The Hindu Business Line : ISB graduates prefer domestic offers

Hyderabad April 10 Five students of ISB's class of 2007 breached the Rs 1-crore salary offers from international jobs while a majority showed a growing preference to corporate assignments in India and emerging sectors such as real estate, media and microfinance.

Out of 584 offers extended to 414 graduates, the highest international offer of cost to company (CTC) was Rs 1,18,70,000 while the highest domestic offer was Rs 43,91,000, Prof M. Rammohan Rao, Dean of the Indian School of Business (ISB), told presspersons here on Tuesday.

Campus Recruitment

About five students, all men, bagged international offers with over Rs 1 crore CTC. The average domestic CTC was at Rs 15,03,000 and the average of international offers stood at $1,35,000. About 9 per cent of students got offers below Rs 10 lakh in the campus recruitment in which 202 firms participated. This includes 45 international companies, which made about 55 offers, Mr Ajit Rangnekar, Deputy Dean, ISB, said.

The 84 women students in the class bagged 117 offers, seven of them got international offers.

Significantly, unlike earlier days when working overseas was a fad, India emerged as the most attractive destination. "Fewer students had applied for international offers and `return to India' was often a part of an international package," Prof Rao said.There had been good interest in the new and emerging sectors and the information technology was no longer the top preference. Consulting took a lion's share of 26 per cent in the total distribution of functions, followed by technology and sales and marketing with 19 per cent and 18 per cent respectively.

"More interesting is the fact that real estate, media education, microfinance, NGOs, manufacturing, oil and energy and healthcare are emerging in the career preferences," he said.

Interest was also being shown in entrepreneurial ventures especially in the case of those who wish to shift their careers to a new field, he added. On the recruitment front too, there were departures from traditional way of hiring individuals. NIIT, for the first time, hired two core management teams of five members each to float new businesses with packages consisting of CTC and equity stake, he said.

Domestic Offer

The happy lot, naturally, are the students. "I am very much excited about the new assignment and look forward to make by mark," Ms Ruchika Kalra from Delhi, who bagged an offer from a leading consulting firm told Business Line.

"There is much happening in India in the corporate sector and I want to make my contribution here as there is no point in going abroad," said Mr Ashroff Baig from Mumbai who preferred a domestic offer to an international one.

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