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
| 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 |
| 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* |
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.
| 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’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 |
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
| 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 |
| 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 |
| 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%) |
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.
| Features | Details |
|---|---|
| Highest international salary offered | INR 85.4 LPA |
| Highest domestic salary offered | INR 76.5 LPA |
| Average salary offered | INR 29.1 LPA |
| Median salary offered | INR 26.5 LPA |
| Total number of recruiters | 108 |
| Number of international offers | 17+ |
| New recruiters | Accenture 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 hiring | Sales & Marketing (22 per cent) |
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 |
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 |
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, 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 |
| 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 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 |
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 |
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.
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.
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.
