IIM Indore Placements 2023: Average Package: INR 30.21 LPA & Highest Package: INR 1.14 Cr
IIM Indore Placements 2023: Average Package: INR 30.21 LPA & Highest Package: INR 1.14 Cr
IIM Indore placements 2023 have now concluded. There was an increase of 132.6% in the IIM Indore Highest package, which amounted to INR 1.14 CPA, and an increase of 20.8% in the IIM Indore average package, which amounted to INR 30.21 LPA.
IIM Indore has concluded its Summer Internship Placements for the passing out batch of 2024. A total of 140 firms and 606 Students participated. There was 50% and 37% Increase in the Highest and Average Stipend which stood at INR 6 Lakhs and INR 2.74 Lakhs respectively. The maximum percentage of students were offered Internships in the Consulting Sectoe (25%).
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Table of Content
- IIM Indore Placements 2023 Report
- IIM Indore Placements 2023 Domain Wise
- IIM Indore Placements 2022 Salary Statistics
- IIM Indore Placements 2022 Domain - Wise
- IIM Indore Placements 2022 Course - Wise
- IIM Indore MBA Placements 2022
6.1 IIM Indore MBA Placements 2022 Batch Profile
6.2 IIM Indore MBA Placements Year - Wise Trends
6.3 IIM Indore MBA Placements 2022 Top Recruiters
7.1 IIM Indore Executive MBA Placements 2022 Statistics
7.2 IIM Indore Executive MBA Placements Year - Wise Trends
7.3 IIM Indore Executive MBA Placements 2022 Top Recruiters
8.1 IIM Indore PGP-HRM Placements 2022 Top Recruiters
9.1 IIM Indore Summer Internship Placements 2024 Statistics
9.2 IIM Indore Summer Internship Placements 2024 Domain - Wise
10.1 IIM Indore Consulting Sector Placements 2021
10.2 IIM Indore Finance Sector Placements 2021
10.3 IIM Indore Sales & Marketing Placements 2021
10.4 IIM Indore General Management / Ops / HR Sector Placements 2021
10.5 IIM Indore IT / E-Commerce / Analytics Sector Placements 2021
IIM Indore Placements 2023 Report
| Particulars | Placement Statistics 2023 | Placement Statistics 2022 |
|---|---|---|
| Number of Students | 568 | 572 |
| Number of Recruiters | 160 | 200+ |
| First Time Recruiters | 80+ | 30 |
| Highest International CTC | - | INR 70 LPA |
| Highest Domestic CTC | INR 1.14 CPA | INR 49 LPA |
| Top 100 Students CTC | - | INR 37.95 LPA |
| Average CTC | INR 30.21 LPA | INR 25.01 LPA |
| Median CTC | INR 27.2 LPA | INR 24.09 LPA |
| Major Domains | Finance and Sales & Marketing | Consulting & Finance |
| Top Recruiters | Amazon, BCG, Cipla | Accenture Strategy, BMW, Cisco |
IIM Indore is regarded as one of the best Management institutes in the country, however, it has always witnessed tough competition from IIM Bangalore and IIM Calcutta. The following table represents the campus-wise comparative analysis between IIM Calcutta, IIM Bangalore, IIM Lucknow, and IIM Nagpur:
| Institute | No. of Recruiters | No. of Offers | Highest CTC (Range) | Top Recruiter |
|---|---|---|---|---|
| IIM Calcutta | 192 | 640 | INR. 70-100 LPA | Gaza Capital , SAIF Partners |
| IIM Bangalore | 137 | 662 | INR. 50-55 LPA | EY - Parthenon |
| IIM Lucknow | 150 | 534 | INR 61.59 LPA | EY Parthenon, Microsoft |
| IIM Nagpur | 41+ | - | INR. 31.54 LPA | Deloitte, Collegedunia |
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IIM Indore Placements 2023 Domain Wise
The following table represents the domain wise placements for the batch 2023 at IIM Indore:
| Domains | Number of Students Placed |
|---|---|
| Consulting | 29% |
| Finace | 18% |
| Sales & Marketing | 18% |
| IT, Analytics and Product Management | 16% |
IIM Indore Placements 2022 Salary Statistics
The following table represents the Salary statistics of batch 2022 at IIM Indore:
| Number of Students | Average Salary Offered |
|---|---|
| Top 100 Students | INR 37.95 LPA |
| Top 200 Students | INR 32.75 LPA |
IIM Indore Placements 2022 Domain - Wise
