In 2024, some of the highest MBA packages in India were offered by prestigious institutions like IIM Ahmedabad, IIM Bangalore, and IIM Calcutta. MBA Placement drive is one of the most vital parameters an MBA aspirant looks for before taking admission. The IIMs and the top B-Schools in India like MDI Gurgaon, XLRI Jamshedpur, NITIE Mumbai, SIBM Pune, and many others have concluded their placement drive. Most candidates start their placement preparation in the first year of the MBA Program. In the year, several IIMs maintained a 100% placement record.
During the MBA Placement drive, placement offers were made from the top recruiting sectors like Consulting, Business Analytics, General Management, etc. IIM Bangalore students received 662 placement offers, the highest among the top IIMs & B-schools. IIM Calcutta students received 640 placement offers, IIM Kozhikode students received 571 placement offers & IIM Lucknow students received 534 offers. MBA placement 2024 reports of top MBA colleges will be available after the completion of the academic year 2024-2026. Aspirants wish to pursue an MBA program to fetch a higher MBA salary in India. The highest package MBA salary package offered in India was 1.46 CPA offered by IIM Ahmedabad. Most of the IIMs and other B-schools offered average MBA salary packages ranging from Rs. 10 LPA to Rs. 50 LPA in the recent MBA placements. A good MBA placement determines the value of an MBA course at any B school. MBA aspirants can check out the MBA placement reports, CTC of IIMs and non-IIMs, highest MBA packages, etc.
SECTOR |
TOTAL NO. OF FIRMS |
TOTAL NO. OF OFFERS |
SHARE |
Consulting |
20 |
155 |
26% |
Finance/Banking/Investments |
43 |
135 |
22% |
IT Software/Services/Security |
14 |
43 |
7% |
FMCG/Retail |
23 |
79 |
11% |
Analytics/AI/ML |
8 |
13 |
2% |
E-commerce/Payments/Telecom |
15 |
45 |
7% |
Manufacturing/Construction/Energy |
20 |
45 |
9% |
Foundations/Governance/Education |
9 |
29 |
5% |
Healthcare |
9 |
19 |
3% |
TOTAL |
171 |
602 |
100% |
MBA aspirants gearing up for MBA entrance exam for admission to IIMs must know IIM MBA placement packages. They can check the highest IIM package and average IIM package from the table below.
List of IIMs |
Highest CTC |
Average CTC |
IIM Ahmedabad placement |
INR 1.46 CPA |
INR 34.36 LPA |
IIM Bangalore placement |
INR 1.15 CPA |
INR 35.31 LPA |
IIM Calcutta placement |
INR 1.15 CPA |
INR 35.07 LPA |
IIM Lucknow placement |
INR 66.00 LPA |
INR 32.20 LPA |
IIM Indore placement |
INR 1.15 CPA |
INR 30.21 LPA |
IIM Kozhikode placement |
INR 67.00 LPA |
INR 31.02 LPA |
IIM Amritsar placement |
INR 36.25 LPA |
INR 16.51 LPA |
IIM Nagpur placement |
INR 64.00 LPA |
INR 16.74 LPA |
IIM Sambalpur placement |
INR 64.61 LPA |
INR 16.63 LPA |
IIM Trichy placement |
INR 41.61 LPA |
INR 20.55 LPA |
IIM Raipur placement |
INR 43.43 LPA |
INR 21.04 LPA |
IIM Ranchi placement |
INR 67.00 LPA |
INR 35.50 LPA |
IIM Kashipur placement |
INR 37.00 LPA |
INR 18.10 LPA |
IIM Vizag placement |
INR 43 LPA |
INR 16.61 LPA |
IIM Udaipur placement |
INR 35.04 LPA |
INR 20.02 LPA |
IIM Bodhgaya placement |
INR 48.58 LPA |
INR 14.96 LPA |
IIM Shillong placement |
INR 71.30 LPA |
INR 26.96 LPA |
IIM Sirmaur placement |
INR 64.12 LPA |
INR 14.45 LPA |
IIM Rohtak placement |
INR 36.00 LPA |
INR 18.73 LPA |
IIM Mumbai placement |
INR 54 LPA |
INR 47.29 LPA |
IIM Jammu placement |
INR 64.00 LPA |
INR 16.43 LPA |
Apart from IIMs, other top MBA colleges are offering the best placements with higher salaries as can be seen below.
