Updates on MBA Placements (IIMs) for 2024:
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% of placements were made in all clusters.
Once again setting the standard high, IIM Ahmedabad, a renowned provider of excellent management education, selected every student for its esteemed Post Graduate Program (PGP) cohort of 2024.The last placement procedure was divided into three groups, with the PGP Agribusiness placements being finished remarkably quickly—in less than a day. Recruitment professionals from a wide range of sectors actively participated in the placement drive. Among the well-known employers were Tata Steel, NPCI, Jio Financial Services, Newgen Software Tech, Javis, BNP Paribas, Axis Bank, and S&P Global. The biggest recruiter was the Essar Group, closely followed by businesses in the FMCG/FMCD industry. The final placement process began on February 6, 2024, with Cluster 1 starting on that date. Cluster 2 and Cluster 3 started on February 9 and February 12, respectively. Eight cohorts were included in Cluster 3, which included government enterprises, FinTech, Enterprise Tech, BFSI, Renewable Energy & Greentech, Core Manufacturing & Infrastructure, Analytics & IT Consulting, and Logistics.
Considering the pattern of rising pay, Final placements from the previous year in 2022 showed some outstanding numbers, with IIM Ahmedabad recording the highest compensation both domestically at Rs. 61.49 LPA and internationally at US$140,599. While the average foreign pay was US$108,405, the average domestic wage was Rs. 32.80 LPA.
It is anticipated that the compensation packages for the final placements of 2023 have increased significantly, even though IIM Ahmedabad has not yet released official data for the summer placements of 2024 and the final placements of 2023.
IIM Ahmedabad’s steadfast commitment to fostering a friendly environment for recruiters and students is demonstrated by its consistently high placement success rate. IIM Ahmedabad maintains its reputation as the best option for management training and hiring talent, carrying on its heritage of creating strong connections between business executives and aspiring management professionals.
As IIM Ahmedabad continues to retain its reputation of excellence in management education and placements, stay tuned for further information on the summer placements of 2024 and the final placements of 2023.
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 wrapped up its placement drive for the 2024 batch, guaranteeing 100% placements for both the PGP-BA and PGP programs. Despite a slight decline in comparison to the previous year, The median annual compensation for placements in 2024 was INR 32.5 lakhs the year before. With the biggest package coming in at INR 80 LPA, the average package was still excellent at INR 35.31 LPA. With 218 offers, the consulting industry came out on top for recruiting, while 29 students obtained good offers from overseas. Prominent employers such as Infosys, Jindal Shadeed, Transformation X, EY Parthenon Singapore, JP Morgan Chase, and Goldman Sachs were among the notable recruiters. IIM Bangalore’s dedication to developing talent and building strong industry contacts is demonstrated by its consistently excellent placement performance. As it continues to turn forth professionals who are equipped for the workforce, IIM Bangalore confirms its place as India’s top management school. As the school continues to improve at shaping the next generation of leaders, keep an eye out for more details about its industry partnerships and placement successes.
The Indian Institute of Management Bangalore (IIM Bangalore) happily declared on January 30, 2024, that all summer placements had been completed.
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% |
| Ecommerce/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% |
All 2024 Batch Candidates Placed at IIM Kozhikode-100% PLACEMENT: 559 Posts Are Offered by 123 Recruiters:
The Indian Institute of Management Kozhikode (IIM Kozhikode) is happy to announce that all students will have opportunities as the placement process for its 2024 class was successfully completed. A grand total of 559 positions were made available, indicating the institute’s commitment to providing its students with lucrative career options. There were 123 recruiters present at the event.
Key Highlights of IIM Kozhikode Placements 2024:
- The most expensive bundle on offer, at INR 67.02 LPA, demonstrated the first-rate options accessible to students.
- The average salary for the group was INR 31.02 LPA, indicating strong placement results, while the median wage was INR 27 LPA.
- Female students achieved an average salary of INR 31.93 LPA, indicating the institute’s dedication to gender inclusivity and equal opportunities.
- The top 10% of the batch received an average package worth Rs 37.25 lakh, a testament to their exceptional performance and talent.
- The students’ widespread success was demonstrated by the fact that the top 25% and 50% of the batch received average packages of Rs 29.28 lakh and Rs 24.13 lakh, respectively.
- A wide variety of 123 companies participated in the placement drive, including 36 new recruiters. Prominent employers included Amazon, Capgemini, Adani, BCG, Cipla, Deloitte, EXL, EY, Flipkart, HUL, and HDFC Bank, demonstrating the industry’s confidence in the talent pool that IIM Kozhikode cultivates.
