Finance,consulting most sought after sectors

The premier b-school had roped in CRISIL for the audit,and remains the sole institute to release audited placement reports although 21 management institutes have voluntarily adopted the IPRS.

The audited placement report is divided into three sections as per the b-school’s programmes — Post Graduate Programme in Management (PGP),Post Graduate Program in Agribusiness Management (PGP-ABM) and the Post graduate Programme in Management for Executives (PGPX).

According to the report,305 students from PGP sought placement through the institute out of which 304 had accepted offers from the 120-plus recruiters who had taken part in placements while one had not accepted any offer as on June 26,roughly four months after the placements process started. Nine students preferred to look for jobs themselves.

Finance and consulting were the most sought after sectors,with 94 and 93 offers respectively being accepted by the students. Real estate and pharmaceuticals/ healthcare were the least preferred,with only 3 and 2 students respectively taking up offers from there.

Out of these 304 offers,260 were for posts within the country. South-East Asia came second with 14,while Europe third with eight. Surprisingly,there were only two postings in the American continent. Of the postings in India,98 were in Mumbai,and 50 in the National Capital Region (NCR) while the rest were elsewhere.

For the domestic offers,the maximum salary (in terms of basic and guaranteed components) offered was Rs 32 lakh,minimum was Rs 7 lakh and mean was Rs 13.37 lakh. Calculated in terms of maximum earning potential,the maximum was Rs 37 lakh,minimum was Rs 8 lakh and mean was Rs 16.36 lakh.

Sector-wise,finance firms paid the highest mean at Rs 18.04 lakh in terms of total guaranteed cash component.

For international offers,the maximum salary offered was $ 1,04,525,minimum was $ 50,000 and mean

was $ 73,843. Calculated

in terms of maximum earning potential,the maximum was $ 1,35,643,minimum was $ 60,500 and mean was $ 85,190.

‘IPRS helps bring transparency’

Among the 22 b-schools which have accepted the institute that stands for transparency will accept IPRS,there are only two IIMs — Ahmedabad and Shillong. Asked about why other IIMs and many other b-schools had not adopted the standards,IIM-A Professor Samir Barua said,“Any institute that stands for transparency will accept IPRS.”

He added that the biggest beneficiaries will be the MBA aspirants,who would eventually see recruiters and b-schools who refuse to adopt IPRS as non-transparent.

As for analysis of the IIM-A’s 2011 placements,Prof Barua said it’s not that MNCs are hiring any less than previous years but “it’s just that these MNCs are posting recruits at their newly set up centres in India”.