The recently concluded final placement for the eighth batch (2014-15) of Post Graduate Programme for Executives for Visionary Leadership in Manufacturing (PGPEX-VLM) at Indian Institute of Management Calcutta witnessed a number of management consulting, e-commerce and manufacturing companies making a beeline for the graduating students.
The PGPEX-VLM, with dual accreditation of AACSB and AMBA, is a unique programme that aims to create visionary leaders to enhance competitiveness of Indian manufacturing industry. This programme is jointly conducted by three reputed institutes, namely, IIM Calcutta, IIT Kanpur, and IIT Madras. The programme has an international dimension in the form of the students taking 2–3 weeks of industry visit in Japan to study Best Manufacturing Practices under the aegis of Japan International Cooperation Agency (JICA).
The management consulting firms led the way in terms of the total number of offers made to the candidates followed by automotive, e-commerce, manufacturing, operations, supply chain and real estate –ensuring 100% placement for the batch of 38 students (of which three were sponsored, three on study leave, one opted out of placements) with total 40 offers.
Among the recruiters this year we saw the likes of Flipkart with the largest number of offers for their supply chain function, Accenture, Atos Origin, CGN, L&T, Daimler, Outotec, Ford, Snapdeal, Hero Motocorp, TCS, ACC, TVS Motors, KPMG, Wheels India and Marvel Realtors. Average salary for the batch is Rs 16.72 lakh and the highest is Rs 22.5 lakh a year. Compared to last year’s average salary of Rs 14.75L p.a, there has been a significant increase of 13%.
Commenting on the placement, Prof. Partha Priya Datta, chairperson, PGPEX-VLM, said, “Placement performance of PGPEX-VLM for the graduating batch of 2015 has been excellent. Average salary has increased 13% over last year. In fact, this year we saw increased interest in our programme from global majors such as Rolls Royce, Airbus through offer of internships to our students. The programme is unique in Indian context considering the multidisciplinary academic curriculum delivered at three prestigious institutes (IIM Calcutta, IITs at Kanpur and Madras) in three parts of India. Apart from classroom lectures, students also get the chance of interacting with industry leaders collaboration with JICA. And it is this combination of academics and real world practice makes our PGPEX-VLM graduates succeed in securing placement in world renowned companies.”
The programme creates an effective learning environment through an industry relevant curriculum that prepares the students for addressing tomorrow’s challenges in manufacturing. In this one year programme, students go through multidisciplinary courses in technology and management offered by world class resources at IIM Calcutta, IIT Kanpur and IIT Madras. Increasing proximity among VLFM alumni, industry and academia is considered to be an important aspect of the programme. The programme aims to develop leadership and management skills, besides providing an impetus to cutting edge technology awareness and proficiency.
“In an effort to enhance the continuing industrial interface of the programme, we started building relationship with global majors as RR and Airbus beyond industry lectures. RR and Airbus offered challenging sourcing projects to our graduating batch students last year. This year talks are also on to increase their engagement with the programme,” Dutta said.