IIM Calcutta Sets New Placement Records: 100% Placement for MBA 2024 Batch:
Securing 100% placement for its MBA 2024 program is a notable achievement for the Indian Institute of Management Calcutta (IIM Calcutta). 464 students received 529 offers from 194 companies, demonstrating the institute’s reputation as a pioneer in management education and its connections to industry.
Key ASPECTS of IIM CALCUTTA Placements 2024:
- It is evident from the great demand for talent from IIM Calcutta that the median income paid to students is INR 33.67 LPA.
- With an average pay of INR 35.07 LPA, there is strong placement performance overall.
- The most costly package on offer, valued at an incredible INR 1.2 Cr, showcases the excellent choices that IIM Calcutta students can benefit from.
The consulting sector accounted for 31.6% of all placements, or 167 students, making it the most sought-after place to recruit. Among the well-known employers in this sector are Abbott, Accenture, Adani, Asian Paints, Amazon, Infosys, Google, Microsoft, HDFC, Deloitte, Paytm, and Bajaj. The industries that actively participated in the placement campaign included the finance, operations, marketing, and product sectors. IIM Calcutta’s success demonstrates the school’s commitment to providing students with a variety of lucrative career options.
Students are prepared for success in dynamic business situations by the institute’s rigorous academic curriculum and strong industry contacts. The teachers, students, and placement cell at the institute all worked together to ensure that the MBA 2024 cohort was placed successfully. IIM Calcutta continues to generate individuals who are set to make a big impact in their respective professions and are industry-ready through proactive career development activities and industry-oriented learning experiences.
SPJIMR MBA Class of 2024 Achieves Remarkable 100% Placement Success
SPJIMR’s MBA class of 2024 has made waves in the realm of management education with an outstanding achievement of 100% placement success. The batch has not only secured lucrative career opportunities but has also set new benchmarks in terms of salary packages and pre-placement offers (PPOs).
Key Highlights of SPJIMR MBA Placements 2024
- The remarkable Rs 33 lakh average payout for the MBA class of 2024 reflects the great demand for SPJIMR graduates in the corporate world.
- The greatest package ever given to a student broke records and was an astounding Rs 81 lakh, highlighting the exceptional prospects that SPJIMR graduates have access to.
- Notably, 90% of students obtained pay packages exceeding Rs 25 LPA, while 70% of students obtained packages beyond Rs 30 LPA, demonstrating the batch’s broad success.
- Pre-placement offers (PPOs) were extended to an astounding 47% of the batch, demonstrating the recruiters’ faith in SPJIMR ability.
Pre-placement offers, totaling 138 from 72 esteemed companies, were similarly overwhelming in their positiveness for the 2024 MBA class. Several well-known recruiters include AbinBev, Colgate-Palmolive, Novartis, Godrej Group, General Mills, Hindustan Coca-Cola Beverages, Hindustan Unilever Limited, ITC, Kellanova, L’Oréal, Marico, Mondelez, and Nestle.
The fact that SPJIMR has drawn the attention of prestigious recruiters and achieved a 100% placement success rate is evidence of its commitment to providing students with thorough learning experiences and employable skills. With the use of innovative teaching strategies, business partnerships, and a robust placement assistance program, SPJIMR consistently helps students achieve their professional goals.
XLRI Acquires 100% of Placements for the 2022–2024 PGDM Batch: Magnificent SALARY PACKAGES and International Offers
XLRI Jamshedpur and XLRI Delhi NCR campuses have once again demonstrated their commitment to excellence by achieving 100% placements for the graduating batch of 2022-2024. 503 students in all from the PGDM (BM) and PGDM (HRM) programs were positioned, offering outstanding compensation packages as well as global opportunities.
KEY POINtS of XLRI Placements for 2022–2024:
- The average salary for the graduating batch stood at INR 29.89 LPA, showcasing the high value placed on XLRI graduates in the corporate world.
- The greatest domestic package, which reflected the elite prospects open to XLRI alumni, reached an astounding INR 75 LPA.
- The batch’s median salary was INR 28 LPA, suggesting strong placement results all around.
- In total, 503 students received 519 domestic offers and 1 international offer, underlining XLRI’s global appeal and recognition.
XLRI’s 100% placement rate attests to its standing as the leading management education provider in India. The institute’s rigorous academic curriculum, industry-focused approach, and strong industry connections have consistently equipped students with the skills they need to realize their professional goals. XLRI is dedicated to assisting its students in enhancing their creative, entrepreneurial, and leadership abilities even as it celebrates this accomplishment. The institute’s commitment to providing extensive learning opportunities and facilitating relevant job prospects highlights its goal of producing future leaders who will drive positive change in society. Check back often for updates on XLRI’s accomplishments and initiatives as it works to uphold its reputation as a leader in management education.
