MBA Placements 2024 UPDATE
Average MBA Salary Growth (2021–2023)
Updates on MBA Placements 2024 for (IIMs) :
XLRI, SPJIMR, IIM Lucknow, IIM Ahmedabad, IIM Calcutta, and IIM Indore are among the prestigious universities that have effectively finished placing MBA students for 2024. However, a handful of other prestigious B-schools are still releasing placement results for the same year. Follow careerchoice360.in for the most recent updates on MBA Placements 2024.
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IIM Ahmedabad Sets New Placement Criteria for PGP 2024
100% placements were achieved across all clusters, reaffirming IIM Ahmedabad’s position as a benchmark for excellence in management education and career opportunities.
IIM Ahmedabad, one of India’s most prestigious management institutes, successfully placed every student from its Post Graduate Program (PGP) 2024 batch. The final placement drive was conducted in three clusters, with the PGP Agribusiness placements completed in under a day — a remarkable achievement that highlights the institute’s growing corporate connections.
Top recruiters from diverse sectors participated actively, including Tata Steel, NPCI, Jio Financial Services, Newgen Software Tech, Javis, BNP Paribas, Axis Bank, and S&P Global. The Essar Group emerged as the largest recruiter, followed closely by leading FMCG/FMCD companies.
The placement process commenced on February 6, 2024 with Cluster 1, followed by Cluster 2 and Cluster 3 on February 9 and February 12 respectively. Cluster 3 encompassed eight cohorts — Government Enterprises, FinTech, Enterprise Tech, BFSI, Renewable Energy & Greentech, Core Manufacturing & Infrastructure, Analytics & IT Consulting, and Logistics.
Reflecting on past success, the 2022 final placements recorded exceptional numbers with the highest domestic package at ₹61.49 LPA and the highest international offer at US$140,599. The average domestic and international salaries stood at ₹32.80 LPA and US$108,405 respectively.
While official data for 2023 final placements and 2024 summer placements are yet to be released, it is anticipated that compensation packages will continue their upward trend, further strengthening IIM Ahmedabad’s dominance in management placements.
IIM Ahmedabad continues to uphold its legacy of excellence — building strong bridges between industry leaders and future management professionals, and fostering a thriving environment for both recruiters and students.
Stay tuned for more updates on IIM Ahmedabad’s 2024 summer placements and 2023 final placement results.
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IIM Ahmedabad Summer Placement 2024: Cluster-wise Details
| Clusters | Students Placed |
|---|---|
| Cluster-1 | 187 |
| Cluster-2 | 117 |
| Cluster-3 | 98 |
| Other (Off-campus, IIM Avericks) | 4 |
| Total | 406 |
IIM Bangalore Achieves 100% Placements for PGP Programs in 2024: Consulting Sector Dominates
With 516 students placed, the Indian Institute of Management Bangalore (IIM Bangalore) has successfully concluded its placement drive for the 2024 batch, achieving 100% placements across both the PGP and PGP-BA programs.
The median annual compensation stood at INR 32.5 LPA, while the average package reached an impressive INR 35.31 LPA. The highest package offered touched INR 80 LPA, reflecting IIM Bangalore’s consistent placement excellence and employer trust.
The consulting sector continued to dominate placements with 218 offers, underscoring the institute’s strong ties with top consulting firms. Additionally, 29 students secured international offers, showcasing the institute’s global appeal.
Notable recruiters included Infosys, Jindal Shadeed, Transformation X, EY Parthenon Singapore, JP Morgan Chase, and Goldman Sachs. These figures reaffirm IIM Bangalore’s role as a premier institution that continues to bridge academia and industry effectively.
On January 30, 2024, IIM Bangalore also announced the successful completion of its summer placements, further highlighting its commitment to nurturing talent and fostering robust industry partnerships.
