Mumbai, September 7: In a significant move, that may create new trend in publishing placement data in business schools, The Indian Institute of Management, Ahmedabad known as IIM-A published placement data of its three major management programs placement data audited by reputed market research firm CRISIL. The audit was done as per the International Placement Reporting Standards, the CRISIL said in a press release. The three programs, that were audited was Post Graduate Programme (PGP), the Post Graduate Programme in Agribusiness Management (PGP-ABM), and the Post Graduate Programme for Management Executives (PGPX).
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, CRISIL said.
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.