MBA Placements 2023: Placement Report, Average Package & Highest Package, Top Recruiters

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Sounak Banerjee Associate Content Manager

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MBA Placement drive is one of the most vital parameters an MBA aspirant looks for before taking admission. The IIMs and the top B-Schools in India like MDI Gurgaon, XLRI Jamshedpur, NITIE Mumbai, SIBM Pune and many others have concluded their placement drive for the 2021-22 batch. Most candidates start their placement preparation in the first year of the MBA Program. 

During the 2022 MBA Placement drive, placement offers were made from the top recruiting sectors like Consulting, Business Analytics, General Management etc. IIM Bangalore students received 662 placement offers, the highest among the top IIMs & B-schools. IIM Calcutta students received 640 placement offers, IIM Kozhikode students received 571 placement offers & IIM Lucknow students received 534 offers.

All the IIMs have concluded their 2022 placement drive. The 2022 placement report shows that there has been an improvement in the highest salary & average salary received by most of the top business schools. The highest salary stood at $ 1,50,297 which was bagged by IIM Ahmedabad. MDI Gurgaon bagged the second highest salary of INR 1.14 CPA whereas IIM Indore bagged the third highest salary of INR 70 LPA. 
College Name MBA Average Placements 2023 MBA Average Placements 2022 MBA Average Placements 2021 MBA Average Placements 2020
Indian Institute of Management Ahmedabad Yet to be Released INR 32.79 LPA INR 27.54 LPA INR 26.13 LPA
Indian Institute of Management Bangalore Yet to be Released INR 33.8 LPA INR 28.98 LPA INR 26.18 LPA
Indian Institute of Management Calcutta INR 35.07 LPA INR 34.2 LPA INR 28.75 LPA INR 27.80 LPA
Indian Institute of Management Lucknow INR 32.2 LPA INR 31.03 LPA INR 26 LPA INR 24.25 LPA
Indian Institute of Technology Madras INR 20.19 LPA INR 16.66 LPA INR 12.77 LPA INR 14.38 LPA
Indian Institute of Technology, Bombay INR 30.35 LPA INR 29.80 LPA INR 21.96 LPA INR 20.98 LPA
Indian Institute of Technology, Kharagpur INR 22.13 LPA INR 19.36 LPA INR 18.44 LPA INR 18.10 LPA
Indian Institute of Management Rohtak INR 18.73 LPA INR 16.06 LPA INR 13.74 LPA INR 13.70 LPA
Indian Institute of Technology, Roorkee INR 18.34 LPA INR 16.80 LPA INR 10.58 LPA INR 10.12 LPA
S. P. Jain Institute of Management & Research INR 33.02 LPA INR 32.06 LPA INR 26.06 LPA INR 26.36 LPA
Indian Institute of Technology, Delhi Yet to be Released INR 21.90 LPA INR 18.5 LPA INR 22.69 LPA
Indian Institute of Management Kozhikode Yet to be Released INR 31.02 LPA INR 29.5 LPA INR. 22.5 LPA
Indian Institute of Management Indore Yet to be Released INR 25.01 LPA INR 23.6 LPA INR 22.92 LPA
XLRI - Xavier School of Management Yet to be Released INR 32.7 LPA INR 30.73 LPA INR 25.08 LPA
National Institute of Industrial Engineering, Mumbai Yet to be Released INR. 25.4 LPA INR 19.5 LPA INR 20.88 LPA
Management Development Institute Yet to be Released INR 26.65 LPA INR 23.15 LPA INR 22.05 LPA
Indian Institute of Management Raipur Yet to be Released INR 17.73 LPA INR 15.11 LPA INR 15.20 LPA
Indian Institute of Management Ranchi Yet to be Released INR 16.17 LPA INR 14.69 LPA INR 15.11 LPA
Symbiosis Institute of Business Management Yet to be Released INR 26.77 LPA INR 23.06 LPA INR 19.56 LPA
Indian Institute of Management Tiruchirappalli Yet to be Released INR 17.01 LPA INR 14.85 LPA INR 14.96 LPA
Indian Institute of Technology Kanpur Yet to be Released INR 16.61 LPA INR 13.51 LPA INR 12.77 LPA
Indian Institute of Management Udaipur Yet to be Released INR 17.82 LPA INR 13.42 LPA INR 12.93 LPA
Indian Institute of Management Kashipur Yet to be Released INR 15.21 LPA INR 14.05 LPA INR 13.82 LPA
Indian Institute of Foreign Trade Yet to be Released INR 25.16 LPA INR 21.08 LPA INR 20.48 LPA

