The audited placement report of IIM-Ahmedabad,for 2018 reveals that the year brought a windfall for the premier B-school’s students. This year’s maximum domestic offer of Rs 72 lakh per annum is the highest since 2011. Moreover, the average salary is also the highest, at Rs 24.44 lakh per annum, since 2011.
On the flip side, for the first time since 2011, the highest international salary offer has slipped below US $ 100,000 per annum. A boom was reported in 2014 when the maximum salary offered was $ 192,581per annum, and the average international salary offered was $ 75,005 per annum, which has slid to $ 73,013.
The slide is reflected in overseas placements. In 2011 and 2012, the numbers were 24 and 40 which slowly tapered off. Compared to 18 overseas placements in 2017, this year 16 opted to go abroad to locations such as Hong Kong, Malaysia, Nigeria, and Vietnam. Germany was the only prominent European destination; there was no direct US or UK placement.
Prof Amit Karna, the chairperson of placements at IIM-A, said that the trend points at healthy economic development in India and better opportunities to attract talent. “Placements reflect the overall demand and economic trends. So, the figures can be attributed to the policies overseas,” he said.
System matches firms and students
Prof Amit Karna said that the sunnier numbers — 36% rise in the highest package and 8% rise in average package compared to 2017 — can be attributed to the better placement system which finds the best match between employers, majority of whom are regulars at the B-school, and the students.
“Other factors such as constantly updated coursework and the industry’s trust in our pedagogy are also significant factors,” Karna said. “We, however, insist that the average or maximum salary figures should not be the driving force or the standard to judge the quality of placements — it should be the satisfaction for both the students and firms participating in the process.”
IIM-A officials pointed to the changing trends in terms of placements. While consulting, BFSI (banking, financial services and insurance) and FMCG remained the top recruiting sectors, students also opted for online services, technology firms and emerging sectors.
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