IIM Indore IPM Placements

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Amit Agnihotri
Columnist & Author, MBAUniverse.com
Updated on
April 30, 2021

IIM Indore has completed IPM Placements 2021 for the 2016-21 batch with high salary packages and has again achieved 100% placements. IPM Placements at IIM Indore are conducted alongwith the flagship PGP (MBA) programme Placements. The trends in placements reflect that last 6 batches of IPM placements have seen consistently high packages.


IPM Placements: Last 6 Batches at a Glance
Before we go through the year wise IPM placements in detail, the comparative placements for last six batches are given below:

IPM Placement Year
Average Salary (Rs. In lakhs)
Highest Salary (Rs.in lakhs)

IPM Placement 2021
The final placement drive at IIM Indore was conducted for the batch of 2016-21 for its five years Integrated Program in Management (IPM) and for its flagship Post Graduate Programme (PGP) 2019-21 batch 

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IIM Indore Placement 2021 Highlights

  • Placement Process 2021 was conducted Virtually
  • Achieves 100% Placement for the large batch despite Covid pandemic
  • Average Salary goes up at Rs.23.60 LPA in Placement 2021 from Rs.22.92 LPA last year
  • Average salary of the top 100 students of the batch stood at 33 LPA
  • Highest Domestic Salary stood at Rs. 41.50 LPA
  • Highest International salary in Placement 2021 stood at Rs.56.80 LPA
  • 210 Recruiters including 40 first time recruiters participated in Placement 2021
  • Consulting, Finance, Sales & Marketing recruit 69% of the batch

IPM Placement 2020
IIM Indore completed the campus placements of the 5 Year Integrated Programme in Management (IPM) 2015-2020 batch and Post Graduate Programme (PGP) 2018-20 batch, securing 100% placements for its largest outgoing batch of 578 students for both the programmes.


Placement 2020 Highlights

  • Highest Domestic Salary goes up at Rs.50 LPA from Rs.40.5 LPA last year
  • Average Salary goes up at Rs.22.92 LPA in 2020 from Rs.20.79 LPA last year
  • Median Salary goes up to Rs.22 LPA in 2020 from Rs.19.4 LPA last year
  • 160 Recruiters participated in Placement 2020
  • 45 New Recruiters
  • Large Batch with 578 students
  • 44% female students in the batch
  • Consulting, Finance, Sales & Marketing recruit 68% batch

IPM Placement 2019
200 recruiters participated in IIM Indore Placement process in 2019. The final Placement 2019 season for PGP 2017-19 batch and 5 year IPM batch at IIM Indore had concluded by achieving 100% placements. As compared to last year, the large batch of 607 students have received higher salary packages and coveted roles offered by 200 recruiters. More offers from more recruiters with higher packages remained the key attractions in IIM Indore placement 2019.


Placement 2019 Highlights

  • Highest Salary goes up at Rs.89.25 LPA
  • Highest Domestic Salary goes up at Rs.40.5 LPA
  • Average Salary goes up at Rs.20.79 LPA
  • Number of Recruiters are 200
  • Consulting, Finance recruit 53% batch
  • Average salary for 5 Year IPM batch is Rs.17.01 LPA

IPM Average Salary: Up at Rs.17.01 LPA from 15.16 lakhs
The average CTC for the IPM batch has increased to Rs.17.01 lakhs from Rs.15.16 lakhs in last year. Last 3 years Placement trends for 5 year Integrated Programme in Management are as below:

IPM Placement Year
Average Salary
17.01 lakhs
15.16 lakhs
12.52 lakhs

Key Placement Trends: Analysis of Last 3 Years
IIM Indore has surpassed the previous year’s performance, witnessing on an average, INR 20.79 LPA being offered to the students with 100% Placements. More than 200 recruiters, which include 57 first time recruiters, showed interest in hiring for several roles across multiple sectors for both the Post Graduate Programme as well as the 5-Year Integrated Programme in Management.


Finance, Consulting and Sales & Marketing remained the most preferred domains The average CTC offered to the IPM students rose to INR 17.01 LPA. 

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3 Years Placement Trends

Average salary
Highest salary (Domestic)
Highest Salary (International)
Rs.20.79 lakhs
Rs.40.50 lakhs
Rs.89.25 lakhs
Rs.18.17 lakhs
Rs.33.04 lakhs
Rs.63.45 lakhs
Rs.16.23 lakhs
Rs.37 lakhs
Rs.39.00 lakhs

Consulting: Top domain with 27% offers
The Consulting domain continued to see extensive participation from Consulting stalwarts with 27% of the batch opting for consulting and strategy roles.


Major recruiters in Consulting domain include Avalon Consulting, Bain Capability Centre, Boston Consulting Group, Cognizant Business Consulting, Deloitte USI, Ernst & Young, Everest Group, i3 Consulting, Government of Andhra Pradesh, Infosys Management Consulting, IQVIA, PwC India, PwC US Management Consulting, SKP Consulting, Synergy Consulting, Thoucentric Consulting, UnitedHealth Group and Vector Consulting. McKinsey opened up consulting roles in IIM Indore after a brief hiatus.


Finance: 26% offers
IIM Indore maintained its position as one of the preferred recruitment destinations for the Finance domain. With 26% of the batch opting for Finance roles and participation of multiple Investment Banks, Private Equity and Venture Capital firms offering highly coveted front end roles, IIM Indore has emerged as one of the top destinations for finance recruitment in the country.


