IIM-C's PGPEX batch average salary falls by 11%

Placements for IIM-Calcutta’s 2nd Post Graduate Programme for Executives (PGPEX) saw the entire batch getting placed.

This year, the PGPEX programme introduced the option of ‘deferred placements’, so that students interested in pursuing entrepreneurial ventures could avail of the flexibility of placements services, should they need to, in any one of the two subsequent batches of the PGPEX programme. Two students availed of the deferred-placement-policy and have started ventures of their own. One student chose not to participate in the programme and reverted to his parent’s organisation.

Therefore, 34 out of a batch of 37 students participated and all of whom have been successfully placed.

However, there was a 11 per cent drop in average salaries — Rs 18 lakh this year, down from Rs 20 lakh last year. The highest domestic salary, however, saw a steeper drop — falling to Rs 35 lakh from Rs 45 lakh last year.

Last year, about 53 per cent of the jobs on offer were in the IT and ITeS sector. This year, IT and ITeS accounted for only 22 per cent job offers, while sales and marketing accounted for another 22 per cent.

Almost 60 per cent of the graduating batch was from IT & ITeS sector. This suggests that job offerings in PGPEX placements allowed students to leverage their past work experience and stay within the same sector or leverage the PGPEX programme to switch out of sectors they were in.

IIM-C started its 3rd PGPEX batch this year with 53 students whose average GMAT score is 719.

The students have close to 10 years of work experience on an average. As many as 28 students are from IT/ITeS sector.