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IIM vs IIT Salary: The MBA salary package offered by IIM or IIT Indian Institute of Management and Indian Institute of Technology comes to around Rs. 35 LPA to Rs. 1 CPA. Companies from all sectors such as IT, finance, consulting, Sales, and marketing have appeared for the IIM and IIT placements every year to recruit talented MBA graduates with the best MBA packages. MBA aspirants who wish to join IIM or IIT for MBA admission can check out the IT vs IIM MBA placement reports of the respective institutes before applying. Analysing the IIM vs IIT salary will give the comparison of salary packages offered by IIMs and IITs to choose the MBA as their career. Read this article to know about the IIM vs IIT MBA salary, and how much is paid for IIM and IIT MBA graduates.
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IIMs and IITs are the premium higher educational institutes of India to get a degree in the field of management and engineering. The total number of seats offered for MBA admission at IIM is 5500 and for IITs is 650.
As per the NIRF ranking management report 2024, IIM Ahmedabad secured the 1st position and IIT Delhi comes in the 4th position based on its quality of education, infrastructure and placement records.
IIM vs IIT MBA salary packages can be varied based on the recruiters and demand in the job market and skills of the MBA graduates from IITs or IIMs.
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IIM and IIT are the top institutes available in India to get a bright future in the fields of management and engineering. The highest and average salary packages offered at IIMs are higher than that of IITs. But from this perspective, we can’t conclude that the IIM is better than the IIT. IITians may earn similar or higher salaries in technical and engineering fields than IIM graduates. While IIMs earn more in management roles. So, the salaries of the IIM and IIT may vary based on the field and industry. The total number of placement offers and companies offered in the management field compared to engineering.
All the 21 IIMs conduct the summer and final placements every year for the final year MBA graduates to get hired in any of the top organisations in India with the best MBA salary packages. Check out the list of IIMs in India offer the highest and average MBA salary packages.
Top IIMs in India | Highest MBA Salary Package | IIM MBA Average Package |
Rs 1.46 CPA | Rs 34.45 LPA | |
Rs 1.15 CPA | Rs 35.3 LPA | |
Rs 1.15 CPA | Rs 35.07 LPA | |
Rs 65.00 LPA | Rs 30 LPA | |
Rs 67.02 LPA | Rs. 31.02 LPA | |
Rs 1.14 CPA | Rs 30.21 LPA | |
Rs 71.30 LPA | Rs 26.96 LPA | |
Rs 36.00 LPA | Rs 18.73 LPA | |
Rs 67.00 LPA | Rs 35.50 LPA | |
Rs 43.43 LPA | Rs 21.04 LPA | |
Rs 41.61 LPA | Rs 20.55 LPA | |
Rs 37.00 LPA | Rs 18.10 LPA | |
Rs 35.04 LPA | Rs 20.02 LPA | |
Rs 64.00 LPA | Rs 16.74 LPA | |
Rs 43 LPA | Rs 16.61 LPA | |
Rs 48.58 LPA | Rs 14.96 LPA | |
Rs 36.25 LPA | Rs 16.51 LPA | |
Rs 64.12 LPA | Rs 14.45 LPA | |
Rs 64.61 LPA | Rs 16.74 LPA | |
Rs. 54 LPA | Rs. 47.29 LPA | |
Rs 64.00 LPA | Rs 16.43 LPA |
Check out: IIM Placements 2024 - Average CTC, Highest Salary Package, Top Companies
The IITs invites companies from various sectors to appear for the IIT MBA placements. The highest and average salary package offered for MBA graduates ranges from Rs. 70 to Rs. 10 lakhs per annum. See the table to know how much was paid for the MBA graduates at the top IITs of India.
IIT MBA College | Highest Salary in IIT MBA Placement 2024 (INR Lakhs per Annum) | Average Salary in IIT MBA Placement 2024 (INR Lakhs per Annum) |
Rs. 72 lakhs | Rs. 28 lakhs | |
Rs. 41.13 lakhs | Rs. 26 lakhs | |
Rs. 29.65 lakhs | Rs. 16.93 lakhs | |
Rs. 43.37 lakhs | Rs. 22 lakhs | |
IIT Kanpur - Department of Industrial and Management Engineering (IME) | Rs. 24 lakhs | Rs. 18 lakhs |
Rs. 27.94 lakhs | Rs. 18 lakhs | |
Rs. 56 lakhs | Rs. 11 lakhs | |
Rs. 23.8 lakhs | Rs. 12 lakhs |
Check out: IIT MBA Placements 2024: Salary, Highest Package, Average Package, Top Recruiters
It is clear from the placement reports of IIMs and IITs, the placement offers made to the graduates of IIM and IITs are increasing every year. The highest and average salary packages offered at IIMs or IITs are decided by the following factors.
