IIMA PGPX Placements 2009 hits air pocket, 93% of batch placed in 5 months

Monday, June 1, 2009, 22:27
IIMs, In Focus
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iima-pgpx1 Placements at various IIMS in their executive program remained subdued due to ongoing economic downturn. In this unprecedented and sudden economic downturn, IIMA has almost concluded its Placement for class of 2009 with a success rate of 93%.

IIMA despite its strong alumni base, numero uno position of its brand, struggled for 5 months to place a batch of 77 students with a 93% success rate tell a lot about challenges faced by MBA program in turbulent times.

For the first time in the history of IIMs in India, IIMA has become first IIM to announce a placement figure which is not 100% and must be commended for the courage for accepting a non 100% figure. In India, MBA especially at IIMs has become synonymous with a 100% figure and thus create an environment which makes MBA aspirants taking much bigger risk than anticipated as 100% placement is not a reality anywhere in the world including India and poses considerable challenges.

Executive MBA Placements have faced strong head winds this year (read CoolAvenues survey report : Executive MBA : in Middle of no-where) and only a handful of them have reported their placement statistics. ISB, Hyderabad, with batch strength of 442 students (biggest in India) is yet to conclude its placement process, though new batch of 540 students is already at campus.

At IIM, Ahmedabad, its third batch of PGPX (2008-09) programme placement season started in January for 70 students who opted for placements. 4 students of the class decided to start their own venture in a variety of fields such as manufacturing, services and clean energy. The average salary offered at campus was INR 20.16 lakh while fee of this one year programme in INR 17.5 lakh.

Placements 2009, despite a overall economic downturn saw recruiters from MNCs, SMEs and Start-up sectors showing a great deal of interest in PGPX batch profiles including several first-time recruiters who have offered good positions. Students have taken up jobs and designations that align with their career choices while accepting roles they were offered. Students joined reputed firms with senior roles like GM, VP, AVP, CEO, COO, Head of IT etc. 5 students who are yet to be placed have niche skills and are looking for positions in specific sectors of their choice.

Companies that participated in PGPX placements include Aditya Birla Group, Arthur D Little Inc, AES Ltd., Arshiya International, Adani Group, Alcatel Lucent, Amazon, Big FM, Booz & Co., Cinepolis, Corporate Executive Board, Copal Partners, Deloitte, Directi, Dorf Ketal Chemicals Pvt. Ltd., Deutsche Bank, E-infochips, Eli Lilly, Elecon, Emergent Ventures, Ericsson, Fin IQ, Geometric, Google, Hero Honda, Intas, i-Runway, IBM India Pvt. Ltd., ICRA, Infosys, Infrasoft Technologies, IRL Research Pvt. Ltd., John Deere, KPIT Cummins, Marg Group, Mastek Ltd., McKinsey & Company, Media Contacts, Microsoft, NISG, NMCE, Nokia Siemens Network, Prime Focus, Polaris Software Lab Ltd., PRTM Management Consultants, RPG, Sankhya Infotech, Siemens Information Systems Ltd., Sundaram BNP, Teach for India, Tech Mahindra, VBHDC India Pvt. Ltd., Wipro.

Key Facts

Average Domestic Salary Offered	INR 20,16,000
Average Overseas salary Offered	USD 122,000

No. of Domestic Placements	63
No. of Overseas Placements	2
In Process *	5
Entrepreneur Ventures	4
Did not seek placement	3
TOTAL	77

* As of May 31st, 2009

Break-up by Industry

Sector	%
Consulting (Non-IT)	20
Finance	7
Telecommunication	11
IT & ITES	21
Conglomerates	13
Energy/Infra	11
Healthcare	4
Others	5

Functional Break-up

Function	%
General Management	29
Sales / Business Development	22
Operations	11
Strategy & Planning	7
Consulting	24
HR	2
Project Management	5

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Tags: Executive MBA, IIMA, MBA, PGPX, Placement 2009

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10 Comments on “IIMA PGPX Placements 2009 hits air pocket, 93% of batch placed in 5 months”

krik wrote on 3 June, 2009, 5:15
Absolute fake report . I have been in touch with a PGPX alum of 2009…….This is a fully fabricated report about placements. Not even 20 got placed from a batch of 77.
iluvgals wrote on 3 June, 2009, 17:53
Can someone please shed a light on the Truth. The comments above are exactly opposite to IIM-A report. Thanks.
Prabhat wrote on 4 June, 2009, 21:57
Krik,
Either you are smoking or that alum friend of yours smoking or may be, both of you. IIMA claims that they placed 65 and you claim that they placed 20. Do you see the huge chasm between? How can an official report be so off the mark? Use your wisdom..
Arvind wrote on 5 June, 2009, 4:44
He’s actually a ISBian bad mouthing IIM A
sant wrote on 12 June, 2009, 16:10
whats… the truth guys ?
Prabhat wrote on 15 June, 2009, 5:12
Okay. So, I met with one PGPX alum of 2009 batch (not the one with whom Krik has been in touch) and he mentioned that this report is correct. Part of the reason IIMA waited for this long was in the hope that they would be able to place everyone. However, since it has not happened, they decided to publish the report as-is. In my view, this is actually a courageous step. I have not seen any IIM coming up with a report like this. In fact, IIMC waited for full 5 months to come up with their report of 100% placement. It is anybody’s guess that what were they doing for these 5 months. IIMA came up with this report within 2 months….
erick wrote on 11 September, 2009, 1:02
Be that as it may (even with 93% placed) the average salaries are pathetic. It might be useful to see a range as well, because if people are getting 135,000 USD per annum after an executive MBA then they might as well be working in Bangladesh. None of the exec MBAs in the world have this sorry stat.
abhnav wrote on 14 September, 2009, 2:22
i dont know exactly but i can say that this report is not fully coorect
Richdad wrote on 20 September, 2009, 15:02
I would say the placement is quite OK if we see how hard hitting the recession was and most candidates will get placement eventually as they do have 7-8 years average work ex. Also 2010 batch will be working hard and as recession is now over to a huge extent, the placement would be definitely better
Richdad wrote on 20 September, 2009, 15:02
I would say the placement is quite OK if we see how hard hitting the recession was and most candidates will get placement eventually as they do have 7-8 years average work ex. Also 2010 batch will be working hard and as recession is now over to a huge extent, the placement would be definitely better.