Compensation metrics moved decisively upward when the 2023 batch of IIM Indore closed its recruitment cycle. Peak pay was the standout figure, climbing 132.6% to land at INR 1.14 CPA. Alongside it, the batch average gained 20.8% and finished at INR 30.21 LPA, with the median recorded at INR 27.2 LPA.
Internship hiring told a similar story for the class graduating in 2024. A pool of 140 firms took part in the Summer Internship Placements and engaged 606 students between them. The best stipend on offer expanded 50% to touch INR 6 Lakhs; averaged across the cohort, the figure improved 37% to INR 2.74 Lakhs. One quarter of all interns, or 25%, headed into Consulting roles, making it the most sought after function.
Table of Content
- Placements 2023 Report
- Placements 2023 Domain Wise
- Placements 2022 Salary Statistics
- Placements 2022 Domain Wise
- Placements 2022 Course Wise
- MBA Placements 2022
- Executive MBA Placements 2022
- PGP-HRM Placements 2022
- Summer Internship Placements 2024
- Placements 2021 Sector Wise Analysis
- Alumni Network
- Placements FAQs
Placements 2023 Report
Set side by side, the two most recent cycles reveal salary growth paired with a leaner recruiter list. Participation stayed almost flat at 568 students in 2023 versus 572 a year earlier. Companies on campus fell from over 200 to 160, yet fresh names more than doubled: first-time recruiters went from 30 to over 80.
| Particulars | Placement Statistics 2023 | Placement Statistics 2022 |
|---|---|---|
| Number of Students | 568 | 572 |
| Number of Recruiters | 160 | 200+ |
| First Time Recruiters | 80+ | 30 |
| Highest International CTC | - | INR 70 LPA |
| Highest Domestic CTC | INR 1.14 CPA | INR 49 LPA |
| Top 100 Students CTC | - | INR 37.95 LPA |
| Average CTC | INR 30.21 LPA | INR 25.01 LPA |
| Median CTC | INR 27.2 LPA | INR 24.09 LPA |
| Major Domains | Finance and Sales & Marketing | Consulting & Finance |
| Top Recruiters | Amazon, BCG, Cipla | Accenture Strategy, BMW, Cisco |
Benchmarking against fellow IIMs is routine given how closely the top B-schools compete. Recruiter counts, offer volumes and peak salary bands at three other institutes appear below.
| Institute | No. of Recruiters | No. of Offers | Highest CTC (Range) | Top Recruiter |
|---|---|---|---|---|
| IIM Calcutta | 192 | 640 | INR 70-100 LPA | Gaza Capital, SAIF Partners |
| IIM Bangalore | 137 | 662 | INR 50-55 LPA | EY-Parthenon |
| IIM Lucknow | 150 | 534 | INR 61.59 LPA | EY Parthenon, Microsoft |
| IIM Nagpur | 41+ | - | INR 31.54 LPA | Deloitte |
Placements 2023 Domain Wise
Nearly a third of the placed 2023 cohort, 29%, was hired into Consulting. Finance and Sales & Marketing followed, level with each other at 18% apiece.
| Domains | Number of Students Placed |
|---|---|
| Consulting | 29% |
| Finance | 18% |
| Sales & Marketing | 18% |
| IT, Analytics and Product Management | 16% |
Placements 2022 Salary Statistics
Pay tapered as the pool widened in 2022: the leading 100 students recorded a stronger average than the group of 200 that included them.
| Number of Students | Average Salary Offered |
|---|---|
| Top 100 Students | INR 37.95 LPA |
| Top 200 Students | INR 32.75 LPA |
Placements 2022 Domain Wise
A year earlier the sector mix looked much the same at the top. Consulting claimed 31% of the 2022 batch, and Finance took second place with 20%.
| Domains | Percentage of Students Placed |
|---|---|
| Consulting | 31% |
| Finance | 20% |
| Sales & Marketing | 18% |
| General Management, Ops & Others | 16% |
| IT / Analytics | 15% |
Placements 2022 Course Wise
Programme-level results for 2022, covering the PGP and IPM cohorts, are laid out in the sections that follow.
