SJMSOM IIT Bombay's final placement report is out! In 2023, the institute saw an 11% rise in average MBA batch salary, with the highest salary reaching INR 54 lakhs. The lowest salary offered increased by 18% to INR 20 lakhs. Female candidates' average salary slightly decreased while the median salary increased to almost 29 lakhs. The top brands on campus included Amazon, Accenture, Google, P&G, JP Morgan, Asian Paints, ITC, and HUL amongst many others. Here's a quick breakdown of MBA placements at IIT Bombay in 2023.
Average salary up by 11%, median up by 3%
In 2023, SJMSOM witnessed an 11% uptick in the average salary for the MBA batch. The median salary increased marginally by 3%. The highest salary went up to INR 54 lakhs, increasing by 10% over last year.
IIT Bombay's SJMSOM is one of the few management institutes that reveals the lowest salary offered in a placements season. In 2023, the lowest salary stood at an impressive INR 20 lakhs, up by 18% year-on-year.
On average, female candidates received a salary of INR 29.35 lakhs, which actually fell marginally compared to last year. The median salary saw an increase, touching nearly 29 lakhs in 2023.
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IT/Ecommerce emerges as top-paying sector on average
The average salary for students placed in the IT and Ecommerce sector stood at INR 31.72 lakhs. 17% of the batch was placed in this sector.
FMCG, FMCD, Conglomerates and companies classified under 'Others' emerged as the best paymasters, on average.
Leading brands across industries hire from SJMSOM's talent pool
The financial sector witnessed renowned recruiters such as DBS Bank, Edelweiss Alternative Asset Advisors, Fullerton India, ICICI Bank, Indus Valley Partners, JP Morgan Chase & Co., Nomura, and Yes Bank offering prestigious positions in various areas including Credit Analysis, Digital Business, Financial and Capital Reporting, Investment Banking, Product Management, Treasury, and Wholesale Banking.
Prominent consulting firms such as Accenture Strategy, Deloitte USI, GEP, IBM Consulting, Nation with Namo, PwC US Advisory, and Quintics offered highly sought-after roles in Business Transformation Consulting, Data Analytics, Management Consulting, Operations Consulting, Private Equity Value Creation, Strategy Consulting, and Supply Chain & Procurement Consulting.
Eminent firms like Accenture, Amazon, EXL Analytics, Google, HCLTech, and Wipro were among the top recruiters in the sector, offering roles in Corporate Branding, Cybersecurity, Data Science & Analytics, Pre-Sales Consulting, Program Management, Project Management, Quality & Process Excellence, Solution Stream, Strategy Consulting, among others.
FMCG and FMCD giants such as Asian Paints, Atomberg, Colgate Palmolive, Diageo, HUL, ITC, Kimberly Clark, Marico, Mondelēz International, P&G, Reckitt, and Tata Consumers Products Ltd. offered roles in Digital & Technology, IT, Operations, Sales & Marketing, Supply Chain Management, Strategy, and Systems, among other areas.
Conglomerates like ABFRL, Adani Group, Cargill, and Reliance Industries Ltd. offered roles in Operations, Retail Planning, Strategy, and Supply Chain Planning, among others. Games24x7, Landmark Group, Playsimple Games, Rebel Foods, Reliance Jio, Sobha Realty, and Sun Pharma were among the distinguished recruiters offering roles in Marketing, Operations, Product Management, and Supply Chain Management.
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