Sector-wise Summer Placements at IIM Bangalore, 2024
| Sector | Total No. of Firms | Total No. of Offers | % Share |
|---|---|---|---|
| Consulting | 20 | 155 | 26% |
| Finance/Banking/Investments | 43 | 135 | 22% |
| IT Software/Services/Security | 14 | 43 | 7% |
| FMCG/Retail | 23 | 79 | 11% |
| Analytics/AI/ML | 8 | 13 | 2% |
| E-commerce/Payments/Telecom | 15 | 45 | 7% |
| Manufacturing/Construction/Energy | 20 | 45 | 9% |
| Foundations/Governance/Education | 9 | 29 | 5% |
| Healthcare | 9 | 19 | 3% |
| Total | 171 | 602 | 100% |
Top B-Schools MBA Placements 2024 Highlights
IIM Kozhikode – 100% Placement (2024)
559 offers were rolled out by 123 recruiters, reflecting IIM Kozhikode’s commitment to top-tier opportunities.
- Highest Package: ₹67.02 LPA
- Average Salary: ₹31.02 LPA
- Median Salary: ₹27 LPA
- Top 10% Avg: ₹37.25 LPA
- Top Recruiters: Amazon, BCG, Deloitte, HUL, Adani, Capgemini
- Female Avg Salary: ₹31.93 LPA
IIM Calcutta – Record 100% Placement (2024)
464 students received 529 offers from 194 recruiters, reaffirming IIM Calcutta’s global brand strength.
- Highest Package: ₹1.2 Crore
- Average Salary: ₹35.07 LPA
- Median Salary: ₹33.67 LPA
- Consulting Sector: 31.6% placements
- Top Recruiters: Deloitte, Google, Microsoft, Amazon, HDFC, Accenture
- Total Companies: 194
SPJIMR Mumbai – 100% Placement (2024)
SPJIMR’s 2024 MBA batch achieved 100% placement success with record salary offers and PPOs.
- Highest Package: ₹81 LPA
- Average Package: ₹33 LPA
- 90% students got above ₹25 LPA
- 47% PPOs (138 from 72 companies)
- Top Recruiters: HUL, ITC, Marico, L’Oréal, Nestle, Godrej, Colgate
XLRI Jamshedpur & Delhi NCR – 100% Placements (PGDM 2022–2024)
XLRI Jamshedpur and XLRI Delhi NCR once again demonstrated their legacy of excellence by achieving 100% placements for the 2022–2024 PGDM batch. A total of 503 students from the PGDM (BM) and PGDM (HRM) programs were placed, receiving exceptional domestic and international offers.
Key Highlights of XLRI Placements 2024
- Average Salary: ₹29.89 LPA
- Median Salary: ₹28 LPA
- Highest Domestic Package: ₹75 LPA
- Total Offers: 519 domestic + 1 international
- Total Students Placed: 503
- Placement Rate: 100%
XLRI’s outstanding placement performance reflects its deep industry ties, rigorous academics, and leadership-oriented curriculum. The institute continues to empower students with creative, strategic, and ethical management skills, producing professionals who are ready to lead change globally.
MDI Gurgaon Achieves 100% Placements for PGDM Batch 2022–2024
The Management Development Institute (MDI) Gurgaon continues its legacy of academic excellence and industry readiness by achieving 100% placements for the PGDM batch of 2022–2024. Recruiters from diverse sectors such as consulting, BFSI, e-commerce, FMCG/FMCD, healthcare, pharmaceuticals, media, telecom, automobile, energy, and logistics participated in the placement process.
Key Pointers of MDI Gurgaon Placements 2024
- Top Recruiting Sector: Consulting, with 205 offers.
- Prominent Recruiters: Adidas, Landmark Group, Trident Group, Accenture Strategy, Aditya Birla Group, Deloitte, Amazon, and others.
- Highest Internship Stipend: ₹4 lakh for a 2-month internship.
- Placement Rate: 100% across all programs.
- Industry Spread: BFSI, Consulting, FMCG, E-commerce, Healthcare, Media, Telecom, and Logistics.
These stellar placement results reaffirm MDI Gurgaon’s position among India’s premier B-schools. Employers recognize MDI graduates for their leadership potential, analytical abilities, and readiness for real-world business challenges. The institute remains committed to fostering innovation, nurturing global leaders, and strengthening industry-academia collaboration.