The below graph shows the top 5 IIMs average salary of 2022 Placements:

IIM MBA Salary Statistics

The average salary was the highest for IIM Calcutta followed by IIM Bangalore. The median salary was the highest for the IIM Ahmedabad followed by IIM Bangalore & IIM Calcutta. 

MBA Placements 2022 is still in progress in some colleges. It is expected that the highest number of placement offers will be made in the Consulting, IT, Strategy, Finance, Manufacturing etc sectors at the end of the placement drives of all the top MBA colleges.

MBA Placement

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In the year 2022, the IIMs maintained a 100% placement record. 

MBA Placements 2022 in Top Colleges in India

The below table represents the the salary statistics of top 20 MBA colleges: 

Colleges Highest Salary Average Salary Median Salary
IIM Ahmedabad $ 1,50,297 (INR 1.20 LPA) - INR 36.2 LPA
IIM Bangalore - INR 33.8 LPA INR 31.2 LPA
IIM Calcutta - INR 34.2 LPA INR 31 LPA
IIT Delhi INR 36.7 LPA INR 21.9 LPA INR 20.6 LPA
IIM Kozhikode INR 61.5 LPA INR 29.5 LPA INR 26.5 LPA
IIM Lucknow INR 61.59 LPA INR 31.03 LPA INR 29 LPA
IIM Indore INR 70 LPA INR 25.01 LPA INR 24.09 LPA
XLRI Jamshedpur INR 60 LPA INR 30.73 LPA INR 29 LPA
NITIE Mumbai INR 49 LPA INR 25.41 LPA -
IIT Madras INR 25.30 LPA INR 16.66 LPA -
IIT Bombay INR 49 LPA INR 25.9 LPA INR 25.8 LPA
IIT Kharagpur INR 31.98 LPA INR 19.36 LPA INR 18.08 LPA
MDI Gurgaon INR 1.14 CPA - INR 23.50 LPA
IIM Raipur INR 42.15 LPA INR 17.73 LPA INR 16.95 LPA
IIM Ranchi INR 32.21 LPA INR 16.17 LPA INR 15.50 LPA
IIM Rohtak INR 32 LPA INR 16.06 LPA INR 15 LPA
SIBM Pune INR 45.50 LPA INR 23.06 LPA INR 20.80 LPA
IIM Trichy INR 34 LPA INR 17.01 LPA INR 16 LPA
IIT Roorkee INR 25.8 LPA INR 16.8 LPA INR 18 LPA
IIT Kanpur INR 22 LPA INR 16.61 LPA INR 16 LPA

During MBA Placements 2022, the highest salary was bagged by IIM Ahmedabad followed by MDI Gurgaon.

IIM MBA Placements 2022

The below table represents the top IIMs Placements 2022 Statistics:

