Business schools eagerly await placement season in hopes of surpassing previous year’s records. IFMR Graduate School of Business successfully achieved 100% placement for all MBA students in 2023, making it an exceptional placement year. The institute set new records with an average salary package of INR 13.50 lakhs per annum, and a domestic highest salary of INR 22.90 lakhs per annum offered during the 2023 placement rounds. This is an impressive increase of 16.6% and 22%, respectively, compared to the previous year. In addition, 30 pre-placement offers were extended to students of the batch, and the institute saw participation from 55 recruiters, including 14 new ones.
Offers have been made for new-age roles in Consulting, Risk Management, Regulatory Reporting, etc. For IFMR’s Summer Internship Placements of 2023, 100% of the students were successfully placed with recruiters like JP Morgan Chase & Co, Deloitte, Morgan Stanley, SBI Cap and Credit Suisse participating.
Also Read: IFMR MBA – A Catalyst for Realizing Your Professional Goals!
The Highlights of IFMR GSB MBA 2023 placements are:
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184 students took part in the placement round and all were placed successfully.
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55 companies across various domains participated, out of which 14 were new recruiters.
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The highest domestic salary offered was INR 22.90 lakhs per annum.
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The average salary was INR 13.50 lakhs per annum.
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The median annual CTC was INR 13.10 lakhs per annum.
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The BFSI sector saw the maximum offers with 56%, followed by Consulting (22%) and IT (17%).
IFMR MBA Placements 2023: Companies that visited IFMR campus
Number of Recruiters |
55 |
Number of New Recruiters |
14 |
Students Participating in Placement |
184 |
Percentage Placed |
100% |
Highest Compensation Offered |
INR 22.9 LPA |
Average Salary |
INR 13.50 LPA |
Median Salary |
INR 13.10 LPA |
Top Recruiters |
Deloitte, Barclays, KPMG, EY, PwC, Accenture, JPMC, Morgan Stanley |
Also Read: My Internship Experience With Credit Suisse, Ft. Vishal Shire
IFMR Placements 2023 vs 2022
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During IFMR’s placement round of 2023, the highest domestic salary package was INR 22.9 lakhs per annum, a 16.6% increase over INR 19.64 lakhs per annum offered in the 2022 placement.
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The average annual compensation was INR 13.5 lakhs per annum, up by 22% as compared with INR 11.21 lakhs per annum in the prior year’s placement round.
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The median annual compensation was INR 13.10 lakhs per annum, up by 18% as compared with INR 11.09 lakhs per annum in 2022 placements.
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The top 10% average CTC was INR 19.2 lakhs per annum, from INR 14.5 lakhs per annum in 2022.
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The top 25% average was INR 17.3 lakhs per annum, as compared with INR 13.45 lakhs per annum in the prior year.
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The top 50% average compensation was INR 15.6 lakhs per annum, up from INR 12.40 lakhs per annum in the 2022 placements.
The below image compares the placements of IFMR in 2023 with that of 2022
The graph compares the placement statistics of IFMR for the years 2023 and 2022. It shows that in 2023, there were more recruiters, with 55 compared to 34 in 2022. Out of the 55 recruiters, 14 were new. The number of participating students increased slightly from 175 in 2022 to 184 in 2023. The highest salary offered also increased from 19.64 LPA in 2022 to 22.9 LPA in 2023, while the average salary increased from 11.21 LPA to 13.5 LPA. The median salary also saw an increase from 11.09 LPA in 2022 to 13.10 LPA in 2023. Additionally, the number of pre-placement offers extended to students increased from 18 in 2022 to 30 in 2023.
Also Read: DEAN INTERVIEW: ‘MBA is the passport to better skills & equip one for the global business world’- Prof. Lakshmi Kumar, Dean – IFMR GSB
IFMR Placements 2023: Sector – Wise
Sector |
Percentage |
BFSI |
56% |
Consulting |
22% |
IT |
17% |
Others |
5% |
Year-Wise Trends IFMR Placements
The year-wise trend in placements at IFMR is as per the table below:
Year |
2022-23 |
2021-2022 |
2020-21 |
2019-20 |
Number of Recruiting Companies |
55 |
34 |
38 |
42 |
Highest salary (INR) |
22.90 LPA |
19.64 LPA |
17.4 LPA |
13.6 LPA |
Average Salary (INR) |
13.50 LPA |
11.21 LPA |
10 LPA |
9.35 LPA |
Median Salary (INR) |
13.10 LPA |
11.09 LPA |
9.5 LPA |
9.5 LPA |
The table provides a summary of the number of recruiting companies, highest salary, average salary, and median salary offered during IFMR’s campus placements from 2019 to 2023.
In the year 2022-23, 55 companies participated in the campus placement program and the highest salary offered was INR 22.9 lakhs per annum, while the average salary was INR13.5 LPA and the median salary was INR13.10 LPA.
The trend shows a rise in the average salary over three years.
IFMR Placements 2023: Key Job Roles Offered
IFMR’s 2023 placements saw a total of 55 recruiters, of which 14 were first-time recruiters. The key roles offered by the recruiters included Global Risk and Analytics, Financial Planning Analysis, Business Analysis, Credit assessment Officer, Risk Architect, Research Analyst, Financial Analyst, Credit Risk Analyst, Chief Risk and Compliance Officer, Client Solution Advisor, Market Research Analyst, and Functional Consultant, amongst others.