Trends in Top B-School MBA Placements 2024
The placement season of 2024 has seen notable trends and salary surges across India’s leading business schools. From record-breaking packages to wider industry participation, these trends highlight the evolving landscape of management placements in India.
High Salary Increases at B-Schools (11%–20%)
Several top institutions including IIT Bombay, IIT Delhi, IIFT, IIM Rohtak, TISS, XIMB, Masters Union, IIM Indore, IIM Shillong, and IIM Udaipur reported remarkable salary growth ranging between 11% and 20% compared to the previous academic year. These improvements reflect the growing employer confidence and the strong market demand for management talent from these institutes.
Moderate Pay Increases (2%–6%)
Notable B-Schools such as FMS Delhi, XLRI, SPJIMR, MDI, MICA, IIM Bangalore, IIM Calcutta, IIM Lucknow, and IIM Kozhikode experienced moderate salary growth between 2% and 6%. Despite a stable year, these institutions maintained high placement rates and continued to attract top-tier recruiters.
Rising Stars: Up-and-Coming B-Schools
Emerging institutions like Masters Union, BITSoM, IIM Rohtak, and XIM Bhubaneswar have made a strong mark by featuring in the Top 20 B-Schools of 2024. Particularly, BITSoM’s first MBA batch achieved an impressive average salary of ₹23.85 LPA, surpassing several older IIMs.
Adoption of IPRS Audit Standards
Leading B-Schools such as IIM Ahmedabad, IIM Bangalore, IIM Udaipur, IIM Rohtak, XLRI, SIBM Pune, and SPJIMR Mumbai adhere to the Indian Placement Reporting Standards (IPRS) for transparency in placement data. While IIM Ahmedabad and Bangalore release data post-IPRS audit, others initially share provisional statistics and later update figures after audit verification.
The 2024 placement trends underscore the resilience, competitiveness, and adaptability of India’s management education ecosystem, with institutions continually aligning their programs to industry demands and global benchmarks.
Top B-Schools Placement Report – Average Salary (2021–2023)
IIMs Average Salary – Year-wise Comparison
| IIM Campus | 2021 | 2022 | 2023 |
|---|---|---|---|
| IIM Ahmedabad | ₹27.54 LPA | ₹32.80 LPA | ₹34.36 LPA |
| IIM Bangalore | ₹28.98 LPA | ₹33.82 LPA | ₹35.31 LPA |
| IIM Calcutta | ₹29.00 LPA | ₹34.20 LPA | ₹35.07 LPA |
| IIM Kozhikode | ₹22.53 LPA | ₹29.50 LPA | ₹31.02 LPA |
| IIM Lucknow | ₹26.00 LPA | ₹31.03 LPA | ₹32.20 LPA |
| IIM Indore | ₹23.60 LPA | ₹25.01 LPA | ₹30.21 LPA |
| IIM Shillong | ₹19.17 LPA | ₹23.10 LPA | ₹26.96 LPA |
| IIM Raipur | ₹15.11 LPA | ₹17.73 LPA | ₹21.04 LPA |
| IIM Tiruchirappalli | ₹14.85 LPA | ₹17.00 LPA | ₹20.55 LPA |
| IIM Udaipur | ₹13.42 LPA | ₹17.80 LPA | ₹20.32 LPA |
| IIM Rohtak | ₹13.74 LPA | ₹16.06 LPA | ₹18.73 LPA |
| IIM Kashipur | ₹14.05 LPA | ₹15.21 LPA | ₹18.11 LPA |
