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IIM A Placements 2019 (MBA for Executives/ 1 Year MBA / ): Rs 60 Lac Highest, Rs 30 Lac Avg. India Salary

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IIM Ahmedabad 2019 Placements – 1 Year MBA / MBA for Executives (PGPX)  – Full Report

IIM Ahmedabad has released the placement report for the One Year MBA / MBA for Executives (Post Graduate Program for Executives – PGPX) Class of 2019 on August 6, 2019.

IIM Ahmedabad is one of the few B-Schools to adhere to the Indian Placement Reporting Standards (IPRS) as per which placement numbers are provided as per a pre-approved standard format and the all placement numbers are are audited for accuracy by an external agency. The IIM Ahmedabad 1 Year MBA / PGPX Placement Report 2019 has been audited by the Brickwork Ratings India Pvt Ltd.

The final placement process for the Class of 2019 of the IIM Ahmedabad One Year MBA Programme, the full-time Post Graduate Programme in Management for Executives (PGPX), started in November 2018 and was completed in June end 2019. 

IIM A 1 Year MBA / MBA for Executives Placements 2019  – Highlights

  • Higher domestic salary in 2019 compared to 2018:IIM Ahmedabad has shared that the highest domestic salary for One Year MBA / MBA For Executives (PGPX) has also gone up to Rs.60 Lacs per annum in 2019 as compared to Rs.54.6 LPA in 2018
  • Higher international Salary in 2019 compared to 2018: The international package of $ 109,666 (Rs.76.76 lakhs) is much higher than the highest package of $70,252 bagged by a student in 2018
  • The highest international salary figure is the same as the average international salary figure as there was only 1 international offer
  • Average domestic salary for PGPX in 2019: Rs.30,35,708
  • Minimum Domestic Salary for PGPX in 2019: Rs 17,00,000
  • 75 Recruiters offered 290 different roles
  • 27 New Recruiters made offers in Placement 2019
  • 114 offers were accepted by the students
  • One student was offered International Placement in Europe
  • Top Recruiters:McKinsey, Microsoft, Amazon, Ericsson, Google, Accenture, Adani Group, Adidas AG,  Genpact, HSBC, ICICI Bank, Infosys, OYO, Uber
  • 20 students of IIM Ahmedabad one year programme (PGPX) did not seek placements through the institute

Roles Offered 

Recruiters selected candidates for their mid-senior and senior level management positions.

Students were offered positions such as Group CFO, Vice President, Director-Sales, Associate Vice‑President, General Manager, Head of Operations, Principal Consultant, Senior Manager, Product Manager, and Implementation Coach.

Top Recruiters

75 firms offered 290 different roles in IIM Ahmedabad’s one year MBA / PGPX Placement 2019.

Accenture, RPG Group and Innoviti Payment Solutions made the largest number of offers.

Firms that made offers at IIM Ahmedabad one year MBA / PGPX placements 2019 included: Accenture, Adani Group, Adidas AG, Amazon, ElasticRun, Ericsson, Flipkart, Google, Genpact, Govt. of Andhra Pradesh, Hindustan Coca-Cola Beverages, Honeywell, HSBC, ICICI Bank, Indegene, Infosys, Innoviti Payment Solutions, KEC International, Lodha Group, Mastercard, McKinsey, Microsoft, Omniactive, OYO, Punjab Bureau of Investment Promotion, Persistent Systems, Riddhi Siddhi Group, Uber among others.

Students starting their own ventures  

Three students this year have opted to pursue entrepreneurship. 

Two of these will work on their venture under the guidance and mentor-ship of Centre for Innovation Incubation and Entrepreneurship (CIIE). The three students taking up entrepreneurship have been provided a placement holiday for two years.

A placement holiday allows students to come back to campus for placement in-case their venture does not take off and they want to return to corporate jobs. 

