IIM Indore Placements 2023: Highest & Average Salary Package, Top Companies

Mahima Jain Mahima Jain | Jan 3, 2024
Mahima Jain
Mahima Jain

Updated on - Jan 3, 2024

Latest Updates for IIM Indore

  • 28 March 2024 :

    IPMAT application form 2024 submission date has been extended till Apr 1, 2024.

IIM Indore placements 2023 are concluded and the reports for PGP, HRM, and IPM courses are published. Around 90% of the students were placed in the PGP program in the Indian Institute of Management Indore placements 2023. The IIM Indore highest package stood at INR 1.14 CPA in 2023 with an increase of 132.6% as compared to last year.

According to the IIM Indore placement report, the highest stipend awarded was INR 6 Lakh per month, which was 50% more than last year. A total of 160 companies participated in the IIM Indore recruitment drive 2023, and 80 new alliances were made with the top companies. 

Every year hundreds of companies visit the IIM Indore campus, including industry giants, mid-scale industries, and startups. BCG, Barclays, Adani, Reliance, ITC, OLA, TATA, and HSBC are some of the IIM Indore top recruiters. The well-organized IIM placement cell is responsible for the training and placement-related activities.  

Table of Contents

IIM Indore Placement Highlights 2023

IIM Indore saw 160 domestic and international recruiting companies offering roles to students. The IIMI placements team also allows students to appear for interdisciplinary job offers. Below are some of the highlights for the IIM Indore placements 2023 batch.

Particulars Highlights
Total Number of Recruiters 160
Total Number of New Recruiters 80
IIM Indore Highest Package INR 1.14 CPA
IIM Indore Average Package INR 30.21 LPA 
IIM Indore Median Package INR 27.20 LPA
IIM Indore Top Recruiters BCG, Amazon
IIM Indore Recruiting Domains Sales & Marketing, Finance

IIM Indore Recruiting Domains

During the IIM Indore placements 2023, a variety of job roles are provided to students. Below mentioned is a list of domain-wise highlights.

Recruiting Domains Number of Students Placed
IT / Analytics 16%
Sales & Marketing 18%
Finance 18%
General Management and Operations 19%
Consulting 29%

Following is the graph that represents the Indian Institute of Management Indore placements 2023 domain-wise.

IIM Indore Recruting Domains 2023

IIM Indore Top Recruiters

According to the IIMI placements report 2023, a total of 160 recruiters visited the campus for recruitment. The companies recruited in various streams, including IT, Sales, Marketing, Finance, and Consulting. Some of the IIM Indore top recruiters that visited for the placement drive are mentioned below.

Bank of America JSW AB InBev
Asian Paints State Street ITC
Amazon Hindustan Unilever Limited Deloitte
Hero MotoCorp Indiamart L’Oreal
Tech Mahindra PricewaterhouseCoopers Everest Group
Ernst & Young Capgemini L&T
Kotak Mahindra Bank JP Morgan Chase & Co ICICI
DE Shaw Deutsche Bank HDFC Bank
GEP Consulting Infosys Management Consulting Optum
Morgan Stanley Goldman Sachs Marico 
Enphase Energy Bain Capability Network Cognizant Business Consulting
Country Delight Udaan V2 Retail
Genpact Wipro Yes Bank
Merilytics MXV Consulting Bridgestone
McKinsey & Company Boston Consulting Group American Express

IIM Indore Placement Statistics

IIM Indore placements 2023 have been growing exponentially over the years. According to the IIM Indore placement report 2023, the average salary for the PGP course among the top 100 (domestic) was INR 52.06 LPA and increased by 37.2%, and the average salary amongst the top 200 was INR 40.55 LPA and increased by 20.8%, in comparison, to 2022.

The course-wise Indian Institute of Management Indore placements statistics over the years is given below.

IIM Indore Salary Trend 

IIM Indore average package and highest package have seen a whopping rise as per the placement report. The IIM Indore salary trend of the highest and average package during the last five years (2019 to 2023) is shown in the table below. 

Year IIM Indore Highest Package IIM Indore Average Package
2023 INR 1.13 CPA INR 30.21 LPA
2022 INR 49 LPA INR 25.01 LPA
2021 INR 41.5 LPA INR 23.6 LPA
2020 INR 50 LPA INR 22.92 LPA
2019 INR 40.5 LPA INR 20.79 LPA

The graph below shows the IIM Indore highest package and average package during the last five years (2019 to 2023).

IIM Indore Salary Trend

IIM Indore HRM Salary Trend

A total of 38 students of the PGP HRM course were placed in reputed companies during the IIMI placements 2023. The maximum placements were made in the BSFI domain by companies like Hero Fincorp, ICICI Bank and Kotak Mahindra Bank, followed by the Consulting and Manufacturing domain. 

Given below is the graph showing the Indian Institute of Management Indore placement data (2022-2023).

