Indian School of Business (ISB) published the 2014 placement report for the PGP program. Placement for the Class of 2014 has shown a positive trend, after a small slump in 2013. The stabilization of the economy, and student’s willingness to consider sectors beyond the traditional – consulting, banking and IT, has influenced this trend.
Here is the summary of the report:
1) 1.15 offers per student in 2014 against 1.07 offers per student in 2013. The number of offers has increased by 7.9%, and the offers per student increased by .08.
2) Mid-80% of the ISB Class earned an Average Domestic Salary of Rs 1815964 in 2014 against 2013’s Rs 1741081, a 4.3% hike.
3) Industry wise, IT sector, Consulting & Pharma offered the most job offers with 28%, 20%, & 9% of all offers, respectively.
4) Unlike last year when consulting was leading the placements, this year IT/ITES industry has made a resurgence with 28% of all offers.
5) The drop in consulting offers can be attributed to the slide in the companies recruiting from ISB. Compared to 423 companies registered in 2013, only 350 companies, a 17% drop.
ISB Post-PGP Industry Trends
This year - IT companies lead the industry with 28% of all offers while Oil/ Energy, Telecom, and Retail attracted the least number of offers (2%). Banking sector showed a drop in placements from 9% to 8%. Important trend to notice is the drop in total IT % offers from 37 in 2013 to 28% in 2014. Consulting dropped from 21% of all job offers to 20% in 2014.When you compare the % job offers across industries, there has been a drop, and that might be a reason students had to opt for non-traditional post-pgp career paths.
ISB Post-PGP Job Function Trends
Consulting has remained the favorite job function for ISB PGPs with 24% of all placements. General Management has emerged as the second favorite, beating Sales & Marketing, with 20% of all offers. Sales & Marketing offers have dropped from 21% to 18%. As we had written in General MBA vs. Specialist MBA – General Management MBA programs find favor when the economy is healthy; this trend might be a leading indicator of a boom in the economy.
Entrepreneurship
2014 was not a shining year for Entrepreneurship with only 7 students from a class of 766 starting their own venture or returning to their family Business; 1% of the class compared to 2.7% of the class in 2013 - a disappointing trend despite initiatives by the Wadhwani Centre for Entrepreneurship Development at the ISB.
Best Paying Industry
The three industries with the best paying offers are High Technology Electronics/ Manufacturing/ Service, Chemical/ Fertilizers/ Pesticides and IT/ITES with Mid 80% average CTC of the Class at Rs. 23,50,000, Rs. 19,72,532 & Rs. 19,28,413 respectively. Only 7 out of the 16 industries offering placements have increased their pay for the class of 2014. The slide in CTC continues, and when you consider inflation, the salary has remained stagnant at the early 2003 levels, a cause of concern for all MBA aspirants.
Best Paying Job Function
Technology, Product Development and Sales & Marketing were the three high paying job functions with mid-80% of the CTC at 25.92, 23.48 & 18.7 lakhs respectively. Even though General Management as a job function has emerged as the second favorite, the pay is in the bottom half of the best paying job functions, clearly showing that most ISB PGP students were career switchers, sacrificing pay for the opportunities.
Top Recruiters
General Management
Some of the recruiters in General Management were Bharti Group, Cairn India, General Electric, Aditya Birla Group, Cipla & Philips.
Consulting
Leading recruiters in Consulting were AT McKinsey, Booz & Company, Accenture Management Consulting, Kearney, BCG, KPMG, PWC, Siemens Management Consulting and Deloitte.
Finance
Some of the recruiters in Finance were Citibank, UBS AG, Axis Bank, Kotak Mahindra Bank, Goldman Sachs, Standard Chartered, and HSBC.
Marketing
Some of the recruiters in Marketing were Hindustan Unilever, MARS International, Bharti Walmart, Videocon, Britannia, and ITC
Download ISB PGP Placement Report 2014