Top Domains & Sectors

The graduating students accepted a total of 114 offers from firms across sectors such as Consulting, BFSI, Conglomerates, FMCG, E-Commerce, Technology, IT and ITeS, Energy, Logistics, Pharma, FinTech and Real Estate.

Information Technology firms formed the largest sector of offers with 47 offers rolled out, followed by BFSI, Engineering/Technology, and Online Services with 15, 11, and 9 offers respectively.

Rising Demand from Recruiters

Prof. Amit Karna, Chairperson of the Placement Committee said, “We were pleased to note that 27 new recruiters were able to successfully participate in our campus placement process and hire the best talent for their organizational needs.”

Pramathesh Shukla, PGPX Recruitment Secretary said, “In line with the global recruitment trends, we are witnessing a growing demand for candidates from programmes like PGPX in organizations. This year along with the traditional sectors such as IT, Consulting, Telecom and FMCG, we also witnessed substantial growth in offers from E-commerce and FinTech sectors.”

Past Placement Records

 

IIM Ahmedabad PGPX 2019-2020 Batch Profile

The participants of the thirteenth batch of IIM Ahmedabad one year MBA (PGPX) came from varied backgrounds with rich experience ranging from 5 to 17 years.

    • Total candidates admitted: 140 students
    • 108 Male candidates and 32 Females
    • Average Age: 32 Years
    • Average Work Experience: 8.9 Years
    • Diverse work experience: 21 Industries and 140 companies represented
    • Average International Experience possessed by Students 1.5 Years
    • 9.29% of NRIs admitted reside outside India, spread across 6 countries
    • 35% of the batch has worked abroad before joining IIMA PGPX 2019
    • Average GMAT Score: 702
    • Average GRE Score: 320

 

Course Profile – 1 Year MBA / MBA for Executives (PGPX) At IIM Ahmedabad

The Post Graduate Programme in Management for Executives (MBA-PGPX) at IIM Ahmedabad is one of the leading one-year, full-time, residential MBA programmes.

It is designed by the Indian Institute of Management Ahmedabad for bright, enthusiastic, and aspirational executives with substantial professional experience. 

For the past five years including 2019, with ‘Get-Ready-for-Top-Management’ focus the PGPX programme is consistently ranked among top-5 in the world on Financial Times Career Progression category in the annual Financial Times Global MBA Ranking.

Placement Facts:

Classification of Entire Placement pool

Categories Number
1. Number of Eligible students 137
  1a.   Number of students graduating in 2019 137
  1b.  Number of ITEC* programme scholars 0
  1c.   Number of students returning from placement holidays 0
2. Number of students who did not seek placement through the institute 20
  2a.    Company sponsored or already employed 0
  2b.   Continuing education 0
  2c.    Postponing job search / seeking placement holiday 1
  2d.   Entrepreneurship (starting a new business ) 2
  2e.    Returning to / joining family business 0
  2f.    Seeking placement outside the campus placement process 17
3. Total who sought placements through the institute 117
4. Total offers accepted 114
5. Number Unplaced if any  3

* Indian technical and economic corporation (ITEC) program scholarship recipients are participants from developing countries who return to their respective nations post successful completion of the program.

Location-wise classification

Location Number of offers Accepted
India 113
Europe 1
Total  114

 

Location-wise classification (Domestic)

Locations in India Number of offers Accepted
Ahmedabad 7
Bengaluru 35
Chandigarh  3
Chennai 4
Hyderabad 7
Jaipur 2
Mumbai 15
Delhi NCR 23
Pune 12
Rest of India* 5
Total 113

* Rest of India Includes Indore, Kanpur, Kolkata, Mundra & Vijaywada

Sector-wise Classification

  Total number of offers

Sector Domestic International Total
BFSI 15 0 15
Conglomerate 3 0 3
Consulting 2 0 2
Consumer Goods (FMCG) 2 1 3
Engineering / Technology 11 0 11
Environment & Energy 2 0 2
Information Technology 47 0 47
Logistics 4 0 4
Manufacturing 4 0 4
Online services 9 0 9
Pharmaceutical / Healthcare 3 0 3
Real State 4 0 4
Telecom 3 0 3
others* 4 0 4
Total 113 1 114

