MBA Placements 2025 process is currently underway in all top B-schools in India. Among the IIMs, IIM Ahmedabad (IIMA), IIM Calcutta (IIMC), IIM Mumbai (IIM-M), IIM Lucknow (IIML), IIM Ranchi (IIMR) and IIM Nagpur have completed placements. XLRI Jamshedpur and MDI Gurgaon too have completed their final placements 2025. As per the data shared by IIML, IIM-M, IIMR, XLRI and MDI average MBA salaries have grown by 3-7% only.
International MBA Placements Dip in Top US B-schools – Wall Street Journal
Let’s start with the global picture. According to an in-depth new report in Wall Street Journal, not all is well with MBA placements, even at the top US B-school. The article stated:
- For MBAs, landing a job in the U.S. has become increasingly challenging, even for Harvard Business School (HBS) graduates.
- According to the report, 23% of HBS MBA graduates from the previous spring batch were still seeking employment three months after graduation. This HBS MBA unemployment rate is up from 20% the prior year and 10% in 2022.
- Other top business schools, including Wharton, Stanford, and NYU Stern, also reported worse placement outcomes last year.
- Employers like Amazon, Google, and Microsoft have reduced MBA hiring, while consulting firms like McKinsey have also cut back on recruitment.
- Harvard is introducing new tools and courses to assist students in bridging skills gaps and improving job search outcomes.
- Despite challenges, majority of MBA graduates from elite schools secure well-paying jobs with median starting salaries around $175,000.
Based on the article, here is a summary of the unplaced student percentage for different B-schools:
International MBA Placements Dip in Top US B-schools – Wall Street Journal
| Business School | Unplaced Percentage (3 Months Post Graduation) |
| Harvard Business School (HBS | 23% |
| MIT Sloan School of Management | 22.8% |
| Duke University’s Fuqua School | 18% |
| Kellogg School of Management | 13% |
| University of Virginia Darden | 10% |
| Chicago Booth School | Tripled compared to 2022 |
| Northwestern University’s Kellogg | Tripled compared to 2022 |
MBA Placements 2025
MBA Placements 2025 is in progress across all B-schools in India. Check details below.
IIM Ahmedabad Placement 2025 Complete: BCG Top Recruiter
Indian Institute of Management Ahmedabad (IIMA) is the first B-school to announce the completion of final placement process for the PGP Class of 2025 on February 12, 2025. Here are the key highlights:
- IIMA placement 2025 recorded increase in offers in niche consulting (22%), fintech (40%), cards and financial advisory (300%), advisory consulting (120%), retail B2B & B2C (400%), and consumer tech (800%).
- Boston Consulting Group (BCG) has emerged as the highest recruiter, making 35 offers in total. Accenture Strategy followed closely with 30 offers.
- In the investment banking sector, Goldman Sachs led with nine offers, followed by Avendus Capital, which extended seven offers.
- The general management domain saw Tata Administrative Services making five offers, while GMR Group recruited four students of IIM Ahmedabad.
- The placement process started with the Laterals Placement Process from January 6 to 21, targeting students with prior work experience for middle and senior management roles. FinIQ Consulting was the top recruiter in this phase, making 11 offers, followed by Navi Technologies with 10 offers.
- Following this, the Final Placements were conducted, where firms were grouped into cohorts based on their industry and core business.
- Students were allowed to apply to their “dream” companies, even after securing an offer, facilitating better alignment between their career aspirations and job roles. This year witnessed a 16% increase in students making dream applications compared to the previous cycle.
- Consulting remained a preferred sector, with top recruiters including Accenture Strategy, Bain & Company, Deloitte, EY Parthenon, Kearney, KPMG, McKinsey & Company, Monitor Deloitte, Oliver Wyman, PwC India, Strategy&, and Vector Consulting Group.
- The investment banking and asset management space saw increased participation from firms such as Arpwood Capital, Bank of America, Citi Bank, Deutsche Bank, Elevation Capital, JP Morgan Chase, Morgan Stanley, Standard Chartered Bank, and UBS.