MBA Placements 2022
Recruiters numbering more than 200, 30 of them visiting for the first time, made offers to 572 PGP and IPM students. Domestically the strongest offer stood at INR 49 LPA, while an overseas role paid INR 70 LPA. Average pay for the batch worked out to INR 25.01 LPA and the median to INR 24.09 LPA, with hiring interest concentrated in Consulting and Finance.
| Particulars | Placement Statistics 2022 |
|---|---|
| Number of Students | 572 |
| Number of Recruiters | 200+ |
| First Time Recruiters | 30 |
| Highest International CTC | INR 70 LPA |
| Highest Domestic CTC | INR 49 LPA |
| Top 100 Students CTC | INR 37.95 LPA |
| Average CTC | INR 25.01 LPA |
| Median CTC | INR 24.09 LPA |
| Major Domains | Consulting & Finance |
| Top Recruiters | Accenture Strategy, BMW, Cisco |
Stretch the view to three cycles and the pattern holds: participating companies never dipped below 160, and the count of placed students varied only narrowly.
| Particulars | Placement 2022 | Placement 2021 | Placements 2020 |
|---|---|---|---|
| Number of Companies Participated | 200+ | 210+ | 160+ |
| Number of Students Placed | 572 | 579 | 522 |
| Highest Package | INR 49 LPA | INR 41.5 LPA | INR 50 LPA |
| Average Package | INR 25.01 LPA | INR 23.6 LPA | INR 22.92 LPA |
| Median Package | INR 24.09 LPA | INR 22.6 LPA | INR 22 LPA |
Executive MBA Placements 2022
The EPGP class had 57 members on its rolls, 4 of whom stayed out of the placement process. Recruiters put forward 57 roles in all. Top pay reached INR 70 LPA; the average worked out to INR 25.9 LPA and the median to INR 23.6 LPA. Hiring firms included Accenture, EY and Fareye.
| Batch | EPGP 2022 |
|---|---|
| Total Number of Students | 57 |
| Students opted out of Placements | 4 |
| Number of Roles Offered | 57 |
| Highest CTC | INR 70 LPA |
| Average CTC | INR 25.9 LPA |
| Median CTC | INR 23.6 LPA |
| Average CTC of Top 25% Students | INR 33.7 LPA |
| Average CTC of Top 50% Students | INR 31.3 LPA |
| Average CTC of Female Participants | INR 27.3 LPA |
| Top Recruiters | Accenture, EY, Fareye |
Because every participant landed an offer before the programme ended, the salary jump is measurable against pre-programme pay: 109% on average and 114% at the median. The recruiter list picked up 34 new companies during the same cycle.
| Particulars | Figures |
|---|---|
| New Recruiters | 34 |
| Increase in Highest CTC | 114% |
| Increase in Average CTC | 30% |
| Increase In Pay Post EPGP | 109% |
| Median Increase in Pay Post EPGP | 114% |
| Percentage of Students Secured Offers during Course Duration | 100% |
Neither batch size nor pay has moved in a straight line for this programme. The 37 students of 2020 formed the smallest group of the three years, and that year still produced the strongest single offer at INR 80 LPA.
| Particulars | Placement 2022 | Placement 2021 | Placements 2020 |
|---|---|---|---|
| Number of Companies Participated | 100+ | 100+ | 70+ |
| Number of Students Placed | 53 | 61 | 37 |
| Highest Package | INR 70 LPA | INR 32.76 LPA | INR 80 LPA |
| Average Package | INR 25.9 LPA | INR 19.99 LPA | INR 24.10 LPA |
| Median Package | INR 23.6 LPA | INR 19.75 LPA | INR 18.98 LPA |
PGP-HRM Placements 2022
Hiring for PGP-HRM 2022 came from a pool of over 20 companies. Against an average of INR 20.3 LPA, the highest package stood at INR 36 LPA. Women in the batch averaged INR 20.8 LPA, ahead of the INR 19.6 LPA average recorded for men.
| Batch | PGP-HRM 2022 |
|---|---|
| Number of Recruiters | 20+ |
| Highest CTC | INR 36 LPA |
| Average CTC | INR 20.3 LPA |
| Median CTC | INR 24.09 LPA |
| Average CTC of Top 25% Students | INR 24.4 LPA |
| Average CTC of Top 50% Students | INR 22.6 LPA |
| Average CTC offered to Male Students | INR 19.6 LPA |
| Average CTC offered to Female Students | INR 20.8 LPA |
Summer Internship Placements 2024
Each of the past three intern cohorts has been paid better than the one before it. The 2024 drive drew 140 recruiters, 55+ of them new to the campus. Stipends peaked at INR 6 Lakhs, averaged INR 2.74 Lakhs and had a median of INR 2.7 Lakhs. Offers came from BCG, PwC, Amazon, Cipla, JSW, Reliance, VI, Microsoft, Deloitte and DE Shaw, among others.
| Batch | 2022 | 2023 | 2024 |
|---|---|---|---|
| Number of Recruiters Participated | 190+ | 150+ | 140 |
| New Recruiters | 70+ | 30+ | 55+ |
| Highest Stipend | INR 3.2 Lakhs | INR 4 Lakhs | INR 6 Lakhs |
| Average Stipend | INR 1.8 Lakhs | INR 2 Lakhs | INR 2.74 Lakhs |
| Median Stipend | - | INR 2 Lakhs | INR 2.7 Lakhs |
| Average Stipend of Top 100 Students | INR 2.95 Lakhs | INR 3.1 Lakhs | - |
| Average Stipend of Top 200 Students | - | INR 2.75 Lakhs | - |
| Top Recruiters | Cipla, JSW, Amazon | BCG, Deloitte, DE Shaw | Adani Group, Amway, Apollo Tyres |
Almost every stipend measure grew faster in 2024 than it had in 2023. Growth in the top figure came in at 50% as opposed to 25%, and the average gained 37% where the earlier year managed 11%.
