As per the placement report 2023 (for PGP and IPM), the average package for the placement season was 30.21 LPA. The median package was 27.2 LPA. EY, HUL, Google, Hitachi, etc. visited the campus with placement offers.
As far as satisfaction goes, it is not only about the salary package. IIM Indore is a premier business school that offers top-class education and exposure. I know of people who graduated from IIM Indore and got decent-paying jobs. But their main goal is to earn a good certification and ample exposure in corporate. Their ultimate aim is to work on their startups. They want to build sustainable and successful enterprises.
This is my complete take on the placement stats at IIM Indore. I recommend you prefer a holistic approach while selecting your management college.
Having known some friends who graduated from IIM Indore, I would literally like to suggest you go for this program even if it sounds intense.
Categories | IPM at IIM Indore |
Course Fee | 26 lakh |
Highest CTC | 25 LPA |
Average CTC | 15-18 LPA |
Recruiting Companies | Wipro, IBM, Cognizant, Infosys, etc. |
Don’t be skeptical once you decide to enter into the programme, you shall love it slowly and gradually. Moreover, the real understanding and value among companies providing jobs will make it clearer as time passes by.
I have a few friends from IIM Indore and they received a form to be filled out before the IIM Indore IPM interview. It had some basic questions such as "Why do you want to join IPM?". The questions are very general and it is just there to gauge the opinions and interest of the candidate.
The interviewers usually read the answers and primarily ask the questions based on the answer written by the candidate on the form, thus it is important to fill it carefully. The interviewers just want to know your thoughts and writing skills in general.
The IPM (Integrated Programme in Management) selection process for IIM Indore includes a new component called the Written Aptitude Test (WAT). This component carries a weightage of 15% in the overall selection process.
The WAT tests candidates' English language skills and their ability to communicate. Language proficiency is vital, but it won't decide WAT's success.
It is important to ensure that whatever is written is grammatically correct as basic grammatical errors can harm the overall score. However, the focus should not be on using difficult or fancy English words. Instead, it is better to express oneself in the simplest way possible.
Candidates should avoid beating around the bush if they run out of ideas as this would result in negative points. It is recommended to pause and relate to the topic as this would help to develop better ideas to support the point of view.
Lastly, it is important to stick to the word limit provided for the WAT. The candidate should ensure that they do not exceed the word limit as this could lead to negative marking.
WAT component of the IPM selection process is designed to evaluate the candidate's ability to communicate effectively and not just their proficiency in the English language. Candidates should focus on expressing themselves in a clear and concise manner, avoiding basic grammatical errors, and sticking to the word limit provided.
Maths is comparatively tougher than the other two in the IPM aptitude test. So it is important that you prepare for it very thoroughly. The following are some books that are recommended.
Arun Sharma for CAT is an excellent book for practicing math skills. Just remember to quit when it becomes too much, otherwise, you'll end up squandering your time on just one subject.
Do not attempt any of the higher-level questions in it. But remember this book does not serve as a bible or anything and you’ll have to work very hard to crack this particular exam.
Besides, there is another book named “Word Power Made Easy” which is an excellent English textbook that is also enjoyable to read.
IPM program is a really good option for students after school. If you convert it, you should then definitely join IIM Indore. The IPM program's goodness is explained in the following points.
In the last two years of IPM students get the same opportunity as compared to the CAT students.
IPM encompasses a range of subjects spanning the disciplines of Science, Humanities, and Commerce. It's a hand-picked mix of some of the most useful subjects in these disciplines which will ultimately shape you into being a good manager.
The course also includes subjects on physical training and mental agility. It is a well-rounded course with a lot of depth vis-a-vis a routine MBA.
As far as the placements are concerned, many top-notch companies don’t allow IPM students to apply. Most of the IPM students join start-ups.
In the coming years, companies will be more inclusive during placements. This can be validated by comparing the placement of IPM students in successive years.
Preparing for the IIM Indore IPM interview requires some important considerations. The interview generally includes three types of questions - general knowledge questions, questions related to academics, and questions based on a candidate's interest. It is recommended that candidates keep themselves updated with current affairs, and have a good understanding of their past academic achievements.
The duration of the interview ranges from 20-35 minutes, and the evaluation criteria generally include a candidate's ability to communicate fluently, ability to make logical arguments, confidence, and overall attitude. Therefore, candidates should practice their communication skills and work on developing a positive attitude.
It is also important for candidates to be aware of the rationale behind pursuing the course and be determined about their goals. They should be prepared to discuss why they chose the IPM course and how it aligns with their career goals.
Apart from the above, candidates should also research the institute and the course to be able to answer questions about it. It is also advisable to practice mock interviews to gain confidence and prepare oneself for unexpected questions.
Honestly speaking, a career in investment banking should not be considered by the new IIMs. It’s a too ambitious profile to match the relatively new curriculum of these IIMs. Even if you are in a top B School, you will have to remain among the top students to get placed for a front-end role. One can still get roles in corporate & business finance but getting roles in Investment Banking is rather difficult.
Yet if you are not choosing an older IIM and want to choose a newer one, IIM Trichy is the best among them. The order is
IIM Trichy > IIM Udaipur > IIM Ranchi
There are many B Schools apart from IIMs that offer great Investment Banking roles. These include SPJIMR, JBIMS Mumbai, IIFT, and XLRI.
The placement statistics of IPM students at IIM Indore students are as follows
Particulars |
Placement Statistics |
Highest CTC |
INR 49 LPA |
Average CTC |
INR 25.1 LPA |
Median CTC |
INR 24.09 LPA |
Total Companies |
200+ |
Total Number of Students |
572 |