IIM is a brand name that attracts top companies from around the world. IIMs are the most reputable business schools in India and it would certainly be correct to say that placements in IIM are top-notch. The world-class education facility provides students multiple opportunities to widen their horizon and study the top management courses to boost their careers. The placements in IIMs are annually conducted between December and February with top companies from various industries visiting the campuses to recruit students for multiple roles in their organization. If you wish to know more about placements in IIM, read on because we shall provide key figures and top companies that make annual recruitments from the colleges.
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IIM Placement Process
The IIM placement process is conducted in three phases- Summer Placements, Lateral Placements, and Final Placements.
- IIM Summer Placements: Usually conducted in October – November and only first-year students can participate in summer placements.
- IIM Lateral Placements: Usually conducted in January – February and only those students who have prior work experience can participate in lateral placements.
- IIM Final Placements: Usually conducted in Feb- March and only graduating students can participate in final placements.
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Placements in IIM: Highest International Packages Offered
In this section, we shall discuss the highest CTC offered by the prominent IIMs for the academic year 2020. We have listed the highest international CTC offered below :
- IIM Ahmedabad: INR 1.32 CPA
- IIM Kashipur: INR 48.5 LPA
- IIM Indore: INR 89.25 LPA
- IIM Ranchi: INR 59.3 LPA
- IIM Udaipur: INR 33 LPA
- IIM Sambalpur: INR 58 LPA
Placements in IIM: Highest/Average Salary Packages Offered
The average salary packages offered in the placements of well-established IIMs ranges from INR 20- 26 LPA whereas newer IIMs offer average salary that ranges from INR 10-18 LPA. However, what must be pointed here is that although there has been an increase in the highest salary package offered in new IIMs as compared to last year, the average salary package has remained the same more or less. We have taken the data available for the year 2020 and listed it down.
|IIM||Highest CTC (In Lakhs- per annum)||Average Domestics CTC – (In Lakhs- per annum)|
|IIM Bodh Gaya||20||11.20|
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List of Companies
Here is a comprehensive list of companies that participate in the annual placement drives conducted by IIMs in India. These companies belong to sectors like Information Technology, E-Commerce, Manufacturing, Consulting, Strategy, Telecom and FMCG:
- The Boston Consulting Group
- SAIF Partners
- JP Morgan
- Bain & Co
- Goldman Sachs
- Blackstone Group
- American Express
- HCL Technologies and Strategy
- Russell Reynolds
- Etihad Airways
- United Breweries
How to Choose Between Indian MBA vs Foreign MBA?
Yes, students do get international job offers with good salary packages in the campus placements of IIMs.
The minimum salary figures are not released However, from other data sources, it was revealed that minimum salary is not less than Rs 6 lakh per annum.
IIMs has recorded 100 percent placements for all students except for those who opt-out of the campus placement process.
IIM graduates can earn from top IIMs have an average salary of 20 to 25 lakhs while those from newer IIMs can expect a salary somewhere between 10 to 15 lakhs.
IIM Ahmedabad was ranked no. 1 in India by NIRF amongst the best management schools in India.
In terms of ROI, MBA from IIMs is highly lucrative opportunity and students can easily get a return on their investments within 1 to 2 years of passing out.
Summer placements in IIMS are meant for first-year students only. These are internship opportunities offered to freshers to build a strong profile and work value work experience from top companies.
The Boston Consulting Group
Bain and Co
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