*Others includes Government funded bodies and institutes

Sector-wise classification

Function-wise classification

Function Domestic International Total
Business Development 5 0 5
Consulting 5 0 5
Finance 15 0 15
General Management 22 0 22
Market / sales 15 0 15
Operations 15 0 15
Research & Advisory 1 0 1
Strategy 5 0 5
Supply Chain Management 4 0 4
System / IT 22 1 23
others* 4 0 4
Total 113 1 114

*Others includes EA to CXO & Business analytics functions

Function-wise placement

Salary Heads – Domestic INR

Salary Head Min Max Median Mean Data
Fixed yearly cash component 15,42,540 40,00,000 23,39,172 23,91,997 113
One Time Cash Payment 40,000 7,00,000 2,50,000 2,82,893 43
Total Guaranteed Cash Component 15,42,540 44,00,000 24,00,000 24,99,646 113
Maximum earning Potential 17,00,000 60,00,000 30,00,000 30,35,708 113

                    

Salary Heads – International (US$)*

Salary Head Min Max Median Mean Data
Fixed yearly cash component 84,271 84,271 84,271 84,271 1
One Time Cash Payment 12,775 12,775 12,775 12,775 1
Total Guaranteed Cash Component 97,026 97,026 97,026 97,026 1
Maximum earning Potential 109,666 109,666 109,666 109,666 1

* For international salaries, all conversations to US$ are made as per average of closing rates on 25th June 2019

Data is sourced from international monetary fund (IMF). Link: https://www.imf.org/external/np/fin/data/rms_mth.aspx?SelectDate=2019-06-25&ReportType=REP

Salary Statistics at purchasing power parity(PPP)*

Salary in US$ at PPP Min Max Median Mean Data
INR Salary (Total Guaranteed Cash Component) 85,223 243,094 132,597 138,102 113
Non-INR Salary (Total Guaranteed Cash Component) 106,500 106,500 106,500 106,500 1
Combined INR and Non-INR Salary (Total Guaranteed Cash Component) 85,223 243,094 132,597 137,825 114
INR salary (Maximum earning potential) 93,923 331,492 165,746 167,719 113
Non-INR Salary (Maximum earning potential) 120,375 120,375 120,375 120,375 1
Combined INR and Non-INR Salary (Maximum earning potential) 93,923 331,492 165,746 167,303 114

Salary statistics at purchasing power parity(PPP) adjusted exchange rates

* As per PPP conversation rate of 2018 for all the available currencies from the World Development Indicators (WDI) database of the world bank.
Data is sourced from http://wdi.worldbank.org/table/4.16
Sector-wise classification 
Fixed Yearly Cash Component Domestic INR
Sector Min Max Median Mean Data
BFSI 15,42,540 26,50,000 22,50,965 21,34,355 15
Conglomerate 18,72,000 25,78,140 20,59,200 21,69,780 3
Consulting 22,50,000 29,92,000 26,21,000 26,21,000 2
Consumer Goods (FMCG) 28,96,233 29,36,070 29,16,152 29,16,152 2
Engineering / Technology 18,19,356 23,59,925 21,65,928 21,35,932 11
Environment & Energy 24,21,420 30,00,000 27,10,710 27,10,710 2
Information Technology 15,87,648 40,00,000 22,29,504 23,62,799 47
Logistics 22,78,400 25,06,400 23,89,200 23,90,800 4
Manufacturing 19,56,710 32,35,242 29,20,779 27,58,378 4
Online services 24,00,000 35,00,000 25,50,000 26,43,688 9
Pharmaceutical / Healthcare 33,61,320 37,00,000 31,61,320 34,74,213 3
Real State 28,27,980 35,00,000 30,07,980 30,85,985 4
Telecom 19,65,852 23,40,300 19,65,852 20,90,668 3
others* 18,00,000 19,00,000 18,00,000 18,25,000 4