Futuristic roles offered by recruiters included Data and Regulatory Reporting, Debt Management, Credit Underwriter AFU, Executive- Merger and Valuation, Stress Testing, Data and Regulatory Reporting, and Wealth Management.
IFMR 2023 Placements Top Recruiters
Sector |
Top Recruiters |
Investment Banks |
Nomura, JPMC, Societe General, Morgan Stanley, Credit Suisse |
Banks |
Barclays, HSBC, Standard Chartered, Nat West, Axis Bank, Wells Fargo, ICICI Bank |
Consulting |
KPMG, PwC, Accenture, Deloitte |
IT Companies |
Ask Brian, HCL, Cognizant, Infosys, TVS Next |
IT Consulting |
Oracle, AlliantGroup |
Marketing and Research |
Schneider Electric, ICRA, CRISIL |
FinTech |
YUBI |
These companies offered roles across the sectors of BFSI, Consulting, IT, and others.
Prominent new recruiters in IFMR’s 2023 placements were Morgan Stanley, Arcesium, Tresvista, NatWest, ICRA Ltd, Axis Bank, Ask Brian, and YUBI, amongst others.
The students of IFMR come from a variety of cultural, educational, and professional backgrounds. The 2023 MBA batch had a strength of 184 and comprised a mix of engineers, commerce, management, and science graduates, as well as other disciplines.
The profile of IFMR’s 2023 MBA batch is as under:
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Total number of students: 184
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Male students: 63%
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Female students: 37%
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The average work experience of the batch was 19 months.
Academic background |
Percentage |
Commerce (BCom) |
39% |
Engineers (BE/BTech) |
28% |
Management (BBA/BMS) |
19% |
Science (BSc) |
9% |
Others |
5% |
The work experience domain of the 2023 batch was:
Domain |
Percentage |
Automobile, Construction, Electronics & Manufacturing |
35% |
IT/ITES |
40% |
Audit, BFSI & Trading |
17% |
Education |
9% |
IFMR Summer Internship Placements 2023 Report
IFMR has a 100% summer internship placement with all the students taking up summer internships.
Particulars |
Details of Summer Internship |
Placement |
100% |
Highest stipend |
INR1,00,000 per month |
Average stipend |
INR22,000 per month |
Average Top 25% |
INR55,300 per month |
Average Top 50% |
INR40,500 per month |
Top recruiters |
DE Shaw, Dell Inc, HDFC, Sett & Lucas, Tata International, Mondelez, Morgan Stanley, JPMC, Credit Suisse, Barclays |
Sectors Internship Offered In |
HR, BFSI, IT, FMCG, Consulting |
About IFMR GSB – A top B-School for MBA
IFMR Graduate School of Business at Krea University is a reputed B-School in India offering a full-time two-year flagship MBA program. IFMR GSB offers a full-time MBA degree in Finance, IT, Operations, HR, and Strategic Management. It also has additional specializations in Banking Financial Services and Insurance (BFSI) & Data Sciences (Business Analytics). The annual intake for the MBA program is 180 students.
The institute has been accredited by SAQs (South Asian Quality Assurance System)and has been ranked 60 among business schools by NIRF 2022.
Apart from the MBA programs, IFMR also offers blended MBA Programs, full-time Ph.D. programs, as well as part-time certification programs in Data Science, and customized management development programs for working executives.
IFMR Placements FAQs
1. What is the average salary package offered in IFMR placements in 2023?
Ans. The average salary package offered in IFMR’s placements in 2023 was INR13.50 lakhs per annum, up by 202% from 2022.
2. What was the highest salary package offered in IFMR’s placement 2023?
Ans. The highest package offered in placement round 2023 was INR22.90 lakhs per annum, a 16.6% increase over the prior year.
3. Which companies were the top recruiters in IFMR’s 2023 placement round?
Ans: IFMR’s 2023 placement round had a 100% placement record with an increase in the average salary package offered. The BFSI sector was the leading recruitment sector with prestigious companies like Barclays, JP Morgan & Chase, and Morgan Stanley, hiring a large number of students.
4. Which sector had the highest number of placements in IFMR’s 2023 placement round?
Ans: During placement 2023, the BFSI sector was the highest recruiter making 56% of the total offers. This was followed by Consulting and IT.
5. What was the median annual compensation in IFMR’s 2023 placement round?
Ans: In 2023, 55 recruiters took part in IFMR’s MBA placement round. The highest domestic salary offered was INR22.90 lakhs per annum, while the median annual salary was INR13.10 lakhs per annum.
6. Does IFMR help MBA students get summer internships?
Ans: Yes. IFMR has a Placements Committee that helps students get summer internships.
7. What was the highest stipend offered at IFMR for summer internships?
Ans: In 2023, the highest salary offered for summer internships was INR1.0 lakhs for the two-month period.
8. Which companies offered summer internships at IFMR in 2023?
Ans: The recruiters for summer internships at IFMR included HSBC, D E Shaw & Co, JPMC, Morgan Stanley, SBI Cap, and Barclays, amongst others. Internships were offered across the sectors of HR, BFSI, IT, FMCG, and Consulting.
9. Does summer internship convert to jobs at IFMR?
Ans: In 2023, IFMR received 30 PPOs. So the chances are bright if the internship is done well.
10.What specialization in MBA is IFMR known for?
Ans: IFMR offers its flagship MBA program in Finance, IT, Operations, HR, and Strategic Management. From the placement trends, the majority of placements have been made in the BFSI sector and the top recruiters are from the financial sector.
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