IIM Indore HRM Salary Trend 2023

IIM Indore Program-Wise Salary Trend

The table below shows the IIM Indore salary trend 2023 course-wise. For the EPGP course, IIM Indore highest package offered was INR 43 LPA, the average package offered was INR 27.8 LPA, and the median package offered was INR 30 LPA.

Particulars PGP and IPM HRM EPGP
IIM Indore Highest Package Offered INR 1.13 CPA INR 34.5 LPA INR 43 LPA
IIM Indore Average Package Offered INR 30.21 LPA  INR 22.6 LPA INR 27.8 LPA
IIM Indore Median Package Offered INR 27.20 LPA INR 22.2 LPA INR 30 LPA

IIM Indore Median Packages Offered

IIM Indore saw the highest median package in the year 2023 for PGP and IPM students. The IIM Indore MBA placements package stood at INR 27.20 LPA.

Year Median Package
2023 INR 27.20 LPA
2022 INR 24.09 LPA
2021 INR 22.6 LPA
2020 INR 22 LPA
2019 INR 19.2 LPA

The graph below shows the salary trend of median packages during the 2019 to 2023 IIMI placements.

IIM Indore Median Package

IIM Indore Sector-Wise Placement Statistics

According to the IIM Indore placements report, around 35% of students are placed in the IT/ Operations sector while only 2% were placed in Sales and Marketing. The below graph shows the sector-whose IIM Indore MBA placements trends.

IIM Indore EPGP Placement Statistics

According to IIM Indore placement statistics, 48 out of 57 EPGP students were offered placements for the different job roles tabulated below. The placement drive saw the participation of 68+ companies that offered over 160 roles across various fields. 

Territory Business Head Associate Project Manager Senior Consultant
Quality Assurance Manager Analyst Manager - IT Security
Consultant Associate Manager – Cloud CML Manager

IIM Indore EPGP Salary Trend

A 5% year-on-year increase was observed in the IIM Indore EPGP average package. The IIM Indore salary trend for the EPGP course over the last five years (2019-2023) is tabulated below.

Year Highest Package Average Package
2023 43.9 LPA 27.8 LPA
2022 70 LPA 25.9 LPA
2021 32.76 LPA 19.99 LPA
2020 80 LPA 24.10 LPA
2019 31.68 LPA 20.65 LPA

Below is the graphical representation of the highest and average packages offered during the IIM Indore recruitment drive.

IIM Indore EPGP Salary Trend

IIM Indore EPGP Median Packages Offered

A 27% year-on-year increase was observed in the median package as per the IIM Indore placement report. The following table shows the trends in the median package offered during the Indian Institute of Management Indore placements drive.

Year Median Package
2023 43.9 LPA
2022 23.6 LPA
2021 19.75 LPA
2020 18.98 LPA
2019 21 LPA

Below is the graph that shows the median packages offered during IIM Indore placements drive from 2019-2023.

IIM Indore EPGP Median Package

IIM Indore Other Top Recruiters

IIM Indore placements drive 2023 witness over 160 recruiters that offer multiple recruitment opportunities to the students. The IIM Indore top recruiters domain-wise is given below.

Consulting

Accenture BAIN and Company BCG
Deloitte EY KEARNEY
KPMG McKinsey & Company PWC

Finance

Citi DE Shaw and Co Goldman Sachs
DeutscheBank Edelweiss Tokio Life Insurance IndigoEdge
International Finance Corporation JP Morgan Chase & Co Morgan Stanley
PiramalAlternatives SBI Capital Markets Whiteboard Capital

General Management/HR/Operations

Adani Group Amway Adani
Bharat SerumsandVaccines Capgemini Chrysalis
E.L.I.T.E Cipla CK Birla
Cummins Flipkart General Mills
ICICI Bank JSW Jubilant FoodWorks
Kotak Mahindra Bank Larsen & Toubro Reliance Industries
Tata Administrative Services Tata Capital TATA Steel
Udaan WIPRO Sunteck Realty

IT/Analytics

Amazon American Express Axtria
BigBasket Cardekho Fidelity Investments
GE Healthcare Hexaware IDFC Bank
MagicBricks Microsoft Newzera Tech
Optum Global Solutions Procter & Gamble Tata Consultancy Services
Tiger Analytics Wallmart Zee Entertainment

Sales and Marketing

ABInBev Aditya Birla Fashion & Retail Limited Aliens Group
AgroTech Limited Asian Paints AstraZeneca
Atomberg Technologies Bajaj Auto Dabur
DCM Shriram Disney Star Dr. Reddy's Laboratories
Everest Industries Godrej Properties Limited Google
Hindustan Unilever Limited InfoEdge ITC
Johnson & Johnson Medtronic Mondelez International
OfBusiness PepsiCo Puma
Reckitt Samsung SonyPicturesNetworks
Tata Consumer Products Coca-Cola Company V-Guard

IIM Indore Placement Cell

The IIM Indore placement cell takes care of all the placement-related activities. It organises various events for the students to enhance corporate readiness and provide avenues for corporate engagement. Some of these activities include leadership lecture series, workshops, live learning, and live projects program.

