MBA Placements 2023: Get Final Placement Report of Top MBA Colleges in India, Average & Highest Package
MBA graduates frequently determine the genuine value of their degree based on the quality of job placements. A higher placement indicates a more useful degree. The following are the important insights from the final MBA placements 2023 reports of India's leading MBA colleges, including both IIMs and non-IIMs, for 2023.
Anil Solonki21 Nov, 2023
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MBA Placement 2023 : Leading MBA institutions in India have successfully concluded their MBA placement process for the 2023 graduating class. Once more, the MBA placement outcomes from these prestigious colleges have delivered promising results, with the highest package reaching an impressive 115 LPA. Both domestic and international candidates eagerly await the placement statistics from renowned institutions like IIMs, IIFT, FMS, MDI, SPJIMR, IMI, JBIMS, SIBM, and others. This article provides the most up-to-date insights into MBA placements for the 2023 batch.
Despite economic challenges and the ongoing COVID-19 pandemic, this year's MBA placement data indicates a rise in job offers. Notably, sectors such as Consulting, Technology, and BFSI continue to dominate the placement landscape across various institutes. Below, we present the key highlights from the final placement process of select top B-schools in India for 2023.IIM Placements 2023: Highest and Average Salary Packages
Refer to the table provided below to gain insight into the highest domestic CTC (Cost to Company) and the average CTC offered at different IIM campuses . This data has been extracted from the final placement reports for the year 2023.| Name of IIM | Highest CTC | Average CTC |
| IIM Ahmedabad | INR 115 LPA | INR 34.36 LPA |
| IIM Bangalore | to be updated | INR 35.31 LPA |
| IIM Calcutta | to be updated | to be updated |
| IIM Lucknow | to be updated | to be updated |
| IIM Kozhikode | to be updated | to be updated |
| IIM Indore | to be updated | to be updated |
| IIM Shillong | to be updated | to be updated |
| IIM Rohtak | to be updated | to be updated |
| IIM Ranchi | to be updated | to be updated |
| IIM Raipur | to be updated | to be updated |
| IIM Tiruchirappalli | to be updated | to be updated |
| IIM Kashipur | to be updated | to be updated |
| IIM Udaipur | to be updated | to be updated |
| IIM Nagpur | to be updated | to be updated |
| IIM Vishakhapatnam | to be updated | to be updated |
| IIM Bodh Gaya | to be updated | to be updated |
| IIM Amritsar | to be updated | to be updated |
| IIM Sirmaur | to be updated | to be updated |
| IIM Sambalpur | to be updated | to be updated |
| IIM Jammu | to be updated | to be updated |
IIM Placements: Highest International Salary Offered
The statistics regarding MBA placement salaries at IIMs are still pending release. In previous batches, several IIMs received international job offers. The table provided below showcases the highest international salary packages extended to students at IIMs in previous years.| Name of the IIM | Highest International CTC |
| IIM Indore | INR 56.80 LPA |
| IIM Calcutta | INR 80 LPA |
| IIM Lucknow | INR 56 LPA |
| IIM Ahmedabad | INR 115 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* |
Also Read: MBA Admission 2024
IIM Ahmedabad
During the IIM Ahmedabad placements for the year 2023, close to 190 companies actively engaged by providing approximately 280 job opportunities to the MBA batch of 2021-2023. Among these, McKinsey and Company emerged as the leading recruiter, extending the highest number of job offers. Additionally, prominent firms like Accenture, Boston Consulting Group, Ernst & Young, and others also participated in the placement drive at IIM Ahmedabad. The specific salary details will be disclosed in the officially audited placement report by the Indian Placement Reporting Standards (IPRS).IIM Ahmedabad Placements 2023: Highlights
The table provided below outlines the key findings from the 2023 placement session at IIM Ahmedabad.| Features | Details |
| Highest salary offered | INR 115 LPA |
| Average salary offered | 34.36 LPA |
| Number of participating companies | 188 |
| Top recruiting companies | McKinsey and Company, BCG, (made highest number of offers) |
| Total number of offers made | 280 |
IIM Ahmedabad Placements: Past Trends
In 2022, the highest domestic salary package reached INR 61.48 LPA, while the highest international salary package amounted to USD 1,40,599 per year. The average domestic package was INR 32.79 LPA, and the average international package was USD 1,08,405 per year.- The figures for 2021 indicate that the highest offered salary was INR 55.00 lakh per year, with the highest international offer at INR 1.16 crore per year. The average international salary offer was INR 74.80 lakh per year.
