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Indian Institute of Management Ahmedabad

PGP Placement Report

Finals 2023
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BYTES TO KNOWLEDGE

Pet B2K/IIMA/MUM/PB/005/2023-24 March 05, 2024

The Chairperson
Placement Office
Indian Institute of Management Ahmedabad,
Vastrapur, Ahmedabad,
Gujarat —380 015

Dear Sir,
Re: Audit of Placement Report for 2023 placements of Post Graduate Programme in
Management (PGP)

We have audited the data related to remuneration, function & location as presented in the
Placement Report prepared by IIM Abmedabad for the final placement (based on the offers
received and accepted on campus) of the 2023 batch of Post Graduate Programme in
Management (PCI’) of Indian Institute of Management Ahmedabad (IIMA).

The preparation of the Placement Report is the responsibility of IIM Ahmedabad. Our
responsibility is to validate the information related to salary, function & location as provided in
the report with the relevant documentation and comment on the conformance of those with the
Indian Placement Reporting Standards (IPRS) Revision 2.2.

In this context, we confirm the following:

1. For the purpose of the audit we have obtained all the information and explanations
which to the best of our knowledge and belief were necessary. In our opinion, the
Placement Report complies with the Indian Placement Reporting Standards Revision 2.2.

2. The validation of information presented in the report is based on communication received

by IIMA from recruiting companies. B2K Analytics (formerly known as Brickworks
Analytics) has not independently sourced any information or documentation directly from
the recruiters.

3. We have verified the information with respect to salary, function & location presented in
the report with the communication received by IIMA from the recruiters.

a. The information has been categorised as best as possible under different salary
heads as given in the IPRS Revision 2.2; where a break-up was not available, the
salary has been considered only as Maximum Earning Potential.

B2K Analytics Private Limited

(Formerly Brickworks Analytics Pvt. Ltd.)

3rd Floor, Raj Alkaa Park, Kalena Agrabara, Bannerghatta Road, Bengaluru -560076
P: t91 8040409950 E: [email protected] I www.b2kanalytics.com
B2K analytics
BYTES To kNOWLEDGE

b. The data points mentioned under different salary heads are representative of
aggregate salary components offered to the candidates.

c. Stock Options (ESOPs) have been mentioned for twenty-three students with details
on the amount to be vested in the first year. Hence, the corresponding fixed
amount has been considered for the calculation of the ‘Maximum Earning
Potential’ (MEP). In absence of information on the vesting schedule for five
students, 10% of the ESOP value has been assumed to be vested in the first year of
employment.

d. Long-Term benefits (to be paid after twelve months) like ESOP5, retentio n bonus
and any other long-term benefit to be paid after the first year has not been
considered for the calculation of MEP.

e. We have considered the amount of gratuity in the calculation of MEP even though
it is payable after 5 years of continuous service as this amount was not separately
available for all the candidates.

f. Wherever information was missing reasonable assumptions have been made.

4. The acceptance of offers and the number of students opting out of the placement process
has been established through written communication from those students.

a. Out of 389 students eligible for placements, 4 students opted out of the
placement process.

5. We have only audited the data related to salary, function & location in the placement
report and not the report’s overview section, which explains the placement process.

Best Regards,

Ritaban Basu

Head Risk & Analytics

—

BZK Analytics

132K Analytics Private Limited

(Formerly Brickworks Analytics Pvt Ltd.)

3rd Floor, Raj Alkaa Park, Kalena Agrahara, Bannerghatta Road, Bengaloru -560076
P: +918040409950 I [email protected] I www.bzkanalytics.com
Contents
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List of Tables

Table 1.1 Classification of the entire placement pool 4

Table 1.2 : Classification of the entire graduating pool 5

Table 2.1 Classification of offers based on sector 5

Table 3.1 : Classification of offers based on function 6

Table 4.1 : Classification of offers based on international locations 6

Table 4.2 : Classification of offers based on domestic locations 6

Table 5.1 Classification of salary heads — Domestic 7

Table 5.2 Classification of salary heads — International 7

Table 5.3 : Salary Statistics at PPP adjusted exchange rates S

Table 5.4 : Combined Salary Statistics in INR 8

Table 5.5.1 : Sector-wise Classification of Fixed Yearly Cash Component — Domestic 9

Table 5.5.2: Sector-wise Classification of One-time Cash Payment — Domestic 10

Table 5.5.3 : Sector-wise Classification of Total Guaranteed Cash Component— Domestic 10

Table 5.5.4 : Sector-wise Classification of Maximum Earning Potential Domestic - 11

Table 5.6.1: Function-wise Classification of Fixed Yearly Cash Component — Domestic 11

Table 5.6.2: Function-wise Classification of One-time Cash Payment — Domestic 12

Table 5.6.3: Function-wise Classification of Total Guaranteed Cash Component — Domestic 12

Table 5.6.4: Function-wise Classification of Maximum Earning Potential — Domestic 12

Table 5.7.1: Sector-wise Classification of Fixed Yearly Cash Component — International 13

Table 5.7.2: Sector-wise Classification of One-time Cash Payment — International 13

Table 5.7.3: Sector-wise Classification of Total Guaranteed Cash Component — International 13

Table 5.7.4: Sector-wise Classification of Maximum Earning Potential — International 13