The activities allow the overall development of budding management professionals. Additionally, the IIM Indore placement cell conducts summer internships and final recruitments. 

IIM Indore Internship

The summer internship procedure of the IIM Indore placements 2023 has been concluded successfully. 100% of students were placed from the 2022-24 batch, and over 140+ recruiters participated.

According to the Indian Institute of Management Indore internship data, there was a 50% increase in the highest stipend, a 37% increase in the average stipend, and a 35% increase in the median stipend. Below are the highlights of the internship details during the IIM Indore placements.

Particulars Stipend (in INR)
Highest Stipend INR 6 Lakhs
 Average Stipend INR 2.74 Lakhs
Median Stipend INR 2.70 Lakhs
Top 100 Stipend INR 4.22 Lakhs
Top 200 Stipend INR 3.86 Lakhs

The graph below shows the IIM Indore internship highlights for the year 2022-2024.

IIM Indore Internship Highlights

IIM Indore Domain-Wise Internship

As per the IIMI placements report for the batch 2022-24, Sales & Marketing and Consulting firms dominated the internship placements. According to the IIM Indore placement report students were placed in BFSI, Conglomerate, Construction & Real Estate, Consulting, Consumer Goods, E-commerce, Healthcare, Logistics & Manufacturing, Technology, Media & Telecommunications, Utilities & Renewables.

The domain-wise IIM Indore placements for summer internship are given below.

IIM Indore Internship Domains

IIM Indore Placements FAQs

What was the IIM Indore highest package in 2023?

The IIM Indore highest package offered in the PGP course was INR 1.14 CPA. For the PGP-HRM course, it was INR 34.5 LPA and for the EPGP course, it was INR 43 LPA.

What was the IIM Indore average package in 2023?

The IIM Indore average package offered in the PGP course was INR 30.21 LPA. For the PGP-HRM course, it was INR 20.6 LPA and for the EPGP course, it was INR 27.8 LPA.

What was the IIM Indore placement percentage in 2023?

The Indian Institute of Management Indore placements for the PGP course was 90 %, while for the PGP-HRM and EPGP, it was 100%.

What were some of the IIM Indore top recruiters?

Some of the IIM Indore top recruiters include Bank of America, JSW, BCG, Asian Paints, State Street, ITC, Amazon, Hindustan Unilever Limited, Deloitte, and TATA amongst others.

IIM Indore Reviews

Overall Rating

4.1

Verified

Distribution of Rating

>4-5 star

74

>3-4 star

6

>2-3 star

5

1-2 star

1

College Infrastructure & Hostel Facilities

4.4

Clubs & Associations

4.2

Fees & Scholarships

3.6

Placements & Internships

4.2

Academics & Faculty

4.3

Verified
Arshad K Batch 2008 B.Sc Biology
2.5
Reviewed on May 17, 2018
2.5 Fees
2.5 Academics
2.5 Infrastructure
2.5 Campus

Fees & Scholarships : The course fee is INR 1lakh. The scholarship is available.

Academics & Faculty : The classes time is 8 hours daily. The teachers are very good and the teaching process is excellent.

College Infrastructure & Hostel Facilities : 5 hostels are there. The quali

Read More

Verified
Ajju Don Batch 2018 MBA [Master of Business Administration]
5
Reviewed on May 15, 2018
5 Placements
5 Fees
5 Academics
5 Campus

Placements & Internships : Ya, there are several internships it is based on student capabilities. Of course, there will be several companies who hire the MBA candidates. The average salary is INR 50000 which can be earned by the

Read More

Verified
Vicky Pandey Batch 2018 BBA [Bachelor of Business Administration]
3.3
Reviewed on Apr 14, 2018
3.5 Placements
3.5 Fees
4 Academics
3 Infrastructure
2.5 Campus

Placements & Internships : After BBA+MBA from this university, you get minimum of INR 12Lakhs per anum. Mostly MNC comes and hires the candidates. It has good Alumni Network all over the world.

Entrance Exams & Admissions : You need to score minimum 60% in the 12th class

Read More

Verified
Darshna Bhatt Batch 2013 BE [Bachelor of Engineering]
2.1
Reviewed on Apr 07, 2018
2.5 Placements
2 Fees
2 Academics
2 Infrastructure
2 Campus

Placements & Internships : Alumni network are some good and some typical. Average salary figures are INR 50000 and highest salary is no bare.

Entrance Exams & Admissions : Nice and best college and all the professors and leaders are awesome . My typical cutoffs, of course

Read More

Verified
Mudit Nawani Batch 2021 Others
4.1
Reviewed on Apr 03, 2018
5 Placements
2.5 Fees
3 Academics
5 Infrastructure
5 Campus

Placements & Internships : Companies like JP Morgan, Goldman Sachs and TCS Average IPM package this year was about INR 16 LPA Alumni have a frequent contact to enable us have corporate idea

Fees & Scholarships : Fees isINR 370000 an year for the first three years

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