IIM Mumbai bags record-high 51 LPA package, notches a 20% uptick in recruiters for the year

The Indian Institute of Management, Mumbai (IIM Mumbai), formerly known as the National Institute of Industrial Engineering (NITIE), has reported a noteworthy 20% growth in the number of recruiters in comparison to the previous year. This encouraging development was noted during the recently conducted Phase I of the placement drive. NITIE, established in 1963, underwent a transformation into IIM in August of the current year.

The institute's upgraded status has generated a favourable market perception. Additionally, the revamped curriculum, aligned with other IIMs across the country, has played a pivotal role in attracting renowned companies such as Microsoft, Goldman Sachs, Pine Labs, and other prominent national and global giants.

In tandem with the surge in recruiters coming to the campus, the institute witnessed a substantial rise in the highest offered package, reaching an impressive 51 LPA this year. Notably, the average package, which previously stood at 31 LPA, reflects the positive trend. The Common Recruitment Program for recent graduates is scheduled for January, and the institute is optimistic about a successful Phase II placement drive, given the notable interest expressed by various companies.