IIM Ahmedabad Student Gets Rs.1.08 Cr Domestic Salary; One Year MBA (PGPX) Placement 2023 Data Released; Accenture, Lentra, McKinsey Hire Big

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Updated on August 21, 2023
IIM Ahmedabad one year MBA (PGPX) Placement 2023 has concluded with high domestic average salary of Rs.35.68 LPA while the highest salary goes up at Rs.1.08 Crore from Rs.75.20 LPA last year. This year Students got 6 International offers with high packages. 53 marquee recruiters offered diverse roles in Middle and Senior Management positions to the PGPX graduates ranging from CEOs to HoDs. The IPRS audited report for IIM Ahmedabad PGPX Placement 2023 for 17th batch reflects many firsts
IIM Ahmedabad PGPX Placements 2023

IIM Ahmedabad has completed one year MBA placement 2023 for its 17th batch of PGPX students with high salary packages and diverse top roles offered by the recruiters. The audited placement report 2023 released on August 21, 2023 by IIMA, following the conclusion of IPRS standard audit,  reflects high compensation packages to the students of its PGPX program.  The participants of the 17th batch of PGPX comprised of candidates from diverse industries and functions with experience ranging from 4 years to 16 years. While the highest domestic salary has gone up at Rs.1.08 crore in IIMA PGPX placement 2023, the average domestic salary for the batch was Rs.35.68 LPA and 6 students got international offers with high packages.

As many as 130 students from the PGPX 2023 batch participated and 128 accepted offer letters from globally recognised companies across sectors.  Consulting firms emerged as the largest recruiters this year, by hiring 24 percent of the students. Information Technology Services, BFSI and Automotive sectors followed close by hiring 19 percent, 10 percent and 7 percent of the students, respectively.

IIM Ahmedabad (IIMA) concluded the final placement process of its One Year Full Time Post Graduate Programme in Management for Executives (PGPX) at the end of June 2023. As every year, the final placement report was audited by an external agency and finalized on August 16, 2023.

Prof. Ankur Sinha, Chairperson of the Placement Committee said, “We had one of the finest placement seasons for our PGPX Class of 2023 in the 17-year journey of the programme. The statistics are a clear testimony to the efficacy of the MBA - PGPX programme that aims to create a new crop of middle and senior management professionals who are well-equipped to create enduring value in the world of business, both in India Inc. and abroad. In line with the trend from previous years, there was sustained hiring for strategic and growth roles during the current season as well. The programme has continued to garner greater global visibility as can be seen from an unprecedented number of international offers from the consulting sector. The unwavering commitment and resilience showcased by the student placement committee, in an economy that was widely acknowledged to be heading into recession, has clearly translated into a successful recruitment season.”

About 53 firms participated in this year’s on-campus placement process with organisations visiting the campus to recruit candidates for their middle and senior management positions. This year also PGPX students continued to be preferred for leadership roles as well as middle and senior management roles both by Indian and international recruiters. Some positions for which students, including women students, were hired for - included Vice President, Director, Leadership Programs candidates, Program Head, Product Head, Assistant Vice President, General Manager, among others. While the PGPX students were largely considered for senior leadership and middle management roles by large corporates, the start-ups - both unicorns and soon-to-be-unicorns – too recruited a substantial number of students this year.

IIM Ahmedabad PGPX Placements 2023: Highlights

  • Highest Domestic Salary goes up at Rs.1.08 crores in Placement 2023 from Rs.75.20 LPA last year
  • Average Domestic salary stood at Rs.35,68,276 in Placements 2023 as against Rs. 38,64,049 last year
  • Median Salary stood at Rs.33.05 LPA in Placement 2023 as against Rs.36.26 LPA last year
  • PGPX 2023 Batch Size goes up at 140 students from 136 last year
  • Students eligible for Placement: 140
  • Students who participated in Placement: 130
  • Students who accepted placement offers: 128
  • 10 students did not seek placement
  • Total Recruiters: 53
  • Total Offers Made: 178
  • Top Recruiting Sector: Consulting with 24% Placements followed by BFSI with 19% Share
  • Top Recruiters include Accenture, Lentra, McKinsey and Persistent Systems, BCG SEA (South-East Asia), Bain, PwC, McKinsey, KPMG, Infosys, Wells Fargo among others
  • Top Roles Offered: Vice President, Director, Associate Director, Associate Vice-President, Leadership Programs, Program Head, Product Head, Consultant, Senior Manager, Product Manager, Client Partner, and Operations Manager
  • New Recruiters: 36 new logos were added, representing 66% of all recruiting organisations, in the IIMA PGPX placement 2023 season

The PGPX placements 2023 started in the last week of November 2022 with most of the hiring completed in the wave (4 days hiring event), followed by hiring on a rolling basis until the end of June 2023.