College Highest Salary Average Salary Median Salary
IIM Ahmedabad $ 1,50,297 (INR 1.20 LPA) INR 36.2 LPA
IIM Bangalore - INR 33.8 LPA INR 31.2 LPA
IIM Calcutta - INR 34.2 LPA INR 31 LPA
IIM Kozhikode INR 61.5 LPA INR 29.5 LPA INR 26.5 LPA
IIM Lucknow INR 61.59 LPA INR 31.03 LPA INR 29 LPA
IIM Indore INR 70 LPA INR 25.01 LPA INR 24.09 LPA
IIM Raipur INR 42.15 LPA INR 17.73 LPA INR 16.95 LPA
IIM Ranchi INR 32.21 LPA INR 16.17 LPA INR 15.50 LPA
IIM Rohtak INR 32 LPA INR 16.06 LPA INR 15 LPA
IIM Trichy INR 34 LPA INR 17.01 LPA INR 16 LPA
IIM Udaipur INR 35.96 LPA INR 19.5 LPA INR 15.6 LPA
IIM Kashipur INR 28.82 LPA INR 15.21 LPA INR 14.28 LPA
IIM Shillong INR 55.22 LPA INR 23.10 LPA INR 22.28 LPA
IIM Visakhapatnam INR 31.6 LPA INR 15.06 LPA INR 15.46 LPA
IIM Jammu INR 32 LPA INR 13.53 LPA INR 11.4 LPA
IIM Nagpur INR 31.54 LPA INR 15.21 LPA INR 15.42 LPA
IIM Amritsar INR 25.21 LPA INR 14.63 LPA INR 13.54 LPA
IIM Sambalpur INR 41 LPA INR 12.64 LPA INR 11.42 LPA
IIM Sirmaur INR 26.5 LPA INR 12.74 LPA INR 12.23 LPA
IIM Bodh Gaya INR 30.5 LPA INR 12.36 LPA INR 12 LPA

Among all the IIMs, the highest salary was bagged by IIM Ahmedabad followed by IIM Indore, IIM Lucknow & IIM Kozhikode.

Top IIM Recruiters

The below table shows the top recruiters which participated in the IIM Placements 2022:

Boston Consulting Group Morgan Stanley Emaar
HSBC Tresvista BNY Mellon
Nomura Kotak Mahindra Bank SBI Life
Aditya Birla Group Ultra Tech Amazon
Accenture Infosys MPL
Abott Hindustan Unilever Limited OPTUm
Deloitte Myntra Piramal
Wipro Yes Bank Reliance
Udaan Uber Tech Mahindra
Swiggy Infosys Pidilite

Top Sectors for IIM Placements

The below table shows the top sectors in which the students were placed in 2022:

Consulting Business Analytics Corporate Finance & Commercial Banking E-commerce
General Management IT/Product Management Management Consulting Marketing & Sales
Operations Online Services IT & Healthcare Agri Input
BFSI Conglomerates FMCG Engineering /Technology
Manufacturing Media & Communications Pharmaceuticals Telecom
EdTech Online Payment Retail B2B & B2C Environment & Energy
Retail & E- Commerce E-Business Sales & Marketing General Management

IIM MBA Abroad Placements 2022

The below table shows the international highest salary received by IIM students:

Colleges Highest International Salary
IIM Ahmedabad $ 1,50,297
IIM Indore INR 70 LPA
IIM Lucknow INR 61.59 LPA
IIM Sambalpur INR 41 LPA

MBA Placements Top Recruiters in 2022

The below table represents some of the top recruiters who participated during MBA Placements 2022 of various colleges:

Boston Consulting Group TATA Administrative Services
Emaar Nomura
Ola Samsung
CK Birla Group Accenture Strategy
Amazon Microsoft
Flipkart Myntra
Vodafone Idea Winzo Games
BMW CISCO
Airtel Swiggy
IBM Deloitte
Aditya Birla Group Infosys
EY HCL
Capgemini Cognizant
ICICI Bank HDFC Bank

IIM Ahmedabad Placements 2022

The below table shows the highlights of IIM Ahmedabad Placements 2022:

Batch Placements Statistics 2022
Number of Students Registered 121
Number of Offers 172
New Recruiters 20
HIghest International Package $1,50,297
Highest Domestic Package INR 75.2 LPA
Median Package INR 36.2 LPA
Increase In Median Package 21%
Major Sectors IT & Healthcare
  • 20 new recruiters participated in the PGPX placement drive.
  • 121 students registered for the placement drive.
  • The number of placement offers was 172.
  • The highest international salary stood at $1,50,297 & the highest domestic salary stood at INR 75.2 LPA.
  • The median salary stood at INR 36.2 LPA.
  • IT & Healthcare were the major sectors.

IIM Ahmedabad PGPX Placements 2022 Sector – Wise

The following table represents the sector wise PGPX placements at IIM Ahmedabad:

Sectors Percentage of Students Placed
Online Services, IT & Healthcare 45
Consulting 41

During the placement drive, 45 students were placed in the Online Services, IT & healthcare sector followed by 41 students who were placed in the Consulting sector.