| Particulars | 2024 | 2023 |
|---|---|---|
| Increase in Highest Stipend | 50% | 25% |
| Increase in Average Stipend | 37% | 11% |
| Increase in Median Stipend | 35% | 10% |
| Increase in Top 100 Stipend | - | 5% |
| Increase in Top 200 Stipend | - | 5% |
Where interns went also changed between the cohorts. BFSI, FMCG and assorted other industries took in much of the 2023 group, while the 2024 intake clustered into Consulting along with Sales & Marketing.
| Domains | 2024 | 2023 |
|---|---|---|
| Consulting | 25% | 25% |
| Finance | 16% | - |
| Sales & Marketing | 23% | - |
| Automotive | - | 7% |
| Manufacturing | - | 7% |
| FMCG | - | 15% |
| E-Commerce | - | 7% |
| BFSI | - | 17% |
| Healthcare | - | 4% |
| IT & Analytics | 15% | 14% |
| Others | - | 4% |
| Others | 21% | 4% |
Placements 2021 Sector Wise Analysis
At INR 45 LPA, the richest offer of the 2021 cycle came from Amazon. Volume hiring belonged to Cognizant, which picked up 28 students for Senior Associate and Senior Business Analyst positions. By headcount, Consulting took in the biggest share of the batch and Finance ranked next.
| Sectors | Number of Students Placed | Highest CTC Range |
|---|---|---|
| Consulting | 122 | INR 28-30 LPA |
| Finance | 84 | INR 29 LPA |
| Sales & Marketing | 30 | INR 24-30 LPA |
| General Management / Ops / HR | 40 | INR 28-45 LPA |
| IT / E-Commerce / Analytics | 70 | INR 25-30 LPA |
Consulting Sector Placements 2021
| Name of the Company | Roles Offered | No. of students Placed | CTC (LPA) |
|---|---|---|---|
| BCG | Sr Associate | 4 | 28-30 |
| Bain Capability Network | Associate | 6 | 14 |
| EY | Consultant | 16 | 20 |
| McKinsey | Jr Analyst, Consultant | 5 | 16-20 |
| Cognizant | Sr Associate, Sr BA | 28 | 13-20 |
| Deloitte | Consultant | 18 | 21 |
| Everest Group | Sr Analyst | 6 | 18 |
| GEP Consulting | Consultant | 7 | 20 |
| Infosys Management Consulting | Consultant | 8 | 14-15 |
| IQVIA | Consultant | 3 | 14-16 |
| Vector Consulting | Manager | 1 | 20 |
| Optum | Senior Product Analyst | 2 | 18-23 |
| PWC India | Consultant, Analyst, Associate | 15 | 12 |
| PWC US | Advisory | 1 | 20 |
| MXV Consulting | Consultant | 2 | 16 |
Finance Sector Placements 2021
| Name of the Company | Roles Offered | No. of students Placed | CTC (LPA) |
|---|---|---|---|
| Axis Bank | MT, Assistant Manager | 12 | 20 |
| Bank Of America | Manager - Trade Finance | 2 | 17.5 |
| Barclays | Senior Business Analyst | 1 | 14-18 |
| Credit Suisse | Market Risk Analyst | 5 | 15-18 |
| CRISIL | Consultant | 1 | 13 |
| DE Shaw | Analyst | 1 | 29 |
| Deutsche Bank | Corporate Banking Analyst, AVP | 8 | 18-20 |
| Fidelity | Product Analyst | 2 | 16-18 |
| Goldman Sachs | Investment Banking Analyst, Analyst | 9 | 22 |
| HDFC Bank | Management Associate | 1 | 15 |
| HSBC | Global Operations Graduate | 4 | 18 |
| ICICI Bank | Wholesale Banking, Product | 10 | 17.5 |
| IDFC First Bank | Sales, Product strategy | 7 | 18 |
| JPMC | Investment Banking Analyst (2-PPO) | 9 | 18 |
| Morgan Stanley | Investment Banking Analyst | 4 | 24 |
| Nomura | Analyst | 1 | 18 |
| SBI General Insurance | Management Trainee | 3 | 15 |
| State Street | Asst Manager | 4 | 18 |
Sales & Marketing Placements 2021
| Company | Role | No of students | CTC (LPA) |
|---|---|---|---|
| Asian Paints | Management Trainee | 3 | 22 |
| Bajaj Auto | Management Trainee | 2 | 22 |
| Cummins | Process Planning Manager | 2 | 16-18 |
| Diageo | Management Trainee | 3 | 15-20 |
| GSK | Management Trainee | 3 | 17-20 |
| Henkel | Distribution | 2 | 13.5 |
| HUL | Sales and Marketing | 3 | 24-30 |
