IIMs (Ahmedabad, Bangalore, Kolkata, Lucknow, Indore, Kozhikode, etc.): The older IIMs continue to lead on compensation. For example, IIM Ahmedabad (PGP) placed all students in March 2023 with an average CTC ~₹34.4 LPA (up from ₹32.8 LPA in 2022); the highest international offer was

₹1.15 Cr (≈₹115 LPA). Consulting dominated (McKinsey made 34 offers and BCG 33

offers)indianexpress.com. IIM Bangalore (PGP) (Batch 2022–24) reported median ₹32.50 LPA, mean

₹35.92 LPAiimb.ac.in, with 100% of its ~517 students placed. In 2023–25 placements, the

602-member class averaged ₹34.88 LPA (median ₹32.61 LPA)iimb.ac.in. Consulting again led (41% of offers) followed by IT and financeiimb.ac.in; top recruiters included Accenture Strategy (75 offers), BCG (25), Amex (20), Bain (17), PwC (16), McKinsey (14)iimb.ac.in.

IIM Calcutta (PGPEx) – its 2022–24 Executive MBA (Batch 17) saw mean ₹32.68 LPA, median

₹32.27 LPAiimcal.ac.in with highest ₹52 LPA. IT was the largest sector (46% of offers) followed by Consulting (22%)iimcal.ac.in. (Older IIMs Lucknow and Indore report averages in the mid-20s LPA;

e.g. combined IIM Indore PGP+IPM (2023–25) averaged only ~₹25.7 LPAiimidr.ac.in, reflecting a large dual-degree batch.)

IIM Kozhikode (PGP): 2023 placements (Batch 2021–23) achieved mean ₹31.02 LPA, median

₹27.00 LPAiimk.ac.in. The largest sectors were Consulting (33%) and Finance (26%)iimk.ac.in. In 2024, average dipped to ₹28.05 LPA (median ~₹27 LPA)scribd.com. Top domain salaries were high (e.g. highest CTC increased to ₹72.02 LPA)scribd.com. IIM Kozhikode placed all ~556 students.

Other IIMs: Newer IIMs (e.g. Rohtak, Ranchi, Raipur, Trichy, Sirmaur, Jammu, Bodh Gaya) saw average salaries typically in ₹20–25 LPA (much lower than legacy IIMs) with top recruiters often from IT/BFSI. All IIMs maintained ~100% placement (barring a few late opt-outs) in 2023–25.

Other Premier Schools

Notes on trends: Most top schools saw modest salary gains in 2022–25. For instance, XLRI’s median rose ~3.6% to ₹30 LPA; FMS’s average hit a record ₹34.1 LPA; IIM Ahmedabad’s average grew 5% year-on-year. In contrast, mid-tier schools (e.g. MDI, XIMB, IMT) saw flatter growth. Across schools, consulting, finance/BFSI, and IT/e-commerce remain the largest hiring sectors. Functionally,

leadership/general management, sales/marketing, and analytics roles feature prominently in these offers.

Sector Preference MBA Graduates India

Here’s a comprehensive sector-wise breakdown of final placements at select top Indian B-schools, based on the latest verified data for 2024–25. This includes IIM Bangalore, XLRI Jamshedpur, SPJIMR Mumbai, and IIM Lucknow.

IIM Bangalore (PGP 2024 – 517 students) Sector-wise Offers (517 students, 572 offers):

• Consulting: 218 offers (≈42%) — top firms: Accenture, McKinsey, BCG, EY Parthenon, Kearney, Bain, Strategy& .
• Finance/Banking/Investments: 81 offers (16%) — recruiters: Goldman Sachs, JP Morgan, Barclays, Morgan Stanley, Credit Saison .
• IT & Analytics: 49 offers (9%) — Microsoft, Browserstack, HCL Tech, Atlassian, Salesforce .
• E-commerce/Payments/Telecom: 49 offers (9%) — Amazon, American Express, Airtel .
• Manufacturing/Construction/Energy: 36 offers (7%) — Asian Paints, Jindal, Tata Steel .
• Conglomerates: 30 offers (5%) — Adani, Reliance, Vedanta .
• FMCG/Retail: 28 offers (5%) — ITC, P&G, Diageo .
• Analytics/AI/ML: 13 offers (2%) — Games24x7, Ease, Thoughtspot .
• Healthcare: 12 offers (2%) — Sun Pharma, Syngene, UHG .
• Insight: Over 40% of roles came from consulting, followed by ~25% from Finance + IT. Product and e-commerce roles also contributed meaningfully.

