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
Tel.: 09394568016
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 COO
o VP – International Marketing
o Head – Marketing
o International Country Manager Designates
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
Tel.: 09394568016
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 COO
o VP – International Marketing
o Head – Marketing
o International Country Manager Designates
