The Indian Institute of Management (IIM) Indore has recently completed the final placement season for the class of 2023 with exceptional results. The institute has reported a significant increase in average salary packages, median compensation, and top domestic offers when compared to the previous year’s placements.
The highest domestic package offered this year has been an impressive Rs 1.14 crores per annum, which is an incredible 132.6% increase from the previous year. The average salary for this placement season is also noteworthy, at Rs 30.21 lakh per annum, which is an increase of 20.8% compared to last year. These results demonstrate the success of the institute’s placement drive, showcasing the exceptional talents of its graduates and their appeal to top recruiters across industries.
Key Highlights: IIM Indore Placement 2023
- Over 160 recruiters took part in the placement drive for the class of 2023 at IIM Indore, offering jobs to 568 students from the PGP and IPM programs.
- The median compensation for the students is Rs 27.20 lakh per annum, which is 12.9% higher than the previous year.
- All the students who participated in the placements this year have secured job offers.
- The offers were made by companies operating in various domains, including consulting, finance, general management, HR and operations, IT, analytics and product management, and sales & marketing.
- The institute established relationships with more than 80 new recruiters this year, including companies like Aarti Industries, Adani Group, African Industries Group, Alkem Laboratories, AM/NS, Ambit Capital, Bira 91, BlackRock, CavinKare, CITI Bank, DCM Shriram, Delhivery, DISYS, Dolcera, and Edelweiss Alternative Asset Advisors.
“We at IIM Indore have always been steadfast in strengthening our industry engagement by providing world-class management education and delivering sustainable value to our stakeholders. This is evidenced by the stellar placements secured by our students in the face of challenging times,” said Himanshu Rai, Director, IIM Indore.
Domain-Wise Offers Made: IIM Indore Placement 2023:
| Domain | Recruiters | Percentage of Batch |
|
Finance |
Ambit Capital, Axis Bank, Bank Of America, Barclays, BlackRock, CITI Bank, Credit Suisse, D.E. Shaw, Delhivery, Deutsche Bank, DISYS, Edelweiss Alternative Asset Advisors, Goldman Sachs, HDFC Bank, among others. |
18% |
|
Sales & Marketing |
AB InBev, Asian Paints, Atomberg Technologies, Bajaj Auto, CavinKare, Dr. Reddy’s Laboratories, Everest Industries, Haleon, Hero MotoCorp, HUL, IBM, Infosys Ltd, ITC, Johnson & Johnson, etc. |
18% |
|
IT, Analytics and Product Management |
Amazon, American Express, Axtria, Capgemini Chrysalis, CarDekho, Carwale, Cognizant, Dolcera, Equitas Small Finance Bank, etc. |
16% |
|
Others |
– |
19% |
Note: Consulting, BFSI, and TMT sectors accounted for over three-fourths (75%) of the total offers. The remaining 25% were offered by recruiters from other domains.
The following table presents the trends in the average salary packages offered from 2020 to 2023:
|
Course |
Statistics (2020) |
Statistics (2021) |
Statistics (2022) |
Statistics (2023) |
|
PGP and IPM |
INR 22.92 LPA |
INR 23.60 LPA |
INR 25.01 LPA |
INR 30.21 LPA |
Summary: The average salary packages for the PGP and IPM courses at IIM Indore for the years 2020 to 2023 are shown in the table. The average salary package increased from INR 22.92 LPA in 2020 to INR 30.21 LPA in 2023, with a significant surge in the average salary package observed in 2023.
The table presented below displays the trends of median packages offered for different courses over the last three years:
|
Courses |
Statistics (2020) |
Statistics (2021) |
Statistics (2022) |
Statistics (2023) |
|
GP and IPM |
INR 18.98 LPA |
INR 19.75 LPA |
INR 23.60 LPA |
INR 27.20 LPA |
Summary: The median package for Statistics courses increased from INR 18.98 LPA in 2020 to INR 27.20 LPA in 2023. GP and IPM courses had a consistently higher median package during the same period.
IIM Indore Summer Internship 2023
This year IIM Indore has also successfully completed its Summer Placement Process for the MBA class of 2021-23. This summer placement season was the largest and most diverse batch across IIMs. Over 150 recruiters from various sectors participated and offered internship roles to the students. The average stipend offered was INR 2 lakhs, with an increase of 11% from the previous year. The average stipend for the top 100 and top 200 students was INR 3.1 lakhs and INR 2.75 lakhs, respectively, witnessing a 5% year-on-year increase each.
