IIM-A comes out with its final placements report for 2012, based on IPRS
In the process that witnessed over 120 companies participating, IBM emerged as top recruiter at the institute, having hired 21 students.
The results revealed a total of 365 students sought employment through the institute this year. In the process that witnessed over 120 companies participating, IBM emerged as the top recruiter at the institute, having hired 21 students.
Among the top consulting firms, The Boston Consulting Group hired 17 students, while McKinsey & Co recruited nine. Accenture hired 14 students, which includes offer made during the Laterals process. Among the global investment banks, the Royal Bank of Scotland hired 11 students for various roles across several international locations.
RBS was the biggest recruiter in this cohort this year. First time recruiter Supermax emerged as the largest recruiter in the FMCG cohort, followed by Procter & Gamble.
A total of 106 offers were accepted by students in the consulting sector, followed by 72 in BFSI, 56 in consumer goods and 51 in IT. A total of 365 offers were accepted this year, of which 325 were jobs based in India, 17 in South-East Asia, 12 in Europe, eight in Rest of Asia and three across the Americas.
According to the report, the minimum domestic salary (basic & additional guaranteed cash component) stood at Rs 6.70 lakh, compared with Rs 7 lakh last year, registering a decline of about 4%.
The maximum domestic salary (basic & additional guaranteed cash component) stood at Rs 37 lakh, compared with Rs 32 lakh last year. The median domestic salary was Rs 13.5 lakh, compared to Rs 12.65 lakh in the previous year. This year’s mean salary is reported at Rs 13.73 lakh, as compared to Rs 13.37 lakh in the previous year.
The institute also gave out figures related to the maximum earning potential, which includes non-cash, long term and performance linked components for candidates placed within the country. It was at 39.81 lakh on the higher side and Rs 7.50 lakh on the lower side.
Similar trend was reported in the minimum international salary (basic & additional guaranteed cash component). While last year, the minimum international salary stood at $50,000, while this year, it is at $40,577. The maximum international salary for this year is at $108,276, while the figure was $104,525 in the previous year.
According to the institute, it is still facing challenges to get data from all the recruiters. Just like last year, this year’s report is also based on data provided by recruiters who were willing to reveal the information. “One of the main barriers to the adoption of the IPRS has been the fear among B-schools that recruiters would not cooperate in sharing auditable data. While we are yet to achieve full compliance from all recruiters, we are happy that so many recruiters have cooperated with us,” Professor Saral Mukherjee, member of the placement committee, IIM-A said.
Credit rating agency CRISIL is the auditor for IPRS, which aims to standardize reporting of placement statistics across B-schools. Along with the data from IIM-A, institutes like S P Jain Institute of Management & Research, Mumbai, Symbiosis Centre for Management and Human Resource Development, Pune and Sahyadri Institute of Management Studies, Pune also announced results based on IPRS.