IIM Mumbai Placements 2024: Highest Package, Average Salary, Top Recruiters

IIM Mumbai Placements 2024: Highest Package, Average Salary, Top Recruiters

Updated on 20 Aug 2024, 02:52 PM IST

Indian Institute of Management (IIM), Mumbai, conducts the summer and final placements every year. IIM Mumbai has released the final placement report 2024 on its official website, iimmumbai.ac.in. As per the IIM Mumbai placement report for MBA, the highest and average package stood at Rs 54 LPA and Rs 47.29 LPA, respectively. Also, during the IIM Mumbai final placements 2024, the top 50% of the batch received an average package of Rs 33.84 LPA. Also, the median package of the batch was Rs 28 LPA. The top recruiters during IIM Mumbai placements 2024 included Accenture, Adani, HSBC, Cisco, Flipkart, Cognizant, Hero, etc.

LiveIIM CAT 2025 Result (OUT) LIVE: MBA admission criteria for IIMs; CAT score weightage, cut-offsDec 26, 2025 | 11:01 PM IST

IIM Kozhikode will retain its three-stage admission process for the MBA (PGP) 2026–28 batch, with CAT 2025 scores carrying a final weightage of 35 percent. The minimum overall CAT cut-off for general category candidates remains at 85 percentile, with sectional qualifying scores required in VARC, DILR, and QA. Shortlisting of candidates will be based on CAT performance, academic record, and personal interview rounds.

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This Story also Contains

  1. IIM Mumbai Placements 2024: Highlights
  2. IIM Mumbai Placements Summary 2024
  3. IIM Mumbai Placement 2024: Month-wise Work Experience
  4. IIM Mumbai Final Placement Sectors 2024
  5. IIM Mumbai Placement Comparison 2024: With Other IIMs
  6. IIM Mumbai Placements 2024: Top Recruiters
  7. IIM Mumbai Summer Placements 2023-25
IIM Mumbai Placements 2024: Highest Package, Average Salary, Top Recruiters
IIM Mumbai Placements 2024

IIM Mumbai Placements 2024: Highlights

Apart from this, out of a total of 480 students who participated in the IIM Mumbai summer placements. Also, the highest and average stipends offered during the IIM Mumbai summer placement 2023-25 batch are Rs 4.80 LPA and Rs 2.27 LPA, respectively. Key highlights of the IIM Mumbai placement 2024 are given below:

IIM Mumbai Placement Report 2024

Particulars

IIM Mumbai Placement Statistics

Total students

446 (Male: 373; Female: 73)

New recruiters

67

Total number of companies visited

180

PPOs Offered

170

Average CTC for PPOs

Rs 29.44 LPA

Median CTC for PPOs

Rs 28 LPA

Highest CTC

Rs 54 LPA

Top 10% Average

Rs 47.29 LPA

Top 20% Average

Rs 40.71 LPA

Top 50% Average

Rs 33.84 LPA

IIM Mumbai Placement Report Download Link

IIM Mumbai Final Placement Report 2024

Download Here

IIM Mumbai Summer Placement Report 2023-25

Download Here

IIM Mumbai Placements Summary 2024

According to the IIM Mumbai placement report, 80% of the students who participated in the placement drive had prior work experience. 20% of the students do not have any experience. The top profiles offered are Operations, Marketing, IT Analytics, Consulting, General Management, and Finance.

IIM Mumbai Placement 2024: Month-wise Work Experience

Duration of Experience

Percentage

Freshers

20%

1-12 Months

21%

13-24 Months

32%

25-36 Months

19%

36+ Months

8%

Also Read: IIM Mumbai Fees

IIM Mumbai Placements 2024: Work Experience Sectors

Sectors

Percentage

IT/Analytics

19%

Sales & Marketing

5%

Operation

25%

Consulting/ BFSI

12%

Freshers

20%

Others

15%

Also, improved trends were observed in the IIM Mumbai average package awarded during the last three years during IIM Mumbai MBA placements, which is given below:

IIM Mumbai Final Placement Sectors 2024

Sectors

Percentage

BFSI

10%

Consulting

18%

IT/Product Management

13%

Manufacturing

19%

Pharma

3%

Retail/ E-commerce

10%

Others

11%

IIM Mumbai Placement Comparison 2024: With Other IIMs

The table below compares IIM Mumbai MBA placements 2024 with other nearby IIMs:

IIM Name

Highest Package

Average Package

IIM Jammu

Rs 32 LPA (MBA HA & HM)

Rs 14.01 LPA

IIM Visakhapatnam

Rs 42.35 LPA

Rs 15.61 LPA

IIM Shillong

Rs 71.50 LPA

Rs 26.10 LPA

IIM Raipur

Rs 43.4 LPA

Rs 19.7 LPA

IIM Mumbai Placements 2024: Top Recruiters

Below is the list of top candidates for IIM Mumbai MBA placements 2024:

GEP

Bajaj

Adani

Deloitte

CISCO

HSBC

Genpact

Hero

ITC

Asian Paints

IDFC First

KPMG

Max

SBI

P&G

Wipro

Zepto

Sprinklr

People also looking for;

BIMTECH PGDM Admissions 2026

AACSB Accredited | Highest CTC: 22 LPA | Last Date: 31st December 2025

Great Lakes - PGDM & PGPM Admissions 2026

Globally Recognized by AACSB (US) & AMBA (UK) | 17.8 LPA Avg. CTC for PGPM 2025

IIM Mumbai Summer Placements 2023-25

The institute released the MBA summer placement report for batch 2023-25. According to the report, the highest stipend and average stipend are Rs 4.80 lakh and Rs 2.27 lakh, respectively. Also, a total of 480 students participated in the IIM Mumbai summer placements for batch 2023-25.

