IIM Raipur Placements 2023: Average Package: INR 34.64 LPA & Highest Package: INR 67.60 LPA

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IIM Raipur Placements 2023: Average Package: INR 34.64 LPA & Highest Package: INR 67.60 LPA

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Written By Mayank Badhwar 

IIM Raipur also known as Indian Institute of Management Raipur has concluded its placement for MBA batch of 2023. This marks the institute's continuation of its 100% placement record with the highest package at INR 67.60 LPA and the average package at INR 34.64 LPA whereas the median package stood at INR 20 LPA. The maximum number of students were placed in the Banking Financial Service and Insurance (BFSI) sector.

IIM Raipur has also released its summer Internship Placement report for the passing out batch of 2024 in which 109 recruiters provided Internship opportunities to 328 students. The Highest Stipend stood at INR 3.50 Lakhs whereas the Average Stipend stood at INR 1.39 Lakhs.

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IIM Raipur Placement Highlights

IIM Raipur Placements 2023 Highlights

Batch Placement Statistics (2021-23) Placement Statistics (2020-22)
Students Registered for Placements 255 252
Students Placed 255 252
Companies Participated 107 113
Number of New Recruiters 32 -
Number of Offers - 275
Highest CTC INR 67.60 LPA INR 42.15 LPA
Average CTC INR 34.64 LPA INR 17.73 LPA
Median CTC INR 20 LPA INR 16.95 LPA
Average CTC of Top 25% Students INR 28.25 LPA INR 24 LPA
Average CTC of Top 50% Students INR 24.77 LPA INR 21.01 LPA
Top Recruiters IBM, HDFC Bank, TATA Steel Accenture, Airtel, IBM, Swiggy

IIM Raipur maintained its 100% placement record this year as well as all 255 students that participated in the placement drive were placed by 107 participating recruiters.

The highest CTC stood at INR 67.60 LPA and the average CTC stood at INR 34.64 LPA whereas the median CTC stood at INR 20 LPA and top 25% and 50% students were offered the average CTC of INR 28.25 LPA and INR 24.77 LPA respectively.

Read IIM Raipur Admission 2023

IIM Raipur Placements Year - Wise Trends

The following table represents the year wise trends at IIM Raipur:

Years Average CTC Average CTC of Top 50% Average CTC of Top 25% Highest CTC
2016-18 INR 12.45 LPA INR 15.76 LPA INR 17.5 LPA INR 22.05 LPA
2017-19 INR 14.54 LPA INR 17.18 LPA INR 18.56 LPA INR 24.56 LPA
2018-20 INR 15.20 LPA INR 18.72 LPA INR 21.28 LPA INR 46 LPA
2019-21 INR 15.11 LPA INR 18.53 LPA INR 20.61 LPA INR 30 LPA
2020-22 INR 17.73 LPA INR 21.02 LPA INR 24.01 LPA INR 42.15 LPA

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IIM Raipur Placements 2023 Industry - Wise

The following table represents the industry wise placements at IIM Raipur:

Industry Percentage of Students Placed Highest CTC Average CTC
BFSI 32% INR 32.50 LPA INR 21.02 LPA
IT / ITES 23% INR 43.43 LPA INR 21.29 LPA
Strategy & Consulting 14% INR 32.21 LPA INR 19.64 LPA
FMCG / FMCD 12% INR 67.60 LPA INR 21.78 LPA
Manufacturing 12% INR 62 LPA INR 22.39 LPA
Miscellaneous 7% INR 25.50 LPA INR 19.55 LPA

In the placement drive of 2023, the maximum percentage of students were placed in the BFSI sector (32%) followed by IT/ITES (23%).

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IIM Raipur Placements 2023 Function - Wise

The following table represents the function wise placements at IIM Raipur:

Function Percentage of Students Placed Highest CTC Average CTC
Sales & Marketing 29% INR 67.60 LPA INR 20.98 LPA
Analytics & Consulting 28% INR 32.21 LPA INR 19.09 LPA
Operations and IT 20% INR 43.43 LPA INR 23 LPA
Financial Management 12% INR 32.50 LPA INR 20.87 LPA
General Management 11% INR 62 LPA INR 22.94 LPA

During the placement drive of 2023, the maximum percentage of students were placed in the Sales & Marketing function (29%) followed by Analytics and Consulting function (28%).