The following table represents the domain wise placements at IIM Indore:
| Domains | Percentage of Students Placed |
|---|---|
| Sales & Marketing | 18% |
| Consulting | 31% |
| Finance | 20% |
| Genman, Ops & Others | 16% |
| IT / Analytics | 15% |
IIM Indore Placements 2022 Course - Wise
The following infographic represents the course wise placements at IIM Indore:
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IIM Indore MBA Placements 2022
The following table represents the PGP & IPM Placements of batch 2022 at IIM Indore:
| 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 |
IIM Indore MBA Placements 2022 Batch Profile
The following Infograph represents the batch profile of 2022 batch of PGP & IPM programme at IIM Indore:
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IIM Indore MBA Placements Year - Wise Trends
The following table represents the year wise trends at IIM Indore:
| Particulars | Placement 2022 | Placement 2021 | Placements 2020 |
|---|---|---|---|
| Number of Companies Participated | 200+ | 210+ | 160+ |
| Number of Students Placed | 572 | 579 | 522 |
| Highest Package | INR 49 LPA | INR 41.5 LPA | INR 50 LPA |
| Average Package | INR 25.01 LPA | INR 23.6 LPA | INR 22.92 LPA |
| Median Package | INR 24.09 LPA | INR 22.6 LPA | INR 22 LPA |
IIM Indore MBA Placements 2022 Top Recruiters
IIM Indore Executive MBA Placements 2022
| Batch | EPGP 2022 |
|---|---|
| Total Number of Students | 57 |
| Students opted out of Placements | 4 |
| Number of Roles Offered | 57 |
| Highest CTC | INR 70 LPA |
| Average CTC | INR 25.9 LPA |
| Median CTC | INR 23.6 LPA |
| Average CTC of Top 25% Students | INR 33.7 LPA |
| Average CTC of Top 50% Students | INR 31.3 LPA |
| Average CTC of Female Participants | INR 27.3 LPA |
| Top Recruiters | Accenture, EY, Fareye |
In the executive placement drive of 2022, the highest CTC of INR 70 LPA and the average CTC of INR 25.9 LPA was offered to the students.
A total of 57 students were registered for the placement among which 4 opted out and a total of 57 offers were received.
Recruiters like Accenture, EY, Fareye participated in the placement drive of 2022.
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IIM Indore Executive MBA Placements 2022 Statistics
The following table represents the IIM Indore Executive MBA employment statistics of batch 2022:
| Particulars | Figures |
|---|---|
| New Recruiters | 34 |
| Increase in Highest CTC | 114% |
| Increase in Average CTC | 30% |
| Increase In Pay Post EPGP | 109% |
| Median Increase in Pay Post EPGP | 114% |
| Percentage of Students Secured Offers during Course Duration | 100% |
IIM Indore Executive MBA Placements Year - Wise Trends
The following table represents the EPGP year wise placement trends at IIM Indore:
| Particulars | Placement 2022 | Placement 2021 | Placements 2020 |
|---|---|---|---|
| Number of Companies Participated | 100+ | 100+ | 70+ |
| Number of Students Placed | 53 | 61 | 37 |
| Highest Package | INR 70 LPA | INR 32.76 LPA | INR 80 LPA |
| Average Package | INR 25.9 LPA | INR 19.99 LPA | INR 24.10 LPA |
| Median Package | INR 23.6 LPA | INR 19.75 LPA | INR 18.98 LPA |
IIM Indore Executive MBA Placements 2022 Top Recruiters
IIM Indore PGP-HRM Placements 2022
| Batch | PGP - HRM 2022 |
|---|---|
| Number of Recruiters | 20+ |
| Highest CTC | INR 36 LPA |
| Average CTC | INR 20.3 LPA |
| Median CTC | INR 24.09 LPA |
| Average CTC of Top 25% Students | INR 24.4 LPA |
| Average CTC of Top 50% Students | INR 22.6 LPA |
| Average CTC offered to Male Students | INR 19.6 LPA |
| Average CTC offered to Female Students | INR 20.8 LPA |
In the PGP - HRM Placements of 2022 at IIM Indore, more than 20 recruiters participated in the. The highest CTC of INR 36 LPA and Average CTC of INR 20.3 LPA was offered to the students.
