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MBA Placements 2024 Placement Report, Average & Highest Package
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MBA Placements 2024: Placement Report, Average & Highest Package

MBA Placement 2024 drives are one of the most important factors a student must consider before applying for Master’s of Business Administration (MBA) degrees to enhance career prospects in the future while gaining business knowledge. With the Best MBA College in India According to Placements, you can embark on a life-changing journey of academic excellence […]

 Vivek Kumar
 Vivek Kumar 14/11/2023
14/11/2023
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MBA Placement 2024 drives are one of the most important factors a student must consider before applying for Master's of Business Administration (MBA) degrees to enhance career prospects in the future while gaining business knowledge. With the Best MBA College in India According to Placements, you can embark on a life-changing journey of academic excellence and professional success. 

There is no doubt that MBA Placements determine the popularity and ranking of a business school! As a result, when taking final admission decisions, MBA aspirants research MBA Placements trends.

Unfortunately, this data does not exist in one place and is often outdated. To resolve this issue, Formfees.com has prepared the Best MBA College in India According to Placements: MBA Placements Report 2023-24 with the latest details from all top B-Schools in India. This report includes the latest data from 21 IIMs, FMS Delhi, IITs, XLRI, SPJIMR, MDI, IIFT, JBIMS, MICA and other Top B schools with Best Placements in India.

From the highest placement MBA colleges in India to the average MBA package, this article will provide all the information you need.

MBA Placements 2023-24 Summary: 

  • MBA Placement drives are one of the most vital parameters an MBA aspirant looks for before taking admission. 
  • IIMs has maintained a 100% placement record in 2023, where the IIM Bangalore students received 662 placement offers | IIM Calcutta students received 640 placement offers | IIM Kozhikode students received 571 placement offers.  
  • During the 2023 MBA Placement drive, placement offers were made from the top recruiting sectors like Consulting, Business Analytics, General Management etc. 

All the IIMs have concluded their MBA Placements 2023 drive with 100% placed students in the Top Companies. MBA Placements 2023-24 will show that there has been an improvement in the MBA Placements opportunities by comparing the MBA Average Placements 2022 with the MBA Average Placements 2023

MBA Placements 2023 Placement Report it was recorded that the highest salary offered in the previous year stood at $ 1,50,297 by The IIM Ahmedabad. Whereas MDI Gurgaon had the second highest salary of INR 1.14 CPA and 3rd was IIM Indore bagged the third highest salary of INR 70 LPA. 

College NameMBA Average Placements 2023MBA Average Placements 2022
Indian Institute of Management AhmedabadINR 34.36 LPAINR 32.79 LPA
Indian Institute of Management BangaloreINR 35.3 LPAINR 33.8 LPA
Indian Institute of Management CalcuttaINR 35.07 LPAINR 34.2 LPA
Indian Institute of Management LucknowINR 32.2 LPAINR 31.03 LPA
Indian Institute of Technology MadrasINR 20.19 LPAINR 16.66 LPA
Indian Institute of Technology, BombayINR 30.35 LPAINR 29.80 LPA
Indian Institute of Technology, KharagpurINR 22.13 LPAINR 19.36 LPA
Indian Institute of Management RohtakINR 18.73 LPAINR 16.06 LPA
Indian Institute of Technology, RoorkeeINR 18.34 LPAINR 16.80 LPA
S. P. Jain Institute of Management & ResearchINR 33.02 LPAINR 32.06 LPA
Indian Institute of Technology, DelhiINR 25.82 LPA INR 21.90 LPA
Indian Institute of Management KozhikodeINR 31.02 LPAINR 31.02 LPA
Indian Institute of Management IndoreINR 30.21 LPAINR 25.01 LPA
XLRI - Xavier School of ManagementINR 32.7 LPAINR 32.7 LPA
National Institute of Industrial Engineering (IIM), MumbaiINR 27.75 LPAINR. 25.4 LPA
Management Development InstituteINR 60 LPAINR 26.65 LPA
Indian Institute of Management RaipurINR 21.04 LPAINR 17.73 LPA
Indian Institute of Management RanchiINR 17.3 LPAINR 16.17 LPA
Symbiosis Institute of Business ManagementINR 26.77 LPAINR 26.77 LPA
Indian Institute of Management TiruchirappalliINR 20.55 LPAINR 17.01 LPA
Indian Institute of Technology KanpurINR 45 LPAINR 16.61 LPA
Indian Institute of Management UdaipurINR 20.09 LPAINR 17.82 LPA
Indian Institute of Management KashipurINR 18.11 LPAINR 15.21 LPA
Indian Institute of Foreign TradeINR 29.1 LPAINR 25.16 LPA

