Indian Institute of Management, Bangalore2023 Placement Report
Indian Institute of Management, Bangalore: 2023 Placement Report
IIM Bangalore (IIM B) 2023 placement report: CTC, recruiters, and sector data from the official release.
Numbers
Editorial review
Indian Institute of Management, Bangalore's 2023 placement cycle: 512 students received 606 offers from 164 recruiters for the PGP & PGPBA batch of 2021-23, with a median CTC of Rs 33 lakh; Management Consulting led sector share at 40%; median CTC rose +5.8% versus the prior year. The longer reading and numbered takeaways below unpack what that means for sector mix, recruiter depth, and how to read average versus median.
Management Consulting took 40% of final placement offers for the PGP & PGPBA batch of 2021-23, with IT/Product Management (14%) and General Management (13%) trailing well behind. Boston Consulting Group led recruiters with 26 offers, ahead of Bain & Company and Accenture Strategy CN at 22 each, and Tata Consultancy Services rounded out the top four with 18; the list also includes logistics firm Cogoport and fintech Paytm alongside more traditional consulting and finance names like McKinsey, American Express, Ernst & Young India and Goldman Sachs.
With 606 offers against 512 students, the batch averaged 1.18 offers per student, and across a notably broad base of 164 recruiters that comes to about 3.7 offers per recruiter, the widest recruiter base recorded in this series alongside 2017. Fourteen overseas offers made up roughly 2.3% of the total. Average compensation of Rs 35.31 lakh ran clearly above the Rs 33.00 lakh median, consistent with a right-skewed distribution driven by a smaller set of higher-paying offers.
Pre-placement offers dominated the process at 291 made and 209 accepted, far outpacing the 94 lateral placement offers made (82 accepted), suggesting a placement cycle where returning-intern conversions played an outsized role.
Key takeaways
Median CTC rose 5.8%
Median CTC rose from ₹31.20 LPA in the prior cycle to ₹33 LPA this year (+5.8%). That is a clear year-on-year shift for Indian Institute of Management, Bangalore aspirants reading this report as a signal of typical outcomes, especially for median, which is less skewed by a handful of outlier offers than average or highest CTC.
Average CTC rose 4.4%
Average CTC rose from ₹33.82 LPA in the prior cycle to ₹35.31 LPA this year (+4.4%). That is a modest change for Indian Institute of Management, Bangalore aspirants reading this report as a signal of typical outcomes, especially for median, which is less skewed by a handful of outlier offers than average or highest CTC.
Management Consulting led the batch at 40%
Management Consulting accounted for 40% of offers, the largest sector share in this 2023 report. The next sector, IT/Product Management, sat at 14%, so the gap between first and second is 26 percentage points. If your target function sits outside this lead sector, treat the headline placement rate as a campus-wide figure rather than a guarantee for your preferred cohort.
Top two sectors took 54% of offers
Management Consulting and IT/Product Management together made up 54% of offers, a concentrated recruiter mix. General Management was a distant third at 13%. Concentration is not automatically good or bad, but it does mean batch-level averages can mask thinner opportunity in secondary functions.
International offers stayed rare
14 of 606 offers were international (2.3%). That share is small enough that domestic packages define the typical story. Crore-plus overseas headlines, when they appear, usually sit in this thin tail rather than in the median.
164 recruiters, led by The Boston Consulting Group
164 firms participated for 606 offers, about 3.7 offers per recruiter on average. The Boston Consulting Group topped the named list, followed by Bain & Company, Accenture Strategy CN, and Tata Consultancy Services. Offer concentration among a few brand-name firms is common at top campuses; check whether your target employers actually appear in this list rather than assuming brand gravity alone.
Sector split
Hover a slice to view the percentage / count split
Top recruiters
Frequently asked questions
How did average CTC compare with the median in 2023?
Average CTC was ₹35.31 LPA and median was ₹33 LPA. The average sits above the median, so a smaller set of higher offers pulled the mean up relative to a typical package.
How significant were international offers in 2023?
14 of 606 offers were international (2.3%).
Which program does this 2023 report cover?
This page covers PGP & PGPBA, Batch 2021-23 at Indian Institute of Management, Bangalore.
Where do these placement figures come from?
Every number on this page is transcribed from Indian Institute of Management, Bangalore's own published materials. Open the source link under the title for the original document.
Notes
Management Consulting took 40% of final placement offers for the PGP & PGPBA batch of 2021-23, with IT/Product Management (14%) and General Management (13%) trailing well behind. Boston Consulting Group led recruiters with 26 offers, ahead of Bain & Company and Accenture Strategy CN at 22 each, and Tata Consultancy Services rounded out the top four with 18; the list also includes logistics firm Cogoport and fintech Paytm alongside more traditional consulting and finance names like McKinsey, American Express, Ernst & Young India and Goldman Sachs.
With 606 offers against 512 students, the batch averaged 1.18 offers per student, and across a notably broad base of 164 recruiters that comes to about 3.7 offers per recruiter, the widest recruiter base recorded in this series alongside 2017. Fourteen overseas offers made up roughly 2.3% of the total. Average compensation of Rs 35.31 lakh ran clearly above the Rs 33.00 lakh median, consistent with a right-skewed distribution driven by a smaller set of higher-paying offers.
Pre-placement offers dominated the process at 291 made and 209 accepted, far outpacing the 94 lateral placement offers made (82 accepted), suggesting a placement cycle where returning-intern conversions played an outsized role.