MBA Colleges |
Highest CTC |
Average CTC |
FMS Delhi Placement |
INR 1.23 CPA |
INR 46.1 LPA |
MDI Gurgaon Placement |
INR 60 LPA |
INR 26.1 LPA |
IMT Ghaziabad Placement |
INR 34 LPA |
INR 17.35 LPA |
SPJIMR placement |
INR 81 LPA |
INR 33 LPA |
XLRI Jamshedpur placement |
INR 32.7 LPA |
INR 78.2 LPA |
IIFT Delhi Placement |
INR 76.5 LPA |
INR 29.1 LPA |
IMS Ghaziabad Placement |
INR 20 LPA |
INR 8.25 LPA |
MICA, Ahmedabad Placement |
INR 36 LPA |
INR 20.1LPA |
TAPMI, Manipal placement |
General - INR 24.8 LPA |
General - INR 14.6 LPA |
K J Somaiya, Mumbai placement |
INR 25.96 LPA |
INR 12.32 LPA |
XIME, Bangalore Placement |
INR 16 LPA |
INR 10.36 LPA |
IMI, New Delhi Placement |
INR 50 LPA |
INR 17.01 LPA |
GIM Goa placement |
INR 55 LPA |
INR 14.87 LPA |
B-school |
MBA Average Salary 2023 (Rs. in Lakhs |
MBA Average Salary |
Percentage |
35.31 |
35.92 |
2% |
|
35.07 |
35.07 |
0% |
|
34.1 |
-- |
||
34.21 |
-- |
||
Awaited |
After IPRS Audit in Oct 2024 |
||
34.07 |
-- |
||
33.02 |
33 |
0% |
|
32.7 |
29.89 |
-9% Drop |
|
32.2 |
30 |
-7% Drop |
|
31.02 |
28.05 |
-10% Drop |
|
30.21 |
25.68 |
-15% Drop |
|
29.1 |
Not Completed |
||
28.88 |
28.01 |
-3% Drop |
|
28.02 |
-- |
||
27.67 |
25.5 |
-8% Drop |
|
27.22 |
-- |
||
26.96 |
26.1 |
-3% Drop |
|
26.77 |
28.16 |
5% |
|
26.63 |
Not Completed |
||
25.82 |
Not Completed |
Rs. 32.80 LPA |
Rs 34.36 LPA |
|
Rs. 33.82 LPA |
Rs. 35.31 LPA |
|
Rs. 34.20 LPA |
Rs. 35.07 LPA |
|
Rs. 29.50 LPA |
Rs. 31.02 LPA |
|
Rs. 31.03 LPA |
Rs. 32.20 LPA |
|
Rs. 25.01 LPA |
Rs. 30.21 LPA |
|
Rs. 23.10 LPA |
Rs. 26.96 LPA |
|
Rs. 17.73 LPA |
Rs. 21.04 LPA |
|
Rs. 17.00 LPA |
Rs. 20.55 LPA |
|
Rs. 17.80 LPA |
Rs. 20.32 LPA |
|
Rs. 16.06 LPA |
Rs. 18.73 LPA |
|
Rs. 15.21 LPA |
Rs. 18.11 LPA |
|
Rs. 16.17 LPA |
Rs. 17.30 LPA |
|
Rs. 14.94 LPA |
Rs. 16.74 LPA |
|
Rs. 14.63 LPA |
Rs. 16.51 LPA |
|
Rs. 12.64 LPA |
Rs. 16.64 LPA |
|
Rs. 13.53 LPA |
Rs. 16.43 LPA |
|
Rs.12.36 LPA |
Rs. 16.00 LPA |
|
Rs.14.60 LPA |
Rs. 15.47 LPA |
|
Rs.12.74 LPA |
Rs.14.45 LPA |
TOP MBA COLLEGE BY AVERAGE SALARY |
MBA AVERAGE SALARY 2022 |
MBA AVERAGE SALARY 2023 |
RS. 34.08 LPA |
RS. 34.21 LPA |
|
RS. 26.65 LPA |
RS. 27.67 LPA |
|
RS. 32.05 LPA |
RS. 33.02 LPA |
|
RS.30.07 LPA |
RS. 32.70 LPA |
|
RS. 25.16 LPA |
RS. 29.10 LPA |
|
RS. 25.93 LPA |
RS. 28.88 LPA |
|
RS. 27.63 LPA |
RS. 28.02 LPA |
|
RS. 23.97 LPA |
RS. 27.22 LPA |
|
RS.23.06 LPA |
RS. 26.77 LPA |
|
RS. 23.07 LPA |
RS. 26.63 LPA |
|
RS. 21.90 LPA |
RS. 25.82 LPA |
|
RS 33.1 LAKHS |
RS 34.07 LPA |
|
BITSOM MUMBAI |
— |
RS. 23.85 LPA |
RS. 20.40 LPA |
RS. 23.83 LPA |
|
RS. 16.66 LPA |
RS. 20.19 LPA |
|
RS. 17.54 LPA |
RS. 20.03 LPA |
|
RS. 19.01 LPA |
RS. 20.09 LPA |
|
RS. 15.28 LPA |
RS. 17.35 LPA |
|
RS. 15.23 LPA |
RS. 17.01 LPA |
|
RS.12.60 LPA |
