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 2022 – An overview
- ISB Placements Salary Trends
- ISB ROI for the PGP program
- ISB Placements 2022 – Average Package
- ISB Placements – International Offers
- ISB Placements – Job offers by Government and Semi-Government agencies
- Recruiting companies for the placements in ISB
- Roles offered in the placements at ISB
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.
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
- An all-time high average salary of 34.08 lakhs and highest ever number of offers – 2072 – for the ISB Class of 2022
- More than 130 first-time recruiters registered for hiring the ISB PGP Class of 2022
- Students got more opportunities in Consulting, Product Management, Sales and Marketing, and Analytics functions
- 52 companies gave more than 10 offers
ISB Placements Salary Trends
|YEAR||AVERAGE SALARY (in lakhs)|
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
|Tuition fee + accommodation (approximately)||33,00,000|
|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 2022 - Average Package
ISB 2022 Placement Highlights
- Class size - 929
- Number of recruiting companies - 393
- Number of offers - 2072
- Average salary package - 34.08 lakhs
- Average offer per student - 2.23
- Female students in the class - 40%
- Offer made to women students - 847
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)|
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)|
|Sales and marketing||18||14|
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)|
|Sales & marketing||29,90,804||25,55,204|
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)|
|Banking, Financial Services and Insurance (BFSI)||12||10|
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|
|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|
|Arthur D. Little||HiLabs|
|Ernst & Young LLP||BeatO|
|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
Planning to join ISB?
We at ISBmantra with a team of former Admission officials and alumnus can guide you through the application process and interview preparation.
Sign up for free now.
ISB provides placement only for the PGP (one-year MBA program) and FPM (Fellow Programme in Management) programs.
The average package for the ISB PGP class of 2023 is Rs 34.21 lakhs per annum which is slightly higher than last year's (class of 2022) average salary of 34.08 lakhs per annum.
The minimum salary offered during the ISB 2022 placement was INR 15 lakhs by Government / NGO / PSUs / Forces / Services industry and the maximum salary offered during the ISB 2021 placement was INR 72 lakhs by the High Technology / Manufacturing / Services industry.
No. Getting placed in a company is based on the skills you possess rather than just experience.
Comments are closed.