The Hindu Business Line : More ISB grads bag global placements

Graduates of Indian School of Business (ISB) are going global in larger numbers now if the placements for the year are any indication. Around 111 students got offers from 50 multinational companies to work in 23 cities across all continents.

Compared to last year, the number of international offers doubled this time from industries such as consulting, manufacturing, real estate and information technology, Mr M. Rammohan Rao, Dean, ISB, told newspersons here on Wednesday.

CTC goes up

Ms Savita Mahajan, Associate Dean and in-charge of placements, said the average Costs to the Company (CTC) offered to ISB graduates, too, had gone up. The average international CTC was $1.44 lakh a year compared to $1.35 lakh last year, while the average domestic CTC surged to Rs 19 lakh a year (Rs 15 lakh).

“As a policy, we desist from giving highest/lowest CTC. The growth in the average international and domestic CTC should be seen in the context of a large number of 415 students who participated in the placements programme,” she said. The Class of 2008 has 422 students, out of whom 12 students preferred to start their own ventures or return to their family businesses.

Four new companies, a medical coding KPO, nanotech for broadband, biotech research outsourcing and financial analytics and consultancy were set up by the students.

For women, who comprised 25 per cent of total students, the average incoming CTC was Rs 5.18 lakh a year, while the outgoing CTC was Rs 16.44 lakh, she said.

CAREER SHIFTS

The Hyderabad-based business school had set a record in career shifts with 81 per cent of the 415 students making significant career shifts. “Out of 81 per cent, 50 per cent were shifts both in function and industry, 21 per cent were only in function and remaining 10 per cent were in the industry,” she explained. About 74 per cent of the software engineers opted for new careers.

Industry-wise. 44 per cent of offers came from consulting, 22 per cent from financial services and 17 per cent from manufacturing. Over 230 companies had participated in the campus placements this year.

“We are happy with the increasing global acceptance of ISB. Learning here made a big difference for us,” said Mr Anand Agarwal, President of Students’ panel on placements.

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