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IIMA PGP Placement Trends and Salary (2021)

IIMA PGP placements are organized in two stages. The first stage places candidates back to their employer in mid-level managerial positions. The second stage opens profile-specific opportunities in Consulting, Technology, General Management, Marketing, and Finance.

In this in-depth analysis of the IIMA PGP Employment trends and Salary for the 2021 Graduating Class, we cover:

IIMA PGP Salary by Industry (2021)
IIMA PGP Salary by Function (2021)
IIMA PGP Placement & Salary by Location (2021)
IIMA PGP Top Employers (2021)

IIMA PGP Salary by Industry (2021)

45% of the IIMA PGP Class (374) sought employment back to the employers through the lateral placement process (first stage) that covered Technology, Consulting, Financial Services, E-Commerce/Online Services, and Pharma industries. Among the leading recruiters taking back candidates to mid-level managerial positions were Deloitte, Microsoft, Infoedge, Oracle, Paytm, and Unacademy.

Industry Percent Hired Median Base Salary (INR) Guaranteed Bonus/Cash Total Median Salary
Consulting 44 2373800 200000 2573800
Finance/Banking 16 2250000 220000 2470000
Engineering 4 1925000 500000 2425000
Information Technology 9 2047000 200000 2247000
FMCG 9 2030300 300000 2330300
Online Services/E-Commerce 5 1950000 500000 2450000
Consumer Services 3 1818182 200000 2018182

Consulting lead in IIMA PGP placements for the 2021 graduating class attracting 44% of all offers with a total median salary of INR 25,73,800. A close second in remuneration was Finance/Banking (16%), which attracted a total salary of INR 24,70,000. Engineering, although in the lower percentile among industries for median base salary, compensated with a record INR 5 lac guaranteed cash payment, taking the total ahead of Information Technology to INR 24,25,000. The lowest total salary was in Consumer Services at INR 20,18,182.
 

 

Industry Min Salary (INR) Max Salary (INR)
Consulting 16,00,000 40,00,000
Finance/Banking 12,16,412 42,00,000
Engineering 9,00,000 22,00,000
Information Technology 13,58,914 25,00,000
FMCG 13,61,962 23,13,556
Online Services/E-Commerce 18,00,000 22,00,000
Consumer Services 15,50,000 30,00,000

Finance earned the title of the best maximum salary for IIMA PGP – INR 42,00,000 for 2021. Consulting was second at INR 40 lacs. Consumer Services with 3% of the offers crossed the 30 lacs threshold. For the rest of the industries, the maximum salary range was between Rs 22 lacs and 25 lacs for 2021, while the minimum ranged from Rs. 9,00,000 (Engineering) to Rs. 18,00,000 (Online Service/E-Commerce).

The one-time cash payment or bonus was a bigger incentive for E-Commerce/Online services and Engineering with offers that had an impressive Rs 5,00,00 one time cash payment while all the other industries had a 2,00,000 to 3,00,000 payment range.  

Function Percent Hired Median Base Salary (INR) Guaranteed Bonus/Cash Total Median Salary
Consulting 48 2373800 200000 2573800
Finance 15 2250000 200000 2450000
Marketing/Sales 10 1950000 300000 2250000
Product/Category Management 7 1980000 434289 2414289
General Management 5 1870000 100000 1970000
Business Development 3 1800000 250000 2050000

 

IIMA PGP Salary by Function (2021)

Close to half the class at IIM, Ahmedabad accepted an offer in Consulting with a median base salary of Rs. 23,73,800 and a guaranteed bonus/cash of INR 2,00,000 taking the total median salary to Rs 25,73,800. Finance was the second most popular function, with a total median salary of INR 24,50,000. Although only 7% of the class chose Product Management, the total remuneration was third on IIMA PGP’s top 6 post-PGP function list. Marketing Sales with a lower base and bonus was the third most popular function (10%), taking in Rs. 22,50,000 in total median salary. General Management was at the bottom of the list for Guaranteed Bonus and total salary, slightly ahead of Business Development on Median base salary.

IIMA PGP Placement & Salary by Location (2021)

Post-PGP (Location) Percentage offers Median Salary
Bangalore 17.58 28,25,000
Hyderabad 6.04 27,47,209
Gurgaon 12.36 29,00,000
Mumbai 26.92 27,60,000

97% of the placements were in India, with Mumbai finding the most offers (27%), ahead of Bangalore (18%), while the remuneration was the highest in Gurgaon – 29 lacs while Hyderabad and Mumbai were tied at 27 lacs each. Bangalore was in the middle (28 lacs). Candidates moving to Tier-2 cities received offers that ranged from 20 lacs to 24 lacs, with the only exception being Kolkata, which had the lowest total median salary (18.8 lacs).

