Average Salary Packages of All IIMs: Complete Placement Analysis

The Indian Institutes of Management (IIMs) represent the pinnacle of management education in India. Each year, thousands of aspirants take CAT to enter these institutions that consistently produce top corporate leaders, entrepreneurs, and policy thinkers.

The 2025 placement season has been a strong indicator of recovery and growth in India’s management job market — with IIMs posting record-breaking packages across consulting, finance, analytics & product management.

This article provides a comprehensive look at the average salary packages of all IIMs, based on official placement reports for the batch of 2023-25, projecting the expected ROI for MBA aspirants of 2026-28.

Average Salary Packages at Top IIMs (2025)

IIM Ahmedabad — Rs. 35 LPA (Average)

The oldest and most prestigious IIM continues to lead the pack. IIM Ahmedabad’s final placements saw record recruitments by top consulting firms like McKinsey, BCG & Bain. The average CTC stood at Rs. 35 LPA, with the highest international package touching Rs. 1.15 Cr.

Top Recruiters: Amazon, HSBC, PwC, Accenture Strategy, TCS Digital
Top Domains: Consulting | Finance | Product Management

IIM Bangalore — Rs. 34.88 LPA (Average)

Known for its academic rigor and international collaborations, IIM Bangalore posted an average package of Rs. 34.88 LPA. Over 150 companies visited for recruitment across consulting, tech, and analytics domains.

Top Recruiters: Goldman Sachs, Google, Microsoft, Deloitte, Kearney
Notable Specialization: Finance & Technology Consulting

IIM Calcutta — Rs. 34.23 LPA (Average)

IIM Calcutta, the “Finance Campus of India,” continues to impress with placements in IB, consulting & analytics. A total of 150+ recruiters offered roles in strategy & finance.

Top Recruiters: JP Morgan, Bain & Company, EY, HDFC Bank
Placement Highlight: Median Salary Rs. 33 LPA

IIM Lucknow — Rs. 32.3 LPA (Average)

With its legacy of over three decades, IIM Lucknow has strengthened its position among India’s elite B-schools. The average package rose to Rs. 32.3 LPA, with diversified roles in consulting, finance, and IT.

Top Recruiters: Boston Consulting Group, ICICI, HUL, KPMG
Program Highlight: PGP & PGP-ABM

IIM Indore — Rs. 29.57 LPA (Average)

One of the most consistent performers, IIM Indore achieved a 100% placement rate with an average package of Rs. 29.57 LPA. Key recruiters included Deloitte, EY, and Infosys Consulting.

Sectors: Consulting (32%) | Finance (19%) | Tech (25%)

IIM Kozhikode — Rs. 28.05 LPA (Average)

Riding on strong diversity initiatives and a stellar placement network, IIM Kozhikode has shown steady growth in average CTC, which now stands at Rs. 28.05 LPA. Top roles were offered in FMCG, BFSI, and Analytics.

Next-Generation IIMs (High ROI & Strong Growth)

IIM Udaipur — Rs. 18.77 LPA

IIM Udaipur has emerged as a research-driven institute with global accreditation (AACSB). Placements reflect excellent growth in analytics and operations roles.

Top Recruiters: Cognizant, Flipkart, ICICI, Deloitte

IIM Raipur — Rs. 18.15 LPA

A rising star among the new IIMs, Raipur maintains a diverse recruiter base with roles in consulting & BFSI. Average CTC grew by 14% from the previous year.

IIM Ranchi — Rs. 19.73 LPA

Ranchi has a strong alumni presence in finance & consulting sectors. The average package for the MBA 2023-25 batch was Rs. 19.73 LPA.

IIM Trichy — Rs. 19.43 LPA

Located in Tamil Nadu, IIM Trichy has carved a niche for its Finance & Analytics programs. Top recruiters include KPMG, Cognizant, and TCS.

IIM Amritsar — Rs. 19.73 LPA

With a rapidly growing placement record and corporate interface, IIM Amritsar now competes with its older counterparts in average packages and diversity of recruiters.

Emerging IIMs: Consistent Growth & Industry Integration

The emerging IIMs are steadily establishing their mark in the management education ecosystem through consistent placement growth and strong corporate partnerships. IIM Nagpur, with an average package of Rs. 18.07 LPA, has built robust industry linkages, particularly in the manufacturing and analytics domains. IIM Sambalpur follows closely, emphasizing entrepreneurship and data-driven learning, with an average CTC of Rs. 15.65 LPA.

