IIMs in India: Check List of Old & New IIMs, Ranking, Accreditation, Programs offered, Fees, Seats, Selection Process

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Updated on September 29, 2023
Since 1961, India has witnessed growth in number of IIMs, the temples of management education, from two to twenty one in 2023. The growing list of IIMs in India implies high growth rate of MBA aspirants looking for MBA admission in these IIMs despite their rising fee structure. IIMs in India are declared the institute of national importance and institutes of excellence. Most of the IIMs have launched specialized MBA programmes apart from their flagship MBA programmes. This article shares complete details about the IIMs in India
List of IIMs in India

IIMs in India have grown from two in 1961 to twenty one in August 2023. IIMs in India are considered top MBA colleges offering wide range of MBA programmes. After passing of IIM Act 2017, all the IIMs are empowered to award  MBA degree instead of Post Graduate Diploma to its students.

Latest Update:

  • NITIE Mumbai has been renamed as IIM Mumbai
  • Tally of total IIMs in India now has gone up to 21 from 20
  • Total Seats in IIMs Go Up at 10000+

Despite the sharp growth in number of IIMs, the quality of education they impart has not gone down and the demand for old and new IIM students is consistently going up due to this education quality and the IIMs’ rigorous selection process. The companies visiting the IIM campus for placement year after year are increasing and are offering higher placement packages. This is the reason that more and more MBA aspirants are looking for IIM admission despite increase in their fee structure. 

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Let’s see the List of IIMs in India with their year of establishment, location, Ranking, Accreditation, fee, placements and more

Table of Contents

  1. List of IIMs in India by Location, Ranking
  2. Programmes Offered by the IIMs in India
  3. IIMs Fee in India
  4. IIM Placements
  5. IIM Admission Process

1. List of IIMs in India
The List of IIMs in India based on 2023 Ranking- India & Global, Year of Establishment is as below:

Institute
Established
NIRF Ranking 2023
Global Accreditation
FT Global MBA Ranking 2023
FT Masters in Mgmt 2023 Global Ranking
IIM Calcutta
1961
4
Triple accreditation-AACSB, AMBA, EQUIS
76
60
IIM Ahmedabad
1961
1
EQUIS
51
43
IIM Bangalore
1973
2
EQUIS
52
 
IIM Lucknow
1984
6
Triple accreditation-AACSB,AMBA,EQUIS
90
72
IIM Indore
1996
8
Triple accreditation-AACSB,AMBA,EQUIS
89
 
IIM Kozhikode
1996
3
AMBA, EQUIS, AACSB Triple crown accreditation
 
77
IIM Shillong
2007
26
 --
-- 
-- 
IIM Raipur
2010
11
 --
--
--
IIM Ranchi
2010
24
 --
--
-- 
IIM Rohtak
2010
12
 --
--
 --
IIM Kashipur
2011
19
 --
--
--
IIM Tiruchirappalli
2011
22
 --
--
--
IIM Udaipur
2011
16
 --
--
88
IIM Amritsar
2015
51
 --
--
--
IIM Bodh Gaya
2015
53
 --
--
--
IIM Nagpur
2015
43
 --
--
--
IIM Sambalpur
2015
58
 --
--
--
IIM Sirmaur
2015
98
 --
--
--
IIM Visakhapatnam
2015
29
 --
--
--
IIM Jammu
2016
41
 --
--
--
IIM Mumbai
1963 (converted to IIM in 2023)
7
 --
--
--


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2. Programmes Offered by the IIMs in India


IIM Courses as offered by each of the IIMs are shared below:

