IIM Indore Placements 2024: The Reality Behind the ₹1 Crore Headline
Formfees
11/04/2025
(100% Placements But Salaries Dip 15% – What This Means for MBA Aspirants)
The dust has settled on IIM Indore’s 2024 placement season, revealing a tale of two trends: glittering top packages but concerning salary drops. Here’s our no-fluff analysis of what really happened and what it signals for India’s job market.
Key Insight: The “average IIM grad” now earns less than last year, despite the crore-plus outliers.
Contents
The Hard Numbers: Salary Slump Across the Board
| Metric | 2023 | 2024 | Change |
|---|---|---|---|
| Highest Domestic CTC | ₹1.14 Cr | ₹1 Cr | -12.3% |
| Average CTC | ₹30.21 LPA | ₹25.68 LPA | -15% |
| Median CTC | ₹27.2 LPA | ₹24.5 LPA | -9.9% |
Silver Lining: 100% placement for 594 students across PGP/IPM programs.
Where Did the Jobs Go? Sector-wise Breakdown
Top Recruiting Sectors
- Consulting (25%) – Accenture, Deloitte, EY
- General Management (25%) – Adani, Tata Group
- Finance (18%) – HSBC, ICICI Bank
- IT/Analytics (15%) – TCS, EXL
- HR (10%) – SHRM, Mercer
Notable Absentees: Major tech firms like Google, Microsoft stayed away.
The ₹1 Crore Club: Who Made It?
- Only 2 students hit the crore mark
- Roles: Strategy Consulting (MBB equivalent)
- Compared to 5 crore+ offers in 2023
Reality Check: 85% of offers were below ₹30 LPA.
Why the Salary Dip? Industry Experts Weigh In
- Economic Slowdown: Consulting/IT sectors tightening budgets
- Startup Winter: Fewer unicorn hirings vs 2021-22 boom
- Supply-Demand Shift: 40% more IIM seats since 2020
“Companies are paying for potential, not prestige anymore” – HR Head, Fortune 500 firm
Summer Placements 2025: Early Warning Signs?
- Highest Stipend: ₹6.6L (same as 2024)
- Average Stipend: ₹2.25L (down 8% YoY)
- New Recruiters: 40+ (mostly mid-tier firms)
What This Means for MBA Aspirants
- IIM tag still guarantees placement security
- Don’t assume automatic high salaries
- Specialization matters more than ever
Smart Strategy:
- Target consulting/finance for best pay
- Consider operations/HR for job security
- Build hard skills (AI/analytics) to stand out
💡 Alumni Warning
“My ₹25L package sounds great until you deduct the ₹30L education loan EMI” – PGP 2023 Grad
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