Highest Placement MBA Colleges in India

Top Highest placement MBA colleges in India 2023 are as below. Please note that it is not ranked in any order.  

Check the list of Highest placement MBA colleges in India in 2023.

Top MBA College by Highest SalaryHighest Salary 2023
FMS Delhi PlacementsRs.1.23 Crore
IIM Indore PlacementsRs.1.14 Crore
SPJIMR Mumbai PlacementsRs.77.80 LPA
IIFT Delhi & Kolkata PlacementsRs.75.60 LPA
XIM Bhubaneswar PlacementsRs.71.50 LPA
IIM Shillong PlacementsRs.71.30 LPA
IIM Raipur PlacementsRs.67.60 LPA
IIM Kozhikode PlacementsRs.67.02 LPA
MDI Gurgaon PlacementsRs.60.00 LPA
IIM Lucknow PlacementsRs.58.00 LPA

Top 10 MBA Colleges in India Placement-Wise

Apart from the MBA colleges mentioned above there are many other MBA Colleges in India placement-wise that are listed so candidates must check out when applying for MBA admission. 

The top 10 MBA Colleges in India placement-wise Includes, Lovely Professional University, Phagwara, Alliance Ascent College, Bengaluru, Brainware University, Kolkata

The listed MBA Placements are going to help you diversify your choices and along with that the list will help you understand the different types of requirements that need to be fulfilled in order to pursue higher education in the field of management. 

That being said, check out the list of the Top 10 MBA Colleges in India placement-wise mentioned in the table below:

Name of the CollegeHighest CTC OfferedAverage CTC Offered
Lovely Professional University, PhagwaraINR 64 LPAINR 8.5 LPA
Alliance Ascent College, BengaluruINR 60.1 LPA-
Brainware University, KolkataINR 36 LPAINR 3.5 LPA
SRM University Delhi NCR, SonipatINR 35 LPAINR 6 LPA
ABBS School of Management, BengaluruINR 13.85 LPAINR 7.5 LPA
Hindustan College of Science and Technology, MathuraINR 12 LPAINR 4.72 LPA
Institute of Management Development and Research, PuneINR 10 LPAINR 5.43 LPA
NSHM Knowledge Campus, KolkataINR 10 LPAINR 4.64 LPA
SHEAT Group of Institutions, VaranasiINR 10 LPAINR 3.5 LPA
Annex College of Management Studies, KolkataINR 7.8 LPAINR 3.69 LPA

The institute's name is extremely important in the MBA Placement drive because it all depends on the Companies hiring students from institutes that have constantly been delivering excellence in the academic as well as research sectors. Their objective is to recruit students who have high adaptability and potential to help the organization flourish.

Top 20 MBA Colleges in India Placement Wise 2023

There are numerous MBA colleges in India that offer lucrative placement opportunities to MBA students after the completion of their degree program. The placement opportunities provided by an institute are one of its most distinctive features and enable aspiring students to distinguish between good and sub-standard colleges when preparing for MBA admissions. 

Since these MBA Placements opportunities are the primary factor through which we can have a great Return on Investment that aspirants will receive after applying for admission. The MBA Placements 2023-24 is a parameter that must be taken into consideration before selecting an MBA college. 

