Indian Institute of Management Bangalore (IIM B)

IIM Banglore Placement 2024: Did you know the toughest IIM to get into is IIM Bangalore? This is because it tends to select only the cream of the nation while considering both, academics, and work experience. In this blog, we’ll look at the placement reports of IIM Bangalore.

Placements for the IIM Bangalore PGP-BA and PGP 2024 cohorts have been completed resulting in 516 students receiving job offers from 163 companies. The placement process ended on February 7 and the median annual salary reported is Rs 32.5 lakhs.

IIM Bangalore Placement 2024: Highlights

The placement week ended on February 7, 2024 with 503 students getting placed during the primary placement week while the remaining 13 students found placements later on through subsequent rounds.

The following data is a comprehensive overview of the placement report for IIM Bangalore's 2024 cohort:

• Total students placed: 516
• Total number of firms making offers: 163
• Median Annual Salary offered: INR 32.5 LPA
• Consulting emerged as the top sector offering placements.
• Accenture made highest offers i.e. 58 offers across its three units – Global Networks, India Markets Unit, and Data & AI.

Location-Wise Placement Breakup

Also Read, IIM Bangalore Admission

 IIM Bangalore Summer Placements 2024

With the end of the summer placement season, IIM Bangalore can now look back on another fruitful chapter in its history. This year's biggest batch had a 100% placement rate that broke previous records, landing internships in a variety of sectors. Let's check out the fascinating options that presented themselves to the IIMB students in more detail:

January 30, 2024, marked the conclusion of the summer internship placement at the Indian Institute of Management Bangalore (IIM Bangalore) for the PGP batch of 602 eligible students MBA for and MBA (BA).

The summer internship placement process was conducted from the 6^th to the 11^th of November 2023. 484 students were placed during this process including 437 MBA and 47 MBA (BA) students. 115 students were placed following the rolling placement procedure, of whom 89 were PGP and 26 PGP-BA.

"The rolling summer placements saw many first-time recruiters offering roles in strategy, marketing, products, finance, analytics, and investments – some of the projects offered were more interesting and challenging than those offered during the summer placement week," stated Prof. Ganesh N Prabhu, chairperson of Career Development Services and faculty member of IIM Bangalore's Strategy area.

Offers From Various Industry

Consulting

The highest number of offers came from consulting organisations (158), with Accenture Strategy making a record of 45 offers. However, the percentage of students interning in consulting decreased somewhat this year due to the high volume of offers (130) from highly sought-after finance, banking, and investing firms. 69 offers were made by retail and FMCG companies hoping to fill marketing positions. Manufacturing companies made 55 offers, most related to supply chains and new product introduction. The digital marketing and card industries accounted for 45 bids from e-commerce and payment companies. 43 offers were made by IT-related companies in fields including product management and IT consultancy.

Among the student population, consulting attracted the largest percentage with 158 offers from 20 major businesses, making it the obvious winner. These included well-known behemoths like Boston Consulting Group (17), Bain & Company (17), and Accenture Strategy (45 offers), as well as up-and-coming firms like EY Parthenon (15) and TCS Strategic Leadership Programme (11). This pattern emphasises how important it is to have strategic thinking and problem-solving abilities in the fast-paced corporate environment of today.

Others

Though consultancy took the front stage, there was also a great deal of engagement from other businesses. There were 130 placements in the financial and banking industry, with well-known companies including PwC (12), Goldman Sachs (7), and JP Morgan Chase (7) at the top of the list. Furthermore, a sizable number of students looking for a variety of professional pathways were drawn to the FMCG/Retail (69 offers), Manufacturing/Construction/Energy (55 offers), and IT/Software/Security (43 offers) categories.

Numerous businesses showed their dedication to luring IIMB's outstanding talent by emerging as top recruiters in several different industries. Tata Steel (10 offers) and Asian Paints (5 offers) led the way in manufacturing/construction/energy, while Hindustan Unilever (10 offers) and Procter & Gamble (9 offers) topped the FMCG/Retail area. Pinelabs (7 offers) and Google (6 offers) have shown themselves to be highly sought-after employers.

Also Read, IIM Banglore Cut offs

IIM Bangalore Placement Reports 2023

The final placement for the batch of 2024 has not taken place yet. Let's look at the final placement reports for 2023 for IIM Bangalore!

The highest number of offers from an industry, i.e. 158, were made for the roles of Management Consulting.

539 offers were made for 530 students out of which 529 accepted the final placement offers while 1 student opted out of it.

IIM Bangalore Placement Reports: Past 3 Year Trends

Let's compare the final placement reports of 2024, 2023 and 2022:

Here are the highlights from the comparison above:

• There is a decrease of 10% in the number of offers made in 2023
• The number of companies coming to the campus has decreased by 20%
• There is a staggering 50% drop in the number of lateral placements as compared to last year.

Notable Recruiters in IIM Bangalore

Following were the top recruiters in the final placements:

Pre-placements

1. The Boston Consulting Group (20)
2. Bain & Company (18)
3. Accenture Strategy CN (11)
4. McKinsey & Company (11)
5. Microsoft (8)
6. Accenture Strategy IMU (6)
7. Alvarez & Marsal (6)
8. Amazon - AWS Consulting (6)
9. American Express (6)
10. Kearney (6)
11. Navi Group (5)

Lateral Placements

1. Paytm 9
2. Cogoport 8
3. EXL Services 7
4. Jio Platform 5
5. Lodha Group 5
6. American Express 4
7. Brillio 4
8. Zomato 4

Final Placements

1. The Boston Consulting Group 26
2. Bain & Company 22
3. Accenture Strategy CN 22
4. Tata Consultancy Services 18
5. McKinsey & Company 16
6. American Express 15
7. Ernst & Young India 14
8. Cogoport 11
9. Microsoft 10
10. EXL Services 10
11. PwC India 9
12. Paytm 9

Key Highlights 

After comparing the top recruiters of 2023 with 2022, we found some amazing highlights:

• Goldman Sachs was a top recruiter in 2022. However, there is no mention of this company in 2023
• The average salary has increased by 5-6% in 2023 as compared to 2022
• The median salary has increased.

Sector-Wise Break-up

Here's the visual chart of sector-wise break-up for your better understanding:

IIM Bangalore Executive MBA Placements 2023

We have also shared the information for EPGP placements below:

The average salary for EPGP in 2023 was Rs. 33.07 lakhs while most number of students got a salary of Rs. 33.07 lakhs.

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IIM Bangalore Placements - Frequently Answered Questions

What is the highest package for IIM Bangalore 2023?

Rs. 1.15 Cr was the highest package for IIM Bangalore.

What is the average package for IIM Bangalore?

The average package for IIM Bangalore in 2024 was Rs. 32.50 lakhs.

Which IIM has the highest CTC?

IIM Ahmedabad, Calcutta and Bangalore have consistently given the highest placement to their MBA students.

Why IIM Bangalore fee is so high?

IIM fees are high because their private bodies fund their institute primarily through tuition fees. They do not receive funding from government bodies as IITs do.