Average annual salary for IIM-A

Getting into the Indian Institute of Management,Ahmedabad has always been a kind of guarantee to secure a lucrative job.

Getting into the Indian Institute of Management,Ahmedabad (IIM-A) has always been a kind of guarantee to secure a lucrative job. But the trend has seen some changes this year,with some students still waiting for job offers,while the average annual salary has gone down.

Five students out of 70,seeking placements in the third batch of the Post Graduate Programme in Management for Executives (PGPX) one-year full time MBA programme are yet to be recruited,according to an official communiqué.

Those who were lucky enough to secure placements have seen a drop in the average annual salary offered,for domestic from Rs 26.81 lakh last year to Rs 20.16 lakh,and for international from USD 145,000 in 2007-08 to USD 122,000 this year.

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IIMA further informed that out of the seven PGPX students,who have opted out of the placement process,four have launched their own entrepreneurial ventures in sectors of clean energy,manufacturing and services.

In all,two students got overseas postings,while 63 got domestic placements. The sectoral break-up indicates that IT/ITES recruited 29 per cent students followed by Management Consulting (20 per cent),Conglomerates/ Manufacturing/ Logistics/Operations (13 per cent),Energy and Telecommunication (11 per cent),Finance (7 per cent),Healthcare (4 per cent) and others,including Media/Education only 5 per cent.

Interestingly,while the sunrise sectors of retail and real estate recruited about 9 per cent of the PGPX batch last year,they were totally absent from this years recruitment process.

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