IIMA PGPX placements 2010: IT largest recruiter, eight start own ventures

IIM Ahmedabad today released the placements statistics for its one-year PGP Executive batch that graduated in 2010. “Of the 66 students seeking placements 64 have been successfully placed. The average salary for the batch was Rs. 26.1 lakhs an increase of 29.5% over the previous years average. Students who participated in the placement process received 1.77 offers per person,” said an official statement released by the institute.

Which ostensibly means that about 117 jobs were offered to 66 students. Eight were slated to start their own entrepreneurial ventures while six opted out of placements, added the note. Two students were yet to receive jobs. “The two students remaining to be placed from the 2010 batch have niche skills and location constraints and have rejected one offer each as they are looking for well targeted positions in specific industries. The institute continues to provide full support in their career search efforts by facilitating interaction with firms that express interest,” said the statement.

Most PGPX graduates have joined project management, business development and consulting functions. The batch had an average work experience of 10 years with 80% of the batch having spent an average of 5 years working abroad. Apart from the traditional consulting and general management roles, students were offered CEO, Executive Director, Senior Vice President. Vice President, General Manager and Practice Partner positions.

Functional breakup PGPX 2009-10 (current batch) PGPX 2008-09 (previous batch)
Business development 13% 22%
Consulting 19% 24%
Finance 3%
General management 9% 29%
Operations 14% 11%
Product management 5%
Project management 25% 5%
Sales 9%
Strategy and planning 3% 7%
Human resource 2%

More than half of the batch joined IT and ITES companies. It is interesting to note that both the Functional Breakup and Industry Breakup trends have completely changed between the previous year and this year.

Industry breakup PGPX 2009-10 PGPX 2008-09
Conglomerates 3% 13%
Financial services 8% 7%
Infrastructure 5% 11%
IT and ITES 58% 29%
Management consulting 19% 20%
Manufacturing 5%
Media 1% 5%
Pharma 1% 0%
Healthcare 4%
Telecom / Hi-tech 11%

Recruiters included McKinsey, Goldman Sachs, Axis Bank, Google, Amazon, TCS, IBM, Wipro, Mahindra Satyam, HCL, Infosys BPO, Polaris, Aricent, VBHDC, NISG, Genpact, Hero Honda, Mahindra and Mahindra, RIL, Tesco, RPG, Bennet Coleman, MARG and Zensar.

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