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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.
The student cannot join the postgraduate MA program directly in the second year of the MA after completing the MBA.
Universities generally expect students to begin the first year of a masters' program even though they had qualifications at the level of a bachelor's degree. The university's curriculum along with the courses are planned to give an in-depth knowledge of the subjects.
But you could opt for:
Postgraduate Studies:
Research Career: In case research interests you, then you can pursue a Ph.D. in your specific interest.
Specialized Master's Programs: Find any specific master's course that supports the career goal.
Professional Certifications:
Make a professional certification in CFA, CA, or FRM to enhance the professional skills and better opportunities in the career field.
Job Entry via MBA
After gaining an MBA from a renowned institution, it's possible to get entry into the corporate world where the diversity in the career field is assured.
In the end, it would depend on what you would like and what you are particularly interested in. It will be better if you take a suggestion from your academic advisor or career counselor.
Hello Pratik,
If your family income exceeds 8 LPA, it will affect your eligibility for the NC-OBC category under the CAT reservation rules. The NC-OBC category requires that the family income should be below 8 LPA to qualify. If you anticipate that your income will exceed this threshold, you should update your status and notify the CAT authorities .
Here's what you can do:
Email the CAT authorities
: Inform them about the potential change in your income status and request to be considered under the
General
category, if applicable. You should do this before the examination or any further processing, as your eligibility for the OBC category depends on the income criteria.
Documents and Proof
: Make sure you have a valid
OBC certificate
and any relevant documentation regarding your family income, in case they require verification. Also, be aware that if your income exceeds 8 LPA, you might need to apply under the
General
category, as the OBC-NC reservation is no longer applicable.
General Category Consideration : If your application is accepted as General, you will be evaluated based on the General category criteria, including cutoffs and ranking.
To summarize, notifying the CAT authorities is the correct approach to avoid discrepancies later, and if your income is above the threshold, you will be treated as a General candidate for the admissions process.
For more details about CAT exam you can check out an article by Careers360 whose link is given below:
Link: https://bschool.careers360.com/exams/cat
I hope this answer helps you. If you have more queries then feel free to share your questions with us we will be happy to assist you.
Thank you and wishing you all the best for your bright future.
Hi Shreya ,
Having a tattoo on your wrist should not create a problem during the CAT exam as long as it does not contain any content that violates exam rules , such as communication-related symbols , unauthorised messages or any text resembling formulas or answers .
For a safe side , it is recommended :
1. Inform the Invigilators : Let them know about your tattoo during the identification check , so there are no misunderstandings .
2. Follow the Guidelines : Ensure you follow all instructions regarding permissible items and dress code on the exam day .
Hope this helps you .
ALL THE BEST .
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Hello,
Yes, you can also join IIMs two years after graduation, depending upon the justification in interviews and your performance in entrance exams. If you are not sure about CAT, try those other management exams less hard:
Common Management Admission Test: Easier than CAT; 4-5 months of continuous preparation will suffice.
MAT : Much easier and takes place thrice a year.
SNAP (Symbiosis National Aptitude Test): A bit easier than CAT, apt for Symbiosis Institutes.
Xavier Aptitude Test or XAT : Hence, easier than CAT but the unique decision-making section.
Use exams like CMAT and MAT as a challenge to be competitively prepared. This can be given about 4-5 months, along with a few rounds of mock tests and smart studying.
A career as Marketing Director is also known as a marketing expert who is responsible for the overall marketing aspect of the company. He or she oversees plans and develops the company's budget. The marketing Director collaborates with the business team to plan and develop the marketing and branding strategies for the company's products or services.
A Business Development Executive (BDE) is a professional responsible for identifying growth opportunities and fostering strategic partnerships to enhance a company's market position. Typically, a BDE conducts market research, analyses industry trends, and identifies potential clients or business prospects. He or she plays a crucial role in developing and implementing sales strategies to achieve revenue targets.
A BDE often collaborates with cross-functional teams, including marketing and product development, to align business objectives. Strong communication, negotiation, and relationship-building skills are essential for success in this role. BDE strives to expand the company's customer base, drive sales, and contribute to overall organisational growth in a dynamic and competitive business environment.
Content Marketing Specialists are also known as Content Specialists. They are responsible for crafting content, editing and developing it to meet the requirements of digital marketing campaigns. To ensure that the material created is consistent with the overall aims of a digital marketing campaign, content marketing specialists work closely with SEO and digital marketing professionals.
A sales manager is a revenue-generating source for a company. Any organisation or company which sells a commodity or service requires sales to generate revenue. A Sales manager is a professional responsible for supervising the sales team. An Individual as a sales manager works closely with salespeople, assigns sales territories, sets quotas, mentors the members of the sales, assigns sales training, and builds a sales plan.
The Sales Manager work also includes hiring and laying off sales personnel after evaluating his or her work performance. In bigger entities, sales quotas and plans are usually set at the executive level. He or she is responsible for overseeing the set target or quotas met by salespeople or upholding any policy. He or she guides his or her fellow salespeople and allows them to sell.
Individuals who opt for a career as a business analyst look at how a company operates. He or she conducts research and analyses data to improve his or her knowledge about the company. This is required so that an individual can suggest the company strategies for improving their operations and processes.
In a business analyst job role a lot of analysis is done, things are learned from past mistakes and the successful strategies are enhanced further. A business analyst goes through real-world data in order to provide the most feasible solutions to an organisation. Students can pursue Business Analytics to become Business Analysts.
A marketing manager is a person who oversees a company or product marketing. He or she can be in charge of multiple programmes or goods or can be in charge of one product. He or she is enthusiastic, organised, and very diligent in meeting financial constraints. He or she works with other team members to produce advertising campaigns and decides if a new product or service is marketable.
A Marketing manager plans and executes marketing initiatives to create demand for goods and services and increase consumer awareness of them. A marketing manager prevents unauthorised statements and informs the public that the business is doing everything to investigate and fix the line of products. Students can pursue an MBA in Marketing Management courses to become marketing managers.
An SEO Analyst is a web professional who is proficient in the implementation of SEO strategies to target more keywords to improve the reach of the content on search engines. He or she provides support to acquire the goals and success of the client’s campaigns.
Digital marketing is growing, diverse, and is covering a wide variety of career paths. Each job function aids in the development of effective digital marketing strategies and techniques. The aims and objectives of the individuals who opt for a career as a digital marketing executive are similar to those of a marketing professional: to build brand awareness, promote company services or products, and increase conversions. Individuals who opt for a career as Digital Marketing Executives, unlike traditional marketing companies, communicate effectively through suitable technology platforms.
Admissions Open | Globally Recognized by AACSB (US) & AMBA (UK) | 17.3 LPA Avg. CTC for PGPM 2024 | Application Deadline: 1st Dec 2024
9 IBS Campuses | Scholarships Worth Rs 10 CR
Highest CTC: INR 28.25 LPA | Average for Top 100 offers: INR 17.34 LPA | Ranked #63 in India under Management category by NIRF | 148 Recruiters
8.11 LPA-Average Package | 1200+ Recruiters
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