IIM Jammu Placement 2024: Completes 100% Placement with 6% Dip in Average Salary at Rs.15.48 LPA; Cognizant, HCL, Deloitte, Wipro among Top Recruiters

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SK Aggarwal
SK Aggarwal
Editor, MBAUniverse.com
Updated on June 13, 2024
IIM Jammu has completed final Placement 2024 for the 7th MBA 2022-24 batch with 6% dip in Average Salary which has gone down at Rs.15.48 LPA from Rs.16.50 LPA last year. Highest salary too has gone down at Rs.31.75 LPA from Rs.64 LPA last year. There were 130 recruiters making offers to 244 students in Placement 2024. BNY Mellon, Cognizant, HCL, Deloitte, Wipro, Zycus among others emerged as top recruiters
IIM Jammu Placement 2024

IIM Jammu has completed 100% placements 2024 for its 7th large MBA batch 2022-24 with sharp dip in highest salary which has gone down at Rs.31.75 LPA in Placement 2024 from Rs.64 LPA last year. Average salary has also gone down by 6% at Rs.15.48 LPA from Rs.16.50 LPA last year. The youngest of 20 IIMs, IIM Jammu witnessed 130 companies in placement 2024 making job offers to 244 MBA students. IIM Jammu has recorded more placement offers per student for its diverse 7th batch in terms of academics, work experience, and ethnicity.

In a scenario when most B-schools are facing adverse impact of Economic Slowdown in their placements, IIM Jammu too has been affected by this phenomenon with a dip in its Average, and Highest salary for the 2022-24 batch. IIM Jammu has started conferring MBA degree instead of diploma after implementation of IIM Act 2017 which empowered the IIMs to award MBA degree. 

IIM Jammu Placements 2024 Vs Other 3rd Generation IIMs Placements 2024
Out of the third generation 7 IIMs which started operation in 2015-2016, only IIM Bodh Gaya, IIM Jammu and IIM Visakhapatnam are the three IIMs who have completed placements for 2022-24 batch. All the three of them have registered dip in average salary which is more for IIM Bodh Gaya at 13% than for IIM Jammu and IIM Visakhapatnam at 6%. Most other IIMs are also witnessing downward trend in placement packages. A comparative analysis of IIM Jammu Placements 2024 Vs other IIMs’ Placements 2024 is given below:

NIRF Ranking 2023 IIMs  MBA Average Salary 2024 Increase or Decrease in Average Salary in Percentage
# 29 IIM Visakhapatnam Completed, Check IIM Visakhapatnam Placements 2024 Report. - 6 % Drop
# 41 IIM Jammu 15.48 LPA - 6% Drop
# 51 IIM Amritsar Not Completed --
# 53 IIM Bodh Gaya Completed, Check IIM Bodh Gaya Placements 2024 Report. -13% Drop
# 58 IIM Sambalpur Not Completed  
#43 IIM Nagpur Not Completed  
# 98 IIM Sirmaur Not Completed  

Status as on June 11, 2024  

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IIM Placements 2024: Third Generation IIMs (Baby IIMs) Average Salary Trends for last four years
An interesting observation from the data is that while IIM Jammu and IIM Visakhapatnam have seen 6% dip in average salary, IIM Bodh Gaya has seen 13% dip in average salary.

NIRF Ranking 2023

Baby IIMs

Average Salary 2021 (Rs LPA)

Average Salary 2022 (Rs LPA)

Average Salary 2023 (Rs LPA)

Average Salary 2024
(Rs LPA)

Increase or Decrease in
Average Salary in Percentage

# 29

IIM Visakhapatnam

12.62

14.6

16.61

15.61

-6%

# 41

IIM Jammu

10.34

13.53

16.50

15.48

-6%

# 51

IIM Amritsar

12.68

14.63

16.51

Not Completed

--

# 53

IIM Bodh Gaya

  9.92

12.36

16

13.9

-13%

# 58

IIM Sambalpur

11.21

12.64

16.64

Not Completed

--

#43

IIM Nagpur

13.21

14.94

16.74

Not Completed

--

# 98

IIM Sirmaur

  9.60

12.74

14.45

Not Completed

--

Status as on June 11, 2024

However, proving its mettle and braving the economic slowdown situation, IIM Jammu has successfully concluded the final placements for the batch of 2022-24, keeping intact its legacy of 100% placement record over the years.

IIM Jammu Placement 2024: Key Highlights
IIM Jammu is creating a strong presence in the industry and has brought a fresh perspective to the table being the fast growing IIM. Key highlights of IIM Jammu Placements 2024 are:

  • MBA 2022-24 Batch size increased to 244 students
  • Completes 100% Placements
  • Average Salary dips by 6% at Rs.15.48 LPA in Placement 2024 from Rs.16.43 LPA last year
  • Highest Salary goes down by more than half at Rs.31.75 LPA in Placement 2024 from Rs.64 LPA last year.
  • Median Salary goes down at Rs.15 LPA from Rs.15.25 LPA last year
  • Number of Recruiters in placement 2024 goes down to 130 from 135 last year
  • Number of new recruiters are 50
  • The MBA Batch 2022-2024 has 46 Female and 198 Male students
  • Top Recruiters include BNY Mellon, Cognizant, HCL Technologies, Infosys, Aditya Birla Capital, Axis Bank, Havells, ICICI Bank, Capgemini, Deloitte, Wipro, Zycus among others