IIM Ahmedabad Placements 2022 Company – Wise

The following table represents the company wise placements for the batch 2022 at IIM Ahmedabad:

Name of the Company Number of Offers
BCG 47
Accenture Strategy 32
Paytm 20
PwC 13
American Express 11
OYO 10
Goldman Sachs 7
American Express 5
Bank of America 4

IIM Bangalore Placements 2022

The below table represents the highlights of IIM Bangalore Placements 2022:

Batch Placement Statistics 2022
Batch Size 524
Students Opted Out 11
Number of Offers 662
Number of Companies Participated 137
PPOs Offered/Accepted 273/181
Lateral Offers Made/Accepted 180/127
Final Placement Offers Made/Accepted 209/205
International Offers 6
Average Salary INR 33.8 LPA
Median Salary INR 31.2 LPA
Major Sector Management Consulting
Top Recruiters Accenture Strategy, Amazon, Microsoft
  • 137 recruiters participated in the placement drive.
  • These recruiters made 662 placement offers.
  • Students were offered 273 placement offers among which 181 were accepted.
  • Students received 6 international offers too.
  • The average salary stood at INR 33.8 LPA.
  • The median salary was INR 31.2 LPA.
  • Management Consulting was the top recruiting sector.

IIM Bangalore Placements 2022 Domain - Wise

The below table represents the domain - wise statistics of IIM bangalore Placements 2022:

Domains Percentage of Students Placed
Management Consulting  42%
IT/Product Management 20%
E-Commerce 11%
Corporate Finance and Commercial Banking 10%
General Management 7%
Marketing and Sales 5%
Business Analytics 4%

IIM Bangalore Placements Year - Wise Trends

The below graph shows the year - wise salary trends of IIM Bangalore:

IIM Bangalore Placements Year - Wise Trends

The average salary increased from INR 28.98 LPA in 2021 to INR 33.8 LPA. The median salary increased from INR 28.6 LPA in 2021 to INR 31.2 LPA.

IIM Calcutta placements 2022

The below table represents the highlights of IIM Calcutta Placements 2022

Particulars Placement Statistics 2022
Total Number of Students 479
Number of Recruiters 192
Number of Offers 640
Highest CTC (International) -
Highest CTC (Domestic) -
Average CTC INR 34.2 LPA
Median CTC INR 31 LPA
Major Sectors Consulting
Top Recruiters Amazon, Flipkart, Microsoft
  • 192 recruiters visited the campus.
  • Students received 640 placement offers.
  • The average salary was 34.2 LPA.
  • The median stood at INR 31 LPA.
  • Consulting was the major sector during the placement drive.
  • Amazon. Flipkart, Microsoft were the top recruiters.

IIM Calcutta Placements 2022 Domain – Wise

The following table represents the domain wise placements of batch 2022 at IIM Calcutta:

Sectors Percentage of Students Placed
Consulting 49%
Product Management and Operations  19%
Investment Banking and Marquee Asset Management 18%
General Management and Marketing 14%

During the placement drive, the highest number of placement offers were made from the Consulting domain.

IIT Delhi MBA Placements 2022

The below table represents the highlights of IIT Delhi MBA Placements 2022:

particulars Placements Statistics 2022
Placement Percentage 100%
Highest Salary INR 36.7 LPA
Average Salary INR 21.9 LPA
Median Salary INR 20.6 LPA
Average Salary of the Female Students INR 21.9 LPA
Major Industries Information Technology, Supply Chain & Operations
Top Recruiters Accenture, Capgemini, Flipkart, Gartner
  • The participating batch achieved 100% placement.
  • The highest salary stood at INR 36.7 LPA.
  • The average salary stood at INR 21.9 LPA.
  • The median salary stood at INR 20.6 LPA.
  • Female students received an average salary of INR 21.9 LPA.
  • Information Technology was the top industry followed by the Supply Chain & Operations instrustry.
  • Accenture, Capgemini, Flipkart, Gartner etc were the top recruiters.

