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    Baby IIM Salary 2026: Is the IIM Tag Still Enough? 6 of 9 IIMs Report Lower Salaries While BLACKI Grows

    Baby IIM Salary 2026: Is the IIM Tag Still Enough? 6 of 9 IIMs Report Lower Salaries While BLACKI Grows

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    Suvam MaitiUpdated on 16 Jul 2026, 12:52 AM IST
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    The three letters-IIM-have long been synonymous with premium IIM placements, lucrative IIM salary packages and unmatched career opportunities. However, the latest IIM placement data suggests that the IIM tag alone may no longer guarantee high salary packages, especially among the newer or Baby IIMs. The latest Baby IIM placement data raises some uncomfortable questions. While the BLACKI IIM median salary rose round 3.67% , most of the Baby IIMs moved in the opposite direction. According to the placement data for the 2023-25 MBA batch, the average Baby IIM median salary declined by 6.57% compared to the 2021-23 and 2022-24 batches. While premier IIMs (BLACKI) recorded a 3.76% increase in median salary, six out of the nine Baby IIMs reported lower median salaries. The sharpest declines were witnessed by IIM Bodh Gaya (-21.81%), IIM Amritsar (-19.07%), and IIM Kashipur (-15.93%).
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    This Story also Contains

    1. Baby IIM Salary 2026: Highlights
    2. Baby IIM Median Salary Declines 6.57%; 6 out of 9 IIMs Witness a Drop
    3. Baby IIM CTC: IIM Bodh Gaya, Amritsar and Kashipur Record the Sharpest Salary Declines
    4. Baby IIM Salary 2026: IIM Sirmaur Emerges as the Bright Spot with 12.61% Salary Growth
    5. Baby IIMs ROI 2023-2025
    Baby IIM Salary 2026: Is the IIM Tag Still Enough? 6 of 9 IIMs Report Lower Salaries While BLACKI Grows
    Baby IIM Salary 2026: Is the IIM Tag Still Enough? 6 of 9 IIMs Report Lower Salaries While BLACKI Continues to Grow

    Baby IIM Salary 2026: Highlights

    • Average median salary declined to Rs.14.94 LPA, down 6.57% from Rs.15.99 LPA.
    • 6 out of 9 Baby IIMs reported lower median salaries.
    • IIM Bodh Gaya witnessed the biggest decline (-21.81%).
    • IIM Amritsar median salary fell by 19.07%.
    • IIM Kashipur median salary declined by 15.93%.
    • IIM Sirmaur posted the highest growth (+12.61%).
    • IIM Trichy recorded the highest median salary among Baby IIMs at Rs.18 LPA.
    • IIM Bodh Gaya had the lowest median salary at Rs.12.12 LPA.

    Baby IIM Median Salary Declines 6.57%; 6 out of 9 IIMs Witness a Drop

    Baby IIMs salary paints a concerning picture. An analysis of NIRF placement data shows that the average median salary declined by 6.57% between the 2021-23 and 2023-25 MBA batches, with six of the nine Baby IIMs reporting lower median pay. The sharpest decline was recorded by IIM Bodh Gaya, where the median CTC dropped by 21.81%, followed by IIM Amritsar (-19.07%) and IIM Kashipur (-15.93%).

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    The overall decline would have been even steeper had it not been for IIM Sirmaur, which emerged as a notable exception by recording a 12.61% increase in median salary. Despite the slowdown, IIM Trichy continues to lead the Baby IIMs with the highest median salary of Rs. 18 LPA, while IIM Bodh Gaya reported the lowest at Rs. 12.12 LPA, highlighting the growing disparity in placement outcomes within the Baby IIMs.

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    Baby IIMs Median Salary

    2023-25 (Rs.)

    2022-24 (Rs.)

    2021-23 (Rs.)

    Baby IIMs Median Salary Growth or Decrease %

    IIM Vizag

    15.00

    15.50

    16.00

    - 6.25%

    IIM Nagpur

    17.03

    16.00

    16.85

    +1.07%

    IIM Bodh Gaya median CTC

    12.12

    13.00

    15.50

    -21.81 %

    IIM Sambalpur

    15.02

    13.15

    16.00

    -6.13%

    IIM Sirmaur

    14.20

    12.98

    12.61

    +12.61%

    IIM Amritsar median CTC

    12.90

    15.60

    15.94

    -19.07%

    IIM Jammu

    15.80

    15.00

    15.25

    +3.61%

    IIM Kashipur median CTC

    14.46

    15.03

    17.20

    -15.93%

    IIM Trichy median CTC

    18.00

    18.10

    18.60

    -3.23%

    Baby IIM Average Median Salary

    14.94

    14.92

    15.99

    -6.57%

    *Figures in LPA

    Read More: Old IIMs vs New IIMs vs Baby IIMs

    Baby IIM CTC: IIM Bodh Gaya, Amritsar and Kashipur Record the Sharpest Salary Declines

