Rs 1.25 Crore Highest Domestic Salary: IIM C One Year MBAEx 2019 Placements1
IIM Calcutta’s one-year full-time MBAEx program (previously called PGPEX) has witnessed 100% placement for its 12th batch, the Class of 2019– average salary up by 11.16% to Rs 27.18 lakh and the median salary at Rs 23 Lakh.
IIM Calcutta’s one-year full-time MBA Ex program has witnessed 100% placement for its 12th batch, the Class of 2019 with the average salary of the batch rising by 11.16% to Rs 27.18 lakh and the median salary at Rs 23 Lakh, an increase of 14% over the previous batch.
The class, comprising 66 students, of whom 60 participated in the placement, witnessed a whopping 104% increase in average salary relative to their pre-MBA compensation, IIM Calcutta said in a statement.
Accenture, Eclerx, RPG and Invest Punjab were top recruiters by numbers. About 60% of the class joined Consulting, ITES, and E-Commerce organizations.
The highest domestic salary offered was Rs 1.25 crore, an increase of more than 40% over the previous batch. The Median CTC was Rs 23.00 lakh. E-commerce recorded the highest in terms of average salary at Rs 58.58 lakh and a maximum salary of Rs 124.90 lakh.
A total number of 68 companies participated in the placement process, coming up with 61 offers.
Several new recruiters hired for their leadership roles. Some of the prominent names were Lynk Logistics, Conduent, Invest Punjab, Spencers, Udaan, Guiltfree Industries, Nissan Digital, OYO Rooms, Publicis Sapient, SDG, Swiggy Labs and Vector Consulting.
Comments from Placement Chairperson
“We are quite pleased that the placements showed qualitative improvement as well. Many graduates were successful in shifting to industry, roles or functions of their choice. For programs such as MBA Ex, this shift is trickier compared to getting jobs,” Prof Abhishek Goel, Chairperson- CDPO at IIM Calcutta, said.
“Most importantly, 95% of the class had confirmed offers by February 2019 indicating strong demand for IIMC’s talent. The class had 61 offers extended from across industries,” he added.
“The hard work of the students, faculty and the institute has resulted in a wonderful outcome for our MBAEx graduates,” Prof Goel said.
IIM Calcutta’s one-year residential program for executives, PGPEx, was renamed as MBAEx in April 2019 with the institute acquiring the power to grant degree certificates instead of diplomas under the Indian Institute of Management (IIM) Act 2017 that granted a fair amount of autonomy to the IIMs.
In sector-wise placements, 47.55% came from IT Consulting, 14.76% from IT Products & Services, 9.85% from E-commerce, 8.19% from General Management, 6.56% from Manufacturing, 4.91% from FMCG, 3.27% each from Banking and Logistics, 1.67% from Automotive. Source: IIM Calcutta
With such exemplary placements, why government, college and industry has failed to recognize this program. IMHO this program should be made flagship program which would give better global ranking.