That being said, we have mentioned the Top 20 MBA Colleges in India Placement-Wise 2023 in the table below:

Name of the CollegeHighest CTC OfferedAverage CTC Offered
Faculty of Management Studies (FMS), University of Delhi, DelhiINR 123 LPAINR 37.7 LPA
IIM IndoreINR 114 LPAINR 30.21 LPA
IIM AhmedabadINR 115 LPAINR 34.36 LPA
IIM CalcuttaINR 115 LPAINR 34 LPA
XLRI JamshedpurINR 78.2 LPAINR 32.7 LPA
Indian Institute of Foreign Trade, DelhiINR 76.5 LPAINR 29.1 LPA
XIMB BhubaneswarINR 71.51 LPAINR 20.03 LPA
IIM ShillongINR 71.30 LPAINR 26.96 LPA
NMIMS MumbaiINR 67.80 LPAINR 26.63 LPA
IIM RaipurINR 67.60 LPAINR 21.04 LPA
SP Jain Institute of Management and Research, MumbaiINR 67.50 LPAINR 33.02 LPA
IIM KozhikodeINR 67.02 LPAINR 31.02 LPA
IIM RanchiINR 67.00 LPAINR 17.30 LPA
IMT GhaziabadINR 65.50 LPAINR 17.35 LPA
IIM SambalpurINR 64.61 LPAINR 16.63 LPA
IIM SirmaurINR 64.12 LPAINR 14.45 LPA
IIM NagpurINR 64.00 LPAINR 16.74 LPA
Management Development Institute, GurgaonINR 60 LPAINR 32.39 LPA
IIM JammuINR 64 LPAINR 16.50 LPA
IIM BangaloreNAINR 35.31 LPA

Top 30 MBA Colleges in India Placement Wise 2023


Top MBA colleges
ranked as per the Average MBA Package in India as contained in the MBA Placement Report 2023 are as below:

Top 30 MBA Colleges in India placement wise by Average Salary in Placement 2023

S.NO.MBA CollegeAverage Salary 2022Average Salary 2023
1BITSoM Mumbai--Rs. 23.85 LPA
2SCMHRD PuneRs. 20.40 LPARs. 23.83 LPA
3IIM RaipurRs. 17.73 LPARs. 21.04 LPA
4IIM TiruchirappalliRs. 17.00 LPARs. 20.55 LPA
5IIM UdaipurRs. 17.80 LPARs. 20.32 LPA
6DoMS-IIT MadrasRs. 16.66 LPARs. 20.19 LPA
7XIM BhubaneswarRs. 17.54 LPARs. 20.03 LPA
8MICA AhmedabadRs. 19.01 LPARs. 20.09 LPA
9IIM RohtakRs. 16.06 LPARs. 18.73 LPA
10IIM KashipurRs. 15.21 LPARs. 18.11 LPA
11IMT GhaziabadRs. 15.28 LPARs. 17.35 LPA
12IIM RanchiRs. 16.17 LPARs. 17.30 LPA
13IMI New DelhiRs. 15.23 LPARs. 17.01 LPA
14IIM NagpurRs. 14.94 LPARs. 16.74 LPA
15IIM AmritsarRs. 14.63 LPARs. 16.51 LPA
16IIM SambalpurRs. 12.64 LPARs. 16.64 LPA
17IIM JammuRs. 13.53 LPARs. 16.43 LPA
18IIM Bodh GayaRs.12.36 LPARs. 16.00 LPA
19IRMA AnandRs.14.33 LPARs. 15.50 LPA
20IIM VisakhapatnamRs.14.60 LPARs. 15.47 LPA
21TAPMI ManipalRs.12.60 LPARs. 14.60 LPA
22FORE New DelhiRs.14.04 LPARs. 14.50 LPA
23Great Lakes ChennaiRs.12.50 LPARs. 14.50 LPA
24IIM SirmaurRs.12.74 LPARs.14.45 LPA
25SDA Bocconi Asia Center, MumbaiRs.13.74 LPARs. 14.30 LPA
26GIM GoaRs.12.14 LPARs. 14.87 LPA
27LBSIM New DelhiRs.11.30 LPARs. 12.42 LPA
28K J Somaiya Institute of Management, MumbaiRs.10.67 LPARs. 12.23 LPA

Other MBA Placements 2023

Christ University MBA Placements 

Christ University MBA placements was a success as in their MBA Placement 2022 Drive 674 students from different courses were already placed till October 2021. According to the report, MBA Placement 2022 highest CTC package offered was INR 20 LPA which was offered by Morphle Labs. 

