![ICFAI Business School - [IBS]](https://image-static.collegedunia.com/public/college_data/images/logos/1569392001IBSLogowithR1.jpg?h=71.7&w=71.7&mode=stretch)
The highest package offered at IBS Mumbai is INR 20 Lakhs, while the average package stood at INR 7.89 Lakhs. Various recruiters participated in the recruitment process of IBS Mumbai including Aditya Birla Group, Amazon, Avery Dennison, Bank of America, CA Technologies and more.
IBS Mumbai, part of the ICFAI Business School network, completed placements for the PGPM Class of 2025 with an average package of INR 7.89 LPA and a placement rate of 95%. Financial Services (24%), Banking (15%), and IT/ITES (12%) were the top three hiring sectors, collectively accounting for 51% of placements. An ICFAI network-wide press release for 2025 reported that other IBS campuses beyond Hyderabad delivered average packages above INR 7 LPA, consistent with these campus-level figures.
The IBS Mumbai campus benefits from proximity to India’s financial capital, drawing participation from banking, financial services, and consulting firms headquartered in the Mumbai Metropolitan Region. Over three batches, average packages have ranged from INR 7.89 LPA to INR 8.17 LPA, with the 2023 batch recording the highest average across the period.
IBS Mumbai PGPM Placement Highlights
Note: Campus-specific placement data is not separately disclosed on the official IBS website. Figures below are sourced from published placement data and should be read as indicative rather than independently audited disclosures.
| Particulars | Class of 2025 | Class of 2024 | Class of 2023 |
|---|---|---|---|
| Average Package | INR 7.89 LPA | INR 8.03 LPA | INR 8.17 LPA |
| Highest Domestic Package | INR 20 LPA | INR 20 LPA | INR 18.8 LPA |
| Highest International Package | - | INR 18 LPA | INR 11.13 LPA |
| Top 10% Average | INR 11.97 LPA | INR 13.56 LPA | INR 13.3 LPA |
| Top 25% Average | INR 10.67 LPA | INR 11.45 LPA | INR 11.01 LPA |
| Placement Rate | 95% | 98% | 98% |
| Total Recruiters | 300+ | 300+ | 300+ |
Key Takeaways:
- Average packages have ranged from INR 7.89 to 8.17 LPA over three years, with the 2023 batch recording the peak.
- The top 10% of each batch earns INR 11.97-13.56 LPA, indicating a meaningful spread above the batch average.
- Placement rates held at 98% for the 2024 and 2023 batches before settling at 95% in 2025.
Sector-Wise Placement Breakdown
Financial Services led with 24% of placements for the Class of 2025, followed by Banking at 15% and IT/ITES at 12%. Consulting and Insurance each contributed 7%. This concentration in BFSI sectors reflects the campus’s location and the finance specialisation tracks within the PGPM program.
| Sector | Share of Placements (Class of 2025) |
|---|---|
| Financial Services | 24% |
| Banking | 15% |
| IT/ITES | 12% |
| Consulting | 7% |
| Insurance | 7% |
| Infra/Telecom/Real Estate | 7% |
| FMCG and Retail | 4% |
| E-Commerce | 3% |
| Education | 3% |
| Other Services | 3% |
| Manufacturing and Construction | 3% |
| Hospitality and Tourism | 2% |
| Logistics | 2% |
| Media and Research | 1% |
| Pharma and Healthcare | 1% |
Top Recruiters at IBS Mumbai
- Banking and financial institutions dominate the recruiter base at IBS Mumbai. HDFC Bank, ICICI Bank, Axis Bank, Kotak Mahindra Bank, and JP Morgan are regular participants. Consulting and advisory firms including Deloitte, EY, PwC, and KPMG recruit for analytics and advisory roles.
- Technology companies including TCS, Wipro, Oracle, HCL Technologies, and Cognizant hire for enterprise and project management functions. Consumer and retail recruiters include Asian Paints and Tata Capital, while e-commerce companies such as Zomato also participate.
| Sector | Key Recruiters |
|---|---|
| Banking and BFSI | HDFC Bank, ICICI Bank, Axis Bank, Kotak Mahindra Bank, JP Morgan, Tata Capital, A.K. Capital Services |
| Consulting | Deloitte, EY, PwC, KPMG, Infosys Consulting, Cushman and Wakefield |
| Technology | TCS, Wipro, Oracle, HCL Technologies, Cognizant, Tech Mahindra |
| Consumer and FMCG | Asian Paints, Aditya Birla Group |
| E-Commerce and Others | Zomato, Vedanta |
The comparison in placement among all IBS campuses
IBS Mumbai Placement FAQs
Ques. What is the average salary at IBS Mumbai?
Ans. The average salary for the PGPM Class of 2025 at IBS Mumbai was INR 7.89 LPA. For the Class of 2024 it was INR 8.03 LPA and for the Class of 2023 it was INR 8.17 LPA. An official ICFAI network press release confirmed that IBS campuses beyond Hyderabad reported average packages above INR 7 LPA for the 2025 season.
Ques. What is the placement rate at IBS Mumbai?
Ans. IBS Mumbai reported placement rates of 95-98% across the last three batches. The 2023 and 2024 batches achieved 98%, while the 2025 batch reported 95%. Over 300 companies participate in the placement process each year.
Ques. Which sectors recruit most from IBS Mumbai?
Ans. Financial Services (24%), Banking (15%), and IT/ITES (12%) are the top three sectors for the Class of 2025, together accounting for about half of all placements. Consulting and Insurance each contributed 7%. The BFSI-heavy pattern reflects the campus’s location in India’s financial capital, where banking and financial services firms are concentrated.
Ques. Does IBS Mumbai publish separate placement data from the rest of the IBS network?
Ans. The official IBS website publishes network-wide placement data covering all campuses. Campus-specific breakdowns for Mumbai are available through third-party sources but are not separately disclosed or audited in an official IBS Mumbai placement report. The network-wide 2025 press release confirmed all IBS campuses beyond Hyderabad delivered average packages above INR 7 LPA.
Ques. How does IBS Mumbai placement compare to IBS Hyderabad?
Ans. IBS Hyderabad, as the flagship and largest campus, reported a higher average of INR 9.82 LPA for the Class of 2025, compared to INR 7.89 LPA at IBS Mumbai. The Hyderabad campus also draws a larger recruiter base, with 161-plus companies for recent batches versus 300-plus for Mumbai (though the Mumbai figure covers the broader network in some counts). Batch sizes also differ: IBS Hyderabad operates with cohorts of 1,200-1,320 students, while IBS Mumbai is smaller.
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