xlridelhi.ac.in+11reddit.com+11education.indianexpress.com+11

XLRI Jamshedpur (PGDM – Class of 2025, 503 students) 

Sector-wise Offer Distribution:

• Consulting: ~29% — top recruiters: Accenture Strategy, BCG, Bain, PwC, EY, Deloitte
• ITES/ E-commerce/ Gaming: ~27% — Amazon, Google, Microsoft, Flipkart, PayTM, Uber
• Sales & Marketing: ~25% — roles in consumer goods and brand management .
• FMCG/Pharma/Real-estate: Participants from HUL, ITC, Asian Paints, Sun Pharma, Colgate, Coca-Cola.
• BFSI: Included JP Morgan, Mastercard, AmEx, HSBC
• Auto, Energy, Telecom: Mercedes, Bajaj, Shell, Airtel
• General Management: Roles at Mahindra, Aditya Birla,

Offer Volume by Top Recruiters (2023–25 cycle):

Consulting – 30 (Accenture); BFSI – 8; FMCG – 25 (Bajaj Auto); Conglomerates – 11; IT/E-commerce – 41 offers (Amazon lead).

SPJIMR Mumbai (PGDM 2024, 292 students)

Placement Highlights:

• Average salary: ₹33 LPA | Median: ₹31.5 LPA | Highest: ₹81
• ~34% offers ≥₹35 LPA; ~71% ≥₹30 LPA; 90% ≥₹25

Sector-wise Distribution:

• Consulting: 40% — Accenture Strategy, BCG, Deloitte, EY Parthenon, Infosys Consulting, KPMG, PwC.
• FMCG: ~33% (marketing cohort), recruiters: HUL, P&G, Nestlé, ITC,
• BFSI: ~30% (finance cohort), includes HSBC, Morgan Stanley, Nomura,
• Tech: ~36% of IM roles — AmEx, HCL, Paytm,
• General Management: 15% — Aditya Birla Group, Mahindra, Tata,
• E-commerce/Quick Commerce: 10% — Amazon, Zomato
• Other sectors (manufacturing, healthcare, real-estate): ~6%.

IIM Lucknow (PGP 2024, 576 students)

Domain-wise Placement Share (via Reddit insight):

“Consulting: 37%, Finance: 16%, Sales & Marketing:13%, Product Management:19%, General Management:12%, Operations:3%”

Compensation data:

• Median: ₹27 LPA | Average: ₹30 LPA | Highest: ₹1.23
• Top 10% ₹50 L, top 25% ₹44 L, top 50% ₹37 L, top 80% ₹32 L — reflective of a strong upper-mid segment

Final Insights

 Insights & Takeaways

• Consulting is the top recruiter in all elite B-schools (~30–42%). MBB firms (McKinsey, BCG, Bain) alone contributed 8% to 10% of offers in each batch.
• Finance/BFSI remains strong (~16–30%), particularly at SPJIMR and IIM
• IT/E-commerce/Product Management roles saw a significant share, especially at IIMB, XLRI, and SPJIMR.
• FMCG/Marketing roles are a major source at XLRI and SPJIMR (~25–33%), but much less at IIM Bangalore.
• General Management, Operations, Healthcare, Manufacturing also consistently appear, though at lower percentages.
• MBB offers (~40–50) and bulge bracket finance roles (Goldman, JPMC) reach top-tier salaries (₹50–100 LPA).
• Trends: Over 2022–25, consulting and finance retained Tech/product roles surged, with sales/marketing roles steady. Operations remained niche (<5%).

Final Takeaway

For aspiring MBA candidates:

• Consulting remains the most sought-after sector across top B-
• Strong presence in Finance/BFSI and growing Tech/Product Management
• Role composition varies—select schools based on your preferred
• Upper echelon roles (MBB, bulge-bracket IB, PM, ) secure highest compensations.