ISB Placements: 99.4% Jobs Secured and a 154% Salary Increase

The ISB Placements for PGP Co’ 23 were a remarkable success, further solidifying ISB’s reputation as a premier business school.

With 99.4% of students securing jobs at graduation and a 154% increase in post-ISB salaries, the school demonstrated its ability to prepare students for high-impact roles across various sectors. Notably, 31 international offers were made, and over 30 first-time recruiters participated, highlighting ISB’s growing global footprint.

The average package for the ISB PGP class of 2023 stood at INR 33.26 lakhs, with sectors like Consulting, Technology, and General Management leading the way in hiring.

Read this article for a comprehensive breakdown of industry trends, salary insights, and top recruiters, and delve into the detailed ISB Placements report.

ISB Placements: Key Highlights for PGP Co’ 23

• 99.4% of students secured jobs at graduation.
• A 154% increase in post-ISB salaries compared to pre-ISB.
• 31 international offers were made across diverse geographies.
• Over 30 first-time recruiters participated in campus placements.
• Top Recruiting Domains: Consulting, Technology, General Management, Sales & Marketing, Finance, and Supply Chain & Operations.

ISB PGP Co 23 Profile

• Class Size: 845 students
• Average Age: 27 years
• Average Work Experience: 4.07 years
• Average GMAT Score: 720

ISB Placements Data Summary

ISB Placements: Industry-Wise Offers and Compensation

1. Technology Dominates ISB Placements Offers:
   • The Technology sector secured the highest percentage of offers at 23%, indicating strong demand for tech roles at ISB.
   • However, the average CTC for this sector stands at INR 3,286,100, with a CTC range of INR 25.0 – 42 lakhs, reflecting competitive but moderate compensation in comparison to other high-paying industries.
2. Consulting and BFSI Lead in Offers and Compensation:
   • Consulting and Professional/Advisory Services accounted for 21% of offers, with an attractive average CTC of INR 3,557,509 and a CTC range of INR 26.4 – 45 lakhs. This highlights the continued recognition of ISB talent in strategy and consulting roles.
   • The BFSI (Banking, Financial Services, and Insurance) sector received 15% of offers, offering an average CTC of INR 3,096,269, with a wider CTC range of INR 23.8 – 46 lakhs. This shows BFSI’s focus on hiring for both junior and senior-level positions.
3. High Compensation in Education and Manufacturing:
   • Although Education/Teaching and Training received only 1% of the offers, it commands one of the highest average CTC figures at INR 4,333,333, with a wide range of INR 35.0 – 60 lakhs. This suggests that strategic leadership roles in education are highly valued.
   • Similarly, Manufacturing had 8% of the offers, with the highest average CTC of INR 4,883,400, and a broad CTC range of INR 24.0 – 66 lakhs. This reflects the demand for specialized and leadership roles in manufacturing, which command premium salaries.
4. Government and Public Sector Units (PSUs) Show Strong Hiring:
   • Govt/PSUs/NGO/Forces/Services/Multilateral Organisations offered 8% of total offers, with a steady average CTC of INR 3,288,889 and a range of INR 18.0 – 40 lakhs. This reflects the increasing presence of public sector roles and their competitiveness with private sector opportunities.
5. Steady Growth in FMCG, Retail, and Pharma:
   • FMCG/Retail/Consumer Durables/E-commerce/Agri accounted for 5% of offers, with a competitive average CTC of INR 3,288,207 and a CTC range of INR 27.7 – 40 lakhs. This indicates steady demand in these consumer-driven industries.
   • Pharma/Biotech/Healthcare secured 3% of the offers, with an average CTC of INR 3,703,889 and a range of INR 24.5 – 45 lakhs, highlighting the importance of healthcare talent post-pandemic.
6. Lower Offers but Competitive Compensation in Transportation/Logistics and Infrastructure:
   • Transportation/Logistics (3% offers) and Infrastructure/Construction/Real Estate (2% offers) had fewer offers but relatively stable compensation.
   • Transportation offered an average CTC of INR 2,993,213, while Infrastructure averaged INR 3,000,000, with ranges that reflect mid-level roles in these sectors.
7. Uncertainty in the Energy Sector:
   • The Energy sector, while accounting for 4% of offers, did not provide CTC data.
   • This could imply variations in the roles offered or differences in compensation depending on the type of energy sub-sectors involved (renewables, oil & gas, etc.).
8. Smaller Sectors but Competitive Pay:
   • Advt/Media/Comm/PR/Entertainment accounted for 5% of offers with an average CTC of INR 3,212,444, offering mid-level compensation in a niche industry.
   • Others, covering various smaller sectors, accounted for 2% of offers, with an average CTC of INR 2,850,000 and a narrower CTC range of INR 26.1 – 30 lakhs.

