IIM Amritsar Placement 2023: Completes 100% Placement with 13% Rise in Average Salary at Rs.16.51 LPA; Accenture, Amazon, Cipla, Deloitte, Adani, BMW, Cognizant hire big

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Updated on March 1, 2023
IIM Amritsar has successfully completed 100% Placement 2023 for its 7th and large MBA 2021-23 batch. Average salary for the batch has gone up by 13% at Rs.16.51 LPA from Rs.14.63 LPA last year despite the economic slowdown. 120 companies participated in IIM Amritsar Placements 2023. Accenture, Amazon, Cipla, Deloitte, Adani, BMW, Cognizant were among the top recruiters
IIM Amritsar placement 2023

IIM Amritsar has yet again, successfully completed the final Placement 2023 for its 7th and large MBA 2021-23 batch. Not only it has broken its past record and surpassed the salary packages of its last batch, but despite the large batch size, the institute has also achieved 100% placement with much higher offers that many well established top MBA colleges have not been able to achieve.

Announcing the wrapping up the final placement 2023 for its 7th batch 2021-23, one of the 7 newest IIMs, IIM Amritsar has stated, “We're delighted to inform you that IIM Amritsar has once again scaled new heights and achieved 100% placements for its 7th MBA batch (21-23). The placement process saw the participation of an impressive number of first time and recurring organizations who offered record packages for our students.”

It may be noted that IIM Amritsar has started awarding MBA degree instead of Post Graduate Diploma to its students after the implementation of IIM Act 2017. IIM Amritsar has achieved an Average salary figure of INR 16.51 LPA which is an increase of 13% over last year. The Average for the top-quartile came out to INR 20.57 LPA.

IIM Amritsar witnessed participation of 120 leading corporates across domains and sectors like Aerospace, Analytics, Automobile, BFSI, FMCG/FMCD, Consulting, IT, Logistics, Oil & Gas, Retail and many more. 

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IIM Amritsar Placement 2023: Key Highlights

  • 100% Placement for the Large 7th Batch 2021-23
  • Average Salary up by 13% at Rs.16.51 LPA from Rs.14.63 LPA last year
  • Average salary for Top 25% students has gone up at Rs.20.57 LPA from Rs.18.54 LPA last year
  • Median Salary in Placement 2023 was Rs. 16 LPA
  • 120 Marquee Companies with several New companies participated in placement 2023
  • Top Recruiters include Accenture, Amazon, Cipla, Deloitte, Adani, BMW, Cognizant, EY, CRISIL, Godrej, KPMG, McKinsey, Reliance Retail, ZS Associates among others
  • Roles Offered include roles in Product Management, Consulting, Brand Management, Data Analytics, Digital Marketing, Operations, Equity Research, Risk & Financial Advisory, and Human Resource Management, among others.

IIM Amritsar Placement Trends: First Batch Onwards
This is the 7th passing out MBA batch of IIM Amritsar. The highlight of this year's placement was a good increase in the average package despite the large batch and the economy passing through a grim situation. A comparative analysis of IIM Amritsar placements since inception is detailed below:

Placement year
Highest salary (Rs.in lakhs)
Average Salary (Rs.in lakhs)
Placement 2023 (7th MBA 2021-23 Batch)
--
16.51
Placement 2022 (6th MBA 2020-22 Batch)
25.21
14.63
Placement 2021 (5th PGP 2019-21 Batch)
18.16
12.68
Placement 2020 (4th PGP 2018-20 Batch)
40
12.61
Placement 2019 (3rd PGP 2017-19 Batch)
21
12.20
Placement 2018 (2nd PGP 2016-18 Batch)
17
11.02
Placement 2017 (1st PGP 2015-17 Batch)
17
10.26

Top Recruiters
120 companies participated in IIM Amritsar Placement process 2023. Top recruiters making large number of offers and high salary packages include Adani, Adobe, Amazon, Arcesium, Accenture, ArcelorMittal, BMW, Cipla, Cognizant, CRISIL, Deloitte, EY, Blackrock, DS Group, Emami, Essar, EXL Services, Godrej & Boyce, House of TATAs, Kotak Mahindra Bank, KPMG, Kore.ai, McKinsey, Mercedes- Benz, Nippon Steel, Reliance Retail, Tiger Analytics, Times Group, TVS Motors, ZS Associates

New Recruiters
IIM Amritsar has witnessed participation of several reputed first-time recruiters, including ArcelorMittal Nippon Steel, Blackrock, DS Group, Emami, Essar, EXL Services, Godrej & Boyce, Kore.ai, McKinsey, Mercedes- Benz, Reliance Retail, Times Group, and TVS Motors, among others.

