4 graduates of ISB offered USD 200,000 salary, plus package
Hyderabad, Apr 5: Placements broke a new high as four graduates of the Indian School of Business (ISB), here were offered USD 200,000 plus package, the highest among them with an Indian IT major offering an annual package of Rs 1.04 crore this year.
Briefing about the placements results, ISB Dean Mendu Rammohan Rao said the ISB class of 2006 has 345 students, of which 328 participated in the placements process and over 145 companies visited the ISB for recruitments this year.
''The highlight of the placements was that the highest salary offer of USD 233,800 was made by an Indian company for an international assignment. The average international salary at USD 120,700 (Rs 53.5 lakh) is 21 per cent jump over 2005. On the home turf, the highest domestic salary at the ISB this year was Rs 30.33 lakh while the average Indian salary was Rs 11.77 lakh, reflecting an increase of 18 per cent from last year,'' he added.
Prof Rao said the highest offer made to a woman this year was USD 223,400 (Rs 1.01 crore). ''The top domestic offer for women students is Rs 20 lakh while the average salary is Rs 9.89 lakh. Out of the four students who bagged the USD 200,000 plus salary offers, two are women, who have been offered global leadership positions,'' he added.
Mentioning about latest changes in career options by ISB students, he said this year an increased number of students have chosen to opt for domestic offers over international offers.
The ISB students this year have been offered several senior management positions such as COO, VP-international marketing, head-marketing, international country manager designates and others from leading domestic and international companies.
Several students who came to the ISB looking for a change in their career after several years of work experience, and successfully making career shifts were witnessed this year. More than 30 students at the ISB have declined high salary packages in their quest for taking up jobs that find the 'best fit' for them.
Many ISB students opted for jobs with various media companies, including Anand Bazar Patrika, Global Broadcasting Network and RPG Saregama, he added.
ISB Assistant Dean Savita Mahajan said of the 345 students, 17 did not participate in placements. She said these students have either joined back their family business. ''In all there were 425 offers, which include 42 overseas and 383 Indian offers. The IT consulting sector has the largest offers and healthcare services, media and entertainment and real estate sectors can be considered as emerging areas,'' she explained.
Asked about the future plans of ISB, the authorities stated that they would like to increase the intake to 400-plus this year.