Table 5.8.1: Function-wise Classification of Fixed Yearly Cash Component — International 13

Table 5.8.2: Function-wise Classification of One-time Cash Payment — International 13

III
Table 5.8.3: Function-wise Classification of Total Guaranteed Cash Component — International 14

Table 5.8.4: Function-wise Classification of Maximum Earning Potential — International 14

Table 5.9.1: Location-wise Classification of Fixed Yearly Cash Component — International 14

Table 5.9.2: Location-wise Classification of One-time Cash Payment International

- 14

Table 5.9.3: Location-wise Classification of Total Guaranteed Cash Component International

- 14

Table 5.9.4: Location-wise Classification of Maximum Earning Potential International

- 14

Table 5.10.1: Location-wise Classification of Fixed Yearly Cash Component — Domestic 15

Table 5.10.2: Location-wise Classification of One-time Cash Payment — Domestic 15

Table 5.10.3: Location-wise Classification of Total Guaranteed Cash Component — Domestic 16

Table 5.10.4: Location-wise Classification of Maximum Earning Potential — Domestic 16

Table 6.1: Details regarding pre-placement offers (PPO) 17

iv
Overview

The placement process for the graduating batch of the Post Graduate Programme (PGP) in
Management at llM Ahmedabad was successfully completed within three clusters. The third and
final cluster was held on 20th February 2023. The placement process, with the concept of “Dream
Application”, allowed students to choose the sectors and functions of their choice for their final
placement. There were 106 dream applications during 2023 placement season. The successful
completion of the recruitment cycle for the batch of 385 students stands testament to the high
quality of students at the institute and the robust nature of the placement process that provides
adequate flexibility to both students and recruiters.

Placement process
The placement process was conducted in two stages. The first was the laterals process where firms
interviewed students with prior work experience and offered them mid-level managerial positions.
The second stage was the final placement process where firms were grouped into cohorts based
on the profile offered, and groups of cohorts were invited to campus across different clusters.

Laterals process
About 61% of the batch was eligible for lateral placements, which provided students an
opportunity to optimally leverage their work experience. The laterals process included 36 firms
from diverse sectors such as technology, banking, finance, consulting, analytics, etc. Firms which
participated in the laterals process included Angel One, American Express, BrowserStack, Coforge,
EXL, FinlQ Consulting, Lodha Group, Media.net, Mircosoft, 0ne97 Communications (Paytm),
Piramal Alternatives, PWC, Vector Consulting Group, WestBridge Capital.

Sectoral overview
Firms from different sectors and geographies participated in the process at IIM Ahmedabad
through Laterals, Finals, and PPOs which are listed below:
Recruiters in the consulting domain included Arthur D. Little, Alvarez & Marsal, Sam & Co., Boston
Consulting Group, Kearney, KPMG, McKinsey & Company, Monitor Deloitte, Oliver Wyman, Praxis
Global Alliance, PwC, and Strategy& Middle East, among others. Prominent recruiters in the

:1
Investment Banking & Markets and Private Equity, Venture Capital, and Asset Management space
included A91 Partners, Arpwood Capital, ARGA Investment, Avendus, Bank of America, Citibank,
Goldman Sachs, HSBC, JP Morgan Chase & Co, Kotak, Morgan Stanley, Premji Invest, o3 Capital,
and Standard Chartered, among others. Consumer goods, consumer services, consumer tech, and
consumer electronics cohorts’ firms that made offers were Airtel, Asian Paints, Coca-Cola, HUL,
Kimberly-Clark, L’Oreal, Nestle, P&G, Samsung Electronics, and Wipro Consumer Care, among
others. The Conglomerate and Retail BZB & B2C cohorts saw participation like Amazon, Adani
Group, Aditya Birla Group, Bajaj, CK Birla Group, Emaar, Reliance, and Tata Administrative
Services. The Banking, Financial Services & Insurance, and Cards & Financial Advisory recruiters
included American Express, Angel One, IDFC First Bank, IIFL Securities, and Mastercard. Some
prominent recruiters in Enterprise Tech that gave offers were Adobe, Atlassian, lkigai Labs, and
Oracle. Firms participating in the Laterals process included Amagi, American Express, Angel One,
Arteria Technologies, Browserstack, Capital One, EXL Service, FinlQ Lodha Group, Media.net,
Microsoft, Ola, Paytm, Piramal Alternatives, Praxis Global Alliance, PwC, Trident Limited, and
Zomato among others. There were several new recruiters this year, including Essar Group, cult.fit,
Javis, BLS International, Wells Fargo & Co, and WestBridge Capital, among others.

Top recruiters
188 firms participated with around 280 roles in the placement process in 2023, including PPO5. In
the Finals placements process, firms that made the most offers on campus included McKinsey &
Company and Boston Consulting Group. McKinsey & Company made the most offers (including
PPOs) at the end of the final placement process with 34 offers, followed by Boston Consulting
Group with 33 offers. Among the Investment Banks, Goldman Sachs was the largest recruiter
(including PPOs), making 8 offers, closely followed by o3 Capital with 3 offers. This year, the
Conglomerate cohort witnessed a 135% increase in the number of net offers, the Private Equity,
Venture Capital and Asset management cohort witnessed close to a 19% increase in the number
of net offers, and the Cards and Financial Advisory cohort witnessed a 20% increase in the number
of net offers vis-à-vis last year. In the General Management domain, Adani made the highest
number of offers (including the pre-placement offers) —10, closely followed by Essar Group, which
rolled outS offers. In the IT Consulting cohort, Tata Consultancy Services was the most prominent
recruiter, with 10 offers (including PPO5). In the Laterals process, PwC made the highest number

2
of offers-13, closely followed by FinlQ-1O offers. Also, American Express and Angel One rolled out
6 offers each.

