IIM Ahmedabad Placement 2020: Average Salary up at Rs.26.13 LPA; Highest at Rs.55.88 LPA, International Shoots to Rs.1.32 Cr; Audited Report Released

MBAUniverse.com News Desk |
October 13, 2020
The Audited figures of IIM Ahmedabad Placement 2020 released on October 13, 2020, reflect highest international salary of PGP 2018-20 batch going up at Rs.1.32 Crore from Rs. 83.51 LPA last year, Average domestic Salary going up at Rs.26.13 LPA in 2020 from Rs.25.83 LPA last year. However, the highest domestic salary has gone down to Rs.55.88 in 2020 from Rs.70 LPA last year.
IIM Ahmedabad Placement 2020

The much awaited IIM Ahmedabad Placement 2020 audited compensation details have been released a bit late on October 13, 2020, due to Covid-19 pandemic. The audited placement data 2020 reveal that PGP 2018-20 batch average salary has gone up remarkably at Rs.26.13 LPA from Rs.25.83 LPA last year while the highest domestic salary has gone down at Rs.55.88 LPA this year from Rs.70 LPA last year.

However, IIM Ahmedabad students are offered highest international salary equivalent to Rs.1.32 crore in Placement 2020 as against Rs.83.51 LPA last year. 

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   IIM Ahmedabad Placement 2020: Key Highlights

  • Highest Domestic Package: Rs.55.88 LPA
  • Average Domestic Package up at Rs. 26.13 LPA from Rs.25.83 LPA last year
  • Highest International Package up at US$180,645 (Eqv.Rs.1.32 Cr. PA) from US$117,631 last year
  • Average International Package up at US$84,200 (Eqv.Rs.61.76 LPA) from US$80,050  last year
  • Difference between Highest and Average Salary narrows down
  • Number of PPOs Offered: 190
  • Number of PPOs Accepted: 108
  • Total Students eligible for placements: 404
  • Total Students participated in IIMA Placement 2020: 391
  • Students who did not seek placement at IIMA: 13
  • Total Students accepting Placement offers: 388
  • Students embarking on Entrepreneurship Ventures: 2 
  • Students who sought placement outside campus: 11
  • Number of Recruiters: 153
  • Number of Different Role Profiles Offered: 182

This year IIM Ahmedabad released its IPRS Standard Audited report after a month delay. In previous years, the audited report used to be released in August last week or September first week. Sharing the key reasons for delay, IIM Ahmedabad official said, “It got delayed due to the audit team’s inability to travel to campus, and so we had to do all audit process online. We had to complete the process one by one programme.” Although, IIM Ahmedabad had completed its Final Placement Process 2020 for PGP 2018-20 batch in three days with all the three clusters in placement process getting over on February 13, 2020, it is the policy of IIM Ahmedabad to release the placement statistics after IPRS Audit in the month of August/September. Top Recruiters from multiple domains participated across the 3 clusters in the Final Placements. IIM Ahmedabad placement 2020 progressed leaps and bounds in all the three clusters.

Ups & Downs in IIM-A Placements
The facts and figures shared in the IPRS standard Audited Final Placement 2020 report released by IIM Ahmedabad reflect many surprises and twists on various counts including ups and downs in highest and average compensation packages in IIM Ahmedabad placement 2020.  

Domestic Placement 2020 Analysis: Highest and Average Salary
At the domestic placement front, IIM Ahmedabad has recorded marginal hike in average salary while the maximum salary has gone down. IIM Ahmedabad has gained by Rs.0.30 LPA in Average Salary and lost Rs.14.12 lakhs per annum in highest placements in 2020. Comparative analysis of last four years’ trends will bring home the facts:

Salary component
Placement 2020 (Rs. In Lakhs)
Placement 2019 (Rs. in Lakhs)
Placement 2018 (Rs.in Lakhs)
Placement 2017 (Rs.in Lakhs)
Maximum Salary
55.88
70
72.00
53.00
Average salary
26.13
25.83
24.45
22.58
Median salary
25.00
24
23.00
22.00
Minimum salary
16.00
15
13.70
  9.00

International Placement: Average & Highest Salary Up
International Placement 2020 has a surprising trend. Not only the average compensation has gone up, the maximum salary package has also gone up. Since last year, the maximum compensation packages in International Placements have gone up earlier they were going down.

Following are the major trends in IIM Ahmedabad International placement packages

Salary component
Placement 2020 (Rs.in Lakhs & in USD)
Placement 2019 (Rs.in Lakhs & in USD)
Placement 2018 (Rs.in lakhs & in USD)
Placement 2017 (Rs.in lakhs & in USD)
Maximum Salary
Rs.1.32 Crore
($ 180,645)
Rs.83.51 lakhs
($117,631)
 Rs.66.45 lakhs)
($99,172)
Rs.85.27 lakhs   ($127,275)
Average salary
Rs.61.76 Lakhs
($ 84,200)
Rs.56.84 lakhs
($80,050)
Rs.48.92 lakhs
($73,013)
Rs.45.62 lakhs
($ 68,104)
Median salary
Rs.56.92 Lakhs
($ 77,602)
Rs.56.57 lakhs
($79,672)
Rs.46.78 lakhs
($69,823)
Rs.43.78 lakhs
($ 65,351)
Minimum salary
Rs.31.16 Lakhs
($42,478)
Rs.34.79 lakhs
($49,000)
Rs.25.64 lakhs
($38,274)
Rs.19.73 lakhs
($ 29,448)

If we take into account the fluctuations in exchange rate there would be some impact visible due to this change in exchange rate and the INR equivalent.

