IIM Raipur Placement 2023: Completes 100% Placement with 19% Hike in Average Salary at Rs.21.04 LPA; Highest International Salary at Rs.67.60 LPA

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Updated on November 3, 2023
IIM Raipur has completed 100% placement 2023 with 19% hike in average salary which has gone up at Rs.21.04 LPA in 2023 from Rs.17.73 LPA Last year, while highest international salary has gone up at Rs.67.60 LPA, and highest domestic salary is up at Rs.43.43 LPA from Rs.42.15 LPA. 107 recruiters participated in the process and made offers to the large 2021-23 batch of 255 students. BFSI has emerged as largest recruiting sector with 32% share in Placements.
IIM Raipur Placement 2023

107 Companies from varied domains reinstated their belief in IIM Raipur, owing to the diversity in academic background and work experience of the students. Backed by strong industrial relations, the placement season of 2023 for PGP batch 2021-23 witnessed an overwhelming participation from previous recruiters along with a host of new recruiters vying for some of the country’s best minds at IIM Raipur despite the grim Covid pandemic situation and economic slowdown. The students of IIM Raipur have been successful in attracting industry stalwarts indicated by the variety of offers secured.

The Indian Institute of Management Raipur has successfully completed 100% Final Placements for its PGP 2021-23 batch. The participating batch of students witnessed over 107 recruiters taking part in the campus recruitment process. The students were offered various coveted roles in the areas of Finance, Sales and Marketing, Strategy & Consulting, Operations, General Management and HR.

IIM Raipur students registered 19% growth in average salary and sharp hike in highest salary. Demonstrating a well-balanced distribution of recruiting, the offers were spread out across diverse sectors such as BFSI, Strategy and Consulting, IT/ITES, Manufacturing, FMCG/FMCD, and E-Commerce among others.  On the successful completion of placements despite the larger batch and pandemic situation, Prof Ram Kumar Kakani, Director, IIM Raipur said, “We were able to diversify our recruiting base into all sectors of the economy. The offers are well spread out across sectors with Consulting, Banking Financial Services & Insurance Sector (BFSI), Manufacturing, IT/ITES, Analytics, Education, Advertising, and Healthcare accounting for most of the offers.” 

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IIM Raipur Placement 2023: Highlights

  • Legacy of 100% Placement
  • Students Registered for Placement: 255
  • Students Placed: 255
  • Average Salary up by 19% at Rs.21.04 LPA in 2023 from Rs.17.73 LPA last year
  • Median Salary goes up by 20% at Rs.20 LPA in 2023 from Rs.16.95 LPA last year
  • Highest International Salary is Rs.67.60 LPA
  • Highest Domestic Salary goes up at Rs.43.43 LPA in 2023 from Rs.42.15 LPA last year
  • Average Salary for top 25% Students up at Rs.28.25 LPA in 2023 from Rs. 24.01 LPA last year
  • Average salary for top 50% Students up at Rs.24.77 LPA in 2023 from Rs.21.02 LPA last year
  • 107 Total Recruiters
  • BFSI recruited 32% students and emerged as Top Recruiting Sector
  • Top Recruiters Include Accenture, Cognizant,  IBM, ICICI Bank, Infosys, L&T, LatentView, Mindtree, Mu Sigma, TAS, Tech Mahindra, TresVista, Vedanta, Xiaomi, Yes Bank, Deloitte, E&Y, Genpact, HCL Technologies

IIM Raipur Placement Trends
The large batch size at IIM Raipur was no deterrent in final Placement 2023. On the contrary IIM Raipur witnessed its regular recruiters coming back alongwith new recruiters among 107 recruiting companies who participated in Placement 2023. The institute continues to ride high on its strong relationship with the corporate, with organizations from different sectors expressing interest in recruitment. The batch of 2021-23 consisted of students from diverse academic backgrounds and work experience. The future leaders have proved their mettle at every opportunity presented to them.

