IIM Indore Placement 2022: Average Salary Up by 6% at Rs.25.01 LPA; Consulting Top Recruiting Domain, 180 Companies Make Offers to Large Batch of 572 Students

MBAUniverse.com News Desk |
January 17, 2022
Beating the Covid pandemic situation, the Triple Crowned IIM Indore has completed 100% final placement 2022 recording 6% rise in average salary which has gone up at Rs.25.01 LPA from Rs. 23.6 LPA from last year. Highest Salary is Rs.49 LPA. 572 students of 2 Years PGP and 5 years IPM got offers from 180 marquee recruiters from diverse sectors and offering diverse roles. Consulting emerged as the biggest recruiting domain with 31% share
IIM Indore placement 2022

Indian Institute of Management (IIM), Indore has successfully completed final placement 2022 for its 572 participating students from the 2 Year flagship Post Graduate Program (PGP) 2020-22 and 5-year Integrated Program in Management (IPM) 2017-22 program. Despite all the pandemic situation and economic slowdown, IIM Indore has registered a 6% rise in average salary which has gone up at Rs.25.01 lakhs per annum in placement 2022 from Rs. 23.6 lakhs per annum last year while the average salary of the top 100 students of the batch has gone up at Rs.37.95 LPA from Rs. 33 LPA last year. Highest Salary stood at Rs.49 LPA in Placement 2022 as against Rs. 41.5 LPA last year.

On completion of final placement 2022 as early as in January 2022, many months before the completion of the programme, Prof. Himanshu Rai, Director, IIM Indore, said “At IIM Indore, our endeavor is to be a contextually-relevant business school with world-class academic standards. We seek to combine both scale and quality, faith in each other, trust in togetherness. The conviction and commitment of the institute have helped the institute grow over the past years. The exceptional placement drive we witnessed this year is a result of our constant efforts and hard work.”  

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IIM Indore Placement 2022: Key Highlights

  • Achieves again 100% Placement for the large batch of 572 students
  • IIM Indore conducted Placement 2022 both for 2 Years PGP and 5 years IPM batch
  • Average Salary goes up by 6% at Rs.25.01 LPA in placement 2022 from Rs.23.60 LPA last year
  • Average salary of the top 100 students of the batch has shot up at Rs.37.95 LPA from Rs. 33 LPA last year
  • Average Salary of top 200 students has gone up at Rs. 32.75 LPA
  • Median Salary in Placement 2022 has gone up by 6.6% reaching at Rs.24.09 LPA
  • Highest Salary has gone up at Rs.49 LPA in placement 2022 from Rs. 41.50 LPA last year
  • 180 Marquee Recruiters including 30 first time recruiters participated in Placement 2022
  • Consulting, Finance, Sales & Marketing recruit 69% of the batch
  • Top Recruiters include Accenture, Avalon, Bain & Company, BCG, Deloitte, E&Y, Infosys, KPMG, McKinsey, PWC, Aditya Birla, Bajaj Auto, BMW, Cisco, L'Oreal, Marico, Samsung, Tata Steel, Titan, Whirlpool, Xiaomi

The final placement drive at IIM Indore was conducted for the batch of 2020-22 for its flagship Post Graduate Programme (PGP) and five years Integrated Program in Management (IPM). In spite of the Covid-19 pandemic, the recruiters showed continued faith in the Institute. More than 180 organizations offered roles in various domains.

IIM Indore Placement Trends: Analysis of Last 5 Years
IIM Indore has surpassed the previous year’s performance, witnessing an higher average and median salary with 100% Placements. More than 180 recruiters, which include 30 first time recruiters, showed interest in hiring for several roles across multiple sectors for both the Post Graduate Programme as well as the 5-Year Integrated Programme in Management. Consulting, Finance, Sales & Marketing remained the most preferred domains.

5 Years Placement Trends                                           

(Rs. in lakhs)

Average salary
Highest Salary (Domestic)
Highest Salary (International)
Rs.25.01 LPA
Rs.49.00 LPA
Rs.23.60 LPA
Rs.41.50 LPA
Rs.56.80 LPA
Rs.22.92 LPA
Rs.50 LPA
Rs.20.79 LPA
Rs.40.50 LPA
Rs.89.25 LPA
Rs.18.17 LPA
Rs.33.04 LPA
Rs.63.45 LPA

Top Recruiters
With its excellent pool of talent available with high business acumen, IIM Indore has been one of the preferred hiring destinations for top recruiters in the country.

More than 180 recruiters participated in the IIM Indore Placements 2022. Some of the top recruiters include  Accenture, Avalon, Bain & Company, BCG, Deloitte, E&Y, Infosys, KPMG, McKinsey, PWC, Aditya Birla, Bajaj Auto, BMW, Cisco, L'Oreal, Marico, Samsung, Tata Steel, Titan, Whirlpool, Xiaomi, Avendus, Barclays, Credit Suisse, CRISIL, D.E. Shaw, Deutsche Bank, Goldman Sachs, HDFC Bank, HSBC, ICICI Bank, Indus Valley Partners,  JP Morgan Chase & Company, Marsh, Morgan Stanley, Nomura, Piramal Group, Yes Bank,  Amazon, Capgemini, Cipla, Cognizant, EXL, General Electric, Google, HUL, IBM, Walmart, Wipro,  Axis Bank, Indus Towers, Jindal Steel, Kotak Mahindra Bank, L&T, Mahindra, Max Life Insurance, Reliance Industries Limited, Tech Mahindra among others

Large Batch with 572 Students
IIM Indore has the largest batch strength across all IIMs. It also stands apart in terms of the diversity of the candidates. The gender diversity at IIM Indore is the best among all other comparable colleges at more than 40% of the batch comprising female candidates. All the female candidates got excellent offers in the top companies.

