23 Mar 2021 23:45 IST

ISB placements: 8.3 per cent increase in CTC this year

A total of 1,145 offers were made and the average accepted CTC stood at ₹28.29 lakh

The postgraduate students of Indian School of Business (ISB) have made a mark in placements this year with an 8.32 per cent increase in average accepted Cost to the Company (CTC) at ₹28.29 lakh as against ₹26.12 lakh in the previous year.

“The unprecedented global crisis has given 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 Rajendra Srivastava, Dean, Indian School of Business (ISB) said in a statement issued.

A total of 1,145 acceptable offers were made by the end of the recently concluded placement week. The top industries in terms of offers were consulting, IT/ITES/Technology, BFSI, FMCG/Retail and pharma/healthcare. The urban mobility industry, too, gave 35 offers reflecting the changing dynamics in business. Companies from fintech, edtech, agritech, and gaming showed traction in their hiring at ISB.

Consulting

Almost all the top tier strategy, operation and technology consulting companies made their presence felt and made a total of 388 offers cutting across strategy, technology, transactional and operational consulting space — indicating high number of opportunities available for students who wish to make a beginning in consulting companies immediately post ISB.

Top consulting firms included the likes of McKinsey & Company, Deloitte India, Deloitte USI, Accenture Solutions Ltd, Bain & Company India 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.

BFSI sector

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 from ISB. The roles that ISB graduates landed were as diverse as corporate finance, treasury, private banking, investment management, investment banking, and fintech, among others.

ISB has 40 per cent women students in the cohort. 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 bagged 24 leadership roles from leading companies.

Marquee names along with start-ups in the domain of payment solutions, analytics, healthtech, education, agritech, retail among others continued robust hiring in the technology and product management space from the campus.

IT and e-commerce

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, and BeatO and offered multiple roles — product, sales, project management, strategy and operations within the tech space.

Conglomerates such as Reliance and Adani, continued to engage with ISB to fulfil their leadership/management trainee programmes with roles ranging from management trainees to executive assistants to CXOs. 5 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.

Placement process

ISB executed a virtual placement process.The high-volume, multi-layered, placement process has elicited overwhelming response from the companies. Average offer yield per company stood at 6.18.

The B-school follows an integrated system of placements process for its two campuses in line with its core tenet of ‘One-School Two Campuses’ philosophy.