ISB overtakes IIMs placement offer
New Delhi, Apr 5: Hyderabad-based Indian School of Business (ISB) today reported the highest international package of 233,800 dollars (Rs 1.04 crore), surpassing Indian Institute of Management's 193,000 dollar offer.
''The higgest international salary has been offered by an Indian technology company,'' ISB Deputy Dean Ajit Rangnekar said.
He, however, declined to divulge the name of both the company and the student who has bagged the deal.
The average international salary for ISB students stood at Rs 53.5 lakh, up 21 per cent over 2005, while the average Indian salary was Rs 11.77 lakh, 18 per cent more than last year.
''The highest Indian salary of Rs 30.33 lakh came from the Indian company HiTech,'' Mr Rangnekar said.
India is becoming the preferred location for our MBA students as this is where all the action is, he said adding in the next five years there is going to be a reverse brain drain with most MBAs choosing the home turf to International offers.
Mr Rangnekar said four ISB students have bagged offers that have crossed the one crore mark.
Talking about the trend in placements for this year, Mr Rangnekar said, ''It is the Indian companies that have raised the bar significantly, offering international salaries to our students.'' A total of 143 companies participated in the placement process and out of 328 students, 65 women were placed, representing 19 per cent of the total class of this year.
The offers varied over a range of sectors including Technology, Consulting, Finance, FMCG, Banking and Financial services, etc.
''This year we also had sectors like infrastructure, real estate, and media, making a mark at ISB.