This article covers the interim placement report for ISB’s Class of 2020

ISB PGP Placement 2020 | Salary Statistics | Dean’s Comment | Class Profile | Major Recruiters | About ISB

Indian School of Business (ISB) on 03rd December 2019 announced an interim progress update on the ongoing placements for the Class of 2020 of the flagship Post Graduate Programme in Management (PGP).

Placement Highlights

This was a nearly 124% increase over the previous year’s figure for the Class of 2019. 

ISB said that there were 231 companies, including 65 first-time recruiters hired from ISB this year. The companies, domestic and international, came up with a total of 1,383 offers. 

As per ISB, they follow a system of ‘Rolling Placements’, a lateral hiring process that is spread over several weeks, giving both recruiters and students time to find their best fit.

Dean’s Comment

Professor Rajendra Srivastava, Dean, ISB said, “ISB was established with a vision to create future leaders for India and the world. Companies betting big on India continue to choose ISB as their preferred partner for meeting their talent requirements. With the largest class size in India of 890 students, ISB’s PGP offers a top-quality talent pool. The diversity and experience of the PGP class are the main draws for recruiters.”

Placement Details

At ISB, Recruiters from a wide range of industries hired the PGP 2020 students such as Consulting, IT / ITES / Technology, E-Commerce, BFSI, FMCG / Retail, Healthcare, Education, Media and Entertainment, Real Estate and Infrastructure, and Global Capability Centres.

In Consulting, the major recruiters were Accenture, Alvarez and Marsal, AT Kearney, Bain and Company, Boston Consulting Group, Dalberg, Deloitte India, Deloitte USI, E&Y, EY Parthenon, GEP, KPMG, McKinsey & Company, PWC DIAC, PWC India, Roland Berger, Siemens Management Consulting and ZS Associates. They hired a total of 314 students between them.

IT/ITES, E-commerce and Technology recruiters were ADP, Amazon, Blackbuck, Byju’s, Electronic Arts,Flipkart, Google, InMobi, Media.Net Software Services, Mfine, Microsoft, Myntra, Nagarro Software, Nykaa, Ola, Paysafe, PhonePe,RazorPay, ThoughtWorks, Udaan, Uber, VMWare and Zomato being among the marquee names and startups that continued to hire from ISB while Bounce, MyGate and Rupeek Fintech, among many others, were the first time recruiters.

BFSI companies in the recruiters list consist of Axis Bank, Citibank, Credit Suisse, Estee Advisors, ICICI Bank, Matrix Partners and Yes Bank continue to hire in large numbers while Investment Banking and Private Equity firms such as American Express, Barclays, Bexley Advisors, Kingfish Private Equity, National Investment and Infrastructure Fund (GOI), RBS, Waterfield Advisors and Wells Fargo came on board this year.

FMCG / Marketing companies accounted for more than 7% of the total offers made: AB InBev, Coca-Cola, Colgate Palmolive, Godrej, HUL, L’Oreal, Nestle, Procter and Gamble and Samsung continued to hire from ISB; ITC and Marico joined the list of recruiters this year.

Hiring for Leadership roles also boosted up with conglomerates such as Aditya Birla Group, Adani, CK Birla Group, Essar, Hinduja, Piramal, Reliance Industries, RPG and Shapoorji Pallonji making offers for roles ranging from Management Trainees to Executive Assistants to CXOs.

International recruiters like Apple(South Asia), Deloitte Middle East, EY Parthenon and Landmark Group hired students with prior international experience for senior management roles.

The hiring of women students also saw an upswing with Axis Bank, along with a host of other companies hiring for leadership roles in good numbers.

ISB PGP Class Profile 2020 (Including Hyderabad and Mohali campuses)

• Number of students 896
• Female 39%
• Male 61%
• Average Age 26.6 Years
• Age Range 22-46
• Average GMAT Score 710
• GMAT Score Range 600-770
• Average GRE Score 325
• GRE Score Range 311-334
• Average Work Experience 4.3 Years
• Work Experience Range 2-20
• Engineering Academic Background  68%
• Non-Engineering Academic Background 32%
• International Passport Holders 14

The PGP class of 2020, at 39%, has the largest-ever representation of women.

