IIM-A clocks 29.5% rise in PG placement packages

Written by fe Bureau | Ahmedabad | Updated: Jul 18 2010, 03:39am hrs
In what comes as a breath of fresh air to management students in the countrys premier B-schools, Indian Institute of Management at Ahmedabad (IIM-A) clocked an impressive 29.5% increase in its placement packages for the prestigious one-year post-graduate programme in management for executives (PGPX), with average salaries hovering around Rs 26 lakh per annum.

The institute on Friday revealed placements statistics for the fourth batch of PGPX which graduated on March 27, 2010. Launched in 2006-07, PGPX is a one-year, full time, residential programme designed by IIM-A for professionals with substantial work experience and international exposure. According to a release issued by IIM-A, according to the norms followed by international MBA programmes, placement statistics are reported at the end of three months after graduation.

The batch attracted a diverse pool of recruiters from large MNCs and conglomerates to small and medium enterprises (SMEs) and start-up firms. Recruiters, amongst others, included McKinsey, Goldman Sachs, Axis Bank, Google, Amazon, TCS, IBM, Wipro, Mahindra Satyam, HCL, Infosys BPO, Polaris, Aricent, VBHDC, NISG, Genpact, Hero Honda, Mahindra and Mahindra, RIL, Tesco, RPG, Bennet Coleman, MARG and Zensar.

Of the 66 students seeking placements, 64 have been successfully placed. The average salary for the batch stood at Rs26.1 lakhan increase of 29.5% over the previous year. Students who participated in the placement process received, on an average, 1.77 offers per person. While IT / ITES and consulting were the industries of choice for the batch, project management, consulting, operations and business development emerged as the top chosen functions. Eight students of the batch are currently pursuing entrepreneurial ventures in a variety of fields such as clean energy and healthcare.

The batch had an average work experience of 10 years, with 80% of the batch having worked an average period of 5-years abroad. Apart from the traditional consulting and general management roles, students were offered the positions of CEO, executive director, senior VP, VP, general manager and practice partner. Two students from the 2010 batch are yet to be placed. The institute continues to provide support in their career search efforts by facilitating interaction with firms that express interest.