- Consumer goods and tech firms such as Amazon, Flipkart, Google, Hindustan Unilever, ITC, Nestlé, Procter & Gamble, and Zomato also recruited actively. Notable hires in the fintech sector included American Express, Mastercard, and Navi Technologies. Enterprise tech firms such as Adobe, BrowserStack, Microsoft, and Qualcomm also extended offers.
MBA Placements 2024: Top B-schools
The MBA Placement 2024 season saw an unprecedented decline in salary trends across most of top business schools in India. While IIM Bangalore was a noticeable exception, several B-schools including XLRI Jamshedpur, IIM Lucknow, and IIM Indore, saw a fall in average salaries. As the table 1 shows, IIM Bangalore saw a marginal increase in average salary from Rs. 35.31 LPA in 2023 to Rs. 35.92 LPA in 2024. At IIM Calcutta, average salary was steady at Rs. 35.07 LPA.
XLRI Jamshedpur saw a significant decline, with the average salary dropping from Rs. 32.70 LPA in 2023 to Rs. 29.89 LPA in 2024. IIM Lucknow reported a decrease from Rs. 32.20 LPA in 2023 to Rs. 30.00 LPA in 2024. Both IIM Kozhikode and IIM Indore saw a significant dip in average salary.
MBA Salaries Stagnant or Decline, even in Top B-schools
| B-school | Average Salary 2023 (Rs. in Lakhs) | Average Salary 2024 (Rs. in Lakhs) | Increase/ Decrease (%) |
| IIM Bangalore | Rs. 35.31 | Rs. 35.92 | +1.7% |
| IIM Calcutta | Rs. 35.07 | Rs. 35.07 | 0% |
| IIM Ahmedabad | Rs. 34.45 | Data Awaited | – |
| XLRI Jamshedpur | Rs. 32.70 | Rs. 29.89 | -9% Drop |
| SPJIMR Mumbai | Rs. 33.02 | Rs. 33.00 | 0% |
| MDI Gurgaon | Rs. 27.67 | Rs. 25.50 | -8% Drop |
| IIM Lucknow | Rs. 32.20 | Rs. 30.00 | -7% Drop |
| IIM Kozhikode | Rs. 31.02 | Rs. 28.05 | -10% Drop |
| IIM Indore | Rs. 30.21 | Rs. 25.68 | -15% Drop |
| SJMSoM IIT Bombay | Rs. 28.88 | Rs. 28.01 | -3% Drop |
MBA Salary of Top B-schools in India
| Top MBA College by Average Salary | MBA Average Salary 2021 | MBA Average Salary 2022 | MBA Average Salary 2023 | MBA Average Salary 2024 |
|---|---|---|---|---|
| IIM Bangalore | Rs.28.98 LPA | Rs. 33.82 LPA | Rs. 35.31 LPA | Rs. 35.92 LPA |
| IIM Calcutta | Rs. 29.00 LPA | Rs. 34.20 LPA | Rs. 35.07 LPA | Rs. 35.07 LPA |
| FMS Delhi | Rs. 26.20 LPA | Rs. 32.40 LPA | Rs. 34.10 LPA | Data Awaited |
| ISB Hyderabad | Rs. 28.21 LPA | Rs. 34.08 LPA | Rs. 34.21 LPA | Data Awaited |
| IIM Ahmedabad | Rs. 27.54 LPA | Rs. 32.80 LPA | Rs. 34.45 LPA | Data Awaited |
| SPJIMR Mumbai | Rs. 26.06 LPA | Rs. 32.05 LPA | Rs. 33.02 LPA | Rs. 33.00 LPA |
| XLRI Jamshedpur | Rs.25.08 LPA | Rs.30.07 LPA | Rs. 32.70 LPA | Rs. 29.89 LPA |
| IIM Lucknow | Rs. 26.00 LPA | Rs. 31.03 LPA | Rs. 32.20 LPA | Rs. 30.00 LPA |
| SIBM Pune | Rs.19.56 LPA | Rs.23.06 LPA | Rs. 26.77 LPA | Rs. 28.16 LPA |
| IIM Kozhikode | Rs. 22.53 LPA | Rs. 29.50 LPA | Rs. 31.02 LPA | Rs. 28.05 LPA |
| SJMSoM IIT Bombay | Rs.21.96 LPA | Rs. 25.93 LPA | Rs. 28.88 LPA | Rs. 28.01 LPA |
| IIM Shillong | Rs.19.17 LPA | Rs. 23.10 LPA | Rs. 26.96 LPA | Rs. 26.10 LPA |
| IIM Indore | Rs.23.60 LPA | Rs. 25.01 LPA | Rs. 30.21 LPA | Rs. 25.68 LPA |
| DMS IIT Delhi | Rs.18.50 LPA | Rs. 21.90 LPA | Rs. 25.82 LPA | Data Awaited |
| IIFT Delhi & Kolkata | Rs.21.08 LPA | Rs. 25.16 LPA | Rs. 29.10 LPA | Data Awaited |
| MDI Gurgaon | Rs.23.15 LPA | Rs. 26.65 LPA | Rs. 27.67 LPA | Rs. 25.50 LPA |
| TISS Mumbai | Rs.19.62 LPA | Rs. 23.97 LPA | Rs. 27.22 LPA | Rs. 25.28 LPA |
| JBIMS Mumbai | Rs.23.16 LPA | Rs. 27.63 LPA | Rs. 28.02 LPA | Data Awaited |
