IIM Bodh Gaya Placement 2023: Completes 100% Placement for Largest Batch of 200 Students; Average Salary Up by 33% at Rs.16 LPA; AXIS, BNY, ICICI Bank, Kotak Mahindra, Deloitte among top Recruiters

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MBAUniverse.com News Desk |
February 14, 2023
IIM Bodh Gaya has completed 100% Placement 2023 for its 7th and largest ever MBA 2021-23 batch of 200+ students with a 33% rise in average salary which has gone up at Rs.16 LPA. With more than 100% Rise, the highest salary has gone up at Rs. 48.58 LPA from Rs.23.83 LPA last year. 70 companies participated in the final placement process from across sectors and industries like BFSI, consulting, FMCG, IT & services, IT & Analytics, e-commerce, manufacturing among others
IIM Bodhgaya placement 2023

IIM Bodh Gaya has successfully completed 100% final Placement 2023 for its 7th and largest ever MBA batch 2021-23 comprising 200+ students with 33% rise in average salary and more than 100% rise in highest salary beating the slow down. Total 70 recruiters participated in IIM Bodh Gaya Placements 2023 and showed their interest in selecting candidates from the institute's flagship MBA program. While the average salary has gone up at Rs.16 LPA from Rs. 12 LPA last year, the highest salary has more than doubled at Rs.48.58 LPA from Rs.23.83 LPA last year.

Despite an increase in the batch size to 200+ students for 2021-23 batch from last year 184 students in 2020-22 batch, IIM Bodh Gaya placement 2023 recorded sharp increase in highest, average and median salary. This is a testament to the diverse program being offered that combines academic rigor, industry-wide association, and the young institute's thrust for excellence.

The Companies from across the sectors and industries like BFSI, consulting, FMCG, IT & services, IT & Analytics, e-commerce, and manufacturing are among the major recruiters. On successful and 100% placement 2023 achieved by IIM Bodh Gaya, Dr. Vinita Sahay, Director, IIM Bodh Gaya said, “Keeping in line with a rising domestic economy, the BFSI sector emerged as the largest employer, extending close to 50 per cent of the total offers. All the major banks, insurance firms, and fintech firms like Axis Bank, BNY Mellon, HDFC Bank, HSBC Bank, ICICI Bank, ICICI Securities, ICICI Prudential, IDBI Bank, Kotak Mahindra Bank, SBI Capital, Fincare SFB, Spice Money and Yes Bank participated in the final placement process and 97 offers were made to the graduating batch.” 

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IIM Bodh Gaya Placement 2023: Key Highlights

  • Completes 100% Placement 2023 in a record time for the largest batch
  • Average Salary Up by 33% at Rs.16 LPA in Placement 2023 from Rs.12 LPA last year
  • Highest Salary Up by more than 100% at Rs.48.58 LPA in Placement 2023 from Rs.23.83 LPA last Year
  • Median Salary Up by 30% at Rs.15.25 LPA in Placement 2023 from Rs.11.68 LPA last year
  • MBA 2021-23 Batch size increased to 200+ students from 184 students in last batch
  • Total Recruiters were 70
  • Top 25% offers average stood at Rs.21.82 LPA
  • Top 50% offers average stood at Rs.18.79 LPA
  • Top 75% offers average stood at Rs.17.08 LPA
  • Companies from BFSI, consulting, FMCG, IT & services, IT & Analytics, e-commerce, manufacturing and other sectors participated in IIM Bodh Gaya Placements 2023
  • Top Recruiters include Amazon, BNY Mellon, Deloitte, HCL, Infosys, ICICI Bank, Kotak Mahindra Bank, CRISIL, HDFC Bank among others

Key Placement Trends
The highlights of this year's placement were sharp increase in the average, highest and median package, more number of recruiters, more new recruiters, and largest ever batch size. Key Placement trends at IIM Bodh Gaya are given below:   

Placement Year
Average Salary (Rs. in Lakhs)
Highest Salary (Rs. in Lakhs)
2023
16.00
48.58
2022
12.00
23.83
2021
  9.92
17.30
2020
  9.57
16.25
2019
10.90
16.00

Top Recruiters
Out of  the 70 marquee companies, some of the top recruiters that hired big at IIM Bodh Gaya Placement 2023, include Axis Bank, BNY Mellon, HDFC Bank, HSBC Bank, ICICI Bank, ICICI Securities, ICICI Prudential, IDBI Bank, Kotak Mahindra Bank, SBI Capital, Fincare SFB, Spice Money, Yes Bank, Deloitte US, Tiger Analytics, Kantar Analytics Practice, Kore.ai Software, Factspan Analytics, Brillio, CRISIL, Accelalpha. The major IT & Services players included the likes of Sutherland Global, Bharti Airtel, CTS, Trinamix Inc, HCL Tech, iQuanti India, Infosys BPM, Zycus, Adobe Inc., Affinity, DemandFarm, and Park+, Adani Group, ArcelorMittal Nippon Steel India, Hindalco Industries, Mercedes-Benz, Crompton Greaves Consumer Electricals, Ultratech Cement, Maruti Suzuki India and DTDC, Amazon India, Bluestone, Haldirams, Reliance Retail, MoEngage, Porter among others,

Prof. Sabyasachi Mohapatra, Head the Career Development Cell at IIM Bodh Gaya, said “As an institute of national importance, we understand the sensitivity of the placement information, and hence, during the past years, we initiated the practice of auditing our placement reports to enable aspiring professionals and students make better and informed decisions while selecting our esteemed institute in their career building process. IIM Bodh Gaya’s placement reports are audited by an external agency and are prepared according to the Indian Placement Reporting Standards (IPRS) aimed at standardising the placement reports making them more transparent, analogous, and trustworthy for decision-making. IIM Bodh Gaya is only one of the six IIMs to follow the strict IPRS standards.”

