Exciting New Sectors
The Class of 2007 received offers from a variety of companies and industries. The number of offers from Financial Services sector more than doubled to 97 offers this year while a large number of offers continued to come from Consulting companies. Companies from several new sectors made offers to ISB graduates, namely Real Estate, Oil and Energy, Media, Manufacturing, Microfinance, NGO, Education, Healthcare, etc.
Alternate Recruitment Models
This year, for the first time in ISB, a company recruited two groups of students as core management teams to run stand alone businesses. Two groups of 4/5 students were recruited together as the core management team for specific projects along with the full responsibility of setting up the project from Ground Zero and leading it to become a success. The company has offered students both CTC and equity stakes in the project making it an exciting and attractive option for students with an entrepreneurial bent of mind. The work experience of the students in the group ranges from 2 years to 11 years.
An interesting trend witnessed at the ISB this year saw a large number of students opting for domestic offers. “Many ISB students come with international work experience and after a year of learning and exposure to global faculty and management practices, they are keen to develop careers in India,” said Ajit Rangnekar, Deputy Dean, ISB. Often, those opting for international offers were observed to be discussing the possibilities of returning to India with the recruiters. “Increasingly, job content and location, are becoming top priorities for selecting an offer,” added Rangnekar.
“Many of us look for challenging roles that give us the freedom for entrepreneurial expression,” says Meera Sridharan, who has opted for a domestic offer after working in a multinational company in the USA. “I was keen to be located in Chennai, near my family and I am happy that I got an offer from a company that had the flexibility to help me do so.”
Dramatic Career Shifts
One of the unique platforms that the ISB provides is an opportunity for students to make career shifts. As always several students from the Class of 2007 have made dramatic career moves. From the automobile industry to banking, from the Transport Department to telecom, from being a doctor in the Armed Forces to a Fund financing NGOs, the Class of 2007 has made several interesting career shifts. “I had learnt and grown a lot during my career in the Shipping industry, I needed to find new challenges. ISB changed my life, I got an excellent opportunity to refresh myself and find a new career that fulfils my ambitions and gives me a completely new perspective,” says Vijay Nehra, who has moved from the Shipping industry to an FMCG company.
2007 Placement Summary
Over all, the Class of 2007 at the ISB has achieved excellent placement results. The average domestic salary was Rs15.03 lacs with the highest domestic offer being Rs 43.91 lacs. The average international salary was USD 135,000 ( Rs 59.5 lacs ) while the highest international salary was USD 269,000 (Rs1.18crores) “The high CTC levels demonstrate the confidence that companies have in the high quality of the ISB’s management talent, said Dean Rao. He also added a word of caution saying, “We need to take a balanced view of international offers given by multinational companies. I urge everyone to use these figures in the proper context so that potential students may get the correct picture of what they can achieve in a management institution.”
The Class of 2007 graduated on April 7, 2007 at a grand ceremony during which Shri Montek Singh Ahluwalia, Deputy Chairman, Planning Commission, was the Chief Guest. The new Class of 2008 will join the ISB on April 15, 2007.