ISB grad gets a record Rs 1.18 crore international offer

According to ISB, a graduate has bagged an international offer for a whopping USD 269,000 or Rs1.18crores! The average international salary was also a high USD 135,000 or Rs 59.5 lacs. The average domestic salary at ISB this year was Rs 15.03 lacs, while the highest domestic offer being Rs 43.91 lacs. ISB Dean Dr MR Rao is pleased with the showing. Said Dr Rao, The placement results for 2007 have been outstanding. There has been a sharp increase in the CTC levels. The high CTC levels demonstrate the confidence that companies have in the high quality of the ISBs management talent.

This year 416 students graduating the Post Graduate Programme in Management, of these 414 students participated in the placement process. Over 200 companies visited the campus during the last few months making a total number of 584 offers. ISB had followed a rolling-placement format.The offers poured from a variety of companies and industries. The number of offers from coveted financial services sector more than doubled to 97 offers this year while a large number of offers continued to come from consulting companies. Companies from several new sectors made offers to ISB graduates, namely Real Estate, Oil and Energy, Media, Manufacturing, Microfinance, NGO, Education, Healthcare, etc.

The Indian spirit prevailed at ISB this year. ISB this year saw a large number of students opting for domestic offers. Many ISB students come with international work experience and after a year of learning and exposure to global faculty and management practices, they are keen to develop careers in India, said Ajit Rangnekar, Deputy Dean, ISB. Often, those opting for international offers were observed to be discussing the possibilities of returning to India with the recruiters. Increasingly, job content and location, are becoming top priorities for selecting an offer, added Rangnekar.

Students were also able to make desired career shifts. From the automobile industry to banking, from the transport department to telecom, from being a doctor in the armed forces to a fund financing NGOs, this years placement saw many interesting career shifts. I had learnt and grown a lot during my career in the Shipping industry, I needed to find new challenges. ISB changed my life, I got an excellent opportunity to refresh myself and find a new career that fulfils my ambitions and gives me a completely new perspective, says Vijay Nehra, who has moved from the Shipping industry to an FMCG company.

Another notable development was that a company recruited two groups of students as core management teams to run stand alone businesses. According to ISB, two groups of 4/5 students were recruited together as the core management team for specific projects along with the responsibility of setting up the project from scratch and leading it to become a success. The company has offered students both CTC and even an equity stakes in the project.
On the issue of highest salary offered at ISB, Dean Rao on a cautious note said, We need to take a balanced view of international offers given by multinational companies. I urge everyone to use these figures in the proper context so that potential students may get the correct picture of what they can achieve in a management institution.