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IIM Placements 2020: Check the Highest & Average Packages Offered

Being a brand name that attracts some of the largest and well-reputed companies from various domains for recruitment, IIMs are known for their stellar placement record that keeps improving year after year. Check the details of IIM Placements 2020 here.

IIM Placements 2020

The Indian Institutes of Management (IIMs) are the most reputable b-schools that offer an excellent range of courses along with bright placementopportunities post the completion of these management programmes. Being some of the top b-schools in India has elevated the IIMs to the zenith of the business world and also in the eyes of some of the most popular companies that hire managers in India.

The placements of IIMs are usually conducted between December and February every year. Top companies from various domains visit the IIM campus placements and recruit IIM students for leadership roles in their organization. The average salary packages offered in the placements of older and well-established IIMs usually fall in the range of Rs. 20 to Rs. 26 lakhs per annum. The average salary packages of newer IIMs are seen to fall between Rs. 10 - 18 LPA. However, there has been a considerable increase in the highest salary package offered in new IIMs as compared to last year. The average salary package has increased but there has not been a major deviation from last year in any of the IIMs.

IIM Placements 2020 - Highest & Average Salary Packages

Each IIM releases a Final Placement Report at the end of the placement season each year. The placement report contains details regarding the salary packages and various other statistics regarding the placement of the institute. It is a good indicator of how favourable an IIM is in the eyes of the recruiters and is very helpful for a student in deciding the ROI for their course. Check the highest and average salary packages offered in IIM Placements 2020 in the table given below.

IIM

Highest Domestic Package

Average Domestic

Highest International Package

Detailed Report

IIM Ahmedabad (IIM A)

Rs. 55.88 LPA

Rs. 26.13 LPA

Rs. 132 LPA

IIM A detailed placement report

IIM Bangalore (IIM B)

--

Rs. 26.18 LPA

--

IIM B detailed placement report

IIM Calcutta (IIM C)

Rs. 80 LPA

Rs. 28 LPA

--

IIM C detailed placement report

IIM Lucknow (IIM L)

Rs. 54 LPA

Rs. 23 LPA

--

IIM L detailed placement report

IIM Indore (IIM I)

Rs. 50 LPA

Rs. 22.92 LPA

Rs. 89.25 LPA

IIM Indore detailed placement report

IIM Nagpur

Rs. 40 LPA

Rs. 13.13 LPA

--

IIM Nagpur detailed placement report

IIM Udaipur

Rs. 40 LPA

Rs. 13.84 LPA

Rs. 33 LPA

IIM Udaipur detailed placement report

IIM Trichy

Rs. 25 LPA

Rs. 14,96 LPA

--

IIM Trichy detailed placement report

IIM Kashipur

Rs. 45 LPA

Rs. 13.82 LPA

Rs. 48.50 LPA

IIM Kashipur detailed placement report

IIM Kozhikode

Rs. 58 LPA

Rs. 20.80 LPA

--

IIM Kozhikode detailed placement report

IIM Bodh Gaya (IIM BG)

Rs. 20 LPA

Rs. 11.20 LPA

--

IIM Bodh Gaya detailed placement report

IIM Rohtak

Rs. 24 LPA

Rs. 13.70 LPA

--

IIM Rohtak detailed placement report

IIM Ranchi

MBA: Rs. 26 LPA
MBA HR: Rs. 22.37 LPA

MBA: Rs. 15.11 LPA
MBA HR: Rs. 14.55 LPA

Rs. 59.36

IIM Ranchi detailed placement report

IIM Sirmaur

Rs. 26 LPA

Rs. 11.28 LPA

--

IIM Sirmaur detailed placement report

IIM Amritsar

Rs. 40 LPA

Rs. 12.61 LPA

--

IIM Amritsar detailed placement report

IIM Shillong

Rs. 48.50 LPA

Rs. 18.79 LPA

--

IIM Shillong detailed placement report

IIM Raipur

Rs. 28.12 LPA

Rs. 15.20 LPA

Rs. 46 LPA

IIM Raipur detailed placement report

IIM Jammu

Rs. 20 LPA

Rs. 11.2 LPA

--

IIM Jammu detailed placement report

IIM Sambalpur

Rs. 18.92 LPA

Rs. 11.61 LPA

--

IIM Sambalpur detailed placement report

IIM Vishakhapatnam (IIM Vizag)

Rs. 27 LPA

Rs. 13.08 LPA

--

IIM Vizag detailed placement report

Also Read:MBA Colleges in India that Offer the Best Placements

IIM Placement Process 2020

The IIM placement process is divided into three main categories- Summer Placements, Lateral Placements, and Final Placements.

PlacementsTimelineParticipation
IIM Summer PlacementsOctober- November
  • First year students can participate in summer placements.
IIM Lateral PlacementsJanuary- February
  • Students who have prior work/professional experience can participate in lateral placements.
IIM Final PlacementsFebruary- March
  • All graduating students can participate in the final placements.

If you are looking forward to pursuing an MBA after completing your graduation, IIMs are certainly a group of institutes that you should be targeting in order to ensure good placement opportunities. IIMs selection criteria differ according to the intake, rank of the institute and the programmes offered, however, CAT is mandatory for admission to all IIMs.

FAQs

Do students get good international offers in IIM Placements?

Yes, various IIM students get international job offers with good salary packages in the campus placements of IIMs. In the 2020 placements, the highest international offer was at IIMA was Rs. 1.32 crore per annum followed by an offer at IIM Indore for Rs. 89.25 LPA.

What are the summer placements at IIMs?

Summer Placements at IIMs are basically paid internship opportunities provided to the first-year students of the PGP/ MBA course of IIMs. Students are recruited for internships by some of the top companies in domains such as E-Commerce, FMCG, Consulting etc.

Do the new IIMs have a good placement record?

Yes. While the placement record of new IIMs is not as impressive that that of the older ones, they still have a good record of placements with the average salary package ranging between Rs. 10 to Rs. 18 LPA.

What is the average salary package offered in IIM Placements?

The average salary package offered in IIM Placements is different from each college. In the 2020 placements, the average salary offered at IIMs ranged from around Rs. 10.50 LPA to Rs. 28 LPA.

Do IIMs offer good placements to their students?

Yes, IIMs have a reputation for having an excellent placement record. A large number of domestic and international companies recruit IIM students.

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