IIM Raipur also known as Indian Institute of Management Raipur has concluded its placement for MBA batch of 2023. This marks the institute's continuation of its 100% placement record with the highest package at INR 67.60 LPA and the average package at INR 34.64 LPA whereas the median package stood at INR 20 LPA. The maximum number of students were placed in the Banking Financial Service and Insurance (BFSI) sector.
IIM Raipur has also released its summer Internship Placement report for the passing out batch of 2024 in which 109 recruiters provided Internship opportunities to 328 students. The Highest Stipend stood at INR 3.50 Lakhs whereas the Average Stipend stood at INR 1.39 Lakhs.
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Table of Content
Batch | Placement Statistics (2021-23) | Placement Statistics (2020-22) |
---|---|---|
Students Registered for Placements | 255 | 252 |
Students Placed | 255 | 252 |
Companies Participated | 107 | 113 |
Number of New Recruiters | 32 | - |
Number of Offers | - | 275 |
Highest CTC | INR 67.60 LPA | INR 42.15 LPA |
Average CTC | INR 34.64 LPA | INR 17.73 LPA |
Median CTC | INR 20 LPA | INR 16.95 LPA |
Average CTC of Top 25% Students | INR 28.25 LPA | INR 24 LPA |
Average CTC of Top 50% Students | INR 24.77 LPA | INR 21.01 LPA |
Top Recruiters | IBM, HDFC Bank, TATA Steel | Accenture, Airtel, IBM, Swiggy |
IIM Raipur maintained its 100% placement record this year as well as all 255 students that participated in the placement drive were placed by 107 participating recruiters.
The highest CTC stood at INR 67.60 LPA and the average CTC stood at INR 34.64 LPA whereas the median CTC stood at INR 20 LPA and top 25% and 50% students were offered the average CTC of INR 28.25 LPA and INR 24.77 LPA respectively.
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The following table represents the year wise trends at IIM Raipur:
Years | Average CTC | Average CTC of Top 50% | Average CTC of Top 25% | Highest CTC |
---|---|---|---|---|
2016-18 | INR 12.45 LPA | INR 15.76 LPA | INR 17.5 LPA | INR 22.05 LPA |
2017-19 | INR 14.54 LPA | INR 17.18 LPA | INR 18.56 LPA | INR 24.56 LPA |
2018-20 | INR 15.20 LPA | INR 18.72 LPA | INR 21.28 LPA | INR 46 LPA |
2019-21 | INR 15.11 LPA | INR 18.53 LPA | INR 20.61 LPA | INR 30 LPA |
2020-22 | INR 17.73 LPA | INR 21.02 LPA | INR 24.01 LPA | INR 42.15 LPA |
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The following table represents the industry wise placements at IIM Raipur:
Industry | Percentage of Students Placed | Highest CTC | Average CTC |
---|---|---|---|
BFSI | 32% | INR 32.50 LPA | INR 21.02 LPA |
IT / ITES | 23% | INR 43.43 LPA | INR 21.29 LPA |
Strategy & Consulting | 14% | INR 32.21 LPA | INR 19.64 LPA |
FMCG / FMCD | 12% | INR 67.60 LPA | INR 21.78 LPA |
Manufacturing | 12% | INR 62 LPA | INR 22.39 LPA |
Miscellaneous | 7% | INR 25.50 LPA | INR 19.55 LPA |
In the placement drive of 2023, the maximum percentage of students were placed in the BFSI sector (32%) followed by IT/ITES (23%).
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The following table represents the function wise placements at IIM Raipur:
Function | Percentage of Students Placed | Highest CTC | Average CTC |
---|---|---|---|
Sales & Marketing | 29% | INR 67.60 LPA | INR 20.98 LPA |
Analytics & Consulting | 28% | INR 32.21 LPA | INR 19.09 LPA |
Operations and IT | 20% | INR 43.43 LPA | INR 23 LPA |
Financial Management | 12% | INR 32.50 LPA | INR 20.87 LPA |
General Management | 11% | INR 62 LPA | INR 22.94 LPA |
During the placement drive of 2023, the maximum percentage of students were placed in the Sales & Marketing function (29%) followed by Analytics and Consulting function (28%).
