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The Indian Institutes of Management (IIMs) are among the preferred choices for students pursuing postgraduate management education in India. Along with academic reputation, placement records and salary packages play an important role in helping MBA aspirants compare institutes and explore career opportunities. Median salary packages and the number of students placed offer useful insights into the employment outcomes of management graduates.
The placement data for IIM Ahmedabad, IIM Bangalore, IIM Kozhikode, IIM Lucknow and IIM Mumbai highlights changes in salary packages and student placements across the 2021–22, 2022–23 and 2023–24 graduating batches. Among these five institutes, IIM Mumbai recorded the highest median salary in 2023–24 at Rs 33 lakh per annum (LPA), followed by IIM Bangalore at Rs 32.5 LPA.
IIM Placement Trends: Check Median Salary Packages
The median salary figures show how compensation changed across the five institutes over three graduating batches. IIM Mumbai's median salary increased from Rs 31 LPA in 2021–22 to Rs 33 LPA in 2023–24. IIM Bangalore recorded Rs 33 LPA in 2022–23, before its median salary stood at Rs 32.5 LPA in 2023–24.
The table below compares the median salary packages reported by the five institutes.
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IIM
|
2021–22
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2022–23
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2023–24
|
|
IIM Ahmedabad
|
30 LPA
|
31 LPA
|
31 LPA
|
|
IIM Bangalore
|
31.5 LPA
|
33 LPA
|
32.5 LPA
|
|
IIM Kozhikode
|
26.5 LPA
|
27 LPA
|
27 LPA
|
|
IIM Lucknow
|
29 LPA
|
30 LPA
|
30 LPA
|
|
IIM Mumbai
|
31 LPA
|
32 LPA
|
33 LPA
|
IIM Ahmedabad's median salary remained at Rs 31 LPA in the last two batches covered by the data. IIM Lucknow's median salary increased from Rs 29 LPA to Rs 30 LPA and remained unchanged in 2023–24. IIM Kozhikode reported a median salary of Rs 27 LPA in both 2022–23 and 2023–24.
IIM Placement Statistics: Number of Students Placed
Along with salary packages, the number of students placed provides another measure for comparing placement outcomes. In 2023–24, IIM Lucknow recorded the highest number of students placed among these five institutes, followed by IIM Kozhikode and IIM Mumbai.
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IIM
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Students placed in 2023–24
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|
IIM Ahmedabad
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434
|
|
IIM Bangalore
|
517
|
|
IIM Kozhikode
|
547
|
|
IIM Lucknow
|
614
|
|
IIM Mumbai
|
536
|
IIM Rankings: Check Institute-Wise Positions
The ranking data provided places IIM Ahmedabad at the top, followed by IIM Bangalore and IIM Kozhikode. IIM Lucknow and IIM Mumbai also feature among the listed institutes.
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IIM
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Score
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Rank
|
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IIM Ahmedabad
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83.29
|
1
|
|
IIM Bangalore
|
81.56
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2
|
|
IIM Kozhikode
|
79.85
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3
|
|
IIM Lucknow
|
77.97
|
5
|
|
IIM Mumbai
|
77.58
|
6
|
What Do IIM Placement Trends Show?
The available figures show that IIM Mumbai recorded the highest median salary among these five institutes in 2023–24, while IIM Lucknow had the highest number of students placed. However, salary packages and placement counts are only some of the factors MBA aspirants should consider. Programme specialisations, career goals, recruiters and other placement details can also help students make an informed decision.