IIM Placements 2023

IIM Placements 2023

Discover valuable insights about IIM Placements in 2023. Stay informed about campus placements at IIM for the year 2023.


Nearly 5,000 students graduated from MBA/PGDM programmes at 10 IIMs in India. The highest salary offered was 58 lakh rupees, according to official IIM 2023 placement data. When it comes to elite management schools in India, few B-schools can compete with the placement efforts of IIMs. Clearly, this is one of the most reasonable expectations for IIM placements in 2023 that a student could have.

IIM Placements 2023

The average salary offered by top IIMs to candidates ranges between Rs 20-25 lakhs per year, whereas the average salary offered by newer IIMs falls between Rs 10-20 lakhs per year. There have been reports of IIMs A, B, and C offering salaries ranging from Rs 70 lakh to INR 1 crore. International compensation packages typically exceed Rs 60 lakhs.

It has been observed that each year IIMs promise 100% IIM MBA placement to their students, and that placement cells of IIMs typically keep their word by securing 100% campus placement. Due to the COVID-19 pandemic, the IIM final placement process for the 2023 class was also conducted online, as it was in 2021 and 2022. Despite the pandemic and sluggish economy, the final job openings were conducted with vigour and received a tremendous response from recruiters. The economic recession had little impact on IIM placements for 2023.

In the annual IIM placement drive, top companies, whether domestic or international, such as E&Y, Deloitte, Walmart, Accenture, JP Morgan Chase, Barclays, etc., visit to recruit young and fresh talent for a variety of job profiles in accordance with their firm's needs. This article will elaborate on the IIM placement procedure and key placement statistics for IIM 2023.

IIM MBA Admission Placement 2023

The process by which a management student can secure a good IIM MBA placement at their respective IIMs is outlined below.

  • Students are required to take the Common Admissions Test (CAT) before they can be recruited.
  • Then, based on their CAT percentile, they must apply to IIMs that fall within their CAT cut-off range or on their preferred list of IIMs.
  • After completing two academic years of the MBA/PGP programme, students are eligible to participate in the IIM placement drive, and it is only then that they can select the desired field.
  • IIM Placement Process

    Summer, lateral, and final placements are the three primary components of the placement process at IIMs.

    Summer PlacementsOctober/ NovemberFirst-year students
    Lateral PlacementsJanuary/ FebruaryStudents having prior work experience
    Final Placements February/ MarchAll graduating students

    Summer Placements

    In April and May, companies organise summer placements to recruit students for internships. Summer placements facilitate the acquisition of pre-placement offers (PPOs). The IIM summer placements occur over the course of four to five days in March.Students and recruiters are governed by comprehensive regulations.

    Lateral Placements

    The IIMs lateral placements occur a few months prior to the IIM final placements and are open to 2-year MBA/PGP students with at least 18 months of work experience.

    Final Placements

    The IIM final placement procedure, which occurs in December/January, is nearly identical across all IIMs, with a few minor exceptions. For instance, IIMA uses a cohort-based system as opposed to a day-based system. A cohort-based system permits recruiters to be evaluated over a longer period of time in groups based on domain or expertise.

    IIM Ahmedabad Placement 2023

    According to IIM Ahmedabad's final placement report from the previous year, the highest domestic package was RS 61.49 LPA and the highest international package was US $140,599 for the batch of 2022. The average domestic package was RS 32.8 LPA and the average international package was $ 108,405.

    IIM Ahmedabad Placement Highlights 2023

    BatchPGP 2023
    Number of Recruiters188
    Highest package of IIM AhmedabadRs 61.49 LPA
    Average domestic salary offeredRs 32.8 LPA
    Number of Offers280
    Number of International Offers8
    Major CohortConsulting
    Top RecruiterMckinsey & Co.

