The Placement Database

Indian Institute of Management Indore Placements 2023

Grade B · official

In 2023, Indian Institute of Management Indore reported a median package of ₹27.2L and an average of ₹30.21L (CTC basis), with the highest offer at ₹114L across 240 recruiters — from IIM Indore - PGP - Final Placement Report 2021-23. Nothing estimated · Batch of 2021-23 (PGP + IPM); 568 students; over 160 returning recruiters + over 80 new; highest 1.14 Cr PA (+132.6% YoY). Avg +20.8% YoY, Median +12.9% YoY..

Grade B · official
Source: IIM Indore - PGP - Final Placement Report 2021-23 (2023) · reported basis: CTC · how we verify →
Average
₹30.21L
guaranteed cash
+20.8% vs 2022
Median
₹27.2L
guaranteed cash
+12.9% vs 2022
Highest
₹114L
+132.7% vs 2022
Two salary heads — what's guaranteed vs what you can earn
Guaranteed (TGCC) — avg ₹30.21L · median ₹27.2L
Max-earning (MEP) — avg ₹30.21L

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.

568
Batch
240
Recruiters

Salary by component · 2023

Every salary head the report discloses, in ₹ lakh — nothing estimated, undisclosed cells show “—”.

ComponentMinMedianMeanMax
CTC
—₹27.2L₹30.21L₹114L

What roles the 2023 batch took

Share of the batch's offers by job function (this report does not publish per-function pay).

Consulting
—
Finance
—
Sales & Marketing
—
IT / Analytics
—
General Management, HR & Operations
—

The 2023 batch, profiled

Composition as disclosed in the report.

cohort
MBA Candidates470
Dual Degree Candidates98
Prior sector: IT35%
Prior sector: Others11%
Prior sector: Manufacturing15%
Prior sector: Banking10%
gender
MBA Male65%
MBA Female35%
Dual Degree Male73%
Dual Degree Female27%
work ex
avg work-ex MBA (months)21
< 1 year29%
1-2 years40%
2-3 years25%
3+ years6%
academic
UG: Chemical8%
UG: Civil4%
UG: Commerce4%
UG: Computer Science13%
UG: Economics4%
UG: Electrical10%

Also disclosed in 2023

53%mba with work experience23%from premier institutes80new recruiters20.8%yoy avg ctc12.9%yoy median ctc37.2%yoy top100 ctc23.8%yoy top200 ctc132.6%yoy highest ctc

Top recruiters in 2023

_VOISAarti Industries LimitedABInBevAccentureAcuvonAdaniAditya Birla Fashion & RetailAffinityAfrican IndustriesConagraAliensAlkemAllcargo LogisticsAM/NS IndiaAmazonAmbitAmerican ExpressAmwayAngelOneAONApollo TyresAsian PaintsASKAspect RatioAstraZenecaAvalon ConsultingAxis BankAxtriaBain & CompanyBajajBarclaysBCGBeFreeBSVBigbasketBioconBlackRockBLS InternationalBank Of AmericaCapgemini

Frequently asked questions

What was Indian Institute of Management Indore's average placement package in 2023?
In 2023, Indian Institute of Management Indore reported a median of ₹27.2L, an average of ₹30.21L, a highest of ₹114L. Figures are institute-reported; nothing is estimated.
Did Indian Institute of Management Indore placements improve in 2023?
Versus 2022, the median moved +12.9%.
How many companies recruited at Indian Institute of Management Indore in 2023?
240 recruiters hired from the 2023 batch, including _VOIS, Aarti Industries Limited, ABInBev.
See the full IIM Indore placement dossier for the complete 8-year trend and recruiter list, or the full database across every college.

Figures from Indian Institute of Management Indore's official 2023 placement report. Undisclosed values show "—".

Cite this page · free with attribution
Indian Institute of Management Indore placements 2023 — Collvera Placement Index (verified from IIM Indore - PGP - Final Placement Report 2021-23). collvera.com/placements/iim-indore/2023. Accessed 2026-08-31.