IIM Indore PGP-HRM Placements 2022 Top Recruiters
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IIM Indore Summer Internship Placements 2024
| Batch | 2022 | 2023 | 2024 |
|---|---|---|---|
| Number of Recruiters Participated | 190+ | 150+ | 140 |
| New Recruiters | 70+ | 30+ | 55+ |
| Highest Stipend | INR 3.2 Lakhs | INR 4 Lakhs | INR 6 Lakhs |
| Average Stipend | INR 1.8 Lakhs | INR 2 Lakhs | INR 2.74 Lakhs |
| Median Stipend | - | INR 2 Lakhs | INR 2.7 Lakhs |
| Average Stipend of Top 100 Students | INR 2.95 Lakhs | INR 3.1 Lakhs | - |
| Average Stipend of Top 200 Students | - | INR 2.75 Lakhs | - |
| Top Recruiters | Cipla, JSW, Amazon | BCG, Deloitte, DE Shaw | Adani Group, Amway, Apollo Tyres |
In the summer internship placement drive of 2024, more than 140 recruiters participated in the placement drive, among which 55+ were first time recruiters.
The highest stipend of INR 6 Lakhs was offered to the students whereas the average stipend stood at INR 2.74 Lakhs.
Recruiters like BCG, PwC, Amazon, Cipla, JSW, Reliance, VI, Microsoft, Deloitte, DE Shaw made internship offers.
IIM Indore Summer Internship Placements 2024 Statistics
The following table represents the stipend statics of batch 2024 at IIM Indore:
| Particulars | 2024 | 2023 |
|---|---|---|
| Increase in Highest Stipend | 50% | 25% |
| Increase in Average Stipend | 37% | 11% |
| Increase in Median Stipend | 35% | 10% |
| Increase in Top 100 Stipend | - | 5% |
| Increase in Top 200 Stipend | - | 5% |
IIM Indore Summer Internship Placements 2024 Domain - Wise
The following table represents the domain wise summer internship offers of batch 2024 at IIM Indore:
| Domains | 2024 (Percentage of Students Placed) | 2023 (Percentage of Students Placed) |
|---|---|---|
| Consulting | 25% | 25% |
| Finance | 16% | - |
| Sales & Marketing | 23% | - |
| Automotive | - | 7% |
| Manufacturing | - | 7% |
| FMCG | - | 15% |
| E-Commerce | - | 7% |
| BFSI | - | 17% |
| Healthcare | - | 4% |
| IT & Analytics | 15% | 14% |
| Others | 21% | 4% |
In the summer internship placements of 2023, the maximum number of students were offered internships in the consulting domain (25%) followed by FMCG domain (15%).
