Highest salary up 35%, but no global job offers

The Indian Institute of Managementahmedabad’s one-year MBA programme for executives (PGPX) has seen a 35 per cent jump in domestic highest package, though international job offers were missing this year. Information technology firms led the process, with 42 accepted offers.

The final placements saw the highest domestic maximum earning potential (MEP) being offered at ~81 lakh, against ~60 lakh last year, according to the B-school’s audited placement report. MEP is the sum of total guaranteed cash component, maximum-possible linked variable pay, and all other components of salary, including long-term compensation such as PF, gratuity, and other perks.

The average domestic MEP stood at ~33.3 lakh, up by nearly 10 per cent from last year. Unlike last year, when the programme attracted a record international MEP of $109,666, this year, there were no international offers.

Apart from the IT sector, online services, consulting and BFSI (banking, financial services and insurance) sectors witnessed 14, 13, and 11 accepted offers, respectively. Students accepted 120 offers from firms. In all, 130 firms took part in the placement, offering over 300 roles. Marquee recruiters included AB Inbev, Accenture, Amazon, Bank of America, Bharti Airtel, Citi, Deloitte, EY, Genpact, Honeywell, ICICI Bank, L&T Infotech, Microsoft, Mastercard, PWC, Schindler, Shell, Udaan, and Zensar, of which Genpact made the largest number of offers. Three students took up entrepreneurship under the guidance of the Centre for Innovation Incubation and Entrepreneurship. They will be given a placement holiday of two years. Amit Karna, chairperson of the placement panel at IIM-A, said the campus saw over 20 new recruiters this year. Adarsh Sharma, PGPX recruitment secretary, said it saw an increased interest from e-commerce, health care & life sciences, and fin-tech companies.