Domain Wise Placements
Consulting, Finance, Sales & Marketing were the most sought after domains among the many roles that were offerd

iim indore

Consulting: 31% Offers from top recruiters
IIM Indore hosted coveted recruiters from the consulting domain including Accenture Strategy, Acuvon Consulting, Avalon Consulting, Bain & Company, Boston Consulting Group, Deloitte, Everest Group, Eversana, Ernst & Young, Infosys Management Consulting, KPMG, McKinsey & Company, Michael Page, PriceWaterhouseCoopers, Redseer Consulting, Synergy Consulting, Thoucentric Consulting, Vector Consulting, which recruited 31% of the batch.

Finance: 20% Offers from top recruiters
Finance comprised 20% of the total placement offers at IIM Indore. A wide variety of roles ranging from investment banking and corporate banking to private equity and equity research were offered by top recruiters in the finance domain such as Avendus Capital, Bank of America, Barclays, Credit Suisse, CRISIL, D.E. Shaw, Deutsche Bank, Finezza, Goldman Sachs, HDFC Bank, HSBC, ICICI Bank, Indus Valley Partners, Jana Small Finance Bank, JP Morgan Chase & Company, Lincoln International, Marsh, Morgan Stanley, Nomura, Pashupati Capital, Piramal Group, StateStreet, Yes Bank.

Sales & Marketing: 18% Offers from top recruiters
Sales & Marketing was also most sought-after domain in IIM Indore placement 2022. Companies like Aditya Birla Fashion & Retail Limited, Asian Paints, Bajaj Auto, BMW, Cisco, Country Delight, Dabur, Diageo, Grasim Paints, GSK Pharma, Hero MotoCorp, Hexaware, L'Oreal, Marico, More Retail, MX Player, Samsung, Tata Steel, Titan, Whirlpool, Xiaomi made multiple offers to the candidates.

IT/Analytics: 15% Offers from top recruiters
IT/Analytics domain has made 15% contribution in placement offers in IIM Indore placement 2022. Top recruiters include Amazon, American Express, Angel One, Axtria, Capgemini Chrysalis, CarDekho, Cipla, CityMall, Cognizant, EXL, General Electric, Google, Hevo Data, Hindustan Unilever, IBM, IQVIA, Jio Platforms, Joveo, JustDial, MagicBricks, MakeMyTrip, Matrimony, Merilytics, MIQ Digital, NPCI, Optum, Paytm, PharmEasy, PhonePe, Playsimple Games, Shopee, Spinny, Unacademy, Walmart, Wipro, ZebPay.

General Management, HR, Operation: 16% Offers from top recruiters
General Management, HR, and Operations roles were extended by reputed firms like ACT Fibernet, Amway, Axis Bank, Baker Hughes, Biocon, BlackBuck, Capgemini ELITE, Garena, Indus Towers, Jindal Steel Works Limited, Kotak Mahindra Bank, L&T, Mahindra, Max Life Insurance, OfBusiness, OYO, Reliance Industries Limited, Salesforce, Tech Mahindra, Times Internet, Udaan among others.

IIM Indore PGP-HRM Placements 2022
IIM Indore has also completed the placement for its 2020-2022 batch of Post Graduate Programme in Human Resource Management (PGP-HRM). The Final Placement of the PGPHRM Batch of 2022 reached to even greater heights this year by registering a record average CTC of 20.4 LPA which is a 12.1% jump over the last year. Key highlights of the placement 2022 for IIM Indore PGP-HRM are:

IIM Indore PGP-HRM Placement 2022: Key Highlights

  • Batch size: 35 Students participated in Placement 2022
  • Total Recruiters: 20+ Companies made offers to 35 students
  • Average Salary: Rs. 20.4 LPA – Registered a hike of 12.1% over last year
  • Highest Salary: Rs.36.4 LPA
  • Average Package for Top 10%: Rs.25.25 LPA
  • Average Package for Top 25%: 23.25 LPA
  • Top Recruiters: Hero Fincorp, ICICI Bank, Kotak Mahindra Bank, Tata AMC, Bristlecone, Capgemini, IBM, Galadari Brothers, Dubai; DCM Shriram; GAIL, Crompton Graves among others

Roles Offered
IIM Indore graduates were offered roles across various domains in HR. From the BFSI domain Hero Fincorp, ICICI Bank, Kotak Mahindra Bank, and Tata AMC recruited in large numbers in the virtual placement drive. IT/ITES sector stood second with participation from Bristlecone, Capgemini, IBM, and Searce. Prominent recruiters in the Manufacturing domain included Lohia Corp and Haber.

Conglomerates like Galadari Brothers, Dubai and DCM Shriram took part in the placement drive. GAIL, Allcargo Logistics, Crompton Graves, Jasper Colin Research, and People Business were among the other prominent recruiters.

Established in 1996, IIM Indore is the 6th in the family of Indian Institutes of Management. Since its inception, IIM Indore has been acting as a leader in the field of management education, interfacing with the industry, government sector and PSUs.

IIM Indore is the second IIM and business school in India to have achieved the Triple Crown consisting of the AACSB, AMBA & EQUIS accreditations. Ranked 6th in the Govt of India, MHRD, NIRF rankings 2021, and 4th in India in QS rankings, IIM Indore became the fourth IIM and fifth Indian business school to be included in the top 100 list on the FT Global MBA Ranking 2021. In the recently released MBAUniverse.com Ranking 2022, IIM Indore has occupied 7th position.

In placement 2022, industry response was extremely favorable, given the achievements of IIM Indore. Increased hiring was witnessed from both marquee recruiters and a large number of new recruiters offering roles in the final placements.

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

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