The pall of recession hanging over business schools is also clearing. Hyderabad-based Indian School of Business (ISB), one of the top business schools in India, has seen its placement scenario improve sharply over the last year.
The total number of offers made to students on campus, as well as the average salaries on offer, have both risen. The average salary for this year’s batch is Rs 16.07 lakh per annum. “ISB has registered a 33 per cent increase in the number of offers and 11 per cent rise in salaries offered to its students from the 2010 batch over the 2009 batch,” the educational institute said in a statement.
Out of 568 students in the 2010 class, 552 have participated in the placements and 541 offers were made to them from 346 domestic and international companies. Firms from technology, consulting and finance sectors offered the higher number of jobs to the students followed by pharma, healthcare, infrastructure. real estate, media and energy.
ISB had faced a nightmare on the placement front last year with only 401 offers being made by 326 firms. While the average salary for the students was Rs 15.05 lakh per annum in 2009, it increased to Rs 16.07 lakh per annum this time.
According to sources, “There is 116 per cent increase in job offers from the technology sector, 40 per cent rise in offers from the consulting space and 30 per cent from top ten firms in the finance sector. In the international placements, students were offered global leadership programmes in Italy, Hong Kong, Germany and Singapore in aviation, IT, agribusiness and luxury goods sectors.”
Apart from the regular stream of employers, the green energy sector too evinced interest in recruiting ISB students.
Mr Ajit Rangnekar, the dean of ISB, said in a statement, “I am humbled by the confidence that companies have reposed in us this time by choosing ISB students.”