Financial Daily from THE HINDU group of publications
Saturday, Apr 06, 2002
Industry & Economy - Education
B-school holds its own...
V. Rishi Kumar
HYDERABAD, April 5
AT a time when campus recruitments are at a low due to prolonged recessionary trend, for a placement seeker from a B-school it is an uphill task both in terms of choice of organisation and package.
Under these times, the first batch of Indian School of Business (ISB) has averaged about Rs 9 lakh package.
The Dean of ISB, Mr Pramath Sinha, said that this was amongst the toughest year for B-school graduates where even the best global schools were averaging about 40-50 per cent recruitments. In this backdrop, ISB had managed to place about 80 per cent of its students even before the course was completed.
With an average salary package of about Rs 9.1 lakh per annum, the graduates have been picked up by Capital One, BCG, Bombardier, Mckenzie and Novartis. Among the Indian firms Dr Reddy's, HLL and Shaw Wallace were among the recruiters.
"The recruitment process is on and majors such as Goldman Sachs, Lehman Brothers, the Sun Group and a few others are yet to complete their recruitments. The process is much tougher as most companies are looking at lateral recruitments,'' Mr Sinha said.
Interestingly, several Indian companies have picked up ISB batch of 2001. Infosys, Ranbaxy, Dr Reddy's, Infotech, Godrej and HLL were among those who evinced interest.
While the Class of 2001, comprising about 126 students, was set to complete the course by April, the school has increased the number of student intake to 200 this year. As against a 15:85 ratio of women and men in the first year, it is now 21:79. The facility was designed to host about 500 people and it may be ramped further.
With the executive programme to be strengthened, the school was now seeking to lay special thrust on faculty addition and research. Many ideas were brought here from across the world and it was time the school generated research that met others' requirements, Mr Sinha pointed out.
Towards this end, the ISB, which is associated with Wharton, Kellogg and the London School of Business, has also partnered with IIT- Bombay for a synergy of technology and management ideas.
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