The Indian Institute of Management Ahmedabad (IIM-A) and the Indian Institute of Management Mumbai (IIM-B) are coveted destinations for aspiring management professionals. Both institutions consistently rank among India’s top management schools, with IIM-A claiming the top spot in the NIRF Rankings 2024 for the management category while IIM-B securing sixth place. Beyond their excellent faculty, advanced curriculum, research facilities, and impressive campuses, these institutes stand out for their remarkable placement records.
This article dives deep into the placement statistics of these esteemed institutions over the past three years, comparing their performance and highlighting the factors that contribute to their distinct placement outcomes.
A Comparative Look at Placement Trends
Let’s analyze the placement data published by the National Institutional Ranking Framework (NIRF) under the management category 2024 for the two-year PG program:
| Academic Year | IIM Ahmedabad | IIM Mumbai |
|—|—|—|
| 2020-21 |
* Graduates: 429
* Placed: 428
* Median Salary: Rs. 27.6 Lakh |
* Graduates: 519
* Placed: 519
* Median Salary: Rs. 25.8 Lakh |
| 2021-22 |
* Graduates: 432
* Placed: 431
* Median Salary: Rs. 30 Lakh |
* Graduates: 521
* Placed: 521
* Median Salary: Rs. 31 Lakh |
| 2022-23 |
* Graduates: 435
* Placed: 423
* Median Salary: Rs. 31 Lakh |
* Graduates: 490
* Placed: 490
* Median Salary: Rs. 32 Lakh |
Key Insights from the Data
*
IIM-A’s Consistent Salary Growth:
While IIM-B boasts a consistently high placement rate, IIM-A showcases a remarkable upward trend in median salaries, highlighting its commitment to delivering exceptional value to its graduates.*
IIM-B’s Strong Placement Numbers:
Despite a slightly lower median salary, IIM-B consistently achieves close to 100% placement for its students, indicating a strong demand for its graduates in the job market.*
A Tale of Quality vs. Quantity:
This data suggests that IIM-A might be prioritizing quality over quantity in placements, focusing on securing high-paying roles for its graduates.
Conclusion
Both IIM-A and IIM-B are exceptional institutions that offer world-class management education. Their strong placement records reflect their high standards of academic rigor, industry connections, and emphasis on developing skills sought after by leading companies. Ultimately, the choice between these institutions comes down to individual aspirations and career goals.
While IIM-B’s higher placement numbers might appeal to some, IIM-A’s upward trajectory in median salary may be more attractive for others.
It’s important to remember that placement statistics are just one factor to consider when choosing a management program. Students should carefully evaluate their own interests, career aspirations, and the strengths and weaknesses of each institution before making an informed decision.
