IIM Mumbai Placements 2024 has been concluded. IIM Mumbai highest package stood at INR 54 LPA whereas IIM Mumbai average package for the top 50% of the batch stood at INR 33.84 LPA. A total of 180 recruiters including 67 recruiters participated in IIM Mumbai Placements 2024. Some of the top recruiters included American Express, Accenture, Axis Bank, Abbott, Cipla, Wipro etc. The highest number of the students were placed in the Manufacturing sector (19%).
IIM Mumbai Summer Internship Placements 2025 has been concluded with 480 students. IIM Mumbai highest stipend stood at INR 4.80 Lakhs per month while IIM Mumbai average stipend stood at INR 2.27 Lakhs per month.
Table of Content
Particulars | Placements Statistics (2022-24) | Placements Statistics (2021-23) |
---|---|---|
No. of Recruiters | 180 | 161 |
First - Time Recruiters | 67 | 46 |
No. of Students Placed | 446 | 129 |
Number of PPOs | 170 | - |
Highest Package | INR 54 LPA | INR 78.20 LPA |
Average Package | NA | INR 27.57 LPA |
Median Package | NA | - |
Average Package of the top 20% of the batch | INR 40.71 LPA | - |
Average Package of the top 50% of the batch | INR 33.84 LPA | INR 34.04 LPA |
Major Sectors | Manufacturing, Consulting | Consulting, FMCG, Retail & E-Commerce |
Top Companies | American Express, Accenture, Axis Bank, Abbott, Cipla, Wipro | Apple, Accenture Strategy, Zepto, Wipro |
The below table represents the salary statistics of IIM Mumbai Placements 2024:
Particulars | Salary Statistics |
---|---|
Top 10% Average Package | INR 47.29 LPA |
Top 20% Average Package | INR 40.71 LPA |
Top 50% Average Package | INR 33.84 LPA |
Average Package for PPOs | INR 29.44 LPA |
Median Package for PPOs | INR 28 LPA |
The below table represents the sector - wise average package of IIM Mumbai:
Sector | Average Package |
---|---|
Retail & E-Commerce | INR 34.84 LPA |
Consulting | INR 31.30 LPA |
FMCG | INR 30.83 LPA |
Others | INR 27.11 LPA |
The below table represents the sector - wise placement statistics of IIM Mumbai:
Sector | Percentage of Students |
---|---|
Manufacturing | 19% |
Consulting | 18% |
FMCG | 10% |
IT / Product Management | 13% |
Retail & E-Commerce | 10% |
BFSI | 10% |
Pharma | 3% |
Others | 11% |
The below table represents the year - wise placement trends of IIM Mumbai :
Particulars | 2021-23 | 2020-22 | 2019-21 | 2018-20 | 2017-19 |
---|---|---|---|---|---|
Highest Package | INR 78.20 LPA | INR 49 LPA | INR 44 | INR 58.24 LPA | INR 46.5 LPA |
Average Package | INR 27.57 LPA | INR 25.40 LPA | INR 19.50 LPA | INR 21.82 LPA | INR 20.56 LPA |
As per the Information collected by Collegedunia, the maximum number of students were placed in the consulting sector (40) followed by FMCG Sector (30) and the highest package of INR 78 LPA was offered by Apple. In terms of median package, the consulting sector is the most lucrative for graduates, with a significant advantage over other sectors.
