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 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Unfortunately, this data does not exist in one place and is often outdated.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 Name	MBA Average Placements 2023	MBA Average Placements 2022
Indian Institute of Management Ahmedabad	INR 34.36 LPA	INR 32.79 LPA
Indian Institute of Management Bangalore	INR 35.3 LPA	INR 33.8 LPA
Indian Institute of Management Calcutta	INR 35.07 LPA	INR 34.2 LPA
Indian Institute of Management Lucknow	INR 32.2 LPA	INR 31.03 LPA
Indian Institute of Technology Madras	INR 20.19 LPA	INR 16.66 LPA
Indian Institute of Technology, Bombay	INR 30.35 LPA	INR 29.80 LPA
Indian Institute of Technology, Kharagpur	INR 22.13 LPA	INR 19.36 LPA
Indian Institute of Management Rohtak	INR 18.73 LPA	INR 16.06 LPA
Indian Institute of Technology, Roorkee	INR 18.34 LPA	INR 16.80 LPA
S. P. Jain Institute of Management & Research	INR 33.02 LPA	INR 32.06 LPA
Indian Institute of Technology, Delhi	INR 25.82 LPA	INR 21.90 LPA
Indian Institute of Management Kozhikode	INR 31.02 LPA	INR 31.02 LPA
Indian Institute of Management Indore	INR 30.21 LPA	INR 25.01 LPA
XLRI - Xavier School of Management	INR 32.7 LPA	INR 32.7 LPA
National Institute of Industrial Engineering (IIM), Mumbai	INR 27.75 LPA	INR. 25.4 LPA
Management Development Institute	INR 60 LPA	INR 26.65 LPA
Indian Institute of Management Raipur	INR 21.04 LPA	INR 17.73 LPA
Indian Institute of Management Ranchi	INR 17.3 LPA	INR 16.17 LPA
Symbiosis Institute of Business Management	INR 26.77 LPA	INR 26.77 LPA
Indian Institute of Management Tiruchirappalli	INR 20.55 LPA	INR 17.01 LPA
Indian Institute of Technology Kanpur	INR 45 LPA	INR 16.61 LPA
Indian Institute of Management Udaipur	INR 20.09 LPA	INR 17.82 LPA
Indian Institute of Management Kashipur	INR 18.11 LPA	INR 15.21 LPA
Indian Institute of Foreign Trade	INR 29.1 LPA	INR 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 Salary	Highest Salary 2023
FMS Delhi Placements	Rs.1.23 Crore
IIM Indore Placements	Rs.1.14 Crore
SPJIMR Mumbai Placements	Rs.77.80 LPA
IIFT Delhi & Kolkata Placements	Rs.75.60 LPA
XIM Bhubaneswar Placements	Rs.71.50 LPA
IIM Shillong Placements	Rs.71.30 LPA
IIM Raipur Placements	Rs.67.60 LPA
IIM Kozhikode Placements	Rs.67.02 LPA
MDI Gurgaon Placements	Rs.60.00 LPA
IIM Lucknow Placements	Rs.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 College	Highest CTC Offered	Average CTC Offered
Lovely Professional University, Phagwara	INR 64 LPA	INR 8.5 LPA
Alliance Ascent College, Bengaluru	INR 60.1 LPA	-
Brainware University, Kolkata	INR 36 LPA	INR 3.5 LPA
SRM University Delhi NCR, Sonipat	INR 35 LPA	INR 6 LPA
ABBS School of Management, Bengaluru	INR 13.85 LPA	INR 7.5 LPA
Hindustan College of Science and Technology, Mathura	INR 12 LPA	INR 4.72 LPA
Institute of Management Development and Research, Pune	INR 10 LPA	INR 5.43 LPA
NSHM Knowledge Campus, Kolkata	INR 10 LPA	INR 4.64 LPA
SHEAT Group of Institutions, Varanasi	INR 10 LPA	INR 3.5 LPA
Annex College of Management Studies, Kolkata	INR 7.8 LPA	INR 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 College	Highest CTC Offered	Average CTC Offered
