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IIM Mumbai Placements 2024: Highest Package: INR 54 LPA & Average Package: INR 29.44 LPA

Public/Government University|Estd. 1963|NIRF #6 (MBA/PGDM) 2024

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IIM Mumbai placements have once again asserted the institute's excellence in teaching and association with strong industry players. The MBA 2022–24 batch Final Placement Report saw a 100% placement of students, with the entire 446 students being placed in top industries like Consulting, FMCG, IT/Product Management, Manufacturing, and BFSI—highlighting recruiters' increasing confidence in IIM Mumbai talent.

 

More than 180 recruiters, of which 67 were first-time participants, made offers across Product Management, Consulting, Finance, Sales & Marketing, Operations, and General Management roles. The maximum offer made was INR 54 LPA, whereas the average and median offers were at INR 29.44 LPA and INR 28 LPA respectively. Major recruiters were elite names like McKinsey & Co., Microsoft, Amazon, Nestlé, Flipkart, Tata Consumer Products, HUL, Wipro, and Deloitte across a diverse range of industries and functions.

 

During the Summer Internship Placements for the MBA 2024–26 batch, IIM Mumbai again registered a 100% placement of 505 students, with 180 firms (including 60 new recruiters) making 505 internship offers. The highest stipend received was INR 6,80,000, and the top sectors included Manufacturing, BFSI, and Consulting. This achievement further solidifies IIM Mumbai as a preferred destination for future business leaders.

 

Table of Contents
  1. IIM Mumbai Placements 2024 Highlights
  2. IIM Mumbai Placements 2024 Sector-Wise Offers
  3. IIM Mumbai Placements Year-Wise Comparison
  4. IIM Mumbai Summer Internship Placements 2026 Highlights
  5. IIM Mumbai Summer Internship Placements 2025 Sector-Wise Offers
  6. IIM Mumbai Placements 2025 Top Recruiters
  7. IIM Mumbai Placements 2024 FAQs

 

IIM Mumbai Placements 2024 Highlights

The placement statistics for the MBA batch 2022-24 is mentioned in the table below, highlighting all the details of the current placements.

Particulars

Placement Statistics (2022-2024)

Placement Statistics (2021-2023)

Placement Rate

100%

100%

Students Participated

446

648

Students Placed

100%

100%

Number of Offers

445+

-

Total Recruiters

180

107

New Recruiters

67

23

Highest Package

INR 54 LPA

INR 78.20 LPA

Average Package

INR 29.44 LPA

INR 27.75 LPA

Median Package

INR 28.00 LPA

-

Average Package of Top 50%

INR 33.84 LPA

-

Average Package of Top 25%

INR 40.71 LPA

-

Average Package of Top 10%

INR 47.29 LPA

-

Top Sectors

Consulting, BFSI, FMCG, IT/Product Management, Manufacturing, Retail/E-commerce, Pharma

Consulting, BFSI, FMCG, Manufacturing, IT/Analytics, E-commerce, Pharma

Top Recruiters

McKinsey, Amazon, Microsoft, Nestlé, Deloitte, Flipkart, Tata Consumer Products, Accenture, HUL, Wipro

McKinsey & Co., Amazon, Flipkart, Deloitte, EY, HUL, Accenture, Asian Paints, P&G, Wipro

 

IIM Mumbai Placements 2024 Sector-Wise Offers

IIM Mumbai placements in 2024 reflected a vibrant sectoral split, with Manufacturing leading the charge at 19% of the total offers, followed by Consulting at 18%, indicating the institute's strong presence in both operational and strategic positions. FMCG was at 15% of the offers, indicative of steady interest from premium consumer goods firms. IT & Product Management roles made up 13%, influenced by the emerging need for tech-enabled professionals. The BFSI sector secured 10% of the offers, indicating solid interest from financial institutions, while Retail & E-commerce also accounted for 10%, emphasizing the sector's digital growth trajectory. Pharma roles made up 3%, and 11% of the offers were from diverse emerging industries. The placement landscape underscores IIM Mumbai’s ability to cater to varied industry needs and its growing influence across high-demand sectors.

Sectors

Placement offer

Average Salary

Consulting

18%

INR 31.2 LPA

BFSI

10%

-

FMCG

15%

INR 30.83 LPA

IT/Product Management

13%

-

Manufacturing

19%

-

Pharma

3%

-

Retail/ E-commerce

10%

INR 34.84 LPA

Others

11%

INR 27.11 LPA

 

IIM Mumbai Placements Year-Wise Comparison

The IIM Mumbai placements has reflected a volatile trend in both the average and the maximum packages over the past few years.

  • Average Package Growth: The average package at IIM Mumbai rose to INR 29.44 LPA in 2024, up from INR 27.75 LPA in 2023 and INR 25.4 LPA in 2022, reflecting consistent year-on-year growth and strong industry alignment.
  • Highest Package Trends: The highest package in 2024 was INR 54 LPA, slightly below the INR 78.20 LPA in 2023, but significantly higher than INR 49 LPA in 2022, showcasing IIM Mumbai's continued ability to attract premium offers from top recruiters.