*Others includes Government funded bodies and institutes

One Time Cash Payment Component Domestic in INR

Sector Min Max Median Mean Data
BFSI 1,50,000 2,50,000 2,50,000 2,16,667 3
Conglomerate 2,00,000 2,00,000 2,00,000 2,00,000 1
Consulting 1,00,000 1,00,000 1,00,000 1,00,000 1
Consumer Goods (FMCG)        —      —       —                 —                 —
Engineering / Technology        —      —       —                 —                 —
Environment & Energy       —      —       —                 —                 —
Information Technology 40,000 5,00,000 3,00,000 2,66,013 29
Logistics       —      —       —      —     —
Manufacturing 5,00,000 5,00,000 5,00,000 5,00,000 2
Online services 2,00,000 7,00,000 7,00,000 5,33,333 3
Pharmaceutical / Healthcare 3,00,000 3,00,000 3,00,000 3,00,000 1
Real State         —       —       —  —
Telecom 2,00,000 2,00,000 2,00,000 2,00,000 3
others*       —      —       —      —    —

*Others includes Government funded bodies and institutes

Sector-wise Classification of Total Guaranteed Cash Component-Domestic(INR)

Sector Min Max Median Mean Data
BFSI 15,42,540 26,50,000 22,50,965 21,77,689 15
Conglomerate 18,72,000 25,78,140 20,59,200 22,36,447 3
Consulting 22,50,000 29,92,000 26,71,000 26,71,000 2
Consumer Goods (FMCG) 28,96,233 29,36,070 29,16,152 29,16,152 2
Engineering / Technology 18,19,356 23,59,925 21,65,928 21,35,932 11
Environment & Energy 24,21,420 30,00,000 27,10,710 27,10,710 2
Information Technology 15,87,648 44,00,000 24,00,000 25,26,935 47
Logistics 22,78,400 25,06,400 23,89,200 23,90,800 4
Manufacturing 24,56,710 32,35,242 31,70,779 30,08,378 4
Online services 24,00,000 35,00,000 28,78,400 28,21,466 9
Pharmaceutical / Healthcare 33,61,320 40,00,000 33,61,320 35,74,213 3
Real State 28,27,980 35,00,000 30,07,980 30,85,985 4
Telecom 21,65,852 25,40,300 21,65,852 22,90,668 3
others* 18,00,000 19,00,000 18,00,000 18,25,000 4

*Others includes Government funded bodies and institutes

Maximum Earning Potential Domestic (INR)

Sector Min Max Median Mean Data
BFSI 17,00,000 31,25,000 24,00,000 24,96,755 15
Conglomerate 20,00,000 33,00,032 22,00,000 25,00,011 3
Consulting 26,50,000 37,00,000 31,75,000 31,75,000 2
Consumer Goods (FMCG) 33,00,000 35,58,667 34,29,334 34,29,334 2
Engineering / Technology 21,00,000 30,00,000 25,50,024 25,21,920 11
Environment & Energy 29,99,999 60,00,000 45,00,000 45,00,000 2
Information Technology 20,60,004 53,00,000 30,00,000 31,94,309 47
Logistics 24,66,667 29,66,667 25,39,334 26,28,000 4
Manufacturing 28,00,000 35,00,000 32,00,000 31,75,000 4
Online services 30,00,000 42,75,307 35,00,000 35,41,318 9
Pharmaceutical / Healthcare 40,00,000 40,00,000 40,00,000 40,00,000 3
Real State 35,00,028 48,12,500 35,00,028 38,28,146 4
Telecom 26,15,000 30,74,995 21,65,852 27,68,332 3
others* 18,00,000 19,00,000 18,00,000 18,25,000 4

*Others includes Government funded bodies and institutes

Sector-wise classification of Salary International in US$

Sector Min Max Median Mean Data
Consumer Goods (FMCG) 84,271 84,271 84,271 84,271 1

