IIM Kashipur Placement 2023: Average Salary up by 19% at Rs.18.11 LPA; 120 Companies Made 320 offers

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SK Aggarwal
SK Aggarwal
Editor, MBAUniverse.com
Updated on April 15, 2023
IIM Kashipur has concluded 100% final Placement 2023 successfully for MBA and the MBA (Analytics) 2021-23 batch with 19% rise in Average salary which has gone up to Rs.18.11 LPA from Rs.15.21 LPA. Highest domestic salary has gone up by 28% at Rs. 37 LPA from Rs.28.82 LPA last year. 120 marquee recruiters participated in final Placement 2023 making 320 placements offers to students
IIM Kashipur Placement 2023

For the 12th consecutive year, IIM Kashipur has concluded successfully 100% final placement for the MBA 2021-23 batch and the second MBA(Analytics) 2021-23 batch at its campus as early as on 10th January 2023, making it the fastest placement season to ever close off with the highest package of Rs 37 LPA. The average CTC of the batch 2021-23 stands at Rs.18.11 LPA with a YOY growth of 19%. The median CTC is 17.2 LPA with a YOY growth of 16% while the highest CTC stands at 37 LPA with 28% growth over the previous year. IIM Kashipur goes through an independent audit for both summer and final placement reports as per IPRS standards. IIM Kashipur is one of the few IIMs following IPRS to prepare and report placement data.

Beating and belying the global impact of Corona Virus pandemic, IIM Kashipur witnessed participation from 120 esteemed organizations in placement 2023, offering 320 roles across various domains including IT & Analytics, BFSI, Consulting, Strategy, Sales and Marketing, Operations, HR among others.

Prof. Utkarsh, Chairperson, Placements and Corporate Relations, IIM Kashipur said, “IIM Kashipur is determined to develop strong corporate relations and placement opportunities for the students.  This year, we saw active participation by 120+ organizations extending a total of 320+ offers to the MBA and MBA (Analytics) batch of 2021-23. I would like to extend my warm gratitude to all the corporate organizations and recruiting partners for shaping this success story and anticipate fruitful synergies in the coming times.”

Despite the larger batch size, IIM Kashipur has proved that it is not the least achiever and stands among top IIMs as it is one of the most preferred campus for placements by recruiters. Among the 6 new IIMs who started operation in 2010-11, IIM Kashipur is at par in securing high pay packages in  placements over the years. 

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IIM Kashipur Placement 2023: Highlights

  • Legacy of 100% Placement
  • Total Recruiters in final Placement 2023: 120+
  • Placements offers made: 320
  • Average Salary increased by 18% at Rs.18.11 LPA in Placement 2023 from Rs.15.21 LPA last year
  • Median Salary has gone up by 16% at Rs.17.20 LPA in 2023 from Rs.14.82 LPA last year
  • Highest Salary has gone up by 28% at Rs.37 LPA in 2023 from Rs.28.82 LPA last year
  • Average Salary for Top 10% Batch up at Rs.28.5 LPA
  • Average Salary for top 20% Students up at Rs.25.9 LPA
  • 50+ New Recruiters
  • Top Recruiters Include Accenture, Cognizant,  Deloitte, HCL Technologies, ICICI Bank, Infosys, L&T, Mindtree, Mu Sigma, CRISIL, ZS Associates

In line with the final placements, IIM Kashipur observed a similar trend in the summer recruitment drive for the batch of 2022-24. The Summer Placement Season for batch 2022-24 also concluded on March 28th, 2023. 

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

Key Placement Trends
The batch size of MBA 2020-22 students has increased manifold. Placement trends during last six years at IIM Kashipur are as under:

Placement year
Average Salary  (Rs.in Lakhs)
Highest Domestic Salary (Rs.in Lakhs)

Top Recruiters
There were 120 companies, including 50+ new recruiters coming for campus recruitments at IIM Kashipur in Placement 2023. The recruitment drive witnessed several new organizations joining the list of esteemed recruiters such as HashiCorp, EXL Analytics, Royal Bank of Scotland, Nomura, MTR Group, with a coterie of recruiters. The IT and BFSI sector were the major recruiters. In total, 200+ organizations participated in the summer and final placements, and 50+ new organizations recruited IIM Kashipur students this year.

IIM Kashipur witnessed the empanelment of new recruiters like GSK, Maersk, Tiger Analytics, TATA Capital, HSBC, IOCL among others. this season along with long-term recruiting partners such as ICICI Bank, Shree Malani Foams, OfBusiness, PUMA, Reserve Bank of India and many more assisting IIM Kashipur summer placements

Some of the prominent recruiters in IIM Kashipur placements include Accenture, Cognizant,  Deloitte, HCL Technologies, ICICI Bank, Infosys, L&T, Mindtree, Mu Sigma, CRISIL, ZS Associates, E&Y, Futures First, HDFC Bank, RBL Bank,  CARE Ratings, IndiaMart, TresVista, TATA Advanced Systems, HFFC,  Genpact, ElasticRun, among others who made lucrative offers to the students with diverse roles.

iim kashipur

IIM Kashipur commenced operations from July 2011 with Post Graduate Programme in Management (PGPM), a two year full time residential programme. With the implementation of IIM Act 2017, the programme is now changed to MBA. The programme lays emphasis on all-round personality development and inculcates the values of leadership, entrepreneurship and integrity.

In 2020 IIM Kashipur launched 2 years full time MBA (Analytics) in view of the high demand for Management Graduates in Analytics. The first batch of MBA Analytics has been well placed with high salary packages from top companies. The faculty at IIM Kashipur represent the best mix of academic and industrial experiences.

In a span of 11 years, IIM Kashipur has emerged as a leading management institute. It has gone up at 23rd place under the NIRF Rankings 2022 from 33rd position in NIRF Rankings 2021, by Ministry of Human Resource Development, Government of India among top 125 management institutions.

IIM Kashipur handles different projects such as global practices in continuing legal education, MGNREGA. It has also established a Design and Innovation Centre by MHRD and agribusiness incubator by Ministry of Agriculture and Farmers’ Welfare. IIM Kashipur has also introduced Online Certificate Programmes in association with Talentedge, Safexpress, Safe Educate and Nulearn. The institute has international linkage with ALBA, Greece; Aalborg, Denmark; AIT, Bangkok; ESDES Lyon Business School, France and FPT School of Business, Vietnam. Recently IIM Kashipur has signed MOUs with Coller School of Management, Tel Aviv, ICPE, Slovenia and Woosong University, University of Salford.

IIM Kashipur is the first IIM outside the metropolitan cities and is located in one of the most densely industrialized regions in the country with over 180 industries having plants in and around the region. This places the Institute at a vantage point when it comes to ‘Learning by Doing’ via frequent industry interactions and live projects. IIM Kashipur believes in a strong industry connect and has invested in developing relationships with local industries.

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