HLL, Novartis hunt at ISB

TIMES NEWS NETWORK[ TUESDAY, MARCH 30, 2004 11:25:44 PM ]
DELHI/MUMBAI: The Indian School of Business (ISB) placement figures are out, and the Class of ’04 has much to smile about.


“While all figures have seen a sharp increase, we have made a breakthrough in lateral placements this year. Companies like HLL, Coke, Goldman Sachs and Novartis have picked up our students at levels like associates and area sales manager. In cases, this is the first time that these companies have come to a B-school campus for such senior positions,” ISB deputy dean Ajit Rangnekar told ET.

In terms of salary figures, the domestic average for the Class of ’04 is Rs 9.1 lakh while the global average is $90,000-$100,000.

The highest international offer is $151,000, while the highest domestic cost to company offer is Rs 20 lakh.

The companies that made the highest number of offers are Wipro, Infosys, Cognizant, Novartis and Johnson & Johnson. Last year, the Indian salary average was Rs 8.3 lakh, while the highest offer received was Rs 18 lakh.

ISB salaries are not comparable with the salaries offered at other B-schools because the school emphasises the students’ workex.

They are placed at non-entry or lateral positions after graduation. However, just to provide context, the average domestic salary at IIMB for 63 students with 2-3 years of workex was Rs 7.3 lakh, while for the 20 students with more workex it was Rs 7.2 lakh.