IIM Nagpur Placements 2023: Highest Package: INR 64 Lakhs Per Annum & Average Package: INR 16.74 Lakhs Per Annum

Nagpur, Maharashtra

Navya SinghUpdated on : Aug 31 2023 17:45 IST

IIM Nagpur Placements 2023 witnessed the participation of top recruiters like Microsoft, Adani, ICICI Bank, Infosys, Accenture, Deloitte among many others. A total of 236 students appeared for the final placement process. A total of 19 first-time recruiters participated in the IIM Nagpur MBA final placements. This year, IIM Nagpur’s highest package went up to INR 64 lakhs per annum & the average CTC stood at INR 16.74 lakhs per annum. While the median CTC at IIM Nagpur went upto INR 16.85 lakhs per annum. Out of the total 236 students that participated in the final placement process, 32% were freshers.

In the IIM Nagpur MBA placement process, the top profiles that were offered to the students were that of Product Management, Area Sales Manager, Retail Banking & Supply Chain Consultant. IIM Nagpur witnessed the maximum number of offers from sectors like Strategy & Consulting, Operations and IT & Analytics with 50% of the students opting for these roles.

In the IIM Nagpur Summer Placements 2023, a total of 253 students participated. The institute welcomed more than 125 recruiters out of which 54 were first-time recruiters. The prominent recruiters at IIM Nagpur’s Summer Placements 2023 include Adani, Aditya Birla Capital, ICICI Bank, IBM among many others. The highest stipend went up to INR 2.24 lakhs and the average stipend stood at INR 78,792. This year, IIM Nagpur has witnessed an increase in the average stipend by 11.88% and an increase in the median stipend by 34.83% respectively.

Also Check: IIM Nagpur Admission 2023

IIM Nagpur Placements 2023

IIM Nagpur successfully completed the final placements process for the 2021-2023 MBA Batch in December 2022. A total of 236 students appeared for the final placement process. IIM Nagpur welcomed top recruiters from various sectors like E-Commerce, Consulting, Manufacturing and Logistics, BFSI, FMCG/FMCD & ITES.

The details of IIM Nagpur Placements for the 2021-23 MBA batch have been shared below.

IIM Nagpur MBA Placements 2023: Key Highlights

A total of 236 students participated in the IIM Nagpur MBA Final Placements 2023 process. The top profiles that were offered to the students included Product Management, Area Sales Manager, Supply Chain Consultant, etc.

Particulars	Details
Total No. of Students	236
Top Profiles Offered	Product Management Area Sales Manager Retail Banking Supply Chain Consultant Analytics Consultant New Product Development
Maximum Offers From	Strategy & Consulting Operations IT & Analytics (50% of the students opted for these roles)
No. of First-Time Recruiters	19

IIM Nagpur MBA Placements 2023: Key Statistics

IIM Nagpur witnessed an increase in the average CTC (annual salary package) by 10.6% & an increase in the median by 9.27% to INR 16.74 lakhs per annum & INR 16.85 lakhs per annum respectively.

Particulars	Details
Average CTC	INR 16.74 Lakhs Per Annum
Top 50% Average CTC	INR 18.91 Lakhs Per Annum
Median CTC	INR 16.85 Lakhs Per Annum
Highest CTC	INR 64.00 Lakhs Per Annum

IIM Nagpur MBA Placements 2023: Batch Profile

The academic background and work experience of the IIM Nagpur MBA Batch 2021-23 have been shared below:

Academic Background

Out of a total 236 students, 25.42% students were from Electronics background & 22.46% of them were from Computer Science, Engineering & IT background. Only 5.08% of the students came from Business Management background.

IIM Nagpur MBA Placements 2023: Batch Profile

Work Experience

Out of the total number of students who participated in the IIM Nagpur MBA Final Placements, 32% were freshers. Only 29% of the students had more than 2 years of work experience.

Work Experience	Percentage of Students
Freshers	32.00%
Less than 12 months	7.00%
1 to 2 years	32.00%
More than 2 years	29.00%

IIM Nagpur MBA Placements 2023: Domain Wise Split

Most of the students opted for roles in domains such as Strategy Consulting, IT & Analytics, Sales & Marketing, Operations, General Management, Product Management & Finance.

