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The average package of IIM is between Rs. 16 to 35 lakhs per annum. The average package of IIM varies from one IIM college to another. For the more prestigious IIMs, the average package generally lies on the higher end of the average salary spectrum and vice versa. However, the placement rate of almost all the IIMs has always been 100%. Apart from that the highest package of IIM is 1.46 crores per annum offered at IIM Ahmedabad. The median package of IIM is somewhere around Rs. 25 lakhs per annum. Top companies from all over the world visit IITs every year to recruit the best management students for different job roles.
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The average package of IIM is different according to the specialization of students and the job role they are responsible for. Students at IIMs also get placed internationally. The list of factors that influence the average package of IIM is discussed below.
Specialization: The average package of IIM differs as per the specialization of the program. A few specializations like IT, Operations, Finance, and marketing tend to pay more as compared to HR.
Industry or Sector: The type of industry also plays a vital role in determining the Average package of IIM. Industries like finance, consulting, and IT offer a higher starting salary.
Job Role Offered: The particular job role for which a candidate is hired decides what would be the salary package for it. Management and Analyst roles have a higher salary package.
Performance of the Candidate: The performance of a candidate in the interview or selection rounds decides the Average package of IIM they would be getting upon getting selected for the applied role.
Job Location: An international location generally tends to pay more than a domestic one. Especially getting placed for a role in tier-one countries like the United States, Canada, and Australia can give a substantial boost to one's career.
Condition of Job Market: The underlying job market is crucial for the Average package of IIM. A highly demanding job market would enable candidates with high salary packages and vice versa.
The average package of IIM significantly varies from one IIM to another. The average package of all the IIMs is given in the table below.
IIM | IIM Average Package | IIM Highest Package |
IIM Ahmedabad | Rs. 34.45 LPA | Rs. 1.46 CPA |
Rs. 35.3 LPA | Rs. 1.15 CPA | |
Rs. 35.07 LPA | Rs. 1.15 CPA | |
Rs. 30 LPA | Rs. 65 LPA | |
Rs. 31.02 LPA | Rs. 67.02 LPA | |
Rs. 30.21 LPA | Rs. 1.14 CPA | |
Rs. 26.96 LPA | Rs. 71.3 LPA | |
Rs. 18.73 LPA | Rs. 36 LPA | |
Rs. 35.5 LPA | Rs. 67 LPA | |
Rs. 21.04 LPA | Rs. 43.43 LPA | |
Rs. 20.55 LPA | Rs. 41.61 LPA | |
Rs. 18.1 LPA | Rs. 37 LPA | |
Rs. 20.02 LPA | Rs. 35.04 LPA | |
Rs. 16.74 LPA | Rs. 64 LPA | |
Rs. 16.61 LPA | Rs. 43 LPA | |
Rs. 14.96 LPA | Rs. 48.58 LPA | |
Rs. 16.51 LPA | Rs. 36.25 LPA | |
Rs. 14.45 LPA | Rs. 64.12 LPA | |
Rs. 16.74 LPA | Rs. 64.61 LPA | |
Rs. 47.29 LPA | Rs. 54 LPA | |
Rs. 16.43 LPA | Rs. 64 LPA |
The average package of IIM for different specializations is listed in the table given below.
Specialization | Average Package of IIM (Rs.) |
Finance | 25-35 LPA |
Consulting | 28-35 LPA |
Human Resource | 18-25 LPA |
General Management | 22-30 LPA |
Marketing | 20-30 LPA |
Operations | 18-25 LPA |
The job role that is offered majorly affects the average package of IIM. The average package of IIMs for different job roles is mentioned in the table given below.
Job Role | IIM Average Package (Rs.) |
Investment Banker | 30-40 LPA |
Management Consultant | 28-35 LPA |
Financial Analyst | 25-35 LPA |
Operations Manager | 18-25 LPA |
Marketing Manager | 20-30 LPA |
Product Manager | 22-30 LPA |
General Manager | 22-30 LPA |
Human Resource Manager | 18-25 LPA |
As per the placement reports for the latest batch the IIM Bangalore has the highest average package among all the IIMs. The average package offered at IIM Bangalore was Rs. 35.3 lakhs per annum.
The average salary of IIM is between Rs. 16 to 35 lakhs per annum. The average package of IIM varies from one IIM to another. The median package of IIM is somewhere around Rs. 25 lakhs per annum.
IIM has many foreign companies coming to hire especially for international job roles. Every year many candidates get hired for different foreign placements in IIM. Most of these companies are based out of the tier 1 world countries.
Overall IIM Ahmedabad has the best package. The highest package at IIM Ahmedabad was Rs. 1.46 crores per annum while the average package was Rs. 34.45 lakhs per annum.
Hello,
Here you can get study material for CAT :
https://bschool.careers360.com/download/ebooks/cat-quantitative-aptitude-questions-answers-pdf
Hope it helps !
Hello aspirant,
A timetable is essential if you are preparing for the CAT in addition to your college coursework. It will give you an idea of how long it will take you to finish your syllabus and then set aside the appropriate amount of time for revision and mock exams. Without a set timetable, you risk taking your time and not completing your preparation as thoroughly as is necessary.
Thank you
Hope it helps you.
Hello Nikita,
To get into any of the top IIMs, such as IIM Ahmedabad, Bangalore, Calcutta, Lucknow, Kozhikode, or Indore, a good percentile in CAT is required, although academics play a vital role too. Let's break it down below:
CAT Score: 98+ percentile is an excellent score and makes one competitive.
Academic Scores:
Your 10th score at 84% is quite good.
A 12th score of 65% is on the lower side, which might hamper your chances at some of the top IIMs since they give weightage to past academic performance.
IIM Selection Criteria:
Every IIM has its own weightage for the scores of academics, CAT percentile, work experience, if any, and diversity.
For example, IIM Ahmedabad requires consistent academic records, while IIM Bangalore puts the strongest focus on work experience and diversified profiles.
Graduation: You are currently pursuing graduation, and your performance during that will also be considered in the shortlisting process.
While your CAT score is going to be the major pointer, your academic record-doing in class 12-is going to affect your prospects a bit at IIMs that place significant emphasis on your past performance. Still, you will have a healthy shot, at least at institutes like Lucknow, Kozhikode, and Indore, where a good score in CAT may offset lower marks in academics.
If you have diverse profiled extracurricular activities, leadership roles etc, or work experience, then it can build up your application further.
Hello!
Prep for CAT 2024: Application Pattern
Syllabus: Focus on those areas that fall under the syllabus; for instance, Quantitative Aptitude, Verbal Ability & Reading Comprehension, and Data Interpretation & Logical Reasoning.
Books: Stick to standard books from renowned authors, say, Arun Sharma for Quant, Norman Lewis in vocabulary, and some mock tests available from TIME, IMS, or Career Launcher.
Mock Tests: Take mocks and study the mistakes made.
Time management: F ocus on speed and accuracy.
If you need a more structured approach, consider a coaching institute.
Start early and become a regular.
Wishing you the best! thankyou!
Hello,
While starting your CAT preparation late can be challenging, it's still possible to achieve a good score with focused effort. Prioritize understanding the exam pattern, and focus on key areas like Quantitative Ability, Data Interpretation, Logical Reasoning, and Verbal Ability.
Create a structured study plan, practice regularly with mock tests, and review your performance to identify weaknesses. Use quality study materials and consider joining a coaching class if time permits. Stay consistent and motivated, and remember that dedicated effort in the coming weeks can lead to positive results.
You can refer to the following article for help :
https://bschool.careers360.com/articles/last-minute-preparation-strategy-for-cat
Good luck!
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