Particulars

Details

Total students

480

First time recruiters

38

Company participated

165

Average stipend

Rs 2.27 Lakh

Median stipend

Rs 2 Lakh

Highest stipend

Rs 4.80 Lakh

Average Stipend of Top 10% of the Batch

Rs 4.43 Lakh

Average Stipend of Top 20% of the Batch

Rs 4.10 Lakh

Average Stipend of Female Candidates

Rs 3.17 Lakh

Batch with Average Stipend 3 Lakh or More

37.5%

IIM Mumbai Summer Placements: Participating Companies

Sector

Percentage

BFSI

9%

Consulting

9%

E-Commerce

10%

FMCG

23%

IT/ Technology

7%

Manufacturing

25%

Pharma

7%

Others

10%

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Questions related to CAT

On Question asked by student community

Have a question related to CAT ?

HELLO,

With an overall 98.54 percentile ( QA/DILR 97.55, VARC 94.89) and strong academics 9/9/0, you have a good profile. As a B.Tech candidate you can expect calls from :-

  • IIM Shillong
  • IIM Udaipur
  • IIM Trichy
  • IIM Ranchi
  • IIM Raipur
  • IIM Kashipur
  • IIM Nagpur
  • IIM Indore is Boderline

Hope this will help you !

Hello aspirant,

Your kid has a good profile even in the general category with a BTech from IIT Delhi, three years of excellent job experience in a leading industry, and a 96 percentile in the CAT. He has a strong chance at reputable MBA schools like IIM Shillong, IIM Udaipur, IIM Trichy, IIT Bombay, IIT Delhi, and others, depending on interview performance and profile match, even though the top IIMs often require higher percentiles.

Thank you

Hope it helps you

With an overall CAT percentile of 82.71 in CAT 2025 as a general category candidate, along with section-wise percentiles of 80.56 in VARC, 75.81 in DILR and 84.56 in QA, your chances at top IIMs are limited, as most older IIMs usually shortlist general category candidates at much higher percentiles. However, this percentile still keeps you eligible for admission calls from several Tier-2 and Tier-3 MBA colleges across India, especially those that consider overall performance, academic background and work experience along with CAT scores. You can expect calls from institutes such as IMT Nagpur, IMI Bhubaneswar, FORE School of Management (some programs), TAPMI Manipal (borderline), Great Lakes Institute of Management (Chennai or Gurgaon for PGPM/PGDM variants), K J Somaiya (depending on cut-offs), GIM Goa (through CAT or other exams), and state-level universities that accept CAT scores. Additionally, many good private universities and autonomous B-schools consider candidates in the 80–85 percentile range and conduct their own GD-PI rounds. To improve your chances, you should apply widely, prepare well for interviews, and highlight your academics, work experience, certifications and extracurricular achievements, as final selection is not based on CAT score alone.

All the best.

With an overall CAT 2025 percentile of 82.71, you are unlikely to get calls from the IIMs (including new or baby IIMs), as most of them generally shortlist candidates at 90+ percentile, even after considering category and profile factors. However, this percentile is still quite decent and opens doors to many good Tier-2 and Tier-3 MBA colleges in India that offer solid academics, reasonable placements, and good industry exposure.

At around 80–85 percentile, you have a strong chance of getting shortlisted by institutes such as IMI Bhubaneswar, IMT Nagpur, IMT Hyderabad, XIME Bangalore/Chennai, TAPMI Manipal (borderline, profile-dependent), IFMR GSB Krea University, FORE School of Management (certain programs), GIM Goa (specialised programs), LIBA Chennai (borderline), K J Somaiya Institute of Management (profile-based), Great Lakes Chennai/Gurgaon (PGDM – profile matters a lot), and Welingkar Mumbai (especially through profile + GDPI). Many reputed state universities and private institutes like PUMBA Pune, Delhi School of Management (DTU – if accepting CAT that year), BIMTECH (some programs), NDIM Delhi, ITM Navi Mumbai, and Jaipuria Institute of Management campuses are also realistic options.

Your sectional percentiles (VARC 80.56, DILR 75.81, QA 84.56) are fairly balanced, which works in your favor, as several colleges apply sectional cut-offs around 60–70 percentile. Final selection will depend not only on CAT score but also on academic background, graduation marks, work experience, diversity factors, and GD-PI performance. If you have work experience, it significantly improves your chances at colleges like Great Lakes, FORE, IFMR, and Welingkar.

In summary, while top IIMs are not achievable at 82.71 percentile, you can still secure admission into reputed mid-tier MBA colleges that provide good ROI and career growth if you perform well in the GD-PI process. It is advisable to apply broadly, focus on profile-based institutes, and prepare seriously for interviews to convert the best possible calls.

With 84.91 percentile in CAT (General, male, no work experience), top colleges like IIMs, IITs, FMS, MDI, etc. are not possible. You may get calls from private institutes such as IMT Nagpur/Hyderabad, IMI Bhubaneswar, XIME, SDMIMD, Welingkar (some programs) and similar colleges. Universities like Amity or LPU are also options.

It’s better to choose carefully, as placements and ROI may be average. Reattempting CAT or trying XAT/CMAT could improve options.