IIMA PGP Top Employers (2021)

McKinsey and BCG lead in the top Employers hiring at IIMA with more than 30 offers each, while GEP – a boutique consulting firm, was the third most popular. Tata Consulting service was the only IT consulting company on the leaderboard, while the bottom half of the ranking was occupied by Investment Banking firms – Nomura, Avendus, and Goldman Sachs.

Birla led in offering General Management roles to the cohort, with Samsung and HUL filling the Consumer Goods and Electronics category.

 

Top Employers Offers Industry
McKinsey 30 Consulting
Boston Consulting Group 32 Consulting
Tata Consultancy Services 14 IT Consulting
GEP 11 Boutique Consulting
Nomura 7 Investment Banking
Avendus 5 Investment Banking
Goldman Sachs 5 Investment Banking
HUL 5 Consumer Goods and Electronics
Samsung 5 Consumer Goods and Electronics
Birla 6 General Management

 

Top Employers (Back to Employer) Offers Industry
PayTM 14 FinTech
Amazon 9 Technology
FinIO 6 FinTech
Microsoft 5 Technology

As expected, IT and FinTech firms were quite welcoming to candidates who received a quick skill upgrade with the IIMA PGP program.

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Reference
IIMA PGP 2021 Placement Report

 

 

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  • Harvard MBA Essay Guide (20 Sample Essays)

    Growth-Oriented Essay: Curiosity can be seen in many ways. Please share an example of how you have demonstrated curiosity and how that has influenced your growth. (up to 250 words) 

    Example #1: Persistence Narrative 
    Background Information: The applicant – a design and music talent, shares her journey through several setbacks. She attributes curiosity to her growth.  
    Curiosity: Philosophy  
    Curiosity (Explained): Curiosity as a philosophy is tough to translate into a narrative unless you are from the creative industry or your contributions had an influence on a solution or an initiative.  
    MBA Essay Strategy: I wanted to capture the humanity of the applicant and her influence in music instead of just highlighting how she overcame multiple roadblocks to gain attention as a designer.  
    Theme: Persistence  
    Read: Harvard MBA Curiosity Essay – Life Starts at NO (Growth-Oriented HBS MBA Essay Example) 

    Example #2: International Community Building 
    Background Information: The applicant, a Machine Learning (ML) entrepreneur specializing in healthcare diagnostics, shares how his curiosity to learn other ML algorithms’ evolution in diagnosing Alzheimer’s, cancer, and heart disease transformed his platform into a global community. 
    MBA Essay Strategy: I wanted to show the applicant’s contributions in diagnostic from 2020 to 2024 by citing two events. Such examples build credibility instead of engagements that were recent. The evolution of the platform from an AI development community to a community for discussing the application of AI in diagnostics is captured through a ‘curiosity’ angle.
    Read: Harvard MBA Curiosity Essay – Growth through Collaboration (AI in Healthcare) (Growth-Oriented HBS MBA Essay Example)

    Example #3: Culture
    Background Information: The applicant, an Entrepreneur from India narrates his first entrepreneurial experience – facilitating exchange of stamps in the late 1990s.
    Theme: Culture
    MBA Essay Strategy:  Instead of addressing the biases in the investor community that could turn preachy, I wanted to focus on the applicant and his entrepreneurial journey by citing two entrepreneurial experiences – a platform(club) for stamp collection and his Grocery delivery App.
    Read: Harvard MBA Curiosity Essay – The American Dream (Growth-Oriented HBS MBA Essay Example)

    Example #4: Addiction
    Background Information: The applicant – a beneficiary of the foster home system, captures the sacrifice his adopted grandparents made to save him from a path of addiction. Paying it back through early intervention among teenagers and community engagement is the curiosity narrative.
    Theme: Addiction
    MBA Essay Strategy:  My strategy is to capture a gratitude narrative in the first one-third of the essay to demonstrate motivation for starting the venture and dedicate the latter part of the essay to the unique solution
    Read: Harvard MBA Curiosity Essay – Drug Addiction and Gaming (Growth-Oriented HBS MBA Essay Example)

    Example #5: Scarcity
    Background Information: The applicant, an education major, recognizes that 70% of all students in Kenya don’t have a computer. The curiosity that drives him to pivot from one solution to another is the growth narrative.
    Theme: Innovation
    MBA Essay Strategy:  Often, innovation is captured with a ‘hero’ narrative where the applicant is the sole originator of an idea. I wanted to break that cliché and include a person from whom the applicant learned to use a concept called ‘scaffolding.’
    Read: Harvard MBA Curiosity Essay – Scarcity (Growth-Oriented HBS Essay Example)