MDI Gurgaon Maintains 100% Placement Record for PGDM Batch 2022-2024: Diverse Opportunities Across Sectors
Management Development Institute (MDI) Gurgaon continues its legacy of excellence with a remarkable 100% placement record for the PGDM batch of 2022-2024. Recruiters from a wide array of sectors, including consulting, BFSI, e-commerce, FMCG/FMCD, healthcare, pharmaceuticals, media, telecom, automobile, conglomerate, energy, and logistics, have extended coveted roles to MDI graduates.
KEY Pointers for MDI Gurgaon Placements in 2022–2024:
- The consulting domain emerges as the top recruiting sector, with 205 offers, reflecting the institute’s strong industry connections and emphasis on strategic management expertise.
- Reiterating its status as a top location for hiring talent, MDI Gurgaon hosted visits in 2023 from prestigious employers like Adidas, Landmark Group, Trident Group, Accenture Strategy, Aditya Birla Group, Deloitte, and Amazon.
- MDI students have access to attractive internship possibilities, as evidenced by the highest salary awarded for the two-month internship, which was INR 4 lakh.
- Outstanding placements from MDI Gurgaon show the institution’s commitment to offering a range of opportunities and encouraging holistic growth, as employers have identified the institute’s alumni for their potential as leaders and their industry-ready skills. The fact that MDI Gurgaon regularly places all of its students contributes to the institution’s reputation as the best management school in India. The goal of MDI Gurgaon is to cultivate the next generation of leaders who will promote innovation and support the globalization of business, with a focus on talent development and partnerships between industry and academia.
Trends in Top B-School MBA Placements
- 1. High Salary Increases at B-Schools: IIT Bombay, IIT Delhi, IIFT, IIM Rohtak, TISS, XIMB, Masters Union, IIM Indore, IIM Shillong, and IIM Udaipur have all reported large salary increases, ranging from 11% to 20% over the previous year.
- Notable B-Schools with Moderate Pay Increases: FMS Delhi, XLRI, SPJIMR, MDI, MICA, IIM Bangalore, IIM Calcutta, IIM Lucknow, and IIM Kozhikode have all seen moderate pay increases over the past year, ranging from 2% to 6%.
- This year Students at the Top 20 B-Schools: Masters Union, BITSoM, IIM Rohtak, and XIM Bhubaneswar are among the up-and-coming universities that have distinguished themselves by exceptional placement rates and are included in this year’s top 20 B-Schools list. At an average salary of Rs. 23.85 LPA, the first group of MBA graduates from BITSoM stunned the industry and outperformed several prestigious B-Schools, including certain IIMs.
- Adoption of IPRS Audit Standard: Leading B-Schools including IIM Ahmedabad, Bangalore, Udaipur, Rohtak, XLRI, SIBM Pune, and SPJIMR Mumbai adhere to the IPRS standard for disclosing salary data. While IIM Ahmedabad and Bangalore release placement data post-IPRS audit, others initially release data upon placement completion, subsequently updating it after audit verification.
top b-schools placement report – AVERAGE SALARY IN 2021,2022,2023 IIM;S & B -SCHOOL’S
IIM’S PLACEMENT YEAR WISE : 2021 , 2022 , 2023
