IIM Indore Placement Report 2024
The placement season at IIM Indore for 2024 reflects the institute’s growing influence and trust within the corporate world. With stellar placement statistics across both its flagship programs, the Postgraduate Programme in Human Resource Management (PGP-HRM) and the Postgraduate Programme (PGP), IIM Indore continues to uphold its status as one of the top management institutions in India.
Let’s dive deep into the placement highlights, industry trends, key recruiters, and salary statistics from the IIM Indore Placement Report 2024 for both the PGP-HRM and PGP-IPM batches.
PGP-HRM Placement Overview (2022-24 Batch)
The PGP-HRM program at IIM Indore has continued to carve its niche in the industry, with companies across diverse sectors showing interest in hiring HR professionals. The batch of 2022-24 witnessed strong participation from 70+ recruiters, and the placement season was characterized by roles in Human Resources across sectors such as BFSI, Consulting, Manufacturing, Pharmaceuticals, IT/ITES, Oil & Gas, and more.
Key statistics for PGP-HRM placements:
- Highest CTC: INR 33.6 LPA
- Average CTC: INR 22 LPA
- Median CTC: INR 20.5 LPA
- Top 25% average salary: INR 30.5 LPA
- Top 50% average salary: INR 27.4 LPA
The major recruiters for this season included Deloitte USI, HPCL Rajasthan Refinery, ONGC Videsh, JSW, and FedEx. Companies from the Consulting and BFSI domains, such as SBI Securities and IDFC First Bank, made notable offers to the students.
PGP and IPM Placement Overview (2022-24 Batch)
For the PGP-IPM batch, comprising 594 students, the placement season saw participation from 150+ recruiters, and the batch achieved a 100% placement rate despite challenging economic conditions. The strength of IIM Indore’s PGP program lies in its diverse industry partnerships, spanning sectors like Consulting, BFSI, Manufacturing, E-commerce, Healthcare, Technology, and more.
Key statistics for PGP-IPM placements:
- Highest CTC: INR 1 Crore per annum
- Average CTC: INR 25.68 LPA
- Median CTC: INR 24.50 LPA
- Top 100 average salary: INR 37.33 LPA
- Top 200 average salary: INR 32.91 LPA
IIM Indore Sector-wise Placement Breakdown
IIM Indore’s batch was recruited for a wide range of roles across sectors. The breakdown of roles offered during the placement season highlights the dominant sectors that attracted the top talent.
| Sector | PGP-HRM % Offers | PGP-IPM % Offers |
|---|---|---|
| Consulting | 23.5% | 25% |
| IT/ITES | 23.5% | 19% |
| BFSI | 18% | 19% |
| Manufacturing | 13% | 14% |
| Others | 22% | 23% |
Major Recruiters and Roles Offered
Consulting Domain
Consulting remains one of the top choices for students at IIM Indore. A large portion of the students received offers from prominent consulting firms such as:
- Accenture Strategy, Boston Consulting Group (BCG), Bain & Company, Deloitte USI, EY, PwC.
Roles offered in this domain included:
- Strategy Consulting
- Operations Consulting
- AI Transformation
- Risk Advisory.
IT/Analytics Domain
The tech sector played a significant role in placements, with leading companies like Amazon, Capgemini, Microsoft, and Wipro hiring for roles in Data Analytics, Product Management, and Business Transformation.
Finance Domain
Students securing finance roles were placed in renowned firms such as Goldman Sachs, JPMorgan Chase, Deutsche Bank, Citi, and HSBC. Roles in Investment Banking, Corporate Banking, Wealth Management, and Risk Analytics were highly sought after.
PGP-HRM Batch Profile
The PGP-HRM batch comprised 39 students with a rich diversity in educational backgrounds and work experience.
| Work Experience | Percentage of Students |
|---|---|
| Freshers | 47% |
| 1-18 Months | 3% |
| 18-24 Months | 18% |
| 24-30 Months | 8% |
| 30+ Months | 24% |
The academic background of students was equally diverse, with participants from fields like Engineering, Commerce, Law, Humanities, and Medical Sciences. This diversity added to the batch’s overall strength and contributed to the program’s success during placements.
