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The MICA Average Package offered in the recent placement season was Rs. 19.21 lakhs per annum. MICA has achieved yet another consistent 100% placement record, demonstrating its commitment to student success. MICA placement season has witnessed over 87 companies participate in the recruitment drive. Based on the training and support offered by the MICA placement cell helped the graduates to get multiple placement offers and many successfully converted their internships into PPOs (pre-placement offers), marking a 70% increase in PPOs this year. Some of the job roles offered by recruiters in MICA placement with MICA average packages are Founder office/CEO office roles for strategy, GEO Success Specialist, Strategic Development Office, Treasury, and Growth Strategy roles have been offered, expanding career horizons for the students.
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The median package at MICA was approximately Rs. 18 lakhs per annum. Around 195 students appeared for the MICA placement drive. The highest CTC offered was around Rs. 35.5 lakhs per annum. The MICA average package for the top 25 students reached Rs. 29.9 lakhs per annum. The top 50 candidates bagged MICA average package of Rs. 26.6 lakhs per annum. For the top 100 candidates, the MICA average package was Rs. 23.1 lakhs per annum.
The MICA average package depends on the impact of a few factors. These factors are taken into consideration by the recruiting companies when making an offer for a particular position to a candidate. The different factors that influence the MICA placements are mentioned below.
Course Specialisation: The MICA Average Package differs as per the specialization of the program. A few specializations like IT, Operations, Finance, and marketing tend to pay more as compared to HR.
Industry or Sector: The type of industry plays a vital role in determining the MICA Average Package. Industries like finance, consulting, and IT offer a higher starting salary.
Job Role Offered: The particular job role for which a candidate is hired decides what would be the salary package for it. Management and Analyst roles have a higher salary package.
Individual Performance of the Candidate: The performance of a candidate in the interview or selection rounds decides the MICA Average Package they would be getting upon getting selected for the applied role.
Job Location: An international location generally tends to pay more than a domestic one. Especially getting placed for a role in tier-one countries like the United States, Canada, and Australia can give a substantial boost to one's career.
Condition of Job Market: The underlying job market is crucial for the MICA Average Package. A highly demanding job market would enable candidates with high salary packages and vice versa.
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The MICA average package varies as per the companies arriving from different sectors to the MICA placements. The MICA average package for different industries is given in the table below.
Sectors | Number of Offers | MICA Highest Package | MICA Average Package |
FMCG | 38 | Rs. 35.5 LPA | Rs. 22.49 LPA |
IT/ITES | 25 | Rs. 31.75 LPA | Rs. 21.07 LPA |
FMCD | 35 | Rs. 27 LPA | Rs. 18.3 LPA |
Media and Advertising | 32 | Rs. 29 LPA | Rs. 16.25 LPA |
Analytics, BFSI & Consulting | 35 | Rs. 29.04 LPA | Rs. 19.92 LPA |
Others | 31 | Rs. 23.13 LPA | Rs. 16.67 LPA |
The MICA average package for 2024 rose by 35% from Rs. 14 to 19 lakhs per annum. The MICA average package trends are provided in the table below.
Year | MICA Average Package Trends |
2023 | Rs. 20.09 LPA |
2022 | Rs. 14 LPA |
2021 | Rs. 14.01 LPA |
Companies from various industries and sectors offered MICA average packages to candidates for a variety of positions. The top companies participating in the MICA placement drive are listed in the table below.
Adani | Coca Cola | Puma | Relaxo |
Accenture | Hindustan Unilever Limited | Samsung | Usha |
Amul | Himalaya | ITC | Vedanta |
Angel One | HDFC Bank | Mastercard | Unacademy |
Astral | Groww | Godrej | Tata Steel |
Frequently Asked Questions (FAQs)
The fee for the two-year PGDM program at MICA is Rs. 23 lakhs per annum. The fee is to be paid over the course of four semesters. The facilities of scholarships and educational loan facilities are also available.
The XAT percentile required for MICA is between 80 to 85. Candidates with an XAT percentile of 85 and above applying to MICA have a strong probability of getting shortlisted for the Interview round.
The MICA Average Package for this year’s placement season was Rs. 19.21 lakhs per annum. The placement rate of MICA is 100%. The MICA average package for the top 25 students reached Rs. 29.9 lakhs per annum.
The median package at MICA was approximately Rs. 18 lakhs per annum. Around 195 students appeared for the MICA placement drive. The highest CTC offered was around Rs. 35.5 lakhs per annum.
On Question asked by student community
Hi Aspirant,
Hope you are doing great as per the question asked by you yes you can certainly admission in MICA Ahmedabad or NMIMS Mumbai with 79% in 10th ,81% in 12th and 86% in b.com as you need to score high in C.A.T exam and N.M.A.T exam as competition is very tough in both the exams and both are one of the best colleges where getting admissions require high percentile.
Hope you found this answer useful.Stay motivated stay positive.
All the best!
Hi Dear,
Yes, you will get a call from MICA if you score more than 75 percentile in CAT/XAT/GMAT and score good in MICAT. The college takes into consideration score of both the exams for final selection. The weightage for selection is as follows:
Component |
Weightage percentage |
MICAT Exam Score |
30% |
Personal Interview (PI) |
30% |
Group Exercise (GE) |
20% |
CAT/XAT/GMAT Score |
20% |
Total Weightage |
100% |
You can check the previous year cut off from link below:
https://media.careers360.com/articles/micat-cutoff
Good Luck
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