Entrepreneurship
IIM Ahmedabad has always encouraged students to take up entrepreneurship as a career by
opting for IlMAvericks Fellowship. The IlMAvericks Fellowship includes mentorship from CIIE.CO
and financial support for a period of 2 years. At anytime during the Fellowship, the student can
return and sit for placements through the Institute’s placement process. This year, no student
opted out of the placement process to work on their own venture, under the IlMAvericks
Fellowship.

The IPRS Initiative

The Indian Placement Reporting Standards (IPRS) is an initiative that aims to provide transparency
and authenticity in placement reporting across B-schools, through the means of audited
placement reports. Please visit the IPRS website to know more.
(IMA would like to thank all its recruiters for their participation in the year’s placement process
and their cooperation with the IPRS initiative.

3
 1. Classification of Students
1.1 Classification of the Entire Placement Pool
Categories Number
i. sought Placement through the institute 385
la. students in PGP Programme Graduating in 2023 374
lb. PGP and Dual Degree students graduating in 2024* 9
ic. students returning from Placement Holiday 1
ld. students from University abroadtt 0
le. Previous year students graduating in 2023 1
2. Did not seek Placement through the Institute 4
2a. Company sponsored or already employed 0
2b. Continuing education 0
2c. Postponing job search 0
2d. Entrepreneurship 1
2e. Returning to/joining family business 0
2f. sought placement outside the campus placement process 3
2g. Did nut seek placement for other reasons 0
Total students eligible for placements 389
Total offers accepted 385
Students for whom data is unavailable 0
Students still in process 0
Total who did not seek placement through the institute 4
Table 1.1: Classification of the entire placement pool
* Students opting for a dual degree programme will graduate from JIM Ahmedabad in 2024, o year after the
students of the PGP programme. However, they ore eligible to participate in the placement process in the
current year (2023). Hence, dual degree students graduating in 2024 have been included among those
eligible to participate in the placement process.
** “Students from universities abroad” (bath Dual Degree and term exchange) are students who have come

from universities abroad to pursue education at JIM Ahmedabad, either for one year or one term.

1.2 Classification of the Entire Graduating Pool

Categories Number
1. Total students graduating in 2023
la. students in PGP programme graduating in 2023
lb. Students of previous years (dual degree and others) graduating in 2023
lc. Dual degree students from abroad graduating in 2023
2. students graduating in 2024 and eligible for placements in 2023
3. Total students eligible for placements
3a. PGP Programme students graduating in 2023
3b. Students graduating in 2024 and eligible for placements in 2023
3c. students from universities abroad
3d. students returning from Placement holiday
3e. Previous year students graduating in 2023
Total who sought placement through the institute
jotal who did not seek placement through the institute
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 Table 1.2: Classification of the entire graduating pool

2. Sector-wise Classification
Number of Offers
Sector

Automobile
Banking, Financial Services and Insurance
Conglomerates
Consulting
Consumer Services
Education Technology
Engineering / Technology
FM CC
Information Technology (IT)
IT Analytics
IT Consulting
IT Software
IT Solutions
Logistics
Manufacturing
Media/Communications
Mining
Online Services
Artificial Intelligence
Wellness & Fitness services
Energy
Pharmaceutical
Real Estate
Retail B2B & B2C
Telecommunication
Total
Table 2.1 : Classification of offers based on sector

3. Function-wise Classification
Number of Offers
Function
Domestic International Total
Consulting
Data Analytics
Finance
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Operations 3 1 4
Project Management 3 0 3
Product/Category Management 47 0 47
Strategy 6 0 6
Total 376 9 385
Table 3.1 : Classification of offers based on function

4. Location-wise Classification

4.1 Classification of International Locations

International Location No. of Offers accepted

Dubai 5
Hong Kong 1
Singapore 3
Total International 9
Table 4.1: Classification of offers based on international locations

4.2 Classification of Domestic Locations

Domestic Location No. of Offers accepted

Ahmedabad 2
Bangalore 53
Chennai 7
Delhi NCR 87
Gurgaon 5
Hyderabad 13
Kolkata 3
Mumbal 143
Mumbai/Delhi/Bangalore 4
Noida 4
Pune 10
PAN India 39
Remote 3
TBD 3
Total Domestic 376
Table 4.2: Classification of offers based on domestic locations

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5. Salary Data
5.1 Salary Heads — Domestic (INR)
Salary Head Mm Max Median Mean Data
Fixed Yearly Cash Component 12,15,700 70,00,000 25,76,000 26,37,985 -a
One time Cash Payment 25,000 10,00,000 2,50,000 3,00,680 -a
Total Guaranteed Cash Component 12,15,700 70,00,000 28,31,500 28,68,293 -a
Maximum Earning Potential 18,05,545 1,46,19,300
Table 5.1 Classification of salary heads —
31,58,720
Domestic
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5.2 Salary Heads International (USD)

