This IIM got Rs 54 Lakh as highest salary package, summer internship offer Rs 5 Lakh

Last update:December 13, 2024, 5:19 p.m. IST

During placements, the top 10% of the group got an average salary of Rs 48 lakh, while the top 50% got an average salary of Rs 35 lakh.

The latest placement drive is underway at top business schools in the country, including IIMs. The final placement season at IIM Mumbai, which began on November 25, has come to an end.

Microsoft offered the highest salary package of Rs 54 lakh per annum. Meanwhile, Coca-Cola offered a record stipend of Rs 5 lakh for a two-month summer internship.

This year, 78 companies participated in IIM Mumbai’s final placement season, offering a total of 373 job offers. These companies include major names like Amazon, Microsoft and Coca-Cola.

According to a report, a 15% increase in the average stipend was recorded for internships done at IIM Mumbai. During the internships, the top 10% of the group got an average salary of Rs 48 lakh. Meanwhile, the top 50% of the lot received an average salary of Rs 35 lakh.

IIM Mumbai is ranked sixth in the NIRF Rankings 2024. Formerly known as National Institute of Industrial Engineering Education (NITIE Mumbai) and later as National Institute of Industrial Engineering (NIIE), it has been renamed as Indian Institute of Management in 2023, becoming the 21st IIM in the country.

Registration for admission to MBA course at IIM Mumbai is open from November 4. The last date for registration is January 31, 2025. Personal admission interviews will take place in March-April 2025.