The campus offers for students of Indian School of Business (ISB) have gone up by 22 per cent this year compared to last year. Consulting and IT firms were the biggest hirers with 32 and 21 per cent of offers.
The average annual salary had also gone up by 10-15 per cent compared to last year, Mr Ajit Rangnekar, Dean, ISB, told newspersons here. The total number of offers for the Class of 2011 who graduated on April 2 stood at 661 for a pool of 552 students.
For 2009 and 2010, ISB had seen less number of offers than the number of students and some of them remained unemployed by the time of graduation unlike previous years.
“This was the highest-ever number of offers for ISB students from 310 companies, including 74 international corporates, who hired our students for overseas assignments,” Mr Rangnekar said.
There were 84 international offers from all major geographies, including Africa, which participated in ISB for the first time.
SALARY
While not disclosing the highest salary offer bagged by ISB graduates nor the sector from which it came, the Dean said the average salary for outgoing students was 2.3 per cent higher than what they were drawing at the time of joining ISB (ISB only takes candidates with work experience).
However, manufacturing sector had shown good increase in salary offers if one goes by offers made to mid 80 per cent of students (excluding to top 10 per cent and bottom 10 per cent). “For instance, this had gone up from Rs 12.16 lakh to Rs 17.32 lakh in 2010 and 2011 respectively,” Mr V.K. Menon, Senior Director, Career Advancement Services, ISB, said.
The average compensation for 160 women students in the class was also higher than the class-average.
MAIN INDUSTRIES
A major chunk of students – 32 per cent – have received offers in the consulting industry, followed by 21 per cent in information technology and 12 per cent in banks/financial institutions. For the first time, ISB alumni, who had set up their own companies, had also started hiring from campus this year.