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IIM Placements 2023, Highest and Average Package offered by Top Companies

IIM placement 2023 process for MBA/PGP happens between December and February. Here, candidates can find information about placements in all 20 IIM institutes in 2023. Get complete details of IIM placement process, highest salary, average salary, top companies and job roles.
authorImageAnil Solonki18 Mar, 2024
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IIM Placements 2023

IIM placements 2023: The placement process holds significant importance in the ultimate era of management education, and the Indian Institutes of Management (IIMs) have earned a reputation for their outstanding placement records. Offering a range of MBA programs , including one-year, two-year, and executive MBA programs, the IIMs tailor their placement procedures to meet industry requirements and the students' experience levels. Through collaborations with diverse companies, the IIMs facilitate pre-placement talks, interviews, and summer internships as part of their placement process.

The hard work pays off with great results. Students get job offers from top companies in different areas. Also, IIMs give helpful advice to students about careers, helping them make smart choices for their future. It's important to mention that IIMs are always ranked among India's best management schools. That's why both students and recruiters really want to be part of their MBA programs .

IIM Placements 2023 Process Overview

In the world of business education, finding good job opportunities after graduation is very important. Indian Institutes of Management (IIMs) are well-known for helping students land great jobs. They offer different MBA programs, like one-year MBA, two-year MBA, and executive MBA, tailored to fit what companies need and what students know. The process to find these jobs involves talking to companies, doing interviews, and internships. Remarkably, IIM students get job offers from top companies in different fields. The process at IIMs has three main parts: Summer Placements, for internships; Lateral Placements, for people with work experience; and Final Placements, for full-time jobs. The Career Development Services (CDS) office and the Student Placement Committee (SPC) manage this process, which happens from December to February, though it can vary a bit at different IIMs. MBA Pioneer Pro CTA

IIM Placement 2023 Highest & Average salary packages

Despite the economic slowdown, the IIMs have experienced an increase in both the highest packages and average salary offers this year. Please refer to the table below for the 2023 placement salary figures.
IIM Placement 2023 Highest & Average salary packages offered
Name of IIM Highest CTC (INR) Average CTC (INR)
IIM Ahmedabad INR 61.48 LPA* INR 32.79 LPA*
IIM Bangalore NA 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

IIM MBA Placements 2023 Highest International Packages Offered

The table below displays the highest annual salaries offered in recent years by renowned international organizations at select prestigious IIMs.
IIM MBA Placement Highest International Packages Offered
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 Kashipur INR 48.50 LPA
IIM Udaipur INR 33.00 LPA
IIM Ranchi INR 59.36 LPA
IIM Sambalpur INR 58.00 LPA

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IIM Placements 2023 FAQs

How does the placement process at IIMs work?

The placement process at IIMs involves three main parts: Summer Placements for internships, Lateral Placements for experienced individuals, and Final Placements for full-time jobs. It is managed by the Career Development Services (CDS) office and the Student Placement Committee (SPC) from December to February.

What are the highest and average salary packages offered in IIM Placement 2023?

Here are the highest and average salary packages for IIMs in 2023: IIM Ahmedabad: Highest - INR 61.48 LPA, Average - INR 32.79 LPA IIM Bangalore: Highest - Not Available, Average - INR 35.31 LPA IIM Calcutta: Highest - 1.15 CPA, Average - INR 35.07 LPA IIM Lucknow: Highest - INR 66.00 LPA, Average - INR 32.20 LPA IIM Kozhikode: Highest - INR 67.00 LPA, Average - INR 31.02 LPA

How have IIM placements performed in 2023 amid economic challenges?

Despite economic challenges, IIMs have witnessed an increase in both the highest and average salary packages in 2023. Specific figures for each IIM can be referred to in the provided table.

Which IIMs have received the highest international packages in 2023?

In 2023, the IIMs with the highest international packages are: IIM Ahmedabad: INR 1.32 CPA IIM Indore: INR 89.25 LPA IIM Lucknow: INR 61.59 LPA IIM Kashipur: INR 48.50 LPA IIM Udaipur: INR 33.00 LPA

How long does the IIM placement process take place?

The IIM placement process occurs from December to February, varying slightly among different IIMs. It includes Summer Placements, Lateral Placements, and Final Placements for various opportunities, such as internships and full-time jobs.
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