IIM Sirmaur stands out among newer IIMs, registering a rising average CTC of Rs. 26.77 LPA — driven primarily by consulting placements and growing recruiter confidence. IIM Kashipur, offering an average of Rs. 15.04 LPA, continues to attract fintech firms and corporate tie-ups, while IIM Vizag (Rs. 16.40 LPA) has seen an uptick in analytics and consulting roles.

Meanwhile, IIM Mumbai, newly integrated into the IIM family, has quickly risen with a remarkable Rs. 29.57 LPA average CTC thanks to strategic industry alliances and strong alumni networks. On the other hand, IIM Bodh Gaya (Rs. 13 LPA) offers one of the best ROI-driven MBA programs, balancing affordability with solid placements. IIM Shillong (Rs. 26.44 LPA) maintains its edge in consulting and sustainability management, whereas IIM Jammu (Rs. 15.48 LPA) continues to strengthen its presence in operations and public-sector placements.

Together, these institutes underline the evolving dynamism of the new-age IIMs — each carving a niche based on regional industry relevance and specialized learning pathways.

Comparative Analysis: Old vs New vs Baby IIMs

The IIM ecosystem can broadly be categorized into Old IIMs, New IIMs, and Baby IIMs, each serving a distinct student segment and career trajectory.

The Old IIMs — including IIM Ahmedabad, Bangalore, Calcutta, Lucknow, Indore, and Kozhikode — remain synonymous with global employability and elite consulting placements, offering average salary packages ranging between Rs. 28 LPA to Rs. 35 LPA. Top recruiters like McKinsey, BCG, HUL, and Goldman Sachs dominate their placement rosters, underscoring their continued leadership.

The New IIMs — such as IIM Trichy, Udaipur, Raipur, Ranchi, and Kashipur — showcase a balanced combination of academic excellence and corporate engagement, with average packages in the range of Rs. 18 LPA to Rs. 22 LPA. These institutions are particularly known for placements with firms like Deloitte, Infosys, TCS, and EY, reflecting their growing corporate acceptance.

The Baby IIMs — including IIM Jammu, Bodh Gaya, Sirmaur, Sambalpur, Vizag, and Nagpur — are fast emerging as ROI-friendly destinations for management education, offering salary ranges between Rs. 13 LPA to Rs. 17 LPA. Recruiters such as Cognizant, ICICI Bank, HDFC, and KPMG are regular participants in their placement drives, showcasing expanding opportunities for graduates.

In essence, while the Old IIMs continue to set global benchmarks, the New and Baby IIMs are closing the gap by offering strong ROI, regional industry engagement, and specialized programs, making them compelling choices for CAT aspirants in 2026–28.

Sector-Wise Placement Breakdown (2025)

• Consulting & Strategy: 31% of offers (BCG, Deloitte, Accenture Strategy)
• Finance & BFSI: 22% (HSBC, ICICI, Axis Bank, Citi)
• Product & Tech: 21% (Google, Microsoft, TCS, Infosys)
• FMCG & Sales: 15% (HUL, Nestlé, ITC, P&G)
• Analytics & Operations: 11% (Amazon, Flipkart, Zynga, EY Analytics)

ROI Perspective

While older IIMs offer premium placements, new IIMs score high in ROI because of their moderate fees (Rs. 16–20 L vs Rs. 27–30 L). For example:

• IIM Trichy & IIM Udaipur offer 19–20 LPA averages on a Rs. 18 L fee, yielding excellent ROI.
• IIM Sirmaur & IIM Kashipur are fast emerging as value-driven campuses with diversified roles.

Prof. Route’s Insight

“Placements at IIMs reflect not just salary figures but India’s economic pulse — from consulting to AI analytics to sustainability. Each IIM has its own DNA – while the older ones shape leaders for global boards, the newer ones empower the next wave of innovators.”
— Prof. Route, Academic Mentor, MyCollegeRoute.com

FAQs

Q1. Which IIM offers the highest average package?

IIM Ahmedabad (Rs. 35 LPA) currently tops the list, followed closely by IIM Bangalore and IIM Calcutta.

Q2. Which IIM has the best ROI?

IIM Trichy, IIM Udaipur & IIM Raipur offer strong returns given their lower fee structure.

Q3. Are Baby IIMs worth joining?

Yes — they offer diverse corporate connects, good placements (Rs. 13–17 LPA), and rapid growth potential.

Q4. What is the average package for new IIMs?

Between Rs. 18–22 LPA based on latest placement data (2025 season).

Q5. Which sectors recruit most from IIMs?

Consulting, IT Products, BFSI & Analytics dominate the placement landscape.