IIM Mumbai Placements 2023 - Highest Package, Average Salary, Recruiter List

LocationMumbai (Maharashtra)
Updated on - Feb 02, 2024 20:44PM IST

IIM Mumbai Placements Overview

IIM Mumbai placement report 2023 is out. In 2023, a total of 161 companies participated in the final IIM Mumbai placements to select students with diverse backgrounds and skill sets. The participating companies come from diverse industries like e-commerce, consulting, manufacturing, logistics, luxury goods, hospitality, pharmaceuticals, IT, BFSI, Automobile etc. IIM Mumbai highest package 2023 stood at Rs 78.20 LPA, whereas the average was Rs 25.27 LPA.

IIM Mumbai has a background of five decades of excellent performance and has emerged as one of India’s Ivy league B-schools. It has been acknowledged as a ‘Centre of Excellence’ by the Ministry of Education (MoE). IIM Mumbai is now in line with institutes like IITs and IIMs and has been declared 'Institute of National Importance'.

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IIM Mumbai Placements 2023: Latest Notifications

  • IIM Mumbai highest package 2023 is Rs 78.20 LPA. 
  • IIM Mumbai average package 2023 is Rs 25.27 LPA.
  • A total of 161 companies participated, and 129 offers were accepted at IIM Mumbai placements 2023. 
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IIM Mumbai Placements 2023

The IIM Mumbai Placements 2023 saw a strong performance by the students, with the average package crossing Rs 25 lakh per annum. The interviews were conducted by the company's HR team and the hiring managers. 

IIM Mumbai Placements 2023 Report

Highest packageRs 78.20 LPA
Number of offers accepted129
Number of recruiters161
Average packageRs 25.27 LPA
No. of new companies46
Top recruiting sectorConsulting, FMCG, Retail & E-Commerce
Top recruitersApple, Accenture Strategy, Zepto, and Wipro
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IIM Mumbai Placements 2022

IIM Mumbai placement season 2022 witnessed 100% placement in which 468 students got placed, across 107 companies. IIM Mumbai highest package 2022 stood at Rs 49 LPA, whereas the average package 2022 was Rs 25.4 LPA. The number of new recruiters who participated in 2022 were 23. Candidate may look below for IIM Mumbai  placement report 2022. 

IIM Mumbai Placement Statistics 2022

Highest packageRs 49 LPA
Number of offers accepted468
Number of recruiters107
Average packageRs 25.4 LPA
Median PackageRs 22 LPA
Placement rate100%
Top recruitersColgate-Palmolive, Asian Paints, Britannia, Dabur, and Godrej Consumer Products Limited
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IIM Mumbai Summer Internship Placements 2022

A total of 123 companies participated in the Indian Institute of Management Mumbai summer internship placements in 2022. The highest stipend offered was Rs 3.2 lakh (for 2 months) with the average stipend of the top 10% of the batch at 2.96 lakh (for 2 months) and the top 20% of the batch at Rs 2.87 lakh (for 2 months). The IIM Mumbai average package for the whole batch stood at Rs 1.5 lakh for 2 months with 38% of the batch of 2022 receiving offers of more than Rs 2 lakh (for 2 months).

IIM Mumbai Summer Internship Placements Companies List

Mahindra LogisticsHoney WellPurplleSupr DailyUnacademyYour Story Media
Adva RiskCompass GroupApollo TyresAsian PaintsAbottBaxter Pharmaceuticals
AmazonBig BasketBain & coDelloiteAxis bankICICI Bank
Yes bankAIG General InsuranceMcKinsey DigitalDaburDelmonteHPCL
VedantaTATA SkyPepper FryGrofers
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IIM Mumbai Previous Years Placements Trends

