In 2024, IIM Ahmedabad reported an average CTC of INR 36.2 LPA, IIM Bangalore INR 35.3 LPA, and IIM Kozhikode INR 31.3 LPA. Top recruiters like McKinsey, BCG, Goldman Sachs, Amazon, and Microsoft visit these campuses, with consulting firms offering over 30-40% of roles at Ahmedabad and Bangalore, while Kozhikode is gaining traction in tech and e-commerce. The top 3 management institutes in India as per NIRF ranking 2024, IIM Ahmedabad, IIM Bangalore and IIM Kozhikode have maintained their positions in the NIRF management ranking for the last 3 years because of the quality of education, learning resources and the placement records of the top IIMs in India. In this article, we present a comparative analysis of these top 3 IIMs placements based on the average salary package offered, total recruiters who came to the campus, and the number of job offers received.
IIM Ahmedabad, IIM Bangalore and IIM Kozhikode have done their summer and final placements for the final-year graduates of batch 2022-24. By analysing the recent IIM placement reports, IIM Ahmedabad received the highest package of Rs. 1.46 CPA and placed 559 candidates in reputed organisations. Meanwhile, IIM Bangalore and IIM Kozhikode also received the highest IIM salary package of Rs. 1.15 CPA and Rs. 72 LPA respectively. The total number of graduates placed in various companies from IIM Bangalore is 572 and 537 for IIM Kozhikode. The table below showcases the best 3 IIMs placement comparison.
Particulars | IIM Ahmedabad placements 2024 | IIM Bangalore placements 2024 | IIM Kozhikode placements 2024 |
IIM Highest Package | Rs. 1.46 CPA | Rs 1.15 CPA | Rs. 72.02 LPA |
IIM Average Package | Rs 34.45 LPA | Rs 35.92 LPA | Rs. 30.96 LPA |
Offers Received | 559 | 572 | 537 |
Total Recruiters | 105 | 163 | 156 |
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The previous year’s 3 IIMs placement comparison depicts how IIM Ahmedabad, IIM Bangalore and IIM Kozhikode are said to be the best and highest MBA placement offering campuses in India. In 2022-23, IIM Ahmedabad received the average package of Rs. 30 LPA and placed 423 graduates in various companies. Meanwhile, IIM Bangalore placed 559 students with a package of Rs. 26.5 LPA. IIM Kozhikode placed 502 final-year students with a salary package of Rs. 31.5 LPA. Check out the IIM MBA placement statistics for the last 3 years from the table as per the previous year's NIRF Reports.
Year | Particulars | IIM Ahmedabad | IIM Bangalore | IIM Kozhikode |
2022-23 | Number of Students Placed | 423 | 559 | 502 |
Average MBA Salary Package | Rs 31 LPA | Rs 27 LPA | Rs. 33 LPA | |
2021-22 | Number of Students Placed | 431 | 546 | 518 |
Average MBA Salary Package | Rs 30 LPA | Rs 26.50 LPA | Rs. 31.5 LPA | |
2020-21 | Number of Students Placed | 428 | 459 | 436 |
Average MBA Salary Package | Rs 27.60 LPA | Rs 20 LPA | Rs. 25 LPA |
Around 105 recruiters attended the IIM Ahmedabad placement to choose the highly talented and skilled graduates for their organisations. Also, the total number of companies that participated in the IIM Bangalore and IIM Kozhikode placements recently is 163 and 156 as per reports. Recruiters from various sectors like consulting, Banking, Sales and Marketing, Finance, Operations, IT, Hospitality, Product Management and other sectors participate in the IIM placements of IIM Ahmedabad, IIM Bangalore and IIM Kozhikode every year. See some of the top recruiters of the best 3 IIM in India in the table below.
McKinsey & Company | HSBC | PwC | EY |
Hindustan Unilever | Goldman Sachs | Aditya Birla Group | Adani Group |
Microsoft | KPMG | TATA Steel | Cisco |
Deloitte | Boston Consulting Group | IBM | |
Accenture | Bain & Company | Amazon | BOSCH |
The Return on Investment (ROI) will be the factor considered when choosing an MBA programme from the best 3 IIMs in India. The IIM course fee vs placement packages comparison shown in the table below depicts that 1 to 2 years of job in any of the sectors after getting IIM placements from these Institutes will ensure the payback of the amount invested in the MBA programmes. All three 3 IIMs offer the best ROI with their highest MBA salary packages and job opportunities. Concluding it is clear from the analysis, investments done for the management programmes provided by the 3 IIMs are worthwhile.
Particulars | IIM Ahmedabad | IIM Bangalore | IIM Kozhikode |
IIM Courses | MBA, PGD, Executive MBA | PGP, EPGP, PGPBA, PGPEM | PGP, MBA for Working Executives |
IIM Fees | Rs. 25 lakh | Rs. 24.5 lakh | Rs. 22.50 lakh |
IIM Highest Package | Rs. 1.46 CPA | Rs. 1.15 CPA | Rs. 72.02 LPA |
IIM Average Package | Rs. 34.45 LPA | Rs. 35.92 LPA | Rs. 30.96 LPA |
In conclusion, we can say that IIM Ahmedabad and IIM Bangalore offer the highest package exceeding Rs. 1 CPA as compared to IIM Kozhikode. However, when we analysed the number of job offers, IIM Bangalore received the highest number of placement offers 572 in the final placement 2024. MBA aspirants who are confused about opting for the top 3 IIMs can either join IIM Ahmedabad or IIM Bangalore to get the highest MBA salary package after graduation based on the placement comparative analysis.
On Question asked by student community
Hey Ramesh! Looking at your profile—10th: 92%, 12th: 93%, Master’s CGPA: 8.3, no work experience, SC category—you have a solid academic record. For top IIMs like Ahmedabad, Bangalore, and Calcutta, SC category candidates usually need a CAT percentile of around 92–94 to have a realistic chance at admission. Other IIMs like Lucknow, Indore, Kozhikode may require slightly higher percentiles, around 94–96. For FMS Delhi, SC candidates typically need 95+ percentile.
Remember, these percentiles are approximate and can vary slightly each year depending on the competition and number of seats. Sectional cut-offs also matter, so make sure to perform well in all sections of CAT. Since you have no work experience, your academic record will carry more weight, which is in your favor. My suggestion is to aim for 95+ percentile to keep your options open across IIMs and FMS. Also, consider applying to other top MBA colleges alongside, to maximize your chances. With focused preparation, your profile is competitive for SC category seats.
Hi Lokendra
As you are from SC category and also a PWD candidate, your chances of getting a call from IIM A,B,C will be very good at 60 - 65 percentile. The official minimum percentile required for your category (cutoff) is 50 percentile but the safe percentile for getting a call from IIM ABC is 65 percentile. The safe percentile to guarantee your admission would be 80 percentile.
To know more about CAT: CAT by CAREERS360
Hope this answer helps! Thank You!!!
Hello,
Depending on the IIM, SC or PWD candidates minimal percentile for an IIM call typically falls between 50 and 70. Generally speaking, a percentile score of 80 or more is seen as a safe bet for admission assurance. However, various IIMs and even different years for the same IIM may have varying cut offs and admission chances.
Hello Aspirant,
Hello,
The specific company that offered a Rs. 1.46 crore package in the Banking, Financial Services, and Insurance (BFSI) sector during IIM Ahmedabad's placements has not been publicly disclosed. However, notable points include:
Hope it helps !
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