Work Experience: It is an important factor in deciding the IIM vs IIT salary in the present scenario. Graduates with professional experience have more demand in the job market compared to freshers in all domains.
Educational Background and Skill Set: MBA graduates from IIM or IIT are hired by top recruiters based on their educational qualifications in the particular MBA specialisation. The job offers are made based on the managerial, technical and non-technical skills of the graduates.
Location: IIM vs IIT salary packages offered by the companies can vary based on the location where an individual chooses. Graduates working in metro cities or abroad earn the highest MBA salary packages. Based on the project or assignment the salary can also be higher while working in India.
Company Type: The companies can be divided into two types mainly, start-ups and established companies. The startup salary package will depend on their business success and the other companies will have a structured salary based on their performance and experience.
Networking and Alumni strength:
The strength of the IIM and IIT alumni decided the MBA salary packages. Strong professional networks with alumni will help to get good job opportunities and high-paid jobs in any sector based on skills and experience.
Companies from various sectors like Banking, Consulting, IT, Logistics, Tourism and Hospitality, and healthcare accept the invitations of the IIMs or IIT placements. IIMs and IITs are the tier 1 MBA colleges in India to get highly talented and qualified MBA graduates for their organisations. Some of the top recruiters who hire MBA graduates from IIM and IIT are mentioned in the table below.
TCS | ONGC | Oracle | Amazon |
Indian Oil Corporation Limited | Microsoft | Hindustan Unilever Limited | |
ICICI Bank | HSBC | ITC Limited | TATA Steel |
Adani Group | Reliance | Cognizant | EY |
Accenture | Larsen & Toubro | Johnson & Johnson | Taj Hotels |
The highest MBA salary package offered for IIT and IIM exceeds Rs. 50 lakhs per annum based on the job role and companies.
As per the latest placement reports, IIM Ahmedabad offered the highest MBA salary package of Rs. 1.46 CPA and IIT Bombay offered the highest package of Rs. 72 LPA.
The top-paying jobs offered for IIM or IIT MBA graduates are coming under the domains of consulting, finance, hospitality, sales, marketing, information technology and many others.
The average MBA salary package offered by IIM ranges from Rs. 35 LPA to Rs. 15 LPA and for IIT it is around Rs. 28 LPA to Rs. 10 LPA. The average MBA salary packages offered for the graduates can vary based on their specialisation, role and skills.
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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!
I understand your situation, Aishwarya. Preparing for the CAT while balancing your final year of engineering can be challenging, especially without coaching. However, with dedication and the right approach, it's definitely possible to crack the exam.
Here are some tips to help you get started:
1. Assess Your Strengths and Weaknesses:
2. Build a Strong Foundation:
3. Effective VARC Preparation:
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While coaching can be helpful, it's not essential. With dedication, perseverance, and effective study strategies, you can definitely crack the CAT and achieve your goal of getting into IIMB.
Remember, starting now is a great decision. The earlier you begin, the more time you'll have to improve your skills and build confidence. Good luck!
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It just indicates that you have a provisional allocation and that registration for the general category is now open without reservation.If you meet the prerequisites to be enrolled in that specific course at your college, you can be admitted to the designated college.
Hello,
No, you cannot select the NC-OBC (Non-Creamy Layer Other Backward Classes) section in the CAT registration form if you belong to the RBA (Reserved Backward Area) category, even if your family income is less than Rs. 8 lakhs.
The NC-OBC category in the CAT registration form is specifically for candidates who belong to the Non-Creamy Layer of the Other Backward Classes (OBC) as per the central government’s list of OBCs. The RBA category is a separate category applicable mainly in states like Jammu & Kashmir, and it does not fall under the central OBC category.
If you belong to the RBA category, you should select the appropriate category you qualify for in the CAT registration form (General, SC, ST, EWS, or any other applicable category based on state or central government recognition).
Hope it helps !
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