Major recruiters such as Aditya Birla Capital, Axis Bank, Barclays, Bank of America Continuum, Credit Suisse, CRISIL, Deutsche Bank, DHFL Pramerica, Edelweiss, Fidelity Investments, Goldman Sachs, HDFC, HSBC, ICICI, India Ratings, IndusInd Bank, Indus Valley Partners, JPMorgan Chase & Co, Kotak Mahindra, Philips, Royal Bank of Scotland, State Street Corporation, Syngenta and Yes Bank


Sales & Marketing: 22% Share in Placement
Sales & Marketing also continued to be the preferred domain amongst participants with Industry giants like Aditya Birla Fashion Retail Limited, Asian Paints, Britannia, Cipla, Crompton Greaves, Dabur, Dalmia Bharat Group, Dolcera, Eli Lilly, GroupM, GSK Pharma, Hindustan Unilever, ITC, Jubilant Foodworks, Kent RO Systems, L’Oreal, Maruti Suzuki, Panasonic, Piramal Group, PUMA, Radio Mirchi, Raymond, Royal Enfield, Shemaroo Entertainment, Tata International, Tata Power, Tata Steel, UB Group, Unimoni and Whirlpool contributing 22% share in recruitment in this domain.


IT & Analytics: 10% Share in Placement
Recruiters in the IT/ Analytics domain include Accenture Technologies, Axtria, Capgemini, FIS Global, Google, HCL, Hexaware, HP, IBM, Intel, Infosys BPM, L&T Technology, Mahindra Comviva, MAQ Software, Tata Consultancy Services, Tredence Analytics and Wipro which offered varied profiles to IIM Indore students. Hindustan Unilever and General Electric continued to recruit for their sought-after IT leadership programmes.


General Management, HR & Operations: 15% Share in Placement
IIM Indore witnessed major recruiters like Airtel, Amazon, American Express, GMR Group, Jindal Steel & Power, JSW Group, MakeMyTrip, PayTM, Rebel Foods, Reliance Industries, Rural Electrification Corporation, Suzlon Energy, Tata Communications and Trident Group hiring for their leadership programmes and General Management roles. Capgemini opened up its ELITE program for the first time at IIM Indore.


Major recruiters like Aditya Birla Retail, Cipla, Essel Group, Godrej & Boyce, ICICI Bank, Jaguar Land Rover, L&T, Prataap Snacks, Shapoorji Pallonji Group, Vishal Mega Mart, Whirlpool and Willis Towers Watson offered roles in the HR and Operations domain.


Placement 2018
Average Salary in IPM Placements at IIM Indore has been on the rise consistently right from the very first batch. Moving up with this trend, the IPM Placements 2018 for the 3rd batch of 5 year Integrated Programme in Management (IPM) at IIM Indore concluded with 21% rise in average salary with 200 prominent companies lining up to make placement offers.  


Announcing the wrapping up of Placement 2018 with higher placement packages for the largest batch of 624 students including IPM students, IIM Indore once again proved its eminence among the premier business schools of the country.  More offers from more recruiters with higher packages remained the key attraction in IIM Indore placement 2018.


This placement season witnessed participation from more than 200 firms which rolled out offers to 624 students including 113 participants from the 5 year Integrated Programme in Management (IPM),


443 PGP participants and 68 PGP Mumbai participants.


IPM Average salary Up at Rs.15.16 lakhs
The average placement package for the 3rd batch of 5 year IPM programme at IIM Indore has stood at 15.16 LPA marking an increase of 21% over last year. A quick analysis for last 3 years average placement package for IPM students at IIM Indore is shared below:


IPM Placement Highlights

Average salary
Number of students in IPM batch
Number of recruiters
Percentage increase in average salary over last year
Rs.15.16 lakhs
Rs.12.52 lakhs
Rs.11.96 lakhs
1st graduating batch of 5 year IPM

Top Recruiters in IPM Placements
The 5 year Integrated Programme in Management (IPM) offered by IIM Indore is a leading management programme with a bachelor’s degree followed by the award of post graduation in management by IIM Indore. Recruiters participating in IPM placements have rated the IPM students as ‘A brilliant bunch of management candidates, extremely capable. It makes selection of candidates a rich and fruitful experience.’


Top recruiters in IIM Indore IPM Placements 2018 include Asian Paints, CP Group, Goldman Sachs, HUL, JPMorgan Chase, L’Oréal, Nomura and UAE Exchange apart from other marquee companies.


The first batch of IPM at IIM Indore passed out in 2016 and there were number of recruiters who made placement offers to IPM students. Some of the prominent recruiters in the very first batch were Credit Suisse, Deloitte, Nomura, JP Morgan, HDFC, IndusInd Bank, IBM, ICRA Management Consulting, Tata Sky, UAE Exchange among others.


The feedback received from the recruiters in the first placement season of IPM has been encouraging.  One of the leading recruiters - a leading credit rating agency remarked “We found the candidates to have a good understanding of concepts and confidence to face the demand of the corporate world.”


With majority of offers being rolled out from Finance domain, the average salary of the batch stood at 11.96 LPA, including International offers such as EA to CFO  & MD by a leading international foreign exchange company.   

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Amit Agnihotri
Columnist & Author, MBAUniverse.com
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