IIM Indore Student Gets Rs.1.14 Cr Domestic Salary Package; Completes 100% Placement 2023 with 21% Rise in Average Salary at Rs. 30.21 LPA; 160 Companies Make Offers to Large Batch of 568 IPM and MBA Students

Indian Institute of Management (IIM), Indore has successfully completed 100% final placement 2023 for its large batch of 568 participating students from the 2 Year flagship Post Graduate Program (PGP) 2021-23 and 5-year Integrated Program in Management (IPM) 2018-23 program. Despite the challenges posed due to unfavourable macroeconomic conditions, IIM Indore placement season 2023 witnessed an overwhelming success, with over 160 recruiters rolling out offers to 568 students from the two-year Post Graduate Programme (PGP) and five year Integrated Programme in Management (IPM).

In a first, IIM Indore student has registered the highest domestic package offered at Rs. 1.14 crores per annum, witnessing an exponential rise of 132.6% from the previous year. The average compensation offered too, this year has registered 20.8% increase and has gone up at Rs.30.21 LPA in placement 2023 from Rs.25.01 LPA last year. The median compensation has also gone up by 12.9% at Rs.27.20 LPA as compared to Rs.24.09 LPA last year.

On successful completion of final placement 2023 with high salary packages and offers from top recruiters as early as in March 2023, Prof. Himanshu Rai, Director, IIM Indore, said ““We at IIM Indore have always been steadfast in strengthening our industry engagement by providing world-class management education and delivering sustainable value to our stakeholders. This is evidenced by the stellar placements secured by our students in the face of challenging times. This unwavering trust demonstrated by our recruiters has bolstered our confidence in our ability to meet the demanding and ever-evolving requirements of the future we are heading towards. We look forward to deepening our industrial relations by creating socially-conscious leaders imbued with the ability to empower and inspire others.”  

IIM Indore has been consistently recognized as one of the premier management institutions and is honoured with the Triple Crown accreditation from AMBA, AACSB, and EQUIS, a distinction enjoyed only by three Indian B-schools. Serving as a testimony to the institute’s stature in management and research, IIM Indore has achieved a position in the FT Rankings Top 100 under the Global MBA category.

IIM Indore has been a favourite destination for recruiters and its relentless pursuit of excellence in academic endeavours elicit recruiter interest and enthusiasm. This year too, a diverse blend of firms extended offers across a breadth of domains, such as Consulting, Finance, General Management, HR and Operations, IT, Analytics and Product Management, and Sales & Marketing.

IIM Indore Placement 2023: Key Highlights

• Achieves again 100% Placement for the large batch of 568 students
• IIM Indore conducted Placement 2023 both for 2 Years PGP and 5 years IPM batch
• Highest Domestic Salary has broken previous records with 132.6% rise
• In Placement 2023, Highest Domestic Salary has gone up at Rs.1.14 Cr Per Annum from Rs.49 LPA last year
• Average Salary goes up by 20.8% at Rs.30.21 LPA in Placement 2023, from Rs.25.01 LPA last year
• Median Salary in Placement 2023 has gone up by 12.9% at Rs.27.20 LPA from Rs.24.09 LPA last year
• 160 Recruiters including 80 first time recruiters participated in Placement 2023
• Consulting with 29% offers emerged as top Recruiting domain
• Top Recruiters include Accenture, Bain & Company, BCG, Deloitte, E&Y, GEP, HCL Tech, Infosys, Kearney, KPMG, McKinsey, PwC, Axis Bank, Bank Of America, Barclays, CITI Bank, Credit Suisse, Goldman Sachs, HDFC Bank, ICICI Bank, JSW, Kotak Mahindra Bank

The final placement drive at IIM Indore was conducted for the batch of 2021-23 for its flagship Post Graduate Programme (PGP) and five years Integrated Program in Management (IPM).