- Looking back to 2020, there were 153 firms participating in the IIM Ahmedabad placement process. According to the IPRS PGP final placement report, the average domestic salary at the institute was INR 26.13 LPA. The highest domestic offer stood at Rs 55.88 LPA, while an international package of Rs 1.32 crore per year was extended to a student.
IIM Bangalore
The 2023 final placement process at IIM Bangalore has been successfully completed, involving 512 participating students who collectively received 606 offers from prestigious companies. Similar to the previous year, the Consulting sector continued to dominate, accounting for the highest percentage of job offers at 40%. Among the top recruiters, The Boston Consulting Group secured the top spot with 26 offers during the final placements. Other prominent recruiters in the IIM Bangalore final placements included:- Bain & Company, extending 22 offers
- Accenture Strategy CN, also with 22 offers
- Tata Consultancy Services, providing 18 offers
- McKinsey & Company, presenting 16 offers
- American Express, offering 15 positions
- Ernst & Young India, making 14 offers
- Cogoport, with a total of 11 offers
IIM Bangalore Placements 2023: Highlights
The table presented below provides an overview of the highlights from the placement session at IIM Bangalore in 2023.| Features | Details |
| Average CTC | INR 35.31 LPA |
| Median CTC | INR 33 LPA |
| Number of companies participated | 164 |
| Number of students | 512 |
| Number of offers made | 606 |
| Top recruiters | BCG, Bain & Company, McKinsey & Company, Microsoft, TCS, among others |
IIM Calcutta
In 2022, IIM Calcutta conducted the placement process for a cohort of 465 students, and the institute received a total of 631 offers from 172 different recruiters. Notably, the average salary at the institution increased from INR 29 LPA in the preceding year to INR 34 LPA. Some of the prominent companies that actively participated in the IIM Calcutta placement process in 2022 included Accenture Strategy, Bain & Company, Boston Consulting Group, EY Parthenon, McKinsey & Company, Amazon, Flipkart, Microsoft, Paytm, among others.IIM Calcutta Placements 2023: Highlights
The table presented below provides an overview of the highlights from the placement session at IIM Calcutta in 2023.| Features | Details |
| Average CTC offer | INR 34 LPA |
| Median CTC offer | INR 31 LPA |
| Total number of recruiters | 172 |
| Total number of students | 465 |
| Total number of job offers | 631 |
| Top recruiting domain | Consulting (49%) |
| Top recruiters | Accenture Strategy, Bain & Company, Boston Consulting Group, EY Parthenon and McKinsey & Company |
IIM Lucknow
In 2022, IIM Lucknow achieved a 100% placement rate, with the majority of placements occurring in the Consulting sector. The top recruiters at IIM Lucknow included Aditya Birla Group, Accenture, Adobe, Alliance Bernstein, Alvarez and Marsal, Amagi, American Express, Asian Paints, Atlassian, Avendus Capital, Axis Group, Bain & Co., Bank of America Merrill Lynch, Barclays, Boston Consulting Group, Blue Yonder, Byju’s, Capgemini, Citi, Colgate Palmolive, Crediwatch, Dalberg, Deutsche Bank, Deloitte, Diageo, Eversana, Ernst and Young, Ernst and Young Parthenon, FinIQ, Flipkart, Gameskraft, Goldman Sachs, GSN Games, HDFC Bank, HSBC, Investec, Kearney, KPMG, Mastercard, McKinsey & Co., Microsoft, Myntra, Navi, Paytm, Pidilite, PricewaterhouseCoopers, RPG, Samsung, Standard Chartered, State Street, Stryker, Vodafone-Idea, Wells Fargo, Xiaomi, and many others. The highest international CTC offer reached INR 61.59 LPA, while the highest domestic CTC offer was INR 58.00 LPA. The average domestic CTC offer was INR 26 LPA.IIM Lucknow Placements 2023: Highlights
The table presented below provides an overview of the highlights from the placement session at IIM Lucknow in 2023.| Features | Details |
| Highest international CTC offered | INR 61.59 LPA |
| Highest domestic CTC offered | INR 58.00 LPA |
| Average CTC offered | INR 26 LPA |
| Total number of offers | 534 |
| Total number of students | 491 |
IIM Indore
In the 2022 placement process at IIM Indore , there was a notable increase of six percent in the average package. The average domestic salary reached INR 25.01 lakh per annum, compared to INR 23.60 lakh per annum in the previous year. However, in contrast to previous years, IIM Indore did not observe any international offers this year.- Prominent recruiters for the year included Bank of America, Deutsche Bank, Goldman Sachs, HDFC Bank, JP Morgan Chase & CoMorgan Stanley, Blue Star, NPCI, PhonePe, AB InBev, Asian Paints, Hindustan Unilever Limited, L’Oreal, Boston Consulting Group, Marico, Amazon, Indiamart, Bain Capability Network, and others.