Domain	No. of Offers
Strategy & Consulting	18%
IT & Analytics	17%
Operations	15%
Sales & Marketing	14%
General Management	14%
Finance	11%
Product Management	11%

IIM Nagpur MBA Placements 2023: Sector-Wise Split

More than 70% of the students opted for jobs in the IT/ITES & BFSI sectors followed by the Consulting sector.

Sector	No. of Offers
ITES	33.33%
BFSI	30.70%
Consulting	13.59%
Manufacturing	11.84%
Conglomerate	3.50%
E-Commerce & Logistics	3.50%
FMCG & FMCD	2.63%
Pharmaceutical & Telecommunications	0.91%

IIM Nagpur MBA Placements 2023: Top Recruiters

This year, the top recruiters included Microsoft, Adani, Bank of America, ICICI Bank, BNY Mellon, HDFC Bank, ADP, Indus Valley Partners, Mahindra & Mahindra, KPMG, Deloitte, Yes Bank, TVS Motors, Loreal, Accenture etc. This year, there were 19 first-time recruiters including Adani, Yes Bank, Loreal etc.

IIM Nagpur MBA Placements 2023: Top Recruiters

IIM Nagpur Summer Placements 2023

IIM Nagpur has completed the Summer Placements process for the 2022-24 MBA batch in March 2023. This year, a total of 253 students appeared for the Summer Placement process. IIM Nagpur welcomed more than 125 recruiters from various sectors like Consulting, BFSI, FMCG/FMCD, ITES, E-Commerce, Manufacturing, and Logistics and many others.

The details of IIM Nagpur Summer Placements for the 2022-24 MBA batch have been shared below.

IIM Nagpur MBA Summer Placements 2023: Key Statistics

In the 2023 MBA Summer Placements, IIM Nagpur has witnessed an increase in the average stipend by 11.88% and an increase in the median stipend by 34.83% to ₹ 78,792/- and₹ 60,000/- respectively.

Particulars	Details
Total No. of Students	253
Total No. of New Recruiters	54
Average Stipend	INR 78, 792/-
Median Stipend	INR 60,000/-
Highest Stipend	INR 2, 24, 500/-

Year on Year - Growth %

This year, the batch size for the IIM Nagpur MBA Summer Placements was 7.20% larger than that of the last batch.

Particulars	Year 2021	Year 2022	Growth %
Batch Size	236	253	7.20%
Median CTC	INR 44,500/-	INR 60,000/-	34.83%
Average CTC	INR 70,426/-	INR 78,792/-	11.88%

IIM Nagpur MBA Summer Placements 2023: Batch Profile

The batch profile of the 2022-24 MBA batch has been shared below. The batch profile includes the gender profile, academic background, and work experience of the students.

Total No. of Students	% of Males	% of Females
253	56.5%	43.5%

Academic Background

The maximum number of students in the 2022-24 batch came from Electronics/Electrical Engineering and allied backgrounds. Out of the total lot, only 17% of the students came from the B.Sc/BA/BBA & allied background.

IIM Nagpur MBA Summer Placements 2023: Batch Profile

Work Experience

More than half of the students of the 2022-24 batch were freshers. Only 16.99% of the students had 2 to 4 years of work experience.

Work Experience	Percentage of Students
Freshers	50.20%
0 to 12 months	10.28%
13 to 24 months	22.53%
24 to 48 + months	16.99%

IIM Nagpur MBA Summer Placements 2023: Sector-Wise Split

ITES and Manufacturing sectors emerged as the most sought-after sectors, followed by the Banking sector. More than 60 percent of the cohort opted for companies in these sectors.

Sector	No. of Offers
ITES	26.09%
Manufacturing	19.57%
BFSI	16.09%
Marketing	13.04%
Edu-Tech	6.96%
FMCG & FMCD	6.09%
Real Estate	4.78%
Conglomerate	4.35%
Pharmaceutical	1.74%
Consulting	0.87%
E-Commerce & Logistics	0.43%

IIM Nagpur MBA Summer Placements 2023: Domain Wise Split

In the 2023 Summer Placements session, the most preferred roles among the students were in domains like Sales and Marketing, General Management, Strategy Consulting, IT & Analytics, Operations, and Finance, followed by the roles in the domain of Product Management.

