IIM Udaipur Placement 2023: Average Salary Up by 14% at Rs.20.32 LPA; BFSI Top Recruiting Sector; Accenture, Amazon, Bain & Co, E&Y, JPMC Hire Big

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Updated on March 10, 2023
IIM Udaipur has completed 100% final placement 2023 for the large MBA 2021-23 batch with 301 students, seeking placements, and has also registered more than 14% jump in average salary which has gone up at Rs.20.32 LPA placing IIMU in the club 20 LPA Average salary B-schools. Highest salary in IIMU Placement 2023 has gone up at Rs. 36 LPA. Three students have got international placement offers. BFSI emerged as top recruiting sector. Detailed report will be released after getting audited as per IPRS standards
IIM Udaipur Placement 2023

IIM Udaipur Placement 2023 for the MBA 2021-23 batch, has concluded with many firsts and more than 14% rise in average salary which has gone up at Rs.20.32 LPA from Rs.17.50 LPA last year. Out of the large batch of 305 students, 301 students participated in placement process and 70+ recruiters, including first time recruiters made offers to the students with high salary offers. Achieving yet again 100% placement, IIM Udaipur has registered a growth of 30% in PPOs offered to the students while 3 students got international offers from marquee companies.

Commenting on the successful final placement 2023, Prof Ashok Banerjee, Director, IIM Udaipur, said, "I am happy to see our students achieve unprecedented success in their final placements. Our focus on industry-relevant curriculum, practical learning, and mentorship has paid off, and our graduates are now thriving in top companies across various sectors. We are dedicated to maintaining this momentum and equipping our students with the skills, knowledge, and confidence to excel in their careers and make a positive impact on the global business environment."

Sharing the top line figures of its recently concluded final placements for the flagship 2-year MBA Course, graduating in April 2023, IIM Udaipur follows the Indian Placement Report Standards (IPRS) and will be sharing a detailed placement report when the external audit of the same concludes. Key highlights of IIM Udaipur final placements 2023 are given below: 

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IIM Udaipur Placement 2023: Highlights

  • 100% Placement
  • Total Batch size: 305 students
  • Students participated in Placement 2023: 301
  • Students Placed: 301
  • Average Salary goes up by 14% at Rs.20.32 LPA from Rs.17.50 LPA last year
  • Median Salary goes up by 16% in Placement 2023
  • Highest Salary stood goes up at Rs.36 LPA
  • Average Salary for top 10% of the batch goes up at Rs.32.32 LPA from Rs. 31.46 LPA last year  
  • Average Salary for Top Quartile of the batch up at Rs.28 LPA from Rs 25 LPA last year
  • Average Salary for Top half of the batch goes up at Rs.24 LPA from Rs 21 LPA last year
  • 29.54% Rise in Number of PPOs offered
  • 70+ recruiters in Placement 2023 made offers with many new recruiters
  • 3 Students get International Offers
  • Highest number of offers were made by BFSI Sector
  • Top recruiters include Accenture, Amazon, Bain & Co, JP Morgan Chase, EY, Goldman Sachs, PwC, McKinsey, Godrej, Bank among others

IIM Udaipur Placement Trends
The placement season 2023 at IIM Udaipur was marked with grand success with more offers being made by 70 recruiters to 301 students of the Institute. The industry reinstated its faith in the institute as past recruiters along with new recruiters took part in the placement process 2023. 

IIM Udaipur: Previous Placement Trends
IIM Udaipur despite being a newer IIM has a consistent record of excellent placement. Last 6 years Placement trends are shared below:

Placement year
Average Salary 
(Rs. in Lakhs)
Highest Salary Domestic 
(Rs. in Lakhs)
Highest Salary International 
(Rs. in Lakhs)
2023
20.32
36.00
--
2022
17.80
35.00
--
2021
13.42
35.47
--
2020
12.93
30.05
25
2019
13.20
27.5
33
2018
13.16
19.5
53
2017
12.84
20.02
28.4

Top Recruiters
Among the top recruiters included the regular and new recruiters. Some of the revising recruiters in IIM Udaipur placements 2023 are Accenture Strategy, Amazon, Bain and Company, Bajaj Auto, BNY, Cisco, Ernst & Young, Goldman Sachs, General Electric, JPMC, McKinsey, Pidilite, PWC, Wells Fargo, and others. Some of the new recruiters included Adani Group, Bank of America, Clearing Corporation of India, Everest Group, Godrej & Boyce, Orient Electric, SBI Capital Markets, Schneider Electric, Shalina Healthcare, State Street, and Times Group, amongst others.

30% Rise in PPOs Final Placements 2023
Pre-Placement offers through summer internships rose by 30%, indicating a growing acceptance by the industry of IIM Udaipur student talent, evaluated through the summer projects and allied performance at work.

IIM Udaipur Placement 2023: Detailed Report after Audit
IIM Udaipur prepares its summer and final placement reports according to the Indian Placement Reporting Standards (IPRS). IIM Udaipur is one of five IIMs and a total of 31 Indian B-schools to follow this standard. These reports are audited by an external auditing agency. The IPRS is a framework that aims at standardization of placement reports to make them more transparent and easier to understand, more comparable, and reliable for making decisions. IIM Udaipur will release the detailed placement report after the placement 2023 report is audited in the month of August/September 2023. 

With its focus on research and transformative learning, IIM Udaipur has gained distinctive prominence through its Global Rankings, Accreditation, and various initiatives, including setting up Centers of Excellence in important areas like Digital, Supply Chain, and Healthcare. IIM Udaipur is the only B-School in India to have a Consumer Culture Lab.

In FT Rankings MIM Top 100 Global Rankings 2022, IIM Udaipur is only the IIM, along with IIM Bangalore, to be ranked in the Top 100 for a consecutive 4th year. IIM Udaipur is also the youngest B-school on the list. In QS Top 150+ MIM Global Rankings 2022, IIMU remains the youngest B School in the World and is amongst only 7 IIMs to be included in the list.

Despite being one of the 6 new IIMs that were announced in 2009 and started functioning in 2010-11 IIM Udaipur has many achievements up its sleeve. IIMU Industry Mentorship Programme provides access for all students to Industry mentors and graduates from distinguished institutions including alumni of IIM A, IIM B and IIM C. It helps in understanding actual job content and gives a realistic view of various work profiles

Global Immersion at IIM Udaipur has two aspects. The first one is International Business Program (IBP) which provides students an opportunity to undertake 2-3 weeks live projects in foreign offices of a multinational organisation. The program helps students to understand working in a multi-cultural environment. 50-60% of the batch exercises the option of undertaking IBP. The other aspect is Student Exchange Program with Partner Universities which include European Business School Germany, HHL Leipzig, FAU Germany, Purdue University USA,  Duke University USA, Tianjin University China, Normandie Business School France among others

Rural Immersion at IIM Udaipur is a compulsory program where students spend 3-4 days in villages with the objective to understand the ground realities of rural areas, their problems & challenges and assessing impact of work done by NGOs and Government bodies

IIM Udaipur is the first IIM to have a trading lab functional in its first year of operation. It is a full-fledged Bloomberg Financial Markets Analysis Lab with 12 Terminals. There are very few such Labs in India.

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