    IIM Ahmedabad Placement Highlights 2022

    IIM Ahmedabad highest packageRs 55.88 LPA
    IIM Ahmedabad average packageRs 26.13 LPA
    Highest international package offeredRs 1.32 CPA
    Average international package offeredRs 61.76 LPA
    Number of participating institutes153
    Top recruiting sectorConsulting
    Top recruiting companies
  • McKinsey
  • MasterCard
  • The Boston Consulting Group
  • Average work experience49% (3 years)

    IIM Calcutta Placements 2023

    The Indian Institute of Management (IIM) Calcutta reported 100 percent placement for its 58th batch, according to its placement report from the previous year. 190 recruiters participated in the IIM Kolkata placement process, which resulted in 570 offer letters.

    Placement Highlights 2023 vs 2022
    ParticularsMMS Placement Statistics (2022)MMS Placement Statistics(2023)
    Batch size465465
    Offers made631573
    Placement rate100%100%
    Companies visited190+190
    New recruitersNA39
    Highest international packageNARs 94.82 LPA
    Highest domestic packageNARs 1.15 crore per annum
    Average packageRs 34.20 LPARs 35.07 LPA
    Median packageRs 31.00 LPARs 33.67 LPA

    IIM Bangalore Placements 2023

    The average and median packages offered during PGP and PGPBA placements at IIM Bangalore in 2023 were Rs 35.31 LPA and Rs 33.00 LPA, respectively. During the IIM Bangalore PGP and PGP BA placements of 2023, a total of 606 offers were extended. IIM Bangalore's placement process resulted in 14 international job offers.

    Final Placements Statistics
    BatchPlacement Statistics (2021-23)Placement Statistics (2020-22)
    Number of Companies Participated164137+
    Students Opted Out-12
    Number of Offers606662
    Number of PPOs Offered291273
    Number of PPOs Accepted209181
    Lateral Offers Made94180
    Number of Lateral Offers Accepted82127
    Placement Offers in the Final Week221209
    International Offers146
    IIM Bangalore Average PackageRs 35.31 LPARs 33.8 LPA
    Median SalaryRs 33 LPARs 31.2 LPA
    Major SectorManagement ConsultingManagement Consulting
    Top RecruitersBCG, Bain & Company, Accenture StrategyAccenture Strategy, Amazon, Microsoft

    IIM Indore Placements 2023

    The IIM Indore placement 2023 report has shown 100% placements for its PGP and IPM batch consisting of 568 students for 2021-23. IIM Indore has completed 100% final placements for the IPM and MBA batches of 2023, with the highest salary increasing by 132% to Rs. 1.14 Cr per annum, and the average salary increasing by 21% to Rs.30.21 LPA. 160 prominent recruiters from a variety of industries offered diverse positions to 568 students of the 2-year PGP and 5-year IPM. With 29% of available positions, consulting has emerged as the most popular recruiting field.

    Placements Statistics
    Highest CTC (Domestic)Rs 1.14 Cr PARs 49.00 LPARs 50 LPA
    Median CTCRs 27.2 LPARs 24.09 LPARs 22 LPA
    Average CTCRs 30.21 LPARs 25.01 LPARs 22.92 LPA
    Average CTC of top 100 studentsRs 52.06 LPARs 32.75 LPARs 32.90 LPA
    Offers bagged in top-placed sector29% (Consulting)31% (Consulting)23% (Finance)
    Companies visited160180160+
    Top recruiters
  • Amazon
  • BCG
  • Cipla
  • Accenture Strategy
  • Acuvon Consulting
  • Avalon Consulting
  • Bain & Company
  • Boston Consulting Group
  • Deloitte, Everest Group
  • Bain & Company
  • HSBC
  • Amazon
  • Dabur
  • Google
  • IIM Kozhikode Placements 2023

    The study found that the highest salary offered was Rs 67,02 LPA. The average and median salaries for PGP placements in 2023 were Rs 31.02 LPA and Rs 27 LPA, respectively. During placements 2023, a total of 123 recruiters participated, including 36 new recruiters. The renowned recruiters made over 500 job offers. With 33% of all job offers, the consulting industry dominated recruitment. Accenture, Deloitte, Tech Mahindra, Amazon, as well as other notable recruiters, participated in the IIM Kozhikode placements 2023.

