Mumbai, September 7: Creating a new trend in publishing the placement data by business schools, The Indian Institute of Management, Ahmedabad (IIM-A) today published employment data for its three full-time management programmes audited by CRISIL. The three programs — Post Graduate Programme (PGP), the Post Graduate Programme in Agribusiness Management (PGP-ABM), and the Post Graduate Programme for Management Executives (PGPX) placements data was audited, verified and found that the data has been published in line with the newly instituted Indian Placement Reporting Standards (IPRS).
The IIM-A-pioneered IPRS is a framework aimed at standardizing reporting of placement statistics. The framework is freely available in the public domain for voluntary adoption by other business schools. The IPRS specifies the standard format in which the aggregate statistics will be reported across function, sector, and location. The aggregate statistics to be published include minimum, maximum, median and average salaries across every parameter. The framework envisages a clear demarcation of performance
linked compensation from fixed salary, thus enabling a more realistic understanding of compensation offered on campus.
The standards also require that an independent auditor audit employment data.
Students will be biggest beneficiaries of this initiative as they will be able to make more meaningful comparisons of business schools, keeping their choice of roles and geographic preferences in mind.
Business schools, which adopt these standards, are likely to generate greater trust with recruiters and students, and showcase their commitment towards transparency. Recruiters will also be able to benchmark the competitiveness of their compensation with industry medians.
Source: CRISIL release.
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