IIM Indore Placements 2021 Sector Wise Analysis
As per the information collected by Collegedunia, the maximum number of students were placed in the Consulting sector followed by finance sector and the highest CTC of INR 45 LPA was offered by Amazon whereas the most number of students were offered the role of Sr. Associate and Sr. BA to 28 students by Cognizant.
| Sectors | Number of Students Placed | Highest CTC Range |
|---|---|---|
| Consulting | 122 | INR 28 - 30 LPA |
| Finance | 84 | INR 29 LPA |
| Sales & Marketing | 30 | INR 24 - 30 LPA |
| General Management / Ops/ HR | 40 | INR 28 - 45 LPA |
| IT / E-Commerce / Analytics | 70 | INR 25 - 30 LPA |
IIM Indore Consulting Sector Placements 2021
The following table represents the consulting sector placements for the batch 2021 at IIM Indore:
| Name of the Company | Roles Offered | No. of students Placed | CTC (LPA) |
|---|---|---|---|
| BCG | Sr Associate | 4 | 28-30 |
| Bain Capability Network | Associate | 6 | 14 |
| EY | Consultant | 16 | 20 |
| McKinsey | Jr Analyst, Consultant | 5 | 16-20 |
| Cognizant | Sr Associate, Sr BA | 28 | 13-20 |
| Deloitte | Consultant | 18 | 21 |
| Everest Group | Sr Analyst | 6 | 18 |
| GEP Consulting | Consultant | 7 | 20 |
| Infosys Management Consulting | Consultant | 8 | 14-15 |
| IQVIA | Consultant | 3 | 14-16 |
| Vector Consulting | Manager | 1 | 20 |
| Optum | Senior Product Analyst | 2 | 18-23 |
| PWC India | Consultant, Analyst, Associate | 15 | 12 |
| PWC US | Advisory | 1 | 20 |
| MXV Consulting | Consultant | 2 | 16 |
IIM Indore Finance Sector Placements 2021
The following table represents the finance sector placements for the batch 2021 at IIM Indore:
| Name of the Company | Roles Offered | No. of students Placed | CTC (LPA) |
|---|---|---|---|
| Axis Bank | MT, Assistant Manager | 12 | 20 |
| Bank Of America | Manager - Trade Finance | 2 | 17.5 |
| Barclays | Senior Business Analyst | 1 | 14-18 |
| Credit Suisse | Market Risk Analyst | 5 | 15-18 |
| CRISIL | Consultant | 1 | 13 |
| DE Shaw | Analyst | 1 | 29 |
| Deutsche Bank | Corporate Banking Analyst, AVP | 8 | 18-20 |
| Fidelity | Product Analyst | 2 | 16-18 |
| Goldman Sachs | Investment Banking Analyst, Analyst | 9 | 22 |
| HDFC Bank | Management Associate | 1 | 15 |
| HSBC | Global Operations Graduate | 4 | 18 |
| ICICI Bank | Wholesale Banking, Product | 10 | 17.5 |
| IDFC First Bank | Sales, Product strategy | 7 | 18 |
| JPMC | Investment Banking Analyst (2- PPO) | 9 | 18 |
| Morgan Stanley | Investment Banking Analyst | 4 | 24 |
| Nomura | Analyst | 1 | 18 |
| SBI General Insurance | Management Trainee | 3 | 15 |
| State Street | Asst Manager | 4 | 18 |
IIM Indore Sales & Marketing Placements 2021
The following table represents the sales & marketing sector placements for the batch 2021 at IIM Indore:
| Company | Role | No of students | CTC (LPA) |
|---|---|---|---|
| Asian Paints | Management Trainee | 3 | 22 |
| Bajaj Auto | Management Trainee | 2 | 22 |
| Cummins | Process Planning Manager | 2 | 16-18 |
| Diageo | Management Trainee | 3 | 15-20 |
| GSK | Management Trainee | 3 | 17-20 |
| Henkel | Distribution | 2 | 13.5 |
| HUL | Sales and Marketing | 3 | 24-30 |
| Hindware | Sales and Marketing | 0 | 12 |
| ITC | Sales and Marketing | 2-3 | 28 |
| Loreal | Associate | 1 | 22 |
