Mumbai, Maharashtra

IIM Mumbai (NITIE)

by Tanaya Ahirrao 84 May 24, 2024

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.

IIM Mumbai Placements 2023

Average Package27.75 LPA
Highest Package78.20 LPA
Average Stipend1.85 Lakh

IIM Mumbai Placements 2022

The placement statistics of IIM Mumbai for 2022 are:

Pre-placement Offers (PPOs)157
Average SalaryINR 25.4 LPA
Highest SalaryINR 49 LPA
Average Salary (Top 10%)INR 45.37 LPA
Average Salary (Top 20%)INR 38.59 LPA
Participating Companies107
Batch CompositionFresh Graduates & Experienced Professionals (Engineering Backgrounds)
Recruiting SectorsE-commerce, Consulting, Manufacturing, Logistics, Luxury Goods, Hospitality, Pharmaceutical, IT, BFSI, Education Technology, Automobile, FMCG, Media
Batch Strength468
First Time Recruiters23
Number of PPOs157
Median SalaryINR 22 LPA

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.

IIM Mumbai Placements: Key Highlights

First Time Recruiters21%
Average Package of Top 20%INR 39 LPA
Average Package of Top 50%INR 31 LPA
Increase in average CTC offered65%
Increase in offers made by consulting firms30%

Top Recruiters Across Sectors

Banking, Finance & Insurance

American ExpressAxis BankFidelity InvestmentICICI BankIDFC First BankKotak Mahindra Bank
Kotak SecuritiesPaytmTATA AIGYes Bank


Accenture S & CAccenture Tech ConsultingKearneyBCNBristleconeDeloitte India
Deloitte USAEYEY GDSInfosys ConsultingKPMGMcKinsey & Co.
MSCIOptum AdvisoryPwC IndiaPwC US Advisory


Asian PaintsBritanniaColgate-PalmoiliveDaburDiageoGodrej Agrovet Limited
HULITCJohnson & JohnsonKimberley ClarkMaricoMars
MondelezP&G;ReckittTata Consumer Products Limited


Accenture DigitalAct FibernetCiscoCognizantGemini SolutionsHoneywall
HP EnterpriseJavisMcKinsey DigitalNetappSignifyWipro


Apollo TyresAtombergBajaj AutoCastrolEverest IndustriesGeneral Electric
John DeereMicronOla ElectricOwens CorningPhilipsPidlite
Reliance IndustriesRPGSamsungSterlite TechTATA DigitalTata Electronics


Allcargo LogisticsLoadshareMahindra LogisticsXpressbees

Pharma & Healthcare

AbbottCiplaDr. Reddy's LaboratoriesGSK Global Capacity CenterSun Pharma

Retail & Ecommerce

AmazonChainanalyticsFlipkartLandmark GroupMeeshoNykaa


Baker HugesIndus TowerTATA PlayUnacademyAvery DennisonVOIS

IIM Mumbai Batch Profile

IIM Mumbai Summer Internship Placements

Here are the details of the summer internship placement for IIM Mumbai's batch of 2023-2025:

Batch Profile

IIM Mumbai Placements: Highlights

Batch strength480
Companies participated165
First time recruiters38
Highest stipend4.80 lakhs
Average stipend2.27 lakhs
Median stipend2 lakhs
Top 10% average stipend4.43 lakhs
Top 20% average stipend4.10 lakhs
Average stipend of female candidates3.17 lakhs
Batch with average stipend 3 lakhs or more37.5%
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.

IIM Mumbai Top Recruiters Across Sectors

Banking, Financial Services & Insurance (BSFI)

Vintage Stock BrokeringD.E. ShawAxis BankKotak Mahindra BankNPCINational Stock Exchange of India Ltd.
Reliance Nippon Life InsuranceStar Union Dai-ichi Life InsuranceGoldman SachsHDFC BankICICI BankIDFC First Bank
YES BankKotak Mahindra Bank


Ernst & YoungAvasantDeloitte USIMcKinsey & Co.Miebach ConsultingPwC
Sahay Consultancy GroupAccenture Strategy & Consulting


AB InBevAmwayBajaj Consumer CareBira91BritanniaCoca-Cola
Colgate-PalmoliveDaburDiageoEmami AgrotechFerreroGeneral Mills
Glanbia Performance NutritionHindustan Coca-Cola BeveragesHimalaya WellnessHygienic Research Institute IndiaHindustan Unilever LimitedITC Limited
Johnson & JohnsonKenvueLorealMaricoMARSMcCain Foods
MondelńďzNestl√©NiveaOrganic IndiaProcter & GamblePepsiCo
Pernod RicardPerfetti VanRed BullZydus WellnessTata Consumer Products LimitedUnited Breweries Ltd.


AirtelAreteMindsePayLaterGyanSysIndkal TechnologiesMedia.Net
MicrosoftOrangewood LabsTCSTata PlayWiproYash Technologies


APL TechnologiesBothra GroupKD Logistics


Apollo TyresAvery DennisonAsian PaintsBajaj AutoBirla PaintsBridgestone
CastrolCumminsDCM ShriramEverest IndustriesGE Vernova, GeStampHero Motocorp
HiltiPhilipsPetronasPidilite IndustriesRelianceIndustries Ltd.Samsung
SKF IndiaTata MotorsTrident GroupUPLVGuardVedanta
Vikram Solar


AbbotBDCiplaDr.Reddy's LaboratoriesGE HealthcareGlenmark
GSKHaelonMSD PharmaPiramal PharmaSun PharmaThyrocare Technologies

Retail & E-Commerce

Aditya Birla Fashion Retail LimitedAmazonBlinkitCaptain FreashDevyani International LimitedFlipkart
Jubiliant FoodworksModenik LifestylePumaRaymondZepto


Adani GroupDharma LifeDQS IndiaGodrejLogitechModroof
Nucleus Office ParksPepperfryPhoenix ComplianceReNewSaregamaTAS
TitanVIP Industries

IIM Mumbai Placements FAQs

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.


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