ISB Final Placements 2016: Average CTC Up At Rs 21,78,305

Final Placements for the PGP Class of 2016 at Indian Business School’s (ISB) in both its Hyderabad and Mohali campuses saw a 26% rise in offers from E-commerce sector as part of a 16.6% increase in total number of offers.

In sheer numbers, this was the biggest ever batch of 812 students being wooed by 297 recruiters who made the biggest ever 1151 offers. In 2015, 267 companies had made 987 offers.

The average domestic CTC was Rs 21,78,305, an increase of Rs 265,861 over the previous year’s Rs 19,12,444.  Except for a slight dip in 2013 average salary has been rising over the years.

Top consulting firms like McKinsey, Boston consulting Group, EY, Deloitte and KPMG continue to be big recruiters at the School accounting for 19% of the total offers. Altogether, 215 offers were made by 21 companies in this sector.

The E-Commerce sector comprising 18 firms made the second largest number of offers at 180. The companies included Amazon, Bluestone Jewellery, BookMyShow, Flipkart, Myntra, Cleartrip, MakeMy Trip and Quikr.

The placements also saw an increase in senior leadership roles. A total of 74 offers were made for such roles and global leadership programmes. These included several CXO level positions and those made to women students.

Women, who comprise 30% of the class, fared exceptionally well both in terms of offers received as well as roles. Reflecting a trend of recruiting women for strategic roles, several leading companies offered key roles such as Country Head, Country Manager, DGM, EA to CEO and General Manager among others.

Axis Bank alone, which runs its ‘Women Leadership Programme’ at ISB made 30 offers, up from the 18 last year.

The class of 2016 comprised 812 students in the average age group of 27 with work experience of five years. The average GMAT score was 704. A total of 805 students participated in the placements process this year with seven students opting out of the process to start their own ventures,  return to their companies or family businesses.

PROFILE OF CLASS OF 2016

ISB follows the ‘Rolling Placements’ concept – a lateral hiring process spread over several months, giving both the recruiters and the students, time to find their best fit.

During this period, the School also supports and encourages students in their independent search efforts to find their preferred careers. Through these various options, the School aims to provide students with more offers as well as a variety of roles to find their best match.

Technology and technology services firms including Microsoft, Apple, Philips, HCL, Tech Mahindra and Directi came with offers to 5 per cent of the class. E-commerce companies such as Amazon and Flipkart also consolidated their presence and made a total of 180 offers.

In Industry-wise offers, Manufacturing topped with Rs 29,55,194 in 80% CTC range, an impressive increase from Rs 15,83,877 in the previous year. E-commerce followed with Rs 23, 50,075 up from Rs 19,28, 323 in the previous year. Engineering was third with Rs 23,39,926 an increase from previous year’s Rs 20,38,000.

Function-wise offers saw product development top the list at Rs 27,74,845 , followed by operations at Rs 24,46,204 and project management at Rs 22,78,964.