IIM Mumbai's finance placements are weaker than IIM ABC, and the OP of this thread confirmed: "Finance is not IIM Mumbai's strong suit, and it's likely to stay that way for the next few years." CRISIL (credit research) recruits at IIM M but DE Shaw doesn't hire for equity research, and Moody's doesn't recruit. IIM Mumbai at Rs 23L fees and Rs 22 LPA average has operations, consulting, and marketing as stronger areas.
For finance-targeting candidates, the ranking of Indian IIMs is: IIM A (Rs 27.5L, Rs 35.22 LPA) > IIM B (Rs 26.
2L, Rs 34.88 LPA) > IIM C (Rs 27L, Rs 34.23 LPA) > FMS Delhi (Rs 2.
43L, Rs 34 LPA) > IIM L (Rs 22L, Rs 32.3 LPA) > IIM M = IIM K = SPJIMR. For bulge bracket IB, equity research, and PE: IIM C and FMS are the sweet spots due to Mumbai proximity and legacy finance alumni networks.
For corporate finance, credit research, and rating agency roles: IIM M is decent with CRISIL and smaller firms. For candidates committed to finance, avoid IIM M as primary target; apply to A, B, C, L, FMS, XLRI instead. IIM M graduates do land finance roles (Kotak, Axis, ICICI, HDFC corporate banking) but top-tier IB and PE hiring is rare from M.
The placement evolution of IIM M is gradual; expect 5-10 year timeline for finance parity with IIM B and C. Check your eligibility at collvera.