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IIM Mumbai Tops Salary Race Over IIM Ahmedabad
24 Nov
Summary
- IIM Mumbai leads with a Rs 33 lakh median salary.
- IIM Ahmedabad's median salary is Rs 31 lakh.
- Median salary offers a reliable placement strength indicator.

New data from the NIRF 'India Rankings 2025: Management' for the 2023-24 batch shows IIM Mumbai leading in median placement packages, offering Rs 33 lakh per annum. This places it ahead of its prestigious counterparts, IIM Bangalore (Rs 32.5 lakh) and the consistently top-ranked IIM Ahmedabad (Rs 31 lakh).
The rankings reveal a nuanced picture, where top NIRF positions do not always correlate with the highest salaries. Factors like student profiles—freshers versus experienced candidates—influence median salaries, with IIM Ahmedabad admitting more freshers potentially lowering its median.
Experts emphasize that median salary provides a more robust measure of a business school's placement strength than the highest individual package. This figure represents the central tendency, offering a clearer view of typical graduate earnings and overall program value.



