Tuesday, August 3, 2010

Average salary of IIM-A exec programme up 30%

The fourth batch of Post Graduate Programme in Management for Executives (PGPX) in Indian Institute of Management-Ahmedabad (IIM-A) has seen an average annual salary of Rs 26.1 lakh — an increase of about 30 per cent over the previous year’s average of 20.16 lakh. The fees for the one-year full-time programme is Rs 19.35 lakh.
Of the 66 students seeking placements, 64 have been successfully placed. “The two students remaining to be placed from the 2010 batch have niche skills and location constraints and have rejected one offer each as they are looking for well-targeted positions in specific industries. The institute continues to provide full support in their career search efforts by facilitating interaction with firms that express interest,” a release from the institute said.
“As per the norms followed by international MBA programmes, placement statistics are reported at the end of three months after graduation. Students who participated in the placement process received 1.77 offers per person,” stated the release.

While information technology (IT), IT-enabled services and consulting were the industries of choice for the batch, project management, consulting, operations and business development were the top functions chosen.

Eight students of the batch are pursuing their dreams through entrepreneurial ventures in a variety of fields such as clean energy and healthcare.

The batch had an average work experience of 10 years with 80 per cent of the students having spent an average of five years working abroad. “The placements this year have shown that recruiters consider the IIM-A PGPX programme to be a source of top-notch middle to senior level executive talent. We intend to keep building on this momentum and invest in learning about recruiter needs and preferences,” said Saral Mukherjee, chairman of placements, IIM-A.

The batch attracted a diverse pool of recruiters from large multinational companies and conglomerates to small and medium enterprises and even start-up firms. Other recruiters included McKinsey, Goldman Sachs, Axis Bank, Google, Amazon, TCS, IBM, Wipro, Mahindra Satyam, HCL, Infosys BPO, Polaris, Genpact, Hero Honda, Mahindra and Mahindra and RIL.
“As per the norms followed by international MBA programmes, placement statistics are reported at the end of three months after graduation. Students who participated in the placement process received 1.77 offers per person,” stated the release.

While information technology (IT), IT-enabled services and consulting were the industries of choice for the batch, project management, consulting, operations and business development were the top functions chosen.

Eight students of the batch are pursuing their dreams through entrepreneurial ventures in a variety of fields such as clean energy and healthcare.

The batch had an average work experience of 10 years with 80 per cent of the students having spent an average of five years working abroad. “The placements this year have shown that recruiters consider the IIM-A PGPX programme to be a source of top-notch middle to senior level executive talent. We intend to keep building on this momentum and invest in learning about recruiter needs and preferences,” said Saral Mukherjee, chairman of placements, IIM-A.

The batch attracted a diverse pool of recruiters from large multinational companies and conglomerates to small and medium enterprises and even start-up firms. Other recruiters included McKinsey, Goldman Sachs, Axis Bank, Google, Amazon, TCS, IBM, Wipro, Mahindra Satyam, HCL, Infosys BPO, Polaris, Genpact, Hero Honda, Mahindra and Mahindra and RIL.


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