ISB Placements 2023 – Average Salary Package of 34.21 Lakhs

You must keep two things in mind while choosing a B school – Placements and Pedagogy. The Indian School of Business (ISB) wins on both fronts. If you choose the right school, your way ahead becomes much easier. Out of these 2 parameters, Placements give an idea of the kind of confidence the industry has in the quality of the business school.

So, what kind of confidence do recruiters place in ISB, and what placement opportunity does ISB provide? Who are the recruiters for the PGP program at ISB? What is the average package? What kind of roles can I expect? All these questions are answered in this article.

ISB Placements 2023 – An overview

ISB Placements 2023 saw 222 recruiters make 1578 offers to the ISB PGP class of 2023. The average salary received by the class stood at 34.21 Lakhs per annum which is a 2.5X increase from the average pre-ISB CTC of Rs 13.39 lakh.

More than 14 percent of the overall offers came from companies that offer leadership/general management roles in various functions. This year saw 30 first-time recruiters on campus. As many as 36 percent of the PGP Class of 2023 are women, a proportion that is among the highest in leading business schools in this part of the world. 40 percent of the total job offers were made to women students.  

The top industries in terms of offers were Consulting, IT/ITES/Technology, BFSI, and FMCG/retail. Consulting, product management, sales and marketing, and general management/leadership programs were the leading functions that students got job offers in. 

Here is an overview of the ISB Placements 2023:

Number of Recruiters	222
Number of First-Time Recruiters	30
Number of Offers	1,578
Number of International offers	36
Average Salary Package	INR 34.21 LPA
Percentage of Female Students in Batch	36%
Percentage of Job Offers to Women	40%
Top Functions	Consulting & Product Management

ISB Placements 2022 – An overview

1. An all-time high average salary of 34.08 lakhs and highest ever number of offers – 2072 – for the ISB Class of 2022
2. More than 130 first-time recruiters registered for hiring the ISB PGP Class of 2022
3. Students got more opportunities in Consulting, Product Management, Sales and Marketing, and Analytics functions
4. 52 companies gave more than 10 offers

ISB Placements Salary Trends

YEAR	AVERAGE SALARY (in lakhs)
2023	34.21
2022	34.08
2021	27.13
2020	25.06
2019	24.35
2018	22.13
2017	20.90

From the graph, we infer that the average salary offered is continuously increasing each year compared to the previous year. Amid the crisis due to the pandemic, ISB still managed to provide better placements. The average CTC offered for the PGP class of 2022 made history in the placement of the institute with an increase of 20.78% compared to the average salary offered for the PGP class of 2021.

ISB ROI for the PGP program

ISB PGP fees structure

PARTICULARS	AMOUNT (INR)
Tuition fee + accommodation (approximately)	33,00,000
Other expenses	2,20,000
Total expense of the ISB PGP  program	35,20,000
Average salary after completing the ISB PGP program (per annum)	28,00,000

The total expense for the one-year MBA program (PGP) at ISB will be approximately 35.2 lakhs. As per the ISB placement reports, let's consider the average CTC offered as 28 lakhs per annum. 

Considering the total expense and the salary you would receive after completing the course, you will be able to recover the money spent on the PGP program in approximately 2-3 years. (without a loan)

If you are planning to apply for a loan, taking an average loan rate of 8%, you will be able to recover the money spent on the PGP program in approximately 4-5 years.

Note: These calculations are just an estimation. The actual duration for the recovery of money spent for the PGP may vary for each individual.

ISB Placements 2023 - Average Package

ISB 2022 Placement Highlights

The placements for the ISB PGP class of 2022 were incredible with an increase in average salary by 20.78% compared to last year. The average accepted CTC is INR 34.08 lakhs which is three times higher than the offered CTC from their pre-ISB salaries. Due to the pandemic, the entire placement process for the ISB PGP class of 2022 took place virtually.

270 companies made a record by giving 2072 offers at the end of placement week. On average, every student had two offers. Women students who contribute 39% of the total class had an offer of 41%.

The top recruiters were from the consulting, IT/ITES/Technology, BFSI, FMCG/Retail, and Pharma/Healthcare sectors. Consulting firms made 37% offers, the top firms being McKinsey, Bain & Company, BCG, Deloitte India, KMPG, Boston Consulting Group, EY India, and LEK Consulting. 

ISB Placements - Number of offers and average salary (2018-2022)

YEAR	CLASS SIZE	NO. OF HIRING COMPANIES	OFFERS	AVERAGE SALARY(INR)
2023	843	222	1578	34,21,000
2022	929	393	2072	32,76,366
2021	691	308	1195	27,13,055
2020	875	433	1504	25,06,850
2019	884	373	1309	24,35,915
2018	875	375	1136	22,13,592

ISB had more than 130 first-time recruiters registered for the PGP class of 2022 placement. 

The foundation for this was laid by inviting more than 250 companies for the pre-placement process, workshops, and seminars. 52 companies gave more than 10 offers. 100+ leadership roles were offered by companies from different sectors and geographies. This specifies the strong relationship between ISB and the leading companies.

