MICA Shela Ahmedabad Answered Questions

The highest package offered to the 2024 passing-out batch was INR 35.50 LPA. However, in 2022 the highest package was comparatively higher and the amount stood at INR 36 LPA. Take a look at the table below depicting the highest package trends from MICA Ahmedabad placements 2022 to 2024:Particulars202220232024Highest packageINR 57.52 LPAINR 36 LPAINR 35.50 LPA

MICA cutoff is prepared on the basis of multiple factors. MICA Merit List Preparation is a four step process as stated below:Step 1: Psychometric test) is the first step which is a qualifier.Step 2: Those who qualify through Psychometric test , their relative performance of CAT/ XAT/ GMAT entrance exam is considered. A minimum cutoff of the best of three scores of any of CAT /XAT total percentile/ GMAT score will considered. Step 3: Those who qualify based on the CAT/XAT/GMAT performance, their MICAT scores will be assessed.Step 4: Candidates who appear in GE and PI must be recommended by majority of the panellists of PI to be considered for the final merit list

The institute has released the summer placement details for PGDM/ PGDM (C) for batch 2022-24. As per the report, 100% of students received summer placements. The detailed insights of MICA Ahmedabad summer placements 2022-24 are as follows:ParticularsStatistics (Batch 2022-24)Placement rate100%Students appeared202Median stipendINR 1.45 Lakh for 2 monthsthe highest stipendINR 4.40 Lakh for 2 monthsAverage stipendINR 1.54 Lakh for 2 monthsAverage stipned of top 25 reachedINR 3.21 Lakh for 2 monthsCompanies participated70+Popular recruitersAmul, HDFC Bank, HUL

During 2023 placements over 70 companies from diverse sectors participated in hiring the MBA batch. In 2022, the number of recruiters was more than 70. However, in 2021, the institute witnessed the highest count of recruiters in comparison to the past three years (2021 to 2023). The following table mentions the number of recruiters that participated in MICA Ahmedabad placements over the past three years:Particulars202120222023No. of companies100+70+70+

The MICA admission process consists of several selection rounds. MICA cutoff 2024 is based on the final composite score which is created based on the following weightage:CriteriaWeightage (%)CAT/ XAT/ GMAT 20MICAT30GE20PI30For more information regarding MICA cutoff 2024, click here.

The highest stipend offered during summer placements for batch 2022-24 was INR 4.40 Lacs for 2 months and was made in the FMCG sector. Further, the highest average stipend stood at INR 1.96 Lacs for 2 months was also offered in the FMCG sector. The following table showcases the sector-wise stipend amount for MICA Ahmedabad summer placements 2022-24:SectorsHighest Stipend (Batch 2022-24)Average Stipend (Batch 2022-24)Analytics, BFSI & ConsultingINR 2.40 lakhINR 1.48 lakhFMCDINR 2 lakhINR 1.28 lakhFMCGINR 4.40 lakhINR 1.96 lakhIT/ ITESINR 3 lakhINR 1.65 lakhMedia & AdvertisingINR 3 lakhINR 1.17 lakhOthersINR 3 lakhINR 1.53 lakhNOTE: The highest and average stipends mentioned above are for two months. 

The institute has persistently recorded a 100% placement rate over the past three years. During MICA placements 2024, over 195 appeared for the recruitment process. Furthermore, the highest and average packages offered were INR 35.50 LPA and INR 19.21 LPA, respectively. Check the complete insights of MICA placements 2024 from the table below:ParticularsPlacement Statistics (2024)Average packageINR 19.21 LPAAverage package of top 50 reachedINR 26.61 LPAAverage package of top 25 reachedINR 29.90 LPAAverage package of top 100 reachedINR 23.12 LPAHighest package INR 35.50 LPAMedian package INR 18 LPAStudents appeared for placements 195Placement rate 100%

FMCG appeared to be the most preferred sector among the MBA batch 2022-24 with 38 offers attracted in this sector. The second in the sequence were the FMCD and Analytics, BFSI, and Consulting sectors with 35 offers made in each. The sector-wise number of offers made during MICA Ahmedabad placements 2024 are mentioned below: SectorNo. of Offers (2024)Analytics, BFSI, and Consulting35IT/ ITES25Others31FMCG38Media and Advertising32FMCD35NOTE: The sectors involved in the 'Others' category are not disclosed.

The MICA highest package for the MBA batch 2022-24 was offered in the FMCG sector. The second highest package was offered in the IT/ ITES sector. Tabulated below are the sector-wise highest packages details offered during MICA placements 2024:SectorHighest Package (2024)Analytics, BFSI, and ConsultingINR 29.04 LPAIT/ ITESINR 31.75 LPAFMCGINR 35.50 LPAOthersINR 23.13 LPAFMCDINR 27 LPAMedia and AdvertisingINR 29 LPANOTE: The sectors involved in the 'Others' category are not disclosed.

The institute has released the sector-wise average package for the MICA Ahmedabad placements 2024, which are as follows:SectorAverage Package (2024)Analytics, BFSI, and ConsultingINR 19.92 LPAFMCGINR 18.30 LPAFMCDINR 21 LPAIT/ ITESINR 21.07 LPAOthersINR 16.67 LPAMedia and AdvertisingINR 16.25 LPA