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Indian Institute of Management, Ahmedabad
PGPX Placements 2007

The PGPX (1 year full time residential Post Graduate Programme for executives) is a special programme that is unique in the following respects

  • it requires that all participants are above 27 years of age with substantial years of work experience
  • it is mandatory for all participants to spend time outside the country on international immersion
  • it requires all participants to be grounded in areas pertinent to senior and top management like corporate governance, tracking organizational performance, mergers and acquisitions, etc.

With accelerated economic growth and new opportunities emerging in the last five years, many are now choosing to work immediately after their bachelor’s degree and, after having worked for several years, they feel the need for a professional management qualification to either accelerate their career growth or shift to a different vertical at a higher level.  PGPX has been designed and launched by IIMA to meet this need.

PGPX is a full time residential programme specially designed for those who have a sufficient amount of managerial experience to make them a “truly experienced masters” class.  The entering batch of 2006 (which is the first graduating PGPX batch of 2007) had a profile as follows

  • average age 32 (range 27-43)
  • average GMAT 699 (range 650 – 780), which places the PGPX batch amongst the best one year MBA programmes in the world.  For instance, INSEAD has 707 average GMAT while Harvard has an average GMAT of 690.
  • average experience of 9 years

Placements for the pioneering first PGPX batch are now complete.  IIMA is proud to announce that it has achieved 100% placements for all available participants of the first batch well before their graduation.  Of the 60 participants in the batch, 58 took placements.  135 offers were made to candidates in the first batch with roles varying from Chief Operating Officer and Chief Financial Officer to Group Engagement Manager to Corporate Strategy Officer to Vice President (Sales and Marketing) to Senior Associate to Senior Analyst to Operations Manager. 

The heartening part of the process is that the market is also signaling that it recognizes that the PGPX is a different programme with recruits coming in at a different level (middle and senior management roles).  Jobs were accepted companies that are in consulting, manufacturing, corporate banking, retailing, IT, telecommunications, chemical process industry, investment banking, private equity, and energy sectors.  Companies that recruited from the PGPX programme include AD Little, Booz Allen Hamilton, Citibank IBD, Cognizant, Computer Associates, Covansys, Cypress, Delta Lloyd, Fire Capital, Genpact, ICICI Bank, ICRA, IMACS, Infosys BPO, Infotech, JM Morgan Stanley, Kotak PE, KPIT, NISG, McKinsey, Microsoft, MindTree Consulting, Nexus,  Olam International, PwC, Paramount Airways, RPG, Reliance Energy, Reliance Communications, Reliance Industries, Tech Mahindra, Thermax, Syntel, Yes Bank, VSNL and WNS. 

With the success of the PGPX programme, IIMA now has a “full menu” of products for recruiters – entry level hires – bright young people with little or no experience and experienced hires at the middle and senior management levels. 

PGPX Pioneers – Placement Statistics

March 2007


Key Facts

  • A total of 135 offers were made to 58 participants during the placement process
  • 54 Companies participated in the Placement process
  • Maximum International Salary - $250,000
  • Maximum Indian Salary – Rs. 60,00,000

 Average Salary*

Average Domestic Salary Offered

Rs. 24.65 Lacs

Average Overseas salary Offered

US $ 135,000

Minimum Domestic Salary Offered

Rs. 15 Lacs

Minimum Overseas Salary Offered

US $ 70,000

No of Participants placed :

Indian Placements

42

Overseas Placements

14

Total

56*

*Final salaries for two candidates are under negotiation
Break-up by Industry

Sector

 

Consulting

19%

Finance

15%

Telecommunication

13%

ITES

  6%

Retail

  4%

Information Technology

34%

Energy

  9%

Percentage Increase in Salaries

Overall

Overseas

Domestic

Incoming

US $ 75,713

Rs.917,616

Outgoing

US $ 135,507

Rs.24,65,257

Percentage Increase

79%

168%

 
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