The Post-Graduate Program in Management for Executives (PGPX), a one-year, full-time, residential MBA program at the Indian Institute of Management Ahmedabad attracts the best of talent from bright, enthusiastic aspirants with substantial professional experience.
With the increasing demand for PGPX from aspirants, IIM A plans to almost double its intake from the present 90 to 180 students. A proposal has already been sent to the Union Human Resource Development Ministry for sanction and approval.
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For the past five years, the PGPX program has been ranked No. 1 or 2 world-wide in Career Progress in Financial Times (FT) Global MBA Rankings. The PGPX course was ranked 24th overall, globally by FT in the Full Time MBA Ranking.
IIM-A Director Ashish Nanda says the proposal for increase in student intake also includes the two-year Post Graduate Program (PGP).
“However, increasing capacity requires capital investment. We are open to all possibilities, including financial support by the government, to fund the expansion,” he adds.
“We will take care of operational expenses. We believe investment in increasing capacity of existing IIMs is highly cost-efficient for the nation,” Nanda says.
HRD Minister Prakash Javadekar, during a ‘closed door’ meeting at IIM Shillong on September 20 with directors of all 13 IIMs and three chairpersons of the boards, is understood to have discussed several issues such as the impending IIM Bill, faculty shortage, need for more research and scaling up of campuses. He also assured ‘full support’ to the premier B-schools.
Meanwhile, the high calibre of the students can be seen in the class profile for the 2016 batch. It comprises 85 members with an average GMAT score of 706. The class has 3 international students while 43 others have international experience.
While 50% are graduates, 34% have post graduate qualifications and one student possess a Doctorate. While the majority of the students at 58% have 8-12 years work experience, 13% are in the 12-16 years bracket. Only 4% of the class have more than 16 years job exposure while 10% are with less than 8 years experience.
As far as industry background is concerned, 29% are from IT & IT Services, 9% in Manufacturing, 8% each in Banking & Financial Services and others (heavy industry, shipping, engineering consulting, infrastructure and advertising).
Previous employers include several well-known companies like Deloitte, Cognizant, Accenture, KPMG, UBS, Microsoft, Oracle, PWC, Ericsson, Daimler, Caterpillar, Ashok Leyland and Maruti Suzuki.
According to the audited report of the Indian Placement Reporting Standards (IPRS), the 2015-16 PGPX batch got an average domestic Cost To Company Salary (including bonus and other compensation) of Rs 29,10,000. The highest domestic CTC was Rs 44 Lakh. The median maximum earning potential was Rs 27,81,004.
International salary offer had a fixed yearly cash component of $1,00,000 minimum and $1,21,040 maximum. The average international CTC salary was $1,23,000.