ParametersPlacement Statistics 2023Placement Statistics 2022
Number of Recruiters161107
Number of Offers Accepted129468
Highest PackageRs 78.20 LPARs 49 LPA
Average PackageRs 25.27 LPARs 25.4 LPA
Major CohortConsulting, FMCG, Retail & E-CommerceBFSI, Consulting, FMCG, Manufacturing
Top RecruitersAccenture, Apple, Zepto, and WiproColgate-Palmolive, Asian Paints, Britannia, Dabur, and Godrej Consumer Products Limited
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IIM Mumbai Highest Package Trend

The highest package offered to an IIM Mumbai student has steadily increased in recent years. In 2021, the highest package was Rs 44 lakh per annum, which increased to Rs 49 lakh per annum in 2022. In 2023, the highest package is Rs. 78.2 lakh per annum. Below is the IIM Mumbai highest salary placement report for the previous years.

IIM Mumbai Placement Trends: Highest Package Offered

OverallRs 78.20 LPARs 49 LPARs 44 LPA
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IIM Mumbai Average Package Trend

The IIM Mumbai average package trend is also a reflection of the quality of education at IIM Mumbai. There is a rise and fluctuation in the IIM Mumbai average package 2023 compared to the IIM Mumbai average package 2022 and 20211. Below is the table representing data for the academic year 2023 and 2022:

IIM Mumbai Placement Trends: Average Package Offered

OverallRs 25.27 LPARs 25.4 LPARs 19.5 LPA
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IIM Mumbai Company Wise Placements 2023

The students were shortlisted based on their academic performance and extracurricular activities. The IIM Mumbai placements succeeded, with all the students placed in good companies. IIM Mumbai has a strong industry connection across various sectors. IIM Mumbai placement 2023 witnessed a diverse participation of top companies offering excellent packages to graduating students.

IIM Mumbai Packages Offered: Company-Wise

CompanyNumber of Students PlacedCTC Offered
Accenture Strategy12Rs 35 LPA- Rs 45 LPA
Acuvon Consulting2Rs 17 LPA
Deloitte India9Rs 23 -Rs 31 LPA
Deloitte USI14Rs 23 LPA - Rs 31 LPA
EY6Rs 21 LPA - Rs 23 LPA
Genpact2Rs 19 LPA - Rs 24 LPA
Kearney3Rs 22 LPA - Rs 24 LPA
KPMG4Rs 25 LPA - Rs 30 LPA
McKinsey4Rs 20 LPA
PwC India15Rs 20 LPA -Rs 25 LPA
ZS Associates1Rs 20 LPA
Infosys Consulting3Rs 18 LPA - Rs 24 LPA
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IIM Mumbai Top Recruiters 2023

YES BankDeloitteAmazonAirtel
InfosysIBMTata MotorsKPMG
TitanUberTata PlayWipro
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IIM Mumbai Summer Internship Placements 2023 Report

Every year IIM conducts summer placement internship for two months. The IIM Mumbai Summer Internship Placements 2023 saw a total of 494 students placed across 128 companies. The IIM Mumbai summer placement highest stipend offered was Rs 3.5 lakh for a two-month internship, while the average stipend was Rs 1.85. The batch strength was 494. The IIM Mumbai placement report 2023 is shown below: 

IIM Mumbai SIP Report 2023

ParticularsInternship Statistics 2023
Highest stipend Rs 3.5 LPA
Average stipend Rs 1.85 LPA
Students placed494
Total companies participated128
First-time recruiters21
Placement rate100%
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IIM Mumbai Summer Internship Placements 2023 Sector - Wise

SectorPercentage of Students
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IIM Mumbai Placement Highlights 2021

Highest PackageRs 44 lakhs per annum
Average PackageRs 19.5 lakhs per annum
Top RecruitersAxis Bank, Deloitte, Dabur, Johnson and Johnson, Cisco, Asian Paints, Mahindra Logistics, Abbott, Amazon and others
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IIM Mumbai Top Recruiters 2022

