ISB tops salary sweepstakes

ISB tops salary sweepstakes

Our Regional Bureau / Hyderabad April 06, 2006

Graduate bags Rs 1.04 crore offer, 21% higher than IIM-Bangalore's.

The Indian School of Business (ISB) has raced past its counterparts in terms of salaries offered to students. The highest salary bagged by one of its students is a whopping $233,800, translating into an approximate Rs 1.04 crore per annum.

This is 29 per cent higher than what the ISB achieved last year and 21 per cent more than the highest figure of $193,000 bagged by a student of the Indian Institute of Management-Bangalore this year.

The student who has bagged this offer is in his mid-30s and has had 10 years of professional experience before he joined the ISB. In his new role, the student will work in Europe.

The ISB declined to divulge the identity of the student and the company that had offered this salary. But, it is an Indian information technology company that has made this offer for an international position.

The average work experience of ISB students is five years. The companies which students worked with, before joining ISB, ranged from Hindustan Lever and BSNL to Infosys and TCS. These include both entry-level and managerial positions.

Announcing the placement results of 2006, M Rammohan Rao, dean of ISB, said,