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Particulars | Internship Statistics 2024 | Internship Statistics 2023 |
---|---|---|
No. of Students in the Batch | 328 | 262 |
No. of Recruiting Companies Participated | 109 | 108 |
No. of New Recruiters | - | 57 |
Highest Stipend | INR 3.50 Lakhs per month | INR 3.50 Lakhs per month |
Average Stipend | INR 1.39 Lakhs per month | INR 1.20 Lakhs per month |
Average Stipend (top 10%) | INR 2.79 Lakhs per month | INR 2.59 Lakhs per month |
Average Stipend (top 25%) | INR 2.43 Lakhs per month | INR 2.04 Lakhs per month |
Average Stipend (top 50%) | INR 2.11 Lakhs per month | INR 1.66 Lakhs per month |
Top Job Roles | - | Sales & Marketing |
Top Recruiters | - | Airtel, Berger Paints, Cognizant, BYJU’s |
During IIM Raipur Summer Internship Placements 202, 108 recruiters participated & placed 328 students. The highest stipend received was INR 3.50 Lakhs per month. The average stipend stood at INR 1.39 Lakhs per month. The average stipend stood at INR 2.79 Lakhs for top 10%, INR 2.43 Lakhs for top 25%, INR 2.11 Lakhs for top 50% of the students.
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Name of the Companies | No. of Alumni |
---|---|
IIM Raipur | 82 |
ICICI Bank | 69 |
Deloitte India (U.S. offices) | 62 |
Cognizant | 41 |
Accenture | 31 |
Amazon | 23 |
Deloitte | 20 |
HDFC Bank | 20 |
Vedanta Resources Ltd. | 20 |
UltraTech Cement | 18 |
Tata Steel | 17 |
CEC | 13 |
Maruti Suzuki India Ltd. | 13 |
Indian Oil Corporation Ltd. | 12 |
Larsen & Toubro | 11 |
Ques. What was the highest CTC offered in the placement drive of 2023 at IIM Raipur?
Ans. In the placement drive of 2023 at IIM Raipur, the highest CTC stood at INR 67.60 LPA and the average CTC stood at INR 34.64 LPA.
Ques. How many students were placed in the placement drive of 2023 at IIM Raipur?
Ans. In the placement drive of 2023 at IIM Raipur, 255 students were placed. This year as well the institute has maintained 100% placements.
Ques. How many companies were placed in the placement drive of 2023 at IIM Nagpur?
Ans. In the placement drive of 2023 at IIM Nagpur, around 107 companies participated in the placement drive.
Ques. Which are the top recruiting companies at IIM Raipur?
Ans. Some of the top recruiters like Accenture, Airtel, IBM, Swiggy participated in the placement drive of 2022 at IIM Raipur.
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IIM Raipur placements have been pretty good over the last few years. Here are the recent placement highlights for the institute.
Parameters | Statistics (2019-2021 | Statistics (2020-2022) |
Average CTC | INR 15.11 LPA | INR 17.73 LPA |
Median CTC | INR 14.8 LPA | INR 16.95 LPA |
Highest CTC | INR 30 LPA | INR 42.15 LPA |
No. Companies participated | 140+ | 113 |
Tata Steel, HDFC Bank, IBM, Accenture, IBM, Airtel, etc. are among the top recruiters that took part in the placement drive.
IIM Raipur doesn’t inflate the placement report. Overall, it is a decent B-school and offers excellent academics.
In 2022, the VGSOM IIT Kharagpur business school achieved a 100% placement rate for its students. All 97 students who registered for the placement process were successfully placed in jobs. The highest salary package offered during the placement process was 31.98 LPA, while the average package was 19.36 LPA. These strong placement results demonstrate the success of VGSOM IIT Kharagpur in preparing its students for the job market and the value that employers place on its graduates.