    Placement Highlights 2023

    ParticularsStatistics (2023)
    Highest packageRs 67.02 LPA
    Average packageRs 31.02 LPA
    Top 5% average packageRs 62.04 LPA
    Top 10% average packageRs 55.2 LPA
    Median packageRs 27 LPA
    Overall recruiters participated123
    New recruiters36
    Offers made500+
    Popular recruitersAccenture, Deloitte, Tech Mahindra

    Placement Highlights 2022

    ParticularsStatistics (2022)
    Highest packageRs. 61.5 LPA
    Median CTCRs. 26.5 LPA
    Mean CTCRs. 29.5 LPA
    Mean CTC of Female CandidatesRs. 30.7 LPA
    Highest recruitment domainConsulting (41%)
  • Average CTC - 30.70 LPA
  • Highest CTC - 44.87 LPA
  • Prominent recruiters
  • Abbott
  • Axis Bank
  • Accenture
  • EY
  • Ola
  • Amazon
  • IIM Sambalpur Placements 2023

    The highest salary offered during the MBA placements at IIM Sambalpur in 2023 was RS 66.41 LPA for domestic candidates and RS 64.15 LPA for international candidates. In addition, the average salary for MBA placements at IIM Sambalpur in 2023 was Rs 16,63 LPA. The domestic maximum package obtained in 2023 increased by over 147% compared to 2022. The average MBA salary in Samabalpur increased by over 26% between 2022 and 2023. Compared to 2022, the median package offered in 2023 increased by over 29%.

    Placement Highlights 2023 vs 2022

    ParticularsPlacement Statistics (2022)Placement Statistics (2023)
    Total students156167
    No. of recruiters130130
    Placement rate606662
    Number of PPOs OfferedNA100%
    Highest package obtainedRs 26.19 LPA

    Rs 64.61 LPA (Domestic)

    Rs 64.15 LPA (International)

    Average packageRs 13.20 LPARs 16.63 LPA
    Median packageRs 12.42 LPARs 16.00 LPA
    Top recruiting domainIT / Systems (41.2% placement rate)Sales & Marketing (27% placements)
    Top recruiting sectorBFSI / NBFC (19.6% placement rate)BFSI (30% placement rate)

    IIM Lucknow Placements 2023

    The final placement for the PGP class has been successfully completed by IIM Lucknow. With 632 offers, the Institute achieved a 100% placement rate. IIM Lucknow's placement process included 71.3% male candidates and 28.7% female candidates. The highest monthly CTC offered was Rs 1 crore.

    IIM Lucknow Final Placement Key Stats

    ParticularsPlacement Statistics (2021-23)Placement Statistics (2020-22)
    Number of Recruiters200+150+
    Number of Offers632534
    Number of Students556491
    Highest Package (International)Rs 65 LPARs 61.59 LPA
    Highest Package (Domestic)Rs 1 CPARs 58 LPA
    Average packageRs 32.23 LPARs 31.03 LPA
    Median packageRs 30 LPARs 29 LPA
    Top 10% Average SalaryRs 49.3 LPARs 51.21 LPA
    Top 25% Average SalaryRs 44.3 LPA -
    Top 50% Average SalaryRs 40.5 LPARs 38.20 LPA
    Top RecruitersBCG, Deloitte, Amazon, Jio, Capgemini, KPMG, Barclays, Accenture,


    Nestle, IBM, Puma, Adobe,

    Flipkart,Bain & Co.,


    IIM Ranchi Placement Report 2023

    The highest domestic and international salaries during the IIM Ranchi MBA placements 2023 were Rs 67 LPA and Rs 35.50 LPA, respectively. Moreover, the average CTC for IIM Ranchi placements in 2023 was Rs 17.30 LPA. During the IIM Ranchi MBA 2023 placements, a total of 124 companies visited campus, and 76 PPOs were signed. Compare the IIM Ranchi placement in 2023 to that in 2022 listed below.

