Salary Outcomes for IIM Placements: Analysis and Insights

As of August 2023, the specific data on the lowest and highest salaries offered at the Indian Institutes of Management (IIM) placements for the year 2024 has not been released. However, historical data provides valuable insights into the salary ranges that IIM graduates can expect. This article will explore the latest placement reports from the IIMs, offering a comprehensive understanding of the salary outcomes for the past few years.

Historical Salary Trends at IIMs

The placement reports from various IIMs in recent years reveal a diverse range of salary outcomes. Here is a breakdown of the highest, average, and median salaries from IIM Ahmedabad, IIM Bangalore, IIM Calcutta, IIM Kozhikode, IIM Indore, and IIM Lucknow for the years 2017-2019.

IIM Ahmedabad (2017-2019)

- Highest International Salary: INR 117,631 per annum

- Highest Domestic Salary: INR 70.00 LPA (lakhs per annum)

- Average Domestic Salary: INR 25.83 LPA

IIM Bangalore (2017-2019)

- Average International Salary: INR 32.10 LPA

- Average Domestic Salary: INR 26.18 LPA

IIM Calcutta (2018-2020)

- Average TOP 5 Domestic Salary: INR 65.9 LPA

- Average Domestic Salary: INR 27.9 LPA

IIM Kozhikode (2018-2020)

- Highest Domestic Salary: INR 58.00 LPA

- Average Domestic Salary: INR 23.08 LPA

IIM Indore (2017-2019)

- Highest International Salary: INR 89.25 LPA

- Highest Domestic Salary: INR 40.5 LPA

- Average Domestic Salary: INR 20.97 LPA

IIM Lucknow (2018-2020)

- Highest International Salary: INR 58.47 LPA

- Highest Domestic Salary: INR 54.00 LPA

- Average Domestic Salary: INR 24.25 LPA

More Detailed Placement Statistics

For more detailed information, the latest placement reports from IIMs provide specific figures for domestic and international salaries:

IIM Ahmedabad (2017-2019)

- Domestic:

Minimum: INR 900,000

Maximum: INR 5,300,000

Median: INR 2,200,000

Mean: INR 2,257,815

- International:

Minimum: INR 294,480

Maximum: INR 1,272,750

Median: INR 653,510

Mean: INR 681,040

IIM Bangalore (2017-2019)

- Domestic (PGP):

Median: INR 21,000,000

Average: INR 21,420,000

- Overseas (PGP):

Median: INR 46,000,000

Average: INR 52,130,000

IIM Calcutta (2018-2020)

- Domestic:

Highest: Approx INR 70,000,000

Highest International: Approx INR 130,000 (annum)

Median: INR 20,000,000

- International:

Highest: Approx INR 130,000 (annum)

Median: INR 20,763,830

Source: Respective college websites and placement reports

These reports help to understand the diverse career trajectories and salary outcomes for IIM graduates, offering a glimpse into the financial potential of pursuing advanced business education in India. For the latest and most accurate data, it is advisable to consult the official websites of the respective IIMs or reliable news sources covering business education in India.

By recognizing these different salary ranges, potential and current students can better prepare themselves for the job market and plan their career paths accordingly. Understanding the salary outcomes can also help in evaluating the overall return on investment for pursuing an IIM degree.