—

Salary Head* Mm Max Median Mean Data

Fixed Yearly Cash Component $ $ 76,500 $ 1,27,843 $ 1,13,089 $ 1,09,171 9
One time Cash Payment $ $ 3,248 $ 10,000 $ 5,491 $ 5,174 -a
Total Guaranteed Cash Component $ $ 76,500
Maximum Earning Potential $ $ 1,16,045
$ 1,37,843
$ 1,37,843
$ 1,16,338
$ 1,26,300
$ 1,13,195
$ 1,28,399
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Table 5.2: Classification of salary heads — International
* For International salaries, all conversions ta USD are made as per closing rates on 2grh September2023. Data
is sourced from the Exchange Rates official website.
(Links: https://www.exchanperates.ara.uk/USD-AED-exchange-rote-histary.html,
https://www.exchangerates.org.uk/usD-SGD-spot-exchanpe-rates-history-2023.html,
https://www. exchange-rates.arg/exchanae-rate-history/usd.hkd-2023,
https://www. exchanQerates. org.uk/LJSD-INR-spat-exchanQe-rates-history-2023,htrnj)

DesCription of Salary Heads

1. Fixed Yearly Cash Component: This is a total of the annual basic salary and additional
guaranteed cash components. These additional components include cash payments and
allowances that are part of the annual package. The term guaranteed signifies that the
amount is certain unless, there is an overall pay revision. The components falling under this
salary head are final and are not related to performance.
2. One-time Cash Payment: This head indicates the value of the remuneration given to a
candidate as one-time cash benefit mostly at the time of joining.
3. Total Guaranteed Cash Component: This is the sum of fixed yearly cash component and
one-time cash component.
4. Maximum Earning Potential: This is the sum of total guaranteed cash component,
maximum possible-linked variable pays and all other components of salary that are a part of
the offer. This can include long term compensation such as PE, gratuity and other perks as
well.

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5.3 Salary Statistics at Purchasing Power Parity (PPP)
Salary in USD at PPP~e Mm Max Median Mean Data
INR salary (Total guaranteed cash
component) 53,064 3,05,543 1,23,592 1,25,198 376
Non-INR salary (Total guaranteed
cash component) 1,24,879 4,22,086 1,93,820 2,54,622 9
Combined INR and non-INR salary
(Total guaranteed cash component) 53,064 4,22,086 1,23,592 1,28,224 385
INR salary (Maximum Earning
Potential) 78,810 6,38,119 1,37,875 1,50,388 376
Non-INR salary (Maximum Earning
Potential) 1,89,432 4,91,925 1,93,820 2,92,246 9
Combined INR and non-INR salary
(Maximum Earning Potential) 78,810 6,38,119 1,39,764 1,53,704 385
Table 5.3: Salary Statistics at PPP adjusted exchange rates
~ As per the PPP conversion rate for 2022 for oil the available currencies from the World Development
indicators (Woo database of the World Bank official website. Doto is sourced from
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5.4 Combined Salary Statistics in INR

Salary Head Mm Max Median Mean Data
Fixed Yearly Cash Component 12,15,700 1,06,27,117 25,84,700 27,88,461 385
One time Cash Payment 25,000 10,00,000 2,60,000 3,03,752 295
Total Guaranteed Cash Component 12,15,700 1,14,59,047 28,31,500 30,21,206 385
Maximum Earning Potential 18,05,545 1,46,19,300 32,02,000 36,14,356 385
Table 5.4: Combined Salary Statistics in INR
* Far International salaries, all conversions to INR from USD are made as per closing rates on 28th September
2023. Data is sourced from the Exchange Rates official website: https://www.exchangerates.org.uk/USD-INR
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 5.5 Sector-wise Classification of Salary — Domestic (INR)

5.5.1 Fixed Yearly Cash Component

Sector Mm Max Mean Median Data
Automobile 21,25,000 21,25,000 21,25,000 21,25,000 1
Banking, Financial Services and Insurance 18,05,545 70,00,000 29,21,370 26,00,000 83
Conglomerates 17,50,000 22,50,000 20,85,000 22,10,000 23
Consulting 20,00,000 40,00,000 27,43,410 27,36,702 177
Consumer Services 20,90,909 20,90,909 20,90,909 20,90,909 2
Education Technology 12,15,700 12,15,700 12,15,700 12,15,700 1
Engineering / Technology 22,27,832 22,27,832 22,27,832 22,27,832 1
FMCG 21,63,732 25,77,000 23,42,452 23,00,000 17
Information Technology (IT) 21,52,500 32,00,000 24,81,343 22,40,000 7
IT Analytics 20,00,000 23,75,000 20,93,750 20,00,000 4
IT Consulting 21,45,000 21,45,000 21,45,000 21,45,000 12
IT Software 20,00,000 27,56,000 24,85,792 26,50,000 12
IT Solutions 25,00,000 28,39,510 26,90,930 27,12,105 4
Logistics 24,00,000 24,00,000 24,00,000 24,00,000 1
Manufacturing 21,00,000 30,00,000 25,50,000 25,50,000 2
Media/Communications 19,55,000 23,44,803 21,49,902 21,49,902 2
Mining 18,00,000 18,00,000 18,00,000 18,00,000 1
Online Services 24,81,631 24,81,631 24,81,631 24,81,631 1
Artificial Intelligence 27,00,000 27,00,000 27,00,000 27,00,000 2
Wellness & Fitness services 25,00,000 25,00,000 25,00,000 25,00,000 1
Energy 21,00,000 21,00,000 21,00,000 21,00,000 1
Pharmaceutical 22,00,000 25,00,000 23,66,667 23,50,000 9
Real Estate 24,34,783 24,34,783 24,34,783 24,34,783 4
Retail B2B & B2C 21,00,000 21,00,000 21,00,000 21,00,000 6
Telecommunication 22,50,000 22,50,000 22,50,000 22,50,000 2
Table 5.5.1 Sector-wise Classification of Fixed Yearly Cash Component — Domestic