Noteworthy Trends in Placement Season 2024
- Growing Demand for Tech-Savvy HR Professionals: The integration of HR with data analytics and psychometrics is becoming increasingly prevalent. The PGP-HRM students at IIM Indore were trained in tools like SPSS, Tableau, and Power BI, making them highly competitive in the job market.
- Consulting Remains the Top Sector: Both the PGP and PGP-HRM batches saw a large portion of students opting for consulting roles. Consulting firms expanded their service lines to offer specialized roles beyond traditional strategy consulting.
- Highest CTCs Across Programs: The PGP-IPM batch saw the highest offer of INR 1 Crore from the Consulting sector, while the PGP-HRM program reported a maximum offer of INR 33.6 LPA.
- Industry Resilience Despite Economic Slowdown: Despite the ongoing economic challenges, IIM Indore’s placement performance remained robust, with new recruiters such as CAMS, Navi, Polestar, and ThoughtFocus participating for the first time.
Conclusion
The IIM Indore Placement Report 2024 showcases the institute’s ability to attract top recruiters and deliver outstanding placement results even in a challenging economic environment. The comprehensive placement process highlights IIM Indore’s stature as one of the top business schools in India.
With stellar salary packages, diverse roles, and strong industry connections, the placement season not only reflects the academic rigor but also the practical relevance of the programs offered by IIM Indore. For aspiring MBA students, the 2024 placement report further cements IIM Indore’s place as a leading choice for management education in India.
IIM Indore is one from the Old IIM League. It is second IIM to earned three renowned international accreditations- AACSB (Association to Advance Collegiate Schools of Business), EQUIS (EFMD Quality Improvement System) and Association of MBAs, London (AMBA-UK based accreditation agency). It provides regular MBA and MBA HRM programs. It also runs 5-year Integrated Program in Management(IPM). It as recently modified the selection criteria giving only 20% weightage to CAT 2022 score in shortlisting process. 74% weightage to class 10 and 12.
IIM Indore Fee
The total number of seats at IIM Indore exceed 500. The MBA fee at IIM Indore for the course of 2 years is Rs. 22 lakh. This includes accommodation and mess charges. The MBA HRM fee at IIM Indore is Rs. 18 lakh for the course of 2 years.
IIM Indore Admission Process
Stage 1 – Shortlisting Process
The minimum CAT 2022 percentile criteria for Stage 1 shortlisting is given in table below:
|
Category
|
VARC
|
DILR
|
Quant
|
Overall CAT 2022 Percentile Cut-off
|
|
General
|
80
|
80
|
80
|
90
|
|
EWS
|
80
|
80
|
80
|
90
|
|
NC-OBC
|
70
|
70
|
70
|
80
|
|
SC
|
55
|
55
|
55
|
60
|
|
ST
|
45
|
45
|
45
|
50
|
|
PWD
|
45
|
45
|
45
|
50
|
Stage 2 – Personal Interview and WAT
Sufficient number of candidates for PI for each category (General, EWS, NC-OBC, SC, ST and PwD) will be shortlisted using the merit list generated based on Composite Score (CS)
| Components | Score |
| 10th Standard/ SSC Score | 34*[(Zcandidate-Zmin)/(Zmax-Zmin)] |
| 12th Standard/ HSC Score | 40*[(Zcandidate-Zmin)/ (Zmax-Zmin)] |
| CAT 2022 Overall Score | 20*(Candidate’s CAT overall Score/ Highest CAT overall Score) |
| Diversity Factor (DF) | 6 |
| Composite Score | = Sum of the above Scores |
Stage 3 – Final Merit List
|
Parameter
|
Weightage
|
|
CAT Score
|
20
|
|
Personal Interview (PI)
|
40
|
|
Written Ability Test (WAT)
|
20
|
|
Class 10 Marks
|
10
|
|
Class 12 Marks
|
10
|
|
Total
|
100
|
| Batch | 2019-2021 | 2020-2022 |
| Highest Salary | Rs. 56.8 LPA | Rs. 49 LPA |
| Median Salary | Rs. 22.6 LPA | Rs. 24.09 LPA |
| Average Salary | Rs. 23.60 LPA | Rs. 25.01 LPA |
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