IIn 2023, many Indian business schools (including the big wigs) have seen a significant slowdown in salary growth, seeing single-digit percentage increases in salaries from last year's phenomenal placements season. So, where do the IITs stand in all of this? How have their MBA salary and recruitment numbers evolved from last year? As it turns out, the IITs have done reasonably well this year, with most IITs seeing a significant uptick in salaries for their MBA batches. Here's a breakdown of the IIT MBA placements 2023, including key salary and recruitment statistics compared year-on-year.
MBA salaries up at the IITs, biggest gains at IIT Madras
The 2023 placements season went exceptionally well for IIT Madras — the institute saw the average salary go up by a massive 21% over last year, also seeing a 21% increase in the highest salary offered. IITs Bombay, Delhi, Roorkee, Kanpur, and Kharagpur also saw significant gains. IITs Kharagpur and Delhi, in particular, saw an impressive 16%+ increase in the median salaries.
- Highest salary offered at SJMSOM IIT Bombay, standing at 54 lakhs.
- Average salary is highest at SJMSOM IIT Bombay, standing at 28.88 lakhs.
- Median salary is highest at SJMSOM IIT Bombay, standing at 26.64 lakhs.
- The lowest salary range extended from 11.60 lakhs (IIT Roorkee) to 20 lakhs (IIT Bombay) - based on available data
Also Read → IIT Delhi MBA Placements 2023: Average Salary up by 18%
Mixed bag of domain/sector preferences at the IITs
Other important salary and recruitment highlights from IIT MBA placements
Read Next → SJMSOM IIT Bombay Placements 2023: Average Salary up by 11%
