.60 LPA
XIM Bhubaneswar Placements
Rs.71.50 LPA
IIM Shillong Placements
Rs.71.30 LPA
NMIMS Mumbai Placements Rs.67.80 LPA
IIM Raipur Placements
Rs.67.60 LPA
IIM Kozhikode Placements
Rs.67.02 LPA
MDI Gurgaon Placements
Rs.60.00 LPA
IIM Lucknow Placements
Rs.58.00 LPA

FAQs Related to MBA Placements

Q-What is the average CTC at IIM Bangalore?.

Average CTC for the year 2020-21 by IIM Bangalore Placement was INR 28.98 lakh annually. The most notable recruiters included Accenture Strategy, Amazon, Bain & Company, Goldman Sachs, McKinsey & Company, BCG, Microsoft, Paytm, and Kearney.

Q-Is IMT Ghaziabad good for placements?

A: One of the best ranked MBA institutes in India, IMT Ghaziabad, has excellent track record with regards to placement. Domestic companies were offering a maximum annual payment of INR 62.00 lakh last year.

Q-What was the maximum international salary package offered by IIM Calcutta?

A: In 2021, the highest salary offered by IIM Calcutta was INR 80 lakh per annum. There were no international offers in 2022 for the final placements.