A major factor in making the final decision to join any MBA school is the placements. Top MBA colleges promise hope of a rewarding career and top placements.

Placement information helps candidates with information about the percentage of students who secured jobs, the salary packages offered and the type of companies and industries hiring from a particular college.

In this blog, we will review the past year placement trends, some placement facts and figures and the placements secured in 2023 in the Top MBA colleges in India. Read on to find out the highest packages received.

Past Year Placement Trends

• Salary Growth Trends: While some Top MBA colleges have shown a 10% to 20% rise in average MBA salary, other lower-ranked colleges have shown a growth ranging from 5% to 10%.

• Salary Increase in New IIMs: Despite lower initial average salaries, new IIMs have shown a significant increase of 21% to 31% in average salary, surpassing some old IIMs in percentage growth.

• Sector-wise Placement Trends: In recent years, Consulting, IT/ITES, and BFSI sectors have emerged as the top recruiters from MBA colleges.

• Amazing Placement Records: The top 50 Management Colleges in India consistently achieve 100% placements, securing lucrative salaries and desirable job roles. Success extends to international placements, with a few offers over ₹1 crore.

MBA Placement Facts and Figures 

• Placement Numbers at IIMs and Other Top Colleges: IIMs and other top institutes have an average placement salary ranging from INR 25 to 35 lakh per annum. Domestic placements have also reached amazing numbers, with the highest salary touching INR 60 lakh per annum and the lowest at INR 12-15 lakh.

• Key Roles in MBA Placements: Prominent roles in MBA placements include positions in Consulting, Analytics, General Management, Product Management, and E-Commerce.

• Average Placement Figures Might Not Be Very Accurate:  It is important to remember that average numbers get significantly influenced by extreme values or outliers. In cases where there is a wide range in values, here being placement packages received, the average may not provide a clear picture of the typical salary. A more accurate representation may be provided by looking at the median salaries.

Read on to find the median salaries of Top MBA Colleges. 

Average Placement Packages: from 2021 to 2023

Highest, Average and Median Placement Packages of Top MBA Colleges: 2023

Can These Placement Numbers Be Trusted?

Now we have these placement numbers published by various colleges but how do we know if these figures are true? This is where audits come in. 

A Placement Report Audit involves an independent examination of an educational institution's reported placement data. This ensures accuracy, transparency, and adherence to established standards such as the Indian Placement Reporting Standards (IPRS). Colleges often opt for various auditing agencies to conduct these assessments, verifying placement percentages, salary numbers, and recruiter information.

Following is the list of some colleges with their respective auditing agencies:

The question that arises here is what about the colleges without any auditing mechanism in place? The short answer is that colleges that don't have placement report audits may not have trustworthy numbers. 

End Remarks 

In a nutshell, the analysis of MBA placements from 2021 to 2023 in Top MBA Colleges paints a picture of great opportunities and achievements. As we go deeper into this arena, it's important to be careful of tricky average figures and turn our attention to more accurate median salaries.

Now, talking about audits, they're like the guardians making sure that the placement numbers shared are true and reliable. As you think about your journey, supporting transparency and asking for audits is not just a choice but something we all should do together for a trustworthy education system.

The real takeaway? 

These numbers aren't just stats; they're an inspiration. So, if these students can land these fantastic jobs, why not you? Dream big, work hard, and aim for those Top MBA Colleges, and soon you might be setting new records in placement figures. It all starts with your dreams and the dedication to turn them into reality.

References: 

1. Gupta, L. (2023, July 19). MBA placements 2023: Reports, highest & average packages in Top B-Schools. Getmyuni.   

2. Mba placements 2024: Placement report, average package ... - collegedunia. (n.d.).  

3. Physics wallah. (n.d.)