Placement Details

The students of the 11th batch of IPMX managed to get offers for mid-to-senior Management roles. On the occasion, IIM Lucknow extended its gratitude to its industry partners for their continued support in the form of Leadership Talks, Project Collaborations, Seminars, and Placements.

The school said IPMX, a rigorous one-year full-time program equips students to deal with challenging roles across industries. As a testimonial, the students were successful in getting their coveted roles and positions, with 95% of them achieving a higher role shift and 84% of them an industry shift.

The average CTC for the Batch was Rs 20.05 Lakh and the median CTC was Rs 18.82 Lakh.

Among the general managerial roles, the ones that stood out were Assistant Vice President, Techno Commercial GM, Program Manager, Financial Controller, Senior Consultant, Strategy Consultant, Senior Project Manager etc.

Industry-wise Offers

Consulting and IT topped the industry-wise offers at 32% each. ITeS accounted for 13%, followed by Conglomerate 9%, BFSI 8%, Infrastructure, e-Commerce and Automobile & Manufacturing at 2% each.

Offers Across Functions

The biggest share of the pie at 41% was carved out by Consulting followed by Project Management 19%, Strategy & General Management 13%, Analytics 9%, BD & Sales and Operations 6% each, Program Management, FP& A and Supply Chain 2% each.

Class Profile

The 11th IPMX batch comprised 46 students from diverse backgrounds. The cohort had an average work experience of 8 years and an average international experience of 2 years. As far as work background is concerned, the majority 54% were from IT followed by from Power/Energy 12%, Manufacturing 9%, Engineering 7%, Oil & Gas, Analytics and Consulting 4% each, Automobile and Telecom 2% each.

As part of the program, IPMX participants get an opportunity to develop their global industry outlook through the international immersion program. Every year, the students travel to partner universities across the globe where they get to interact and connect with students and faculty at a global level. This helps in developing holistic and international perspectives which is a crucial skill for managers.

The IPMX class of 2019 has undergone the international immersion in collaboration with ESCP Management School in London, United Kingdom. They spent one full term at the London campus covering courses on Marketing, Management Information Systems and Macro-economic environment among others.

Sources: 1 

The question popped up out of the blue on my screen a couple of days back while I was browsing Quora.

Since I am watching ‘Zindagi Gulzaar Hai’ (Life is beautiful) on Netflix right now, somehow it sprang up as a potential response to this question.

Except, just like in the Pakistani show, where the life of the protagonists often fails to live up to the title of the show, life after IIM, is often more complex.

There are those who don’t get roles they want. Those who find they are anything but managers after the ‘MBA’ having landed Management Trainee profiles instead of roles imagined by most thanks to the ‘Get ready for top Management’ glow surrounding MBA courses in India. Those who regret not pursuing their passions. But lets ignore all these for a moment since such issues exist in every sphere of life.

Lets focus for a bit on the most successful lot, because I think that was the real question – how great is life for those who get what they want out of an IIM degree?

And here is where I was reminded about ‘Humorously Yours’ on TVF ( You should watch it if you haven’t).

At one point, Vipul Goyal, who is a struggling stand-up comedian, is mystified about why he is still surrounded by a thousand tensions despite finally securing a solo stand-up show – his life long dream.

Kanan Gill tells him that he would understand his situation better if he played video games. He elucidates – when you cross a level in the video game, you get a bigger gun, but that doesn’t mean the level is any easier to conquer – with the bigger gun, comes a bigger and stronger enemy since – you have leveled up”.

So even if your expectations from IIMs/ IIT/ OFQ (other fancy qualifications) are matched by reality, you still have to contend with bigger challenges that will come your way since you have leveled up. The silver lining is that they come with a number of positives.

Here are some of them:

Bigger salary with bigger EMIs – Where the education loan ends, the IIM grad worthy car loan starts. Where the car loan ends, the IIM grad worthy home loan starts. Where loans start, freedoms end.