| NMIMS Mumbai | Rs.18.45 LPA | Rs. 23.07 LPA | Rs. 26.63 LPA | Rs. 25.13 LPA |
Top Sectors Recruiting MBAs have changed dramatically
A big insight from the recent MBA recruitment data is that just three sectors hire more than 80% of all MBA graduates from Top 50 Indian B-schools. These sectors are: Global Capability Centers (GCC) & IT Services, Consulting and Banking & Financial Services. Refer table 6 for sector wise breakup.
Top Sectors Recruiting MBAs from Top 50 B-schools in 2023 & 2024
Industry | Share of Total MBA Jobs Offered |
IT Services | 33.9 % |
Consulting | 25.5 % |
Banking & Financial Services | 24.8 % |
Internet Businesses | 3.7 % |
IT Software | 3.4 % |
Diversified & Others | 8.7 % |
Total | 100.0 % |
MBA Placements 2024: Top B-school Placement Highlights
After this overview, time to dive into a few leading institutes for more details on their MBA placements.
IIM Bangalore Placement 2024: 100% Placements Complete with Marginal Dip in Median Salary
Indian Institute of Management, Bangalore (IIMB) concluded Final Placements 2024 for PGP-BA and PGP programs in early 2024. According to IIM Bangalore, Median Annual Salary for Placements 2024 was Rs 32.5 lakh. This was marginally lower than last year’s median salary. In the placement week, which ended on February 7, IIM Bangalore saw 503 students accepting job offers. Another 13 students were placed in a subsequent rolling placement process. Consulting firms have made the most offers, while Finance, Banking and Investment sector was the second largest recruiter during IIMB Placements 2024.
IIM Ahmedabad Completes 100% Final Placements 2024: Salary 2024 Statistics Not Revealed
IIM Ahmedabad had successfully completed its Final Placement Process 2024 for both flagship PGP program and PGP Food and Agribusiness (PGP-FABM). Firms from multiple domains participated across the 3 clusters in the Final Placements. It must be noted that IIM Ahmedabad has not released salary data at the time of publishing this article. IIMA undertakes a formal audit of all offers before publishing the numbers. In previous years, audited report was published by Oct/Nov. For placements 2024, it was not published even by December 2024. IIM Ahmedabad PGP placements 2024 was spread over 3 clusters from February 6-12, 2024. Announcing completion of Placements 2024, Prof. Ankur Sinha, Chairperson of Placements at IIM Ahmedabad said: “Even in a tough year for the job market, IIMA saw a large number of recruiters participating in the placement process. The successful completion of the placement process within three cluster days is a testament to the high-quality learning experience at the institute and the robust placement process that provides adequate flexibility to both recruiters and students.”
IIM Calcutta Competes 100% Placements 2024; Salary 2024 Statistics Not Revealed
IIM Calcutta has completed 100% placements for the flagship MBA programme for the 59th batch on February 19, 2024. About 464 students took part in the process, securing 529 offers from 194 companies. IIM Calcutta has not revealed salary statistics for Placements 2024 even by December 2024. Nimruji Jammulamadaka, Chairperson, Placement Committee said, “Looking at the market conditions, we were ready for the long haul and focused on diversifying the recruiter base and building student resilience. We must say, the institute has been successful in this regard.”