5.5.2 One-time Cash Payment

Sector Mm Max Mean Median Data
Automobile 5,00,000 5,00,000 5,00,000 5,00,000 1
Banking, Financial Services and Insurance 25,000 5,00,000 3,75,532 4,00,000 47
Conglomerates 3,50,000 4,00,000 3,93,750 4,00,000 8
Consulting 50,000 10,00,000 2,33,279 2,00,000 154
Engineering/Technology 6,05,000 6,05,000 6,05,000 6,05,000 1
FMCG 1,50,000 7,00,000 3,85,294 3,00,000 17
Information Technology (IT) 1,00,000 8,09,525 3,36,508 1,00,000 3
IT Analytics 1,77,500 2,60,000 2,39,375 2,60,000 4
IT Consulting 2,00,000 2,00,000 2,00,000 2,00,000 12
IT Software 2,00,000 8,00,000 5,54,436 5,99,022 11
IT Solutions 5,50,000 5,50,000 5,50,000 5,50,000 3
Manufacturing 6,00,000 6,00,000 6,00,000 6,00,00~ ~
Media/Communications 2,00,000 2,00,000 2,00,000 2,00jñQ..~ ~
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Energy 3,00,000 3,00,000 3,00,000 3,00,000 1
Pharmaceutical 1,00,000 3,00,000 2,33,333 3,00,000 9
Real Estate 2,00,000 2,00,000 2,00,000 2,00,000 4
Retail B2B & B2C 7,50,000 7,50,000 7,50,000 7,50,000 6
Telecommunication 5,00,000 5,00,000 5,00,000 5,00,000 2
Table 5.5.2: Sector-wise Classification of One-time cash Payment — Domestic

5.5.3 Total Guaranteed Cash Component

Sector Mm Max Mean Median Data
Automobile 26,25,000 26,25,000 26,25,000 26,25,000 1
Banking, Financial Services and Insurance 18,05,545 70,00,000 31,34,020 29,86,354 83
Conglomerates 17,85,000 26,10,000 22,21,957 22,50,000 23
Consulting 22,00,000 45,00,000 29,46,377 28,50,000 177
Consumer Services 20,90,909 20,90,909 20,90,909 20,90,909 2
Education Technology 12,15,700 12,15,700 12,15,700 12,15,700 1
Engineering / Technology 28,32,832 28,32,832 28,32,832 28,32,832 1
FMCG 23,90,000 30,52,000 27,27,746 26,25,691 17
Information Technology (IT) 22,40,000 32,00,000 26,25,561 25,65,000 7
IT Analytics 22,60,000 25,52,500 23,33,125 22,60,000 4
IT Consulting 23,45,000 23,45,000 23,45,000 23,45,000 12
IT Software 23,00,000 33,64,403 29,94,024 31,33,261 12
IT Solutions 25,00,000 33,89,510 31,03,430 32,62,105 4
Logistics 24,00,000 24,00,000 24,00,000 24,00,000 1
Manufacturing 21,00,000 36,00,000 28,50,000 28,50,000 2
Media/Communications 21,55,000 25,44,803 23,49,902 23,49,902 2
Mining 20,50,000 20,50,000 20,50,000 20,50,000 1
Online Services 26,31,631 26,31,631 26,31,631 26,31,631 1
Artificial Intelligence 27,00,000 27,00,000 27,00,000 27,00,000 2
Wellness & Fitness services 25,00,000 25,00,000 25,00,000 25,00,000 1
Energy 24,00,000 24,00,000 24,00,000 24,00,000 1
Pharmaceutical 23,00,000 28,00,000 26,00,000 26,50,000 9
Real Estate 26,34,783 26,34,783 26,34,783 26,34,783 4
Retail B2B & B2C 28,50,000 28,50,000 28,50,000 28,50,000 6
Telecommunication 27,50,000 27,50,000 27,50,000 27,50,000 2
Table 53.3: Sector-wise classification of Total Guaranteed Cash Component— Domestic

