IIM Mumbai Placements: We have seen IIM Mumbai's distinguished history, academic offerings, and admission requirements. Let's now change our focus and examine placements and summer internships, which are essential for all MBA candidates. A top-tier MBA is an investment, after all, and IIM Mumbai provides an excellent return on that investment. Particularly when you consider that its programme fees are relatively lower than those of other leading IIMs (as mentioned in the college details section). However, the real worth is found in the career opportunities that arise from being admitted to this esteemed university.
This blog provides information on IIM Mumbai's placement history and summer internship programmes. We'll look at the kind of businesses that hire here, the industries they serve, and the typical compensation ranges provided.
IIM Mumbai Placements
IIM Mumbai is a prestigious institute known for its academic excellence and exceptional career placements. The placement process begins with Pre-Placement Talks (PPTs), where companies present their growth trajectory and career opportunities. These interactive sessions allow students to connect with company representatives and showcase their communication skills.
Live Projects, also known as Winter Internships, provide industry exposure, skill development, and employer evaluation. The core recruitment process consists of summer internships and final placements, with the Lateral Recruitment Process (LRP) catering to students with a minimum of 20 months of work experience and the Common Recruitment Process (CRP) focusing on freshers and students with less than 20 months of experience.
Case competitions help students test their skills, develop strategy and communication, and showcase their potential. The placement journey begins with a proactive approach, including participating in PPTs, leveraging Live Projects, networking with company representatives, and showcasing talent in case competitions.
Through a variety of B-school contests and the acquisition of 157 PrePlacement Offers from their summer internship organisations, NITIE concluded their lateral placements. The Class of 2022 consisted of a well-balanced mix of recent graduates and seasoned professionals with a range of engineering backgrounds from esteemed universities such as IITs, NITs, BITS Pilani, and others.
Companies from the following industries participated during the season: pharmaceutical, IT, BFSI, FMCG, e-commerce, consulting, manufacturing, logistics, luxury goods, hospitality, and media.
107 businesses in all took part in this year's final placing season. The highest package was INR 49 LPA, while the average package for the batch's top 10% was 45.37 LPA and the top 20% of the group with 38.59 LPA in INR. The average compensation for the entire cohort was INR 25.4 LPA, and Pre-Placement Offers (PPOs) were given to 33% of the 2022 cohort.
Here are the details of the summer internship placement for IIM Mumbai's batch of 2023-2025:
Batch Profile
IIM Mumbai Placements: Highlights
Batch strength
480
Companies participated
165
First time recruiters
38
Highest stipend
4.80 lakhs
Average stipend
2.27 lakhs
Median stipend
2 lakhs
Top 10% average stipend
4.43 lakhs
Top 20% average stipend
4.10 lakhs
Average stipend of female candidates
3.17 lakhs
Batch with average stipend 3 lakhs or more
37.5%
There are 480 students in the Class of 2025 at IIM Mumbai, representing a range of technical backgrounds and includes both recent graduates and seasoned professionals from prestigious schools like the IITs, NITs, BITS, etc. The success of the programme is largely due to the rich learning environment that this broad combination of expertise guarantees.
A wide range of industries, including BFSI, consulting, education technology, e-commerce, FMCG, finance, hospitality, IT, logistics, luxury goods, manufacturing, marketing, and sales, pharmaceutical, were represented at the placement season. This wide spectrum of sectors highlights the program's applicability and relevance in the fast-paced corporate world of today. The summer internship placement drive attracted 165 companies, demonstrating a high level of industry interest in the program's students. The highest stipend was INR 4.80 Lakh, demonstrating the program's capacity to draw in well-paying employment prospects. The top 10% of the cohort received an average stipend of INR 4.43 lakh, while the top 20% received an average of INR 4.10 lakh. INR 2.27 lakh was the average stipend for all candidates, with female candidates receiving an average of 3.17 lakh.
Q. What is the highest package for IIM Mumbai placements 2023?
A. The highest package for full-time placements at IIM Mumbai was INR 78.20 lakhs per annum.
Q. What is the package of summer internship at IIM Mumbai?
A. The highest stipend offered to IIM Mumbai interns was INR 3.2 lakhs for a duration of 2 months.
Q. What is the placement of IIM Mumbai campus in 2023?
A. At IIM Mumbai, the highest full-time placement package was INR 78.20 lakh per annum (LPA), while the average package was INR 27.75 LPA. 46 new recruiters were among the 161 recruiters that took part in the placement process overall.
Q. What is the return on investment at IIM Mumbai?
A. The ROI (return on investment) of the Indian Institute of Management, Mumbai (IIM Mumbai) is around 200%. The cost of the MBA programme at IIM Mumbai is around INR 22,00,000, which covers housing, other related charges, and tuition. The yearly budgetary allotment and other reasons, however, may cause the fees to alter.
Q. What are the placement highlights of IIM Mumbai in 2023?
A. The average full-time placement package at IIM Mumbai in 2023 was INR 27.75 LPA, while the maximum offer was INR 78.20 LPA. For the 2023 cohort of interns at IIM Mumbai PGP, the average stipend awarded was INR 1.85 lakh for a two-month period.