| Marico | Management Trainee | 2 | 23-24 |
| MORE Retail | Management Trainee | 2 | 16 |
| Piramal | Management Trainee | 3 | 22 |
| Xiaomi | Management Trainee | 1 | 14-16 |
IIM Indore General Management / Ops / HR Sector Placements 2021
The following table represents the General Management / Ops / HR sector placements of batch 2021 at IIM Indore:
| Company | Role | No of students | CTC (LPA) |
|---|---|---|---|
| ACT Fibernet | Management Trainee | 2-3 | 20 |
| BlackBuck | Program Manager | 1 | 24 |
| Amazon | Product Manager, Consultant | 13 | 28-45 |
| Cipla | brand manager | 5 | 18 |
| Cummins | Process Planning Manager | 2 | 16-20 |
| JSW | Senior Sale manager | 1 | 18 |
| Jubilant foodworks | Management Trainee | 2 | 16 |
| L&T | Strategy, Planning, Analyst | 6 | 13 |
| Tata Steel | MT, Sales, Operations | 8 | 15.5 |
IIM Indore IT / E-Commerce / Analytics Sector Placements 2021
The following table represents the IT / E-Commerce / Analytics sector placements for the batch 2021 at IIM Indore:
| Name of the Company | Roles Offered | No of students Placed | CTC (LPA) |
|---|---|---|---|
| Microsoft | Product Manager | 3 | 25-30 |
| American Express | Risk Analyst, MT | 16 | 23-28 |
| GE | DTLP | 1 | 20 |
| Genpact | Asst. Manager | 7 | 12 |
| MuSigma | Trainee Apprentice Leader | 1 | 8-11 |
| Fractal Analytics | Consultant | 3 | 21 |
| TCS | Consultant, Business Analyst | 12 | 12 |
| Wipro | Consultant, Pre Sales | 16 | 15 |
| Mahindra Comviva | Product Manager | 1 | 21 |
| Policy Bazaar | Management Trainee | 1 | 18 |
| Yes Bank | Program Manager | 5 | 18.5-22 |
| Tech Mahindra | GLC | 3-4 | 17-20 |
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IIM Indore Alumni Network
| Name of the Company | Number of Alumni |
|---|---|
| Amazon | 264 |
| Deloitte | 236 |
| IIM Indore | 235 |
| Accenture | 212 |
| ICICI Bank | 211 |
| TCS | 176 |
| Cognizant | 171 |
| EY | 168 |
| American Express | 156 |
| Goggle | 113 |
| HDFC Bank | 97 |
| PwC | 91 |
| Capgemini | 90 |
| Flipkart | 77 |
| IRIS - IIM Indore Annual Fest | 69 |
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IIM Indore Placements FAQs
Ques. What was the salary offered in the placement drive of 2022 at IIM Indore?
Ans. In the placement drive of 2022 at IIM Indore, the highest CTC stood at INR 70 LPA and the average CTC stood at INR 25.01 LPA.
Ques. How many recruiters participated in the placement drive of 2022 at IIM Indore?
Ans. In the placement drive of 2022 at IIM Indore, over 200 recruiters participated in the placement drive among which 30 were new recruiters.
Ques. In which domain does the maximum number of students were placed in the placement drive of 2022 at IIM Indore?
Ans. In the placement drive of 2022 at IIM Indore, the maximum number of students were placed in the Consulting & Finance domain.
Ques. What was the salary offered to the Executive MBA batch of 2022 at IIM Indore?
Ans. In the placement drive of 2022 at IIM Indore, the Executive MBA batch of 2022 was offered the highest CTC of INR 70 LPA whereas the average CTC stood at INR 25.9 LPA.
Ques. At IIM Indore, what was the salary offered to the PGP-HRM class of 2022?
Ans. At IIM Indore's placement drive of 2022, the PGP-HRM batch of 2022 received an average CTC of INR 20.3 LPA and highest salary of INR 36 LPA.