| Hindware | Sales and Marketing | 0 | 12 |
| ITC | Sales and Marketing | 2-3 | 28 |
| Loreal | Associate | 1 | 22 |
| Marico | Management Trainee | 2 | 23-24 |
| MORE Retail | Management Trainee | 2 | 16 |
| Piramal | Management Trainee | 3 | 22 |
| Xiaomi | Management Trainee | 1 | 14-16 |
General Management / Ops / HR Sector Placements 2021
| Company | Role | No of students | CTC (LPA) |
|---|---|---|---|
| ACT Fibernet | Management Trainee | 2-3 | 20 |
| BlackBuck | Program Manager | 1 | 24 |
| Amazon | Product Manager, Consultant | 13 | 28-45 |
| Cipla | Brand Manager | 5 | 18 |
| Cummins | Process Planning Manager | 2 | 16-20 |
| JSW | Senior Sale Manager | 1 | 18 |
| Jubilant Foodworks | Management Trainee | 2 | 16 |
| L&T | Strategy, Planning, Analyst | 6 | 13 |
| Tata Steel | MT, Sales, Operations | 8 | 15.5 |
IT / E-Commerce / Analytics Sector Placements 2021
| Name of the Company | Roles Offered | No of students Placed | CTC (LPA) |
|---|---|---|---|
| Microsoft | Product Manager | 3 | 25-30 |
| American Express | Risk Analyst, MT | 16 | 23-28 |
| GE | DTLP | 1 | 20 |
| Genpact | Asst. Manager | 7 | 12 |
| MuSigma | Trainee Apprentice Leader | 1 | 8-11 |
| Fractal Analytics | Consultant | 3 | 21 |
| TCS | Consultant, Business Analyst | 12 | 12 |
| Wipro | Consultant, Pre Sales | 16 | 15 |
| Mahindra Comviva | Product Manager | 1 | 21 |
| Policy Bazaar | Management Trainee | 1 | 18 |
| Yes Bank | Program Manager | 5 | 18.5-22 |
| Tech Mahindra | GLC | 3-4 | 17-20 |
Alumni Network
Consulting firms, technology majors and banks employ large numbers of graduates from the institute. Amazon carries the biggest alumni contingent at 264.
| Name of the Company | Number of Alumni |
|---|---|
| Amazon | 264 |
| Deloitte | 236 |
| IIM Indore | 235 |
| Accenture | 212 |
| ICICI Bank | 211 |
| TCS | 176 |
| Cognizant | 171 |
| EY | 168 |
| American Express | 156 |
| 113 | |
| HDFC Bank | 97 |
| PwC | 91 |
| Capgemini | 90 |
| Flipkart | 77 |
| IRIS Annual Fest | 69 |
Placements FAQs
Ques. What salary levels did the 2022 placement drive produce?
Ans. An offer of INR 70 LPA stood as the maximum for that cycle, while the batch as a whole averaged INR 25.01 LPA.
Ques. How many firms visited the campus in 2022?
Ans. The count crossed 200, and among them 30 arrived as first-time recruiters.
Ques. Which domain accounted for most offers in 2022?
Ans. Most of the offers that season were split between the Consulting and Finance domains.
Ques. How much was offered to the Executive MBA batch of 2022?
Ans. Pay for EPGP 2022 averaged INR 25.9 LPA, and the single best package touched INR 70 LPA.
Ques. What did PGP-HRM students earn in 2022?
Ans. Their highest offer stood at INR 36 LPA, while the programme average settled at INR 20.3 LPA.
Ques. Which companies recruit most actively here?
Ans. Names appearing regularly include AB InBev, Microsoft, Google, KPMG, Amway and Accenture.
Ques. How were internship stipends structured for the 2023 cohort?
Ans. That cohort recorded an average stipend of INR 2 Lakhs, with the maximum going up to INR 4 Lakhs.
Ques. What was the recruiter turnout for the 2023 internship season?
Ans. Participation crossed 150 companies, a figure that included 30 first-time recruiters.
Ques. Where did the largest share of interns get hired?
Ans. Consulting headed the 2022 internship list at 22% of offers, and BFSI trailed it at 18%.
Ques. In what way has the average internship stipend changed lately?
Ans. An 11% rise in the monthly average was recorded over the 2021 to 2023 period, taking it to INR 4 Lakhs.
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