IIM Nagpur Placement Report 2024
The Indian Institute of Management Nagpur (IIM Nagpur) has successfully concluded the final placement process for its MBA batch of 2022-2024. This year, the institute has set new benchmarks in terms of placement statistics, reflecting the growing confidence of recruiters in the quality of talent at IIM Nagpur.
Key Highlights of IIM Nagpur Placements 2022-2024
Total Students Participating: 255
New Recruiters: 62
Highest CTC: ₹38.40 LPA
Average CTC: ₹16.29 LPA
Median CTC: ₹16 LPA
The placement drive saw participation from a diverse array of industries, with prominent sectors including Consulting, BFSI, ITES, Manufacturing, FMCG/FMCD, and Conglomerates. Top recruiters such as BNY Mellon, Aditya Birla Capital, ICICI Bank, Adani, Coca-Cola, John Deere, Nexdigm, Vedanta, VI-JOHN Group, ADP, Deloitte, CCIL, Haldirams, Nucleus Software, TVS Motors, Bandhan Bank, and many others offered various roles to the students.
Sector-Wise Breakdown
- BFSI: 31.00%
- IT/ITES: 33.50%
- Consulting: 13.80%
- Manufacturing: 12.00%
- FMCG & FMCD: 3.10%
- Conglomerates: 2.89%
- Pharmaceutical, Marketing & Real Estate: 2.27%
- E-Commerce & Logistics: 1.44%
Domain-Wise Distribution
- General Management: 18.49%
- Strategy & Consulting: 17.05%
- Sales & Marketing: 14.88%
- IT & Analytics: 13.64%
- Product Management: 11.92%
- Finance: 11.57%
- Operations: 10.92%
- HR: 1.53%
Top Roles Offered at IIM Nagpur
The most preferred roles among students were in General Management, Strategy & Consulting, IT & Analytics, Sales and Marketing, Finance, Operations, and Product Management, with HR roles also attracting significant interest. Key profiles offered included Product Manager, Area Sales Manager, Retail Banker, Supply Chain Consultant, Analytics Consultant, and New Product Development Manager.
Impressive Salary Statistics
The average CTC for the batch stood at ₹16.29 LPA, with the top 50% of the batch securing an average CTC of ₹19.49 LPA. The top 25% and top 10% of the batch received an average CTC of ₹22.04 LPA and ₹24.27 LPA, respectively. These figures reflect a 3.1% increase in the average CTC for the top 50% of the batch compared to previous years.
Gender Diversity and Academic Background
The batch of 255 students exhibited a balanced gender diversity and came from varied academic backgrounds, including Electronics, Electrical Engineering, Commerce, Finance, Computer Science, Mechanical Engineering, Civil Engineering, Business Management, and others.
IIM Nagpur Placement Report 2023
IIM Nagpur Placement Report of 2021-2023 batch is out. 236 students appeared for the final placements. The list of prominent recruiters included ICICI, Microsoft, Adani, Indus Valley, HDFC Bank, Deloitte, KPMG, HCL Tech, Yes Bank, ADP, etc. The average salary increased by 10.06% and median salary by 9.27%.
- No. of students: 236
- Freshers: 32% of the batch
The Average Salary offered was Rs. 16.74 LPA, the Median Salary was Rs. 16.85 LPA and Highest Salary was Rs. 64 LPA.
- No. of students: 200
- Gender Ratio(M:F): 78.57:21.43
- Average Work Experience: 30.6 months
- Average age: 25 years
The Average Salary offered was Rs. 15.21 LPA, the Median Salary stood at Rs. 15.42 LPA and Highest Salary at Rs. 31.54 LPA. The top 50% of the batch received an Average Salary of Rs. 17.21 LPA. The top 10% of the batch received an Average Salary of Rs. 22.19 LPA. IIM Nagpur has witnessed an increase in the Average Salary by 15.12% & increase in Median by 18.62%.
Top job profiles offered include Management Consulting, Product Management, Risk advisory, Key Account Management, Retail Banking, Supply Chain consultant, International Banking, New Product Development, etc.
| Batch | 2019-2021 | 2020-2022 |
| Highest Salary | Rs. 19.20 LPA | Rs. 31.54 LPA |
| Median Salary | Rs. 13 LPA | Rs. 15.42 LPA |
| Average Salary | Rs. 13.21 LPA | Rs. 15.21 LPA |
This article is all about the Indian Institute of Management Nagpur (IIM N or IIM Nagpur). The city known for oranges is now one of the destinations where the IIM league has laid its foundation.