Indian Institute of Management (IIM) 
MBA Programmes Open for Admission 2024 
IIM Ahmedabad
PGP, PGP-FABM
IIM Amritsar
MBA, EMBA, MBA-Business Analytics, MBA-HRM
IIM Bangalore
PGP, PGPEM, PGPBA
IIM Bodh Gaya
PGP
IIM Calcutta
MBA
IIM Indore
PGP, PGP-HRM
IIM Jammu
MBA
IIM Kashipur
MBA, MBA (Analytics), EMBA
IIM Kozhikode
PGP, PGP-BL, PGP-F, PGP-LSM, EPGP (At Kochi campus)
IIM Lucknow
PGP, PGP-ABM, PGP-SM, MBA (E & I)
IIM Mumbai (Erstwhile NITIE Mumbai)
MBA, MBA Operations and Supply Chain Management, MBA Sustainability Management
IIM Nagpur
PGP
IIM Raipur
PGP
IIM Ranchi
PGP, PGP-HRM, PGP (Business Analytics)
IIM Rohtak
PGP, EPGPX, EPGDSM
IIM Sambalpur
MBA, Executive MBA
IIM Shillong
PGP, PGPEX, PGPWE
IIM Sirmaur
MBA, MBA (T&HM)
IIM Tiruchirappalli
PGP, PGPM-HR, PGPBM
IIM Udaipur
MBA, MBA-DEM, MBA-GSCM, PGDBAWE
IIM Visakhapatnam
PGP, PGPEX, PGPDGM
3. IIMs Fee in India
IIM in India fees is consistently rising. Present structure of IIM in India fees for the MBA programmes is as below:
IIMs
Fees for 2023-25 Batch (Rs.in Lakhs)
IIM Ahmedabad Fees
Rs. 25.00 lakhs
IIM Bangalore Fees
Rs. 24.70 lakhs
IIM Calcutta Fees
Rs. 25.00 lakhs
IIM Lucknow Fees
Rs. 21.75 lakhs
IIM Mumbai Fees
Rs. 20.40 lakhs
IIM Indore Fees 
Rs. 21.17 lakhs
IIM Kozhikode Fees
Rs. 20.50 lakhs
IIM Shillong Fees 
Rs. 21.50 lakhs
IIM Rohtak Fees   
Rs. 17.90 lakhs
IIM Trichy Fees 
Rs. 19.50 lakhs
IIM Udaipur Fees
Rs. 21.43 lakhs
IIM Raipur Fees
Rs. 15.93 lakhs
IIM Ranchi Fees 
Rs. 17.50 lakhs
IIM Kashipur Fees
Rs. 17.30 lakhs
IIM Amritsar Fees
Rs. 17.30 lakhs
IIM Bodh Gaya Fees 
Rs. 17.00 lakhs
IIM Jammu Fees
Rs. 17.15 lakhs
IIM Nagpur Fees
Rs. 19.40 lakhs
IIM Sambalpur Fees
Rs. 13.08 lakhs
IIM Sirmaur Fees
Rs. 16.20 lakhs
IIM Visakhapatnam Fees
Rs. 18.25 lakhs

4. IIM Placements
After completion of final placements 2023 in all the IIMs, MBAUnivese.com has collated the data of latest IIM placements and has prepared IIM Placements Report 2023 with latest details which reveal some interesting facts and trends reflecting which IIM has left its counterpart behind and has registered higher average salary, which IIMs have registered highest percentage increase in salary, what are the key trends in IIM Placements this year and more. Average package of each IIM Salary has gone up in placements 2023. Key details about each IIM salary is given below:

4.1 Top IIMs by Average Salary in Placements 2023
Top IIMs year wise placement statistics by Average salary above Rs.30 LPA in placement 2023 is shared below

Top IIM by Average Salary
MBA Average Salary 2021
MBA Average Salary 2022
MBA Average Salary 2023
IIM Bangalore
Rs.28.98 LPA
Rs. 33.82 LPA
Rs. 35.31 LPA
Rs. 29.00 LPA
Rs. 34.20 LPA
Rs. 35.07 LPA
Rs. 27.54 LPA
Rs. 32.80 LPA
Awaited
IIM Lucknow
Rs. 26.00 LPA
Rs.31.03 LPA
Rs.32.20 LPA
Rs. 22.53 LPA
Rs. 29.50 LPA
Rs. 31.02 LPA
IIM Indore
Rs.23.60 LPA
Rs. 25.01 LPA
Rs. 30.21 LPA