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IIM Raipur Placements 2022 Batch Profile

IIM Raipur Batch Profile

IIM Raipur Summer Internship Placements 2023 Highlights

Particulars Internship Statistics 2024 Internship Statistics 2023
No. of Students in the Batch 328 262
No. of Recruiting Companies Participated 109 108
No. of New Recruiters - 57
Highest Stipend INR 3.50 Lakhs per month INR 3.50 Lakhs per month
Average Stipend INR 1.39 Lakhs per month INR 1.20 Lakhs per month
Average Stipend (top 10%) INR 2.79 Lakhs per month INR 2.59 Lakhs per month
Average Stipend (top 25%) INR 2.43 Lakhs per month INR 2.04 Lakhs per month
Average Stipend (top 50%) INR 2.11 Lakhs per month INR 1.66 Lakhs per month
Top Job Roles - Sales & Marketing
Top Recruiters - Airtel, Berger Paints, Cognizant, BYJU’s

During IIM Raipur Summer Internship Placements 202, 108 recruiters participated & placed 328 students. The highest stipend received was INR 3.50 Lakhs per month. The average stipend stood at INR 1.39 Lakhs per month. The average stipend stood at INR 2.79 Lakhs for top 10%, INR 2.43 Lakhs for top 25%, INR 2.11 Lakhs for top 50% of the students. 

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IIM Raipur Placements 2022 Top Recruiters

IIM Raipur Recruiters

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IIM Raipur Alumni Network

Name of the Companies No. of Alumni
IIM Raipur 82
ICICI Bank 69
Deloitte India (U.S. offices) 62
Cognizant 41
Accenture 31
Amazon 23
Deloitte 20
HDFC Bank 20
Vedanta Resources Ltd. 20
UltraTech Cement 18
Tata Steel 17
CEC 13
Maruti Suzuki India Ltd. 13
Indian Oil Corporation Ltd. 12
Larsen & Toubro 11

IIM Raipur Placements FAQs

Ques. What was the highest CTC offered in the placement drive of 2023 at IIM Raipur?

Ans. In the placement drive of 2023 at IIM Raipur, the highest CTC stood at INR 67.60 LPA and the average CTC stood at INR 34.64 LPA.

Ques. How many students were placed in the placement drive of 2023 at IIM Raipur?

Ans. In the placement drive of 2023 at IIM Raipur, 255 students were placed. This year as well the institute has maintained 100% placements.

Ques. How many companies were placed in the placement drive of 2023 at IIM Nagpur?

Ans. In the placement drive of 2023 at IIM Nagpur, around 107 companies participated in the placement drive.

Ques. Which are the top recruiting companies at IIM Raipur?

Ans. Some of the top recruiters like Accenture, Airtel, IBM, Swiggy participated in the placement drive of 2022 at IIM Raipur.

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IIM Raipur Highest and Average Package

Highest PackageAverage Package
43.40 L
19.07 L
08.7 Lakhs17.4 Lakhs26.0 Lakhs34.7 Lakhs43.4 Lakhs

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IIM Raipur: 7 Answered Questions

How is the placement scenario at IIM Raipur? Is it as good as shown in their placement report or is it inflated? And what are your reviews on IIM Raipur?

Mohit Sarohi
Malabika GhoseMBA in Marketing & Strategy, Indian Institute of Management Raipur

IIM Raipur placements have been pretty good over the last few years. Here are the recent placement highlights for the institute.

Parameters  Statistics (2019-2021 Statistics (2020-2022)
Average CTC  INR 15.11 LPA INR 17.73 LPA
Median CTC INR 14.8 LPA INR 16.95 LPA
Highest CTC  INR 30 LPA INR 42.15 LPA
No. Companies participated 140+ 113

Tata Steel, HDFC Bank, IBM, Accenture, IBM, Airtel, etc. are among the top recruiters that took part in the placement drive. 

IIM Raipur doesn’t inflate the placement report. Overall, it is a decent B-school and offers excellent academics.

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What is the placement scenario at VGSoM (IIT Kharagpur) when compared with new IIMs like Ranchi, Raipur, Kashipur, Trichy, Udaipur, and Rhotak?

SagardeepStudied Marketing at Indian Institute of Management, Tiruchirappalli, Tamil Nadu, India

In 2022, the VGSOM IIT Kharagpur business school achieved a 100% placement rate for its students. All 97 students who registered for the placement process were successfully placed in jobs. The highest salary package offered during the placement process was 31.98 LPA, while the average package was 19.36 LPA. These strong placement results demonstrate the success of VGSOM IIT Kharagpur in preparing its students for the job market and the value that employers place on its graduates.

Here is an individual's experience at IIT Roorkee, which was one in which he received admission to the institute in 2004 after having eight years of work experience. At that time, the management programs at IITs were relatively new and placements were not as strong as they are now. Despite this, he decided to attend IITR and focus on their studies and enjoying their MBA experience, rather than worrying about job prospects. As a result, he performed well academically and was able to secure an okay job in the IT industry. Through hard work and dedication, he was able to triple his salary within four years and work on projects in various countries. Ultimately, he retired in 2010 to travel and is still doing so seven years later. He believes that both IITs and new IIMs are good options for business education and that it ultimately depends on the individual's goals and priorities. He advises focusing on academics and enjoying the experience, as a job will eventually be obtained.

