Placements 2003 |
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The ISB successfully pioneered the concept of lateral hiring in India and achieved excellent placement results for the Founding Class of 2002. 155 students out of 169 students participated in the Placement process while the remaining 14 joined business houses that they initially came from.
Class of 2003
Students in the flagship Post Graduate Programme in Management come from diverse educational, social, and ethnic backgrounds. The ISB’s distinctive admission criterion of prior work experience means that students also bring in rich and wide-ranging professional experience.
Profile of the Class of 2003 at the time of Enrolment
Work Experience by Number of Years
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| Work Experience by Industry |
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Others: Aviation, Planning & Architecture, Medicine, Legal, Construction, Government & PSU, Hospitality, Shipping, NGO, Travel.
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| Age Distribution |
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Number of Students with International Work Experience..... 26
Average CTC (Pre - ISB) ........ INR 4, 25, 000
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Career Services at the ISB
The ISB has a dedicated Career & Alumni Services (CAS) Office that assists students pursue their career goals by providing career counselling, career information services, and conducting skill development workshops. A student-driven Placement Committee, and the CAS Advisory Board comprising eminent management professionals support the CAS Office in its activities.
Lateral Hiring at ISB
The ISB’s Placement Process is designed to augment lateral hiring into companies, a concept successfully pioneered by the ISB in India. A lateral hire is described as any recruitment excluding ‘entry level’ positions. The objective of lateral recruitment is to ensure that students with extensive work experience are placed at positions that fully leverage their expertise and professionalism. Given that student profiles at the ISB average close to five years of prior work experience, the focus is on ensuring that students get a career opportunity that is commensurate with their skill sets and maturity.
A measure of the success of ISB’s lateral placement process is the180 lateral offers made by recruiters this year. 83% of the placements for the Class of 2003 were for lateral positions distributed across various functions in middle and senior management, including the position of Chief Executive Officer.
Several students made career shifts this year, moving across Consulting, Financial Services, Manufacturing, IT, Telecom, and Media.
Class of 2003: Career Shifts by Function
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| Consulting |
Finance |
2 |
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General Management |
1 |
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Marketing |
2 |
| Finance |
Consulting |
3 |
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General Management |
8 |
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Human Resources |
2 |
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Marketing |
4 |
| IT |
Consulting |
4 |
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Finance |
7 |
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General Management |
3 |
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Human Resources |
1 |
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Marketing |
12 |
| Audit |
Consulting |
1 |
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Finance |
1 |
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General Management |
3 |
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Marketing |
3 |
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Operations |
1 |
| Hospitality |
Marketing |
2 |
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| General Management |
Consulting |
2 |
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Finance |
4 |
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Marketing |
4 |
| Legal |
General Management |
1 |
| Logistics |
Marketing |
1 |
| Marketing |
Consulting |
2 |
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Finance |
1 |
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General Management |
2 |
| Medicine |
Marketing |
2 |
| Operations |
Consulting |
1 |
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General Management |
3 |
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Marketing |
4 |
| Production |
IT |
1 |
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Consulting |
1 |
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General Management |
1 |
| Research/Analyst |
Finance |
1 |
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General Management |
2 |
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Class of 2003: Placement Distribution by Industry  |
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| Class of 2003: Function Offer Classification |
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| Class of 2003: Placement Results |
| Total No. of Students |
169 |
| No. that participated in the placement process |
155 |
| No. that returned to their previous employer |
14 |
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| Total no. of recruiters |
139 |
| No. of offers |
122 |
| No. of international offers |
12 |
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| No. of lateral offers |
180 |
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| Class of 2003: Compensation |
| Average Indian CTC |
INR 8,30,000 |
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| Average International CTC |
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| US & Europe |
US $ 66,000 |
| Middle East Dirhams |
76,000 |
| Asia Singapore |
$ 87,000 |
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| Highest Domestic Offer |
INR 18,00,000 |
| Highest International Offer |
US $ 103,333 |
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