International Placement Locations & Number of Offers
19 students of IIM Ahmedabad accepted international placement offers as per following details:

Country
No. of IIMA Students Placed in 2020
Dubai
 4
Hongkong
 2
Singapore
 3
Saudi Arabia
 4
Malaysia
 2
Qatar
 1
Other Counrties
 3
Total
19

Top Recruiters

153 firms participated with 182 different roles in the placement process in 2020. In the Final placements, firms which made the most offers on campus included Mckinsey, Boston Consulting Group and Tata Consultancy Services.

McKinsey made the most offers (including Pre-Placement Offers) at the end of the final placement process with 27 offers, followed by Boston Consulting Group with 23 offers. In the Niche Consulting cohort, Mastercard extended 11 offers. Among the investment banks, Avendus was the largest recruiter, making 10 offers, closely followed by JP Morgan with 8 offers.

This year, the Private Equity, Venture Capital and Asset Management cohort witnessed an 80% increase in participating firms4is-a-vis last year including Matrix Partners and SAW Partners. The consistent increase in firms participating in this cohort year after year (200% increase last year) reinforces the trust that diverse industries have in the quality of IIMA PGP program.

In the consumer goods and consumer services domain, AB InBev extended the most offers — 8, followed by Airtel with 7 offers. With 6 offers, CK Birla was the largest recruiter in the General Management cohort. In the IT Consulting cohort, Tata Consultancy Services was the largest recruiter with 12 offers. In the Laterals process, FinlQ made the highest number of offers (including pre placement offers) — 11. Amazon (10 offers), Microsoft (7 offers) and RPG Group (7 offers) were the other top recruiters in the Laterals process.

IIMA Placement Process 2020
The placement process for the graduating batch of the Post Graduate Programme (PGP) in Management at lIM Ahrnedabad was successfully completed within three clusters. The third and final cluster was held on 13th February 2020.

The final placement process 2020 was conducted in two stages at IIM Ahmedabad. The first was the Laterals process where firms interviewed students with prior work experience and offered them mid-level managerial positions. 44 firms hired from diverse sectors such as technology, banking, consulting, general management and analytics. In the second stage of the Final placement process, firms were grouped into cohorts based on the profile offered, and groups of cohorts were invited to campus across different clusters. As in previous years, students were provided the flexibility of making “dream” applications to firms of their choice in a subsequent cluster even with an offer in hand. There were 160 dream applications this year. This gave students the flexibility and choice to build careers in sectors of their preference. Students also had the opportunity to start their own venture under the mentorship of CIIE.CO, the entrepreneurial hub built by IIMA.

The successful completion of the recruitment cycle for the batch of 379 students stands testament to the high quality of students at the institute. The nature of the placement process provided adequate flexibility to both students and recruiters

Sectoral Placements: Overview
Firms from different sectors and geographies participated in the process at llM Ahmedabad. 

Consulting
Recruiters in the management consulting domain included Accenture Strategy, Boston Consulting Group, Kearney, Bain & Co., KPMG, McKinsey & Co., Monitor Deloitte, Oliver Wyman and Strategy& among others.

Investment Banking
Prominent recruiters in the Investment Banking and Markets space included Citi, Credit Suisse, Goldman Sachs, HSBC , JP Morgan among others.

Consumer Goods & Services
Consumer goods, consumer services and consumer electronics cohorts saw participation by recruiters like AS lnBev, Airtel, Asian Paints, Cavinkare, Dabur, ITC, Lenovo, L’Oreal, Nestle, Procter and Gamble, Samsung, Tata Sky and Wipro among others.

General Management
The General Management cohort saw participation from Aditya Birla Group, C.K. Birla, Reliance Industries Limited and Tata Administrative Services among others.

RetaIl
Retail B2B & B2C cohort consisted of firms like Apparel Group and eShakti.

BFSI
The Banking, Financial Services & Insurance recruiters included firms like American Express, Bajaj Finserv and Liberty Insurance.

Lateral Placements
Firms which participated in the Laterals process included Amazon, BrowserStack, Capgemini, FInIQ, Flipkart, Microsoft, Ola, Paytm, Praxis Global, Property Pistols and RPG among others.

New Recruiters
There were 38 new recruiters this year, including Blackstone Group, Colgate, Daytooay Health, Diageo, FIITJEE, HCL Technologies and Strategy& (Middle East). Roles were also opened across geographies including Australia, Malaysia and Middle East

Roles Offered
The students explored opportunities across multiple roles in Finance, Sales and Marketing, Supply Chain, Operations, Commodity Trading, Project Management, and Consulting. The process, with the continuation of "Dream Appkation", helped students choose sectors and roles that best fit their career aspirations.

The cluster-cohort system is unique to IIM-A. It is meant to encourage students to consider career choices based on role and sector. The dream applications process allows a student to sit for 5 more companies after securing an offer. The cluster-cohort system has also helped to host recruiters in a fair and transparent manner leading to stronger relationships between IIM-Ahmedabad and the recruiter community.

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.

IPRSInitiative provides transparency and authenticity in placement reporting across B-schools, through the means of audited placement reports.

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