IIM Calcutta or IIMC PGPEX placements are a key area of interest for many potential (and even current) students interested in looking at prospects after the program. The program itself is small – only 50 people in terms of batch size – so the opportunity to attract firms with widely varying roles and offers is anyway limited. In this brief article, we take a look at IIMC PGPEX placements and key trends over the last 2-3 years.
Lateral recruiting expected to dominate – and it does
With a batch strength of 50, and the average experience level hovering around 7.5 years, it is fairly clear that this is a group of experienced executives who are here to hone their skills rather than look for career switches.
They will therefore be recruited by firms based on their prior experience and skills more than anything else. Yes, functional changes would happen (for example, people in IT delivery or software development roles might be able to move to business development or project management) but switches that involve both industry and function are expected to be rare.
Also, with a fairly senior cohort of students for recruiting, firms are expected to offer lateral roles, and this in turn means that the number of offers per firm are going to be limited.
These are recruiters who are recruiting for specific, niche positions rather than picking up a bunch of talented B-school graduates to hone them into future managers.
Looking at the placement statistics, we can see this to be true right away. In 2014, 48 firms made only 47 offers to PGPEX students. In 2013, 53 firms had made 56 offers, and in 2012, 51 firms had made 49 offers.
General Management and IT Consulting roles dominate
With students of a fairly more senior profile, General Management roles are expected to be offered more. This is true – 10% of the batch was offered such roles in 2014.
Also, other roles, such as those in Project Management or Operations, which are close analogues of General Management roles, accounted for 22% of the batch. IT Consulting alone accounted for 28% of the batch of 50 (14 students), but that is a function of the intake as well (close to 60% of the class is made up of IT professionals).
Other IT-related roles, such as Product Management, also see sizeable numbers (7 people or 14% of the batch), and some roles that are classified under Project Management may well be in the IT industry too. Consulting (Management Consulting) is present as well, with low numbers.
The list of recruiters, though, mentions the very best Management Consulting firms among those offering jobs – McKinsey, AD Little, and AT Kearney, to name three prominent examples.
Pure functional roles, such as those in Marketing and Finance, are barely present, and one would assume this is again a function of the input (not too many professionals from these functions applying or ultimately making it).
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Newer roles and functions starting to make an appearance
In 2014, the IIMC PGPEX placements process saw recruiters from three new areas – Analytics, BFSI, and Real Estate, and this bodes very well for the program.
The IIMC PGPEX program has a number of excellent quantitative and data-oriented courses geared to help students address managerial issues quantitatively, so Analytics should see growing interest from both a demand and a supply perspective.
Other roles may be more sector-driven and opportunity-driven, but trying to drive a wider base of placements is definitely in the interest of the IIMC PGPEX.
Average salary sees slight dip, continuing the trend since 2012
The average outgoing salary at IIMC PGPEX for 2014 was 18.66 lakhs, below the 19.73 lakh figure of 2013, and further below the 2012 figure of 20.40 lakhs.
Average outgoing salaries have therefore declined by more than 10% over two years for IIMC PGPEX graduates.
As the economy picks up, perhaps this will remedy itself, but IIMC might look at the trend so far with a bit of concern, especially as the average salaries at similar programs at IIMB (EPGP) and IIMA (PGPX) are around 20% to 40% (approx.) higher respectively.