IIM Raipur Placements 2023 Analysis: Salary Trends
IIM Raipur has witnessed consistently high salary offers in each placement season and the placement records of IIM Raipur have steadily improved in the last five-six years. The outgoing batch of 2021-23 is no exception to it.  Below is shared last seven years analysis of salary trends in campus placements:

Placement year
Average Salary (Rs.in Lakhs)
Highest Salary (Rs. in Lakhs)
21.04 67.60 (Intl); 43.43 (Domestic)

IIM Raipur Placements at a Glance
The chart below reflects the IIM Raipur key placement trends from 2018 to 2022 with average salary, highest salary and top 25 and 50 percentile salary trends

IIM Raipur placement

Source: IIM Raipur

Top Recruiters
107 recruiters showed interest in the final placement process in 2023. The highlight of the season was the participation of new recruiters with whom the institute anticipates building a sustainable relationship. The Institute’s legacy of being a preferred destination for the corporate for talent acquisition, continues to be the characteristic feature of the fast-growing IIM Raipur.

Some of the top recruiters who made offers in IIM Raipur Placement 2023 include Accenture, Amara Raja Group, Anand Rathi, Ashirvad Pipes, Asian Paints, Axis Bank, BYJU'S, ClearTax, Cognizant Deloitte USI, DishTV, DS Group, Ernst & Young, Forsys Software, Genpact, HCL Technologies, Hero Motocorp, Hindware, IBM, ICICI Bank, ICICI Prudential, IndiaMart, Infosys, L&T, LatentView, Mindtree, Mu Sigma, Royal Enfield, TATA Advanced Systems, TATA AIG, Tata Elxsi, TATA Steel, Tech Mahindra, TresVista, TVS, Vedanta, Virtusa, Xiaomi, Yes Bank among others

Sector -Wise Placement
IIM Raipur was able to diversify its recruiting base into all sectors of the economy in placement 2023. The offers are well spread out across sectors with Banking Financial Services & Insurance Sector (BFSI), IT/ITES, Consulting, Manufacturing among others.

The highest number of students (32 percent) were recruited in the Banking Financial Service and Insurance (BFSI) sector with an average CTC and maximum CTC of Rs 21.02 LPA and Rs 32.50 LPA, respectively, followed by IT/ITES which was the second-highest (23 percent) recruiting sector with Rs 21.29 LPA as average and a maximum CTC offered at Rs 43.43 LPA. Key sectors in which placements are made with salary packages at IIM Raipur are shared below:

Percentage of Students Placed
Average Salary
Highest Salary
Rs.21.02 LPA
Rs.32.50 LPA
Rs.21.29 LPA
Strategy & Consulting
Rs.19.64 LPA
Rs.32.21 LPA
Rs.21.78 LPA
Rs.67.60 LPA
Rs.22.39 LPA
Rs.62.00 LPA
Rs.19.55 LPA
Rs.25.50 LPA

IIM Raipur recruitments show a good variety in the offers made concerning different functions. IIM Raipur effectively retained all the major recruiters with many new recruiters joining in for campus placements.

IIM Raipur Awards MBA Degree Instead of Diploma
After implementation of IIM ACT 2017, IIM Raipur has started conferring MBA degree to its students of flagship 2 years PGP programme instead of Post Graduate Diploma. The PGP Batch 2021-23 at IIM Raipur is also awarded MBA degree. It will help the passing out students to explore higher education opportunities in International Universities who require MBA degree in place of diploma. 

IIM Raipur: Diverse Batch
Coming from varied backgrounds, the PGP batch at IIM Raipur comprises of students from various disciplines and has a broad range of work experience across diverse industries. The college has seen an increase in the number of recruiters, adding to the several reputed brands associated with the institute which shows the trust and faith that the organizations have bestowed upon the quality of IIM Raipur. The academic rigor, enthusiasm, discipline & business acumen of the candidates have ensured that IIM Raipur maintained its position as the most sought- after campus for the future corporate leaders.

IIM Raipur was set up by the Government of India, Ministry of Human Resource Development in 2010 at Raipur, the capital of Chhattisgarh. Chhattisgarh is one of the fastest growing states of India with its rich mineral, forest, natural and local resources. IIM Raipur has shifted to its new campus located over 200 acres of land allotted to it by the Government of Chhattisgarh at Naya Raipur. The new campus is a state-of-the-art campus presenting a blissful mix of modern architecture, culture & heritage of Chhattisgarh

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