| IIM Ranchi | ₹14.69 LPA | ₹16.17 LPA | ₹17.30 LPA |
| IIM Nagpur | ₹13.21 LPA | ₹14.94 LPA | ₹16.74 LPA |
| IIM Amritsar | ₹12.68 LPA | ₹14.63 LPA | ₹16.51 LPA |
| IIM Sambalpur | ₹11.21 LPA | ₹12.64 LPA | ₹16.64 LPA |
| IIM Jammu | ₹10.34 LPA | ₹13.53 LPA | ₹16.43 LPA |
| IIM Bodh Gaya | ₹9.92 LPA | ₹12.36 LPA | ₹16.00 LPA |
| IIM Visakhapatnam | ₹12.62 LPA | ₹14.60 LPA | ₹15.47 LPA |
| IIM Sirmaur | ₹9.60 LPA | ₹12.74 LPA | ₹14.45 LPA |
Top B-Schools Average Salary – Year-wise Comparison
| MBA College | 2021 | 2022 | 2023 |
|---|---|---|---|
| ISB Hyderabad | ₹28.21 LPA | ₹34.08 LPA | ₹34.21 LPA |
| MDI Gurgaon | ₹23.15 LPA | ₹26.65 LPA | ₹27.67 LPA |
| SPJIMR Mumbai | ₹26.06 LPA | ₹32.05 LPA | ₹33.02 LPA |
| XLRI Jamshedpur | ₹25.08 LPA | ₹30.07 LPA | ₹32.70 LPA |
| IIFT Delhi | ₹21.08 LPA | ₹25.16 LPA | ₹29.10 LPA |
| SJMSoM IIT Bombay | ₹21.96 LPA | ₹25.93 LPA | ₹28.88 LPA |
| JBIMS Mumbai | ₹23.16 LPA | ₹27.63 LPA | ₹28.02 LPA |
| TISS Mumbai | ₹19.62 LPA | ₹23.97 LPA | ₹27.22 LPA |
| SIBM Pune | ₹19.56 LPA | ₹23.06 LPA | ₹26.77 LPA |
| NMIMS Mumbai | ₹18.45 LPA | ₹23.07 LPA | ₹26.63 LPA |
| DMS IIT Delhi | ₹18.50 LPA | ₹21.90 LPA | ₹25.82 LPA |
| Masters’ Union Gurugram | ₹29.12 LPA | ₹33.10 LPA | ₹34.07 LPA |
| BITSoM Mumbai | — | — | ₹23.85 LPA |
| SCMHRD Pune | ₹16.50 LPA | ₹20.40 LPA | ₹23.83 LPA |
| DoMS IIT Madras | ₹12.78 LPA | ₹16.66 LPA | ₹20.19 LPA |
| XIM Bhubaneswar | ₹15.15 LPA | ₹17.54 LPA | ₹20.03 LPA |
| MICA Ahmedabad | ₹14.01 LPA | ₹19.01 LPA | ₹20.09 LPA |
| IMT Ghaziabad | ₹12.42 LPA | ₹15.28 LPA | ₹17.35 LPA |
| IMI New Delhi | ₹12.77 LPA | ₹15.23 LPA | ₹17.01 LPA |
| TAPMI Manipal | ₹11.10 LPA | ₹12.60 LPA | ₹14.60 LPA |
| IRMA Anand | ₹10.76 LPA | ₹14.33 LPA | ₹15.50 LPA |
| Great Lakes Chennai | ₹11.00 LPA | ₹12.50 LPA | ₹14.50 LPA |
| GIM Goa | ₹10.71 LPA | ₹12.14 LPA | ₹14.87 LPA |
| LBSIM New Delhi | ₹9.67 LPA | ₹11.30 LPA | ₹12.42 LPA |
| K J Somaiya, Mumbai | ₹9.41 LPA | ₹10.67 LPA | ₹12.23 LPA |
| SDA Bocconi Asia Center | ₹11.40 LPA | ₹13.74 LPA | ₹14.30 LPA |
| FORE New Delhi | ₹10.70 LPA | ₹14.04 LPA | ₹14.50 LPA |
Important FAQs on MBA Placements 2024 (IIMs & Top B-Schools)
Below are some of the most frequently asked questions about MBA Placements 2024 at IIMs and top B-schools — covering salary packages, placement reports, and international offers.
What is the average salary package for MBA graduates in 2024 from IIMs and top B-schools?
Which IIMs and top B-schools have released their placement reports for MBA Placements 2024?
What is the highest salary package offered in MBA Placements 2024 at IIMs and top B-schools?
How can I access the placement reports for IIMs and other top B-schools?
Are international job offers common in MBA Placements 2024 at IIMs and top B-schools?
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