Struggling with the headwinds of global slowdown and the excess hiring during the post-covid job boom, the placement process for the eighteenth batch of the One Year Post-Graduate Program in Management for Executives (PGPX) at IIM Ahmedabad witnessed a dip in placements with 121 students out of a batch of 147 bagging jobs.
According to a press release issued by the premier management school, around 105 companies from diverse sectors participated in the placements.
More than 150 offers were made for the 126 students eligible and appearing for the placement process. Five students of the 2024 batch remained unplaced while 21 students did not seek placement through the institute. Furthermore, 119 offers out of 121 offers made were for domestic roles while two offers were for international roles.
As per the IPRS report, the maximum earning potential for the lowest offer made to the participants is around Rs 21 lakh while the maximum earning potential is around Rs 55 lakh. The mean salary-head for the domestic offers is around Rs 36.5 lakh and the median salary head is Rs 35 lakh. Apart from the domestic offers, the maximum earning potential for the two international offers is pegged at $1,26,564.
With the hiring of around 35 percent of the students(26 students), consulting firms (Management and Technology) emerged as the largest recruiters followed by Information Technology (IT) Services, BFSI and Healthcare sectors by hiring 18 percent (16 students), 11 percent (13 students) and 10 percent (12 students) of the students, respectively.
Some positions for which students, including women students, were hired include Chief Product Officer, Vice President, Associate Director, Associate Vice President, Leadership Programs, Program Head, Product Head, & Consultant, among others. Bengaluru, Mumbai and Delhi, with 45, 24 and 20 offers respectively, are the top locations that students accepted offer letters for.
Professor Viswanath Pingali, Chairperson of the Placement Committee said, “Despite challenging economic conditions, this year’s One Year MBA (PGPX) placements have demonstrated exceptional performance. These statistics clearly illustrate the consistent confidence shown by the industry in our programme. Additionally, the interest from several new recruiters this year suggests the growing popularity and strong reputation of the programme amongst the recruiters”