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The domestic average intake of an IIM graduate has seen a rise this year despite the market being affected by an economic slowdown. An analysis of the placement report of IIMA has revealed interesting insights into the placement trends of the top Indian B-schools.
Placements were conducted at the Indian Institutes of Management (IIMs) across the country in the month of February. The institutes have released the placement data and it shows the trend of rising salaries of graduates of the top B-Schools in India has continued this year despite the economic slowdown plaguing India's markets and slowing down growth in corporate earnings.
The placement data of IIM Ahmedabad shows that this year's session has been a great success and management graduates who have participated in the placements at IIM-A have received better salaries, on an average, than the previous batch. The placement report of IIM-A was audited by an independent agency and the data revealed has shown positive trends in domestic placements. International placements, however, are much more irregular.
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IIM Domestic Placement Trends
Comparing the 2020 placement report of IIM-A to the previous years' data shows promising trends.
The number of placements in 2019 was 375 with the median salary package being Rs. 24 LPA. This is a nearly 50% growth over Rs. 15.15 LPA median salary reported in 2011 when the number of placements was 260.
The gap between minimum and maximum salaries has also increased considerably, from being Rs. 29 LPA in 2011 to Rs. 55 LPA in 2019.\
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IIM International Placement Trends
The international placement data from IIM-A, however, has revealed a much different tale.
While 40 students gained international placement in 2012, the number of international placements in 2019 was just 13.
The median salary for international placements during this period showed major fluctuations, with the maximum international salary, close to Rs. 200 LPA, being awarded in 2014 and the minimum going close to Rs. 100 LPA in 2018.
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The major impact of the economic slowdown that is being seen in the placements of these top B-Schools in India is in the sector of companies that are making job offers to the students. While earlier, FMCG (Fast-Moving Consumer Goods) companies such as ITC, Unilever etc. were the top recruiters in these placements, current trends have seen a shift. Consulting firms have become the top recruiters at IIMs, as well as at other top management colleges in India, and companies such as Boston Consulting Group (BCG), Accenture, McKinsey & Co etc. have not only made the most but also the highest job offers at IIM placements.
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