IIT Delhi MBA Placements 

MBA Placements at DMS IIT Delhi was reported as the highest and average package offered during DMS IIT Delhi MBA placements 2023 stood at INR 41.13 LPA and INR 25.82 LPA, respectively.

MBA Placements highlights of DMS IIT Delhi MBA placements 2023 as compared with 2022 are presented below:

ParticularsMBA Placement Statistics (2023)
Highest packageINR 41.13 LPA
Average packageINR 25.82 LPA
Median packageINR 24.45 LPA
Placement rate100%

IIT Kanpur MBA Placements 

The IIT Kanpur MBA placement 2023 recorded the highest CTC at INR 24 LPA, an average CTC of INR 18.14 LPA, and a median CTC of INR 17.25 LPA. The MBA class of 2022-2024 also witnessed a successful Summer Placements season, with several prominent new recruiters.

IIT Roorkee MBA Placements

IIT Roorkee MBA placements 2023 had a huge success as the new recruiters and prominent legacy partners stepped in for the MBA placement — the highest package offered was INR 27.94 LPA and IIT Roorkee MBA average package stood at INR 18.34 LPA. 

Additionally, the median package and lowest package offered were INR 18.09 LPA and INR 11.60 LPA, respectively.

Take a look at how other IITs Department of Management Studies performed along with the DOMS IIT Roorkee during MBA Placements 2023:

IIT NameAverage Package (2023)Highest Package (2023)
DOMS IIT RoorkeeINR 18.34 LPAINR 27.94 LPA

IIT Bombay MBA Placements 

Placement recorded during SJMSOM IIT Bombay MBA placements 2023 was 100%. The highest package and average package offered during SJMSOM IIT Bombay MBA placements 2023 stood at INR 54 LPA and INR 28.88 LPA, respectively. 

SJMSOM IIT Bombay Average Package 2023: an average package of INR 31.41 LPA during IIT Bombay MBA placements 2023. 

The average package offered during SJMSOM IIT Bombay MBA placements 2023 is presented below:

ParticularsMBA Statistics (2023)
Overall average packageINR 28.88 LPA
Average package (female students)INR 29.35 LPA

LPU MBA Placement 

According to the data available as per the official website, the students of BBA and MBA courses have grabbed salary packages of INR 8 LPA and INR 7 LPA, respectively. 

According to LPU Management NIRF report 2023, the median package offered during LPU MBA placements 2022 was INR 8.50 LPA. 

The key highlights of LPU MBA placement 2022 are tabulated below:

ParticularsPlacement Statistics (2022)
Median packageINR 8.50 LPA
Total students482
Total students placed445

NMIMS MBA Placements 

NMIMS MBA placements have been released for the School of Business Management only. As per the final report, the highest package offered to MBA Core and MBA HR students during the 2023 NMIMS placement drive was INR 67.80 LPA and INR 25.95 LPA, respectively. 

And the NMIMS Mumbai for School of Business Management average placement package offered to MBA Core and MBA HR students stood at INR 26.63 LPA and INR 19.56 LPA, respectively.  

Galgotias University MBA Placement 

Galgotias university MBA placements released for the batch 2023 although the courses wise placement yet to be released, below you can still check the Galgotias university MBA placements (overall statistics) - Highest Placement package and Average Placement package offered during Galgotias University placements 2023 were INR 1.50 crore per annum and INR 5.40 LPA, respectively. More than 8,500 job offers were received, including 32% multiple offers. 

Candidates must also check out the articles mentioned below to know more about MBA admission in India!

Top MBA Colleges in India Placement WiseTop 50 B Schools in India for MBA, Fees, NIRF Rankings
Top Tier 1, Tier 2 and Tier 3 MBA Colleges in India Courses, Cutoff, Fees
Top MBA Colleges Accepting CAT Score: Location-Wise

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