Key Highlights: IIM Indore Summer Internship 2023
Highest Stipend offered – 4 Lakhs
Top 100 Stipend – 3.1 Lakhs
Top 200 Stipend – 2.75 Lakhs
Median Stipand – 2 Lakhs
Average Stipend – 2 Lakhs
Domain-Wise Offers Made :
|
CONSULTING |
BIFS |
FMCG |
IT ANALYTICS |
E-COMMERCE |
AUTOMOTIVE |
MANUFACTURING |
OTHERS |
|
25% |
17% |
15% |
14% |
7% |
7% |
7% |
4% |
The summer placement process of the MBA class of 2021-23 at IIM Indore witnessed the participation of over 150 recruiters, including more than 30 new recruiters forging relationships with the institute. Prominent recruiters from various sectors such as automotive, BFSI, consulting, e-commerce, healthcare, IT & technology, manufacturing, real estate, engineering, media & entertainment, and telecommunication among others hired the largest and most diverse batch across IIMs. The top recruiters included BCG, Deloitte, DE Shaw, Axis Bank, Kotak Mahindra Bank, Credit Suisse, Bank of America, Deutsche Bank, Edelweiss, Goldman Sachs, HDFC Bank, ICICI Bank, Accenture Strategy, Cognizant Business Consulting, KPMG, Boston Consulting Group, Asian Paints, Godrej & Boyce, Dabur, GroupM, Maruti Suzuki, Accenture, Cognizant, Capgemini, Google, HCL, Aditya Birla Group, GMR, Airtel, JSW Group, Microland, Cipla, PayTM, and Mahindra & Mahindra, among others.
FAQs
1. What was the highest package offered during IIM Indore placements in 2023?
The highest package offered during IIM Indore placements 2023 was Rs 1.14 crores per annum.
2. Which companies were among the top recruiters during IIM Indore placements in 2023?
Some of the top recruiters during IIM Indore placements 2023 were Accenture, BCG, Deloitte USI, Ernst & Young, Goldman Sachs, HDFC Bank, Infosys, and Johnson & Johnson, among others. The recruiters were from various domains, including consulting, finance, sales and marketing, IT, analytics, and product management.
3. What was the median package offered during IIM Indore placements in 2023?
The median package offered during IIM Indore placements 2023 was Rs 27.20 lakh per annum, which is a 12.9% increase compared to the previous year.
4. What were the year-wise median package trends at IIM Indore?
The year-wise median package trends at IIM Indore are as follows:
|
Courses |
Statistics (2020) |
Statistics (2021) |
Statistics (2022) |
Statistics (2023) |
|
GP and IPM |
INR 18.98 LPA |
INR 19.75 LPA |
INR 23.60 LPA |
INR 27.20 LPA |
As seen from the table, the median package for PGP and IPM courses at IIM Indore has consistently increased over the years, from INR 18.98 LPA in 2020 to INR 27.20 LPA in 2023.
5. Which were the top domains that hired students during IIM Indore placements in 2023?
During IIM Indore placements 2023, students were hired by companies operating in various domains, including
- Consulting
- Finance
- Sales & Marketing
- IT, Analytics and Product Management
- Others
Consulting, BFSI, and TMT sectors accounted r over three-fourths (75%) of the total offers. The remaining 25% were offered by recruiters from other domains.
6. How were the IIM Indore summer placements in 2023?
At IIM Indore, the summer placement process for the MBA class of 2021-23 had more than 150 recruiters participating, out of which over 30 were new recruiters forming ties with the institute. The maximum stipend offered during the process was INR 4 lakhs.
7. How were the IIM Indore sector-wise summer placements in 2023?
The data provided represent the percentage distribution of various industries in the consulting sector. Business and Industrial Financial Services (BIFS) have the highest percentage at 25%, followed by Fast-Moving Consumer Goods (FMCG) at 17%, and IT Analytics at 15%. E-commerce and Automotive industries have a share of 14% and 7%, respectively. The manufacturing sector also has a 7% share. The remaining 7% is attributed to other industries. This information highlights the diversity of industries that are in need of consulting services and the need for consultants to have a broad range of expertise to cater to the unique needs of each industry.
8. What was the average stipend offered during IIM Indore summer placements in 2023?
The average stipend offered for the IIM I summer internship drive of 2023 was Rs. 2 lakhs.
9. Where do IIM Indore Alumni work?
IIM Indore alumni work in various industries and organisations across the world. Some of the top recruiters of IIM Indore alumni include consulting firms like McKinsey, Boston Consulting Group, and Bain & Company; finance companies like Goldman Sachs, JPMorgan, and Morgan Stanley; technology companies like Google, Amazon, and Microsoft; and FMCG companies like Hindustan Unilever, Procter & Gamble, and Nestle.
Additionally, many IIM Indore alumni also hold leadership positions in various government organisations, non-profit organisations, and start-ups. Overall, the IIM Indore alumni network is quite diverse and spread across different industries and sectors.
10. How is IIM Indore for MBA in 2023?
IIM Indore is a top-ranked business school in India that offers a rigorous and comprehensive MBA program with a focus on practical learning and holistic development. The school has a highly experienced faculty, a diverse and talented student body, and a strong alumni network. Additionally, the school has a state-of-the-art campus with world-class facilities and resources. Overall, choosing IIM Indore for MBA can provide excellent career prospects and a valuable learning experience.
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