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Rs 1.1 Cr International, Rs 56 Lakh Domestic: the ‘High’ at IIM A PGPX 2014
39You read that right, that’s the highest salary graduates of IIM A’s MBA programme are taking home this year.
The institute released its audited final placements report under the Indian Placement Reporting Standards (IPRS) for the Class of 2014. According to the IPRS norms, these reports have been audited by CRISIL, an independent third-party auditor.
The average domestic salary (CTC) offered to PGPX graduates stands at Rs 26,74,736 this year and the average international salary is $144,040 (Rs 87,86,440)
While the average salary offered this year has remained flat compared to that offered last year (Rs 27,03,609), the minimum salary offered this year shows healthy growth: the minimum domestic salary offered last year was Rs 15,73,000 while it is Rs 17,00,924 this year, a growth of 8 percent over last year.
Surprisingly, the report released by IIM A does not mention the companies recruiting on campus this year. As per IIM A’s placement reports in the previous years, recruiters for PGPX students have included McKinsey, BCG, Google, Goldman Sachs, Accenture, HCL, KPMG among others.
This year’s report reveals that 7 students were unplaced at the time of making the report, which translates to a 91.2 percent employment by graduation.
While this may seem odd to some of our readers in India, as they are used to stories of 100% placement at IIMs for the two-year PGP programme which largely recruits candidates with 0-1 years work experience (and consequently stands accredited as a Masters in Management by global MBA accreditation body, Association of MBAs, UK), the figure is actually comparable or better than that quoted by most global B-Schools offering one-year and two-year MBA programmes targeted at professionals with on an average 5 years of work experience.
Experienced professionals tend to be choosy about the roles on offer given their extensive experience in certain sectors.
Meanwhile, IIM A’s two-year PGP programme saw graduates bagging a highest domestic salary of Rs 41,00,000, an average domestic salary of Rs 18,81,376 and a minimum domestic salary of Rs 10,00,000. The highest international salary offered to PGP students stood at $1,92,581, while the average international salary stood at $75,005.
30 companies extended 36 offers for students of IIM A’s agribusiness management programme (PGP-ABM) with Godrej Agrovet, GSFC, Kirloskar Oil India Limited and Naga Industries being the top recruiters. The programme saw the highest CTC of Rs 20.50 lakh as against Rs 19.73 lakh last year.
IIM A One Year MBA (PGPX) 2014 Placements in detail
39 Comments
i am glad that I am getting this information about mba from your site ..its a pleasure to see this kinds info in your website
Thanks Vaibhav, glad you found the website useful!
Sir this course seems very nice. Can you share mored details on phone with me. Thanks sir, XXXXXXXXXXX
Hi Kori, shoot our questions at us online and we will be more than happy to answer them. Operators unfortunately are not standing by!
Hello. I am studying in class 12th(cbse) in Mumbai. I was here to ask what is ‘PGPX’? what is the fullform of it, and what are the procedures, that I should do in according to do that course. Please tell me. PLEASE PLEASE PLEASE.
Dear Pratik,
Thanks for showing interest in PGPX, which is an abbreviation for ‘Post Graduate Programme in Management for Executes’ offered by Indian Institute of Management, Ahmedabad. This program is one-year full time MBA and suitable for professional with substantial work experience. Since you are currently studying in class 12, I suggest that it is too early for you to plan about PGPX program. You must now focus on completing your board exam first. Nevertheless, details of the PGPX program can be found on the IIM-A website (http://www.iimahd.ernet.in/programmes/pgpx.html)
Wish you all the best,
PGPX @ IIMA
Hello,
I hve jst passed 12th board exam. My iit score is not too gud so i m trying to join nit.
I want to persue my PG courses from IIT or IIM so which one is better?
To join IIT i have to give GATE xm and for IIM i hve to give CAT…
Is the syllabus of both is similar or they both have different directions and i have to choose one path or can i do the preperations simultaneously?