IIM Jammu Placement Trends: Analysis
IIM Jammu is one of those IIMs and other prominent MBA colleges who have not missed any placement season. Right from its first batch passing out in 2018, all the batches have got suitable placement offers with high salary packages and marquee companies participating in placements year after year. Analysis of key placement trends of IIM Jammu for all the 7 MBA batches is shared below:

IIM Jammu MBA Batch
Average Salary (Rs. In Lakhs)
Highest Salary (Rs. In Lakhs)
No. of Recruiters
Batch 2022-2024
15.48
31.75
130
Batch 2021-2023
16.43
64.00
135
Batch 2020-2022
13.53
32.00
119
Batch 2019-2021
10.34
32.00
121
Batch 2018-2020
10.64
24.50
  84
Batch 2017-2019
  9.40
20.00
  77
Batch 2016-2018
10.15
32.00
 51

Top Recruiters
In all there were 130 recruiters including 50 new companies, making offers to the 244 students of 7th batch at IIM Jammu. Prominent recruiters at IIM Jammu include BNY Mellon, Cognizant, Zycus, ICICI Bank, Deloitte, Axis Bank, IDBI Bank, Mahindra & Mahindra, HCL Technologies, Infosys, Aditya Birla Capital, Havells, Capgemini, Wipro along with several others

IIM Jammu Placement

Source: IIM Jammu 

IIM Placements 2024: Check Placement Report, Average and Highest Salary Package

Diverse Roles Offered in Placement 2024
IIM Jammu students were offered diverse roles in placement 2024 by the 130 companies. The key profiles offered included Equity Analyst, Consultant, Product Manager, Cluster Head, AGM Marketing, Supply Chain Analyst among others. Students have secured roles in domains like Analytics, Consulting, and Strategy in addition to roles in Marketing, Finance, and Operations.

IIM Jammu Sector wise placements 2024
IT/ITES & BFSI emerged as the most sought-after sectors, with more than 50 percent of the students opting for the companies in these sectors. Sector wise split of IIM Jammu placements 2024 is shared below:

Placement Sector
Percentage Share in Placements
IT/ITES
31.9%
BFSI
20.3%
Consulting
  6.5%
Manufacturing
10.9%
Automobile, E-Commerce & Logistics
  7.2%
FMCG
  8.7%
Others
 14.5%

IIM Jammu MBA Placements 2024: Function Wise Offers
Key functions and domains in which IIM Jammu students were placed include Sales & Marketing, Consulting & Analytics, Finance, HR, PM among others. Sales & Marketing witnessed maximum placements with 49% students opting for this domain. Function wise split of placements is shared below:

Function Domain
Percentage of Placements
Marketing/Sales
48.9%
Consulting & Analytics
16.3%
Finance
13.3%
Product Management
  5.9%
HR
  3.0 %
Others
12.6%

IIM Jammu Placements 2024 for MBA HA & HM Programme
IIM Jammu has also completed placements 2024 for its MBA Hospital Administration & Health Care Management 2022-24 batch. Key highlights of MBA HA&HM Placements 2024 are:

IIM Jammu Placement 2024: MBA HA & HM 2022-24 Batch
Key highlights of IIM Jammu MBA HA & HM Placements 2024 are:

  • MBA 2022-24 Batch size: 45 Students
  • Average Batch Work Experience: 11.8 Months
  • Batch Profile: 35 Male and 10 Female
  • Highest Salary for the batch: Rs.32 LPA
  • Average Salary for the Batch: Rs.14.01 LPA
  • Median Salary for the Batch: Rs.13 LPA
  • Top Recruiting Sector: IT & Consulting with 43.18 % share, followed by Pharmaceuticals & Hospitals with 39% share in placements
  • Top Recruiting Functions & Domains: Marketing/Strategy 18.18% followed by Consulting at 18% and Operations at 18% share
  • Number of Companies: 56 Recruiters participated in placement 2024
  • Top Recruiters include Carelon, Cognizant, Napier, Harmony United, KareXpert, HDFC Life, Hexaware, Sterling Hospitals, Red Health among others

iim jammu

Among the newest IIMs, IIM Jammu was the last IIM to launch operation. While other IIMs started operation in 2015, the first batch of IIM Jammu was launched in 2016. At present IIM Jammu is among the fastest growing IIMs and its batch size is consistently growing. IIM Jammu is operating from the Govt. College of Engineering & Technology, Old University Campus, Canal Road, Jammu. Permanent campus of IIM Jammu is coming up at Jagti, Nagrota Road, Jammu (15 kms from Airport on NH 33) over an area of 200 acres. The total covered area will be approximately 115800 sq. mtrs (as per the DPR) and is expected to be operative from 2024-25.

Indian Institute of Management Lucknow is the mentoring IIM of IIM Jammu. In the past IIM Lucknow has mentored three other IIMs- IIM Rohtak, IIM Kashipur and IIM Sirmaur. The overall design, quality & delivery of MBA course at IIM Jammu, is to the standards & with direct involvement of IIM Lucknow.

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