Indian School of Business (ISB) recorded a 15 per cent jump in job offers as the final placement process kicked off at the premier Hyderabad B-school on Tuesday. Its students saw a 124 per cent jump in their compensation compared with their pre-ISB salary.
Job offers on Day 1 stood at 1,383, against 1,194 last year, according to an interim progress update by ISB on the ongoing placements for the Class of 2020 of the flagship Post Graduate Programme (PGP) in Management. While the process continues, 85 per cent of the batch has already been placed.
The average CTC of placements stood at Rs 26.15 lakh per annum. PGP candidates have a prior work experience of anywhere between two years and 20 years before enrolling. As many as 231 companies, including 65 first-time recruiters, are visiting the ISB campus for placements this year.
“ISB was established with a vision to create future leaders for India and the world. Companies betting big on India continue to choose ISB as their preferred partner for meeting their talent requirements. With the largest class size in India of 890 students, ISB’s PGP offers a top-quality talent pool. The diversity and experience of the PGP class are the main draws for recruiters," said Rajendra Srivastava, dean, ISB.
Sector-wise, consulting firms are currently leading by making 22.75 per cent of the total offers, followed by those in IT/ITeS (14.93 per cent), e-commerce (11.30 per cent), and BFSI (11.23 per cent). In terms of functions offered, consulting firms are, too, in the lead (23.79 per cent), followed by sales & marketing (15.40 per cent), product management (15.04 per cent), general management/strategic planning (13.09 per cent), and operations (7.52 per cent).
Marquee recruiters from consulting included Accenture, Alvarez and Marsal, AT Kearney, Bain & Company, Boston Consulting Group, Dalberg, Deloitte India, Deloitte USI, E&Y, EY Parthenon, GEP, KPMG, McKinsey & Company, PWC DIAC, PWC India, Roland Berger, Siemens Management Consulting, and ZS Associates. They made a total of 314 offers.
Participating companies from the IT/ITES, e-commerce and technology sectors included ADP, Amazon, Blackbuck, Byju’s, Electronic Arts, Flipkart, Google, InMobi, Media.Net Software Services, Mfine, Microsoft, Myntra, Nagarro Software, Nykaa, Ola, Paysafe, PhonePe, RazorPay, ThoughtWorks, Udaan, Uber, VMWare, and Zomato.
BFSI companies, such as Axis Bank, Citibank, Credit Suisse, Estee Advisors, ICICI Bank, Matrix Partners and YES Bank, too continued to hire in large numbers.