The following is the sector wise analysis for the batch 2023 at IIM Mumbai :
Sectors | Number of Students Placed | Package Range |
---|---|---|
Consulting | 40 | INR 17 - 45 LPA |
FMCG | 30 | INR 20 - 35 LPA |
Retail / E-Commerce | 19 | INR 22 - 49 LPA |
Others | 40 | INR 20 - 78 LPA |
The following table represents the consulting sector placements for the batch 2023 at IIM Mumbai :
Name of the Compnay | Number of Students Placed | Package offered |
---|---|---|
Accenture Strategy | 12 | 35-45 |
Acuvon Consulting | 2 | 17 |
Deloitte India | 9 | 23-31 |
Deloitte USI | 14 | 23-31 |
EY | 6 | 21-23 |
Genpact | 2 | 19-24 |
Kearney | 3 | 22-24 |
KPMG | 4 | 25-30 |
McKinsey | 4 | 20 |
PwC India | 15 | 20-25 |
ZS Associates | 1 | 20 |
TAS | 3 | 25 |
Infosys Consulting | 3 | 18-24 |
The following table represents the FMCG sector placements for the batch 2023 at IIM Mumbai :
Name of the Company | Number of Students Placed | Package Range |
---|---|---|
American Express | 1 | 28-33 |
Dabur | 2 | 31-35 |
Fidelity | 2 | NA |
Kotak Mahindra Bank | 8 | 20 |
L'Oréal | 2 | NA |
Marico | 1 | NA |
P&G | 5 | 30-31 |
Pernod Ricard | 3 | 27 |
Pidillite | 1 | NA |
Yes Bank | 3 | 20-23.5 |
AB InBev | NA | 24 |
ITC | 2 | 32-33 |
The following table represents the Retail / E-Commerce sector placements for the batch 2023 at IIM Mumbai :
Name of the Company | Number of Students Placed | Package Range |
---|---|---|
Flipkart | 6 | 22-25 |
Prozo | 2 | 28.5 |
Walmart | 1 | NA |
Amazon | 10 | 44-49 |
The following table represents the other sector placements for the batch 2023 at IIM Mumbai :
Name of the Company | Number of Students Placed | Package Range |
---|---|---|
TAS | 3 | 25 |
Accenture Technology | 3 | 23-32 |
Delivery | 2 | NA |
GE | 1 | 22 |
Samsung | 1 | 25 |
Schneider Electric | 1 | 21.5 |
Shadowfax | 1 | 20 |
Wipro | 4 | 20 |
Zepto | 2 | 35 |
Apple | 1 | 75-78 |
RIL | 5 | 24 |
Adani | 5 | 22-24 |
UPL | 2 | 20 |
GAVL | NA | 20 |
DRL | 9 | 22.5 |
Jio | 3 | 26-31 |
IIM Mumbai Summer Internship for batch 2025 is as follows:
Particulars | Internship Statistics 2025 | Internship Statistics 2023 |
---|---|---|
No. of Recruiters | 165 | 128 |
First - Time Recruiters | 38 | 21 |
No. of Students Placed | 480 | 494 |
Highest Stipend | INR 4.80 Lakhs for 2 months | INR. 3.50 Lakhs for 2 months |
Average Stipend | INR 2.27 Lakhs for 2 months | INR 1.85 Lakhs for 2 months |
Median Stipend | INR 2 Lakhs for 2 months | INR 2 Lakhs for 2 months |
Major Sectors | Manufacturing, FMCG | BFSI, Consulting |
Top Companies | ABInBev, Amazon, Adani Group, E&Y, KPMG, McKinsey & Co., PwC | Asian Paints, Britannia, Colgate-Palmolive, Godrej Consumer Products Limited, HUL, American Express, Axis Bank |
The below table represents the sector - wise statistics of IIM Mumbai Summer Internship Placements 2025:
Sector | Percentage of Students |
---|---|
Manufacturing | 25% |
FMCG | 23% |
E-Commerce | 10% |
Consulting | 9% |
BFSI | 9% |
IT / Technology | 7% |
Pharma | 7% |
Others | 10% |
The below table represents the 2023-25 batch profile of IIM Mumbai Summer Internship Placements:
Name of Organizations | Number of Alumni |
---|---|
Amazon | 235 |
Procter & Gamble | 204 |
Accenture | 197 |
Deloitte | 184 |
IIM Mumbai | 174 |
Unilever | 131 |
EY | 118 |
Flipkart | 113 |
Tata Consultancy Services | 95 |
Mondelez International | 90 |
PwC India | 71 |
Axis Bank | 67 |
Cognizant | 66 |
ITC Limited | 64 |
Asian Paints | 59 |
Ques. What is the average Package offered during the 2024 IIM Mumbai placements?
