IT sector lost its shine in 2022 IIM- Ahmedabad recruitment drive for the first time since 2015, the sector use to be the top recruiter for the PGPX (one-year executive MBA) course at the Indian Institute of Management, Ahmedabad (IIM-A).
Only 17 students chose to work in the IT sector during the 2022 placements, compared to an average of 44 hirings during the previous three years. The third most popular industry for hiring was IT, after consulting (41) and online services (24). From an annual maximum earning potential (MEP) of Rs 30 lakh during the previous three years to Rs 36.2 lakh, the median income increased by 21%.
On this sudden change of tides, Professor Ankur Sinha, chairperson of placements at IIM-A stated that there could be a post-pandemic rise in demand. He said, “(Rise in consulting offers) could be well related to the rising number of projects, in the consulting space as a number of firms are undergoing transition post-pandemic.”
The one-year executive MBA PGPX programme at IIM-graduates’ A’s annual maximum earning potential (MEP) for 2022 was at a three-year low of Rs 75.2 lakh in domestic placements. The maximum package available in 2020 and 2021 was Rs 81 lakh and Rs 82 lakh, respectively. These were the largest packages since 2015.
On Thursday, the information was made public in the IPRS report for 2022 assignments that had been audited.
The number of international offers this year—five—was more than it had been in the previous four years. Five international placements were made through the programme in 2018. The source of all five bids was Malaysia’s Kuala Lumpur. The average wage earned abroad was $1,50,297.
To the 121 students who decided to pursue placements, the businesses presented 172 offers. There were 20 new businesses this year. The study states that Adani Digital and Accenture made the most offers overall.
Four students choose to pursue entrepreneurship this year, as opposed to 2, 3, and 1 in the years 2019, 2020, and 2021.
The Indian Institute of Management, Ahmedabad’s chair of placements, Prof. Ankur Sinha, stated that the post-pandemic numbers demonstrate a large positive rise in the placement figures, which may very well be due to the firms becoming stronger after the pandemic.
“Online services, IT and Healthcare continues to remain strong with 45 offers out of 119. However, consulting companies alone extended 41 offers to our students – 36 domestic and 5 international which indicates an uptick in consulting hiring as compared to the previous years,” he said. “This could be well related to the rising number of projects in the consulting space as a number of firms are undergoing transition post-pandemic.”
Every year, different sectors were the top paymasters. In 2019, it was the environment & energy sector, while in 2020, it was education & aviation, in 2021, and in 2022, it was online services.
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