IIM Bangalore Placement 2022: Average Salary Up by 17% at Rs.33.82 LPA; Wraps Up 100% Placements in Two Days for Large Batch of 513 Students; Accenture, BCG, Kearney hire big

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MBAUniverse.com News Desk |
July 26, 2022
IIM Bangalore completed final placement for the class 2022 in two days early this year for the large batch of 513 students getting 662 offers marking an increase of 37% in number of offers from marquee companies. The salary data, released now reflect 17% rise in average salary which has gone up at Rs.33.82 LPA. Consulting emerged as the top recruiting segment with 248 offers. Accenture, Boston Consulting Group, Kearney, Bain & Company, McKinsey & Company rolled out large number of offers
IIM Bangalore Placement 2022

IIM Bangalore Placement 2022 witnessed higher salary packages than last year with a rise of 16.7% in average salary for the large batch of students. The Placement 2022 for the large batch of 513 students of PGP and PGP-Business Analytics was completed in just two days with 37% rise in number of offers. 662 placement offers were rolled out to 513 students by the marquee companies from across all sectors and domains. Placement 2022 at IIM Bangalore included both Lateral and Final Placements for the PGP and PGPBA class of 2022. IIM Bangalore did not share the salary data for the placement 2022 at the time of completion of placement process and as per the practice, the placement salary data was released by IIM Bangalore later on its website.

Consulting with 248 offers emerged as the top recruiting domain in IIM Bangalore placements 2022. Accenture with 51 offers, followed by Boston Consulting Group with 30 offers, Kearney with 27 offers, Bain & Company with 26 offers, McKinsey & Company with 22 offers were among the top recruiters.

On the successful completion of Placements 2022, Professor U Dinesh Kumar, Chairperson, Career Development Services, IIM Bangalore, said, “We placed largest batch at IIMB within a shortest time. I wish we had more students to supply to the market which is looking for high quality talent.” 

IIM Bangalore Placement 2022: Highlights
IIM Bangalore conducted final placement 2022 virtually, both for recruiters and students in view of the Covid-19 pandemic situation. Key highlights in IIM Bangalore Placements 2022 are

  • Average Salary goes up by 17% at Rs.33.82 LPA in Placement 2022 from Rs. 28.98 LPA last year
  • Median Salary in Placement 2022 stood at Rs.31.20 LPA
  • Placement 2022 got over in 2 days with 100% placement offers
  • 37% Increase in Placement offers
  • Large Batch Size of 524 students
  • 11 Students Opted out
  • 513 students got 662 offers
  • 137 top recruiters participated in Placement 2022
  • Pre Placement Offers (PPO) made 273
  • PPOs Accepted: 181
  • International Placement offers: 6
  • With 248 offers, Consulting emerged as top recruiting domain. Accenture was the top recruiter with 51 offers
  • Top recruiters included Accenture, BCG, Kearney, Bain & Company, McKinsey, Microsoft, RPG Group, Goldman Sachs, Avendus Capital, EY, HUL among others

Dr. Roopa Adyasha, Senior Manager, Career Development Services, said: “The hiring cautiousness, exhibited earlier by recruiters during the pandemic, seems to have transformed into a new wave of optimism, enthusiasm and a growth mindset for organizations across all industries and sectors. This has resulted in all the students of IIMB being placed by end of Day 1 of the placement week. The entirely virtual process was seamlessly managed and it is indeed gratifying to see this stupendous success.”

IIM Bangalore Placements 2022: Key Trends
This year the placement process witnessed the participation of 513 students at IIM Bangalore. See key trends in placement offers during last six years at IIM Bangalore:

IIM Bangalore Placement year
Number of students participating in placement
Number of placement offers made by companies
Placement 2022
513
662
Placement 2021
431
481
Placement 2020
432
518
Placement 2019
488
411
Placement 2018
462
420
Placement 2017
450
411

Source: MBAUniverse.com Research & Analysis

IIM Bangalore Placement 2022 Salary Data
Apart from consistently achieving 100% placements in a short time of two days, the placement compensation packages at IIM Bangalore are on the rise year after year. The placement 2022 salary data, as released by IIM Bangalore after completion of audit and previous salary data for IIMB Placements are shared below   

IIM Bangalore Placement Year
Placement 2022
Placement 2021
Placement 2020
Average Salary (Domestic)
Rs.33,82,000
Rs.28,98,000
Rs.26,18,000
Average Salary (International)
--
----
Rs.32,10,000
Median Salary (Domestic)
Rs.31,20,000
Rs.28,60,000
Rs.25,00,000
Median Salary (International)
--
--
Rs.26,00,000

Source: IIM Bangalore Placement Reports

Sectoral Placement at IIM Bangalore
IIM Bangalore students of class 2022 were recruited broadly in Consulting, Finance, IT, E-commerce, Sales & Marketing, General Management, Analytics and Operations areas. Consulting like last year has again emerged as the largest recruiting sector with 248 offers. Harsh Agrawal, Placement Representative, said: “IIMB witnessed yet another successful placement season with increase in offers across all sectors, capitalizing on favourable market conditions. Overall, there has been a 37% increase in the number of offers YoY, driven primarily by Consulting and Product Management roles. Strategy Consulting continued to be the most sought-after role among the students, followed by Product Management and Finance.”

