IIM grads get a reality check in a tight job market

livemint.com:

₹27 lakh for the batch of 2022-24, unchanged from the previous 2021-2023 group, but higher than ₹26.5 lakh for the students of 2020-22 session. The institute, which last worked upon its course in 2020, is again reviewing it to improve engagement with companies so that placements do not suffer, "irrespective of the markets", said Chatterjee. The campus placement reports of some of the older IIMs also show a dip in the median compensation.

IIM-Lucknow's batch of 2024 got ₹27 lakh versus ₹30 lakh (2023) and ₹29 lakh (2022) in previous years. Median pay offered to graduates had risen right after the pandemic when companies were hunting for top talent. Those graduating in 2023 reaped the gains.

But campus placements felt the ripples once the firms were satiated and the global job market turned uncertain due to wars, venture capital and private equity funds tightened their purse, and IT sector cooled. IIM-Indore’s median pay illustrates this well: The payouts at the institute fell to ₹24.5 lakh for 2024 from ₹27.2 lakh in 2023, but are comparable with offers made in 2022 ( ₹24.09 lakh). IIM-Bangalore showed a similar trend with a median compensation of ₹32.5 lakh for the batch of 2024, compared with ₹33 lakh (2023) and ₹31.2 lakh (2022) in the two preceding years.