ISB experienced a decent placement season
The Indian School of Business (ISB) secured 541 offers, including 65 international, from 346 companies for its batch of 2010, which graduated in April. The placement season has been extended for the batch till June as part of its rolling placement system (RPS) to give more time for companies and students to find the right match.
The average domestic cost to company (CTC) has reached Rs 16.7 lakh, up 11 per cent from Rs 15.05 lakh in 2009. The average outgoing salary this year is more than double the incoming salary.
ISB usually announces the placement results in April, but for the past two years, it has been extending the placement season by about three months to let maximum number of students bag the jobs. This year, with companies back in the hiring mode following economic recovery, the offers have increased by 35 per cent over last year. The batch of 2010 has a strength of 579 students, their work experience ranging from 2 to 20 years.
According to sources, the number of international locations has increased this year, which made using a standard metric to arrive at the average CTC difficult. For this year, the technology, consulting and finance sectors have been the main recruiters, with the number of offers made by top 10 companies in these sectors has risen by 116, 40 and 30 per cent, respectively, over last year. Pharma, healthcare, infrastructure, real estate, media and energy are the other sectors that have recruited from ISB in significant numbers.
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