HYDERABAD: It was offers galore, both national and international, for the Class of 2011 at the prestigious Indian School of Business (ISB). The highest-ever offers of 661were received during the campus placement with an average of 10-15 per cent increase in the salary compared to last year.
Announcing the placement results at a press conference here on Wednesday, Ajit Rangnekar, Dean of ISB, and V.K. Menon, Senior Director, Career Advancement Services, described it as a “great placement season” with the students and recruiters being happy. While 552 of 569 students participated in the rolling placement process, the number of companies which took part was 310. Offers from international companies grew by 35 per cent as 85 were received from 73 companies located in the Middle East, Europe, Asia-Pacific, Africa and North America.
The overall increase in salaries witnessed across industry segments and functions was 2.3 times, compared to the time when the students joined the ISB. The leading sector was consulting (32 per cent), followed by IT/ITeS (21 per cent), banks and financial institutions (12 per cent). For the first time since its inception a decade ago, the recruitment saw hiring by ISB alumni as well. Eight students were hired by two companies—Orkash, a strategic consulting firm and Loyalty Rewards—a customer rewards company.
Pointing out that ISB as a policy for the last three years was not disclosing the highest salary, Mr. Rangnekar said that barring the top 10% and the bottom rung of 10%, in the middle 80 per cent segment, the salary per annum for instance went up from Rs.15.33 lakh last year to Rs.19.25 lakh in the fields of advertising/media/communication/PR and entertainment. Similarly, in the manufacturing sector, it increased from Rs.12.16 lakh last year to Rs.17.32 lakh.
An interesting feature this year was the phenomenal success of women students, Dr. Rangnekar added. He said some of them were hired by Pepsi and Johnson & Johnson. Incidentally, the class had 160 women students and their average outgoing CTC was 2.4 times the average incoming compensation and higher than the average of the Class of 2011.
Source : The Hindu