IIM Ahmedabad’s PGPX (Post Graduate Programme in Management for Executives) has been a resounding success as far as returns on investment are concerned.
The IT and online services sector was the top paymaster thrice in the last five recruitment cycles of the programme, sources at the institute said.
In 2020, the manufacturing sector offered the highest pay package to the executives while this year, it is the banking, financial services and insurance (BFSI) sector that has offered the fattest salary.
The other indices of the programme’s success also point towards a positive trajectory as revealed by the institute’s final audited placement report. The maximum earning potential (MEP) domestically increased from Rs 75.2 lakh to Rs 1.08 crore, a rise of about 44 per cent. In comparison, international placements indicated a rise of 40 per cent in a year, from $1,51,297 to $2,12,347 (INR 1.5 -1.7 crore).
It has been among the highest pay hikes in recent times. Even in the pandemic year, the PGPX placements saw a 35 per cent rise in domestic MEP.
Last year, there were five international placements and all five offers were from Kuala Lumpur. This year, there have been six international placements, with students opting for roles in Amsterdam, Dubai, Frankfurt and Jakarta.
Prof Ankur Sinha, chairperson of the placement committee at IIMA, said that they had one of the finest placement seasons for the PGPX batch of 2023.
“In line with trends from the previous years, there was sustained hiring for strategic and growth roles in the current season too. The programme has continued to garner greater global visibility as can be seen from an unprecedented number of international offers from the consulting sector,” he said.
This recruitment season also saw one placement in the ‘Work from Home’ (WFH) category. Sources at the premier B-school said that the arrangements were not made at the placement stage, and that it may have been directly made by the recruiting firm and the candidate.