IIM Indore Placements 2023: Highlights
The table presented below provides an overview of the highlights from the placement session at IIM Indore in 2023.| Features | Details |
| Highest salary offered | INR 49.00 LPA |
| Average salary for top 100 students | INR 37.95 LPA |
| Average salary offered | INR 25.01 LPA |
| Number of recruiters | 180 |
| Number of students | 572 |
| Top recruiting domain | Finance (20 %) |
IIFT Delhi
The final placements for the 2022 batch at IIFT Delhi recorded a 100% placement rate, with an average annual CTC of INR 25.16 lakh. The highest international CTC offered was INR 80 lakh per annum, while the highest domestic CTC reached INR 46.5 lakh per annum. Consulting firms played a prominent role, constituting the highest number of offers at 25%. Notable recruiters in this domain included Accenture Strategy, Deloitte Consulting, EY, Infosys, McKinsey & Co, Optum Advisory, Shangrila Corporate Services, Thoucentric, Wipro, ZS Associates, and others.IIFT Delhi Placements 2023: Highlights
The table presented below provides an overview of the highlights from the placement session at IIFT Delhi in 2023.| Features | Details |
| Highest international salary offered | INR 80.00 LPA |
| Highest domestic salary offered | INR 46.50 LPA |
| Average domestic salary offered | INR 25.16 LPA |
| Median salary offered | INR 25.00LPA |
| Total number of recruiters | 82 |
| Number of international offers | NA |
| New recruiters | Accenture Strategy, Asian Paints, AU Small Finance Bank, CarDekho, Dell Technologies, Deloitte, Emami, EY, HCCB, Jio Platforms, Mars, Narayana Health, NFIL, Nucleus Software, Optum, RBL Bank, Searce, State Street and Udaan |
| Sector-wise maximum hiring | Consulting (25 per cent) |
FMS Delhi
In the 2022 final placements at FMS Delhi for the batch of 2020-2022, a 100% placement rate was achieved, with an average annual CTC of INR 32.40 lakh. The placement drive involved 269 students, of which 257 actively participated. Leading recruiters encompassed Accenture Strategy, Adobe, Amazon, Bain & Co., Boston Consulting Group, Citibank, Coca-Cola, ITC Limited, Kearney, Media.net, Microsoft, Paytm, Standard Chartered, and many more.FMS Delhi Placements 2023: Highlights
The table presented below provides an overview of the highlights from the placement session at FMS Delhi in 2023.| Features | Details |
| Highest salary offered | INR 58.00 LPA |
| Average Salary Offered | INR 32.40 LPA |
| Median Salary Offered | INR 30.00 LPA |
| Number of students participated | 257 |
| Number of offers made | NA |
| Number of recruiters | 120+ |
| Top Recruiters | Accenture Strategy, Adobe, Amazon, Bain & Co., Boston Consulting Group, Citibank |
XLRI Jamshedpur
In 2022, XLRI, Jamshedpur, successfully achieved a 100% placement rate for its batch comprising 427 students from PGDM HRM and PGDM BM courses. These students secured positions with top-tier companies, including Boston Consulting Group, Microsoft, Amazon, P&G, Aditya Birla Group, ITC, Avendus Capital, Hindustan Unilever, and others. According to the XLRI placement report, the highest domestic salary this year exceeded INR 60 lakh per annum, while the average salary offered was INR 30.70 lakh per annum. Additionally, approximately 40.28% of students received pre-placement offers.XLRI Jamshedpur Placements 2023: Highlights