Faculty of Management Studies (FMS), University of Delhi, Delhi	INR 123 LPA	INR 37.7 LPA
IIM Indore	INR 114 LPA	INR 30.21 LPA
IIM Ahmedabad	INR 115 LPA	INR 34.36 LPA
IIM Calcutta	INR 115 LPA	INR 34 LPA
XLRI Jamshedpur	INR 78.2 LPA	INR 32.7 LPA
Indian Institute of Foreign Trade, Delhi	INR 76.5 LPA	INR 29.1 LPA
XIMB Bhubaneswar	INR 71.51 LPA	INR 20.03 LPA
IIM Shillong	INR 71.30 LPA	INR 26.96 LPA
NMIMS Mumbai	INR 67.80 LPA	INR 26.63 LPA
IIM Raipur	INR 67.60 LPA	INR 21.04 LPA
SP Jain Institute of Management and Research, Mumbai	INR 67.50 LPA	INR 33.02 LPA
IIM Kozhikode	INR 67.02 LPA	INR 31.02 LPA
IIM Ranchi	INR 67.00 LPA	INR 17.30 LPA
IMT Ghaziabad	INR 65.50 LPA	INR 17.35 LPA
IIM Sambalpur	INR 64.61 LPA	INR 16.63 LPA
IIM Sirmaur	INR 64.12 LPA	INR 14.45 LPA
IIM Nagpur	INR 64.00 LPA	INR 16.74 LPA
Management Development Institute, Gurgaon	INR 60 LPA	INR 32.39 LPA
IIM Jammu	INR 64 LPA	INR 16.50 LPA
IIM Bangalore	NA	INR 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 College	Average Salary 2022	Average Salary 2023
1	BITSoM Mumbai	--	Rs. 23.85 LPA
2	SCMHRD Pune	Rs. 20.40 LPA	Rs. 23.83 LPA
3	IIM Raipur	Rs. 17.73 LPA	Rs. 21.04 LPA
4	IIM Tiruchirappalli	Rs. 17.00 LPA	Rs. 20.55 LPA
5	IIM Udaipur	Rs. 17.80 LPA	Rs. 20.32 LPA
6	DoMS-IIT Madras	Rs. 16.66 LPA	Rs. 20.19 LPA
7	XIM Bhubaneswar	Rs. 17.54 LPA	Rs. 20.03 LPA
8	MICA Ahmedabad	Rs. 19.01 LPA	Rs. 20.09 LPA
9	IIM Rohtak	Rs. 16.06 LPA	Rs. 18.73 LPA
10	IIM Kashipur	Rs. 15.21 LPA	Rs. 18.11 LPA
11	IMT Ghaziabad	Rs. 15.28 LPA	Rs. 17.35 LPA
12	IIM Ranchi	Rs. 16.17 LPA	Rs. 17.30 LPA
13	IMI New Delhi	Rs. 15.23 LPA	Rs. 17.01 LPA
14	IIM Nagpur	Rs. 14.94 LPA	Rs. 16.74 LPA
15	IIM Amritsar	Rs. 14.63 LPA	Rs. 16.51 LPA
16	IIM Sambalpur	Rs. 12.64 LPA	Rs. 16.64 LPA
17	IIM Jammu	Rs. 13.53 LPA	Rs. 16.43 LPA
18	IIM Bodh Gaya	Rs.12.36 LPA	Rs. 16.00 LPA
19	IRMA Anand	Rs.14.33 LPA	Rs. 15.50 LPA
20	IIM Visakhapatnam	Rs.14.60 LPA	Rs. 15.47 LPA
21	TAPMI Manipal	Rs.12.60 LPA	Rs. 14.60 LPA
22	FORE New Delhi	Rs.14.04 LPA	Rs. 14.50 LPA
23	Great Lakes Chennai	Rs.12.50 LPA	Rs. 14.50 LPA
24	IIM Sirmaur	Rs.12.74 LPA	Rs.14.45 LPA
25	SDA Bocconi Asia Center, Mumbai	Rs.13.74 LPA	Rs. 14.30 LPA
26	GIM Goa	Rs.12.14 LPA	Rs. 14.87 LPA
27	LBSIM New Delhi	Rs.11.30 LPA	Rs. 12.42 LPA
28	K J Somaiya Institute of Management, Mumbai	Rs.10.67 LPA	Rs. 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:

Particulars	MBA Placement Statistics (2023)
Highest package	INR 41.13 LPA
Average package	INR 25.82 LPA
Median package	INR 24.45 LPA
Placement rate	100%

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 Name	Average Package (2023)	Highest Package (2023)
DOMS IIT Roorkee	INR 18.34 LPA	INR 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:

Particulars	MBA Statistics (2023)
Overall average package	INR 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:

Particulars	Placement Statistics (2022)
Median package	INR 8.50 LPA
Total students	482
Total students placed	445

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 Wise	Top 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