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 5.5.4 Maximum Earning Potential
Sector Mm Max Mean Median Data
Automobile 30,24,000 30,24,000 30,24,000 30,24,000 1
Banking, Financial Services and Insurance 18,05,545 1,46,19,300 41,33,337 35,05,844 83
Conglomerates 21,00,000 30,00,000 25,53,913 25,00,000 23
Consulting 23,00,000 56,00,000 34,55,378 34,50,000 177
Consumer Services 26,00,000 26,00,000 26,00,000 26,00,000 2
Education Technology 32,15,700 32,15,700 32,15,700 32,15,700 1
Engineering / Technology 28,32,832 28,32,832 28,32,832 28,32,832 1
FMCG 25,00,000 33,39,753 29,43,319 29,39,450 17
Information Technology (IT) 26,66,386 42,48,955 31,87,916 32,00,000 7
IT Analytics 25,00,000 28,22,500 25,80,625 25,00,000 4
IT Consulting 28,00,000 28,00,000 28,00,000 28,00,000 12
IT Software 26,00,000 42,15,603 35,94,433 37,43,600 12
IT Solutions 25,00,000 34,79,020 32,31,860 34,74,210 4
Logistics 28,80,000 28,80,000 28,80,000 28,80,000 1
Manufacturing 25,20,000 66,00,000 45,60,000 45,60,000 2
Media/Communications 25,00,000 27,00,000 26,00,000 26,00,000 2
Mining 32,17,000 32,17,000 32,17,000 32,17,000 1
Online Services 29,01,631 29,01,631 29,01,631 29,01,631 1
Artificial Intelligence 32,40,000 32,40,000 32,40,000 32,40,000 2
Wellness & Fitness services 25,70,000 25,70,000 25,70,000 25,70,000 1
Energy 26,50,000 26,50,000 26,50,000 26,50,000 1
Pharmaceutical 23,00,000 31,20,000 27,04,444 28,00,000 9
Real Estate 31,20,000 31,20,000 31,20,000 31,20,000 4
Retail B2B & B2C 29,35,000 29,35,000 29,35,000 29,35,000 6
Telecommunication 30,00,000 30,00,000 30,00,000 30,00,000 2
Table 554 : Sector-wise classification of Maximum Earning Potential— Domestic

5.6 Function-wise Classification of Salary — Domestic (INR)

5.6.1 Fixed Yearly Cash Component

Function Mm Max Mean Median Data
Consulting 20,00,000 40,00,000 26,84,518 26,50,000 206
Data Analytics 23,75,000 23,75,000 23,75,000 23,75,000 1
Finance 18,05,545 70,00,000 33,06,794 30,00,000 45
General Management 17,50,000 25,65,000 21,74,098 22,10,000 39
Growth- Online Sales 25,84,700 25,84,700 25,84,700 25,84,700 1
Marketing/Sales 12,15,700 30,00,000 23,12,897 23,00,000 25
Operations 18,50,000 25,00,000 22,83,333 25,00,000 3
Project Management 20,00,000 20,00,000 20,00,000 20,00,000 3
Product/Category Management 19,80,000 43,00,000 24,79,662 25,17,500 47
Strategy 21,00,000 23,00,000 21,83,333 22,00,000 6
T~ble 5:6.1: Function-wise Classification of Fixed Yearly Cash Component — Domestic
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Function Mm Max Mean Median Data
Consulting 50,000 10,00,000 2,52,297 2,00,000 n
Data Analytics 1,77,500 1,77,500 1,77,500 1,77,500 a
Finance 25,000 5,00,000 3,43,125 3,50,000 a
General Management
Growth- Online Sales
1,00,000
5,50,000
7,50,000
5,50,000
3,92,500
5,50,000
4,00,000
5,50,000
a 1
Marketing/Sales 1,50,000 7,00,000 3,54,348 3,00,000 a
Project Management 2,60,000 2,60,000 2,60,000 2,60,000 a
Product/Category Management 1,00,000 8,09,525 4,44,803 4,00,000 a
Strategy 1,00,000 7,50,000 3,60,000
Table 5.6.2: Function-wise Classification of One-time Cash Payment — Domestic
1,00,000 a

5.63 Total Guaranteed Cash Component

Function Mm Max Mean Median Data
Consulting 22,00,000 45,00,000 29,11,096 28,50,000 206
Data Analytics 25,52,500 25,52,500 25,52,500 25,52,500 1
Finance 18,05,545 70,00,000 34,28,794 30,00,000 45
General Management 17,85,000 28,50,000 23,75,380 24,00,000 39
Growth- Online Sales 31,34,700 31,34,700 31,34,700 31,34,700 1
Marketing/Sales 12,15,700 36,00,000 26,38,897 26,34,783 25
Operations 18,50,000 25,00,000 22,83,333 25,00,000 3
Project Management 22,60,000 22,60,000 22,60,000 22,60,000 3
Product/Category Management 20,90,909 45,00,000 28,01,435 28,50,000 47
Strategy 23,00,000 28,50,000 24,83,333 23,00,000 6
Table 5.6.3: Function-wise Classification of Total Guaranteed Cash Component — Domestic

5.6.4 Maximum Earning Potential

Function Mm Max Mean Median Data
a
-

Consulting 23,00,000 56,00,000 34,01,882 33,00,000

Data Analytics 28,22,500 28,22,500 28,22,500 28,22,500 -a
Finance 18,05,545 1,46,19,300 48,87,367 40,00,000 a
General Management 21,00,000 32,17,000 26,75,154 27,00,000 a
Growth- Online Sales
Marketing/Sales
34,69,400
25,00,000
34,69,400
66,00,000
34,69,400
30,97,285
34,69,400
30,20,000
a
a
Operations 30,50,000 32,50,000 31,83,333 32,50,000 a
Project Management 25,00,000 25,00,000 25,00,000 25,00,000 a
Product/Category Management 23,10,000 63,20,000 32,82,358 32,40,000 a
Strategy 23,00,000 29,35,000 25,61,667
Table 5.6.4: Function-wise Classification of Maximum Earning Potential — Domestic
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5.7 Sector-wise Classification of Salary — International (USD)

