The International compensation package offer at the final placements of the 2016 batch of the flagship Post Graduate Program (PGP) at the Indian Institute of Management Ahmedabad saw an increase of 39% compared to the previous year.
The highest international package offered (maximum earning potential) this year stood at $153,568 against $110,284 a year ago, the audited placement report released by IIMA said.
The Maximum Earning Potential (MEP) is the sum of total guaranteed cash component, maximum possible-linked variable pay and other components of salary that are part of the offer. This can include long term compensation such as Provident Fund and other perks as well.
The highest domestic package, dropped 10% over the previous year’s figures or Rs 53 lakh to Rs 48 lakh in 2016.
As many as 383 PGP students had participated in the placements along with 46 PGP-ABM (postgraduate programme in agribusiness management) and 67 PGPX (postgraduate programme for management executives) students.
The placement process was completed within three clusters, the last held on February 19. The placement process, with the concept of ‘dream application” allowed students to choose the sectors and functions of their choice for final placement.
It was conducted in two stages. The first was the laterals process where firms interviewed students with prior experience and offered them mid-level managerial positions. The second stage was the final placement process where firms were grouped into cohorts based in the profile offered and groups of cohorts were invited to campus across different clusters.
About 45% of the batch was eligible for lateral placements. The firms which participated in the laterals process included Adiya Birla Group, Alvarez & Marsal, Amazon, Matrix partners, Microsoft, Ola and Star TV among others.
Around 110 firms had participated in the final placements. In sector-wise recruitments, consulting was on top followed by banking, financial services and insurance (BFSI), online services and fast-moving consumer goods (FMCG), among others.
The consulting sector had Accenture Strategy, Alvarez & Marsal, A T Kearney, Bain & Co, McKinsey & Co and The Boston Consulting Group recruiting 108 students this year against 97 last year.
Recruiters in the BFSI, FMCG and e-commerce sectors included the likes of Axis Bank, Bharti AXA, YES Bank, Hindustan Unilever, Procter & Gamble, Amazon, and Flipkart, among others.
Classification Of The Entire Placement Pool
Sector Wise Classification
Function Wise Classification
Salary Heads – Domestic
Salary Heads – International
(Information Source: Placement Report)