MBA Placements 2025: Top IIMs and Non-IIM B-Schools by Salary 2024 Revealed | MBAUniverse.com Placement Report

Let’s start with the global picture. According to an in-depth new report in Wall Street Journal, not all is well with MBA placements, even at the top US B-school. The article stated:

• For MBAs, landing a job in the U.S. has become increasingly challenging, even for Harvard Business School (HBS) graduates.
   
• According to the report, 23% of HBS MBA graduates from the previous spring batch were still seeking employment three months after graduation. This HBS MBA unemployment rate is up from 20% the prior year and 10% in 2022.
   
• Other top business schools, including Wharton, Stanford, and NYU Stern, also reported worse placement outcomes last year.
   
• Employers like Amazon, Google, and Microsoft have reduced MBA hiring, while consulting firms like McKinsey have also cut back on recruitment.
   
• Harvard is introducing new tools and courses to assist students in bridging skills gaps and improving job search outcomes.
   
• Despite challenges, majority of MBA graduates from elite schools secure well-paying jobs with median starting salaries around $175,000.

Based on the article, here is a summary of the unplaced student percentage for different B-schools:

Indeed, this WSJ news report paint a gloomy picture. Let’s review the MBA Placement scene in India. 

MBA Placements 2025 is in progress across all B-schools in India. Early reports suggest that MBA Placements 2025 is similar to last year, with no major uptick. MBAUniverse.com will update this section with more details soon.

The MBA Placement 2024 season saw an unprecedented decline in salary trends across most of top business schools in India. While IIM Bangalore was a noticeable exception, several B-schools including XLRI Jamshedpur, IIM Lucknow, and IIM Indore, saw a fall in average salaries. As the table 1 shows, IIM Bangalore saw a marginal increase in average salary from Rs. 35.31 LPA in 2023 to Rs. 35.92 LPA in 2024. At IIM Calcutta, average salary was steady at Rs. 35.07 LPA. 

XLRI Jamshedpur saw a significant decline, with the average salary dropping from Rs. 32.70 LPA in 2023 to Rs. 29.89 LPA in 2024. IIM Lucknow reported a decrease from Rs. 32.20 LPA in 2023 to Rs. 30.00 LPA in 2024. Both IIM Kozhikode and IIM Indore saw a significant dip in average salary.

Table 1: MBA Salaries Stagnant or Decline, even in Top B-schools 

Source: MBAUniverse.com Analysis of B-school Placement Reports 2024

Notice that there was a significant growth in average salaries across institutions from Year 2021 to Year 2022 and similarly from Year 2022 to Year 2025. 

Table 2: MBA Salary of Top B-schools in India 

Source: MBAUniverse.com Placement Report 2024, based on data released by B-Schools 

Like most of the top 20 B-schools, the next ranked B-schools also saw a decline in average salary offered to their MBA graduates. IIM Raipur saw a decrease from Rs. 21.04 LPA in 2023 to Rs. 19.70 LPA in 2024. IIM Tiruchirappalli reported a drop in average salary from Rs. 20.55 LPA in 2023 to Rs. 19.43 LPA in 2024. Even the IIT MBAs were not spared. DoMS-IIT Madras saw a significant decline from Rs. 20.19 LPA in 2023 to Rs. 16.93 LPA in 2024.

A few B-schools that bucked the trend were IIM Rohtak, salaries up from Rs. 18.73 LPA in 2023 to Rs. 19.27 LPA in 2024 and IIM Ranchi where salaries moved up from Rs. 17.30 LPA in 2023 to Rs. 18.69 LPA in 2024. FORE New Delhi too recorded an increase from Rs. 14.50 LPA in 2023 to Rs. 16.01 LPA in 2024.

Table 3: MBA Salary Trends of Top 21-50 B-schools in India 

Source: MBAUniverse.com Placement Report 2024, based on data released by B-Schools

This MBAUniverse.com Placement Report 2024 provides valuable insights into the salary trends across the IIMs. Here are the key IIM MBA Placement Trends.  

• Top IIMs Set the Benchmark: Top IIMs are in a league of their own. IM Bangalore, an exception, continued its upward trend, with an increase from Rs. 35.31 LPA in 2023 to Rs. 35.92 LPA in 2024. Similarly, IIM Calcutta, Maintained a steady average salary at Rs. 35.07 LPA from 2023 to 2024. 
   