...Read More
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Can a student at the IIM Raipur get a placement in Raipur or a nearby city?

Zemima Khan
Brijesh Mishrastudied at National Institute of Technology, Raipur (2021)

Let me be honest, your chances of getting an offer from Raipur itself are very less. My stance can be proved through the following reasons 

  • Raipur is not a very big city and does not have many top firms that will visit the IIM campus.
  • In case a company does visit, you have to get shortlisted and give the interview on the same day. Without proper preparation, you might even flunk it.
  • Even with the low chances a company does visit the campus, the chances of your second-year specialization matching with the specialization that particular company is looking for are rare.
  • It was extremely difficult to get into an IIM after facing tough competition. In such a case you shouldn’t limit your chances to a single location only.

Broaden your options and trust me once out of IIM you will be brave enough to survive anywhere.

...Read More
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Why are IIM Ranchi and Raipur underrated compared to IIM Udaipur even after better placement records?

Ankita Rakshit
Swathi Kiran KumarPh.D. from Indian Institute of Management Raipur (2020)

I think the single most important reason why IIM Raipur and Ranchi are considered below IIM Udaipur is the lack of proper marketing. IIM Udaipur has managed to make its mark through enough marketing and promoting research culture. The IIMRs is also flawed in the sense that they are located in extremely poor economic states. This flaw overshadows all their features and the fact that they have better placement scenarios than IIM Udaipur.

Every IIM has set a certain goal and is gradually climbing the ladder to reach its level of excellence. The same is the case with IIMRs. In just a few years these two will be among the best IIMs in India.

...Read More
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Which is the best college in terms of placement in OPS/consulting/general management among IIM Raipur, Rohtak and Udaipur?

Patil Amruta
Vinayak PathakMBA Operations & Marketing, Indian Institute of Management, Tiruchirappalli, Tamil Nadu, India (2018)

I am aware of the placement scenario at IIM Udaipur only as my sister recently graduated from it.

Operations

The faculty base of this domain specifically is very experienced and includes world class professors like Director Prof. Janat Shah. 

Apart from faculty, the club SKEIN conducts national level summits (SCM Summit) by inviting industry experts to enlighten the students.

Consulting

The consulting club ConsultU takes charge of providing live projects throughout the year for students.

Placements 

Domain

Number of students placed

placement percentage

General Management

59

19%

Consulting / Strategy

75

24%

Operations/ Supply Chain Management

7

2%

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What was the Summer Internship data for IIM Raipur?

Epil Gagrai

The summer internship of batch 2022-24 recorded 100% placement with the participation of 109 companies and among them 41 were new recruiters. The highest stipend stood at INR 3.50 lakhs, the average at INR 1.39 lakhs and the median at INR 1.50 lakhs for 2 months. The Sales & Marketing domain was the best-performing domain with the most offers. 

The domain-wise placement statistics are as follows:

Domains Percentage of Students
Sales & Marketing  49%
Operations and IT 19%
Analytics and Consulting  12%
General Management 11%
Financial Management 9%

The sector-wise placement statistics are as follows:

Sectors Percentage of Students
BFSI 18%
FMCG/ FMCD 23%
IT/ ITES 16%
Manufacturing  13%
Strategy & Consulting  11%
Miscellaneous 19%
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Which jobs were open in the top sectors during IIM Raipur's 2024 placements?

Mansi Jain

Jobs and types of profiles are completely based on the specialization. As we look into the placement data of 2023, sales and marketing emerged as the most demanding specialization among students with approximately 98% of the students in this field being placed.

Over 80 companies participated, with the top recruiters including HDFC Bank, TATA Steel, IBM Bank, SAMSUNG, McKinsey & Company etc. The Banking, Financial Services and Insurance (BFSI) sector offered the most placements, providing prestigious profiles like business associate, senior lead associate, senior executive, senior associate, assistant manager etc.

...Read More
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0
View All Questions and Answers

Frequently Visited Companies

Companies
CognizantErnst & YoungGenpactIBM
InfosysMu SigmaAccentureDeloitte
Tata SteelHero MotocorpTVS MotorsHCL Technologies
MAQ SoftwareTresvista Financial ServicesVedantaMindTree
Tata ElxsiVirtusaICICI BankICICI Prudential
Aakash Educational Services Ltd.SUZLONLarsen & Toubro LimitedAsian Paints

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