Sector-wise Placement

The sectors with the maximum offers are as follows:

Function-wise Placement

The functions with the maximum offers are as follows:

About ISB

The Indian School of Business is a private B-School. ISB was established in 1996 and has campuses in Hyderabad and Mohali. 

The Hyderabad campus came up almost two decades ago in 2001.  ISB has an impressive campus in the bustling IT city of India.

In 2008, the Indian School of Business became the youngest institution to be ranked among the Top 20, in the Global B-school Rankings by the Financial Times, London. 

ISB’s Post Graduate Programme has been ranked #24 in the FT Global MBA Rankings 2019 and #7 in the Forbes Best Business School Rankings 2019.

To know more about ISB PGP please check  ISB PGP I INDIAN SCHOOL OF BUSINESS – COMPLETE GUIDE 2019-2020

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In the academic background, Engineers comprise 67% and others at 33% at the Hyderabad campus. They form 68% of the class with others at 32% in the Mohali campus.

The PGP attracts mid-career professionals from diverse backgrounds such as Technology Consulting, Infrastructure, Supply Chain and Entrepreneurship, Financial Services, Construction, and FMCG, to name a few.

ISB PGP 2020 Class Profile

The Class of 2020 comprises 603 students at the Hyderabad campus and 293 at Mohali, totaling 896.

The gender ratio is 38% female and 62% male at Hyderabad and 39% female and 61% male at Mohali. The average age of the cohort at Hyderabad is 26.63 in the range of 22-43 and 26.7 in the range of 22-46 at Mohali.

The average GMAT score is 710 at Hyderabad in 600-700 range and that at Mohali 708 in 600-770 range. The overall average score is 710 in the range of 600-770.

The average GRE score is 325 at Hyderabad in 311-334 range and that at Mohali 327 in 322-331 range. The overall average score is 325 in the range of 311-334.

In terms of work experience, the cohort in the Hyderabad campus has an average of 4.3 years in the range of 2-20. At Mohali campus too the average and range are the same.

Eight students in Hyderabad and 6 in Mohali are international passport holders.

ISB PGP Program Details

With the program’s focus on creating global leaders in business and society, students are exposed to a variety of learning methods, including team-based learning or individual case studies. As a student, you will be able to choose your own academic gradient, based on your work experience, academic background, and appetite for a challenge.

Key Learning Objectives

The program has five key learning objectives. namely, Critical and Integrative Thinking, Awareness of Global Issues Affecting Business, Effective Oral Communication and Ethical responsibility.

In the first one, Interpersonal Awareness and Working in Teams, each student will demonstrate an ability to work effectively in a team, exhibiting behaviour that reflects an understanding of the importance of individual roles and tasks He or she has to display the ability to manage conflict and compromise, so that the team goals are achieved.

In the second objective, Critical and Integrative Thinking, you should be able to identify key issues in a business setting, develop a perspective that is supported with relevant information and integrative thinking, to draw and assess conclusions.

Awareness of Global Issues Affecting Business is the third objective. You should be able to identify key relevant global factors and also analyze the impact of the global environment on business issues, as compared to domestic factors.

In the fourth objective, each student should be able to communicate verbally in an organized, clear, and persuasive manner, and be a responsive listener.

In the fifth objective, Ethical Responsibility, you should be able to identify ethical issues, understand the impact of a particular issue on various stakeholders and become ethically responsible business managers.

The Core Courses

Core courses are taught in the first three terms. Each core term comprises a full-time course load of 4-5 subjects. These include the basics of finance, strategy, marketing, operations, and IT management. These courses are taught by outstanding resident faculty and faculty visiting from international business schools.

The Electives

The School offers around 80 electives that help students build on their interests. During the last five terms, students can opt to take 17 to 21 elective credits. Term 4 is a cross over term and will be a combination of mandatory core courses plus elective courses.

Registration for the elective courses is through an online bidding process. Courses are combined to offer students six concentrations or majors in Entrepreneurship, Finance, Information and Technology Management, Operations Management, Marketing, and Strategy & Leadership

The Industry specializations offered are in Healthcare, Manufacturing, Public Policy, and Infrastructure.

You should complete six credits of coursework successfully for a concentration area or Industry Specialisation from among the elective courses specified for that specialization. Certain popular elective courses will be offered in more than one term.