    Out of the nine Baby IIMs, six baby IIMs reported lower median salaries for the 2023-25 batch compared to 2021-23 and 2022-24 batches. Overall these Baby IIMs witnessed a decrease of 11.85% in the IIM median salaries as it went down from the Rs. 16.54 LPA to Rs. 14.58 LPA. IIM Bodhgaya median CTC took the highest hit, which went down by 21.81%, followed by IIM Amritsar median salary which decreased by 19.07% and IIM Kashipur whose median salary plunged by around 15%.

    Baby IIMs Median Salary 2026

    2023-25 (Rs.)

    2022-24 (Rs.)

    2021-23 (Rs.)

    %

    IIM Vizag median salary

    15.00

    15.50

    16.00

    - 6.25%

    IIM Bodh Gaya median salary

    12.12

    13.00

    15.50

    -21.81 %

    IIM Sambalpur median Salary

    15.02

    13.15

    16.00

    -6.13%

    IIM Amritsar median salary

    12.90

    15.60

    15.94

    -19.07%

    IIM Kashipur median salary

    14.46

    15.03

    17.20

    -15.93%

    IIM Trichy median salary

    18.00

    18.10

    18.60

    -3.23%

    Baby IIM Average Median Salary

    14.58

    15.06

    16.54

    -11.85%

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    *Figures in LPA

    Baby IIM Salary 2026: IIM Sirmaur Emerges as the Bright Spot with 12.61% Salary Growth

    While most of the baby IIMs have witnessed the downfall in the IIM Median CTC, IIM Sirmaur is one of those few IIMs whose median salary witnessed the upward trends among the baby IIMs. Compared to 2021-23 and 2022-24, IIM Simraur median salary increased by 12.61% reaching to Rs 14.20 LPA. The other two Baby IIMs whose median salary increased within the said period was IIM Nagpur and IIM Jammu.

    Baby IIMs Median Salary 2026

    2023-25 (Rs.)

    2022-24 (Rs.)

    2021-23 (Rs.)

    %

    IIM Nagpur median salary

    17.03

    16.00

    16.85

    +1.07%

    IIM Sirmaur median salary

    14.20

    12.98

    12.61

    +12.61%

    IIM Jammu median salary

    15.80

    15.00

    15.25

    +3.61%

    Baby IIM Average Median Salary

    15.67

    14.66

    14.90

    +5.17%

    *Figures in LPA

    Baby IIMs ROI 2023-2025

    Baby IIMs ROI ranged between 0.71x to 1.15x. Out of all the baby IIMs, IIM Sambalpur has a highest ROI of 1.15x. In contrast, IIM Bodh Gaya recorded the lowest ROI (0.71x), reflecting both a lower median salary and relatively higher programme cost.

    Baby IIMs 2026

    Baby IIMs Fees 2023-25 (Rs.)

    Median Salaries
    2023-25 (Rs.)*

    ROI

    IIM Vizag

    18.25 Lakhs

    15.00

    0.82x

    IIM Amritsar

    17.30 Lakhs

    12.90

    0.75x

    IIM Bodh Gaya

    17.00 Lakhs

    12.12

    0.71x

    IIM Sambalpur

    13.08 Lakhs

    15.02

    1.15x

    IIM Kashipur

    17.30 Lakhs

    14.46

    0.84x

    IIM Sirmaur

    16.00 Lakhs

    14.20

    0.89x

    IIM Jammu

    19.50 Lakhs

    15.80

    0.81x

    IIM Trichy

    19.50 Lakhs

    18.00

    0.92x

    IIM Nagpur

    17.30 Lakhs

    17.03

    0.98x

    *Figures in LPA

    For years, the IIM tag has been viewed as a near-guaranteed pathway to a high-paying career. But the latest placement numbers from the Baby IIMs suggest that the equation is becoming more complex. If six out of nine newer IIMs are witnessing a decline in median salaries despite charging Rs. 15–20 lakh for an MBA, aspirants need to ask a difficult question: Is getting into any IIM enough, or does the top ones matter more than ever? For students investing two years, significant fees, and an opportunity cost, the real decision may no longer be “IIM vs non-IIM” but “which IIM offers the best placement quality, recruiter mix, alumni network, and ROI?” The Baby IIMs still offer valuable opportunities, but the data is a reminder that an MBA should be evaluated not just as a degree, but as a long-term career investment.

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