IIT Delhi MBA Placements 2022 Industry - Wise

The below table represents the industry - wise data of IIT Delhi MBA Placements:

Industries Offer Percentage
Information Technology 27%
Supply Chain & Operations 26%
Sales & Marketing  18%
Data Analytics 11%
Consulting 9%
Others 9%

During the placement drive, the highest number of placement offers were made from the Information Technology industry followed by the Supply Chain & Operations industry.

IIT Delhi MBA Placements 2022 Domain - Wise

The below table shows the domain - wise statistics of IIT Delhi MBA Placements 2022:

Domains Offer Percentage
Sales & Marketing 25.3%
Strategy & Consulting 23.8%
IT & Analytics 18.1%
Supply Chain & Operations 17.3%
Finance 10.5%
General Management 5%

During the placement drive, the highest number of placement offers were made from the Sales & Marketing domain followed by the Strategy & Consulting domain.

IIM Kozhikode Placements 2022

The below table shows the highlights of IIM Kozhikode Placements 2022:

Particulars Placement Statistics 2022
Placement Rate 100%
Batch Size 546
Number of Companies Participated 116
Number of New Recruiters 39
Number of Offers 571
PPO/PPI 38%
Highest CTC INR 61.5 LPA
Average CTC INR 29.5 LPA
Average CTC for Top 50% INR 39.2 LPA
Median CTC INR 26.5 LPA
Major Domains Consulting and BFSI
Top Recruiters Accenture, Amazon, Microsoft
  • 571 placement offers were made to 546 students.
  • 116 recruiting companies participated in the placement drive.
  • The placement percentage was 100%.
  • The highest salary stood at INR 61.5 LPA.
  • The average salary stood at INR 29.5 LPA.
  • The median salary stood at INR 26.5 LPA
  • Consulting & BFSI are the top recruiting domains.
  • Major recruiters included Accenture, Amazon, Microsoft etc.

IIM Kozhikode Placements 2022 Sector - Wise

The below table shows the sector - wise data of IIM Kozhikode Placements 2022:

Sectors Offers Percentage
Consulting 41%
BFSI 19%
Retail & E - Commerce 13%
IT/Analytics 12%
Manufacturing 5%
Technology, Media & Telecommunication 3%
Conglomerates 3%
Others 4%

During the placement drive, the highest number of offers were made from the Consulting sector.

IIM Kozhikode Placements 2022 Domain - Wise

The below table represents the domain - wise highlights of IIM Kozhikode Placements 2022:

Domains Offers Percentage Average Salary Highest Salary
Consulting 41% INR 30.7 LPA INR 44.87 LPA
Finance 15% INR 21.5 LPA INR 32 LPA
General Management 6% INR 25.46 LPA INR 28 LPA
IT / Analytics 15% INR 32.8 LPA INR 55.2 LPA
Operations 10% INR 35.59 LPA INR 49 LPA
Sales & Marketing 13% INR 28.33 LPA INR 61.5 LPA

During the placement drive, the highest number of placement offers were made from the Consulting domain. The highest salary came from the Sales & Marketing domain followed by the IT/ Analytics domain.

IIM Lucknow Placements 2022

The below table shows the highlights of IIM Lucknow Placements 2022:

Batch Placement Statistics 2022
Percentage Of Students Placed 100%
Number of Students 491
Number of Recruiters Participated 150
Number of Offers 534
Highest International CTC INR 61.59 LPA
Highest Domestic CTC INR 58 LPA
Average CTC INR 31.03 LPA
Median CTC INR 29 LPA
Major Sectors Consulting, Finance, General Management
Top Recruiters Microsoft, Myntra, Winzo Games, Vodafone - Idea
  • 150 recruiters participated in the placement drive.
  • These recruiters made 534 placement offers.
  • The placement percentage was 100%.
  • The highest international salary stood at INR 61.59 LPA.
  • The highest domestic salary stood at INR 58 LPA.
  • The average salary was 31.03 LPA.
  • The median salary was INR 29 LPA.
  • Consulting, Finance, General Management were the major sectors.
  • Microsoft, Myntra, Winzo Games, Vodafone - Idea etc were the top recruiters.