  • Compared to 2022, the average MBA compensation package offered in 2023 increased by over 7%.
  • The number of recruiters who visited the campus for MBA placements increased by over 61% in comparison to 2022.
  • The median MBA package offered in 2023 increased by over 6% compared to 2022.
  • Placement Highlights 2022 and 2023

    Batch size253399
    Number of recruiters77124
    Number of PPOsNA76
    Highest domestic packageRs 32.21 LPARs 35.50 LPA
    Highest international packageNARs 67.00 LPA
    Average packageRs 16.17 LPARs 17.30 LPA
    Median packageRs 15.50 LPARs 16.50 LPA

    IIM Kashipur Placement Process 2023

    The highest domestic and international salaries during the IIM Ranchi MBA placements 2023 were Rs 67 LPA and Rs 35.50 LPA, respectively. Moreover, the average CTC for IIM Ranchi placements in 2023 was Rs 17.30 LPA. During the IIM Ranchi MBA 2023 placements, a total of 124 companies visited campus, and 76 PPOs were signed. Compare the IIM Ranchi placement in 2023 to that in 2022 listed below.

  • Compared to 2022, the average MBA compensation package offered in 2023 increased by over 7%.
  • The number of recruiters who visited the campus for MBA placements increased by over 61% in comparison to 2022.
  • The median MBA package offered in 2023 increased by over 6% compared to 2022.
  • Placement statistics 2023 and 2022

    Particulars2023 2022
    Number of recruiters187150+
    Number of Offers340365
    Number of Students319322
    Highest Package (International)$ 39,240-
    Highest Package (Domestic)Rs 37 LPARs 28.82 LPA
    Average packageRs 18.1 LPARs 15.21 LPA
    Median packageRs 17.2 LPARs 14.82 LPA
    Top 10% Average SalaryRs 28.5 LPARs 23.44 LPA
    Top 20% Average SalaryRs 25.9 LPARs 21.51 LPA
    Top 30% Average SalaryRs 24.5 LPARs 20.06 LPA
    Top RecruitersCapgemini, Cognizant, ICICI Bank, Gartner, E&Y, Amazon, Axis Bank

    Adani Wilmar, Byjus, KPMG,

    RBL Bank, Deloitte USI,

    Morgan Stanley

    IIM Nagpur Placement Report 2023

    The highest and average offers received during the MBA placements at IIM Nagpur in 2023 were Rs 64 LPA and Rs 16.74 LPA, respectively. In addition, during the IIM Nagpur MBA placements of 2023, 18% of all students were placed in the Strategy & Consulting domain, making it the top recruiting domain. During the IIM Nagpur MBA 2023 placements, Microsoft, Accenture, and KPMG were among the top recruiters who visited campus.

    IIM Nagpur has also accomplished a 10% increase in the average CTC and a 9% increase in the median CTC.

    Placements 2023

    ParticularsMBA Placement Data 2023
    Total students236
    Highest PackageRs 64.00 LPA
    Average packageRs 16.74 LPA
    Median packageRs 16.85 LPA
    Top 50% Average SalaryRs 18.91 LPA
    Top recruiting sectorITES (33.33% placement)
    First-time recruiters19
    Top RecruitersStrategy & Consulting (18% placement)

    In conclusion, the placement season of 2023 at the Indian Institutes of Management (IIMs) has once again reaffirmed their status as premier institutions for nurturing top talent and connecting them with leading organizations across diverse sectors. With a strong showing of high-profile recruiters, impressive salary packages, and an ever-growing emphasis on diversity and innovation, the IIMs continue to play a pivotal role in shaping the future of India's business landscape, leaving both students and industry stakeholders with much to look forward to in the years ahead.

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