IIM Ahmedabad Placement 2019: Highest Salary at Rs.70 LPA; Average Salary up at Rs.25.83 LPA; Audited Report Released

Thursday, October 31 2019
IIM Ahmedabad Placement 2019
The Audited figures of IIM Ahmedabad Placement 2019 reflect substantial hike in Average domestic Salary going up at Rs.25.83 LPA from Rs. 24.45 LPA last year. The recently released IPRS Standard Audited Placement 2019 Report of IIM-A shares that the PGP 2017-19 student has grabbed a highest domestic salary of Rs. 70LPA in Placement 2019 while the highest international offer has gone up at Rs.83.51 LPA as against Rs.66 LPA last year

The much awaited IIM Ahmedabad Placement 2019 audited compensation details have been released now. The audited placement data 2019 reveal that PGP 2017-19 batch average salary has gone up remarkably at Rs.25.83 LPA as against Rs.24.45 LPA last year whilce the highest domestic salary has gone down at Rs.70 LPA this year from rs.72 LPA last year. The highest international offer has also gone up at Rs.83.51 LPA as against Rs. 66 Lakhs last year. 

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   Although, IIM Ahmedabad had completed its Final Placement Process 2019 for PGP 2017-19 batch in three days with all the three clusters in placement process getting over February 14, 2019 with 12 cohorts, it is the policy of IIM Ahmedabad to release the placement statistics after IPRS Audit in the month of October. Top Recruiters from multiple domains participated across the 3 clusters in the Final Placements. IIM Ahmedabad placement 2019 progressed leaps and bounds in all the three clusters. The first and second clusters of the IIM Ahmedabad Final Placement 2019 for the PGP 2017-19 batch were held on February 8 and 11, 2019 respectively and the third and final cluster was held on February 14, 2019.

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Till last year, the maximum compensation package in IIM Ahmedabad International placements were  going down, despite the fact that value of US Dollar has been rising against the declining value of Indian Rupee. In contrast, the Audited figures of IIM Ahmedabad Placement 2019 reflect substantial hike in Average compensation packages both for the domestic and international placements 2019.

IIM Ahmedabad Placement 2019: Key Highlights

  • Highest Domestic Package - Rs.70 Lakhs
  • Average Domestic Package up at Rs.25.83 lakhs
  • Highest International Package up at US$117,631 (Eqv. Rs.83.51 LPA) from US$ 99172 last year
  • Average International Package up at US$80,050 (Eqv. Rs.56.84 LPA) from US$73013 last year
  • Difference between Highest and Average Salary narrows down
  • Number of PPOs Offered – 157
  • Number of PPOs Accepted - 131
  • Total Students participated in IIMA Placement 2019: 388
  • Students who did not seek placement at IIMA: 10
  • Total Students accepting Placement offers: 388
  • Students embarking on Entrepreneurship Ventures: 2 (Out of 10)
  • Students who sought placement outside campus: 8 (Out of 10)
  • Number of Recruiters: 123
  • Number of Different Role Profiles Offered: 184

Ups & Downs in IIM-A Placements
The facts and figures shared in the IPRS standard Audited Final Placement 2019 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 2019.  

Domestic Placement 2019 Analysis: Highest and Average Salary
At the domestic placement front, IIM Ahmedabad has recorded substantial hike in average salary while the maximum salary has gone down. IIM Ahmedabad has gained by Rs.1.38 LPA in Average Salary and lost Rs.2 lakhs per annum in highest placements in 2019. Comparative analysis of last four years’ trends will bring home the facts:

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

International Placement: Average Salary Up, Highest Down
International Placement 2019 has a surprising trend. Not only the average compensation has gone up, the maximum salary package has also gone up. During the last three years the maximum compensation packages in International Placements were going down but the trend in Placement 2019 is reversed now.  

Following are the major trends in IIM Ahmedabad placement packages 2018

Salary component
Placement 2019 (Rs.in Lakhs & in USD)
Placement 2018 (Rs.in lakhs & in USD)
Placement 2017 (Rs.in lakhs & in USD)
Maximum Salary
Rs.83.51 lakhs
($117,631)
 Rs.66.45 lakhs)
($99,172)
Rs.85.27 lakhs   ($127,275)
Average salary
Rs.56.84 lakhs
($80,050)
Rs.48.92 lakhs
($73,013)
Rs.45.62 lakhs
($ 68,104)
Median salary
Rs.56.57 lakhs
($79,672)
Rs.46.78 lakhs
($69,823)
Rs.43.78 lakhs
($ 65,351)
Minimum salary
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. The maximum salary which saw a spurt in placement 2017 has come down in subsequent Placements 2018. The Highest salary which went down last year has again gone up in Placement 2019.

Top Recruiters
About 123 firms participated with 184 different roles in the placement process in 2019. Firms which made the most offers on campus included Accenture, The Boston Consulting Group and PwC. Accenture made the most offers at the end of the final placement process with 23 offers, followed by BCG with 17 and PwC with 14 offers. Among global banks, JP Morgan and HSBC were the largest recruiters, having picked 5 8, 4 students respectively. In the sales and marketing domain, AB InBev extended the maximum 7 offers followed by HUL with 4 offers. With 7 offers, ABG was the largest recruiter in the General Management cohort. Microsoft extended 8 offers, the highest in the Enterprise Tech cohort. In BFSI, FinIQ extended the maximum number of 11 offers.

