IIM Ahmedabad PGPX 2024 Placements: Highest Salary Falls To Rs 54.8 Lakh From Rs 1 Crore Amid Global Slowdown

IIMA's PGPX 2024 placements saw the highest salary drop to Rs 54.8 lakh amid a global slowdown, while the median salary rose to Rs 35 lakh.

Out of 147 students, 126 opted for placements, with 121 accepting offers.

Source : IIM Ahmedabad

The Indian Institute of Management Ahmedabad (IIMA) successfully concluded the final placement process for its One Year MBA (PGPX) in June 2024. The final audited placement report, aligned with the Indian Placement Reporting Standards (IPRS) and audited by an external agency, was finalized in August 2024. IIMA has been a pioneer in India for releasing audited placement reports since 2011.

This year, PGPX graduates faced challenges due to a global economic slowdown. The highest Maximum Earning Potential (MEP) offered was Rs 54.8 lakh per annum, the lowest in six years, compared to the record Rs 1.08 crore offered last year. The median MEP, however, rose from Rs 33 lakh in 2023 to Rs 35 lakh in 2024. Out of 147 students, 126 opted for placements, with 121 accepting offers, leaving five unplaced.

This is the second time since 2020 that five students remained unplaced. Additionally, three students chose entrepreneurship, and two joined their family businesses. A total of 105 recruiters participated, including 67 first-time recruiters, as detailed in the IPRS report for IIMA’s PGPX program.

Sharing his views on placements 2024, Professor Viswanath Pingali, Chairperson of the Placement Committee said, “The rigorous academic curriculum, innovative pedagogy, and cutting-edge coursework plays a significant role in making IIMA’s One Year MBA (PGPX) a highly sought after programme among experienced professionals and recruiters alike. Despite challenging economic conditions, this year’s One Year MBA (PGPX) placements continue have demonstrated exceptional performance. These statistics clearly illustrate the consistent confidence shown by the industry in our programme.  Additionally, the interest from several new recruiters this year suggests the growing popularity and strong reputation of the programme amongst the recruiters”

Highlights From IIMA PGPX Class Of 2024 Placements

Consulting Dominates Recruitment, Followed by IT, BFSI, and Healthcare
Consulting firms, both in management and technology, emerged as the leading recruiters for the PGPX Class of 2024, hiring 35% of the students. The Information Technology (IT) Services sector followed with 18% of placements, while the BFSI (Banking, Financial Services, and Insurance) and Healthcare sectors recruited 11% and 10% of the students, respectively. (*Percentages are rounded off.)

Leadership and Management Roles in High Demand
IIMA PGPX students continued to be sought after for leadership positions as well as middle and senior management roles by both Indian and international recruiters. The batch saw placements in key roles such as Chief Product Officer, Vice President, Associate Director, Associate Vice President, Leadership Programs, Program Head, Product Head, and Consultant, among others. Women students also secured several of these leadership roles.

While large corporations predominantly considered PGPX students for senior leadership and middle management roles, start-ups—including unicorns and emerging unicorns—also actively recruited this year.