Detailed analysis of Sectoral placement 2022 at IIM Bangalore is shared below.

Consulting: Biggest Recruiting Domain with 248 Offers
Consulting companies emerged as the top recruiting sector in IIM Bangalore placement 2022.

Consulting Company
No. of offers made
Accenture
51
Bain & Company
26
McKinsey & Company
22
Boston Consulting Group
30
PricewaterhouseCoopers
  9
Kearney
27
KPMG
  8
Tata Consultancy Services
  9
Ernst & Young
  9
Alvarez & Marsal
  7
Arthur D. Little 
  7
Deloitte; Infosys Consulting; KPMG; Strategy&
  5 each
Auctus Advisors; Oliver Wyman; 
4 each
IBM consulting; EY-Parthenon Singapore
1 each
Other consulting firms
19

IT & Product Management: 141 Offers
Prominent recruiters in the Information Technology and Product Management domain, who made 141 offers are 

IT Sector Company
No. of offers made
Microsoft
15
OYO
11
Amagi Labs; Oracle
  7 each
Atlassian; Google; Info Edge; Razorpay 
  6 each
Angel One; Jio Platforms; UHG Optum 
  4 each
Adobe; Brane Enterprises; Clear; Unacademy; Zomato
  3 each
Cisco; Eightfold AI; Nykaa; PhonePe; Sprinklr
  2 each
Others
 40

Finance: 71 Offers
IIM Bangalore students received 71 offers in Finance domain. Top recruiters in this domain include:

Finance Domain Company
No. of Offers
Goldman Sachs
22
Kotak Mahindra
  5
Avendus Capital; Citibank
  7
Citibank; Deutsche Bank; Kotak Mahindra
  5 each
Rothschild; Premji Invest; Lincoln International
  2 each
Axis Bank
  3
Bank of America; Barclays
  1 each
Others
 14

E-Commerce: 65 Offers
In e-commerce space, all the leading companies made lucrative offers to IIM Bangalore students:

E-Commerce company
No. of offers made
Amazon
37
Paytm
16
Flipkart
  6
Myntra
  6

Conglomerates: 52 Offers

Conglomerates recruited for their leadership tracks making 52 offers in General Management positions

Company
No. of offers made
RPG Group
10
Natwest Group
  9
Vedanta
  5
ABG; CK Birla Group; TAS
  3 each
Adani Group
 2
Capgemini ; Machani Group; Emaar Group; True North
 1 each
Others
13

Sales & Marketing: 40 Offers
Major consumer companies rolled out 40 offers to IIM Bangalore students. Top recruiters in this domain with number of offers include:

Companies
No. of offers
HUL
6
Asian Paints
4
Samsung
3
Dr Reddy’s Laboratories; ITC; Nykaa; Pidilite
2 each
Anheuser-Busch InBev; Colgate Palmolive;, Disney-Star; Johnson & Johnson; Lenovo; Marico; Nestle; Procter & Gamble; Tata Sky; Thermo Fisher; Titan; Wipro Consumer Care
1 each
Others
7

Operations: 13 Offers
Some of the top recruiters offered roles in Operations. They include:

Flipkart
5
Ola
4
Microsoft
3
WNS Global services
1

Analytics: 32 Offers
Ten offers were made by marquee companies in analytics sector to IIM Bangalore students. Key recruiters are:

Comapanies
No. of offers
American Express
 17
EXL
 12
Flipkart
   3

Many companies made pre placement offers in the range of one to four PPOs

Strong Placements for 1st MBA Analytics Batch 2020-22
MBA program in Business Analytics was introduced by IIM Bangalore in 2020, and the first batch is graduating in 2022. Number of top companies made placement offers to the students of IIM Bangalore Business Analytics programme

 Comapanies
No. of offers
American Express
 5
Accenture; Goldman Sachs;  McKinsey and Company;
 4 each
Kearney
 3
EY; Microsoft; Paytm; Oracle
 2 each
ADL; Adobe; Allegro Capital; Alvarez and Marsal; ANZ; BCG; Cashfree; EXL Service; Kotak Mahindra; OLA; Uber; Wells Fargo 
 1 each

IIM Bangalore is an autonomous, standalone management school and not part of any university. It was established in 1973 by the Government of India through the creation of an IIMB Society which is the legal entity behind the institution. The school works within the national policy guidelines established by the Ministry of Human Resource Development, Government of India. It is amongst the top management schools in India and Asia according to several rankings. IIMB has been re-accredited by European Quality Improvement System (EQUIS).

IIM Bangalore is the first B-School in Asia to sign an agreement with Harvard Business Publishing (HBP) to distribute faculty teaching cases. IIMB has also entered into a partnership with Richard Ivey School of Business to co-brand and distribute faculty-authored cases globally.

The industry reinstated its faith in IIM Bangalore as past recruiters along with new recruiters took part in the placement process 2022. The unique feature in the process was the diversity of profiles offered to the students which gave them a good choice in terms of industry and the role.

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

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