PLEASE REPLY
hey Satvik, These are two entirely different streams. IITs and NITs teach you engineering while IIMs teach you marketing, strategy, HR etc – skills you need to run a business. Also while IIT and NIT’s B.tech is a bachelors course and can be pursued after school, IIMs provides post-graduate degree – a globally accredited MBA (one-year full time course) for candidates with 5+ work ex. and a globally accredited MBM (two-year full time course) for candidates with 0-3 years work ex.
Hi Sir,
I’m here to enquire about PGPX. since i hold an experience of 2 years, am I eligible for the PGPX? Pls reply. Thanking you
Hi Zamaan, while most one year mba programmes in India need a minimum of 2 years work experience and others such as IIM B, C, I, L need 5 years of work experience, IIM A instead needs students to be at least 27 years of age. There is no minimum work ex. requirement.
Sir,i completed engineering.can I apply for 1year programme in IIM ahmedabad
Hi Manoj, Along with a graduation you would need substantial work experience to be eligible for IIM A’s PGPX. IIM A does not specify the number of years of work experience but needs candidates to be 27 years of age.
Sir, I’m here to ask how much percentile is needed in cat 2015 to get into IIM- A,B,C .I belong to obc reservation. I have 89% in 10th, 84% in 12 ( state board) , 6.4cgpa in engineering .thank you
Hi Siva, Admissions for a MBA around the world are holistic – the same is true for the MBA (one-year) at IIMs. There is no cutoff – scores are one of the aspect the B-Schools consider when they evaluate your application. Also, since these courses are self-funded by IIMs, reservations are not provided for in this course. Your school scores look good! Also, remember most One Year MBA courses (A, B, C) included exclusively accept GMAT scores.
Sir ,what is my chance to get in isb Hyderabad or IIM c,a,b….my record….
10th-77%
12th-73%
Both statE board
UG-marine engineering (6.49cgpa)
Bits( pilani)
Wrkng exp-6yr(40mnt sailing exp).
Have some extra cir activities
GMAT moch test-690
Waiting for your comment ,sir.
I was curious about how a one year course can lead to any kind of significant change in perception of the business world and more importantly a candidates capability of addressing the seemingly higher responsibilities that subsequent roles may require.
Could you write an article on these aspects rather than salary alone. In fact I believe even with salary a five year gain is what international schools report as reliable. Do we have any such data?
Hi ensee we have covered many of these aspects in depth through articles from our contributing bloggers – check the section on the main menu for some insights on this. Europe has largely been a one year mba market for ages – INSEAD, Oxford, Cambridge, Cranfield, IMD are some of the top schools with proven one year models with alumni in top echelons of management. So yes one year can be enough to create managers out of specialists provided the students have sufficient work ex.
Hii..i am working with jet airways as a cabin crew..i have completed 2 yrs of flying.just wanted to know if i can apply for isb hyderabad ..Thanks
yes you can.
Hi,
the placement provided is good but still 7 ppl were unplaced same goes with perv year 11 were unplaced, doesnt that keeps a benefit of doubt that even after going for such a program and paying a huge amount
Can we get some details for the candidates who were unplaced eg reason etc.
Dear sir,
I have done Bachelors in hotel management and i have 5 years of work experience as a manager. I want to do 1 year regular pgpx. Please tell me if i am eligible for pgpx and can u please mention which all IIMs accept CAT for pgpx.
Thanks
Respected sir
i want to know about the eligibility for iim can i get admission in iims i have get 52% in 12th with commerce . And than i completed my BBA with 72.2% .
Hi Kundan school marks a bit of a concern but with a high GMAT score you could show you have what it takes to pursue an MBA – admissions for a one year full time MBA in India (infact any MBA the world over) are holistic and the adcom will consider everything from your gmat, schools scores, college scores to your work experience before shortlisting.
hello admin, very informative and detailed article thank you for this! i wanted to know which specialization of mba can help get a job abroad like in companies from usa or other countries, is it finance, marketing or any other? and in the coming years which mba will be in demand in india and in abroad? please help me with this thank you
Hi Admin
Sincere thanks for this series of analytical inputs and recurring updates.. This will help the user’s to evaluate the ground realities and not to be swayed by flashy headlines …
Glad you found the news useful tarun!
hi… sir thanks for providing this information…
sir i m pursueing bba(banking and insurance) from ip university… from Delhi… i m little bit confuse that after bba in mba which specialised course i choose and which is the best university from which i done my mba for securing my future..and living a good lyf…and can i also have the fee structure of iim…
sir , I am in b.sc final year and I want to admission in iim. can I eligible for cat . Please tell me
Yes you are eligible for CAT, but you aren’t eligible for an MBA as yet (the globally accredited full time MBAs in India which are all one-year in duration). For a One Year MBA, you need to get work-ex first.