Ques. Which are the top recruiting companies at IIM Indore?
Ans. Some of the top recruiting companies at IIM Indore were Accenture, Amway, KPMG, Google, Microsoft, ABInev and many others.
Ques. What was the stipend offered in the summer internship placements for the batch 2023 at IIM Indore?
Ans. In the Summer Internship Placement drive of 2023 at IIM Indore, the highest stipend of INR 4 Lakhs and average stipend of INR 2 Lakhs was offered to the students.
Ques. How many recruiters made Internship offers in the Summer Internship Placements of batch 2023 at IIM Indore?
Ans. In the Summer Internship Placements of 2023 at IIM Indore, more than 150 recruiters participated among which 30 were first time recruiters.
Ques. In which domain does the maximum number of students were offered internships at IIM Indore?
Ans. In the summer internship placements of 2022 at IIM Indore, the maximum number of internships were offered in the consulting domain (22%) followed by BFSI domain (18%).
Ques. How did the average stipend of IIM Indore summer placements change over time?
Ans. The average stipend during summer placements in 2021-23 rose by 11% to INR 4 lakh per month.
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IIM Indore Highest and Average Package
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Placement Experience:
The EPGP students have enough work experience and are placed in their respective domains and the process is recruiter based mostly. They have incremental placements from their previous experiences. The PGP and IPM batches are placed together, there is an equal representation of freshers and work experience guys in the batch. There are summer placements after the PGP year 1 and Final placements after the course completion. Consulting, Finance, Sales and Matketing, Analytics and Product Management are the main areas of employment. Niche firms like BCG, Kearney, JPMC, Goldman Sachs, HUL, Amazon etc hire from the campus directly.The process is completely transparent. The average placements ranged from 25-30 LPA in the last three years for the PGP IPM batches. Highest may go upto 1 Cr CTC, lowest has gone down upto 11 LPA. All the students get placed by hook or by crook in the end. It's a 2 week long process.
Placement Experience:
The EPGP students have enough work experience and are placed in their respective domains and the process is recruiter based mostly. They have incremental placements from their previous experiences. The PGP and IPM batches are placed together, there is an equal representation of freshers and work experience guys in the batch. There are summer placements after the PGP year 1 and Final placements after the course completion. Consulting, Finance, Sales and Matketing, Analytics and Product Management are the main areas of employment. Niche firms like BCG, Kearney, JPMC, Goldman Sachs, HUL, Amazon etc hire from the campus directly.The process is completely transparent. The average placements ranged from 25-30 LPA in the last three years for the PGP IPM batches. Highest may go upto 1 Cr CTC, lowest has gone down upto 11 LPA. All the students get placed by hook or by crook in the end. It's a 2 week long process.
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IIM Indore: 26 Answered Questions
What is the average package for MBA(HRM)at IIM Indore?
The PGP-HRM program at IIM Indore is well known for being an inaugural of innovative programs. The duration of the program is 2 years comprising 6 terms.
During the Placement Season 2022-23 of IIM Indore, the fourth batch of PGP HRM at IIM Indore welcomed a large number of recruiters from diverse sectors. In all, 20 recruiters offered roles to the students of IIM Indore’s 2023 Batch of PGPHRM. The total intake this year was 38 students only. Here are some additional placement highlights of this program Students of this program received roles in various domains in HR
- BFSI : The main recruiters of this domain were Hero Fincorp, ICICI Bank, and Kotak Mahindra Bank.
- Consulting : The next top domain was Consulting and companies like Deloitte USI, EXL Service, Capgemini, and Willis Towers Watson recruited students in this domain.
- Manufacturing: The top recruiters in the Manufacturing domain were Vedanta and Nuvoco Vistas.
- Miscellaneous: Other top recruiters included GAIL(PSU), Biocon, Crompton Greaves and Winzo.
