IBS Mumbai completed placements for the PGPM Class of 2025 with a placement rate of 95% and an average package of INR 7.89 LPA. Financial Services hired 24% of the batch, followed by Banking at 15% and IT/ITES at 12%. Together, these three sectors represented 51% of placements.

The campus recorded average packages between INR 7.89 LPA and INR 8.17 LPA across the last three batches, with the Class of 2023 reporting the highest average. Its location in the Mumbai Metropolitan Region supports participation from banking, financial services and consulting companies based in India’s financial capital. For 2025, ICFAI also reported that IBS campuses other than Hyderabad had average packages above INR 7 LPA.

IBS Mumbai PGPM Placement Highlights

IBS does not publish a separate official placement report for its Mumbai campus. The campus figures below should be treated as a guide because they have not been independently audited.

Particulars Class of 2025 Class of 2024 Class of 2023
Average Package INR 7.89 LPA INR 8.03 LPA INR 8.17 LPA
Highest Domestic Package INR 20 LPA INR 20 LPA INR 18.8 LPA
Highest International Package - INR 18 LPA INR 11.13 LPA
Top 10% Average INR 11.97 LPA INR 13.56 LPA INR 13.3 LPA
Top 25% Average INR 10.67 LPA INR 11.45 LPA INR 11.01 LPA
Placement Rate 95% 98% 98%
Total Recruiters 300+ 300+ 300+
  • The three-year average package remained within INR 7.89 LPA to INR 8.17 LPA, reaching its highest level for the 2023 batch.
  • Students in the top 10% recorded average packages ranging from INR 11.97 LPA to INR 13.56 LPA, well above the overall batch averages.
  • The placement rate was 98% for both 2024 and 2023 before changing to 95% in 2025.

IBS Mumbai Sector-Wise Placements

For the Class of 2025, Financial Services had the largest placement share at 24%. Banking accounted for 15%, while IT/ITES contributed 12%. Insurance and Consulting each hired 7% of the batch. The strong BFSI presence is linked to the campus location and the finance specialisation tracks offered through the PGPM program.

Sector Share of Placements, Class of 2025
Financial Services 24%
Banking 15%
IT/ITES 12%
Consulting 7%
Insurance 7%
Infra/Telecom/Real Estate 7%
FMCG and Retail 4%
E-Commerce 3%
Education 3%
Other Services 3%
Manufacturing and Construction 3%
Hospitality and Tourism 2%
Logistics 2%
Media and Research 1%
Pharma and Healthcare 1%

IBS Mumbai Top Recruiters

  • Banks and financial organisations form a major part of the IBS Mumbai recruiter group. Regular participants include HDFC Bank, ICICI Bank, Axis Bank, Kotak Mahindra Bank and JP Morgan. Deloitte, EY, PwC and KPMG recruit students for advisory and analytics positions.
  • TCS, Wipro, Oracle, HCL Technologies and Cognizant offer enterprise and project management roles. Asian Paints and Tata Capital represent the consumer and retail segment, while Zomato is among the participating e-commerce companies.

More than 300 companies take part in the placement process each year.

Sector Key Recruiters
Banking and BFSI HDFC Bank, ICICI Bank, Axis Bank, Kotak Mahindra Bank, JP Morgan, Tata Capital, A.K. Capital Services
Consulting Deloitte, EY, PwC, KPMG, Infosys Consulting, Cushman and Wakefield
Technology TCS, Wipro, Oracle, HCL Technologies, Cognizant, Tech Mahindra
Consumer and FMCG Asian Paints, Aditya Birla Group
E-Commerce and Others Zomato, Vedanta

IBS Mumbai Placement FAQs

Ques. How much was the average package at IBS Mumbai?

Ans. The PGPM Class of 2025 received an average package of INR 7.89 LPA. The corresponding averages were INR 8.03 LPA for 2024 and INR 8.17 LPA for 2023. ICFAI reported average packages above INR 7 LPA for all IBS campuses apart from Hyderabad during the 2025 placement season.

Ques. What percentage of IBS Mumbai students secured placements?

Ans. Placement rates stayed between 95% and 98% over the last three batches. The rate was 98% for the Classes of 2024 and 2023, compared with 95% for the Class of 2025. Each year, more than 300 companies participate in placements.

Ques. Which industries hired the most students from IBS Mumbai?

Ans. Financial Services led Class of 2025 hiring with a 24% share. Banking followed at 15%, and IT/ITES accounted for 12%. These three sectors together made up 51% of placements. Consulting and Insurance each contributed another 7%. The campus location in India’s financial capital supports its strong connection with banking and financial services employers.

Ques. Is a separate placement report released for the IBS Mumbai campus?

Ans. The official IBS website reports placement information for the complete campus network rather than publishing a separately audited Mumbai campus report. Its 2025 network statement showed that every IBS campus other than Hyderabad recorded an average package above INR 7 LPA.

Ques. How do IBS Mumbai placements differ from IBS Hyderabad placements?

Ans. For the Class of 2025, IBS Hyderabad recorded an average package of INR 9.82 LPA, while IBS Mumbai recorded INR 7.89 LPA. Hyderabad, the flagship and largest IBS campus, also had a broader recruiter group, with more than 161 companies participating in recent batches. The Mumbai count is above 300, although some counts use the wider IBS network figure. The batch sizes also vary: Hyderabad has cohorts of 1,200-1,320 students, while the Mumbai campus has a smaller batch.