IIM-Ahmedabad Placements 2024: 121 students accept offers, top salary falls amid global slowdown

The Indian Institute of Management (IIM) Ahmedabad has completed the placement process for its One-Year MBA (PGPX) by the end of June 2024. Around 121 students from IIMA’s PGPX class accepted offers from as many as 105 companies across various sectors.

He IMAGES PGPX is one of the first management institutes in India to come out with an audited placement report since 2011, it said. The institute added that placements continued to have a good mix of new and returning recruiters, indicating a strong demand for the PGPX programme and its diversity.

The largest hiring sector is consulting (management and technology), followed by IT services, BFSI and healthcare. Consulting (management and technology) firms hired 35% of the students, according to the placement report. International Monetary Institute Ahmedabad. Approximately 18%, 11% and 10% of the students were hired in the information technology (IT), BFSI and healthcare sectors respectively.

The global economic downturn presented challenges for PGPX graduates this year. Compared to the record 1.08 crore offered last year, the highest Maximum Earning Potential (MEP) offered was 54.8 lakh per annum, the lowest in six years.

However, the average MEP increased from33 lakh in 2023 35 lakh by 2024. Furthermore, 126 out of 147 students chose to get placed and 121 accepted the offers, leaving five unplaced.

Sharing his views on the placements, Professor Viswanath Pingali, Chairman, Placement Committee, said that this year, One-Year MBA (PGPX) placements continue to show remarkable performance. “Despite the challenging economic conditions, this year’s One-Year MBA (PGPX) placements continue to demonstrate exceptional performance. These statistics clearly illustrate the consistent confidence shown by the industry in our programme,” he said.

Students continue to be preferred for leadership roles and middle and senior management positions by both Indian and international recruiters. Students were hired for key positions including Chief Product Officer, Vice President, Associate Director, Associate Vice President, Leadership Programs, Program Head, Product Head, and Consultant, among others.

Large corporations considered that IMAGES PGPX students for senior leadership and middle management positions, along with these startups, both unicorns and future unicorns, also recruited students this year.

The final audited placement report was audited by an external agency, was finalized in August 2024 and was aligned with the “Indian Placement Reporting Standards”.

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