IIM Ahmedabad PGPX International Placement 2023
This year IIM Ahmedabad 6 students of PGPX 2023 batch got international placements with high salary packages. The audited report 2023 for IIM Ahmedabad PGPX Placement reveals the international salary data also which reflect sharp increase over last year

  • Total Students who Got International Placements 2023: 6
  • Location wise Placements 2023: Amsterdem-1; Franfurt-1; Dubai-3; Jakarta-1
  • Highest Salary in USD: $ 212, 347
  • Average Salary in USD: $ 123,949

Middle and Senior level Roles Offered
For a diverse and accomplished participant PGPX 2023 group, recruiters selected the candidates for their middle and senior management positions. The 2023 placement process saw a renewed focus on hiring for Consulting and Product Management roles as well as international hiring for the program. Continuing with the tradition, recruiters showed their trust in the talent pool available within the program and hired for strategic and growth roles such as Vice President, Director, Associate Director, Associate Vice-President, Leadership Programs, Program Head, Product Head, Consultant, Senior Manager, Product Manager, Client Partner, and Operations Manager

Top Recruiters                  
Top Recruiters for IIM Ahmedabad PGPX 2023 batch included global giants such as BCG SEA (South-East Asia), Bain, PwC, McKinsey, KPMG, Infosys, Wells Fargo, Persistent Systems, Trident Devrev, Near Intelligence, Adani, Arthur D. Little, Ather Energy, Magicpin, Xynteo, Accenture, Indegene, FinIQ Genpact, ElasticRun, Invest Punjab, Lentra, Hindustan Coca-Cola Beverages, L’Oreal, Sun Pharma, Head Digital Works. Accenture, Lentra, McKinsey and Persistent Systems were the firms that made the highest number of offers.

Batch with 4 to 16 Years of Work Experience
The participants of the 17th batch of IIM Ahmedabad one year MBA (PGPX) are from varied backgrounds with experience ranging from 4 years to 16 years.

IIM-A PGPX Sectoral Placement 2023
Below are shared the details of various sectors in which 128 students of PGPX 2023 batch of IIM Ahmedabad have been placed

Function No. of students placed for ​domestic roles No. of students placed for International roles
Consulting 25 6
BFSI 13 -
IT Services 24 -
Automotive   9 -
IT Consulting   9 -
Logistics   6 -
Energy   5   -
Healthcare   5 -
Software Services   5 -
Data Science   3 -
Manufacturing   3  -
Pharmaceutical   3 -
Technology   3 -
FMCG  2 -
Infrastructure  2 -
Conglomerate  1 -
E-Commerce  1 -
Engineering Procurement & Construction  1 -
Education  1 -
Retail  1 -
Total 122 6

On the successful completion of PGPX placements 2023, PGPX Recruitment Secretary Daniel Joseph said, “The results for this season further highlight the programme’s emphasis on building astute management leaders who are well-poised to adapt to today’s rapidly evolving business environment. The placement figures for the year attest to the strength of the programme which is ranked #1 globally in the Financial Times - Full Time MBA rankings, under the ‘Career Progress’ attribute.”

The Post Graduate Programme in Management for Executives (MBA-PGPX) at IIM Ahmedabad is one of the leading one-year, full-time, residential MBA programmes. It is carefully designed by the Indian Institute of Management Ahmedabad for bright, enthusiastic, and aspirational executives with substantial professional experience. Each year, the PGPX programme participants are hand-picked by the faculty of IIM Ahmedabad to ensure a rich, meticulous, and well-balanced in-class learning experience for all participants.

IIM Ahmedabad follows IPRS Standards of Audited Report in Placements. Indian Placement Reporting Standards (IPRS) is an effort towards standardizing B-school placement reports. This initiative taken by IIM Ahmedabad has resulted in designing a comprehensive Placement Reporting Standard. The standards designed not only assure the privacy of the individual level data or information but also specify the format for reporting aggregate statistics which would satisfy the information needs of the different stakeholders.

The Indian Institute of Management Ahmedabad (IIMA) is a premier, global management Institute that is at the forefront of promoting excellence in the field of management education. IIMA was founded as an innovative initiative by the Government, industry and international academia in 1961. Over the 60 years of its existence, it has been acknowledged for its exemplary contributions to scholarship, practice and policy through its distinctive teaching, high-quality research, nurturing future leaders, supporting industry, government, social enterprise and creating a progressive impact on society. IIM Ahmedabad has a global network with over 80 top international institutions and a presence in Dubai. Its eminent faculty members and close to 40,000 alumni, who are at the helm of influential positions in all walks of life also contribute to its global recognition.

Over the years, IIMA’s academically superior, market-driven, and socially impactful programmes, have earned high reputation and acclaim globally. It became the first Indian institution to receive international accreditation from EQUIS. The institute also is placed first in the Government of India’s National Institutional Ranking Framework (NIRF), India Rankings 2023. The Institute has been ranked number 1 in India, number 2 in Asia and the 35th, globally, in the Financial Times (FT) Executive Education Rankings 2023. The renowned flagship two-year Post Graduate Programme in Management (PGP) is ranked 26th in the FT master’s in management Ranking 2021 and the one-year Post Graduate Programme in Management for Executives (PGPX) have been ranked 51st in the FT Global MBA rankings 2023.

IIMA offers consultancy services and more than 200 curated executive education programmes in customized, blended, and open enrolment formats for a diverse audience comprising business leaders, policymakers, industry professionals, academicians, government officials, armed forces personnel, agri-business and other niche sector specialists and entrepreneurs.

Stay tuned to MBAUniverse.com for more updates on IIM Ahmedabad