ISB Placements 2022 | Average Salary 34 Lakhs| 2066 offers

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.

Let’s first do a rough estimate of the payback of the program.

ISB provides education equivalent to International standards. So the fee is comparatively higher than the other B-Schools in India. The one-year MBA program (PGP) at ISB is a well-received program. The fees for the PGP is approximately INR 33,14,620 (including GST) for shared accommodation and INR 34,26,720 (including GST) for studio accommodation.

The next question which would arise will be, is spending so much worth the program? How is this program going to help you move your career forward?

Let’s begin by analyzing the salary trends.

ISB Placements Salary Trends

YEAR	AVERAGE SALARY (in lakhs)
2022	34.07
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 for 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 Report - 2022

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 34.07 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 2066 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 Placement Report - 2021

The average CTC package for the PGP class of 2021 was Rs 28.29 lakh per annum which is an increase of 8% compared to the average CTC package of Rs 26.12 lakh for the class of 2020.

Let's compare the placement of the past five years to get a better understanding

The Class of 2021 had an exceptional year on the Placements front in terms of diverse kind of roles and responsibilities that came across their way as well as the salaries offered. Our students are sought after by the entire spectrum of corporates, including from the Government and the semi-government space and unicorns, startups and new age firms.

Uday Virmani, Senior Director - Career Advancement Services, ISB

Despite the global crisis, the placement for PGP students at ISB went great with a total offer of 1145. 

ISB Placements - Number of offers and average salary (2017-2021)

YEAR	CLASS SIZE	NO. OF HIRING COMPANIES	OFFERS	AVERAGE SALARY(INR)
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
2017	903	411	1113	20,90,211

There were 95+ first-time recruiters for the PGP class of 2021 offering more than 125 jobs.

31 companies gave more than 10 offers each. The average offer per company is 6.18 which specifies the relationship of ISB with the recruiters even in uncertain times. 

Consulting, Product Management, Sales & Marketing, and General management functions offered high salary packages. Consulting firms gave 388 offers, which indicates ISB is a preferred choice by them.

Women-centered hiring programs such as Citibank’s Catalyst and Axis Bank’s WE Lead offered leadership position jobs to women candidates. In total, women candidates were offered 24 leadership roles from leading companies.

There will be integrated placement for both the campuses (Hyderabad and Mohali) of ISB.

And the placement for the class of 2021 took place virtually due to the pandemic.

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

ISB Placements - Function wise offers

Consulting, Product Management, Sales & Marketing, and General management functions were the top recruiters. 

Function wise offers for the years 2020 and 2021

Function wise offer	2021 (in percentage)	2020 (in percentage)
Consulting	34	23
Product management	14	16
Sales and marketing	14	16
General management	12	16
Technology	7	5
Finance	5	7
Operations	4	8
Analytics	3	5
Others	6	1

The number of offers given by consulting companies increased by 11% and the number of offers given by technology-based companies increased by 2%. But the other function-wise offers were reduced by 2-4% on average.

Function wise average salary for the years 2020 and 2021

	Average CTC (2021)	Average CTC (2020)
Analytics	27,53,289	24,00,578
Business research	25,86,667	40,00,000
Consulting	28,77,119	26,05,288
Engineering	-	34,66,667
Finance	23,98,258	23,20,617
General management	24,68,634	23,19,179
Human resources	21,00,000	25,00,000
Operations	28,73,765	26,86,210
Product development	34,50,000	27,61,271
Product management	27,44,918	26,25,403
Research & development	23,00,000	-
Sales & marketing	25,55,204	24,73,928
Technology	30,42,842	24,82,373

From this data, we infer that the average CTC for product development and technology has increased by 7 lakhs and 6 lakhs respectively in 2021. For other functions like consulting, analytics, general management, operations, product management, sale & marketing the average CTC has increased by 1.5 lakhs on average. However, for functions like business research and human resource, the average CTC has decreased compared to the average CTC offered in 2020.

ISB Placements - Industry wise offers

Industry-wise offers for the years 2020 and 2021

Industry-wise offer	2021 (in percentage)	2020 (in percentage)
Consulting	33	22
IT/ITES	16	15
Banking, Financial Services and Insurance (BFSI)	10	12
Technology	6	1
FMCG	5	7
Healthcare	5	4
Urban mobility	3	-
E-commerce	3	11
Education	2	2
Real Estate	2	2
Telecom	2	1
Media/PR	1	2
Others	2	2

Consulting, IT/ITES and Technology, BFSI, Healthcare, and FMCG industries were the top recruiters. 

Consulting companies gave the highest number of offers with 33% followed by IT/ITES offering 16% of total jobs. 10% of job offers came from the Banking, Financial Services and Insurance (BFSI) segment. 

The offer by Technology companies increased by 5% compared to last year (2020).

Urban industry also gave 35 offers reflecting the dynamic change in the business growth.

FMCG giants such as HUL, Colgate, ITC, AB InBev, L’Oreal, Samsung continued to maintain faith in students by offering 5% of total offers. The Healthcare industry also gave jobs accounting to 5% of total offers.

The major impact of the crisis was felt on the E-commerce industry as the number of job offers reduced from 11% to 3% in 2021. 

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.

The companies from Hong Kong, Thailand, Malaysia, Singapore, Indonesia, Nigeria, Dubai, and other parts of the world also do talent hunt 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 who 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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