One Time Cash component International in US $

Sector Min Max Median Mean Data
Consumer Goods (FMCG) 12,775 12,775 12,775 12,775 1
Total Guaranteed Cash component International in US $
Sector Min Max Median Mean Data
Consumer Goods (FMCG) 97,026 97,026 97,026 97,026 1

 

 

Maximum Earning potential International in US $

Sector Min Max Median Mean Data
Consumer Goods (FMCG) 109,666 109,666 109,666 109,666 1

 

Function-wise classification:
Fixed yearly cash component Domestic (In INR)

des EA to CXO & Business analytics functions

One Time Cash Payment Component

*Others includes EA to CXO & Business analytics functions

Total guaranteed Cash Component

Function Min Max Median Mean Data
Business Development 18,72,000 28,80,000 23,39,172 24,24,665 5
Consulting 15,87,648 30,00,000 21,65,852 22,40,242 15
Finance 18,75,804 35,00,000 26,50,000 27,53,489 5
General Management 17,00,000 35,00,000 23,79,963 24,78,829 22
Market / sales 18,78,384 29,93,814 25,15,737 24,58,977 15
Operations 19,00,000 40,00,000 24,00,000 25,62,125 15
Research & Advisory 35,00,000 35,00,000 35,00,000 35,00,000 1
Strategy 17,02,824 34,50,000 19,73,220 22,23,312 5
Supply Chain Management 18,19,356 31,41,558 22,46,330 23,63,394 4
System / IT 15,42,540 44,00,000 27,00,000 27,40,181 22
others* 18,90,000 24,56,710 22,07,040 21,90,198 4

*Others includes EA to CXO & Business analytics functions

Maximum earning potential

Function Min Max Median Mean Data
Business Development 20,00,000 36,00,000 27,00,000 29,00,006 5
Consulting 18,00,000 40,14,000 26,15,000 26,16,920 15
Finance 20,00,000 35,00,000 30,47,500 29,31,900 5
General Management 17,00,000 60,00,000 30,00,000 30,81,478 22
Market / sales 23,33,409 38,00,000 32,00,000 30,42,405 15
Operations 22,00,000 45,00,000 30,00,000 32,06,975 15
Research & Advisory 44,90,000 44,90,000 44,90,000 44,90,000 1
Strategy 23,45,756 38,41,004 30,41,000 31,83,753 5
Supply Chain Management 21,00,000 32,00,000 26,33,354 26,41,677 4
System / IT 20,10,372 53,00,000 3,00,000 32,68,775 22
others* 21,00,000 29,99,999 25,50,020 25,50,010 4

*Others includes EA to CXO & Business analytics functions

Function-wise classification of Salary International in US$

Fixed Salary Cash Component

Function Min Max Median Mean Data
System / IT 84,271 84,271 84,271 84,271 1

 

One Time Cash component

Function Min Max Median Mean Data
System / IT 12,775 12,775 12,775 12,775 1

 

Total Guaranteed cash component

Function Min Max Median Mean Data
System / IT 97,026 97,026 97,026 97,026 1

 

Maximum earning potential

Function Min Max Median Mean Data
System / IT 109,666 109,666 109,666 109,666 1
Description of salary heads
a) Fixed yearly cash component:
This is the total annual basic salary and additional guaranteed cash components. These additional components include cash payments and allowances that are part of the annual package. The term guaranteed signifies that the amount is certain unless there is an overall pay revision. The components falling under this salary head are final and not related to the performance.
b) One Time cash payment:
This head indicates the value of the remuneration given to a candidate as one-time cash benefit mostly at the time of joining.
c) Total Guaranteed Cash Component:
This is the sum of fixed yearly cash component and one time and one time cash payment.
d) Maximum earning potential:
This is the sum of total guaranteed cash component, maximum possible-linked variable pay and all other components of the salary that are part of the offer. This can include PF, gratuity, and other perks as well.
Source 1
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