IIM Ahmedabad Placements 2010
Indian Institute of Management – Ahmedabad (IIM-A) campus was flooded with 110 firms eager to hire its graduates. International firms admitting Goldman Sachs and Deutsche Bank also entered in the campus choice. According to an official, the placement procedure for the graduating batch of the Post Graduate Programme in Management (PGP) at the IIM-Ahmedabad closed Thursday i.e. March 11, 2010. All PGP students have been placed in the firms of their choice. The official also added that despite a recessionary year, a larger batch and a new untested placement process, all students of the batch were placed in the firms of their choice.
Salary
The mean salary for jobs provided in India was Rs 14.94 lakhs, while that for foreign provides was US$ 110,750. To give you a sense of what that means, earning US$ 110,750 in the USA is equal to earning about Rs 18.1 lakh in India (using the principles of The Economist’s Big Mac index and January 2010 prices). All salary figures used for calculations are the Cost-to-company figures and admit averages of the variable bonus components, say the placement report disclaimer.
Company Offers
ICICI Bank 13
Yes Bank 13
Deloitte 10
Boston Consulting Group, McKinsey & Co, ISPAT 8 each
Tata Administrative Services, Feedback Ventures 6 each
Power Grid Corporation of India Limited, P&G 4 each
Sector % of offers
Consulting 29
Finance 27
Marketing 15
Systems and IT 15
General Management 13
Started own ventures 1
Contact Details
Indian Institute of Management
Vastrapur, Ahmedabad 380015
Gujarat
INDIA
Tel: +91-79-66323456 / 26308357
Fax: +91-79-26306896
Website: http://www.iimahd.ernet.in
These rankings are of not much use at all.
The world knows IIT as a much bigger brand name than IIM.
None of the IIM’s feature in the top universities of the world because they dont do any research , they are just operating as placement agencies for Indian graduates.
DMS,IIT Delhi on the other hand has generated max. no of Ph.D’s in Management studies in India, thats why DMS faculty has a global orientation as compared to IIM’s where only case studies are taught.
Thus because of the poor performance of IIM’s globally, international associations/univ’s forced Govt. of India to prevent IIM’s from getting the Univ. status.
You may find it hard to believe but the IIM’s cant offer any UG program, neither do they offer a formal MBA or Ph.D degree.
They only offer Post Graduate Diploma in Mgmnt (PGDM) and FPM (Fellow program Management )courses which are not recognised anywhere in the world.
While IIT’s offer MBA and Ph.D programs.
Even IIT’s dont recognise the the IIM education, For eg. Not a single faculty of DMS, IIT Delhi has got a FPM from IIM. However Ph.D students of DMS, IIT Delhi are getting top jobs in all IIM’s. You can check their websites for details.
Also regd MBA education, a student pays Rs 2 lakhs fees in IIT Delhi and gets a return of Rs 12.00 lpa package while in IIM ’s u pay Rs 10 lakhs fees to just get slightly better pay of Rs 14 lpa. Decide yourself what is better?
Obviously IIT’s which make their students prepared for life not IIM which just believe in wasteful branding.
As for placements of IIM’s , they are all fake
for eg :- For IIM -A The avge placement package is Rs 14 lakhs .p.a. which includes international offers(of Rs 1 crore) also.
None of the domestic offer’s are more than 20 lakhs p.a.
Pls note :- As for international offer’s , this 1 crore package is actually Rs 200,000 US$ only which includes 50% variable component and bonus which is never given to the individual.
Thus we are left with Rs 100,000 US $ only out which 30% is tax, and so we are just left with remaining 70,000 US$ which in expensive cities like New York, London, Montreal is very less.
The standard of living which these IIM Post Grads can maintain is deplorable because they can only afford a 1 bedroom apartment that too on a shared basis.
Every software Engineer of TCS/Infosys w/o any MBA degree earns much more than that
i.,e 65,000 US$ p.a. + free accomodation/transportation.
So its all about branding which leads to confuse the innocent people.
But still IIM’s still rule the rankings in India, because of the branding…thats what is missing in IIT’s
and thats what I am planning to do.
I hope this email helps you boost your confidence as you prepare yourself to shift to the corporate world soon.
So you can imagine MBA is all about ‘Tashan:-i.e show biz and branding’
IIT and IIM will recognized IB syllabus, kindly provide the full information, my daughter now studying in 6th standard in matriculation syllabus we planning for her future higher studies wither IIT or IIM, now we planning to change the other school, we need to choose whether CBSE or ICSCE or IB.
Which syllabus is good, Kindly send your valuable suggestion.
Warm Regards,
Sakthivel