Profiles & Roles Offered
The wide range of profiles which were offered in IIM Bodhgaya Placement 2023 include Management Trainee, Asstt Manager, Associate Manager, Analyst, Relationship/Development Manager, Sales Manager, Consultant among others.

Sectoral Placement
The participating firms spanned from Banking, BFSI, E-Commerce, FinTech, Consultancy, Manufacturing, Information technology (IT), Analytics, to Online Services, Real Estates, and EdTech. The students of IIM Bodhgaya MBA 2021-23 batch have been placed in a variety of sectors including BFSI, Consulting, General Management, Logistics, Manufacturing, IT, Analytics, Education, FinTech among others.

Not only IIM Bodh Gaya has surpassed its salary packages recorded last year, despite the largest batch size, this year there were more recruiters making offers and niche profiles to the students.

BFSI: 50% Share in Placement 2023
BFSI emerged as the largest recruiting sector with 50% placement offers. All the major banks, insurance firms, and fintech firms like Axis Bank, BNY Mellon, HDFC Bank, HSBC Bank, ICICI Bank, ICICI Securities, ICICI Prudential, IDBI Bank, Kotak Mahindra Bank, SBI Capital, Fincare SFB, Spice Money and Yes Bank participated in the final placement process and 97 offers were made to the graduating batch

Consulting, IT-Services and Analytics: 53 Offers Together
Consulting, IT-Services and analytics firms extended 53 offers altogether. The major recruiters in the consulting and analytics domain were Deloitte US, Tiger Analytics, Kantar Analytics Practice, Kore.ai Software, Factspan Analytics, Brillio, CRISIL, and Accelalpha. The major IT & Services players included the likes of Sutherland Global, Bharti Airtel, CTS, Trinamix Inc, HCL Tech, iQuanti India, Infosys BPM, Zycus, Adobe Inc., Affinity, DemandFarm, and Park+ to name a few.

Metals, Mining and Manufacturing: 30 Offers
The sectors like metals, mining and manufacturing offered more than 30 opportunities. The prominents recruiters included Adani Group, ArcelorMittal Nippon Steel India, Hindalco Industries, Mercedes-Benz, Crompton Greaves Consumer Electricals, Ultratech Cement, Maruti Suzuki India and DTDC.

IIM Bodh Gaya graduating 2021-23 batch also witnessed participation from e-commerce, FMCG, and market research firms like Amazon India, Bluestone, Haldirams, Reliance Retail, MoEngage, and Porter in placement 2023.

IIM Bodh Gaya Mentored by IIM Calcutta
IIM Bodhgaya is mentored by Indian Institute of Management Calcutta. Apart from IIM Bodh Gaya faculty, the faculty members from IIM Calcutta are delivering courses at IIM Bodhgaya. The overall design, quality and delivery of PGP is of the standards and with direct involvement of IIM Calcutta

The classes of IIM Bodhgaya are conducted in the transit campus of the Magadh University’s Directorate of Distance Education (DDE) building. 90 hostel rooms at IIM Bodhgaya have been provided for accommodation. Apart from flagship MBA programme, IIM Bodhgaya also offers MBA Digitial Business Management; MBA Hospital and Healthcare Management; 5 year Integrated Programme in Management (BBA+MBA) and PhD in Management.

Being one of the new generation IIMs, IIM Bodh Gaya was founded in the winter of 2015 as the 15th IIM, under the mentorship of IIM Calcutta, the oldest IIM in the country. IIM BodhGaya, right from its inception, has meticulously followed its mentor's footsteps. IIM Bodh Gaya fosters a culture and curriculum with the purpose to create socially responsible managers and emotionally mature leaders. IIM Bodh Gaya saw eternal growth in its corporate associations even when the entire procedure was held virtually.

In a short span of time, IIM Bodh Gaya has strengthened its position in the corporate world, with its students already working in commendable positions. Apart from the conventional classroom setup, the pedagogy at IIM Bodh Gaya lays much emphasis on practical learning. Students are encouraged to take up various industry-based research projects which are subjected to evaluation by the faculty. A dynamic curriculum in consonance with academics and industry experts provides the students with the opportunities to master new skills and explore diverse perspectives. IIM Bodhgaya employs the case study method in order to give insights into the real world dynamics that render compelling opportunities amidst onerous settings.

Students are exposed to extensive practical learning along with the basic concepts across various domains of MBA like Marketing, Operations, HR, and Finance through various quizzes, assignments, live projects, interactive sessions, and examinations. In the second year, there are a diverse range of electives which the IIM BG students can choose based on their key areas of interest. IIM Bodh Gaya’s educational curriculum aims to equip the students with an essence of management skills to help them navigate through the modern business environment across the globe.

The Director of IIM Bodh Gaya Dr. Vinita Sahay, is very optimistic on the holistic development of IIM Gaya and proposes to make it an international B-school in the coming years. The permanent campus of IIM Bodhgaya is being built at Magadh University Campus on 119 acres of land. With state-of-the-art classrooms, boys and girls hostel, knowledge database, sports amenities, library, IIM Bodh Gaya promises to be the future of business education, preparing young graduates to become assets to the industry and the society.

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