ISB records 22 percent increase in placement offers

April 6th, 2011 - 7:49 pm ICT by IANS  

Hyderabad, April 6 (IANS) The premier Indian School of Business (ISB) here has registered a 22 percent increase in placement offers this year while the average salary for its graduates has gone up 10-20 percent, its dean said Wednesday.

The business school, ranked among the top 20 in the world, also witnessed a 35 percent growth in international offers.

A total of 310 companies made 661 offers to 552 students who participated in the lateral hiring process that began in January this year. The class of 2011 had 569 students.

For the third year in a row, the ISB has refused to divulge the highest salary offer on the ground that the figure will be distorted and will not give the correct picture of placements.

It released the average 80 percent figure, leaving out the top 10 percent and bottom 10 percent.

The highest cost-to-company (CTC) increase this year was in manufacturing sector. It has gone up from Rs.12.16 lakh in 2010 to Rs.17.32 lakh per year.

CTC is the amount a company spends on an employee in a particular year. For an employee, this is the amount projected by the company as salary, but need not be what is actually received in cash.

The year also proved to be the best for women students in its decade-long history as they recorded a higher CTC increase compared to men.

“The placement season has been outstanding. Both students and recruiters are happy,” ISB dean Ajit Rangnekar told reporters.

The ISB, which has completed 10 years, received the highest number of offers across industry, functions and geographies, he said.

Last year 541 offers were made. The highest number of offers made in the past was 657 in 2008, but it dipped to its lowest (401) the next year due to the impact of the global economic slowdown.

“This year was phenomenal for women students,” said the dean.

Three ISB women students were selected in the global contest for advisors to Pepsi CEO Indra Nooyi. Some others also joined Johnson & Johnson through a global contest.

There were 28 percent women students (160) in class of 2011.

V.K. Menon, senior director for career advancement services, said the number of domestic offers increased by 19 percent while the international offers were up by 35 percent.

As many as 75 international companies from 18 cities across the globe made 84 international offers.

While the number of offers from the US remain unchanged, those from emerging economies like Singapore, Hong Kong and Middle East have gone up, he pointed out.

For the first time there were also offers from Africa. Out of seven offers from that region, the students accepted four.

The year witnessed overall rise in CTC levels across industry segments and functions over the last year. The average outgoing CTC was 2.3 times that of the incoming CTC.

The average incoming CTC is the average the student gets when he joins the ISB and the average outgoing CTC is the average he gets when he graduates. For the women students, this increase was 2.4 times.

The leading sectors for this placement season were consulting (32 percent), IT/ITES (21) and banks and financial institutions (12).

The offers from the consulting sector doubled as compared to last year.

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