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ISB gets highest job offers in 10 years




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Address: ISB  graduates bagged 661 offers from 310 companies this year, bettering the previous record of 657 offers made by 230 companies in 2008. Offers this year were 22% higher than the 541 offers made by 346 companies in 2010. The 552 ISB grads who signed up for placements this year also grabbed fatter pay packages. Average salaries, according to ISB sources, shot up by 10-15% this year to hit an average package of over Rs 18 lakh per annum as against Rs 16 lakh per annum in 2010. According to ISB officials, more number of offers being made per company is a clear reflection of the revival in the economy and the fact that companies are now in the expansion mode. However, they refused to divulge details of highest packages saying they had taken a conscious decision to stay away from the numbers game to avoid distortion of perception. According to ISB's senior director (career advancement services) V K Menon, students joining the advertising, media, communications, public relations and entertainment sector bagged the fattest pay cheques averaging Rs 19.25 lakh, followed by consulting at Rs 18.90 lakh, IT/ITeS at Rs 18.06 lakh and infrastructure, construction and real estate at Rs 18.02 lakh. ISB, which follows the rolling placements process that stretches over a couple of months, said international offers shot up 35% to 84 this year, with students being placed in 19 cities across Middle-East, Europe, Asia Pacific, Africa and North America by 75 participating international players. According to ISB officials, more number of offers being made per company is a clear reflection of the revival in the economy and the fact that companies are now in the expansion mode. However, they refused to divulge details of highest packages saying they had taken a conscious decision to stay away from the numbers game to avoid distortion of perception. Participating companies included top rung consulting firms like McKinsey, BCG, AT Kearney, Booz & Company, IT/ITeS players like Microsoft, Google, Facebook, Yahoo!, Amazon, Cognizant and banks like Citibank, HSBC, Goldman Sachs among others. Indian players like Infosys, Hero group, TVS, L&T, Shapoorji & Pallonji, DRL and Apollo Hospitals. Consulting accounted for the largest chunk of offers at 32%, followed by IT/ITeS at 21% and banks and financial institutions at 12%, Menon said, adding that consulting also topped the function-wise offer distribution too at 36% followed by sales and marketing at 20% and finance and general management/strategic planning at 12% each. Participating companies included top rung consulting firms like McKinsey, BCG, AT Kearney, Booz & Company, IT/ITeS players like Microsoft, Google, Facebook, Yahoo!, Amazon, Cognizant and banks like Citibank, HSBC, Goldman Sachs among others. Indian players like Infosys, Hero group, TVS, L&T, Shapoorji & Pallonji, DRL and Apollo Hospitals. Commenting on the placement results, ISB dean Ajit Rangnekar said: "This has been a very heartening placement season for us and resonates with our belief of providing high quality talents on a large scale to addressing the growing demand for business leaders for fueling our growth." Incidentally, five grads opted out of the placement process to enroll in ISB's inhouse entrepreneurship development initiative (EDI). With the Class of 2011, the ISB, which was set up in 2001, now has a network of over 3500 alumni spread across the world. Interestingly, lifestyle players like Louis Vuitton, Luxottica group, which manage top rung brands like Gucci, Ray Ban and Gabbana, as well as Conde Nast made a good number of offers this year. Women grads made their mark on placements this year by outdoing their male counterparts as far as average CTC is concerned. The graduating 160 women grads, who account for 28% strength of the batch, bagged 2.4 times higher average outgoing CTC than the average incoming CTC (in their jobs prior to joining ISB) as compared to the overall batch average of 2.3 times.

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