Bigger life, but even bigger expectations – Yes you can afford a simple 1 BHK or 2 BHK on rent. But that’s not what you imagined right? Everyone has dreams of living in a villa with an A4 parked in garage. On to that Startup and funding then.

Higher Salary, Higher targets and lesser time – everything comes at a price, higher salary included. Too many of us define success by how wealthy we get. But it can also be defined by how many experiences you gather or how much time you get for self-development and family. These aspects however will usually suffer for the initial years.

More responsibilities but more office politics too – Climb the ladder, but watch out for the ‘snakes’ which didn’t care much for you till you were walking below their radar

Don’t get me wrong. This is not a contrarian response for the sake of sounding different. There is a whole world of positives good education can bring you and IIMs are no different. But IIMs are not a magic bullet which will set you for life.

Many people who go to IIMs know this. For others knowing there is a flip side to the best case scenario might be useful. Because your neighborhood uncle and aunty won’t talk about their IIM son or daughter who is busy all the time.

Browse to 4 Min 20 seconds in the video below for Kanan’s ‘gyan’ on leveling up.

About the Author – Shikhar Mohan has 15 years of corporate and startup experience. Before starting up OneYearMBA.co.in & TwoYearMBA.com, Shikhar served as Chief Marketing Officer (VP) at CommonFloor (acquired by Quickr) and Brand Head at HCL Infosystems. Shikhar writes on education in publications such as Business Standard, Smartinvestor, Indian Management, Rediff.com & is a frequent speaker at prominent B-Schools. In another lifetime, before he donned a suit (post an MBA from IIM I), he was an advertising copywriter at Mudra, FCB, Grey Worldwide and won over 10 international & national advertising awards in New York, Australia, Singapore. Connect with him on Linkedin @in.linkedin.com/in/shikharmohan

The team from IIM Ahmedabad was the first runner-up and the team from IIM Kozhikode the second runner-up. The top three winning team members received a pre-placement Interview opportunity with Accenture, besides other prizes.

Of the total 1700 teams that participated in the online quiz, 15 teams per campus were selected for the second round. Five teams made it to the third round and eventually one team per campus was chosen in the final round.

More than 5000 students from 10 business schools had formed as many as 1700 teams to participate in the challenge that kicked off on August 21 in a four-stage competition. The finals took place in New Delhi where the top 10 teams presented a case study.

The participating schools included IIM Calcutta, Indian School of Business (ISB), JBIMS (Jamnalal Bajaj Institute of Management Studies), SP Jain Institute of Management and Research (SPJIMR), Faculty of Management Studies (FMS) and Xavier School of Management (XLRI).

The first part of the challenge was a rapid-fire online quiz on business, Accenture, digital and general knowledge related topics. It was followed by a business simulation where students stepped into the role of a CEO to make their company profitable and a case study challenge on a disruptive digital strategy for an industry. The grand finale saw the top teams battling it out on an overnight case study challenge.

Of the total 1700 teams that participated in the online quiz, 15 teams per campus were selected for the second round. Five teams made it to the third round and eventually one team per campus was chosen in the final round.

In each round, the participating teams demonstrated their innovative ideas to reshape businesses for the digital era in all aspects such as customer experience, internal operations and the business model.

The jury that decided the top three teams included Sanjay Dawar, Accenture Capability Network India Lead, Products Global Capability Network Lead, Accenture;  Rohit Thakur, managing director – Human Resources, Accenture in India; Avnish Sabharwal, managing director – Accenture Ventures in India; Arati Deo, managing director – AI capability for Accenture Technology; Nitin Bawankule, Country Director, India, Google Cloud;  Prof Janat Shah, Operations & Supply Chain Management at IIM Udaipur;  Anuj Tiwari, CEO of Digital Business for Aakash Institute; Srinivasan Iyengar, COO at Reliance Nippon Life Insurance; Rajeev Batra, Group CIO, BCCL.

