Indian Institute of Management, Indore2023 Placement Report
Indian Institute of Management, Indore: 2023 Placement Report
IIM Indore (IIM I) 2023 placement report: CTC, recruiters, and sector data from the official release.
Numbers
Editorial review
Indian Institute of Management, Indore's 2023 placement cycle: IIM Indore's final placements for the MBA batch of 2021-23, comprising 568 students, recorded an average CTC of Rs 30.21 LPA and a highest package of Rs 1.14 crore, with over 160 recruiters participating; Consulting led sector share at 29%; median CTC rose +12.9% 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.
Consulting attracted the largest share of offers at 29%, ahead of General Management/HR/Operations at 19%, Finance and Sales & Marketing tied at 18% each, and IT/Analytics at 16%. Average CTC rose a reported 20.8% year on year to Rs 30.21 LPA and median CTC rose a reported 12.9% to Rs 27.20 LPA.
The highest package offered, Rs 1.14 crore, was reported by the institute as a 132.6% increase over the previous year. Average compensation for the top 100 offers reached Rs 52.06 LPA (a reported 37.2% rise) and Rs 40.55 LPA for the top 200 (a reported 23.8% rise), both well above the batch-wide average.
Over 160 recruiters participated, with more than 80 hiring from campus for the first time, including Aarti Industries, Adani Group, Affinity Global, Alkem and BlackRock among others named in the report. Consulting stalwarts Accenture Strategy, Bain & Company, Boston Consulting Group, Deloitte India, EY, Kearney, KPMG and McKinsey & Company drove the domain's leading share, while Axis Bank, Bank of America, Barclays, Goldman Sachs and JP Morgan Chase & Co anchored finance.
This 568-student final placement figure is drawn from a consolidated report that also covers a separate 2022-24 summer internship season; only the final placement section for the 2021-23 graduating batch is reflected here.
Key takeaways
Median CTC rose 12.9%
Median CTC rose from ₹24.09 LPA in the prior cycle to ₹27.20 LPA this year (+12.9%). That is a material move for Indian Institute of Management, Indore 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 20.8%
Average CTC rose from ₹25.01 LPA in the prior cycle to ₹30.21 LPA this year (+20.8%). That is a material move for Indian Institute of Management, Indore 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.
Highest CTC rose 132.7%
Highest CTC rose from ₹49 LPA in the prior cycle to ₹1.14 Cr PA this year (+132.7%). That is a material move for Indian Institute of Management, Indore 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.
Consulting led the batch at 29%
Consulting accounted for 29% of offers, the largest sector share in this 2023 report. The next sector, General Management, HR and Operations, sat at 19%, so the gap between first and second is 10 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 48% of offers
Consulting and General Management, HR and Operations together made up 48% of offers, a concentrated recruiter mix. Finance was a distant third at 18%. Concentration is not automatically good or bad, but it does mean batch-level averages can mask thinner opportunity in secondary functions.
100% of the eligible batch placed
568 of 568 eligible students accepted offers through the campus process (100%). With essentially full participation in the reported pool, the next question is how those offers were distributed across sectors and pay bands rather than whether a seat converted.
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 ₹30.21 LPA and median was ₹27.20 LPA. The average sits above the median, so a smaller set of higher offers pulled the mean up relative to a typical package.
How does the highest CTC compare with the average in 2023?
The highest CTC was ₹1.14 Cr PA, about 3.8x the average of ₹30.21 LPA.
Which program does this 2023 report cover?
This page covers PGP Batch 2021-23 at Indian Institute of Management, Indore.
Where do these placement figures come from?
Every number on this page is transcribed from Indian Institute of Management, Indore's own published materials. Open the source link under the title for the original document.
Notes
Consulting attracted the largest share of offers at 29%, ahead of General Management/HR/Operations at 19%, Finance and Sales & Marketing tied at 18% each, and IT/Analytics at 16%. Average CTC rose a reported 20.8% year on year to Rs 30.21 LPA and median CTC rose a reported 12.9% to Rs 27.20 LPA.
The highest package offered, Rs 1.14 crore, was reported by the institute as a 132.6% increase over the previous year. Average compensation for the top 100 offers reached Rs 52.06 LPA (a reported 37.2% rise) and Rs 40.55 LPA for the top 200 (a reported 23.8% rise), both well above the batch-wide average.
Over 160 recruiters participated, with more than 80 hiring from campus for the first time, including Aarti Industries, Adani Group, Affinity Global, Alkem and BlackRock among others named in the report. Consulting stalwarts Accenture Strategy, Bain & Company, Boston Consulting Group, Deloitte India, EY, Kearney, KPMG and McKinsey & Company drove the domain’s leading share, while Axis Bank, Bank of America, Barclays, Goldman Sachs and JP Morgan Chase & Co anchored finance.
This 568-student final placement figure is drawn from a consolidated report that also covers a separate 2022-24 summer internship season; only the final placement section for the 2021-23 graduating batch is reflected here.