You read that right, that’s the highest salary graduates of IIM A’s MBA programme are taking home this year.
The institute released its audited final placements report under the Indian Placement Reporting Standards (IPRS) for the Class of 2014. According to the IPRS norms, these reports have been audited by CRISIL, an independent third-party auditor.
The average domestic salary (CTC) offered to PGPX graduates stands at Rs 26,74,736 this year and the average international salary is $144,040 (Rs 87,86,440)
While the average salary offered this year has remained flat compared to that offered last year (Rs 27,03,609), the minimum salary offered this year shows healthy growth: the minimum domestic salary offered last year was Rs 15,73,000 while it is Rs 17,00,924 this year, a growth of 8 percent over last year.
Surprisingly, the report released by IIM A does not mention the companies recruiting on campus this year. As per IIM A’s placement reports in the previous years, recruiters for PGPX students have included McKinsey, BCG, Google, Goldman Sachs, Accenture, HCL, KPMG among others.
This year’s report reveals that 7 students were unplaced at the time of making the report, which translates to a 91.2 percent employment by graduation.
While this may seem odd to some of our readers in India, as they are used to stories of 100% placement at IIMs for the two-year PGP programme which largely recruits candidates with 0-1 years work experience (and consequently stands accredited as a Masters in Management by global MBA accreditation body, Association of MBAs, UK), the figure is actually comparable or better than that quoted by most global B-Schools offering one-year and two-year MBA programmes targeted at professionals with on an average 5 years of work experience.
Experienced professionals tend to be choosy about the roles on offer given their extensive experience in certain sectors.
Meanwhile, IIM A’s two-year PGP programme saw graduates bagging a highest domestic salary of Rs 41,00,000, an average domestic salary of Rs 18,81,376 and a minimum domestic salary of Rs 10,00,000. The highest international salary offered to PGP students stood at $1,92,581, while the average international salary stood at $75,005.
30 companies extended 36 offers for students of IIM A’s agribusiness management programme (PGP-ABM) with Godrej Agrovet, GSFC, Kirloskar Oil India Limited and Naga Industries being the top recruiters. The programme saw the highest CTC of Rs 20.50 lakh as against Rs 19.73 lakh last year.
IIM A One Year MBA (PGPX) 2014 Placements in detail