The Indian Institute of Management Calcutta (IIMC) and the Indian Institute of Management Mumbai (IIMM) are highly sought-after destinations for aspiring management professionals. Both consistently secure top 10 positions in the National Institutional Ranking Framework (NIRF) Management Category, solidifying their reputation for excellence. But beyond the prestige, students are naturally drawn to the promise of successful careers. This begs the question: which of these esteemed institutions excels in placement records? Let’s delve into the comparative data from the last three academic years, shedding light on the placement landscape at IIMC and IIMM.
Looking at the data, IIMC consistently graduated a slightly higher number of students than IIMM. In the academic year 2021-22, IIMC graduated 540 students compared to IIMM’s 521. However, IIMM saw a decrease in graduates over the three years, from 519 in 2020-21 to 490 in 2022-23.
In terms of median salary, both institutions saw positive growth. IIMC’s median salary steadily increased from Rs. 27.6 lakhs in 2020-21 to Rs. 33.6 lakhs in 2022-23. IIMM also showcased an upward trend, with the median salary rising from Rs. 25.8 lakhs in 2020-21 to Rs. 32 lakhs in 2022-23.
While IIMC consistently offered higher median salaries than IIMM, the gap narrowed in 2021-22 when both institutions reported a median salary of Rs. 31 lakhs. However, in 2022-23, IIMC again led with a median salary Rs. 1.6 lakhs higher than IIMM.
An interesting observation is that no student from either institution opted for higher education during these three years, indicating a strong preference for entering the workforce immediately after graduation. This highlights the confidence both institutions instill in their graduates about their career prospects.
In conclusion, both IIMC and IIMM demonstrate robust placement performance and salary growth. IIMC has maintained a slight edge in the number of graduates and median salary, especially in the most recent year. Nevertheless, IIMM remains competitive, particularly given its consistent salary improvements. The data suggests that both institutions offer excellent pathways to rewarding careers in management.