Source: MBAUniverse.com IIM Placements Analysis

4.2 Top IIM Placements 2023 with Average Salary above Rs.20 LPA
IIM Shillong, IIM Raipur, IIM Udaipur among others have registered average salary between Rs.20 LPA and Rs.27 LPA. Surprisingly, the average salary at IIM Raipur, IIM Trichy and IIM Udaipur have gone up by Rs.6 to 7 LPA in two years. Check Table Below

IIM by Placements 
MBA Average Salary 2021
MBA Average Salary 2022
MBA Average Salary 2023
IIM Shillong Placements
Rs.19.17 LPA
Rs. 23.10 LPA
Rs. 26.96 LPA
IIM Raipur Placements
Rs. 15.11 LPA
Rs. 17.73 LPA
Rs. 21.04 LPA
IIM Tiruchirappalli Placements
Rs. 14.85 LPA
Rs. 17.00 LPA
Rs. 20.55 LPA
IIM Udaipur Placements
Rs. 13.42 LPA
Rs. 17.80 LPA
Rs. 20.32 LPA

Source: MBAUniverse.com IIM Placements Analysis 

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4.3. IIMs Placements 2023 with Average Salary Going upto Rs.19 LPA

Among the IIMs which missed the Rs.20 LPA Average Salary bar by less than Rs.2 lakhs are IIM Rohtak and IIM Kashipur. However, the way their average salary is rising by Rs.2 lakhs every year, it is expected that they would join club 20 LPA next year. Baby IIMs are also making good progress and their average salary is rising by 1 to 2 lakhs year on year. Key details of IIMs with average salary of last three years are as below:

IIM Placements 2023
MBA Average Salary 2021
MBA Average Salary 2021
MBA Average Salary 2022
IIM Rohtak
Rs. 13.74 LPA
Rs. 16.06 LPA
Rs.18.73 LPA
Rs. 14.05 LPA
Rs. 15.21 LPA
Rs. 18.11 LPA
IIM Ranchi
Rs. 14.69 LPA
Rs. 16.17 LPA
Rs. 17.30 LPA
IIM Nagpur
Rs. 13.21 LPA
Rs. 14.94 LPA
Rs.16.74 LPA
Rs. 12.68 LPA
Rs. 14.63 LPA
Rs.16.51 LPA
Rs. 11.21 LPA
Rs. 12.64 LPA
Rs.16.64 LPA
IIM Jammu
Rs. 10.34 LPA
Rs. 13.53 LPA
Rs.16.43 LPA
Rs.  9.92 LPA
Rs. 12.36 LPA
Rs.16.00 LPA
Rs. 12.62 LPA
Rs. 14.60 LPA
Rs. 15.47 LPA
Rs.  9.60 LPA
Rs. 12.74 LPA
Rs. 14.45 LPA

Source: MBAUniverse.com IIM Placements Analysis

4.5 Fastest Growing IIMs by Average Salary Packages in Placements
Leaving behind the older siblings, baby IIMs like IIM Sambalpur has registered highest increase of 31.6% in average salary, followed by IIM Bodhgaya with 29% increase. IIM Indore and IIM Jammu each has registered 21% rise in average salary. IIM Shillong, IIM Udaipur, IIM Rohtak, IIM Raipur, IIM Kashipur have recorded 14% to 20% increase in average salary in placements 2023. The table below lists the fastest growing IIMs by placements:

Fastest Growing IIM by Average Salary
MBA Average Salary 2021
MBA Average Salary 2022
MBA Average Salary 2023
YoY Percentage Increase
IIM Sambalpur Placements
Rs. 11.21 LPA
Rs. 12.64 LPA
Rs.16.64 LPA
+ 31.6%
IIM Bodh Gaya Placements
Rs.  9.92 LPA
Rs. 12.36 LPA
Rs.16.0 LPA
+ 29.4%
IIM Jammu Placements
Rs. 10.34 LPA
Rs. 13.53 LPA
Rs.16.43 LPA
+ 21.4%
IIM Tiruchirappalli Placements
Rs. 14.85 LPA
Rs. 17.00 LPA
Rs.20.55 LPA
+ 20.88%
IIM Indore Placements
Rs. 23.60 LPA
Rs. 25.01 LPA
Rs.30.21 LPA
+ 20.8%
IIM Kashipur Placements
Rs. 14.05 LPA
Rs. 15.21 LPA
Rs.18.11 LPA
+ 19.06%
IIM Raipur Placements
Rs. 15.11 LPA
Rs. 17.73 LPA
Rs.21.04 LPA
+ 18.66%
IIM Shillong Placements
Rs.19.17 LPA
Rs. 23.10 LPA
Rs. 26.96 LPA
+ 16.7%
IIM Rohtak Placements
Rs.13.74 LPA
Rs.16.06 LPA
Rs.18.73 LPA
+ 16.6%
IIM Udaipur Placements
Rs.13.42 LPA
Rs. 17.80 LPA
Rs. 20.32 LPA
+ 14.2%

Source: MBAUniverse.com IIM Placement Report 2023 based on data released by IIMs 

4.6 Top 10 IIMs by Highest Salary
Although the highest salary is offered to one or two students, the highest salary offered at an IIM campus often makes newspaper headlines. In the table below, the highest domestic salary registered by the IIMs in MBA placements 2023 is taken into account. It may be noted that IIM Bangalore has not released its highest salary and IIM Ahmedabad will release the salary data in September 2023 after IPRS Audit. As such both of these top IIMs have not been included among the top IIMs by highest salary in 2023.

Top IIMs Placements by Highest Salary
Highest Salary 2023
IIM Calcutta Placements
Rs.1.15 Crore
IIM Indore Placements
Rs.1.14 Crore
IIM Shillong Placements
Rs.71.30 LPA
IIM Raipur Placements
Rs. 67.60 LPA
IIM Kozhikode Placements
Rs. 67.02 LPA
IIM Sirmaur Placements
Rs. 64.12 LPA
IIM Jammu Placements
Rs. 64 LPA
IIM Ahmedabad (2022) Placements
Rs. 61.68 LPA
IIM Lucknow Placements
Rs. 58.00 LPA
IIM Tiruchirappalli Placements
Rs. 41.61 LPA

Source: MBAUniverse.com IIM Placements Analysis

4.7. Top Recruiters in IIM Placements 2023
Almost all the IIMs conducted their placement process for 2021-23 batch in person and as such the companies also preferred to visit the IIM campus for placements instead of online assessment for the recruitment. IIMs have registered not only higher salary packages but also more number of recruiters at the campus in placement 2023. Some of the top recruiters that visited IIM campus for placements 2023 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, Aditya Birla Group, Microsoft, ITC, HUL among others

5. IIM Admission Process
IIM Admission process has following four steps:

  • Apply and appear in CAT exam. IIM-CAT is the mandatory MBA entrance exam for admission to all the IIMs and all the IIMs open and close their admission process simultaneously with the opening and closing of CAT registration dates
  • After declaration of CAT result in January, IIMs shortlist the suitable candidates for final admission round on the basis of CAT exam scores, academics, diversity, work experience among other parameters
  • All the shortlisted candidates shall have to appear in the Written Ability Test (WAT) followed by Personal Interview (PI).
  • On the basis of performance of candidates in final selection round, final merit list will be generated and admission offers will be made by the respective IIM

Hope you found this article useful on IIMs in India. We will continue updating this article with latest updates for your benefit.

Stay tuned to MBAUniverse.com for more updates on Indian Institutes of Management in India