    Example #6: FinTech
    Background Information: The applicant captures a vulnerable moment of a beneficiary to compare his journey of side hustle before a technology giant noticed his talent. Although cryptocurrency is not a flavor for the year, capture niches where innovation is still happening. 
    Theme: Education, Child Welfare
    MBA Essay Strategy:  Empathizing with a techno solution is tough without a strong backstory around the beneficiary. For the essay, I wanted to clearly establish the beneficiary – Rami, before the applicant narrates the similarities to his journey and finally shares the solution that emerged from his curiosity.
    Read: Harvard MBA Curiosity Essay – FinTech as a Tool for Good (Growth-Oriented HBS MBA Essay Example)

    Example #7: Learning from the best
    Background Information: The applicant – a Remote Engineer in the Oil and Gas industry, reflects on a value that has helped her learn from the best regardless of her geographical limitations.
    Theme: Learning
    MBA Essay Strategy:  The effectiveness of the case-study method depends on the assumption that peers in a Harvard MBA class will help elevate your learning experience. For the essay, I have highlighted the applicant’s recognition of this value proposition with three examples.
    Read: Harvard MBA Curiosity Essay – Learning from the Best (Growth-Oriented HBS MBA Essay Example)

    Example #8: Military & Search for IMPACT
    Background Information: The most common narrative for US military applicants is to quote 9/11 and the reaction your immediate family had while watching the events unfold. The horrifying moment is captured as a motivation to join the Military. On digging deeper, most applicants would share that their motivations were diverse.
    Theme: Career Choice
    MBA Essay Strategy:  I wanted to quickly highlight that the applicant had the choice of entering any industry. One achievement to demonstrate his curiosity that I shared in the first half is the invention of a game. Since the game is mentioned in the resume and verifiable through search, I didn’t quote the name. By clearly highlighting the person’s curiosity and career options, the family legacy is used as a factor in joining the military.
    Read: Harvard MBA Curiosity Essay – Career Choice after a Military Career (Growth-Oriented HBS MBA Essay Example)
     
    Leadership-Focused Essay: What experiences have shaped who you are, how you invest in others, and what kind of leader you want to become? (up to 250 words)

    Example #9: Small Business Values
    Background Information: The applicant - a second-generation Asian American, is familiar with the values of fiscal conservatism, building relationships, and understanding the daily struggles of the community through his family’s department store.
    Theme: Customer-Centric
    MBA Essay Strategy:  The applicant’s role in developing an App for the store is highlighted in the essay at a crucial part of the narrative so that the essay is not all about his father. I have also humanized the journey – by sharing how upset the father was when the revenues fell by 40%. The essay is about the transformation in the applicant’s value from a person chasing productivity and optimization technique to someone who is truly thinking about the customers. 
    Read: Harvard MBA Leadership Essay – Small Business Values (Leadership-Focused HBS MBA Essay Example)

    Example #10: Breaking Away from Family Business
    Background Information: A unique challenge that applicants whose parents are public figures or CXOs of businesses or entrepreneurs are the pressure to live up to the parent’s standards or milestones. For the leadership narrative, the burden of legacy is established before the narrative addresses his leadership principles.
    Theme: Authenticity  
    MBA Essay Strategy:  For the essay, I want to capture an entrepreneur’s journey to rise above his entrepreneur father’s image. But I didn’t want to make the entire essay about this complex dynamics. The narrative is around the applicant’s focus on customers and surrounding with teams who keeps him grounded. 
    Read: Harvard MBA Leadership Essay – Breaking Away from Family Business(Leadership-Focused HBS MBA Essay Example)

    Example #11: Creativity and Communication 
    Background Information: When the overall percentage of users with internet access is 62% in South Africa and the inequality accentuated by the rural and urban divide, the applicant endured the lack of digital infrastructure, and spending close to 22% of the family income on gaining relevant information on schools, global exams, and financial assistance. 
    Theme: Creativity, Communication
    MBA Essay Strategy:  The strategy is to share why the applicant values no distraction in a child’s home for optimum education experience. Then I highlight the many roadblocks the applicant’s non-profit faced in receiving fee waiver for their cooperative run ISP.
    Read: Harvard MBA Leadership Essay – Non-Profit (Telecom) (Leadership-Focused HBS MBA Essay Example)

    Example #12: Mental Health
    Background Information: The applicant like most didn’t pay much attention to the mental health epidemic until tragedy hit home.
    Theme: Communication, Innovation
    MBA Essay Strategy:  A question we frequently get from applicants is whether they should cite tragedy in the family as a motivation for a venture or a non-profit initiative. As long as you don’t linger too much on the tragedy and offer a balanced narrative, there are no restrictions on leveraging unique stories from your life. 
    Read: Harvard MBA Leadership Essay – Mental Health (Leadership-Focused HBS MBA Essay Example)