IIM Indore Placement Trends: Analysis
IIM Indore has surpassed the previous year’s performance, witnessing an 132% spurt in highest salary, 21% in average salary and 13% in median salary with 100% Placements. More than 160 recruiters, which include 80 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)

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 160 recruiters with 80 new recruiters participated in the IIM Indore Placements 2023. Some of the top recruiters include  Accenture, Acuvon, Aspect Ratio, Avalon, Bain & Company, Boston Consulting Group (BCG), Deloitte, Everest Group, Ernst & Young, GEP, HCL Tech, Infosys Consulting, Kearney, KPMG, McKinsey & Company, MXV Consulting, PwC India, PwC US Advisory, RedSeer Consulting, Samagra, Vector Consulting, Axis Bank, Bank Of America, Barclays, BlackRock, CITI Bank, Credit Suisse, D.E. Shaw, Delhivery, Deutsche Bank, DISYS, Edelweiss, Goldman Sachs, HDFC Bank, Houlihan Lokey, ICICI Securities, ICRA, IDFC First Bank, IIFL Wealth & Asset Management, IndigoEdge, JP Morgan Chase & Co., Lincoln International, Nomura, o3 Capital, Piramal Alternatives, SBI Capital, Stakeboat Capital, Standard Chartered, TVS Capital funds, AB InBev, Asian Paints, Atomberg Technologies, Bajaj Auto, CavinKare, Dr. Reddy's Laboratories, Everest Industries, Haleon, Hero MotoCorp, HUL, IBM, Infosys Ltd, ITC, Johnson & Johnson, L&T Technology Services, Lodha Group, PepsiCo, Reckitt, ReNew Power, Samsung, TAFE, Tolaram, VOIS, Amazon, American Express, Axtria, Capgemini Chrysalis, CarDekho, Carwale, Cognizant, Dolcera, Equitas Small Finance Bank,       Exide Industries, EXL Analytics, GE, LatentView Analytics, MakeMyTrip, Media.net, Merilytics, Microsoft, Newzera Tech, Ola, Optum, Publicis Sapient, QBurst, RateGain, Samsung, Societe Generale, TATA Communications, Walmart, Aarti Industries, Adani Group, Aditya Birla Fashion & Retail, African Industries Group, Alkem Laboratories, AM/NS, Biocon, Bira 91, BLS International, Capgemini E.L.I.T.E, Cipla, Country Delight, CRISIL, DCM Shriram, EXL, Flipkart, Genpact, Hexaware, Hitachi Payment Services, HSBC Technology India, ICICI Bank, Indegene, Jindal Steel and Power, Jio Platforms, JSW, Kotak Mahindra Bank Limited, Mahindra & Mahindra, Menon and Menon, Mphasis, Nation with NaMo, OfBusiness, PhonePe, Piramal, Power Finance Corporation, Reliance Industries Limited, Salesforce, Sobha Realty, Syngene International, TATA AIA, TATA Motors, TATA Steel, Tech Mahindra, Trident Group, Turtlemint, Vedanta Limited, Willis Towers Watson, Wipro, WNS, Xanadu Realty Limited among others

New Recruiters at IIM Indore Placements 2023
In placements 2023, IIM INdore forged ties with 80+ new recruiters, including Aarti Industries, Adani Group, African Industries Group, Alkem Laboratories, AM/NS, Ambit Capital, Bira 91, BlackRock, CavinKare, CITI Bank, DCM Shriram, Delhivery, DISYS, Dolcera, Edelweiss Alternative Asset Advisors, Exide Industries, EXL Analytics, EY Parthenon, Genpact, Haleon, HCL Tech, Houlihan Lokey, ICRA, IIFL Wealth & Asset Management, Indegene, IndigoEdge, Kearney, LatentView Analytics, Mphasis, Nation With NaMo, Newzera Tech, o3 Capital, Ola, Piramal Alternatives, Publicis Sapient, Reckitt, ReNew Power, Samagra, Samsung, Societe Generale, Stakeboat Capital, Standard Chartered, Syngene International, TAFE, TATA AIA, TATA Communications, TATA Motors, Tolaram, Trident Group,  TVS Capital Funds, Willis Towers Watson, and WNS.

Large Batch with 568 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 about 40% of the batch comprising female candidates. All the female candidates got excellent offers in the top companies.

Sectoral Representation of Companies
Consulting, Banking, Financial Services and Insurance (BFSI), and Technology, Media & Telecommunications (TMT) sectors saw the highest participation, accounting for over three-fourths of the total offers. IIM Indore also had the privilege to host prestigious firms across other prominent sectors such as Conglomerate, Construction & Real Estate, Consumer Goods, E-commerce, Healthcare, Logistics & Manufacturing, and Utilities & Renewables.

