High salaries offered in ISB placements despite pandemic
High salaries offered in ISB placements despite pandemic

Photo Credit: IANS

IANSLive

Hyderabad, March 23 (IANS) Despite the unprecedented global crisis due to Covid-19 pandemic, Indian School of Business (ISB) placements set a new record in terms of CTC.



The average accepted CTC was all-time high of Rs.28.29 lakh during the placement process of the Post Graduate Programme (PGP) 2021 students

A total of 1145 acceptable offers were made by the end of the recently concluded placement week and the average accepted CTC was an all-time high of Rs. 28.29 lakh, an increase of 8.32 per cent as compared to last year's CTC of Rs.26.12 lakhs during the placement week.

The top industries in terms of offers were Consulting, IT/ITES/Technology, BFSI, FMCG/Retail and Pharma/Healthcare. Urban Mobility industry too gave 35 offers reflecting the changed dynamics and growth of the business. Companies from FinTech, EdTech, AgriTech and Gaming showed traction in their hiring from ISB, the top business school said.

"The unprecedented global crisis has given the ISB a new opportunity to reinvent and reorient teaching modules and learning approaches. Team ISB swiftly rose to the occasion and offered the finest and the much-needed pivoting to the students," said Professor Rajendra Srivastava, Dean, ISB.

"The right calibration and future-ready focus on technology and analytics-enabled our students to find their place in key leadership and management positions in various organisations. ISB has always been a repository for the finest aptitude and new skill sets, and this year's placement reiterates this fact," he added.

Almost all the top tier strategy, operation and technology consulting companies made a total of 388 offers cutting across strategy, technology, transactional and operational consulting space

Top Consulting firms included the likes of McKinsey & Company, Deloitte India, Deloitte USI, Accenture Solutions Pvt. Ltd., Bain & Company India Pvt. Ltd., Kearney, PwC, ZS Associates, KPMG, GEP Solutions, Alvarez and Marsal India Private Limited, L.E.K Consulting, Arthur D. Little, Ernst & Young LLP, EVERSANA, Dalberg and Intueri Consulting LLP.

Top private and MNC banks such as ICICI, Axis, Yes Bank, Citibank, Credit Suisse, Barclays, Wells Fargo among others vied for talent from ISB and gave good number of offers. In the investment banking space, Capitel Partners and VC firm Matrix Partners continued its hiring from ISB. This year almost 9.5 per cent of the total offers have come from the BFSI segment. This includes non-BFSI firms hiring for finance roles.

ISB has 40 per cent women students in the cohort, which is among the highest in leading business schools in this part of the world. Women focused hiring programmes such as Citibank's Catalyst and Axis Bank's WE Lead hired women candidates for their senior and middle level leadership positions from ISB. Women candidates made their presence felt across sectors and functions and bagged 24 leadership roles from leading companies.

Marquee names along with startups in the domain of Payment Solutions, Analytics, HealthTech, Education, AgriTech, Retail among others continued robust hiring in Technology and Product Management space from the campus.

Almost a quarter of total offers came from IT/ITES/Technology and E-Commerce space. Some prominent names that hired in this space are Microsoft, Flipkart, Uber, Cisco, Atlassian, RazorPay, Myntra, Ola Electric, Zynga, Electronic Arts, Nykaa, HiLabs, BeatO were among diverse E-commerce and technology companies that continued with their strong presence and offered multiple roles.

Conglomerates such as Reliance and Adani, continued to engage with ISB to fulfill their prestigious leadership/management trainee programs with roles ranging from management trainees to executive assistants to CXOs. Five per cent offers came from pharma/healthcare space. Besides sales and marketing, some of the top FMCG MNCs picked up lateral talent from ISB in functions such as supply chain, operations, strategy, and finance. FMCG / FMCD giants such as HUL, Procter and Gamble, Colgate, ITC, AB InBev, L'Oreal, Samsung continued to repose faith in ISB students.

Reflecting the changed business scenario, ISB executed a complete online placement process. "Average offer yield per company stood at 6.18 which reflect the varied functions that companies hire for and is an indication of continuity of our relationship with recruiters even in uncertain times," the ISB said.

--IANS
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Update: 23-March-2021