The one year MBA (Executive Post Graduate Program in Management / EPGP) Class of 2018-19 at IIM Indore received an average salary of Rs 20.65 lakh per annum (LPA) and a median salary of Rs 21 lakh LPA in the Final Placement. The maximum salary offered was Rs 31.68 LPA and the minimum Rs 12.5 LPA.

Salary Statistics

The placement saw a 15% year-to-year improvement in average pay and a 20% year-to-year improvement in median pay. With 90% of the cohort having secured offers within the course duration, the average increase in salary post-EPGP was105% and a median increase in pay post-EPGP 115%.

Of the total 66 participants in the program, 14 were on sabbatical/company sponsored. The 54 participants opting for campus placements received 54 offers on campus. Roles offered off-campus/opting out of campus placements numbered 3.

The incoming salary per annum was 10.32 lakh. The outgoing average salary per annum was Rs 20.65 lakh. The incoming median salary per annum was 9.76 lakh and the outgoing median salary per annum, Rs 22.15 lakh. The maximum salary offered was Rs 31.68 LPA and the minimum Rs 12.5 LPA.

While Information Technology (IT) continued to dominate the recruiting space, several other sectors such as Power, Consulting, Construction, FMCG, Pharma & BFSI registered an increase in offers. Start-ups, such as Oyo, Elastic Run and Oaknorth Analytical, participated in the process.

The Placement process that started after the cohort returned to the campus from the international immersion at the McCombs School of Business, Austin, Texas, concluded in May 2019.

Domain-wise Placement

The participants were offered roles in

• Strategy
• Consulting
• Product Management
• Project Management
• Business Advisory
• Analytics
• Data Architecture
• System Information
• Business Development
• Banking
• operations
• Enterprise Resource Planning
• Financial Auditing.

The placement season also saw a special interest from the recruiters to hire candidates for new technologies such as Blockchain, Artificial Intelligence, IOT, Industry 4.0 and Data Analytics.

Roles Offered

The roles offered included

• • Consultant-Strategy
  • Associate Vice President-Banking
  • Analyst-Strategy
  • Lead Consultant–Domain Expert
  • Manager-Products (SAP)
  • Consultant–Domain Expert
  • Business Analyst
  • Sr. Manager–Business Development
  • Associate Project Manager-Banking
  • Executive Assistant to CEO
  •  Associate Manager–D&A/SI
  • Specialist; Senior Associate
  • Product Manager.

While Information Technology (IT) continued to dominate the recruiting space, several other sectors such as Power, Consulting, Construction, FMCG, Pharma & BFSI registered an increase in offers. Start-ups, such as Oyo, Elastic Run and Oaknorth Analytical, participated in the process.

More than 80 companies had communicated their interest in the placement and more than 60 ended up floating an opportunity or finally recruiting.

While Information Technology – Data, Operations, Strategy & System Integration took in 14 students, Domain Consulting –Manufacturing, Automotive, Life Sciences, Telecom, Insurance recruited 18. Product Management–Automotive came up with 3 offers, Core Product Marketing, Business Development & Strategy 7, Finance–Credit Analysis, Auditing & Banking operations 9.

Recruiter Details

The corporate recruiters included

Accenture Strategy, Accenture Technology, Accenture Operations, Aditya Birla Retail, Afcons, African Industries, Arshiya Ltd., Bio-Urja, Bliss Life Science, Cummins, Cybertech, Cyient, Designmate, Eclerx, Elastic Run, Exicom, Exxon Mobil, Ernest & Young, Fractal Analytics, Genpact, Google, Hero Motorcorp, Hilti, Honeywell, Hewlett Packard, ICICI Securities, Indiamart, Innoeye, ITC Infotech, JP Morgan Chase, Jackson Group, Infosys Consulting, Larsen & Toubro, L&T Infotech, Luminous-Schneider Electric, Nestaway, Nissan Digital, Oaknorth Analytics, Oyo Rooms, PWC, Sun Pharma, Shell, Shapoorji Pallonji Star TV, Tata Consultancy Services, Teach for India Tech Mahindra, Torrent Power, Vardhaman tech, Vector Consulting, Virtusa, Volvo Eicher and White Panda.

Class Profile

The 10th EPGP batch comprised 66 professional representing almost all sectors of the economy, IT, Shipping, Ports, Oil & Gas, Automotive, Medicine, Manufacturing, Steel, Waste management, FMCG, Telecom and BFSI.

They came with functional experience in operations, finance, business development, information technology and consulting, supply chain, project management, product development, quality, risk mitigation and domain-specific consulting.

With an average work experience of 8.2 years, 33% of the cohort was from IT&ITES, followed by Energy/Power/Oil & Gas (17%), Manufacturing (11%), Automobile and BFSI (9% each), Consulting (6%), Shipping/Ports and Telecom (3% each), Retail, Media, Waste Management (2% each), FMCG, Healthcare and Aerospace (1% each).

In terms of gender diversity, 54 were male and 12 female. The average age of the cohort was 30.8 years. In terms of work experience, 61% had worked 5 to 8 years, 285 had 8 to 12 years and 11% had 12 plus years.

Source 1