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IIT MBA placements are always a highly anticipated event among students. It is the final destination of a journey filled with dreams, aspirations, and hard work. IIT MBA placements are also a matter that is highly looked into as they evaluate the finest academic institutes in the country. Candidates can apply for an MBA at IITs based on their CAT percentile. MBA from IITs equips students with practical skills and knowledge to thrive in the dynamic business world. This article dwells into the intricacies of the IIT MBA placement process, salaries, top recruiters, and much more.
IIT MBA placements are known for their high salaries. The process begins with pre-placement talks followed by recruitment drive interviews and final selection with job offers. The table below provides details of the highest and average salary packages at the 8 IITs offering MBA programs with top MBA specializations for the year 2024.
IIT MBA College | Highest Salary (approx.) in IIT MBA Placement 2024 (INR Lakhs per Annum) | Average Salary (approx.) 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 |
Top consulting firms like McKinsey, Bain, and BCG, financial institutions such as JP Morgan and Goldman Sachs, and tech giants like Google, Apple, Microsoft, Meta, Amazon, and FMCG companies like Hindustan Unilever Limited (HUL) and Procter and Gamble (P&G) are among the top recruiters. Emerging sectors like waste management and renewable energy also offer exciting opportunities for IIT MBA graduates.
Refer to the table below for a look at the top companies/recruiters offering career opportunities at IIT MBA placements across different industries:
IIT MBA College | Top Recruiters/Companies |
IIT Bombay MBA placements | McKinsey & Company, Boston Consulting Group, Amazon, Microsoft, Google, Hindustan Unilever Limited, Procter & Gamble, Deloitte, Goldman Sachs |
IIT Delhi MBA placements | Accenture, Bain & Company, Facebook, Aditya Birla Group, Tata Consultancy Services, JP Morgan Chase & Co., KPMG, Samsung, IBM |
IIT Kharagpur | PricewaterhouseCoopers, Larsen & Toubro, Reliance Industries Limited, Mahindra & Mahindra, Flipkart, Wipro, Cognizant, Ernst & Young |
IIT Kanpur | ITC Limited, Infosys, Larsen & Toubro, ICICI Bank, Siemens, ONGC, Hindustan Petroleum Corporation Limited, Maruti Suzuki India Limited |
IIT Madras MBA placements | Hindustan Unilever Limited, Amazon, Microsoft, Goldman Sachs, The Boston Consulting Group, Tata Administrative Services, Citibank, Accenture |
IIT Jodhpur | Tata Motors, Indian Oil Corporation Limited, Larsen & Toubro, Capgemini, TATA Steel, Deloitte, HDFC Bank, Infosys |
IIT Dhanbad | Coal India Limited, Oil and Natural Gas Corporation, Tata Steel, Adani Group, Indian Oil Corporation Limited, Larsen & Toubro, Tata Consultancy Services, Hindustan Zinc Limited |
IIT Roorkee | Larsen & Toubro, Oracle, ONGC, ITC Limited, Tata Consultancy Services, Mahindra & Mahindra, Hindustan Unilever Limited, Aditya Birla Group |
Students receive extensive preparation, support, and advice from the placement cells at all the IITs. It includes workshops for resume building, mock interviews, case studies, and networking events with alumni and various industry professionals. Personalised guidance is provided to the students to identify their strengths and weaknesses, improve interview performance, and navigate through the placement process seamlessly.
The alumni network has proved to be of utmost importance in serving as an inspiration to their juniors. Many have gone on to take up top leadership positions in big companies, start successful ventures, and much more. The Alumni network helps in mentorship, networking, and sustaining great professional relationships for students. They also act as a great support system after graduation for the students as well as the institute.
The placement process at IITs typically includes pre-placement talks, interviews, and job offers. Placement cells provide support and guidance to students throughout the process.
Consulting, finance, technology, and FMCG companies are among the top recruiters for IIT MBA graduates.
Placement cells offer a range of services, including resume workshops, mock interviews, and networking events, to help students prepare for placements.
Average salary packages for IIT MBA graduates typically range from ₹15 lakhs to ₹25 lakhs per annum, depending on factors like industry and location.
