In 2021, IIM Ahmedabad reported a median package of ₹24.5L and an average of ₹24.26L (TGCC basis), with the highest offer at ₹55L across 131 recruiters — from IIM A - PGP - Finals 2021.pdf, audited by Brickworks Analytics Private Limited. Nothing estimated · IPRS Rev 2.2; audited by Brickworks Analytics Private Limited; headline basis TGCC (guaranteed floor, Total Guaranteed Cash Component); comparable_ctc=domestic MEP mean; highest=domestic MEP max..
TGCC is the audited fixed floor; MEP adds the maximum variable/bonus and is the number most schools quote as "CTC". We show both so nothing is oversold.
Every salary head the report discloses, in ₹ lakh — nothing estimated, undisclosed cells show “—”.
| Component | Min | Median | Mean | Max |
|---|---|---|---|---|
Fixed cash Annual fixed pay — the salary you can count on | ₹9L | ₹22.26L | ₹22.13L | ₹42L |
One-time cash Joining / one-time bonuses | ₹0.5L | ₹2.5L | ₹2.91L | ₹13L |
Total guaranteed cash Fixed cash + one-time — the audited floor | ₹9L | ₹24.5L | ₹24.26L | ₹45L |
Max earning potential Ceiling incl. variable, ESOPs, all components | ₹11L | ₹27.6L | ₹27.55L | ₹55L |
Offers by sector, with median pay on the guaranteed and max-earning bases.
| Function | Offers | Median (guaranteed) | Median (max-earning) |
|---|---|---|---|
| Consulting | 161 | ₹25.24L | ₹29L |
| Banking, Financial Services and Insurance (BFSI) | 65 | ₹24.5L | ₹25.5L |
| Information Technology (IT) | 34 | ₹22.47L | ₹25L |
| Consumer goods (FMCG) | 31 | ₹23L | ₹27L |
| Online Services | 17 | ₹24.5L | ₹28.75L |
| Conglomerates | 16 | ₹21.82L | ₹25.49L |
| Engineering/Technology | 14 | ₹21.38L | ₹28.78L |
| Consumer Services | 12 | ₹21.18L | ₹23.25L |
| Others (Electronic Trading) | 7 | ₹23.26L | ₹27.76L |
| Manufacturing | 4 | ₹20.5L | ₹25.5L |
| Pharmaceutical/Healthcare | 4 | ₹18.75L | ₹20.64L |
| Others (Hospitality) | 2 | — | — |
| Others (Private Entity) | 2 | ₹18L | ₹21.26L |
| Others (PSU) | 2 | ₹20L | ₹25.38L |
| Telecom | 1 | ₹25L | ₹25L |
| Others (Education Technology) | 1 | ₹24L | ₹24L |
| Others (Retail B2B/B2C) | 1 | ₹13.2L | ₹15.5L |
Offers by job function, with median pay on both bases.
| Function | Offers | Median (guaranteed) | Median (max-earning) |
|---|---|---|---|
| Consulting | 175 | ₹25.24L | ₹29L |
| Finance | 61 | ₹25L | ₹27.76L |
| Product/Category Management | 54 | ₹22.92L | ₹26.49L |
| Marketing/Sales | 35 | ₹22L | ₹25.5L |
| General Management | 20 | ₹20.3L | ₹25.4L |
| Business Development | 11 | ₹20.5L | ₹24.8L |
| Systems/IT | 7 | ₹21.18L | ₹23L |
| Operations | 5 | ₹24.5L | ₹28.75L |
| Strategy | 2 | ₹21.1L | ₹23.62L |
| Supply Chain Management | 1 | ₹22L | ₹25L |
| Others (Growth) | 1 | ₹25L | ₹27.5L |
| Others (MLDP) | 1 | ₹24.5L | ₹28.75L |
| Others (Private Equity) | 1 | ₹40L | ₹55L |
Composition as disclosed in the report.
Figures from IIM Ahmedabad's official 2021 placement report (third-party audited). Undisclosed values show "—".