|
ISB
Achieves Its Best Ever Placements Results
- Highest
salary offer crosses the magic figure of Rs.1 crore
- Women
graduates break the glass ceiling
Hyderabad,
April 5, 2006: The Indian
School of Business (ISB) has scripted a new success story with
placements touching new highs for the Class of 2006. Four ISB graduates
have bagged offers that have broken the
USD 200,000 mark. While the highest salary offer recorded at the ISB is USD
233,800 (Rs. 1.04 crore approx.), the average international
salary at USD 120,700 (Rs 53.5 lakhs) is a 21% jump over 2005. On the
home turf, the highest domestic salary at the ISB this year stood at Rs.
30.33 lakhs while the average Indian salary is Rs.11.77
lakhs, reflecting an increase of 18% from last year.
The
highlight of the placements was that the highest salary offer of USD
233,800
(Rs.
1.04 crore) was made by an Indian company. With the
economy booming, this year saw a large number of Indian companies
recruiting from the ISB.
The
ISB Class of 2006 has 345 students, of which 328 participated in the
Placements Process and over 145 companies visited the ISB for
recruitments this year. The year also saw some new names like EDS,
Tishman Speyer, and others recruiting for the first time in India and at
the ISB.
Speaking
on the occasion, Professor M Ramohan Rao, Dean, Indian School of
Business, said, ““I am happy to see that our students have performed
well. Our endeavour has been to groom talent that can take on
the challenges that the corporate world present in India and globally,
and it is gratifying to see that leading companies recognise the
strength of our students. I would like to wish my students the very best
as they step out of ISB.”
Women
students at ISB break the glass ceiling
The
ISB has always encouraged the enrolment of women students into its
management programme. Women students in the Class of 2006 represented
19% of the total Class this year. The Class of 2006 saw all its women
students participating in the Placement Process. The highest offer made
to a woman this year is USD 223,400 (Rs.1.01
crore). The top domestic offer for women students is Rs
20 lakhs while the average salary is Rs.9.89
lakhs. What is significant is the fact that of the four
students who bagged the USD 200,000-plus salary offers, two are women,
who have been offered Global Leadership positions.
Shilpa
Bajoria, Class of 2006 said, “We received a lot of encouragement at
the ISB. My stint here has offered me an ideal platform to move on to a
leadership role. I am very excited at the avenues which have opened up
for me.”
The
lure of India and the Indian companies
Indian
companies raised the bar significantly making exciting job offers to the
ISB students both in terms of salary and job profiles.
An
interesting trend that was witnessed this year at the ISB was that an
increased number of students have chosen to opt for domestic offers over
international offers. Yashraj Erande, Class of 2006, said, “I was
offered a very interesting job by a US based technology company. But I
knew I wanted to be closer home, working in the increasingly challenging
and versatile business environment, and hence I chose a job offer which
gave me a chance to play a pivotal role in India.”
Media
emerges as a hot sector
While
the regular recruiting companies -- Consulting, IT, FMCG, and Banking
& Financial services, etc -- elicited a lot of enthusiasm from the
participating students, Media companies for the first time made a mark
at the ISB this year. Several ISB students opted for jobs with various
media companies including ABP, GBN, and RPG Saregama.
Kartik
Ramakrishnan, an ISB
student who accepted a media offer, said, “I received two offers–a
consulting offer, and an offer to help set up an FM Radio Channel.
Although, consulting was what I had always wanted to go for, the
radio offer is hard to come by straight after B-school. It was a
golden opportunity to implement all that I have learnt at the ISB.
In fact, it was a trade-off for me as the consulting offer was higher
paying, yet I chose the one in the media.”
ISB
students make it to the top
The
ISB students have been offered several senior management positions such
as COO, VP-International Marketing, Head-Marketing, International
Country Manager Designates, and others, from leading domestic and
international companies. This is a clear indication that companies have
given due recognition to both the students’ prior work experience and
the ISB’s efforts in grooming them for senior positions.
Dramatic
Career Shifts
Several
cases of students who came to the ISB looking for a change in their
career after several years of work experience and successfully making
career shifts were witnessed this year. Some of the dramatic
career shifts include: A student who after several years of owning a
detective agency has been offered a Vice President-International
Marketing position of a leading healthcare company; an Indian Navy
serviceman of several years has also now opted for a job in the
healthcare services sector. Other interesting instances of career shift
are: a doctor becoming a consultant; a shipping industry professional
moving to real estate consulting and several others.
It’s
not all about money
More
than 30 students at the ISB have declined high salary packages in their
quest for taking up jobs that find the ‘best fit’ for them. Many
students declined lucrative offers and chose better job profiles.
Differentials ranged from Rs. 3 lakhs and went up to about Rs. 26 lakhs
depending upon whether the offer rejected was a domestic one or an
international posting with a dollar salary. This is a demonstration of
the economic confidence that Indians are beginning to feel.
This
year’s recruitments at the ISB are proof of the ISB edge and reflect
how ISB graduates are being treated at-par with the world’s best by
both Indian and global companies.
About
the ISB
The
Indian School of Business is a research-oriented independent management
institution that grooms future leaders for India and the world. Its
association with the Kellogg School of Management, The Wharton School,
and London Business School make it one of its kind in Asia. The School
offers a one-year Post Graduate Programme; short-duration, high-powered
Executive Education programmes for CEOs and senior executives; and a
two-year Research Fellowship Programme. The origins and distinctive
research of our faculty members ensure that our programme content is
contemporary and global in its perspective, and develops our students’
understanding of modern management opportunities and challenges.
For
more information, please contact:
Bhuvana
Ramalingam, Director
- Communications, Indian
School of Business
Fact
Sheet – Placements 2006
Salary
·
Record
International salary
: USD 233,800 ( INR 1.04 crores)
·
Average International salary
: USD 120,700 ( INR
53.5lakhs)
·
Highest
Indian salary
: INR 30.34 lakhs
·
Average Indian salary
: INR 11.77 lakhs
Placement
Statistics for Women
Percentage
of Women Students in the Class of 2006
: 19%
·
Highest International salary for a woman student
: USD 223,400
·
Highest
Domestic salary for a woman student
: INR 20 lakhs
·
Average
salary for a woman student
: INR 9.89 lakhs
Percentage
up in Highest Salary over 2005
International
:
29%
·
Indian
:
44%
Offers
Total
number of offers
:
425
·
Number of Lateral offers
:
424
·
Number of International offers
:
42
·
Number of Indian Offers
:
383
Placements
Summary
Total
number of companies that participated in the Placement process :
143
·
Total number of students participating in the Placement process
: 328 out of 345
Leadership
Positions in companies o
|