This year, the admissions to the AMBA, UK accredited program will take place in two phases. Professionals should apply on or before November 15, 2018, in the first phase. Those who need not give three months’ prior notice to their organisations, could apply in the second phase during November 16–January 25, 2019.

IPMX provides the students with exposure to all aspects of business education in India as well as the international business environment. They are expected to develop an understanding of business at functional and strategic levels and prepare themselves to manage global business firms.

The curriculum focuses on a strategic understanding of business, rooted in practical skill development through projects and industry interface. One core component of the programme is an international module at one of our partner institutes located in Europe/East Asia.

This international module provides the students with an opportunity to experience the international business environment and to equip themselves with the knowledge and perspective relevant to current global business issues. The eleventh batch of IPMX (academic year 2018–19) visited ESCP Europe, London for their international module for one full term.

A minimum of 5 years of full-time post-qualification (after graduation) managerial experience is needed as on March 31, 2019 (Managerial or Professional Experience Certificate or Pay Slips would be required as proof). The Program is open to executives of all nationalities and there is no application fee.

The program provides ample opportunity for personal development and professional growth through an interactive learning environment. NOIDA being the hub of commercial and industrial activity, the locational advantage also plays an important role in the learning process.

Industry related assignments and real management contexts form an integral part of the course curriculum. The delivery is oriented towards best practices, an integrated strategic perspective, project work and constant engagement with industry.

The Career Development Services of the Institute facilitates in providing placements to non-sponsored students. The overall goal of the program, according to IIM-L, is to broaden the core managerial competencies to further enhance the professional growth of students.

Eligibility criteria

You should have a Bachelor’s degree in any discipline or an equivalent qualification with a minimum of 50% marks or equivalent CGPA. GMAT score for the test taken during November 16, 2013 – November 15, 2018, is required for first phase applicants and January 26, 2014 – January 25, 2019, for second phase applicants.

A minimum of 5 years of full-time post-qualification (after graduation) managerial experience is needed as on March 31, 2019 (Managerial or Professional Experience Certificate or Pay Slips would be required as proof). The Program is open to executives of all nationalities and there is no application fee.

You have to submit the duly filled Application Form along with copies of supporting documents along with two Letters of Recommendation. If you are applying online, you should provide the contact details with email ids of the recommenders. The suggested recommenders will receive an e-mail requesting them to submit the recommendation letters directly to the admissions office.

When sending the hard copy of the Application Form, two recommendation letters must be sent in sealed envelopes with each recommender’s signature across the seal on each envelope.

Based on GMAT scores, candidates will be shortlisted for Writing Ability Test and Personal Interview. The final score is calculated giving 30% weightage to GMAT scores, 30% for the academic and professional profile, Writing Ability Test 10%, Personal Interview 30%.

Admission Schedule

The names of the shortlisted candidates in the first phase will be announced in the third week of November and the fourth week of January 2019 in the second phase. Writing Ability Tests and Personal Interviews will take place in the fourth week of November and the first week of December in the first phase and the first and second weeks of February 2019 for the second phase.

The announcement of selected candidates will take place in the 2nd week of December and 3rd week of February for the first and second phases respectively. Acceptance and submission of the first instalment of fees for the first phase will be in the first week of January and the second week of March 2019 for the second phase.

The program starts in the first week of April 2019.

Fees & Other Expenses

The fee for IPMX 2019 – 2020 is Rs 23,50,000 plus refundable caution deposit of Rs 30,000 plus taxes. It includes tuition fee and student accommodation facility on campus, international module expenses (travel, visa, academic charges and stay on twin sharing basis) and service facilities (computing and networking, library services, career counselling, students’ activities, alumni association and convocation). Food is not included in fee.

During the international module, expenses on food, local transport and other incidentals like the internet, telephone, and stationery, etc. are to be borne by the student.

A limited number of family accommodations are available on campus for an additional charge of Rs 1,25,000 per student.(Image Source: IIML official website)