IIM Ahmedabad Average Package 2023: Highest, Lowest, PGP vs PGPX, Trends & Comparison

IIM Ahmedabad is India's most highly regarded B-school. It's not only famous for rigorous academics, but also for excellent placements. Hundreds of students try to make it every year, hoping it will be their ticket to a successful business career.

One of the key reasons why IIM Ahmedabad is preferred by students is itsexcellent placement record. In this article, we will elaborate on IIM Ahmedabad's average package, highest and lowest packages, trends over the last few years, a comparison with IIM Bangalore, and all else you need to know if you're applying for an MBA at IIM Ahmedabad.

Average Package of IIM Ahmedabad in 2023

The average package for PGP Class of 2023 was₹34.45 lakhs per annum (LPA). This is among the highest average salaries of all IIMs and Indian B-schools.

This shows a good performance and high demand for IIM Ahmedabad students across sectors.

IIM Ahmedabad PGPX Average Salary 2024

In addition to thetwo-year PGP program,IIM Ahmedabad also has a one-year full-time Executive MBA program named PGPX. This program is meant for working professionals with a minimum experience of four years.

Although the topmost package was less than earlier years because of global recruitment slowdown, average and median packages are still robust. Recruiters likeDeloitte, EY, Infosys, and otherinternational companies hired from the PGPX batch.

IIM Ahmedabad PGP FABM Average Salary

IIM Ahmedabad also has a special programme calledFood and Agribusiness Management (FABM). It is one of the extremely few MBA-level programmes in India specialized in agribusiness.

For the FABM programme:

Comparison Between PGP and PGPX Programs

Here is a side-by-side comparison of the average salary and placement figures for the PGP and PGPX programs:

This contrast helps students and professionals in making a choice regarding which programme is preferable based on their background and career aspirations.

Year-Wise Average Package Trend at IIM Ahmedabad (PGP)

IIM Ahmedabad has experienced consistent growth in average pay over the years. Even during a time of economic volatility, the institution has been able to achieve robust placement figures.

• The average pay went up by almost ₹7 LPA between 2021 and 2023.
• The top package has more than doubled in three years.
• Even the lowest pay has gone up consistently, reflecting better placements for all the students.

Sector-Wise Placement Analysis

• Consulting: Best positions were offered by BCG, McKinsey, Bain, Accenture Strategy.
• Finance: Investment banking and corporate finance positions by Goldman Sachs, Citi, and others.
• General Management: Companies like TAS, Aditya Birla Group recruited for general management positions.
• Technology and Product Management: Amazon, Microsoft, Flipkart, and other corporate giants actively participated.
• E-commerce and Startups: Fast-growing companies also extended good offers.

IIM Ahmedabad vs IIM Bangalore: Salary Comparison

Here is a comparison between IIM Ahmedabad vs IIM Bangalore:

Both institutes have comparable salary results, but IIM Ahmedabad had a slightly higher highest package in 2023. IIM Bangalore's average and median packages were marginally higher.

Why Are IIM Ahmedabad Salary Packages So High?

IIM Ahmedabad is famous for having some of the highest salary packages in India, and there are some strong reasons why:

1.Best Students from All Over the Country

IIM-A only takes in the top scorers of the CAT exam every year. These are some of the brightest minds in the country, and companies are aware that they're bringing in the crème de la crème.

2.Strong Alumni Network

IIM Ahmedabad boasts an enormous alumni network of successful individuals employed at leadership positions across the globe. This large network tends to bring more employment opportunities and industry credibility to the campus.

3.Global Firms Visit to Recruit

Numerous international and Indian blue chip companies recruit from IIM-A through placements. From management consulting behemoths such as McKinsey and BCG to financial leaders such as Goldman Sachs, the recruiter pool is really international.

4.Strict Academics & Practical Training

IIM-A's teaching approach, particularly the case study method, equips students to develop critical thinking skills and solve actual business issues. They become extremely job-ready right from day one.

5.Brand IIM Ahmedabad

IIM Ahmedabad's MBA has tremendous brand recall value. Companies worldwide know the name and realize that it symbolizes excellence, leadership, and performance.

Conclusion

IIM Ahmedabad continued its position as India's best MBA college, with excellent placement figures in 2023. Its flagship PGP course recorded a strong average salary of₹34.45 LPA, with the one-year PGPX course for professionals recording an even higher average salary of₹36.41 LPA. The highest domestic salary was₹1.46 crore per year, this shows that the institute has good industry connections and international reputation. With the best recruiters fromconsulting, finance, and technology sectors coming in every year, IIM Ahmedabad offers unbeatable career opportunities for freshers and working professionals. For the MBA aspirants looking for high ROI, international exposure, and consistent placement success, IIM Ahmedabad is the best.