Here is an individual's experience at IIT Roorkee, which was one in which he received admission to the institute in 2004 after having eight years of work experience. At that time, the management programs at IITs were relatively new and placements were not as strong as they are now. Despite this, he decided to attend IITR and focus on their studies and enjoying their MBA experience, rather than worrying about job prospects. As a result, he performed well academically and was able to secure an okay job in the IT industry. Through hard work and dedication, he was able to triple his salary within four years and work on projects in various countries. Ultimately, he retired in 2010 to travel and is still doing so seven years later. He believes that both IITs and new IIMs are good options for business education and that it ultimately depends on the individual's goals and priorities. He advises focusing on academics and enjoying the experience, as a job will eventually be obtained.
Let me be honest, your chances of getting an offer from Raipur itself are very less. My stance can be proved through the following reasons
Broaden your options and trust me once out of IIM you will be brave enough to survive anywhere.
I think the single most important reason why IIM Raipur and Ranchi are considered below IIM Udaipur is the lack of proper marketing. IIM Udaipur has managed to make its mark through enough marketing and promoting research culture. The IIMRs is also flawed in the sense that they are located in extremely poor economic states. This flaw overshadows all their features and the fact that they have better placement scenarios than IIM Udaipur.
Every IIM has set a certain goal and is gradually climbing the ladder to reach its level of excellence. The same is the case with IIMRs. In just a few years these two will be among the best IIMs in India.
I am aware of the placement scenario at IIM Udaipur only as my sister recently graduated from it.
Operations
The faculty base of this domain specifically is very experienced and includes world class professors like Director Prof. Janat Shah.
Apart from faculty, the club SKEIN conducts national level summits (SCM Summit) by inviting industry experts to enlighten the students.
Consulting
The consulting club ConsultU takes charge of providing live projects throughout the year for students.
Placements
Domain |
Number of students placed |
placement percentage |
General Management |
59 |
19% |
Consulting / Strategy |
75 |
24% |
Operations/ Supply Chain Management |
7 |
2% |
The summer internship of batch 2022-24 recorded 100% placement with the participation of 109 companies and among them 41 were new recruiters. The highest stipend stood at INR 3.50 lakhs, the average at INR 1.39 lakhs and the median at INR 1.50 lakhs for 2 months. The Sales & Marketing domain was the best-performing domain with the most offers.
The domain-wise placement statistics are as follows:
Domains | Percentage of Students |
---|---|
Sales & Marketing | 49% |
Operations and IT | 19% |
Analytics and Consulting | 12% |
General Management | 11% |
Financial Management | 9% |
The sector-wise placement statistics are as follows:
Sectors | Percentage of Students |
---|---|
BFSI | 18% |
FMCG/ FMCD | 23% |
IT/ ITES | 16% |
Manufacturing | 13% |
Strategy & Consulting | 11% |
Miscellaneous | 19% |
Jobs and types of profiles are completely based on the specialization. As we look into the placement data of 2023, sales and marketing emerged as the most demanding specialization among students with approximately 98% of the students in this field being placed.
Over 80 companies participated, with the top recruiters including HDFC Bank, TATA Steel, IBM Bank, SAMSUNG, McKinsey & Company etc. The Banking, Financial Services and Insurance (BFSI) sector offered the most placements, providing prestigious profiles like business associate, senior lead associate, senior executive, senior associate, assistant manager etc.
Companies | |||
---|---|---|---|
Cognizant | Ernst & Young | Genpact | IBM |
Infosys | Mu Sigma | Accenture | Deloitte |
Tata Steel | Hero Motocorp | TVS Motors | HCL Technologies |
MAQ Software | Tresvista Financial Services | Vedanta | MindTree |
Tata Elxsi | Virtusa | ICICI Bank | ICICI Prudential |
Aakash Educational Services Ltd. | SUZLON | Larsen & Toubro Limited | Asian Paints |
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