The women students who were 40% of the PGP class of 2022 performed well in terms of both offer and roles in the placement. Several leading companies offered roles such as EA to CEO, general manager, DGM, etc.

Opportunities in consulting, product management, marketing, sales, and analytics were enhanced in the PGP class of 2022 placement. 

Let's discuss in detail the function-wise and industry-wise offers for the ISB PGP candidates.

ISB Placements - Function-wise offers

Function-wise offers for the years 2022 and 2021

Function wise offer	2022 (in percentage)	2021 (in percentage)
Consulting	37	34
Product management	12	14
Sales and marketing	18	14
General management	9	12
Technology	4	7
Finance	7	5
Operations	4	4
Analytics	3	3
Others	5	6

Consulting was the top recruiter as always. The number of offers made for the consulting roles increased by 3% compared to the offers made for the class of 2021. The offers for financial roles, sales and marketing roles increased by 2% and 4% respectively. Other function-wise offers such as operations, analytics, technology, etc, either remained the same or decreased by 1 or 2%.

Function wise average CTC for the years 2022 and 2021

	Average CTC (2022)	Average CTC (2021)
Analytics	32,49,028	27,53,289
Consulting	33,48,654	28,77,119
Finance	29,34,152	23,98,258
General management	30,88,572	24,68,634
Operations	31,61,743	28,73,765
Project management	31,00,000	23,77,184
Product management	34,49,971	27,44,918
Sales & marketing	29,90,804	25,55,204
Technology	44,65,250	30,42,842

From this data, we infer that the average CTC for all the functions has increased in 2022. The average CTC offered for product development and project management has increased by around 7 lakhs in 2022. For other functions like consulting, analytics, and general management, the average CTC has increased by around 5 lakhs on average. However, for technology, though the number of offers was less compared to 2021, the average CTC has increased by 14 lakhs in 2022.

ISB Placements - Industry-wise offers

Industry-wise offers for the years 2022 and 2021

Industry wise offer	2022 (in percentage)	2021 (in percentage)
Consulting	37	33
IT/ITES	12	17
Banking, Financial Services and Insurance (BFSI)	12	10
Technology	4	11
FMCG	5	5
Healthcare	3	5
Urban mobility	1	3
E-commerce	9	3
Education	1	2
Real Estate	1	2
Telecom	2	2
Media/PR	2	1
Others	6	3

Consulting, IT/ITES, BFSI, and E-Commerce industries were the top recruiters. 

Consulting companies gave the highest number of offers with 37% followed by IT/ITES and BFSI offering 12% of total jobs. 7 BFSI segments including leading private sector banks, and multinational banks, along with marquee Investment Management and Private Equity Firms continued to hire the talents from ISB.

The E-Commerce industry made a significant comeback generating 9% of the total offers.

ISB Placements - International Offers

Soumi, who is an ISB graduate, shares her placement experience at ISB in her channel “Insider Gyaan”. As per the video, she says the global companies start their recruitment process almost a month ahead of the day 1 of placement process. And they choose only the top 1 or 2 students.

Companies from Hong Kong, Thailand, Malaysia, Singapore, Indonesia, Nigeria, Dubai, and other parts of the world also do talent hunts at ISB. Around 18% of ISB alumni are working in international companies from different sectors such as FMCG, Finance, Technology, and others.

ISB Placements - Job offers by Government and Semi-Government agencies

Andhra Pradesh Government’s Institute of Leadership, Excellence & Governance (ILEG), Invest Punjab, and Sah-ktra Foundation have hired students from ISB in the last two years.

Recruiting companies for the placements in ISB

There is a huge list of companies that partner with ISB every year to fulfill their talent requirement. 

Here is a list of well-known companies from different sectors that recruit from ISB.

Consulting companies	BFSI	IT/ITES/Technology, E-commerce	FMCG
McKinsey & Company	ICICI	Microsoft	HUL
Deloitte India, USI	Axis	Flipkart	Procter and Gamble
Accenture Solutions Pvt.Ltd	Yes Bank	Uber	Colgate
Bain & Company India Pvt.Ltd	Citibank	Cisco	ITC
Kearny	Credit Suisse	Atlassian	AB InBev
PwC	Barclays	RazorPay	L’Oreal
ZS Associates	Wells Fargo	Myntra	Samsung
KPMG	Capitel Partners	Ola Electric
GEP Solutions	VC firm Matrix Partners	Zynga
Alvarez and Marsal India Private Limited		Electronic Arts
L.E.K Consulting		Nykaa
Arthur D. Little		HiLabs
Ernst & Young LLP		BeatO
EVERSANA
Dalberg and Intueri Consulting LLP

Roles offered in the placements at ISB

These are some roles you can expect after completing the PGP course at ISB.

• Vice President - Strategy & CFO Services, Lead Digital Transformation, Delivery Head, Global Operating Leaders
• Assistant Vice President - Operations, GFO
• Head - Commercial Process
• Director, Strategy
• Strategic Business Change Consultant
• Deputy General Manager- Sales & Marketing
• Client Partner - Sales & Marketing
• Assisting CEO & Director office in business transformation/ Value driven projects
• Senior Manager, Global Growth
• AGM, Design Strategy

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