To prepare for placements, students should focus on developing their interview skills, networking with alumni and industry professionals, and staying updated on industry trends and developments.
All the IITs offering MBA programmes ranked in the first 20 positions as per the NIRF management ranking report 2023. All the IITs offer the best MBA salary packages for the graduates during the IIT MBA placements.
For MBA graduates from IITs, the average salary ranges from Rs 12 to 20 lakhs per annum.
Hello Greetings,
With a CAT 2024 score of 93.94 percentile, you can expect calls from newer IIMs like *IIM Udaipur*, *IIM Raipur*, and *IIM Kashipur*. These institutes have relatively lower cutoffs compared to the older IIMs. Additionally, you may also consider other top MBA colleges like *IIT Madras*, *IIT Roorkee*, or *IIT Kharagpur*, which offer MBA programs with slightly lower cut-offs. To get a better idea of your chances, you can use online CAT College Predictor tools, which estimate the probability of receiving interview calls from different IIMs and other top MBA colleges based on your CAT percentile and academic background .
Have a great day
Hi,
With a CAT 2024 score of 93.94 percentile, you have a good chance of getting calls from several prestigious IIMs. Here are some possibilities
IIMs:
- IIM Indore: 90 percentile (General Category)
- IIM Ahmedabad: 80 percentile (General Category)
- IIM Bangalore: 85 percentile (General Category)
- IIM Calcutta: 85 percentile (General Category)
- IIM Lucknow: 90 percentile (General Category)
- IIM Kozhikode: 85 percentile (General Category)
- IIM Shillong: Sectional Cutoffs
Other Top B-Schools:
- SPJIMR (S.P. Jain Institute of Management and Research): 90-95 percentile
- MDI Gurgaon (Management Development Institute): 90-95 percentile
- XIME (Xavier Institute of Management and Entrepreneurship): 90-95 percentile
- FMS Delhi (Faculty of Management Studies): 95-99 percentile
- IIT Delhi and IIT Bombay: 90-99 percentile
These are general estimates and cutoffs can vary each year based on the difficulty of the exam and the number of applicants. It's always a good idea to check the official websites of these institutes for the most accurate and updated information.
Hi,
Based on the previous year analysis, According to your CAT 2024 percentile you have chances to get call from some of the IIM including:
Some of the good colleges other than IIM in which you have chances to get a seat are the following
You can predict the colleges in which you have chance to get a seat for MBA course using the CAT 2024 college predictor tool.
Hope this information will help you
Based on your CAT and NMAT scores, here's a suggested preference order for the colleges you've applied to, keeping in mind that MBA Finance specializations often have specific cutoffs:
You must make considerations on specialization, placements, faculty, curriculum and campus life and go for the college that you believe suits you the best.
All the very best!
Hello,
CAT percentage score: 92.4%ile; Educational background: B.Sc. Botany; Work Experience: 34 months; CGPA 9 in Class 10 With such a profile, the niche programs like IIMA FABM (Food and Agribusiness Management) and IIML ABM (Agri-Business Management) present a competitive edge. This is because these programs offer good diversity in academic backgrounds that align well with your profile.
While your 12th (65.7%) and graduation (65.2%) scores may eliminate opportunities at the older IIMs for their core PGP programs, newer IIMs in the list are IIM Udaipur, IIM Raipur, and IIM Kashipur; the MBA programs at the IITs like IIT Madras, IIT Roorkee, or IIT Kharagpur are also worth examining with their slightly lower cut-offs.
Emphasise academic diversity, work experiences, and career goals that are in agribusiness to strengthen your application and prepare for interviews to eventually apply strategically to maximise your chances at institutions whose values align with yours.
You can use the online CAT College Predictor tools to estimate the probability of receiving interview calls from different IIMs and other top MBA colleges based on your CAT percentile of 92.4% and academic background.
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Admissions Open | Globally Recognized by AACSB (US) & AMBA (UK) | 17.3 LPA Avg. CTC for PGPM 2024 | Application Deadline: 1st Dec 2024
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