ISB Placements: Function-Wise Offers and Compensation

Here is the combined table for Function-wise Offers and CTC Data for 2023 that you can copy:

Observations and Inferences

1. Technology Leads in Offers:
   • The Technology function attracted 31% of the offers, with a high mid-80% CTC average of INR 36.04 lakhs and a competitive CTC range of INR 28.0 – 45 lakhs. This reflects the continued growth in the tech sector and demand for roles like product and project management.
2. Consulting and General Management:
   • Consulting/Strategy accounted for 27% of the offers, with an average CTC of INR 36.64 lakhs, showing the sector’s strong emphasis on ISB graduates for strategic roles.
   • General Management/Leadership saw 15% of the offers, with a more moderate average CTC of INR 30.31 lakhs, reflecting the diversity of roles available in leadership development programs.
3. Sales & Marketing Growth:
   • Sales & Marketing received 14% of offers, with an average CTC of INR 32.89 lakhs and a significant range of INR 25.9 – 55 lakhs, indicating a wide scope of opportunities in these roles across industries.
4. High Compensation in Specialized Functions:
   • Product Management also had 14% of the offers, with a high average CTC of INR 34.00 lakhs, showing the sector’s premium on managing products and services.
   • Analytics offers relatively fewer roles (3%) but provides a lucrative CTC range of INR 26.4 – 55 lakhs, highlighting the demand for data-driven decision-making expertise.
5. Human Resources:
   • Though Human Resources had only 1% of the offers, it reflects stability in terms of compensation with a fixed CTC of INR 24 lakhs, likely indicating fewer variations in roles within this segment.

This data highlights the dominant sectors and functions that are most rewarding for ISB graduates, with Technology, Consulting, and Product Management leading the charge in terms of both opportunities and compensation.

Year-on-Year Trends in ISB Placements

Observations and Inferences

1. Sustained Salary Growth: The average CTC for PGP Co’ 23 continued to rise, reaching INR 33.26 lakhs, demonstrating consistent value addition by ISB in developing student capabilities.
2. Decrease in Companies and Offers: Despite a reduction in the number of registered companies and job offers in 2023 compared to 2022, the quality of placements remained strong, with high average and median salaries.
3. International Opportunities: The presence of international offers (31) indicates ISB’s growing global footprint and the relevance of its graduates in foreign markets.

Top Recruiters at ISB

Here is a list of top recruiters from ISB’s PGP Co’ 23 placement season:

1. McKinsey & Company
2. Boston Consulting Group (BCG)
3. Bain & Company
4. Amazon
5. Deloitte
6. Goldman Sachs
7. Accenture
8. Cognizant
9. KPMG
10. EY (Ernst & Young)
11. Barclays
12. PricewaterhouseCoopers (PwC)
13. Microsoft
14. Google
15. Flipkart
16. Procter & Gamble (P&G)
17. ICICI Bank
18. HDFC Bank
19. Aditya Birla Group
20. Tata Group
21. Hindustan Unilever Limited (HUL)
22. Axis Bank
23. Infosys
24. Walmart Global Tech
25. Pharmaceuticals and Healthcare Companies (like Dr. Reddy’s and Pfizer)

These companies span across consulting, technology, financial services, e-commerce, FMCG, and manufacturing sectors, showcasing the diverse opportunities ISB students have for placements.

Final Thoughts

The ISB Placements for PGP Co’ 23 showcase the school’s ability to attract top recruiters from diverse industries, offering its graduates lucrative domestic and international opportunities. With a strong showing in sectors like Technology, Finance, and Consulting. ISB maintains its position as a leading business school for global talent. The ISB average package reflects consistent growth, making it a top choice for aspiring leaders aiming for impactful careers across the globe. As ISB continues to expand its network of recruiters and alumni, the future looks bright for its graduates.

FAQs – ISB Placements

1. What is the average package offered at ISB for the PGP Co’ 23?

The average package (CTC) offered at ISB for the PGP Co’ 23 was INR 33.26 lakhs, with a median CTC of INR 32.00 lakhs.

2. What percentage of students secured placements at ISB?

An impressive 99.4% of the students from the PGP Co’ 23 secured jobs at graduation.

3. Which sectors made the most offers during ISB Placements 2023?

The Technology sector led the offers with 23%, followed by Consulting with 21%, and BFSI (Banking, Financial Services, Insurance) with 15%.

4. How many international offers were made during ISB Placements 2023?

A total of 31 international offers were made to ISB students in the PGP Co’ 23 across regions like South-East Asia, Middle East, Africa, Europe, and the USA.

5. What are the top recruiting domains at ISB?

The top recruiting domains at ISB for PGP Co’ 23 were Consulting, Technology, General Management, Sales & Marketing, Finance, and Supply Chain & Operations.

6. How many companies participated in ISB Placements 2023?

A total of 324 companies registered for campus placements, offering 1609 job opportunities to the PGP Co’ 23 students.

7. What is the average GMAT score of ISB’s PGP Co’ 23?

The average GMAT score for the PGP Co’ 23 batch at ISB was 720.