IIM Placements 2024: Institute-wise Highest Package Offered, Median and Average Salary Details

Shivangi Ahirwar

Updated On: September 09, 2024 11:37 am IST

IIM placements 2024 were conducted between December 2023 and February 2024. So far, IIM-A, IIM-C, IIM-L, and IIM-I have released their final placement reports. The highest package offered by old IIMs is INR 60 LPA to INR 1.46 CPA, whereas the new IIMs offered the highest package of INR 30 LPA to INR 70 LPA.
IIM Placements 2024

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

IIM Ahmedabad

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

IIM Bangalore

Completed

INR 35.92 LPA

1.7 % Rise

To Be Announced

IIM Kozhikode

Completed

INR 28.05 LPA

9.6 % Drop

To Be Announced

IIM Calcutta

Completed

INR 35.07 LPA

No Change

To Be Announced

IIM Lucknow

Completed

INR 30.00 LPA

6.8% Drop

To Be Announced

IIM Mumbai

Completed

INR 31.00 LPA

11.7% Rise

INR 54 LPA

IIM Indore

Completed

INR 25.68 LPA

15% Drop

INR 1 CPA

IIM Raipur

Completed

INR 19.7 LPA

6% Drop

To Be Announced

IIM Rohtak

Completed

INR 19.27 LPA

3% Rise

To Be Announced

IIM Udaipur

Not Completed

NA

NA

NA

IIM Kashipur

Not Completed

NA

NA

NA

IIM Trichy

Completed

INR 19.43 LPA

5% Drop

To Be Announced

IIM Ranchi

Completed

INR 18.69 LPA

8% Rise

To Be Announced

IIM Shillong

Completed

INR 26.1 LPA

3% Drop

To Be Announced

IIM Vishakhapatnam

Completed

INR 15.61 LPA

- 6 % Drop

To Be Announced

IIM Jammu

Completed

INR 15.48 LPA

- 6% Drop

To Be Announced

IIM Amritsar

Not Announced

NA

NA

NA

IIM Bodh Gaya

Completed

INR 13.9 LPA

-13% Drop

To Be Announced

IIM Sambalpur

Completed

INR 14.21 LPA

-14% Drop

To Be Announced

IIM Nagpur

Completed

INR 16.29 LPA

-2.69% Drop

To Be Announced

IIM Sirmaur

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

Google

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.

Related Links:

IIM Fees for MBA 2024-25

Part-Time Courses at IIMs for Working Professionals

Total Seats in IIMs

MBA Scholarships Offered by IIMs

CAT 2024 Score Weightage in IIMs

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FAQs

When were the IIM placements 2024 conducted?

The IIM placements 2024 took place between December 2023 and February 2024. During this period, companies from diverse sectors visited the campuses of participating IIMs to engage in recruitment drives, offering positions to graduating students across a wide range of roles and functions.

Which IIM has the best placements?

IIM Ahmedabad, IIM Bangalore, IIM Calcutta, IIM Indore, IIM Kozhikode, and IIM Lucknow have the best placements. These institutions are highly regarded for their rigorous academic programs and extensive networks with top global firms, ensuring their graduates are among the most sought-after by employers.

What is the highest package offered during IIM placements 2024?

The highest package offered by IIM Mumbai and IIM Indore during 2024 placements was INR 54 LPA and INR 1 CPA, respectively. The detailed placement reports of all IIMs are still not out. Last year, the highest package offered by IIM Bangalore and IIM Calcutta was INR 1.15 CPA. IIM Indore offered the highest package of INR 1.14 CPA.

Who were the top recruiters in IIM Ahmedabad 2024 placement drive?

During the IIM Ahmedabad 2024 placement drive, Accenture emerged as the top recruiter, offering 26 positions, followed closely by the Boston Consulting Group, with 23 offers. This marks a noticeable shift from the previous year, indicating changing industry preferences.

What was the median average package for IIM Bangalore placements 2024?

The median average package for placements at IIM Bangalore in 2024 was INR 32.5 LPA, which was slightly lower than the INR 33 lakhs earned by graduates in the previous year, showcasing a competitive yet slightly fluctuating compensation landscape.

How has IIM Indore’s placement salary changed from 2023 to 2024?

IIM Indore witnessed a decrease in placement salaries from INR 27.2 LPA in 2023 to INR 24.5 LPA in 2024, reflecting the broader economic challenges and their impact on hiring and compensation trends within top management institutes.

What trends were observed in IIM Lucknow's 2024 placement drive?

IIM Lucknow saw a decrease in the median CTC from an unspecified amount in 2023 to another unspecified amount in 2024. Despite this, over 250 recruiters participated in the drive, indicating strong employer interest in their graduates.

What is the placement process at IIMs?

The placement process at IIMs consists of three main activities: Summer, Lateral, and Final Placements. Summer placements take place between October and November for first-year students. Lateral placements occur in January and February for students with previous work experience. The Final placements are conducted in February and March for all graduating students.

What are the top companies participating in IIM placements?

The top companies participating in IIM placements are Accenture, Axis Bank, HSBC, Deloitte, IBM, KPMG, PWC, EY, Google, 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, and P&G.

Did the global economic downturn affect the IIM placements 2024?

The global economic downturn in 2024 had an impact on IIM placements, especially in consulting, technology, and IT sectors. As a result, there was a decrease in the salary packages compared to the previous year, which reflected the challenging macroeconomic conditions.

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