April 6: The Indian School of Business (ISB) announced the placement results of its 2011 batch and the mood was more ecstatic as this time the ISB alumni companies had turned up for the placement process. In addition to this, the school also saw its students receiving the highest number of job offers in the past ten years. The increase in offers was 22 per cent over the last year. Also, the average salaries went up by around 10-20 per cent to around Rs 18 lakhs as against the last year’s average of Rs 16 lakhs. This year 301 companies made 661 offers to the students. In 2008, the school had witnessed 657 offers from 230 companies. The B-school has, however, refused to divulge the details of the highest salary offered.
Interestingly, the average outgoing CTC (cost to company) for the women from the 2011 class went up by 2.4 times while the average CTC for men in the class rose by 2.3 times. Two of the companies, promoted by alumni, Orkash, a management consulting and high-technology services company, and Loyalty Rewardz, had come for recruiting students. Mr Ajit Rangnekar, Dean, ISB, said that “The companies made seven offers in total out of which, four were accepted.” he said. Mr Ashish Sonal, founder of Orkash said, “It was a pleasant surprise for us that ISB students gave such an overwhelming response to an early stage company like ours.”
There was a 35 per cent increase in international offers, with 83 offers being made by the 73 companies. There was a significant rise in the companies from the developing markets such as Singapore and Malaysia, while offers from the United States remained more or less the same. The leading sectors for this placement season were from consulting, constituting 32 per cent and IT and ITeS accounting for 21 per cent.