The Practicum Courses

In addition to classroom learning, the curriculum integrates applied learning through practicum courses. The School provides avenues where you can apply your learning.

The Experiential Learning Program (ELP) encourages you to work with the industry on real-world business issues. This gives you the chance to apply your learning outside a classroom setting and gain new perspectives on business and major global issues.

It is a live consulting engagement undertaken by students as part of their elective curriculum. The initiative is designed to combine the diverse experience of the students and their deep domain expertise to offer increased value to clients.

The key objective of the ELP is to provide students with the opportunity to work directly with companies in real-time and gain additional hands-on experience. Exposure to cutting edge management research and theory further gives the students a more relevant perspective on real-world business issues.

Students participating in this program are required to prepare a consulting proposal for the client (scope of work, timeline, etc.), make the necessary primary/secondary research and prepare a final report and present findings with recommendations to the client. Many companies also use it as their pre-recruitment exercise.

On joining, all students) go through the Leadership Development Program (LEAD). The three-day LEAD program at ISB is aimed at providing every student with an in-depth understanding of their strengths and areas of improvement so as to develop them into effective leaders.

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ISB Hyderabad / Mohali 1 Year MBA (PGP) 2019 Placements/Packages

Note- this is the full and final report on ISB’s 2019 PGP placements and is an update to the previous story on ISB’s interim placements report for Class of 2019 published by us in December 2018.

Placement Highlights

• There has been a 16% growth in the placement offers compared to the previous year
• 35 students had opted out of the placement process to take up the entrepreneurial path
• The highest domestic package is Rs 1 crore
• In 2019 average CTC of Rs 25.09 LPA is the highest average/packages CTC of any class at ISB so far. The best ISB average packages so far.
• This is more than the Rs 22,13,592 (80% mean) and Rs 22,00,000 (80% median) drawn by the Class of 2018.

ISB Average Packages – Average salary  (Mid 80 percentile offer average) – Past 5 years & current year 

• In 2014, Average Domestic Salary was Rs 18,15,964 
• In 2015, Average Domestic Salary was Rs 19,12,444
• In 2016, Average Domestic Salary was Rs 22,58,273
• In 2017, Average Domestic Salary was  Rs 20,90,211
• In 2018, Average Domestic Salary was Rs 22,14, 684
• In 2019, Average Domestic Salary is Rs 25.09 LPA

The Class of 2018 got 42 offers from 22 international firms that included Arthur D Little Dubai, Cargill, Chemaf, Damac, Siemens and Kalpataru International.

Domain-wise ISB Placement Details

Major Placement Sectors

• Consulting
• IT/ITES
• E-Commerce 
• BFSI 

Top Recruiters

Deloitte, Accenture and Amazon made more than 15 offers.

Amazon, Bain, BCG, Deloitte, Flipkart, Google, HDFC Bank, LEK Consulting, McKinsey, Microsoft, Oyo Rooms, Reliance Industries, Rivigo, Samsung, Uber also had their biggest single-campus placement at ISB.

Barclays, Citibank, Credit Suisse, HSBC, JP Morgan, ICICI Bank and Matrix were the prominent recruiters in the BFSI sector.

Apple, E&Y, GrabTaxi, Li and Fung were the top international recruiters who hired for locations in the Middle East, Hong Kong, North Africa and Singapore

Bizongo, Cars24, Magicpin, Paytm, Shuttl, Swiggy, Udaan.com, and Zomato also were among the major Startups at the Placement.

While the Placement process concluded in April 2019, ISB is yet to post the detailed placement figures on its website. Overall ISB average packages seem pretty good.

Major Recruiters at ISB 2019 PGP Placements

Profile of ISB’s Class of 2019

The Class of 2019 comprised a pool of students drawn from varied backgrounds such as

• Consulting
• Finance
• Marketing
• Technology
• Medicine
• Merchant Navy and
• Defense 

Several students had the experience of working across geographies.

Retaining the philosophy of ‘One school – Two campuses’, ISB’s admission policy, academic calendar, a mix of resident and visiting faculty (from partner schools) and placement policy has continued to remain common for both the campuses in Hyderabad and Mohali.

Students are drawn from a common merit list and assigned to either of the campuses randomly in the ratio of class capacities.

