Indore (Madhya Pradesh): The Indian Institute of Management (IIM)-Indore has witnessed a remarkable upward trajectory in average salaries offered to its graduating students over the past decade, with only a single year of decline — a rare slump in an otherwise consistent growth story.
A closer look at the placement data from 2016 to 2025 revealed that the average annual package for graduates had nearly doubled, climbing from Rs 15.67 lakh per annum (LPA) in 2016 to Rs 29.57 LPA in 2025. This marks an impressive overall growth of 88.7 per cent over the 10-year period.
The trend shows continuous gains from 2016 to 2023, peaking at Rs 30.21 LPA in 2023. The only dip came in 2024, when the average salary fell to Rs 25.68 LPA — a drop of around 15 per cent from the previous year.
Experts attributed this to market corrections following a post-pandemic hiring boom and global economic uncertainties impacting recruitment budgets.
The sharpest hike in average salaries was recorded in 2023, when packages surged by 20.8 per cent compared to the previous year. On the other hand, the smallest growth came in 2021, with an increase of just 3 per cent, indicating a slowdown possibly linked to the pandemic’s economic aftershocks.
However, the recovery after the 2024 setback was swift. In 2025, the average package rebounded to Rs 29.57 LPA, signalling renewed recruiter confidence and strong demand for IIM-Indore graduates in consulting, finance, technology and FMCG sectors.
Placement committee officials credited the institute’s consistent performance to its strong corporate engagement, updated curriculum and a talent pool skilled in diverse management domains. Recruiters, in turn, showed sustained interest, even during periods of macroeconomic volatility.
With global hiring sentiment stabilizing, domestic industries expanding, and a surge in demand for managerial talent in emerging sectors, IIM-Indore’s placement trajectory appears poised to maintain its upward momentum, reinforcing its position among India’s top-tier business schools.
Key insights
Decade-long growth: Average salaries almost doubled between 2016 and 2025.
Only one dip: The only drop was in 2024, likely due to economic headwinds.
Strong recovery: A double-digit percentage rebound in 2025 shows resilience.
Record high: 2023 remains the all-time peak at Rs 30.21 LPA.
Year-wise average salary trends
2016 15.67 +10%
2017 16.23 +3.6%
2018 18.17 +11.9%
2019 20.79 +14.4%
2020 22.92 +10.2%
2021 23.60 +3.0%
2022 25.01 +6.0%
2023 30.21 +20.8%
2024 25.68 -15.0%
2025 29.57 +15.2%
