Corporate Hiring increases by 22 percent at the Indian School of Business
The class of 2011 at the Indian Business School, Hyderabad, India has a good reason to smile and the MBA aspirants from all over the world should add this elite MBA institution to their list of admissions, because one thing that the MBA graduates vie for the most is available in plenty over here. The high paying jobs and offers from the best corporate organizations have increased by 22 percent, a record increase after the financial crisis of 2008. The average compensation reported an increase of good 20 percent, and the students are elated to have landed such lucrative offers in some of the best corporate organizations across the world, such as Pepsi Co, Johnson and Johnson etc.
The class of 2011 comprised 569 students and out of them, 552 students received 661 job offers from as many as 310 companies. The female recruitment shot up considerably with three students having made to the job of advisor to Indira Nooyi, the head of Pepsi Co. The intake of female students has gone up in recent years with the class of 2011 comprising a total of 160 female students, representing 28 percent of the total strength.
The Career Advancement Services director V.K. Menon was elated at the success of the placement season and said that the students as well as recruiters were satisfied and happy. There were many international companies from emerging economies of the world such as Singapore, Middle East and even African countries making lucrative job offers to the ISB graduates. Overall, international hiring went up by 35 percent whereas there was an increase of 19 percent in the number of domestic recruiters.
Consulting sector recruited the largest number of students, 32 percent of the total, while IT sector hired 21 percent of the students. Banking and Financial sector absorbed 12 percent of ISB class of 2011 graduates. The b-school did not declare the maximum or the minimum offers made, but the average of the 80percent offers has been pegged around $40,000.