Ans. According to the placement report, the average package for the top 50% batch for IIM Mumbai students in 2024 was INR 33.84 LPA.
Ques. How many recruiters hired during the IIM Mumbai 2024 placements?
Ans. As per the latest placement statistics published by IIM Mumbai, 180 companies participated, with 67 new recruiters successfully during the IIM Mumbai placements.
Ques. Where do graduates of IIM Mumbai work?
Ans. Recent graduates and Alums of IIM Mumbai work in a variety of fields, including Engineering, Business Development, Information Technology, Consulting, Finance, Banking, and Sales.
Ques. What are the placement statistics at IIM Mumbai?
Ans. Students at IIM Mumbai have been offered an INR 54 LPA as an highest package.
Ques. What are the Internship stats of IIM Mumbai ?
Ans. IIM Mumbai has been able to acquire some of the best internships for its students with an average stipend of INR 2.27 Lakhs and the Highest stipend stood at INR 4.80 Lakhs.
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Internship placements from September Final Placements from November Highest Package of SIP = 2.5 lac/month Average package = 1.25 lac/month Highest pakcage of Final = 78 lac/month Average package of final = 27 lac/month
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Average package in consulting is 31 lac, For other firms 28 lac placement is there! Placements are done through campus only. Companies like Amazon, flipcart, deolite come for campus recruiting process, and100% students are getting placed here.
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The college provides placement assistance and gives 100% placement assistance. There is a dedicated committee for placements responsible for calling all the companies and discussing the compensation with them. The highest package offered is 70 lakhs per annum, and the average package is 27 lakhs per annum. A variety of companies visit campus, including companies from Consulting, Finance, HR, Marketing and Supply Chain profiles. I am planning to get a placement from college and pursue my corporate life in my area of interest.
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in the first semester, there is SIP, then the final placements, which start around November. there are all big players coming to NITIE but FMCG companies are abundant. The Big 4 and Mckiensy also visits for consulting. there are about 500 offers made. Highest Package: 78.2 LPA Average Package: 26.8 LPA Profiles tend to be supply chain related but not limited to it. 100% of students get placed. To enter into a big consulting firm and thereafter become a partner of it.
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Generally, students are eligible for the placements after 3rd Trimester. Companies from various sectors like FMCG, Mfg, Tech, Banking, and Consulting visit the campus for the final placements. Each year around 19-20 nos. companies visit for finals The highest Package for the last year 2022 was 54 Lpa and the average was 25.63 Lpa. The profiles offered are Management Consultant, Product Manager, Supply Planning Manager, Demand Planner, etc. 100% placement is recorded every year. I want to be in a consulting role after graduating from the institute.
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Placements are better than most of the IIMs. NITIE is always known for good placements. Every year 100% placements are given to students with a wide variety of sectors and profiles. The average package is around 25.4 Lakhs per year. Internship Opportunities are best compared to IIMs.
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Summer placements start as soon as you enter college. Full-time assistance is provided not only by the faculties but by our seniors as well, who've already gone through the process. Final placements start in the month of November, and mostly the batch gets placed within 3 months time. 150+ companies visit on campus
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The placements in college are top-notch. Students get eligible for campus placements from the third semester after their summer internships. All the top companies in India have visited the campus like Amazon, PNG, Johnson and Johnson, Accenture, Deloitte, EY, McKinsey and Company etc . There is 100% placement. The highest package and average package details are n the placement report available on the NITIE website.
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The placement process starts right from the first semester of college. The Summer internship process usually happens around the month of September. More than 100+ companies use to visit the campus every year to offer jobs to 500 students. 100% of placements are there.
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The summer internship process starts at the end of the first semester. The internship takes place after 3rd sem. Details of companies are provided in the placement report on the official website of Nitie. The highest package and the average package details are mentioned in the same report along with the mean and median package. 100% percent of students gate pleased with the word before even the process completes. My plan is to currently work in an organization in which I would be pleased and get insights about though industry and a deeper knowledge of the domain so that I can then decide the course of action appropriate for my career.