The Banking, Financial Services 8, Insurance recruiters included firrns like American Express, Bajaj Finserv, FinIQ and HSBC. Sales and marketing roles were offered by regular recruiters like HUL, Nestle, P&G, Reckitt Benckiser and Wipro Consumer Care among others. The General Management cohort saw participation from Aditya Bids Group, C.K. Bids and Tata Administrative Services among others. The Consurner Services cohort saw participation from firms like Etihad and IndiGo. The Enterprise Tech and Consumer Tech cohorts saw participation from firms like Magicpin, Microsoft and 0Y0 Rooms among others.

IIM Ahmedabad Placement Process
IIM Ahmedabad completed its Final Placement Process 2019 for PGP 2017-19 batch in three clusters and three days. The third and final cluster placement at IIM Ahmedabad had concluded on February 14, 2019 with 12 cohorts. Top Recruiters from multiple domains participated across the 3 clusters in the Final Placements. IIM Ahmedabad placement 2019 progressed leaps and bounds in all the three clusters. The first and second clusters of the IIM Ahmedabad Final Placement 2019 for the PGP 2017-19 batch were held on February 8 and 11, 2019 respectively and the third and final cluster was held on February 14, 2019.

Top Recruiters in cluster three were in the Consumer Tech cohort. They included firms like Microsoft, Ola, Paytm and Uber. Paytm extended the highest number of 10 offers in this cluster (including pre-placement offers). The cluster cohort process in IIM Ahmedabad Placement reinforces the candidate-recruiter fit that the Cluster-Cohort system offers.

Top recruiters in cluster two included the CK Birla Group making the highest number of 10 offers (including pre-placement offers), closely followed by the Aditya Birla Group, Flipkart & Samsung with 9 offers each.

Placement 2019: 3rd Cluster
IIM Ahmedabad conducted Cluster 3 of the Final Placement Process for the PGP Class of 2019 on February 14, 2019. The third cluster comprised 12 cohorts, which included BFSI, Consumer Tech, Core Manufacturing & Infrastructure, Education & Tech, Enterprise Tech, Food & Dairy, Govt. Enterprises, IT Consulting, Pharma & Healthcare, Renewable Energy & GreenTech, Social Enterprises & NGO, and Textiles.

Top Recruiters in General Management & Leadership
The General Management and Leadership cohort comprised recruiters such as the Aditya Birla Group, CK Birla Group, Emaar, Mahindra, Reliance, RPG and Tata Administrative Services

Top Recruiters in Retail B2B
The Retail B2B & B2C cohort consisted of firms like Amazon, Flipkart and Myntra among others.

Having always had a healthy mix of diverse cohorts, a variety of roles were offered to IIM Ahmedabad students during Cluster 2. General Management firms, offering leadership roles in Conglomerates across geographies, closely followed by Consumer Goods firms, extended the highest number of offers (including pre-placement offers). This is a reaffirmation of the quality of the program at IIMA.

PGP-FABM Placement 2019
Alongwith the PGP Placement data, IIM Ahmedabad has released the audited placement report for PGP FABM 2017-19 batch with salary details.

Closely following the PGP Placement 2019, IIM Ahmedabad conducted the Final Placement Process for the PGP–FABM (Post-Graduate Programme in Food and Agribusiness Management) for the batch of 2017-19 on February 11, 2019. The Placement 2019 witnessed opportunities in a diverse set of industries within the food, agribusiness and allied sectors.

PGP – FABM 2019 Placement: Highlights

  • Highest Salary Offered: Rs.27,00,000 Per Annum
  • Average Salary for the Batch: Rs.15,90,729 Per Annum
  • Total Eligible Students for Placement: 45
  • Number of students who sought placement: 43
  • Number of recruiters: 27
  • Total Offers extended: 51
  • Top Recruiters: Godrej Agrovet, PI Industries, Jain Irrigation, Pioneering Ventures, Ninjacart, Waycool

Social Sector
One student from the batch opted to work for a nonprofit foundation for a conglomerate. This shows the inclination of students to work in the social and development sector.

IIM-A FABM Placement 2019: Top Recruiters
A total of 27 firms took part in the process from varying sectors like FMCG, Agri Inputs and Services, Food Processing and Supply Chain, Food and Agribusiness PE-VC, Food and Agri Consulting, Agri Cornmodity Trading, e-commerce, and retail.

Total of 51 offers were extended to the students. Firms such as Godrej Agrovet, PI Industries, Jain Irrigation, Pioneering Ventures, Ninjacart and Waycool extencied 3 offers each. The process welcomed first time-recruiters like Ernst and Young (EY), RBL Bank, and Reliance Foundation. Regular recruiters like ADM, Pioneering Ventures, Reckitt Benckiser, Cloudtail, and General Mills reaffirmed their confidence in the Program and Placement process by extending multiple offers.

First Time Recruiters
The batch attracted a diverse pool of recruiters, ranging from MNCs as well as upcoming start-up firms in the agri-business domain like Agrostar, Gramophone and Our Foods.

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.

IPRS Initiative 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