Top Sectors in IIM Amritsar Placements 2023
120 organizations participated in IIM Amritsar campus placements 2023 from various sectors like Aerospace, Analytics, Automobile, BFSI, FMCG/FMCD, Consulting, IT, Logistics, Oil & Gas, Retail and many more and offered roles in Product Management, Consulting, Brand Management, Data Analytics, Digital Marketing, Operations, Equity Research, Risk & Financial Advisory, and Human Resource Management.

IIM Amritsar is led by its Director, Dr. Nagarajan Ramamoorthy under whose guidance, IIM Amritsar has emerged as a leading business school and a preferred hub of management talent, which is evidenced in the consistent year-over-year growth in average CTC with growing list of reputed recruiters.

IIM Amritsar Placement 2022: Key Highlights

  • 100% Placement for Large Batch of 228 students
  • Average Salary up by 15.38% at Rs.14.63 LPA in Placement 2022 from Rs.12.68 LPA last year
  • Average salary for Top 25% students has gone up at Rs.18.54 LPA from Rs.15.94 LPA last year
  • Highest Salary goes up by 38.82% at Rs.25.21 LPA from Rs 18.16 LPA last year
  • 110 Marquee Companies including 50 New companies made 230 offers to the large 6th MBA batch
  • Top Recruiters include Accenture, Amazon, Cipla, Deloitte, Adani, Birlasoft, BMW, Cognizant, Dell, EY, HCL, Tech Mahindra, TresVista, Xiaomi, Genpact, HDFC Bank, ICICI Bank, HSBC, LetentView, Reliance Retail, TATA Capital, TVirtusa, ZS Associates, Zycus among others

Participation of IIM Amritsar students in case competitions also made a worthy contribution to this year’s tally of high placements. Teams from IIM Amritsar achieved podium place in prestigious national-level competitions such as Hero Campus Challenge 7.0, Flipkart WiRED, GMC, Mi Summit 3.0, Valuation Olympiad (Global Banking Challenge, London), VIP GEAR, which resulted into a good number of PPOs/PPIs.

Top Recruiters in Placement 2022
110 companies participated in IIM Amritsar Placement process 2022. This included 50 New companies. Top recruiters making large number of offers and high salary packages include Accenture, Amazon, AU Small Finance Bank, Cipla, Crompton Greaves, Deloitte, Adani Group, Birlasoft, BMW, Cognizant, Dalmia Bharat, Dell, Digit Insurance,  DHL, DTDC, EY, Gartner, HCL, ICICI Lombard, IndiaMART, Infosys, iQuanti, Polycab, Tech Mahindra, TresVista, Xiaomi, Everest Industries, Genpact, HDFC Bank, Holcim Group, ICICI Bank, Kotak Mahindra Bank, Novartis, Of Business, Ola Electric, Schneider Electric, HSBC, LetentView Analytics, Porter, Reliance Retail, TATA Capital, Tiger Analytics, Tredence Analytics, VIP Industries, Virtusa, ZS Associates, Zycus among others

50 New Recruiters
IIM Amritsar has added around 50 new companies to its family of recruiters. This includes many stalwarts in their respective sectors like Acuity Knowledge Partners, Adani Group, Birlasoft, BMW, Cognizant, Dalmia Bharat, Dell, Digit Insurance, Everest Industries, Genpact, HDFC Bank, Holcim Group, ICICI Bank, Kotak Mahindra Bank, Novartis, Of Business, Ola Electric, Schneider Electric, HSBC, LetentView Analytics, Porter, Reliance Retail, TATA Capital, Tiger Analytics, Tredence Analytics, VIP Industries, Virtusa, ZS Associates, Zycus, etc.

Despite the copious challenges and vicissitudes posed by the changing landscape of the job market and education in 2021-22, IIM Amritsar clinched a befitting conclusion to the academic year 2021-22 by achieving 100% final placements for its MBA06 batch. MBA 2020-22 is a diverse batch at IIM Amritsar. The batch comprises high ratio of students with work experience from few months to three-four years in different domains and sectors. Less than 50% students are freshers.

IIM Amritsar started operation in 2015 with 45 students in its 1st batch. The second batch at IIM Amritsar with 104 students was the largest among all the newest IIMs. Since then the batch size of IIM Amritsar has been rising consistently. Again the 7th batch at IIM Amritsar is largest amongst seven newest IIMs which started operation in 2015 and 2016. The successful completion of Placement 2022 and 2023 for the 6th & 7th large batches at IIM Amritsar reflects its industry and corporate acceptability.

IIM Amritsar is the 15th Indian Institute of Management set up by the Ministry of Human Resources Development with the support of Government of Punjab in 2015. The permanent campus of the  institute is being set up under the direction and mentorship of IIM Kozhikode.

Stay tuned to MBAUniverse.com for more updates on IIM Amritsar