The table presented below provides an overview of the highlights from the placement session at XLRI Jamshedpur in 2023.| Features | Details |
| Highest international salary | NA |
| Highest domestic salary | Over INR 60 LPA |
| Average domestic salary | INR 30.70 LPA |
| Median domestic salary | INR 30.00 LPA |
| Number of candidates | 427 |
| Number of offers made | 437 |
| Total number of participating companies | 99 |
| Number of first-time recruiters | 23 |
SPJIMR Mumbai
During the SPJIMR final placements in 2022, the institution observed an increase in salary offers compared to the previous year. The highest CTC offer reached INR 53.16 lakh per annum, whereas in 2021, it was INR 46.65 LPA. The average domestic salary for this year stood at INR 32.05 lakh per annum, which was approximately six lakhs higher than the previous year's average of INR 26.06 lakh per annum. Notably, SPJIMR received a total of 123 pre-placement offers, with consulting firms being the primary recruiters, extending the highest number of offers ever reported by SPJIMR for a single batch.SPJIMR Mumbai Placements 2023: Highlights
The table presented below provides an overview of the highlights from the placement session at SPJIMR Mumbai in 2023.| Features | Details |
| Highest salary offered | INR 53.16 LPA |
| Average salary offered | INR 32.05 LPA |
| Median salary offered | INR 30.10 LPA |
| Total number of students | 238 |
| Total number of participating companies | 70 |
| Number of PPOs | 123 |
| Number of first time recruiters | 33 |
MDI, Gurgaon
Management Development Institute (MDI), Gurgaon, successfully concluded its final placement process for the 2020-22 batch, achieving a 100% placement rate for its 391 students. This year, the institute welcomed the participation of 85 companies, including 32 new recruiters, leading to a significant increase in the average salary offered. According to MDI's placement report, the highest salary offer this year reached an impressive INR 1.14 crore per annum, marking an increase of more than INR 50 lakhs from the previous year's INR 44 LPA. Likewise, the average salary offer saw an uptick from INR 23.15 lakh per annum last year to INR 26.07 lakh per annum this year.MDI Gurgaon Placements 2023: Highlights
The table presented below provides an overview of the highlights from the placement session at MDI Gurgaon in 2023.| Features | Details |
| Highest domestic salary offered | INR 1.14 CPA |
| Average salary offered | INR 26.07 LPA |
| Median salary offered | INR 23.50 LPA |
| First time recruiters | 32 |
| Number of participating companies | 85 |
| Top recruiting sector | Consulting (41% offers) |
IMT Ghaziabad
IMT Ghaziabad recently concluded its placement process for 2022, successfully securing positions for 517 students enrolled in PGDM, PGDM-DCP, and PGDM-BFS courses. The institute attracted participation from over 130 leading companies, including 45 first-time recruiters.- Prominent companies that took part in IMT Ghaziabad's final placements for 2022 comprised Goldman Sachs, Credit Suisse, Morgan Stanley, Natwest Group, Morningstar, HSBC, Aditya Birla Capital, Bank of America, BNY Mellon, Darashaw, Accenture, Cisco, Cognizant, Microsoft, Google, Genpact, Zycus, HCL, Salesforce, MAQ Software, Wipro Tech, BCG, Deloitte, Infosys Consulting, KPMG Global Services, Zinnov Management Consulting, Marico, Wipro CCL, Zydus Wellness, Indegene, L’Oréal, Emami, Piramal, and others.
