ISB Announces another record breaking placements
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Delhi/ Hyderabad, April 2, 2008: The Indian School of Business (ISB) announced the final results of Placements for the Class of 2008. Placements at the ISB this year have surpassed all previous years’ records. “We are very proud that the ISB has grown steadily year after year in every aspect. Our Placement record this year is a testimony to the fact that ISB students are highly sought after by industries across the world,” said Deputy Dean, Ajit Rangnekar.

Placements at the ISB truly global – 100% increase in international recruiters
Placements 2008 have been truly global at the ISB with several leading and niche international companies visiting the campus. The number of international companies visiting the ISB has doubled this year establishing the fact that the ISB has indeed become a talent pool for the world. 41 new international companies visited the ISB campus for the first time. The 111 international offers are spread across 23 cities across USA, Europe, Middle East, and the Asia Pacific. The offers encompass a wide range of functions and industries such as consulting, manufacturing, real estate, IT, and others.

Unprecedented Career Shifts at the ISB
The ISB has 100% lateral placements as all its students come with prior work experience. This year a total of 81% students made remarkable career shifts as well. This is the highest percentage of career shifts at the ISB so far. Of the 81% career shifts, 50% were shifts both in function and industry, 21% were career shifts in function and the remaining 10% were shifts in industry. Some of the dramatic career shifts are:

• Army Colonel to Head of a New Venture
• Orthopaedic Surgeon to COO
• Scientist to Production Head
• Restaurant owner to Real Estate and many others

Doctors carve a new path
The ISB students come from diverse academic and work backgrounds. The Class of 2008 had 10 students from the medical profession. These Doctors have set a record by attracting top management roles from several leading companies from the Healthcare, Pharma, Private Equity, and Real Estate sectors. They have been able to multiply their CTC over 5 times when compared to their earnings prior to joining the ISB.

Women at the ISB treble their CTC
The ISB has 25% women in the Class of 2008, perhaps the largest number in an Indian B-school. The 106 strong women students at the ISB have received several senior roles across industries. Their CTC has increased three times over after completing the ISB programme. At the time of joining the ISB the average CTC of the women students was INR 5, 18, 540. They have now received CTCs which averages to INR 16, 44, 328. “I’ve received a very interesting offer and have also made a radical shift from journalism to telecom marketing,” says Aarti Kothari, Class of 2008. “It has been a phenomenal year for me.”

Classmates turn Business Partners
Several students who met for the first time during the programme at the ISB have decided to chart a new path for themselves. Classmates who competed with each other during the year are now working together as business partners. Four groups of students are starting new companies, four of them were founded on the ISB campus this year. The new ventures are spread across various industries such as Nanotechnology, Financial Services, Knowledge Process Outsourcing, and Contract Research

Placement Statistics
The average Indian CTC offered to ISB students this year is INR 19,00,000. The students have attracted a remarkable hike of more than double what they were drawing prior to the ISB. The average CTC drawn by students at the time of joining the ISB was INR 7,19,000. The average international CTC is on par with what students at top international B-schools attract. The international averages are : USA – USD 138,614; Europe – USD 156,658; Asia Pacific – USD 145,607; Middle East – USD 125,389. The comprehensive average of all international offers is USD 144,812.

The ISB has taken a decision of highlighting placement trends and sharing an overall picture of student performance during the placements season. Announcing this decision, M Rammohan Rao, Dean, ISB, said, "We believe that announcing the CTC of a handful of students out of a large Class of 450, does not give a clear and fair picture of the entire Class’s performance. In keeping with the tradition followed by international B-schools, we will henceforth share the information that is representative of the student body.”

“The students at the ISB welcome the decision of announcing key placement information which is representative of the entire student body. We firmly believe that the average CTCs and overall recruitment trends comprehensively represent the value that the industry places on ISB students,” said Anand Agarwal, Director, Student Placement Committee, Class of 2008.

About the ISB
The Indian School of Business is a premier management institution established in 2001. In a short span of seven years, the ISB has successfully pioneered several new trends in management education in India and has established itself as a leading management institution across the world. It. In both its Post Graduate Programme in Management and Executive Eductaion Programmes, the ISB invites high calibre international faculty from reputed B-schools across the world to teach and partcipate in collaborative research with the strong pool of research oriented, resident faculty at the ISB.

For further information contact:
Bhuvana Ramalingam
Director – Communication
Indian School of Business
Ph: +91 40 2318 7431