During the 2024 placement drive at IIM Mumbai, there has been a 20% jump in the number of recruiters. Many companies participated for the first time including the tech giants like Microsoft and Goldman Sachs. Microsoft made the offer with the highest CTC of INR 51 Lakhs. The average package stood at INR 31 Lakhs.
During 2023, the highest package was INR 78.2 Lakhs and the average package was INR 27.57 Lakhs. A total of 161 recruiters participated which also included 46 new recruiters and made offers to 129 students. Most of the offers were mainly from the consulting sector. Some of the major recruiters were Apple, Wipro, Accenture Strategy, Zepto, etc.
Placement opportunities and good placement packages depend on your abilities and skills. At NITIE, freshers and experienced candidates receive equal opportunities.
Placement packages depend on the type of job and the company. For instance, FMCG companies prefer freshers over experienced candidates. While consultant profiles are best suited for experienced people. They do not offer packages as good as FMCG companies.
However, placements depend on your hard work and the skills with which you prepare for it. It is always a benefit to adding work experience to your CV as it increases placement opportunities.
For the recent placement season, 30% of the batch had work experience of 25-36 months, 38% with 1-24 months work experience, and 31% of the batch were freshers. Highest CTC increased to 46.5 LPA and the average domestic salary increased to 20.5 LPA.
NITIE is one of the most famous and reputed colleges in our country. Its flagship course PGDISEM is very popular among the students. This course offers good academics and placements.
There are various kinds of job profiles offered to PGDISEM students such as:
The students are also offered general roles such as Operations, Supply Chain, S&M, Project Management (IT), etc.
Recent Placement Statistics
Categories | PGDISEM at NITIE Mumbai |
Placement Percentage | 80-90% |
Highest CTC | 28 LPA |
Average CTC | 15 LPA |
Lowest CTC | 6 LPA |
The top recruiting companies that participate in the placement program include - Colgate, Dabur, Marico, KPMG, Johnson and Johnson, Wipro, TCS, Tata Steel, Hindustan Unilever, etc.
Hence, the placement scenario of the PGDISEM course at NITIE is very good, as students are being offered very good packages from top companies.
Top B-Schools have created an Invincible persona and have successfully marketed it over the years; however, there is now a demand-supply mismatch, with seats at all B-Schools almost doubling or tripling in the last decade, and a slew of new IIMs or branches of top colleges such as MDI Murshidabad, IIFT Kolkata, NITIE, FMS Delhi, and XLRI Delhi. The colleges will suffer as a result of the lack of job offers from top companies. The only increase can be attributed to recently funded startups that have started hiring from these colleges by offering outrageous packages.
There are students who are unable to be placed during the normal Summers / Finals process, but these colleges use their star alumni base to place the remaining 5-8 students in companies cofounded by the alums or through alums who have been placed in top positions in traditional corporates.
You can definitely join NITIE as a fresher. You will have ample learning and placement opportunities at NITIE.
NITIE has placements at par with any other B school in India. NITIE is one of very few B-schools that conduct separate lateral and common placement processes for experienced and fresher. Also, NITIE has a magnificent ROI.
In case your academic record is not good and you have no prior work experience then it’s better to join a job and prepare for next year’s CAT. You can’t improve your academics but this way, you can improve your overall profile.
So, choose the option that suits you best.
The placement scenario for PGDIE at NITIE is outstanding as a lot of reputed companies visit the campus during placements. These include Abbott, Aditya Birla, Tata Sky, Flipkart, Accenture, Exide, Cognizant, Grofers, Ola, Cloudtail, Myntra, Marico, Reliance, Airtel and many other companies.
A total of 121 companies have visited the campus and the students have received around 130 pre-placement offers. The highest domestic package offered is 44 LPA and the average package offered is 20.85 LPA.
Most of the companies take GD first and then personal interviews, but finance and consulting companies have a different approach. They shortlist the students based on their resumes and then take their interviews. They also take an aptitude test which requires having good knowledge of the subject and decent mathematical skills.
