IIM Ahmedabad Placements 2023: Achieving a Remarkable Highest CTC of INR 1.15 CPA

  •  Content Writer : Gurleen Kaur
  • 02-08-2023

In 2023, IIM Ahmedabad achieved remarkable success in its final placements, registering an impressive average and highest salary package. Major companies have participated in this process and various job opportunities have been provided to the students in different sectors.

IIM Ahmedabad Placements 2023: IIM Ahmedabad achieved exceptional results in its 2023 placements, boasting an impressive average salary package of INR 34.3 LPA, with the highest package reaching a record-breaking INR 1.15 CPA. The final placement process for the MBA class of 2023 in the Post Graduate Programme was successfully conducted during the months of January-February in 2023. Although the official website is yet to publish the final placement statistics report, the institute's accomplishments are remarkable. 

During the final placements, companies from diverse industries participated, with the recruitment process being divided into three clusters. All students found successful placements across 23 different groups or categories. As per IIM Ahmedabad Placement Report 2023, a total of 188 firms participated offering approximately 280 job roles, including Pre-Placement Offers (PPOs). Notably, McKinsey & Company and Boston Consulting Group emerged as significant contributors, making the majority of on-campus job offers within their respective cohorts.

Moving on to the summer placements for the 2022-24 batch at IIM Ahmedabad's Cluster 3, they were completed on November 7. A total of 35 firms participated in these placements, seeking to hire students from diverse sectors such as BFSI, Consumer Technology, EdTech, IT Consulting & Analytics, and others. TCS stood out as the leading recruiter, extending 11 job offers to the students.

Highlights of IIM Ahmedabad Final Placements 2023 


Placement Statistics(2023)

Highest Package 

1.15 CPA

Lowest Package 

34.3 LPA

Total Firms Participated 


Total Offers Made 


Most Offers By the Company 

McKinsey & Company (34 offers); Boston Consulting Group (33 offers)

Largest Recruiter Among Investment Banks 

Goldman Sachs (8 offers)

followed by o3 Capital with 3 offers

Types of Recruitment Process and Duration 

  1. Summer Placement (October-November)
  2. Lateral Placement(January- February)
  3. Final Placement (February-March)

Recruitment System 

Cohort Based System (before one or two months from final placements)

Additional Information About the Top Recruiters Regarding Increase in Net Offers


Increase in Net Offers 

Conglomerate Cohort 


Private Equity, VC & Asset Management


Cards & Financial Advisory


Total Number of Offers Made by the Companies of General Management and IT Consulting Cohort 


Highest No. of Offers Made


10 offers (including pre-placement)

Essar Group 

8 offers


10 offers (including PPO)

Highest Number of Offers Made by the Companies During Lateral Process 


Highest No. of Offers Made


13 offers


10 offers

American Express

6 offers 

Angel One

6 offers

Furthermore, the placement process in 2023 at IIM Ahmedabad was conducted in two stages. These two stages are explained as given below: 

  1. Summer Placements: These were conducted from October to November for the first-year students to undergo internships and gain industrial experience.
  2. Lateral Placement: This stage involved recruiters interviewing students who had prior work experience. It was mostly conducted one or two months before the final placement, from January to February.
  3. Final Placement: This was the second stage, where companies were mainly grouped into cohorts including general management, IT consulting, Asset Management, and more. During this placement, a maximum of the students were recruited. 

Final Placement Process in Detail 

The Final Placement Process at IIM Ahmedabad happened in several stages, each contributing to the successful placement of the MBA Class of 2023. The process was designed to ensure that all students found suitable job placements based on their skills, interests, and career aspirations.

Stage 1: Laterals Process

The first stage of the placement process was the Laterals process. During this phase, firms interviewed students with prior work experience and offered them mid-level managerial positions. A total of 36 firms participated in this stage, representing diverse sectors such as technology, banking, finance, consulting, analytics, and more. 

Stage 2: Finals

In the second stage, known as the Finals, the firms were further divided into cohorts based on their core business areas. Groups of cohorts were then invited to the campus across different clusters to conduct the placement process.

The Final Job Offers were extended to the selected candidates after a rigorous interview process. These offers included details about the job positions, salary packages, and other benefits, enabling the students to embark on their professional journeys with confidence.

About Indian Institute of Management, Ahmedabad 

Indian Institute of Management, Ahmedabad (IIM Ahmedabad) is a premier management institute in India. It is one of the top business schools in the country and holds a prestigious reputation worldwide. Established in 1961, IIM Ahmedabad offers various management programs, including Post Graduate Program in Management (PGP), Fellow Program in Management (FPM), Executive MBA and various executive education programs. The IIM Ahmedabad placements packages encompass a wide range, starting from lakhs and going up to crores.