XLRI Completes 100% Placements 2024; Average Salary dips by 8.6%
XLRI Jamshedpur has completed 100 percent placements for all 503 students of graduating 2022-24 class of PGDM (BM) and Two-year PGDM (HRM) programs from both XLRI Jamshedpur and XLRI Delhi NCR campuses. A total of 154 recruiters, included 65 new recruiters, participated in XLRI Placements 2024 making 519 domestic and 1 international offer. Against the backdrop of challenging market conditions, the average salary for XLRI Placements 2024 has dipped by 8.6%. Accenture Strategy, Amazon, Boston Consulting Group, HCL, HUL, Ola, PwC, Reliance and Tata Steel made the highest number of offers at XLRI Placements 2024.
SPJIMR Placements 2024: No Change in Average Salary amidst challenging Job Market
SPJIMR Mumbai has successfully completed its Final Placements for PGDM Class of 2024 amidst the global slowdown and associated impact on campus placements. While the highest salary at SPJIMR placements 2024 has gone up at Rs. 81 LPA, the average salary did not see increase from last year and remained at Rs. 33 LPA. The process saw 72 companies onboarded and rolling out speedy offers, reflecting the trust in the value-based leadership style of the MBA participants. FMCG, Consulting, BFSI, Tech emerged as the top recruiting sectors. On the successful completion of placements, Prof. Renuka Kamath, Associate Dean – Full Time Programmes, said, “Amid uncertain times, the support from our industry partners is invaluable to us. We appreciate their commitment in hiring SPJIMRs young talent who are not only industry ready, but also socially-conscious”.
IIM Lucknow Placement 2024: Average Salary Dips
IIM Lucknow completed 100% placement 2024 for the largest ever 38th PGP and PGP-ABM 2022-24 batch of 576 students. Average Salary goes down at Rs.30 LPA in 2024 from Rs.32.20 LPA last year. 250 recruiters participated in IIM Lucknow placement 2024 and made 634 offers. Consulting firms — Accenture, Deloitte India, Boston Consulting Group (BCG), Pricewaterhouse Coopers (PwC), McKinsey and Company were among the top recruiters in IIM Lucknow final placements 2024.
IIM Indore Placements 2024: Average Salary Dips from Rs 30.21 LPA to Rs 25.68 LPA;
Indian Institute of Management (IIM), Indore has successfully completed 100% Final Placement 2024 for its largest outgoing batch in the institutes 27 years history with 594 students from the two-year Post Graduate Programme (PGP) and five-year Integrated Programme in Management (IPM) received offers from 150+ recruiters. In line with the challenges posed due to unfavourable macroeconomic conditions, IIM Indore Placement 2024 show a dip in salary figures. About 50% of total placements were from Consulting sector (25%), and Management & HR function (25%).
MBA Placements 2023 Trends
MBA Placements 2023 were quite unlike Placements 2024. Here are the key highlights.
- 100% Placements achieved: All top B-schools in India have completed 100% placements with increase in average salary. Placements were completed in January or February 2023 at most B-schools.
- Average Salary varies significantly: Among the top B-schools placements 2023, there is huge deviation in average salary as it goes in the range of Rs.18 LPA to Rs.35 LPA. As such, the average salary of No.1 B-School is almost double to the No. 20 B-school in Placement 2023.
- Wide variance in Percentage Salary Increase: A big placement trend is that while the Average MBA Salary at some of the top B-schools like IIM Lucknow and IIM Indore has registered 10% to 20% rise, the average salary increase in most top B-schools is between 5 to 10% percent.
- New IIMs show big jump in salary: Although New IIMs do not have high average salary base like old IIMs, they have registered higher increase of 21 to 31% in average salary while old IIMs like IIM Calcutta, Kozhikode have registered moderate salary jump.
- Top Roles & Profiles Offered in MBA Placements in India: Top roles offered in MBA placements 2023 are in the areas of Consulting, Analytics, General Management, Product Management, E-Commerce among others.