Axis BankAmazonCiplaCiscoBergerBAIN and Company
DelhiveryDr Reddy’sL&TPWCPidiliteThermo fisher
Sun PharmaMyntraTATA AIGJ&JCloudtail
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Top Recruiters in IIM Mumbai Placement 2021

EdelweissKotak Mahindra BankFlextronicsCognizant
Bain & coPWCDaburDel mont
Birla softCiscoGEMind Tree
TCSAsian paintsXiaomiBMW
AbbottSun PharmaceuticalsFlipkartGrofers
Snap dealICICI BankReckittNestle
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Indian Institute of Management Mumbai Alumni Network for Job Placements

Company% of Alumni working
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Top Courses at Indian Institute of Management Mumbai (NITIE)

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Related Questions


Priya Haldar, Student / Alumni

-Answered on Sept-18-2023

Dear Tushar Agrawal,

IIM Mumbai is one of the prestigious institution offering MBA. IIM Mumbai MBA fee is Rs 11,00,000- Rs 14,000,00 per annum. The fees may vary depending upon the programme type. The institute has a strong track record of placing its students in top companies across a variety of industries.IIM Mumbai highest package 2023 was at Rs 78.20 LPA, whereas the average package stood at Rs 25.27 LPA. More than 150 companies participated, and 129 offers were made at IIM Mumbai placements 2023. IIM Mumbai top recruiters are Accenture, Apple, Zepto, and Wipro.


Baljinder Dhaliwal, Student / Alumni

-Answered on Mar-29-2023
Dear aspirant Lovely Professional University (LPU) is a premier academic institution with world-class infrastructure and an outstanding placement record. LPU's Mittal School of Business is among the first 10 institutions in India to get ACBSP (USA) accreditation. LPU has got 47th National Institutional Ranking Framework (NIRF) Rankings 2022 among all govt and private universities in India. For admission to MBA at LPU, one should have at least a 55% score in graduation subject to qualifying LPUNEST or CAT or MAT or XAT or NMAT or CMAT. After qualifying for LPUNEST the applicant has to appear for an interview and qualify it. The candidate can get an exemption from LPUNEST if he/she has scored 80 Percentile or above in CAT or MAT or XAT or All India Rank up to 20000 in CMAT or 230 and above score in NMAT. LPU also provides scholarships on the basis of LPUNEST/ CAT/ MAT/ XAT/ NMAT/ CMAT score. LPU puts its best efforts into grooming the students to get good placements. The curriculum incorporates specific courses under the notion of Professional Enhancement Programmes (PEP) in which the students are prepared to crack the placement processes. PEP classes start right away from the first semester itself in form of Communication Skills and continue till the final semester. Exhaustive preparatory sessions are conducted before the placement drives of leading brands and major recruiters so that more students can secure good placement offers at dream packages. In 2022 96% of the MBA students of LPU have been placed with a maximum package of 18 lakh per annum and an average salary of 6.2 LPA. LPU alumni are placed with all these leading firms like Federal Bank, Trident Group, Colgate Palmolive, Phonepe, Marico Ltd., Ernst and Young, Accenture, Flipkart, Wipro, Hindustan Unilever, Godrej Consumer, McKinley & Rice, ITC Limited, Bajaj Allianz, MRF, Naukri, Rallis India, Ceat, Luminous Power Technologies, Voltas Beko, Unominda Group, Zoho, Kelloggs, Apollo Munich Health Insurance, Cavin Care, Moodys Analytics, WNS Global, Ocwen Financial, Redington, Transport Corporation of India, Crescendo Group, Outlook Group, Planet Spark, Hono HR, Lazzaro HR Solutions, Trell, etc. good luck

IIM Mumbai QnA

Which companies were major recruiters at NITIE, Mumbai?

Amongst the companies that recruited from NITIE, Mumbai, some of the prominent recruiters were Asian Paints, Britannia, Colgate Palmolive India Ltd., Dabur India Ltd., Deloitte ISBM, etc.
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