IMT Ghaziabad Placements 2023: Highlights
The table presented below provides an overview of the highlights from the placement session at IMT Ghaziabad in 2023.| Features | Details |
| Highest domestic salary offered | INR 62.00 LPA |
| Average salary offered | INR 15.28 LPA |
| Median salary offered | INR 14.00 LPA |
| Top recruiting sector | IT/ITES (28 per cent) |
| Total number of PPOs | 64 |
IRMA Anand
IRMA's 41st batch successfully achieved a 100% placement rate during the final placement process. Nineteen students secured positions through Pre-Placement Offers (PPOs), including one international PPO. A total of 431 offers were extended to a cohort of 215 students. The institute's average salary offer stood at INR 14.33 lakh per annum, while the highest offer reached INR 26.50 lakh per annum.- Prominent recruiters encompassed companies such as Flipkart, ICICI Bank, Axis Bank, Gujarat Cooperative Milk Marketing Federation Limited (AMUL), National Dairy Development Board, Cred Avenue, Crompton Greaves, Godrej Agrovet Ltd., ITC Ltd., Grant Thornton LLP, Licious, Tata Steel, Vedanta CSR, Yes Bank, Samunnati Financial Intermediation & Services Pvt. Ltd., IDFC First Bank, Dhwani Rural Information Systems, Adani Wilmar Ltd., Future Group, Dharampal Satyapal Group, Jio Platforms Ltd., DCM Shriram, Metro Cash n Carry, More Retail, Reliance Retail, Verghese Kurien Policy Lab at IRMA, and others.
IRMA Placements 2023 Highlights
The table presented below provides an overview of the highlights from the placement session at IRMA in 2023.| Features | Details |
| Highest salary offered | INR 26.50 LPA |
| Average salary offered | INR 14.33 LPA |
| Median salary offered | INR 15.00 LPA |
| Number of Participating companies | 251 |
| Number of job offers | 431 |
Also Read: MBA Salary in India 2023
MBA Placements 2023: Highest/Average package at top MBA institutes in India
Refer to the list below to discover which MBA colleges in India offer the highest packages. Additionally, take note of the average salary offers extended during the final placement process at leading MBA institutions (excluding IIMs) in India.| MBA institute | Highest CTC | Average CTC |
| FMS Delhi | INR 58.00 LPA | INR 32.40 LPA |
| IIFT Delhi | INR 46.50 LPA | INR 25.16 LPA |
| XLRI Jamshedpur | Over INR 60 LPA | INR 30.70 LPA |
| MDI Gurgaon | INR 1.14 CPA | INR 26.07 LPA |
| IMT Ghaziabad | INR 62.00 LPA | INR 15.28 LPA |
| SPJIMR Mumbai | INR 53.16 LPA | INR 32.05 LPA |
| JBIMS Mumbai | INR 42.00 LPA | INR 27.63 LPA |
| MICA Ahmedabad | INR 49.75 LPA* | INR 14.01 LPA* |
| IMI Delhi | INR 32.00 LPA | INR 15.23 LPA |
| XIMB Bhubaneswar | INR 32.21 LPA | INR 17.54 LPA |
| Great Lakes Institute of Management (PGDM) | INR 25.80 LPA | INR 12.50 LPA |
| SIBM Pune | INR 45.50 LPA | INR 23.06 LPA |
| NMIMS Mumbai | INR 57.65 LPA | INR 23.07 LPA |
| ISB Hyderabad | NA | INR 27.13 LPA* |
MBA Placements 2023 FAQs
What is the overall trend in MBA placements for 2023?
Overall, MBA placements for 2023 have shown positive results with increased recruitment and competitive salary packages.
Which sectors are dominating MBA placements in 2023?
Consulting, Technology, and BFSI sectors continue to dominate MBA placements in 2023, offering a substantial number of job opportunities.
Are international job offers on the rise in MBA placements for 2023?
While international offers remain prevalent, the focus for MBA placements in 2023 continues to be primarily on domestic opportunities.
How do the salary packages for MBA placements in 2023 compare to previous years?
In 2023, MBA salary packages have generally seen an upward trend, with higher average and maximum salary offers compared to previous years.
Which top recruiters are actively participating in MBA placements for 2023?
Prominent recruiters in MBA placements for 2023 include well-known companies like McKinsey & Company, Accenture, Boston Consulting Group, and many others, depending on the specific institutions and their reports.
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