Domain	No. of Offers
Finance	5.65%
General Management	15.65%
Human Resources	3.91%
IT & Analytics	5.65%
Sales & Marketing	57.39%
Operations	8.26%
Product Management	2.17%
Strategy & Consulting	1.30%

IIM Nagpur MBA Summer Placements 2023: Top Recruiters

The top recruiters who participated in the 2023 IIM Nagpur Summer Placement Season include Adani, Aditya Birla Capital, ICICI Bank, BNY Mellon, IBM, Dalmia Bharat, Crompton, TVS Credit Services, Zycus, Vedanta, Atlas Copco, V-guard Industries, Godrej Properties, Fujitsu, Bajaj Finance and many more. This year also witnessed the participation of 54 first-time recruiters including Adani, Aditya Birla Capital & Godrej Properties.

IIM Nagpur Placement Process 2023

The IIM Nagpur placement process can be divided into 6 stages which have been explained below:

Stage	Details
Stage 1: CDS (Career Development Services)	At IIM Nagpur, the Career Development Services (CDS) office collaborates with the Student Placement Committee to manage the on-campus recruitment process Beyond placements, CDS also coordinates diverse industry-connect initiatives to enhance student development
Stage 2: Students Applications	The companies visiting IIM Nagpur share a detail description of the roles on offer at least a week before the commencement of the placement process This job description provides clarity to the students about the the organisations’ philosophies, expectations & the profile being offered This facilitates students in making well-informed decisions and applying based on their individual interests and ambitions Subsequently, these applications are conveyed to company representatives through appropriate channels
Stage 3: Shortlisting	Based on the relevant profiles the companies are requested to carry forward with further shortlisting of candidates or to conduct the recruitment process in multiple stages
Stage 4: Pre-Placement Talks (PPTs) and Interviews	Organisations are encouraged to visit the campus for Pre-Placement Talks which provides an excellent opportunity for the companies and students to interact and exchange information with regard to the organisation and the job opportunities being offered to the students Students utilise this time to better understand the organisation and evaluate the opportunities being offered to them
Stage 5: Final Selection Process	These applications are then forwarded to the company representatives & based on the relevant profiles the companies are requested to carry forward with further shortlisting or conduct the recruitment process in multiple stages Company executives are encouraged to visit the IIM Nagpur campus to carry out the recruitment process The recruitment process usually comprises of Case Study based Group Discussion and few rounds of Personal Interview (PI) however it’s not restricted to this only
Stage 6: Final Offer	On the completion of this process, companies make job offers to the students by sending an official offer letter to the CDS office The offer acceptance is based on the Institute’s placement policy

IIM Nagpur Placements 2023: Past Recruiters

The past recruiters at IIM Nagpur include Deloitte, Amazon, Gartner, TVS, Yes Bank, Tata Power, Olx and many others.

IIM Nagpur Placements 2023: Past Recruiters

Frequently Asked Questions (FAQs)

What is IIM Nagpur’s average package in 2023?

The average package at IIM Nagpur in 2023 stood at INR 16.74 lakhs per annum.

What is the highest package at IIM Nagpur in 2023?

The highest package at IIM Nagpur in 2023 went up to INR 64 lakhs per annum.

What was the median CTC offered to the students in the IIM Nagpur Placements 2023 drive?

The median CTC that was offered to the students was INR 16.85 lakhs per annum.

Who were the top recruiters at IIM Nagpur Placements 2023?

The prominent recruiters at IIM Nagpur Final Placements drive were Microsoft, Adani, ICICI Bank, IBM, TVS, Deloitte, and Infosys.

What was the average stipend offered to MBA interns at IIM Nagpur in 2023?

The average stipend offered to MBA interns in the IIM Nagpur Summer Placements 2023 drive was INR 78,792.

What were the top profiles that were offered to the students at IIM Nagpur MBA Placements 2023?

The top profiles offered to the students at IIM Nagpur MBA Placements 2023 were that of Product Management, Area Sales Manager, Retail Banking & Supply Chain Consultant.