For last year’s graduates of the Indian School of Business, 2013 was a banner year. The school reported a 21% increase in the number of on-campus recruiters and an even more impressive 29% jump in signed offers to graduates.
A total of 741 students participated in the placement process last year, out of the 762 students in the class of 2013. Some 21 students opted out of the process to start their own ventures, return to their companies or family businesses. Those 741 students drew 819 offers, an average of 1.11 each, up from 631 offers a year earlier when the school graduated far fewer students—574. Recruiting companies were up to 423 from 348 companies in 2012.
That compares with the Indian Institute of Management at Ahmedabad which said that its 360 graduates had 360 offers from 130 recruiting firms last year. Some 345 of the offers were based in India, 3 in Africa, 1 in Europe, 5 in Rest of Asia, 5 in South-East Asia, and 1 in the Americas.
LARGEST CHUNK OF JOB OFFERS CAME FROM THE TECH SECTOR
Befitting the ISB’s primary location in Hyderabad, the largest number of offers on campus came from the technology sector, according to the 2013 employment report. The school said 300 offers were made by 53 companies such as Apple, Amazon, Cognizant Technology Solutions, Facebook, Google, HCl, Hewlett Packard, IBM, ITC Infotech, Microsoft, Wipro, among others.
The consulting sector was the second largest recruiter, contributing 163 offers from around 30 companies including A T Kearney, Accenture, Booz & Co, Boston Consulting Group, Deloitte, Ernst & Young, Global eProcure, KPMG, McKinsey & Company, Oliver Wyman, Parthenon and PwC.
The school also reported what it called “a revival in hiring for finance positions.” Banks and other financial institutions made a total of 75 offers on campus. Companies included Axis Bank, Citibank nA, delta Partners FZ llC, Goldman Sachs, HSBC, ICICI Bank, Standard Chartered Bank, UBS AG, yes Bank, among others.
‘THE ONLY B-SCHOOL WHERE BIOTECH AND PHARMA CONTINUES TO RECRUIT IN LARGE NUMBERS’
And for the third consecutive year, the biotech and pharma sector was a significant player in the mix of recruiting companies. They made offers to 58 students. Among the companies seeking to hire ISB grads were Biocon, Dr. Reddy’s Laboratories, Johnson & Johnson, Max Healthcare, Novartis Pharma AG and Ranbaxy Laboratories. “ISB is perhaps the only B-school where this sector continues to recruit year on year in significant numbers, owing to the presence of several healthcare and pharma professionals in the student body,” the school said.
V.R. Menon, senior director of careers, admissions & financial aid, said that two years ago the school made a substantial effort to bring to campus startup companies to recruit students. “We contacted venture capitalists in India and asked them to recommended companies they had funded,” says Menon. “Some 35 startups came in this past year and 25 of our graduates joined them. This year we had even more–55 to 60 startups who came to campus to interview our students.”
The school does not report either average or median compensation for its graduates, but uses 80th percentile numbers. Menon said the reason for not reporting the full stats is because they can lead to unrealistic expectations among applicants and students, especially when you include an average of the highest paid graduates of any class.