- 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 tinder this salary head are final and are not related to performance.
- 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.
- Total Guaranteed Cash Component: This is the sum of fixed yearly cash component and one-time cash payment.
- Maximum Earning Potential (MEP): This is the sum of total guaranteed cash component, maximum possible-linked variable pay and all other components of salary that are a part of the offer. This can include long term compensation such as PF, gratuity and other perks as well.
Note - All Charts Below Are Sortable
- The PGPX Class of 2020 at IIM Ahmedabad received a median fixed salary of ₹25.00 lakhs per annum, which is an increase of nearly 7% over the previous year. The average fixed salary saw an increase of 11% over the previous year, while the minimum fixed salary remained unchanged.
- 42 students received the one-time cash payment benefit. The maximum one-time cash payment component increased by 34% over the previous year.
- There was a 35% increase in the MEP for the PGPX Class of 2020 at IIM Ahmedabad, while the median MEP remained unchanged. The average MEP increased by nearly 10% over the previous year.
The highest median total guaranteed cash component was for the Manufacturing sector, followed by Others (which includes Education, Aviation, and Non-Profit), and the Consumer Goods sector.
Marketing/Sales roles were the highest paying for the PGPX batch of 2020 at IIM Ahmedabad, though the highest average and median salary was at ₹32.25 lakhs and ₹32.45 lakhs respectively for Finance roles.
For more information about location-wise offers, location-wise salaries, and other salary statistics, please do refer to the complete placement report on the official IIM Ahmedabad website. The audited final placement report for the PGP batch of 2020 will also be released soon. Please visit InsideIIM regularly for updates.
Read Next → Indian School of Business - Final Placement Report | PGP Class of 2020 Receives Over 1500 Job Offers
Comments