Batch Statistics

• The Class of 887 has 34% women.
• The GMAT mid 80% range was 680 to 750 (Mean 710, Median 710).
• GRE mid 80% was 322 to 331(Mean 326, Median 326).
• The class had 37 students with 8 years and above work experience.
• 202 with 5-8 years work experience
• 361 with 3-5 years work experience
• 287 with up to 3 years work experience.

Class of 2019 – Industries represented

• Consulting 25%
• IT/ITES 17%
• Banks/Financial Services/Financial Institutions 11%
• Manufacturing 9%
• Marketing   7%
• Oil/Energy/Petroleum/Minerals  5%
• Others 7%
• Advt/ Media/ Comm/PR/ Entertainment 3%
• FMCG/ Retail/Consumer Durables 3%
• Govt/ PSUs/ NGOs/ Forces/ Services 3%
• Pharma/ Biotech/ Healthcare/ Hospitals 3%
• Infrastructure/ Construction/ Real Estate 2%
• Engineering 2%
• Education / Teaching & Training 1%
• High Technology/ Electronics/ MFG/Service 1%
• Telecom 1%

Class of 2019 – Functions represented

• 15% from Sales & Marketing.
• 10% from Operations
• 9%  from Finance
• 9% from General Management/Strategic Planning
• 8% from Analytics 
• 8% from Product Development
• 7% from Engineering 
• 7% from Project Management
• 1% each from Business Research and Technology.
• 5% from others

Looking at joining a One Year MBA? Scouring rankings of the best One Year MBA programs is a great way to start your search. Rankings, when they are good, can give you a 360 degree view of a B-School or course on all the important parameters when you are figuring out What MBA to Select?

Outlook’s MBA Ranking should be one such ranking since it comes from a publication known in every household in India. But is Outlook’s ranking accurate?  Let’s find out!

Top 10 Colleges For a One Year MBA Programme 2018-2019

1. IIM, Calcutta
2. XLRI, Jamshedpur
3. Great Lakes Institute of Management, Chennai
4. SPJIMR, Mumbai
5. IIM, Shillong
6. IIT, Chennai
7. DMS, IIT, Delhi
8. IMI, Delhi
9. KJSIMSR, Mumbai
10. SDMIMD, Mysore

B-Schools That Deserve A Top 10 Rank

Indian Institute of Management, Calcutta (IIM C)

Xavier Labour Relations Institute (XLRI), Jamshedpur

SP Jain Institute of Management Research, (SPJIMR) Mumbai

All three B-Schools have had a good track record vis-a-vis the quality of students, infrastructure, international tie-ups, placements and quality of faculty for their One Year MBA and deserve to be ranked among the Top 10 Institutes offering a One Year MBA.

B-Schools That Are Missing From the Top 10

Indian School of Business, Hyderabad 

Indian Institute of Management, Ahmedabad (IIM A) 

Indian Institute of Management, Bangalore (IIM B)

Indian Institute of Management, Indore (IIM I)

Indian Institute of Management, Lucknow (IIM L) 

These are some of the top B-Schools with excellent One Year MBA Programs that are missing from the ranking.

If you came looking for the ranking of India’s best executive MBA programs (part-time programs suitable for people with 10+ years work experience) and not One Year MBA courses (full time courses suitable for people with 5+ years of work experience) – please read Top 10 Executive MBA Programs in India

All these B-Schools have well established One Year MBA Programs with average salaries in placements in the Rs 20-30 lakh/ annum range.

Tier 1 recruiters such as Google, Goldman Sachs &, Deloitte hire from these programs in middle to senior management roles.

These B-Schools are respected not just in India, but have made a mark on respected global rankings.

Indian School of Business is Ranked the No.1 B-School in India for its 1 Year Post Graduate Programme in Management (PGP) as per the Financial Times Global MBA Ranking 2018-2019 while IIM A’s One Year MBA (Post graduate programme in Management for Executives / PGPX) at IIM A is ranked No.2 in the same ranking.

If one looks at the quality of students joining the course,  these B-Schools sit right at the top. Average GMAT scores at these institutes hover around 710-720. 

Outlook mentions that “Various B-schools across India were contacted for participation, among which 145+ B-schools responded and provided their objective data within the stipulated time.”.

