IIM Ahmedabad: Placement report 2016 reveals ups & downs; PGP student gets Rs.1 Crore package

IIM Ahmedabad students of flagship PGP 2014-16 batch have grabbed 39% higher International Package of Rs.1.02 crore (USD 153,568) as compared to last year which stood at Rs. 73.89 lakhs (USD 110284) as per the final audited placement report of the institute.

Releasing the audited placement 2016 report on September 7, 2016, IIM Ahmedabad revealed that while there is spurt in higher international packages, the domestic pay packages reduced by Rs. 5 lakhs as the maximum domestic placement package in 2016 stood at Rs.48 lakhs as compared to Rs.53 lakhs in 2015.

Domestic & International placements: Inverse order
Interestingly, Domestic placement 2016 has recorded lower than last year maximum compensation but average package has gone up, on the other hand maximum compensation for International placement has gone up but average package has gone down

Salary statistics released after Audit
Placement 2016 at IIM Ahmedabad got over with the beginning of year 2016 in the month of February. However, IIM Ahmedabad releases the final placement report with salary statistics only after the entire placement process is audited as per IPRS standards after 6 months of the completion of placement process. Accordingly, IIM Ahmedabad has released reports of Final placements for PGP, PGP FABM and PGPX programmes for the year 2016, prepared as per the Indian Placement Reporting Standards (IPRS). According to IIM Ahmedabad IIM A adopted the IPRS on June 18, 2011 and this is the sixth year the institute is providing the standardised reports. As per the norms of the IPRS, these reports have been audited by Brickwork Ratings, an independent third party auditor.

383 sought placement
Out of total 403 students graduating in 2016, 383 sought placement through IIM Ahmedabad. While 14 students did not seek placement through the institute, 8 students proposed to embark on entrepreneurship journey and 1 student returned from placement holiday.

IIMA: Placement trends
Domestic Placement 2016: Average salary up
At the domestic placement front, IIM Ahmedabad despite remaining low at maximum pay package, the top B-school has gained by Rs.1.67 lakhs per annum in average placements in 2016. Comparative analysis will bring home the facts-

Salary component

Placement 2016
(Rs.in lakhs)

Placement 2015
(Rs. in lakhs)

Maximum Salary
48.00
53.00

Average salary
22.14
20.47

Median salary
21.00
19.70

Minimum salary
11.50
11.50

International Placement: Average goes down
International Placement 2016 has a surprising trend. The maximum pay package has gone up but average & minimum pay package has gone down substantially. Following are the major trends in IIM Ahmedabad placement process 2016-

Salary component

Placement 2016
(Rs.in crore/lakhs & USD)

Placement 2015
(Rs. in lakhs & USD)

Maximum Salary
Rs.1.02 Crore ($153,568)
Rs.73.89 lakhs ($110,284)

Average salary
Rs. 49.00 lakhs ($73580)
Rs.53.42 lakhs ($79738)

Median salary
Rs. 43.78 lakhs ($65342)
Rs.49.08 lakhs ($73250)

Minimum salary
Rs. 23.52 lakhs ($35112)
Rs.43.78 lakhs ($65351)

Top Recruiters
Accenture Strategy emerged as the top recruiter at IIMA in placement 2016 across all clusters having selected 18 students from the batch of 383 students at the campus. Bain & Company, The Boston Consulting Group extended 16 and 17 offers respectively. McKinsey made 11 offers.

Other top recruiters included Yes Bank, Goldman Sachs, P&G, Star TV, Bharti Airtel, Aditya Birla Group, Amazon among others.

More recruiters with more offers
More than 110 recruiters participated in the placement process in 2016 including the laterals process. Companies from multiple sectors across different geographies hired candidates for a wide range of functions with more offers.

3 cluster placements 2016
Sharing the key highlights in the placement 2016, IIM Ahmedabad has clarified that the placement process for the graduating batch of the Post Graduate Programme (PGP) in Management was successfully completed within 3 clusters.
The placement process was conducted in two stages. The first was the laterals process where firms interviewed students with prior work experience and offered them mid-level managerial positions.
About 50% of the batch was eligible for lateral placements, which provided students an opportunity to optimally leverage their work experience. The laterals process included firms from diverse sectors such as Analytics, Banking & Financial Services, Management Consulting, Consumer Services, Internet & E-commerce, Pharmaceuticals and Technology. Firms which participated in the laterals process included Aditya Birla Group, Alvarez & Marsal, Amazon, Flipkart, Google, Microsoft and Star TV India among others.

The second stage was the final placement process where firms were grouped into cohorts based on the profile offered, and groups of cohorts were invited to campus across different clusters.

Dream Application
The placement process, with the concept of dream application, allowed students to choose the sectors and functions of their choice for their final placement. Students are provided with the flexibility of making a dream application to any firm of their choice even with an offer in hand. This gives students the freedom to build careers in sectors of their preference.

IIMA: Fostering Entrepreneurship
IIM Ahmedabad has encouraged students to take up entrepreneurship as a career and this year, 8 students opted out of the placement process to start their own ventures. The start-ups are in various sectors like adventure tourism, data analytics, e-commerce, food processing.

In line with its culture of fostering entrepreneurship, IIM Ahmedabad offered a placement holiday to these students, wherein they will be allowed to participate in placements in one of the next two years in the event that their venture does not work out.