• IIM Lucknow, Indore, Kozhikode see significant decline: IIM Lucknow experienced a decline, with average salary dropping from Rs. 32.20 LPA in 2023 to Rs. 30.00 LPA in 2024. IIM Kozhikode reported a drop from Rs. 31.02 LPA in 2023 to Rs. 28.05 LPA in 2024. IIM Indore also noted a significant fall from Rs. 30.21 LPA in 2023 to Rs. 25.68 LPA in 2024.
   
• IIM Rohtak, IIM Ranchi and IIM V buck the trend: IIM Rohtak saw an increase from Rs. 18.73 LPA in 2023 to Rs. 19.27 LPA in 2024. IIM Ranchi too showed growth with an increase from Rs. 17.30 LPA in 2023 to Rs. 18.69 LPA in 2024. Finally, IIM Visakhapatnam also saw increased from Rs. 15.47 LPA in 2023 to Rs. 16.61 LPA in 2024.
   
• IIM Ahmedabad Placement Data 2024 awaited: IIM Ahmedabad follows IPRS standard and released salary data in after Audit in October. But this year, even after completing its placement 2024 as early as in February, it is yet to release its placement data.  IPRS initiative was taken by IIM A and supported by a few top B-schools to release Placement data after the Audit of Placement reports. IPRS standardizes the data on the placement reports more comparable and reliable.

Table 4: IIM MBA Placements – IIM Salaries Drop in 2024  

Source: MBAUniverse.com Placement Report 2024 based on data released by B-Schools  

Key Highlights: 2023 vs. 2024 Salary Comparison for IIT MBAs

• SJMSoM IIT Bombay saw a slight decline in the average salary from Rs. 28.88 LPA in 2023 to Rs. 28.01 LPA in 2024. 
   
• DMS IIT Delhi is yet to reveal placement 2024 stats. However, the previous year's growth from Rs. 21.00 LPA in 2022 to Rs. 25.82 LPA in 2023 highlights strong placement performance. 
   
• DoMS-IIT Madras saw a significant decline from Rs. 20.19 LPA in 2023 to Rs. 16.93 LPA in 2024.

Table 5: IIT MBA Placements – IIT MBA Salaries Drop in 2024 

A big insight from the recent MBA recruitment data is that just three sectors hire more than 80% of all MBA graduates from Top 50 Indian B-schools. These sectors are: Global Capability Centers (GCC) & IT Services, Consulting and Banking & Financial Services. Refer table 6 for sector wise breakup. 

Table 6: Top Sectors Recruiting MBAs from Top 50 B-schools in 2023 & 2024 

Source: MBAUniverse.com Analysis of B-school Placement Reports 2024 & 2023

After this overview, time to dive into a few leading institutes for more details on their MBA placements. 

IIM Bangalore Placement 2024: 100% Placements Complete with Marginal Dip in Median Salary 
Indian Institute of Management, Bangalore (IIMB) concluded Final Placements 2024 for PGP-BA and PGP programs in early 2024. According to IIM Bangalore, Median Annual Salary for Placements 2024 was Rs 32.5 lakh. This was marginally lower than last year’s median salary. In the placement week, which ended on February 7, IIM Bangalore saw 503 students accepting job offers. Another 13 students were placed in a subsequent rolling placement process. Consulting firms have made the most offers, while Finance, Banking and Investment sector was the second largest recruiter during IIMB Placements 2024.

IIM Ahmedabad Completes 100% Final Placements 2024: Salary 2024 Statistics Not Revealed
IIM Ahmedabad had successfully completed its Final Placement Process 2024 for both flagship PGP program and PGP Food and Agribusiness (PGP-FABM). Firms from multiple domains participated across the 3 clusters in the Final Placements. It must be noted that IIM Ahmedabad has not released salary data at the time of publishing this article. IIMA undertakes a formal audit of all offers before publishing the numbers. In previous years, audited report was published by Oct/Nov. For placements 2024, it was not published even by December 2024. IIM Ahmedabad PGP placements 2024 was spread over 3 clusters from February 6-12, 2024. Announcing completion of Placements 2024, Prof. Ankur Sinha, Chairperson of Placements at IIM Ahmedabad said: “Even in a tough year for the job market, IIMA saw a large number of recruiters participating in the placement process. The successful completion of the placement process within three cluster days is a testament to the high-quality learning experience at the institute and the robust placement process that provides adequate flexibility to both recruiters and students.” 