    Example #13: Trauma, Healing & Finding Authentic Self
    Background Information: The applicant narrates the absurdity of war in the narrative about the duties in Kabul, and the trauma. Instead of wallowing in on the horror, the applicant takes what makes military applicants strong and guides unprivileged children build life and leadership skills.
    Theme: Resilience
    MBA Essay Strategy:  Capturing PTSD in an essay, the healing process, and the cues that helped the applicant are too sacred to be shared in a Harvard MBA application essay. However, with the right motivation and narrative arcs, you can capture the essence of your journey without sharing the darkest secrets. That is what I did by merging two stories – the horrors of the war with a non-profit engagement.
    Read: Harvard MBA Leadership Essay – Military & PTSD (Leadership-Focused HBS MBA Essay Example)

    Example #14: Addiction, Setback and Leadership Mantra
    Background Information: In this narrative, the applicant captures Peru’s Silver mining boom of 2006. The growth experienced in her father’s business shifted the family’s economic status to a new stratosphere. Through the changing economic and family dynamics, the applicant finds her voice in a unique way, initially to record her unheard voice but later as one of the youngest subject matter experts in mining and commodities.  
    Theme: Failure
    MBA Essay Strategy:  For the essay, the strategy is to show how life’s unpredictability is a blessing. By narrating two setback events, the essay demonstrates the applicant’s resilience and her acknowledgment of people who made a comeback possible.
    Read: Harvard MBA Leadership Essay – Addiction, Setback and Leadership Mantra (Leadership-Focused HBS MBA Essay Example)

    Example #15: War, Immigration and Starting Over Again
    Background Information: Despite a raging war in Syria, the family of the applicant was unblemished by the chaos. The strategic government assets near the applicant’s house would have made the region an easy target, but it was not. The calmness of her journey is shattered in one event. From the privileges of a cocooned life, the applicant is forced to think about survival, her sister’s future, and her future in the US. The second half of the narrative captures the change that was forced on her. 
    Theme: Gratitude, Resilience
    MBA Essay Strategy:  I consciously chose not to start the essay with a dialogue or trauma. Two lines are allocated to set up the narrative before the trauma event.
    Read: Harvard MBA Leadership Essay – War, Immigration and Starting Over Again (Leadership-Focused HBS MBA Essay Example)

    Harvard MBA Business-Minded Essay: Please reflect on how your experiences have influenced your career choices and aspirations and the impact you will have on the businesses, organizations, and communities you plan to serve. (up to 300 words)

    Example #16: Creative or Finance
    Background Information: The applicant starts the narrative with the origin of her talents. The unbridled enthusiasm receives a reality check when in high school, the applicant’s father has a conversation with her about academics. While the applicant picked up her quant skills, she was reaching over 50,000 loyal fans, and her videos captured 1 million views. 
    Theme: Passion, Talent
    MBA Essay Strategy:  Capturing vulnerability is the toughest part for Harvard MBA applicants. For this essay example, I have captured the applicant’s uncertainty about career choice throughout the essay. Here the goal is to show vulnerability in the career choice essay while for leadership and growth essay, I could capture one example each from creative and PE industry respectively to balance the narrative. So don’t follow this example without a strategy.  
    Read: Harvard MBA Business-Minded Essay – Creative or Finance (Business-Minded HBS MBA Essay Example)

  • Stanford MBA Essay Guide (24 Sample Essays)
  • Columbia MBA Essay Guide (21 Sample Essays)
  • Wharton MBA Essay Guide (15 Sample Essays)
  • INSEAD MBA Essay Guide (19 Sample Essays)
  • Darden MBA Essay Guide  (21 Sample Essays) 
  • Yale SOM MBA Essay Guide (15 Sample Essays)
  • Tuck MBA Essay Guide (15 Sample Essays)
  • Haas MBA Essay Guide (18 Sample Essays)
  • NYU Stern MBA Essay Guide (15 Sample Essays + 6 Examples - Visual Essay)
  • LBS MBA Essay Guide (6 Sample Essays)
  • MIT Sloan MBA Essay Guide (6 Sample Cover Letters + 3 Sample Video Statement Scripts + 3 Sample Optional Essays)
  • Kellogg MBA Essay Guide (11 Sample Essays)
  • Chicago Booth MBA Essay Guide (12 Sample Essays)
  • Ross MBA Essay Guide (31 Sample Essays)
  • Duke Fuqua MBA Essay Guide (10 Sample Essays + Two 25 Random Things Samples)
  • Cambridge MBA Essay Guide (12 Sample Essays)

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