Rs 22 Lakh Average Salary at ISB Final Placements 2017

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Final Placements at the Indian School of Business (ISB) saw an average salary offer of around Rs. 22 lakh for the PGP Class of 2017 that also recorded a 39% increase in the number of recruiters.

More than 400 companies, domestic and international, had come up with a total of 1,113 offers to students during this placement season, the school said in a release. Last year, 297 recruiters had made 1151 offers.

The 903-strong batch at ISB’s Hyderabad and Mohali campuses managed to get a slight raise in average salary that was pegged at Rs 21,78,305 last year. In fact, but for a slight dip in 2013, the average salary has been rising over the years.

This placement season also witnessed an increase in offers of leadership roles. More than 70 offers came from the corporate sector including Aditya Birla Group, Citibank, Yes Bank, Philips India Ltd, Tech Mahindra, MAX, Mytrah Energy and Genpact.

New recruiters included Jones Lang LaSalle, Havells, Revigo, P&G, Lending kart, Reliance Jio, Mindtree Consulting, L’ Oreal, Bain & Co and Roland Berger. Others including McKinsey & Co, BCG, Parthenon, AT Kearney, Apple, Microsoft, Citibank, Novartis, Siemens, Amazon, Cognizant, Hindustan Unilever Ltd., maintained their old relationship with the school.

For the second consecutive year, Andhra Pradesh State Government came up with a total of 21 offers. The students were the preferred choice for several public advocacy and strategy roles. For the first time, they were chosen for roles of Executive Assistants to District Magistrates. Other roles offered were in the areas of Fin-Tech, Textiles, Tourism, and Infrastructure among others.

This placement season also witnessed an increase in offers of leadership roles. More than 70 offers came from the corporate sector including Aditya Birla Group, Citibank, Yes Bank, Philips India Ltd, Tech Mahindra, MAX, Mytrah Energy and Genpact.

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Axis Bank, which runs its ‘Women Leadership Programme’ at ISB, made 30 offers, up from 18 last year. For the third year, the Bank offered roles across Treasury, Corporate Finance, Retail and Consumer Banking. Ashok Leyland marked its debut at the placements appointing female graduates for leadership positions across Product, General Management and Strategy.

Several international companies, aware of transnational work experience of ISB students, offered senior management positions across locations such as Germany, Switzerland, Ireland, Abu Dhabi, Tokyo, Japan and Singapore. Newcomer recruiters in this sector included Cargill, Apple, Coty Inc, Landmark Group, Baycurrent and Credit Access Asia.

IT/ITES sector at 21% made the maximum offers closely followed by consulting at 20%. BFSI and Healthcare & Pharma came next in wooing the 903 students.

The School follows an integrated system of ‘Rolling Placements Process’ which is a campus neutral, lateral hiring process spread over several months allowing students and recruiters an equal opportunity to interact with each other and find their desired fit. It also supports and encourages students in their independent search efforts to find their preferred careers till the placements season concludes.

In addition to its students, ISB alumni also continue to do well beyond graduation. It has been ranked number one amongst the top 30 global B-Schools, for a 160 % increase in salary of its alumni, three years after completion of the programme, as per the Financial Times Global MBA rankings 2017.

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