In times of Recession, IIMC PGPEX Graduate bags INR 35 lakh pa job offer

IIM Calcutta’s PGPEX (Post Graduate Programme for Executives) program  seems to have beaten the ongoing recession blues by having an exceptional placements for its 2nd batch in these uncertain times where the highest salary touch a figure of INR 35 lakh  p.a. and average salary at 18 lakh p.a.  

Though overall there has been fall in salary levels compared to last year but given the adverse economic environment in which the batch went into the job market,  it was much better performance as every other school has been struggling to place its students .

This year the PGPEX programme introduced the option of ‘deferred placements’. Using this, graduating students choosing to pursue entrepreneurial ventures were given the flexibility of availing placements services, should they need to, in any one of two subsequent batches of PGPEX programme. Two students availed this and have started ventures of their own.

One student chose not to participate in the programme and reverted to his parent organization.

Therefore, 34 out a batch of 37 students participated and all of whom have been successfully placed. Not only was the entire batch placed, despite very adverse economic circumstances, salaries, in comparison with the previous year, held up remarkably well.

There was a mere 10% drop in average salaries – it was Rs. 18 Lakhs this year, down from Rs. 20 Lakhs last year. The highest domestic salary, however, saw a steeper drop of 22.2% (falling to Rs. 35 Lakhs from Rs. 45 Lakhs last year). The global nature of the downturn got reflected in that there were no foreign placements as compared to 5 last year (See Table 1 below).

IIMC PGPEX Placements

IIMC PGPEX Placements

Even though job offers were fewer than last year they were much more diverse. Last year, about 53% of the jobs on offer were in the IT & ITES sector. This year IT & ITES accounted for only 22% job offers whereas Sales & Marketing accounted for another 22% (See Table 2 below). It is worth keeping in mind that almost 60% of the graduating batch was from IT & ITES sector. 

IIMC PGPEX Placements

IIMC PGPEX Placements

graph2

This suggests that job offerings in PGPEX placements allowed students leverage their past work experience and stay within the same sector or leverage the PGPEX programme to switch out of sectors they were in. The institute is particularly happy with this outcome because this is exactly the sort of flexibility that an MBA propgramme for executives ought to provide graduating students. All things considered, it was a very satisfying placement season for the programme and augurs well both for the incoming batch and the future.

A sample of firms that participated: -

Consulting: McKinsey & Co., Deloitte, IBM Consulting, PwC

IT: TCS, Tech Mahindra

Sales & Marketing: IBM

Telecom: Avaya, Tata Teleservices

General Management: ACC

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7 Comments on “In times of Recession, IIMC PGPEX Graduate bags INR 35 lakh pa job offer”

  • guest wrote on 6 April, 2009, 17:34

    Negatives which writer did not talk directly.
    1. no of offers matching almost the no of students, means IIMC was waiting till late to publish the data as some students could not manage jobs earlier. 2. Except a few, most of the good companies did not participate in recruitment. 3. This batch was recruited during Sep-Nov, when full impact of recession was not felt, 4. No reference of positions / designations, a fact very important for students with more than 10 yrs experience in average.

  • Mayank wrote on 8 April, 2009, 13:18

    At least every year IIMC comes up with figures…………….. others dont???

  • varun wrote on 26 April, 2009, 16:40

    well.. all this has been picked from IIM-C website.. I hope u have all the appropriate permissions/rights to post it here.. :) about the placements, 1) the data is old, 2) the data is not something that you would wanna feel proud about, 3) IIM-C is the finance hub (of all the IIMs), and so I was expecting some better results as compared to other colleges… I hope they do good in 2009 placements :)

  • AK73 wrote on 30 April, 2009, 7:14

    Does one get better than earlier roles even after switching industries/fields.Say from IT to finance, more so when one already has a level like Sr Mgr in the existing industries.

  • nrsingh wrote on 2 May, 2009, 2:00

    oh 35 lac in the recession yrs too… “IIM C is the BEST”

  • Shalini wrote on 7 June, 2009, 22:56

    uhh ahh :) Not bad!!

  • prem ypi wrote on 1 July, 2009, 7:36

    This is great news. I thought placement was bad this year…

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