IIM Calcutta Competes 100% Placements 2024; Salary 2024 Statistics Not Revealed
IIM Calcutta has completed 100% placements for the flagship MBA programme for the 59th batch on February 19, 2024. About 464 students took part in the process, securing 529 offers from 194 companies. IIM Calcutta has not revealed salary statistics for Placements 2024 even by December 2024. Nimruji Jammulamadaka, Chairperson, Placement Committee said, “Looking at the market conditions, we were ready for the long haul and focused on diversifying the recruiter base and building student resilience. We must say, the institute has been successful in this regard.”

XLRI Completes 100% Placements 2024; Average Salary dips by 8.6%
XLRI Jamshedpur has completed 100 percent placements for all 503 students of graduating 2022-24 class of PGDM (BM) and Two-year PGDM (HRM) programs from both XLRI Jamshedpur and XLRI Delhi NCR campuses. A total of 154 recruiters, included 65 new recruiters, participated in XLRI Placements 2024 making 519 domestic and 1 international offer. Against the backdrop of challenging market conditions, the average salary for XLRI Placements 2024 has dipped by 8.6%. Accenture Strategy, Amazon, Boston Consulting Group, HCL, HUL, Ola, PwC, Reliance and Tata Steel made the highest number of offers at XLRI Placements 2024. 

SPJIMR Placements 2024: No Change in Average Salary amidst challenging Job Market
SPJIMR Mumbai has successfully completed its Final Placements for PGDM Class of 2024 amidst the global slowdown and associated impact on campus placements. While the highest salary at SPJIMR placements 2024 has gone up at Rs. 81 LPA, the average salary did not see increase from last year and remained at Rs. 33 LPA. The process saw 72 companies onboarded and rolling out speedy offers, reflecting the trust in the value-based leadership style of the MBA participants. FMCG, Consulting, BFSI, Tech emerged as the top recruiting sectors. On the successful completion of placements, Prof. Renuka Kamath, Associate Dean - Full Time Programmes, said, "Amid uncertain times, the support from our industry partners is invaluable to us. We appreciate their commitment in hiring SPJIMRs young talent who are not only industry ready, but also socially-conscious". 

IIM Lucknow Placement 2024: Average Salary Dips
IIM Lucknow completed 100% placement 2024 for the largest ever 38th PGP and PGP-ABM 2022-24 batch of 576 students. Average Salary goes down at Rs.30 LPA in 2024 from Rs.32.20 LPA last year. 250 recruiters participated in IIM Lucknow placement 2024 and made 634 offers. Consulting firms -- Accenture, Deloitte India, Boston Consulting Group (BCG), Pricewaterhouse Coopers (PwC), McKinsey and Company were among the top recruiters in IIM Lucknow final placements 2024. 

IIM Indore Placements 2024: Average Salary Dips from Rs 30.21 LPA to Rs 25.68 LPA; 
Indian Institute of Management (IIM), Indore has successfully completed 100% Final Placement 2024 for its largest outgoing batch in the institutes 27 years history with 594 students from the two-year Post Graduate Programme (PGP) and five-year Integrated Programme in Management (IPM) received offers from 150+ recruiters. In line with the challenges posed due to unfavourable macroeconomic conditions, IIM Indore Placement 2024 show a dip in salary figures. About 50% of total placements were from Consulting sector (25%), and Management & HR function (25%).

MBA Placements 2023 were quite unlike Placements 2024. Here are the key highlights. 

• 100% Placements achieved: All top B-schools in India have completed 100% placements with increase in average salary. Placements were completed in January  or February 2023 at most B-schools. 
   
• Average Salary varies significantly: Among the top B-schools placements 2023, there is huge deviation in average salary as it goes in the range of Rs.18 LPA to Rs.35 LPA. As such, the average salary of No.1 B-School is almost double to the No. 20 B-school in Placement 2023.
   
• Wide variance in Percentage Salary Increase: A big placement trend is that while the Average MBA Salary at some of the top B-schools like IIM Lucknow and IIM Indore has registered 10% to 20% rise, the average salary increase in most top B-schools is between 5 to 10% percent.
   
• New IIMs show big jump in salary: Although New IIMs do not have high average salary base like old IIMs, they have registered higher increase of 21 to 31% in average salary while old IIMs like IIM Calcutta, Kozhikode have registered moderate salary jump.
   
• Top Roles & Profiles Offered in MBA Placements in India: Top roles offered in MBA placements 2023 are in the areas of Consulting, Analytics, General Management, Product Management, E-Commerce among others.

MBAUniverse.com will continue to update this page with latest trends. Continue reading this article for complete details of MBA Placements 2024-25.
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