Hi sir
I this is Narayan Kumar I just ready to complete my B. Tech in June 2016, And I want to do MBA from any of the IIM. I know that for taking admission in IIM I have to appear in CAT 2016 but I have a doubt that for which course I have to choose during the filling of application form. Because of as I get information that there is some courses for which I will have an work experience. But now I haven’t any work experience so please reply me the name of course for which I can apply please.
Thank you.
Hi Narayan, you are eligible to apply only for the pre-experience PGP programme which is accredited as a Masters in Business Management (MBM) and not an MBA, by global accreditation body AMBA, UK. To apply to this programme select Post Graduate programme (PGP). To understand the difference between MBA and MBM read this: http://www.oneyearmba.co.in/mim-vs-mba-pgdm-vs-mba-pgp-vs-mba-pgp-vs-pgdm-pgp-vs-pgpx-difference-which-is-better/ and
http://www.oneyearmba.co.in/like-nestle-b-schools-are-businesses-too-jago-grahak-jago-mislabeling-misleading-claims-wrong-practices-advertising-lies-wrong-claims-mba-college-consumer-help/
Sir,i completed engineering.can I apply for mba programme in IIM ahmedabad
Hi Brijesh, without work experience you can apply for MBM (two-year PGP) course for freshers – while this course is accredited as an MBM at all IIMs that have applied for global accreditation of their courses, in India they call the course an MBA since local authorities have more lenient accreditation norms. Once you have 5 years of work experience, you are eligible for the MBA which is a one-year full time course at IIM A. In popular imagination however the two-year course at IIM A is also an MBA, so you have to decide what works for you. Two year course leads to entry level jobs, one year MBA leads to senior jobs.
sir my 10th percentage-74
12th percentage-43(only)
graduation-55
will I get a package of 50+ lakhs if I join iim with these low academics records?
Hi Akash the salary you get depends more on your work experience rather than your scores in school and graduation. Scores are more important from a view of getting into B-School. What kind of work experience do you have? Since your 12th marks are low, it could pose to be a challenge at the admission stage, however a good gmat score could help you.
dear Admin.
*my SSLC % is 82,
*Apprentice in Turner % is 89(full term-3 yrs)
*my diploma % is 78,
presently doing my engineering in 2 nd year
and I’m gold medalist-2012 in national all India skill competition of Apprentice in turner.
*plus working in BOSCH for 2 years and doing my engineering parallelly.
hw are my chances when I approach to CAT.
kindly suggest and also guide me how to do my engineering so that there are favourable chances to get admitted
Hi admin,
I am an engineer with 10yrs.+ of work exp. and am wanting to change wagon from engineering to consulting. I am following the 1 yr MBA space for couple of months now, and looking at the level of competition my college and 12 credentials looks ‘not so up there’. ‘My 10th was 85%, 12th – 71%. passes engineering first degree from private university, however there was a 1 yr break in the 4 yr course, but my academic graph took of after that.
Can you offer a prospective?
Secondly I am focusing on IIMA since i find the average class age and exp. is more in tune with my present. Should I increase my paradigm?
Thanks in adv.
Hi sir
I want to know that which one is better for me CAT OR GMAT..
I am in 2nd year of graduation.
I scored 77% in 10th ( cbse)
And 63% in 12th ( state board).
can I get addmission through both of them if I score better in any one of them??
Plzzz reply sir
Hello Sir,
I am in telecom sector with 5.3 years of Work Ex. I want to change my line of work and want to get into financial side. I am particularly interested in capital markets and as a whole in investment banking. Can u guide me what are my chances of securing a seat in IIMA and will this course be.useful?
My 10th marks 87%
12th Marks 81%