In could be possible that these B-Schools have been excluded from the ranking because they did not respond in time/ chose to participate. 

Does this ranking then stand for anything? 

If Outlook’s ranking has excluded top B-Schools since they did not respond, Outlook should clearly say so upfront and inform the reader about which B-Schools were excluded for this reason.

Automatically giving top slots in the ranking to less deserving B-Schools, if that is what has happened here, is misleading.  

Prospective MBA students take these rankings at face value and such a practice would lead them to a wrong decision.  

The Odd Birds in The Ranking

Great Lakes, Chennai, has been awarded Rank 3 for its One Year PGPM program. It is unclear by what standard.

Outlook India’s 2018-2019 Ranking of Top 10 Institutes With One-Year Programmes

Great Lakes’ placements, recruiters base and roles on offer are not comparable to those at the top B-Schools in India. 

The average CTC salary at Great Lakes for the Class of 2018 was Rs 11.21 Lakhs p.a., which is below average for a One Year MBA course in India. The lowest salary for the Class was Rs 8 Lakh p.a.

As we shared earlier in the article, top B-Schools such as ISB and IIM A offering a One Year MBA are able to secure Rs 18 lakh-25 lakh+ avg. salaries for their students. 

Alumni reviews about Great Lakes, Chennai, like most other things on the internet are split between the positive and the negative. The positive reviews talk of good mentors and a great campus, others are very critical and talk of poor placements & dressing up of placement data. 

Some of the reviews are anonymous – this is understandable, as current students who are dependent on the institute for placements would not want to attract the institute’s ire by sharing their views openly under their own name. 

IMI, Delhi, featured at Rank 8, has had a rough ride with its Executive PGDM. 

While the sanctioned intake at IMI is 60, the Class of 2018 consisted of just 10 self-sponsored students (another 6-8 are sponsored by their companies). IMI’s class size has been shrinking steadily over the past years.  

The average class size in a One Year MBA in India course in India is 60-100 students. Some B-Schools such as ISB have a 1000 strong intake for the PGP.

It is clear that IMI’s course has a low demand from students. The ranking awarded by Outlook is therefore surprising.

KJ Somaiya’s Executive PGDM, another school included in the Top 10, has not had a great run either. The placement statistics put up the institute on its website show that the average salary for the Class of 2018 was just Rs 10.7 lakh. 

The Ranking’s Twilight Zone

The inclusion of IIT, Delhi and IIT, Chennai is possibly the most confounding aspect of the ranking. IIT, Delhi offers an Executive MBA (part-time course for executives) – it doesn’t offer a One Year MBA. Similarly, IIT, Chennai offers a 2 Year Executive MBA, it doesn’t offer a One Year MBA at all!

The inclusion of SDMIMD, Mysore in the Top 10 B-Schools for a One Year Programme published in 2018 takes the cake since the first batch of the One Year Post Graduate Certificate Program in Management hasn’t even started as yet!

Outlook’s rankings have had such goof ups in the past. Outlook had included IIM Kozhikode’s 2 Year Executive MBA course in the 2013-2014 One Year MBA ranking. 

What takes the cake is the inclusion of SDMIMD, Mysore in the Top 10!

The institute has announced that the first batch of  its One Year Post Graduate Certificate Programme in Management (PGCM) will start in August 2019.

There is no batch yet, no track record the quality of students who are choosing the course, of placements or of feedback from students on the course quality – and yet, somehow, Outlook has deemed the course worthy of a Top 10 rank! 

See the anomaly on SDMIMD’s website where the the Top 10 Ranking gained in 2018 ranking is showcased next to the course commencement date of August 2019!

SDMIMD’s Rank 10 in Outlook’s 2018 Ranking showcased on the college website – right next to the course’s commencement date in August 2019

Unclear Methodology

Outlook’s MBA Ranking 2018-2019 covers both Two Year MBA Programmes & One Year Management programs. 

The publication has published a detailed methodology for the ranking of the Two Year MBA Programmes, namely – perceptual factors, placements, infrastructure & facilities, academic excellence, selection process, personality development & industry exposure.

The publication has however not mentioned the methodology for ranking B-Schools offering a One Year MBA. 

What do you think? Let us know in the comments below!