IIM Indore Placements 2022

The below table represents the highlights of IIM Indore Placements 2022:

Particulars Placement Statistics 2022
Number of Students 572
Number of Recruiters 200+
First Time Recruiters 30
Highest International CTC INR 70 LPA
Highest Domestic CTC INR 49 LPA
Top 100 Students CTC INR 37.95 LPA
Average CTC INR 25.01 LPA
Median CTC INR 24.09 LPA
Major Domains Consulting & Finance
Top Recruiters Accenture Strategy, BMW, Cisco
  • 200+ recruiters participated in the placement drive. Among these recruiters, 30 were first - time recruiters.
  • The highest international salary stood at INR 70 LPA.
  • The highest domestic salary was INR 49 LPA.
  • Top 100 average salary stood at INR 37.95 LPA.
  • The overall average salary stood at INR 25.01 LPA.
  • The median salary stood at INR 24.09 LPA.
  • Consulting & Finance were the top recruiting domain.
  • Accenture Strategy, BMW, Cisco etc were the top recruiters.

XLRI Jamshedpur Placements 2022

The below table represents the highlights of XLRI Jamshedpur Placements 2022:

Particulars Placement Statistics 2022
Placement Percentage 100%
No. of Recruiters  99
No. of New Recruiters 23
PPOs 40.28%
No. of Students Placed 427
Highest CTC INR 60 LPA
Average CTC INR 30.73 LPA
Median CTC INR 29 LPA
Average CTC (Top 10%) INR 48.42 LPA
Average CTC (Top 25%) INR 41.2 LPA
Top Recruiters Swiggy, American Express, FreshWorks
  • 99 recruiters participated in the placement drive. Among these recruiters, 23 were new recruiters.
  • The placement percentage was 100%.
  • 427 students were placed during the placement drive.
  • The highest salary stood at INR 60 LPA.
  • The average salary stood at INR 30.73 LPA.
  • The median salary stood at INR 29 LPA.
  • Top 10% average salary stood at INR 48.42 LPA.
  • Top 25% average salary stood at INR 41.2 LPA.
  • Swiggy, American Express, FreshWorks etc participated in the placement drive.

NITIE Mumbai Placements 2022

The below table shows the highlights of NITIE Mumbai Placements 2022: 

Particulars Placements Statistics 2022
Number of Companies Participated 111
Total Number of Students 464
Number of Offers 160
Percentage of Students offered PPOs 33%
Highest Salary INR 49 LPA
Average Salary INR 25.41 LPA
Top Recruiters Amazon, Deloitte, KPMG, Flipkart
  • 111 recruiters visited the campus.
  • These recruiters made a total of 160 placement offers.
  • The percentage of PPOs was 33%.
  • The highest salary stood at INR 49 LPA.
  • The average salary stood at INR 25.41 LPA.

IIT Madras Placements 2022

The below table shows the highlights of IIT Madras MBA Placements 2022:

Particulars Placements Statistics 2022
Number of recruiters 34
Number of students registered 71
Number of PPOs 16%
Highest salary INR 25.30 LPA
Average salary INR 16.66 LPA
Top 10% average salary INR 22.47 LPA
Top 25% average salary INR 21.62 LPA 
Top 50% average salary INR 20.27 LPA 
Major domain Finance, Marketing, Analytics
Top recruiters EY, ICICI Bank, Tiger Analytics, Dell, Amazon, IBM, Mahindra & Mahindra 
  • 34 recruiters participated in the placement drive.
  • 71 students registered to participate.
  • 16% PPOs were received by the students.
  • The highest salary stood at INR 25.30 LPA.
  • The average salary stood at INR 16.66 LPA
  • Top 10% average salary stood at INR 22.47 LPA.
  • Top 25% average salary stood at INR 21.62 LPA.
  • Top 50% average salary stood at INR 20.27 LPA.
  • Finance, Marketing & Analytics were the top domains.
  • EY, ICICI Bank, Tiger Analytics, Dell, Amazon, IBM, Mahindra & Mahindra ertc were the top recruiters.

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