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| home > Highlights of Class of 2006 |
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| The Indian School of Business recorded a fifth consecutive year of extremely successful placements. The ISB significantly raised the bar on several factors this year, including a number of domestic and international offers made, as well as average and highest salaries offered in INR and USD. |
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| Particulars |
Numbers |
| Class Size |
345 |
| Average Age |
27 Years |
| Average Work Experience |
5 Years |
| Total number of participating students |
327 |
| Total number of companies that participated |
143 |
| Total number of offers |
442 |
| Highlights |
2006 |
% increase over 2005 |
| Highest International salary |
USD 2,33,800 |
29% |
| Average International salary |
USD 1,20,700 |
21% |
| Highest Indian salary |
INR 30,33,500 |
44% |
| Average Indian salary |
INR 11,77,000 |
18% |
| Highest International salary for a woman student |
USD 2,23,400 |
81% |
| Highest domestic salary for a woman |
INR 20,03,200 |
14% |
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The Indian School of Business (ISB) has scripted a new success story with placements touching new highs for the Class of 2006. Four ISB graduates have bagged offers that have broken the USD 2,00,000 mark. While the highest salary offer recorded at the ISB is USD 2,33,800 (Rs.1.04 crore approx.), the average international salary at USD 1,20,700 (Rs.53,50,000) is a 21% jump over 2005. On the home turf, the highest domestic salary at the ISB this year stood at Rs.30,33,500 while the average Indian salary is Rs.11,77,000, reflecting an increase of 18% from last year.
The highlight of the placements was that the highest salary offer of USD 2,33,800 (Rs.1.04 crore)
was made by an Indian company.
The ISB Class of 2006 has 345 students, of which 327 participated in the Placements Process and over 143 companies visited the ISB for recruitments this year. The year also saw some new names like EDS, Tishman Speyer, and others recruiting for the first time in India and at the ISB.
Professor M Rammohan Rao, Dean, Indian School of Business, said, “I am happy to see that our students have performed well. Our
endeavour has been to groom talent that can take on the challenges that the corporate world present in India and globally, and it is gratifying to see that leading companies recognise the strength of our students. I would like to wish my students the very best as they step out of ISB.” |
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| Compensation: A Comparision |
| Indian CTC (INR) |
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2005 |
2006 |
| Average |
1001000 |
1177000 |
| Highest |
2110000 |
3033500 |
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| International CTC (USD) |
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2005 |
2006 |
| Average |
100000 |
120700 |
| Highest |
181000 |
233800 |
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Women students at ISB break the glass ceiling
The ISB has always encouraged the enrolment of women students into its management programme. Women students in the Class of 2006 represented 19% of the total Class this year. The Class of 2006 saw all its women students participating in the Placement Process. The highest offer made to a woman this year is USD 2,23,400 (Rs.1.01 crore). The top domestic offer for women students is Rs.20,00,000 while the average salary is Rs.9,89,000. What is significant is the fact that of the four students who bagged the USD 2,00,000-plus salary offers, two are women, who have been offered Global Leadership positions.
Shilpa Bajoria, Class of 2006 said, “We received a lot of encouragement at the ISB. My stint here has offered me an ideal platform to move on to a leadership role. I am very excited at the avenues which have opened up for me.”
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Percentage of women Students in the Class of 2006 |
19% |
| A. Women: Salary (Domestic) |
| Average |
989700 INR |
| Highest |
2003200 INR |
| B. Women: Salary (International) |
| Average |
135078 USD |
| Highest |
223400 USD |
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The lure of India and the Indian companies
Indian companies raised the bar significantly making exciting job offers to the ISB students both in terms of salary and job profiles.
An interesting trend that was witnessed this year at the ISB was that an increased number of students have chosen to opt for domestic offers over international offers.
Yashraj Erande, Class of 2006, said, “I was offered a very interesting job by a US based technology company. But I knew I wanted to be closer home, working in the increasingly challenging and versatile business environment, and hence I chose a job offer which gave me a chance to play a pivotal role in India.”
Media emerges as a hot sector
While the regular recruiting companies -- Consulting, IT, FMCG,
and Banking & Financial Services elicited a lot of enthusiasm from the participating students, Media companies for the first time made a mark at the ISB this year. Several ISB students opted for jobs with various media companies including ABP, GBN, and RPG Saregama.
Kartik Ramakrishnan , an ISB student who accepted a media offer, said, “I received two offers–a consulting offer, and an offer to help set up an FM Radio Channel. Although, consulting was what I had always wanted to go for, the radio offer is hard to come by straight after B-school. It was a golden opportunity to implement all that I have learnt at the ISB. In fact, it was a trade-off for me as the consulting offer was higher paying, yet I chose the one in the media.” |
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ISB students make it to the top
The ISB students have been offered several senior management positions such as COO, VP-International Marketing, Head-Marketing, International Country Manager Designates, and others, from leading domestic and international companies. This is a clear indication that companies have given due recognition to both the students’ prior work experience and the ISB’s efforts in grooming them for senior positions.
Dramatic Career Shifts
Several cases of students who came to the ISB looking for a change in their career after several years of work experience and successfully making career shifts were witnessed this year. Some of the dramatic career shifts include: A student who after several years of owning a detective agency has been offered a Vice President-International Marketing position of a leading healthcare company; an Indian Navy serviceman of several years has also now opted for a job in the healthcare services sector. Other interesting instances of career shift are: a doctor becoming a consultant; a shipping industry professional moving to real estate consulting and several others.
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Remarkable career shifts |
| From |
To |
| Indian Navy |
Health Care Industry |
| Indian Railways |
IT Industry |
| Doctor |
Consulting |
| Shipping Industry |
IT Industry |
| Indian Airforce |
Automobile Industry |
| Shipping Industry |
Real Estate Management |
| NGO |
IT Industry |
| Manufacturing |
BPO |
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It’s not all about money
More than 30 students at the ISB have declined high salary packages in their quest for taking up jobs that find the ‘best fit’ for them. Many students declined lucrative offers and chose better job profiles. Differentials ranged from Rs.3,00,000 and went up to about Rs.26,00,000 depending upon whether the offer rejected was a domestic one or an international posting with a dollar salary. This is a demonstration of the economic confidence that Indians are beginning to feel.
This year’s recruitments at the ISB are proof of the ISB edge and reflect how ISB graduates are being treated at-par with the world’s best by both Indian and global companies. |
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