| IIM Ahmedabad | Rs. 27.54 LPA | Rs. 32.80 LPA | Rs 34.36 LPA |
| IIM Bangalore | Rs.28.98 LPA | Rs. 33.82 LPA | Rs. 35.31 LPA |
| IIM Calcutta | Rs. 29.00 LPA | Rs. 34.20 LPA | Rs. 35.07 LPA |
| IIM Kozhikode | Rs. 22.53 LPA | Rs. 29.50 LPA | Rs. 31.02 LPA |
| IIM Lucknow | Rs. 26.00 LPA | Rs. 31.03 LPA | Rs. 32.20 LPA |
| IIM Indore | Rs.23.60 LPA | Rs. 25.01 LPA | Rs. 30.21 LPA |
| IIM Shillong | Rs.19.17 LPA | Rs. 23.10 LPA | Rs. 26.96 LPA |
| IIM Raipur | Rs. 15.11 LPA | Rs. 17.73 LPA | Rs. 21.04 LPA |
| IIM Tiruchirappalli | Rs. 14.85 LPA | Rs. 17.00 LPA | Rs. 20.55 LPA |
| IIM Udaipur | Rs. 13.42 LPA | Rs. 17.80 LPA | Rs. 20.32 LPA |
| IIM Rohtak | Rs. 13.74 LPA | Rs. 16.06 LPA | Rs. 18.73 LPA |
| IIM Kashipur | Rs. 14.05 LPA | Rs. 15.21 LPA | Rs. 18.11 LPA |
| IIM Ranchi | Rs. 14.69 LPA | Rs. 16.17 LPA | Rs. 17.30 LPA |
| IIM Nagpur | Rs. 13.21 LPA | Rs. 14.94 LPA | Rs. 16.74 LPA |
| IIM Amritsar | Rs. 12.68 LPA | Rs. 14.63 LPA | Rs. 16.51 LPA |
| IIM Sambalpur | Rs. 11.21 LPA | Rs. 12.64 LPA | Rs. 16.64 LPA |
| IIM Jammu | Rs. 10.34 LPA | Rs. 13.53 LPA | Rs. 16.43 LPA |
| IIM Bodh Gaya | Rs. 9.92 LPA | Rs.12.36 LPA | Rs. 16.00 LPA |
| IIM Visakhapatnam | Rs. 12.62 LPA | Rs.14.60 LPA | Rs. 15.47 LPA |
| IIM Sirmaur | Rs. 9.60 LPA | Rs.12.74 LPA | Rs.14.45 LPA |
TOP B SCHOOLS PLACEMENT
| Top MBA College by Average Salary | MBA Average Salary 2021 | MBA Average Salary 2022 | MBA Average Salary 2023 |
|---|---|---|---|
| ISB Hyderabad | Rs. 28.21 LPA | Rs. 34.08 LPA | Rs. 34.21 LPA |
| MDI Gurgaon | Rs.23.15 LPA | Rs. 26.65 LPA | Rs. 27.67 LPA |
| SPJIMR Mumbai | Rs. 26.06 LPA | Rs. 32.05 LPA | Rs. 33.02 LPA |
| XLRI Jamshedpur | Rs.25.08 LPA | Rs.30.07 LPA | Rs. 32.70 LPA |
| IIFT Delhi | Rs.21.08 LPA | Rs. 25.16 LPA | Rs. 29.10 LPA |
| SJMSoM IIT Bombay | Rs.21.96 LPA | Rs. 25.93 LPA | Rs. 28.88 LPA |
| JBIMS Mumbai | Rs.23.16 LPA | Rs. 27.63 LPA | Rs. 28.02 LPA |
| TISS Mumbai | Rs.19.62 LPA | Rs. 23.97 LPA | Rs. 27.22 LPA |
| SIBM Pune | Rs.19.56 LPA | Rs.23.06 LPA | Rs. 26.77 LPA |
| NMIMS Mumbai | Rs.18.45 LPA | Rs. 23.07 LPA | Rs. 26.63 LPA |
| DMS IIT Delhi | Rs.18.50 LPA | Rs. 21.90 LPA | Rs. 25.82 LPA |
| Masters’ Union Gurugram | Rs 29.12 lakhs | Rs 33.1 lakhs | Rs 34.07 LPA |
| BITSoM Mumbai | — | — | Rs. 23.85 LPA |
| SCMHRD Pune | Rs. 16.50 LPA | Rs. 20.40 LPA | Rs. 23.83 LPA |
| DoMS-IIT Madras | Rs. 12.78 LPA | Rs. 16.66 LPA | Rs. 20.19 LPA |
| XIM Bhubaneswar | Rs. 15.15 LPA | Rs. 17.54 LPA | Rs. 20.03 LPA |
| MICA Ahmedabad | Rs. 14.01 LPA | Rs. 19.01 LPA | Rs. 20.09 LPA |
| IMT Ghaziabad | Rs. 12.42 LPA | Rs. 15.28 LPA | Rs. 17.35 LPA |
| IMI New Delhi | Rs. 12.77 LPA | Rs. 15.23 LPA | Rs. 17.01 LPA |
| TAPMI Manipal | Rs. 11.10 LPA | Rs.12.60 LPA | Rs. 14.60 LPA |
| IRMA Anand | Rs. 10.76 LPA | Rs.14.33 LPA | Rs. 15.50 LPA |
| Great Lakes Chennai | Rs. 11.00 LPA | Rs.12.50 LPA | Rs. 14.50 LPA |
| GIM Goa | Rs. 10.71 LPA | Rs.12.14 LPA | Rs. 14.87 LPA |
| LBSIM New Delhi | Rs. 9.67 LPA | Rs.11.30 LPA | Rs. 12.42 LPA |
| K J Somaiya Institute of Management, Mumbai | Rs. 9.41 LPA | Rs.10.67 LPA | Rs. 12.23 LPA |
| SDA Bocconi Asia Center, Mumbai | Rs. 11.40 LPA | Rs.13.74 LPA | Rs. 14.30 LPA |
| FORE New Delhi | Rs. 10.70 LPA | Rs.14.04 LPA | Rs. 14.50 LPA |
