Clarification regarding article in Economic Times dated 24-01-2013

A news article in the Economic Times dated 24th January 2013, titled ‘Who’s paying what this season’ mentions certain details of recruiters at IIM Ahmedabad as well as salaries offered in this recruitment season with the key tagline stating that “Deutsche Bank has given two 1-crore salary offers at IIM-Ahmedabad for its London office”. At this stage, we wish to explicitly clarify, in the interest of the entire community, that this information is completely unsubstantiated. No member of the IIM-A community including faculty, students and the Placement Committee has released information to the media regarding the pre-placement offers or any related salary details.

Given the prevalent unstructured methodology of reporting placement information in Indian B-schools, IIMA introduced the Indian Placement Reporting Standards (IPRS) in 2010 in an effort to bring about transparency in B-school placement reporting. This initiative was taken by IIMA with contributions from various stakeholders like media, recruiters and other B-schools, and has resulted in a comprehensive placement reporting standard. The standard assures the privacy of individual level data but specifies the format for reporting aggregate statistics which would satisfy the information needs of the various stakeholders. The links to the IPRS reports are shared with both the media and the general public and the reports released thus far can be found at http://www.iimahd.ernet.in/iprs/download.php

IIM Ahmedabad, as a matter of policy, does not publish specific compensation data as this information is treated as strictly confidential. Moreover, IIMA views salary as only one of many components that constitutes a job offer on campus. Details of the number of students entering various sectors and functions as well as aggregate compensation related information would be formally published as part of IIMA’s ‘IPRS Report for Final Placements 2013’.

It is of common knowledge that media articles serve as inputs to aspiring students into making career decisions and also serve as indicators for the job market scenario in the country. Given these facts, we expect and urge reputed newspapers to verify the information that they publish and accredit the quotes that they carry in their articles.

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