ISB class of '04 maxes at Rs 20 lakh

TIMES NEWS NETWORK[ WEDNESDAY, MARCH 31, 2004 01:28:19 AM ]
HYDERBAD: Attracting the cream of international and Indian business for placement 2004, the Indian School of Business (ISB) has attracted the creme de la creme firms in India and abroad to campus for recruiting its students.


The average annual salary offered to its students has increased by about 9 per cent from Rs 8.30 lakh to Rs 9.05 lakh.

The highest offer in Indian rupees was at Rs 20 lakh, up by 11 per cent as against the last year's salary package of Rs 18 lakh. In dollar terms the growth was however much higher at 46 per cent from $ 103,333 to $ 151,000.

Out of total 219 students in the batch, 192 students participated in the placement process and the remaining have returned to their previous employers. About 221 lateral offers were made by recruiters, up by 22 per cent.

Companies that made highest offers include: Wipro ; Infosys ; Cognizant; Novartis; Johnson & Johnson. International offers came from the countries like: USA; Europe; Singapore and Hong Kong.

Percentage-wise, technology companies have emerged as top-most recruiters. Nearly 38 per cent of the offers have come from IT and technology companies.


The rest were as under: ITES 14 per cent; financial services 10 per cent; consulting 8 per cent; pharma and healthcare 7 per cent; banking and insurance 7 per cent; FMCG 4 per cent; telecom 3 per cent; diversified 3 per cent; oil and petroleum 3 per cent; automobile 1 per cent; engineering 1 per cent; and retail 1 per cent.

Though consulting firms were ranked fourth in terms of offers, consulting topped in the list in terms of functional areas. Nearly 29 per cent of students preferred consultancy. This was followed by sales and marketing, finance, business process management; and others.

A few other well known companies that recruited at ISB include: Astra Zeneca Pharma India; Bank of America; Citibank; Coca-Cola India; Colgate Palmolive; and Dell International Services.