Bengaluru: Graduates pursuing IIM-Ahmedabad’s one-year MBA programme for executives (PGPX) faced the slowdown pangs this year as the highest salary package offered came down to Rs 54 lakh per annum from more than Rs 1 crore last year.
This was the lowest salary package offered in the last six years.
According to the placement data shared through the Indian Placement Reporting Standards (IPRS) report for IIM-A’s PGPX programme, the maximum earning potential (MEP) offered at Rs 54.8 lakh per annum this year.
The highest-ever MEP of Rs 1.08 crore was recorded last year, while the average highest MEP from 2018 to 2022 was Rs 70.56 lakh. In addition, the median MEP increased from Rs 33 lakh in 2023 to Rs 35 lakh in 2024, the data showed.
Apart from reduction in salary offered, even some students remained unplaced owing to lack of job offers. Out of 147 students, 126 opted for placements, and 121 accepted offers, leaving five unplaced.
This is the second instance since the pandemic year 2020 where five students did not secure their desired offers. Three students pursued entrepreneurship, and two joined their family businesses, data showed.
During this year’s placement season, a total of 105 recruiters participated, with 67 being first-time recruiters.
Among the sectors, consulting was the leading sector with 26 offers, followed by IT consulting with 16, banking and financial services with 13, and both IT solutions and pharmaceutical/healthcare sectors with 12 offers each.
The pharmaceutical/healthcare sector, which had 15 offers in 2021, saw an increase in placements. The energy sector also witnessed growth, with seven placements compared to five last year.
Slowdown in the international economy, especially in the developed economies, also pulled down international placements.
Only two placements happened this year, both in Frankfurt and within the IT sector, which was a decrease from the five and six international placements in 2022 and 2023 respectively, data showed.
Executive programme of IIM is usually pursued by experienced professionals or entrepreneurs as they seek to further strengthen their career.
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