IIM-A's PGPX sees highest package of Rs 1.38 crore

The consulting sector continued to rule the roost at the final placements for PGP, followed by BFSI

The latest audited final placements report released by the Indian Institute of Management, Ahmedabad (IIM-A), has pegged the highest international compensation package at $207,581 (approximately Rs 1.38 crore) for its post-graduate programme for executives (PGPX), as against last year's $178,200 (Rs 1.18 crore). The highest domestic package in PGPX stood at Rs 54.55 lakh as against Rs 56.31 lakh of last year.

The premier B-school on Thursday released the report audited by CRISIL under its Indian Placement Reporting Standards (IPRS) for the final placements of post-graduate programme in management (PGP), agri-business management (ABM) and PGPX that were conducted in February-March 2015.  The final placements were conducted in three clusters with the third and final cluster being held on March 1, 2015.

The report provides total compensation package in the form of maximum earning potential (MEP) component. The MEP component is the sum total guaranteed cash component, maximum possible-linked variable pay and all other components of salary that are a part of the offer, including long-term compensation such as provident fund and other perks, according to IPRS.

According to the report, for PGP, the institute saw its highest international MEP dip from $192,581 (Rs 1.28 crore) last year to $110,284 (Rs 73.38 lakh) during 2015 final placements. On the other hand, the highest domestic MEP rose by about 30 per cent from Rs 41 lakh last year to Rs 53 lakh this year.  

However, both the average international and domestic MEP for PGP rose from $75,005 (Rs 49 lakh) last year to $79,738 (Rs 53 lakh) this year, and Rs 18.81 lakh last year to Rs 20.47 lakh this year, respectively. Similarly, both the average international and domestic MEP for PGPX rose from $144,040 (Rs 95.81 lakh) last year to $147,119 (Rs 97.86 lakh) this year, and from Rs 26.74 lakh last year to Rs 28.76 lakh this year, respectively.

What's more, according to the purchasing power parity (PPP) conversion rate for 2012, the highest combined Indian and non-Indian currency MEP for PGPX stood at $227,421 (Rs 1.51 crore), whereas last year the same stood at $234,761 (Rs 1.56 crore).  For the PGP programme, it stood at $220,925 (Rs 1.47 crore), whereas last year the same stood at $259,215 (Rs 1.72 crore), as per the PPG conversion rate for 2012.

According to IIM-A, more than 115 firms made offers in the placement process in 2015.

The consulting sector continued to rule the roost at the final placements for PGP, followed by banking, finance and insurance services (BFSI).  In terms of number of offers, Accenture Strategy emerged as the top recruiter across all clusters having selected 21 students from campus. The other top recruiters included the likes of McKinsey & Company, The Boston Consulting Group (BCG), Bain & Company, YES Bank, Goldman Sachs, Hindustan Unilever, Star TV India, Bharti Airtel, Aditya Birla Group, Future Group, Amazon and Samsung, among others.

The flagship PGP programme saw around 361 students seeking placements whereas 11 students opted out of placements to start their own ventures in areas like adventure tourism, data analytics, e-commerce, food processing, among others.

Talking about the placements, Satish Deodhar, chairperson of the Placement Committee at IIM-A, said, "Trifles make perfection, and perfection is no trifle. Reaching a perfect 100 in placement reporting by the quinary year of IPRS shows the quintessential character of IIM-A. It only emphasises our commitment in bringing transparency in whatever we do. We highly appreciate the continued support of all recruiters and the efforts of our student placement team, CRISIL and our staff in making this happen."