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

Consulting: 29% Offers from top recruiters
Consulting has always been the most integral part of placements at IIM Indore. The trend has repeated itself this year as well. 29% of the batch attracted offers from eminent firms such as Accenture Strategy, Accenture Tech Consulting, Acuvon Consulting, Aspect Ratio, Avalon Consulting, Bain & Company, Boston Consulting Group (BCG), Deloitte India, Deloitte USI, Everest Group, Eversana, Ernst & Young, EY Parthenon, GEP Worldwide, HCL Tech, Infosys Consulting, Kearney, KPMG, McKinsey & Company, MXV Consulting, PwC India, PwC US Advisory, RedSeer Consulting, Samagra, and Vector Consulting.

Finance: 18% Offers
With 18% of the total offers, IIM Indore continued to deepen its foray into the finance space, witnessing participation from reputed firms, including Ambit Capital, Axis Bank, Bank Of America, Barclays, BlackRock, CITI Bank, Credit Suisse, D.E. Shaw, Delhivery, Deutsche Bank, DISYS, Edelweiss Alternative Asset Advisors, Goldman Sachs, HDFC Bank, Houlihan Lokey, ICICI Securities, ICRA, IDFC First Bank, IIFL Wealth & Asset Management, IndigoEdge, JP Morgan Chase & Co., Lincoln International, Nomura, o3 Capital, Piramal Alternatives, SBI Capital, Stakeboat Capital, Standard Chartered, and TVS Capital Funds.

Sales & Marketing: 18% Offers
In the Sales & Marketing domain, enthusiastic participation was witnessed from leading recruiters, including AB InBev, Asian Paints, Atomberg Technologies, Bajaj Auto, CavinKare, Dr. Reddy's Laboratories, Everest Industries, Haleon, Hero MotoCorp, HUL, IBM, Infosys Ltd, ITC, Johnson & Johnson, L&T Technology Services, Lodha Group, PepsiCo, Reckitt, ReNew Power, Samsung, TAFE, and Tolaram, which rolled out offers to 18% of the batch.

IT, Analytics & Product Management: 16% Offers
16% of the batch secured offers in IT, Analytics and Product Management with participation from notable recruiters, including _VOIS, Amazon, American Express, Axtria, Capgemini Chrysalis, CarDekho, Carwale, Cognizant, Dolcera, Equitas Small Finance Bank, Exide Industries, EXL Analytics, GE, LatentView Analytics, MakeMyTrip, Media.net, Merilytics, Microsoft, Newzera Tech, Ola, Optum, Publicis Sapient, QBurst, RateGain, Samsung, Societe Generale, TATA Communications, and Walmart.

General Management, HR, Leadership, Operations: 19% Offers
19% of the batch received offers in General Management, HR, Leadership and Operations from Aarti Industries, Adani Group, Aditya Birla Fashion & Retail, African Industries Group, Alkem Laboratories, AM/NS, Biocon, Bira 91, BLS International, Capgemini E.L.I.T.E, Cipla, Country Delight, CRISIL, DCM Shriram, EXL, Flipkart, Genpact, Hexaware, Hitachi Payment Services, HSBC Technology India, ICICI Bank, Indegene, Jindal Steel and Power, Jio Platforms, JSW, Kotak Mahindra Bank Limited, Mahindra & Mahindra, Menon and Menon, Mphasis, Nation with NaMo, OfBusiness, PhonePe, Piramal, Power Finance Corporation, Reliance Industries Limited, Salesforce, Sobha Realty, Syngene International, TATA AIA, TATA Motors, TATA Steel, Tech Mahindra, Trident Group, Turtlemint, Vedanta Limited, Willis Towers Watson, Wipro, WNS, and Xanadu Realty Limited among others.

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 pioneer in launch of 5 year Integrated Program in Management after class 12, leading to award of graduation and post graduation (MBA) degree.

IIM Indore is the second IIM and business school in India to have achieved the Triple Crown consisting of the AACSB, AMBA & EQUIS accreditations. IIM Indore is Ranked 7th in the Govt of India, MHRD, NIRF rankings 2022. In the recently released MBAUniverse.com Ranking 2023, IIM Indore is ranked # 8 among top B-schools in India.

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