The IIM Ahmedabad Placement Committee would like to clarify that the Rs. 1.5 crore offer as reported in the Economic Times article, “Deutsche Bank top recruiter at IIM-A with Rs. 1.5 crore offer” dated February 26, 2011, is misleading. At this point in time, the recruiter named in the report has not shared the complete offer details with the Placement Committee. The partial data available with the Placement Committee does not support the claim made in the article.
According to the Placement Reporting Standards, the institute will share the maximum, mean, median and minimum salary figures (international and domestic separately) at the end of the placement process. Since only two clusters of the placement process have been completed as of date and more are scheduled, the identification of the ‘top’ recruiter is premature. The determination of the highest salary package on campus has not been done by the placement committee as of date and hence any report on this parameter has no validity. We request the readers to wait for the official data and not rely on speculation.
Additionally such reports are misleading since the ‘top’ recruiter could be defined in several ways such as the recruiter making the highest number of offers, the recruiter having the highest acceptances etc. IIM Ahmedabad does not differentiate between recruiters on basis of salary offered or the number of offers made and strives for the best recruiter-recruit fit. In this context, defining the ‘top’ recruiter in terms of salary is not justified.
The Placement Reporting Standards drafted by IIM Ahmedabad and shared with various stakeholders including media (available for download from http://www.iimahd.ernet.in/index.php?id=409&newsID=363), differentiates between data and statistics. The standards have been drafted with the objective of reporting the aggregate statistics and not names of individual companies or students. We request media to refrain from publishing specific data as it may adversely affect the individuals concerned. The responsibility for any negative implication connected with identification of individual recruiters or students would lie with the media house concerned.