Following the article in Times of India (Ahmedabad) dated 15th October 2011 mentioning that 3 PPO offers of over Rs. 1 Crore have been given to students, we would like to clarify in interest of the entire community that this information is unsubstantiated. Neither the Placement Committee nor the students have released any specific details to the media regarding the PPO offers and salary details.
We felt compelled to communicate this clarification because as a matter of policy we do not publish individual specific compensation details. These are confidential information and should be respected as such. The number of PPOs received by students is also data which we only share once final placements are over. Further, the Placement Committee has not received any compensation details for the mentioned PPOs from the firm(s).
We would also like to clarify that Times of India has not contacted the Media representative of IIM-A Placement Cell or any other Placement Committee member or the Placement Chair to verify the information they have published. The quote attributed to the Placement Committee member does not carry their name and further discredits the authenticity of this report.
IIMA has this year embraced transparency in reporting salary information as part of the Indian Placement Reporting Standards. We share this information with not just the media but also the general public. However we only share aggregate level data in this report. We do not release specifics of any individual firm’s offer. We understand that placements at IIMA are regularly followed. However we expect reputed newspapers to verify the information that they publish and accredit the quotes that they carry in the article.