5.7.1 Fixed Yearly Cash Component

Sector Mm Max Mean Median Data
Banking, Financial Services and Insurance 1,20,808 1,27,843 1,22,567 1,20,808 4
Conglomerates 1,13,089 1,13,089 1,13,089 1,13,089 3
Consulting 76,500 76,500 76,500 76,500 2
Table 5.7.1: Sector-wise Classification of Fixed Yearly Cash Component — International

5.7.2 One-time Cash Payment

Sector — Mm Max Mean Median Data
Banking, Financial Services and Insurance 5,491 10,000 6,618 5,491 4
Conglomerates 3,248 3,248 3,248 3,248 3
Table 5.7.2: sector-wise Classification of One-time cash Payment — International

5.7.3 Total Guaranteed Cash Component

Sector Mm Max Mean Median Data
Banking, Financial Services and Insurance 1,26,300 1,37,843 1,29,186 1,26,300 fl
Conglomerates 1,16,338 1,16,338 1,16,338 1,16,338 S.
Consulting 76,500 76,500
Table 5.7.3: Sector-wise Classification of Total Guaranteed Cash Component
76,500
—
76,500
International
S.
5.7.4 Maximum Earning Potential
Sector Mm Max Mean Median Data
Banking, Financial Services and Insurance 1,26,300 1,37,843 1,29,186 1,26,300 fl
Conglomerates 1,35,587 1,35,587 1,35,587 1,35,587 n
Consulting 1,16,045 1,16,045
Table 5.7.4: Sector-wise Classification of Maximum Earning Potential
1,16,045
— International
1,16,045 n

5.8 Function-wise Classification of Salary — International (USO)

5.8.1 Fixed Yearly Cash Component

Function Mm Max Mean Median Data
Consulting 76,500 76,500 76,500 76,500 S.
Finance 1,20,808 1,27,843 1,22,567 1,20,808 S.
Marketing/Sales 1,13,089 1,13,089 1,13,089 1,13,089 S.
Operations 1,13,089 1,13,089 1,13,089 1,13,089 S.
Table 5.8.1: Function-wise Classification of Fixed Yearly Cash Component — International

5S.2 One4ime Cash Payment

Function Mm Max Mean Median Data
Finance 5,491 10,000 6,618 5,491 S.
Marketing/Sales 3,248 3,248 3,248 3,248 S.
Operations 3,248 3,248 3,248 3,248
Table 5.8.2: Function-wise Classification of One-time Cash Payment — International

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 5.8.3 Total Guaranteed Cash Component
Function Mm Max - Mean Median Data
consulting 76,500 76,500 76,500 76,500 2
Finance 1,26,300 1,37,843 1,29,186 1,26,300 4
Marketing/Sales 1,16,338 1,16,338 1,16,338 1,16,338 2
Operations 1,16,338 1,16,338 1,16,338 1,16,338 1
Table 5.8.3: Function-wise Classification of Total Guaranteed cash Component — International

5.8.4 Maximum Earning Potential

Function Mm Max Mean Median Data
consulting 1,16,045 1,16,045 1,16,045 1,16,045 2
Finance 1,26,300 1,37,843 1,29,186 1,26,300 4
Marketing/Sales 1,35,587 1,35,587 1,35,587 1,35,587 2
Operations 1,35,587 1,35,587 1,35,587 1,35,587 1
Table 5.8.4: Function-wise Classification of Maximum Earning Potential — International

5.9 Location-wise Classification of Salary — International (USD)

5.9.1 Fixed Yearly Cash Component

Location Mm Max Mean Median Data
Dubai 76,500 1,13,089 98,454 1,13,089
Hong kong 1,27,843 1,27,843 1,27,843 1,27,843 1
Singapore 1,20,808 1,20,808 1,20,808
Table 5.9.1: Location-wise Classification of Fixed Yearly Cash Component —
1,20,808
International
n
5.9.2 One-time Cash Payment
Location Mm Max Mean Median
Dubai 3248 3,248 3248 3,248
Hong kong 10,000 10,000 10,000 10,000
Singapore 5,491 5,491 5,491 5,491
Table 5.9.2: Location-wise Classification of One-time Cash Payment - International

5.93 Total Guaranteed Cash Component

Location Mm Max Mean Median Data
Dubai 76,500 1,16,338 1,00,403 1,16,338
Hong kong 1,37,843 1,37,843 1,37,843 1,37,843
Singapore 1,26,300 1,26,300 1,26,300 1,26,300
Table 5.9.3: Location-wise Classification of Total Guaranteed Cash Component - International

5S4 Maximum Earning Potential

Location Mm Max Mean Median Data
Dubai 1,16,045 1,35,587 1,27,770 1,35,587
Hong kong 1,37,843 1,37,843 1,37,843 1,37,843 1
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_______ 1,26,300 1,26,300
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 5.10 Location-wise Classification of Salary — Domestic (INR)