The table below shows the placement data of the last 3 years:

Placement Year

Average Package

Highest Package

2024

INR 29.44 LPA

INR 54 LPA

2023

INR 27.75 LPA

INR 78.20 LPA

2022

INR 25.4 LPA

INR 49 LPA

 

IIM Mumbai Summer Internship Placements 2026 Highlights

The latest Summer Internship Placements at IIM Mumbai for 2024–26 batch achieved a perfect 100% placement rate with 505 students receiving internship offers. A record 180 firms took part in the drive, with 60 new recruiters, a significant increase from the 165 firms and 38 new firms who engaged for the 2023–25 batch of 480 students. The highest stipend paid went up considerably to INR 6.80 lakhs from INR 4.80 lakhs last year. The median stipend also improved, going up to INR 2.49 lakhs from INR 2.00 lakhs, and the average stipend went up to INR 2.50 lakhs from INR 2.27 lakhs. The cream of the batch bagged a whopping average stipend of INR 4.50 lakhs by the top 10%, and the top 20% attained an average of INR 4.25 lakhs. The top 50% for the first time registered an average of INR 3.62 lakhs.

Particulars

Summer Internship Placements Statistics (Batch 2024-26)

Summer Internship Placements Statistics (Batch 2023-2025)

Placement Rate

100%

100%

Batch Size

505

480

Companies Participated

180

165

New Recruiters

60

38

Highest Stipend

INR 6,80,000

INR 4,80,000

Average Stipend

INR 2,50,000

INR 2,27,000

Median Stipend

INR 2,49,000

INR 2,00,000

Average Package of Top 50%

INR 3,62,000

-

Average Package of Top 20%

INR 4,25,000

INR 4,10,000

Average Package of Top 10%

INR 4,50,000

INR 4,43,000

 

IIM Mumbai Summer Internship Placements 2025 Sector-Wise Offers

IIM Mumbai’s Summer Internship Placements (SIP) for the 2024–26 batch reflected a healthy sectoral distribution across diverse industries. FMCG emerged as the leading sector, accounting for 22% of the total offers, showcasing strong participation from top consumer goods companies. Consulting followed with 15% of the batch placed, indicating robust demand for strategic and advisory roles. Manufacturing comprised 16% of the offers, pointing to the institute's robust operations and supply chain heritage. BFSI captured 12% of the batch, followed by IT/Tech at 9%, which illustrates the increasing demand for technology professionals. Pharma offered 10% of the opportunities, with Retail/E-commerce and other categories contributing 8% each.

Sectors

Placement offer

Consulting

15%

BFSI

12%

FMCG

22%

IT/Tech

9%

Manufacturing

16%

Pharma

10%

Retail/ E-commerce

8%

Others

8%

 

IIM Mumbai Placements 2025 Top Recruiters

Here is the list of some of the top recruiters who are associated with IIM Mumbai and have been a part of the placement drive 2025.

 

 

IIM Mumbai Placements 2024 FAQs

What were the IIM Mumbai placement 2024 final placements highlights for the 2022–24 batch?

The IIM Mumbai placement 2024 final placements recorded a 100% placement of 446 students. The highest salary was INR 54 LPA, with average and median being INR 29.44 LPA and INR 28 LPA respectively. More than 180 recruiters visited, 67 being new.

Which industry provided the largest percentage of offers in IIM Mumbai placement 2024 drive?

Manufacturing topped the list in the IIM Mumbai placement 2024 drive with 19% followed by Consulting with 18%, FMCG with 15%, and IT/Product Management with 13%. The rest came from BFSI, Retail/E-commerce, Pharma, and other industries.

Which were the major recruiters of the IIM Mumbai placement 2024 season?

Highest and average packages provided in IIM Mumbai placement 2024 were by McKinsey & Co., Amazon, Microsoft, Nestlé, Deloitte, Flipkart, Tata Consumer Products, Accenture, HUL, and Wipro, respectively, representing a wide range of industries.

What was the highest and average package provided in IIM Mumbai placement 2024?

The best package was INR 54 LPA and the average was INR 29.44 LPA in the IIM Mumbai placement season of 2024, a consistent rise compared to other years.

What are the summer internship results for the batch of 2024–26 in IIM Mumbai placement 2024?

The IIM Mumbai placement 2024 summer internships have recorded 100% placement for a batch of 505 students. The maximum stipend given was INR 6.80 lakh, with good participation from 180 companies and 60 new recruiters.

Which companies took part in IIM Mumbai placement 2024 in Consulting and FMCG sectors?

Consulting companies that participated in IIM Mumbai placement 2024 were McKinsey & Co., Deloitte, KPMG, Accenture, and PwC, and premier FMCG firms were HUL, Nestlé, Britannia, Marico, and ITC, among others.

How was the IIM Mumbai placement 2024 different from earlier years with respect to salary trends?

IIM Mumbai placement 2024 witnessed increases in average and maximum packages over 2022, albeit slightly short of the 2023 high. The average package increased to INR 29.44 LPA from INR 25.4 LPA in 2022, while the maximum package went up to INR 54 LPA from INR 49 LPA.

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