Indian Institute of Management, Nagpur2023 Placement Report
Indian Institute of Management, Nagpur: 2023 Placement Report
Numbers
Editorial review
Indian Institute of Management, Nagpur's 2023 placement cycle: IIM Nagpur's largest-ever batch of 236 students completed final placements on 29 December 2022, with a highest CTC of Rs 64 lakh, average CTC of Rs 16.74 lakh and 19 first-time recruiters; ITES led sector share at 33.33%; median CTC rose +9.3% 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.
IIM Nagpur's seventh batch (PGP 2021-23) was its largest to date at 236 students, completing final placements on 29 December 2022 over a hybrid virtual and offline process. ITES led sector share at 33.33% of offers, narrowly ahead of BFSI at 30.70%, together accounting for nearly two thirds of placements, with Consulting third at 13.59% and Manufacturing fourth at 11.84%. Average CTC of Rs 16.74 lakh and median CTC of Rs 16.85 lakh both grew further from the 2022 batch's Rs 15.21 lakh average and Rs 15.42 lakh median, and the highest offer of Rs 64 lakh was more than double the 2022 batch's Rs 31.54 lakh peak. Nineteen first-time recruiters joined this cycle, including Adani, Yes Bank and L'Oreal, alongside continuing partners Microsoft, ICICI Bank, Bank of America, HDFC Bank and KPMG. By domain rather than sector, Strategy & Consulting accounted for 18% of offers and IT & Analytics for 17%, together with Operations at 15% making up the top three functional choices, mirroring the institute's own account that more than 70% of the batch opted into IT/ITES, BFSI and Consulting. Top 50% of the batch averaged Rs 18.91 lakh, close to the overall average, suggesting a fairly tight distribution below the Rs 64 lakh outlier at the very top.
Key takeaways
Median, average, and highest CTC all rose
Median CTC rose from ₹15.42 LPA in the prior cycle to ₹16.85 LPA this year (+9.3%). Average CTC rose from ₹15.2 LPA in the prior cycle to ₹16.74 LPA this year (+10.1%). Highest CTC rose from ₹31.54 LPA in the prior cycle to ₹64 LPA this year (+102.9%). Prefer the median over highest when sizing a typical outcome for this batch.
ITES led the batch at 33.33%
ITES accounted for 33.33% of offers, the largest sector share in this 2023 report. The next sector, BFSI, sat at 30.7%, so the gap between first and second is 2.6 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 64% of offers
ITES and BFSI together made up 64% of offers, a concentrated recruiter mix. Consulting was a distant third at 13.59%. Concentration is not automatically good or bad, but it does mean batch-level averages can mask thinner opportunity in secondary functions.
IT/ITES and BFSI dominated sector share
IT/ITES and BFSI together drew more than 70% of the batch's sector-wise placements, with the most preferred roles in Strategy Consulting, IT & Analytics, Operations, Sales & Marketing, General Management and Finance.
Sector split
Hover a slice to view the percentage / count split
Top recruiters
New this year
Frequently asked questions
How did average CTC compare with the median in 2023?
Average CTC was ₹16.74 LPA and median was ₹16.85 LPA. The average and median sit close together, pointing to a fairly tight band of outcomes across the batch.
How does the highest CTC compare with the average in 2023?
The highest CTC was ₹64 LPA, about 3.8x the average of ₹16.74 LPA.
Which program does this 2023 report cover?
This page covers PGP Batch 2021-23 (7th Batch) at Indian Institute of Management, Nagpur.
Where do these placement figures come from?
Every number on this page is transcribed from Indian Institute of Management, Nagpur's own published materials. Open the source link under the title for the original document.
Notes
IIM Nagpur’s seventh batch (PGP 2021-23) was its largest to date at 236 students, completing final placements on 29 December 2022 over a hybrid virtual and offline process. ITES led sector share at 33.33% of offers, narrowly ahead of BFSI at 30.70%, together accounting for nearly two thirds of placements, with Consulting third at 13.59% and Manufacturing fourth at 11.84%. Average CTC of Rs 16.74 lakh and median CTC of Rs 16.85 lakh both grew further from the 2022 batch’s Rs 15.21 lakh average and Rs 15.42 lakh median, and the highest offer of Rs 64 lakh was more than double the 2022 batch’s Rs 31.54 lakh peak. Nineteen first-time recruiters joined this cycle, including Adani, Yes Bank and L’Oreal, alongside continuing partners Microsoft, ICICI Bank, Bank of America, HDFC Bank and KPMG. By domain rather than sector, Strategy & Consulting accounted for 18% of offers and IT & Analytics for 17%, together with Operations at 15% making up the top three functional choices, mirroring the institute’s own account that more than 70% of the batch opted into IT/ITES, BFSI and Consulting. Top 50% of the batch averaged Rs 18.91 lakh, close to the overall average, suggesting a fairly tight distribution below the Rs 64 lakh outlier at the very top.