5.10.1 Fixed Yearly Cash Component

Location Mm Max Mean Median Data
Ahmedabad
Bangalore
19,35,000
19,80,000
19,35,000
70,00,000
19,35,000
26,92,669
19,35,000
25,31,500
n
n
Chennai 17,85,000 29,50,000 22,01,429 21,45,000
Delhi NCR 18,50,000 30,00,000 25,85,853 26,27,404 n
Gurgaon 17,85,000 27,71,923 22,11,300 21,00,000 n
Hyderabad 20,00,000 29,50,000 25,19,769 26,50,000 n
Kolkata 23,00,000 33,00,000 28,00,000 28,00,000 n
Mumbai 12,15,700 50,25,183 28,39,603 27,36,702 a
Mumbai/Delhi/Bangalore 30,00,000 30,00,000 30,00,000 30,00,000 a
Noida 20,00,000 25,65,000 22,61,658 22,40,816 a
PAN India 17,50,000 26,37,112 21,75,793 22,10,000 fl
Pune 21,25,000 25,86,354 25,01,583 25,86,354 fl
Remote 25,84,700 28,39,510 27,54,573 28,39,510 a
TBD 24,00,000 25,31,500 24,87,667
Table 5.10.1: Location-wise Classification of Fixed Yearly Cash Component —
25,31,500
Domestic
a

5.10.2 One-time Cash Payment

I Location Mm Max Mean Median Data
Bangalore
Chennai
50,000
2,00,000
8,00,000
7,50,000
3,29,522
3,30,000
3,00,000
2,00,000
a
a
Delhi NCR
Gurgaon
50,000
2,00,000
6,00,000
3,00,000
3,04,795
2,31,250
3,00,000
2,12,500
a
a
Hyderabad
Mumbai
1,77,500
25,000
8,09,525
7,50,000
4,75,506
2,50,441
5,00,000
2,00,000
a
a
Mumbai/Delhi/Bangalore 5,00,000 5,00,000 5,00,000 5,00,000 a
Noida
PAN India
1,50,000
2,00,000
2,60,000
7,00,000
2,23,333
2,70,000
2,60,000
2,00,000
a35
Pune . 100000 500000 380000 400000 a
Remote
TBD
550000
300000
550000
1000000
550000
533333
550000
300000
a
a
Table 5.10.2: Location-wise Classification of One-time Cash Payment — Domestic

5103 Total Guaranteed Cash Component

Location Mm Max Mean Median Data
Ahmedabad 19,35,000 19,35,000 19,35,000 19,35,000 n
Bangalore 20,90,909 70,00,000 28,97,843 28,31,500 a
Chennai
Delhi NCR
17,85,000
18,50,000
31,50,000
36,00,000
24,37,143
28,41,600
23,45,000 a
Gurgaon 17,85,000 29,96,923 23,96,300
Hyderabad 25,00,000 33,64,403 29,95,2766 ________

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 Mumbai 12,15,700 52,00,183 30,18,240 28,50,000 143
Mumbai/Delhi/Bangalore 35,00,000 35,00,000 35,00,000 35,00,000 4
Noida 22,60,000 26,31,631 24,29,158 24,12,500 4
PAN India 17,85,000 28,63,732 24,18,101 24,78,906 39
Pune 23,00,000 29,86,354 28,81,583 29,86,354 10
Remote 31,34,700 33,89,510 33,04,573 33,89,510 3
TBD 28,31,500 34,00,000 30,21,000 28,31,500 3
Table 5.10.3: Location-wise Classification of Total Guaranteed Cash Component — Domestic

5.10.4 Maximum Earning Potential

Location Mm Max Mean Median Data
Abmedabad 21,50,000 27,50,000 24,50,000 24,50,000 a
Bangalore 23,10,000 1,40,00,000 37,12,250 32,50,000 a
Chennal 21,00,000 40,75,000 28,98,857 28,00,000 a
Delhi NCR 25,00,000 66,00,000 33,42,560 31,58,720 a
Gurgaon 21,00,000 31,20,000 27,58,300 28,25,000 a
Hyderabad 28,22,500 42,48,955 37,20,801 39,20,022 a
Kolkata 23,00,000 33,00,000 28,00,000 28,00,000 a
Mumbai 18,05,545 1,46,19,300 36,20,659 32,15,700 a
Mumbai/Delhi/Bangalore 35,00,000 35,00,000 35,00,000 35,00,000 a
Noida 25,00,000 29,01,631 26,50,408 26,00,000 a
PAN India 21,00,000 34,80,862 29,22,307 30,00,000 a
Pune 28,50,000 34,86,354 33,76,483 34,86,354 a
Remote 34,69,400 34,79,020 34,75,813 34,79,020 a
TBD 38,68,500 39,04,000 38,80,333
Table 5.10.4: Location-wise Classification of Maximum Earning Potential —
38,68,500
Domestic
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6. Other Details
Sr. No. Parameter Number
1 Total Pie-Placement offers awarded 224
la. Through internships 221
lb. Others 3
2 Total Pie-Placement offers accepted 146
2a. Through internships 145
2b. Others 1
Table 6.1: Details regarding pre-placement offers (PPO)

7. Compliance Statement

This placement report has been prepared as per the Indian Placement Reporting
Standards Revision 2.2*.

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