If you have prepared hard enough to present yourself in the interviews, then you will surely get placed in a top company. You should know everything about your resume and should always answer the questions with confidence.
In the placement process, it is not always the B-Schools that are responsible for reporting inflated packages, but rather the companies. The figure reported by placement cells is referred to as the "Cost to Company" (CTC) and not the take-home salary. This means that simply dividing the CTC by 12 is not an accurate reflection of what you will receive in your bank account each month.
CTC consists of two main components: fixed and variable. The fixed component includes your basic salary, HRA, TA, LTA, employer's contribution to the provident fund, joining bonus, retention bonuses, and ESOPs. The variable component is based on both your performance and the company's performance and is paid out in lump sums either yearly or half-yearly.
Your take-home salary at the end of each month is calculated as basic salary + HRA + TA + other allowances - provident fund deduction - tax. The remaining amount is given to you at the end of the year. To illustrate how companies may inflate their CTC figures, here are a few examples:
Fixed component: 9 lakhs
Year 1 end retention bonus: 2 lakhs
Year 2 end retention bonus: 1.5 lakhs
ESOP: 5 lakhs to be paid over 3 years
Performance bonus: separate/not reported CTC: 17.5 lakhs
Take-home salary: 65-70k
Fixed component + Variable component: 14.5 lakhs
Relocation: 2,00,000 INR (one-time payment)
Supplemental Salary: 3,50,000 INR (supplemental salary is an accrued bonus paid out in monthly installments pro-rated from the date of joining, only applicable during the first year of joining)
CTC: 20 lakhs
Take-home salary: 95-98k
Fixed component: 9 lakhs
Variable component: 10-20% of a fixed component
CTC: 10.8 lakhs
Take-home salary: 65-68k
As seen from the examples, despite Amazon having a CTC that is double that of RBS IDC, their take-home salary is the same. This is the typical way it works. The placement teams likely do not have much control over the process.
During NITIE Mumbai placements in 2022, 107 companies visited the campus and 157 PPOs were offered. Furthermore, during NITIE Mumbai placements 2022, the highest and average packages offered were INR 49 LPA and INR 25.4 LPA, respectively. Leading companies such as Accenture, Amazon, and HUL were among the top NITIE Mumbai recruiters in 2022.
Many students, particularly in PGDIE and PGDMM, left/left the college after being placed in PSU in the first year. Even in the PGDIM, many students leave/leave for higher-ranked colleges if they are on a waiting list. Since its inception, it has been 100% successful in terms of placement.
The Post Graduate Diploma in Industrial Engineering (PGDIE) course offered by NITIE Mumbai is a management-level course. So growth opportunities are very good.
Categories | PGDIE at NITIE Mumbai |
Highest CTC | 36-39 LPA |
Average CTC | 25-26 LPA |
Lowest CTC | 8-12 LPA |
As this is a management level program it does not really matter whether you are from mechanical engineering or industrial engineering or some other. The college gives equal opportunities to all. After you reach a certain level, technical expertise becomes less and less relevant.
Coming from a mechanical background, I can assure you that you will find a lot of opportunities in your desired field of interest. Your chances of getting placed with a manufacturing firm or an FMCG are higher.
If you get placed in a manufacturing firm or an FMCG or any e-commerce company, you will get jobs offering planning roles.
NITIE attracts a lot of consulting and manufacturing firms. To be honest, the only college where you will find manufacturing firms offering SCM roles is NITIE. In addition to that, NITIE is the best in providing roles related to demand planning, forecasting, and similar job profiles in an FMCG firm.
Companies | |||
---|---|---|---|
Aditya Birla Group | Amazon | Bain & Company India Private Limited | Cognizant |
Cypress | Ernst & Young | Flipkart | Futures First |
IBM | Infosys | Johnson & Johnson | JP Morgan Chase & Co. |
Mahindra & Mahindra | Maruti Suzuki | McKinsey & Co | Oracle |
Ranbaxy Laboratories | Reliance Industries Limited [RIL] | Bosch Limited | SAP |
Schlumberger | Tata Motors | Texas Instrument | Voltas |
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