RS. 14.60 LPA |
|
RS.14.33 LPA |
RS. 15.50 LPA |
|
RS.12.50 LPA |
RS. 14.50 LPA |
|
RS.12.14 LPA |
RS. 14.87 LPA |
|
RS.11.30 LPA |
RS. 12.42 LPA |
|
RS.10.67 LPA |
RS. 12.23 LPA |
|
RS.13.74 LPA |
RS. 14.30 LPA |
|
FOR NEW DELHI |
RS.14.04 LPA |
RS. 14.50 LPA |
The below table shows the international highest salary received by IIM students:
Colleges |
Highest International Salary |
IIM Ahmedabad |
INR 1.15 CPA |
IIM Indore |
INR 70 LPA |
IIM Lucknow |
INR 61.59 LPA |
IIM Sambalpur |
INR 41 LPA |
The below table represents some of the top recruiters who participated during MBA Placements of various colleges:
Boston Consulting Group |
TATA Administrative Services |
Emaar |
Nomura |
Ola |
Samsung |
CK Birla Group |
Accenture Strategy |
Amazon |
Microsoft |
Flipkart |
Myntra |
Vodafone Idea |
Winzo Games |
BMW |
CISCO |
Airtel |
Swiggy |
IBM |
Deloitte |
Aditya Birla Group |
Infosys |
EY |
HCL |
Capgemini |
Cognizant |
ICICI Bank |
HDFC Bank |
Ques: What are the typical salary packages for MBA graduates in India?
Ans: Salary packages for MBA graduates in India vary depending on several factors, including:
The average starting salary for MBA graduates in India can range from ?4-5 LPA (Lakhs Per Annum) to ?10-12 LPA. However, top performers from prestigious institutes with relevant experience can secure packages exceeding ?20 LPA.
Ques: Which IIMs and B-Schools are known for offering the highest MBA packages?
Ans: Historically, the Indian Institutes of Management (IIMs) at Ahmedabad, Bangalore, Calcutta, Delhi, and Lucknow consistently rank at the top for offering the highest placement packages. Other prominent B-Schools like FMS Delhi, SPJIMR Mumbai, MDI Gurgaon, and XLRI Jamshedpur are also known for attracting top recruiters and offering lucrative packages.
Ques: How much can I expect to earn with an MBA from a non-IIM institute?
Ans: MBA graduates from top non-IIM institutes can still secure attractive packages. The salary range can vary from ?8-10 LPA to ?15-18 LPA depending on the factors mentioned above.
Ques: Are there any specific job roles that typically command the highest salaries for MBA graduates?
Ans: Some job roles in India consistently feature among the highest paying for MBA graduates. These include:
Ques: What can I do to increase my chances of getting a high-paying job after my MBA?
A strong academic record, relevant work experience, and a well-rounded profile with leadership qualities and extracurricular involvement can significantly improve your chances of landing a high-paying job. Additionally, focusing on in-demand skills like data analysis, digital marketing, and financial modeling can make you a more attractive candidate for top companies.
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