IIM Raipur Placements 2023: 100% students placed; highest salary at Rs 67.60 lakh

NEW DELHI : 255 students of the Indian Institute of Management (IIM) Raipur who participated in the placements 2023 have been placed successfully. The highest CTC grabbed by a student in the placements stood at Rs 67.60 lakh per annum. The average salary this year stood at Rs 21.04 lakh with a 19% increase from last year whereas the median CTC was Rs 20 lakh marking an 18% increase.

The top 10% students of IIM Raipur received an average salary of Rs 34.64 LPA while the top 25% got Rs 28.25 lakh. The top 50% students grabbed Rs 24.77 LPA as the average CTC. A total of 107 companies participated in the IIM Raipur placements 2023 including 32 new.

Also Read | IIM Sambalpur Placement 2023: Highest domestic package stands at Rs 64.61 lakh, 147 % higher than last year

Sector-wise, the highest recruiting sector was banking financial services and insurance (BFSI) hiring 32% students with an average and maximum CTC of Rs 21.02 lakh and Rs 32.50 lakh, respectively. The IT or ITES was the second-highest recruiting sector making 23% offers with Rs 21.29 lakh and Rs 43.43 LPA as average and maximum CTC respectively. This was followed by strategy and consulting with 14% recruitments and an average of Rs 19.64 lakh and highest salary of Rs 32.21 lakh.

The FMCG or FMCD sector recruited 12% students with an average of Rs 21.78 lakh and highest at Rs 67.60 lakh. Manufacturing domain also recruited 12% with an average of Rs 22.39 lakh and highest Rs 62.00 LPA,while 7% were recruited in miscellaneous with an average of Rs 19.55 lakh and highest salary at Rs 25.50 lakh.

Also Read | FMS Placements 2023: 100% students placed; highest domestic CTC at Rs 1.23 crore

The sales and marketing domain had the highest (29%) number of students placed with an average CTC of 20.98 LPA and highest CTC of Rs 67.60 lakh, followed by analytics and consulting recruiting 28% with an average salary of Rs 19.09 LPA and highest of Rs 32.21 lakh. The operations and IT made 20% recruitments with an average of Rs 23.00 lakh and highest of Rs 43.43 LPA, financial management 12% recruitments with average CTC of Rs 20.87 LPA and highest of Rs 32.50 lakh, general management (11% recruited, average of Rs 22.94 LPA and highest of Rs 62.00 LPA).

IIM Raipur summer internship placements also recorded an increase of 16% in the average stipend which stood at Rs 1.39 lakh, and the highest stipend was Rs 3.50 lakh. A total of 109 companies visited for summer placements and the batch of 328 first-year students secured 100% placements. The median stipend was Rs 1.50 lakh with a 50% increase from last year.

Also Read | IIM Bangalore’s business incubator has helped over 600 women entrepreneurs build, scale up

The top 10% students got an average stipend of Rs 2.79 lakh, the top 25% got Rs 2.43 lakh and the top 50% got Rs 2.11 lakh as the average stipend.

Professor Ram Kumar Kakani, IIM Raipur director, said, “We are thrilled with the success of our students in the placements, which is a testament to their hard work and the quality of education we provide. We will continue to strive towards excellence and prepare our students to become leaders in their respective fields”. Prof. Parikshit Charan, Chairperson (Placements), said, “Our highlights reflect the dedication of our faculty, students, alumni, employers, and stakeholders at large who help create leaders who are prepared and energized to transform the business”.