IIM-A executive MBA's highest salary package drops to 6-year low
The Indian Institute of Management, Ahmedabad (IIM-A), has reported a significant decrease in the maximum earning potential (MEP), for its one-year MBA program for executives (PGPX). The highest MEP has fallen to ₹54.8 lakh per annum, which marks a six-year low. This decline comes in the wake of a global economic slowdown, and contrasts with last year's record high MEP of ₹1.08 crore.
Median MEP sees slight increase
Despite the significant drop in the highest MEP, the median MEP for IIM-A's PGPX program has seen a slight increase. It rose from ₹33 lakh in 2023 to ₹35 lakh this year. This data was revealed in the Indian Placement Reporting Standards (IPRS) report for IIM-A's PGPX program. The report provides an insight into how students fared during placements amid challenging economic conditions.
Placement statistics reveal mixed results for students
Out of 147 students in the program, 126 opted for placements and 121 accepted offers. This left five students without their desired offers, marking the second such instance since the pandemic year of 2020. Three students chose entrepreneurship paths, while two joined their family businesses. A total of 105 recruiters participated in this year's placement process, with 67 being first-time recruiters.
Consulting leads in job offers, healthcare sector shows growth
The consulting sector led in job offers with 26, followed by IT consulting at 16, and banking and financial services at 13. Both the IT solutions and pharmaceutical/healthcare sectors made 12 offers each. The pharmaceutical/healthcare sector saw an increase in placements from last year's figure of 15. The energy sector also witnessed growth with seven placements compared to five last year.
International placements decline, IT sector dominates
International placements witnessed a decrease with only two this year, both in Germany and within the IT sector. This is a decline from the five and six international placements, recorded in 2022 and 2023 respectively. Despite these challenges, Professor Vishwanath Pingali, Chairperson of the placement committee at IIM-A, highlighted healthcare and pharmaceuticals as well as energy (specifically renewable energy and EVs) as emerging sectors.
