IIM-A executive grads fetch top salaries in placements

Ahmedabad, Mar 29 | Updated: Mar 30 2007, 07:42am hrs
It is raining hefty pay packages once again at the countrys premier business school, India Institute of Management, Ahmedabad (IIM-A), as a total 58 students of the one year Post Graduation Programme for Executives (PGPX) have fetched an average domestic salary of Rs 24.65 lakh annually, while the average international salary offered is $1.35 lakh per annum.

Announcing the outcome of the final campus placement of the one-year programme launched in 2006 , Bakul Dholakia, director of IIM-A, said that 58 students from PGPX were available for placement, out of which 42 had received domestic offers, while 14 students had accepted overseas placements. 54 companies participated in the campus placement and 135 offers were made to the students.

Dholakia also informed that the highest international salary offered was $2.5 lakh per annum, while the highest domestic salary was Rs 60 lakh. Interestingly, the salaries that the students received after completing the programme were higher than the salaries they were drawing prior to joining the post-graduate programme. According to Dholakia, those students, who had international placements before joining the programme, had received 79% higher salaries after completing the one year programme. Those who had domestic jobs have received 168% higher salaries.

The average salaries offered to PGPX students are much higher than the average salaries offered to two-year PGP students. However, Arvind Sahay, coordinator, PGPX Placements, said, We should not make comparisons between PGP and PGPX students as PGP students are either fresh or have little work experience, while PGPX students have work experience and that is why they have been offered higher salaries.