It started under the mentorship of IIM Ahmedabad in the year 2015. Its campus was located within the VNIT Nagpur campus. It has recently moved to a new campus that spread across 135 acres in Mihan, Nagpur.
IIM Nagpur Courses Offered
- MBA
- Doctoral(Ph.D.)
- Executive MBA
IIM Nagpur Fees and Intake
The 2 year fee of IIM Nagpur is Rs. 18,00,000/-
The intake at IIM Nagpur is given below as per different categories:
| category | Seats |
|---|---|
| General | 97 |
| EWS | 24 |
| NC-OBC | 65 |
| SC | 36 |
| ST | 18 |
| DAP (Horizontal Reservation across categories) | 12 |
| Total Seats | 240 |
IIM Nagpur Admission Process
Exam accepted – CAT
Basically, there are 3 stages of admission. Shortlisting on the basis of CAT Cut Off, then Past Academics and Work Experience and finally a student goes through a Personal Interview and Written Ability Test.
Stage 1 – Shortlisting on the basis of Cut-off percentile
| Category | Seats | VARC | DILR | Quant | Overall |
| General | 97 | 72 | 72 | 72 | 85 |
| EWS | 24 | 72 | 72 | 72 | 85 |
| NC-OBC | 65 | 65 | 65 | 65 | 76.5 |
| SC | 36 | 50 | 50 | 50 | 60 |
| ST | 18 | 35 | 35 | 35 | 40 |
| DAP (Horizontal Reservation) |
12 | 35 | 35 | 35 | 40 |
Stage 2 – Evaluation based on Past Academic Performance (PAP), Work Experience (WE), Diversity
a. CAT score
CAT Score= (Total CAT score obtained by the candidate/Maximum total CAT score+) *10
b. Academic Performance
10th Rating Score
| Percent score | Rating Score (A) |
|---|---|
| <= 55 | 1 |
| > 55 and <= 60 | 3 |
| > 60 and <= 70 | 4 |
| > 70 and <= 80 | 5 |
| > 80 and <= 90 | 9 |
| > 90 | 10 |
12th Rating Score
| Percent score | Rating Score (B) |
|---|---|
| <= 55 | 1 |
| > 55 and <= 60 | 3 |
| > 60 and <= 70 | 4 |
| > 70 and <= 80 | 5 |
| > 80 and <= 90 | 9 |
| > 90 | 10 |
Graduation Rating Score
| Percent score | Rating Score (C) |
|---|---|
| <= 55 | 2 |
| > 55 and <= 60 | 4 |
| > 60 and <= 65 | 6 |
| > 65 and <= 70 | 9 |
| > 70 | 10 |
PAP = (0.25*A+0.35*B+0.40*C)
c. Work Experience
| Experience in months | Rating Score (WE) |
|---|---|
| x<6 | 0 |
| 6<=x<12 | 4 |
| 12<=x<18 | 8 |
| 18<=x<24 | 10 |
| 24<=x<30 | 6 |
| 30<=x<36 | 2 |
| x>=36 | 0 |
d. Diversity (DI)
Students will be shortlisted for the Personal Interview on the basis of the Comprehensive Score.
Comprehensive Score (CS) = 0.30 * ( CAT Score) + 0.35 * (PAP Score) + 0.20 * (WE Score) + 0.15 * (DI Score)
Stage 3 – Personal Interview
After the personal interview, the Final Score will be calculated as follows:
Final Score(FS) = (0.40* (PI Score) + 0.15* (CAT Score) + 0.15 * (PAP Score) + 0.15 * (WE Score) + 0.05* (GDI Score))/0.9
Tipani
IIM N is new in the league but the current placement statistics are good considering the IIM tag. It also gets the added advantage of mentorship provided by IIM Ahmedabad which many students consider as a reason to choose IIM N against other new IIMs. The hostel facility is very good.
There are many other options to be considered in comparison to IIM N like IMI Delhi, MICA, TAPMI, etc. providing a similar average salary. The closest competitors like IIM Visakhapatnam and IIM Amritsar are also good options to look out for if you are sure of getting into the Baby IIM league.
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