The placement statistics of the PGPHRM Batch of 2023 have been tabulated below
|
Average CTC |
INR 22.65 LPA |
|
Increase in Average CTC |
11% |
|
Median Package |
INR 22.2 LPA |
|
Median package |
INR 34.5 LPA |
|
Average package for the top 25 percentile |
INR 27.53 LPA |
|
Average package for the top 50 percentile |
INR 25.42 LPA |
Hope this helps you!
How are placements at IPM IIM Indore as compared to IITs?
IIMs and IITs are completely different brands. While IIMs offer management studies, the forte of IITs is engineering studies. So it is not wise to compare the placements of IIM Indore with those of the IITs.
As per the consolidated report of IIM Indore, here are the 2023 placement stats for its PGP and IPM courses-
- The highest package for 2023 was 1.14 CPA, with an increase of 132.6% from the previous placement season.
- The average CTC was 30.21 LPA, and the median CTC was 27.2 LPA. The average CTC saw 20.8% increase, and the median CTC saw 12.9% increase.
- The average CTC for top 100 placed students was 52.06 LPA, and for top 200 placed students, it was 40.55 LPA.
- The list of prominent recruiters included names like Google, Adani, Accenture, Cipla, EY, IBM, etc.
- Companies from Consulting, Finance, General Management, HR, Operations, IT, Analytics, Sales and Marketing sectors visited the campus for recruitments.
Thus, IIM Indore is a great choice for your management studies. But make sure to choose your career path based on your goals and vision, instead of simply looking at the placement stats of various colleges.
What was the highest package at IIM Indore IPM?
IIM Indore has published a combined report for its PGP and IPM courses, for its 2023 placements. As per the report, the highest package was 1.14 CPA, with 132.6 % increase. The average CTC was 30.21 LPA, and the median CTC was 27.2 LPA. Companies like EY, Google, Accenture, Hitachi, HUL, MAQ Software, etc. visited the campus with job offers.
What is the average salary package after the completion of IPM from IIM Indore? For IPM graduates, were you satisfied with your packages?
As per the placement report 2023 (for PGP and IPM), the average package for the placement season was 30.21 LPA. The median package was 27.2 LPA. EY, HUL, Google, Hitachi, etc. visited the campus with placement offers.
As far as satisfaction goes, it is not only about the salary package. IIM Indore is a premier business school that offers top-class education and exposure. I know of people who graduated from IIM Indore and got decent-paying jobs. But their main goal is to earn a good certification and ample exposure in corporate. Their ultimate aim is to work on their startups. They want to build sustainable and successful enterprises.
This is my complete take on the placement stats at IIM Indore. I recommend you prefer a holistic approach while selecting your management college.
Does IIM Indore have a hard time getting everyone placed?
It’s not entirely true that IIM Indore has a hard time getting everyone placed. Yes, it does take longer to wrap up the placement as compared to other reputed B-Schools like SP Jain, NITIE, IIMK, etc.
One of my friends recently graduated from IIM Indore and according to her, the final placements for 2020, took nearly 2 months to complete. While the other B-Schools wrapped up placements in 1 to 1.5 weeks. This delay in placement has nothing to do with the quality of education at the institute. It is due to the large batch size.
But at IIM Indore almost every student gets placed in a decent job. It doesn't guarantee you that the job or the salary will satisfy you. You will have to work even harder and polish your skills more to secure your dream job.
Is an IIM Indore 5 year program worth it? What salary could one expect? Is it equivalent to doing the IIM MBA after the UG?
It is not equivalent to an IIM MBA because the candidates do not pass the CAT exam. As a result, the industry has not yet accepted the 5-year program.
In the five years that an IPM student spends at the institute, he or she is exposed to a plethora of excellent opportunities. Apart from institutionalized opportunities like social placements (after the third year), foreign exchange (9th term), and summer placements (4th year), there is a lot that happens as a part of the Students Activity Council. There are regular competitions for IPM students that not only award cash prizes but also provide excellent opportunities to interact with new people, make contacts, and learn new things.
