A good placement at a new IIM is Rs 15+ LPA fixed pay, according to the ex-placecom AMA host who set this benchmark. At IIM Rohtak (Rs 16L fees, Rs 18 LPA avg, 93%+ CAT cutoff) and IIM Ranchi (Rs 14L fees, Rs 17 LPA avg, 92%+ cutoff), roughly 40-50% of the batch crosses Rs 15L fixed, and top 10-15% hit Rs 25+ LPA CTC with MBB/IB firms. The distinction between CTC and fixed matters a lot at new IIMs - many offers carry 30-40% variable component or performance-linked retention bonuses that may never vest.
Average CTC numbers in placement reports are typically inflated by including variable, joining bonuses, and ESOPs. Practical benchmarks at new IIMs: below Rs 10 LPA fixed is weak, Rs 10-14 LPA is average, Rs 15-20 LPA is good, Rs 20+ LPA fixed is top decile. For comparison, IIM Indore (Rs 16.
5L fees) averages Rs 25 LPA and IIM Lucknow (Rs 22L fees) Rs 32.3 LPA - so new IIMs lag old IIMs by Rs 5-10 LPA on average. ROI calculation at a new IIM: Rs 16L fees + Rs 15L opportunity cost = Rs 31L invested for Rs 18 LPA average = 2-year payback, acceptable but not great.
Target 95+ percentile in CAT and aim for IIM I/K/L where ROI is significantly better. Check your eligibility at collvera.