What was the average package given to the students of first batch of IPM course - IIM Indore?
My friend belonged to the first graduating batch of IPM participants. Currently, he is well placed in a reputed company. Here are a few insights you need to know according to his experience back then.
- Most of his batchmates bagged offers from pioneer recruiters like Credit Suisse, Deloitte, Nomura, JP Morgan, HDFC, IndusInd Bank, IBM, ICRA Management Consulting, Tata Sky, UAE Exchange, etc.
- The batch received good feedback from the recruiters in the first placement season of IPM that was highly encouraging. 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.”
- Most of the students were offered a finance role with the average salary package being 11.96 LPA, including International offers such as EA to CFO & MD by a leading international foreign exchange company.
Overall, the placement record for the first batch of IPM was surprisingly great. With an average package of 11 LPA and the highest package of about 30 LPA, IPM of IIM was a huge success.
How are placements at IIM Indore?
There is a lot of work that any IIM/IIT must put in these days to ensure that the flag of their respective colleges flies high, and IIM Indore is no exception.
During the IIM Indore MBA summer placements 2024, the highest and average stipends were INR 6 lakh and INR 2.74 lakh for two months, respectively. During the IIM Indore MBA summer placements in 2024, more than 140 companies made offers. Leading companies such as Bain & Company, BCG, and KPMG were among the top recruiters for IIM Indore summer placements for the 2024 batch.
Previously, the highest and average package offered to the EPGP department during IIM Indore placements in 2022 was INR 70 LPA and INR 25.90 LPA, respectively.
How does IIM Indore and IIM Kozhikode compare head to head on placements?
IIM Indore and IIM Kozhikode are very similar to each other in most aspects, including placements.
But the main issue is IIM Indore’s huge batch size. IIM Indore admits almost double the MBA students as compared to IIM Kozhikode. This leads to immense competition among its students, even though Indore has an advantage over Kozhikode in terms of its recruiter numbers and profiles.
Apart from placements, a huge student intake places a lot of burden on the infrastructure and faculty at IIM Indore. The faculty to students ratio is better at IIM Kozhikode. But IIM Indore enjoys great connectivity, which IIM Kozhikode does not.
Both of them are highly prestigious business schools in India, and you shouldn’t just consider placements while choosing between them. Moreover, the market conditions can hugely affect the placements of a college for a certain year. Its impact may differ from one college to another.
What is the placement scenario for the IIM Indore IPM students?
Previous batches of IPM at IIM Indore have performed excellently in placements and bore good results. You will be recruited based on your capabilities during the placement season. Being an IPM student, you can sit with PGP students for placements.
This year’s placements were conducted virtually. The highlights of the placement season of 2021 are:
- In spite of the hurdles created by Covid 19, 100% placement was achieved.
- The average salary offered was INR 23.60 LPA.
- The top 100 students were offered an average salary of INR 33 LPA.
- The highest domestic salary offered was INR 41.50 LPA.
- The highest international salary offered was INR 56.80 LPA.
- 210 recruiters, which included 40 new ones participated in the placement season this year.
- 69% of the batch was recruited by consulting, finance, sales, and marketing.
This year, the IPM students of IIM Indore have achieved 100% placements.
Frequently Visited Companies
| Companies | |||
|---|---|---|---|
| Amazon | Bain & Company India Private Limited | Bank of America | Cognizant |
| Credit Suisse Business Analytics | McKinsey & Co | Mu Sigma | Wipro |
| Barclays Bank | Deloitte | Deutsche Bank | HDFC Bank |
| JP Morgan | Microsoft | Morgan Stanley | Tata Steel |
| American Express | Bajaj Auto | Hindustan Unilever Limited | Whirlpool |
| Capgemini | SBI Life Insurance | Tech Mahindra | Glaxo Smithkline Consumer Ltd (GSK) |
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