The 2021 final placement report for ISB has been released, and the institute has seen a significant increase in the average and median salaries offered to the PGP batch. Though the total number of offers extended reduced as compared to last year, there has been an increase in the ratio of offers per student, which is at a five year high. In 2021, Consulting was the most sought after function for ISB's batch of 2021, with 34 percent of the batch opting for Consulting roles. Here are all the key highlights from ISB's 2021 PGP final placement report.
Five Key Highlights From ISB's 2021 Final Placement Report
- The average of the mid-80 percent of salaries stood at INR 27.13 lakhs, which was an increase of 8% over the previous year.
- The median of the mid-80 percent of salaries stood at INR 27.00 lakhs, which was an increase of 12% over the previous year.
- A total of 1195 offers were extended to ISB's batch of 2021, implying an offers per student ratio of 1.73, which is the highest in five years.
- Consulting, Technology, and BFSI were the most sought-after sectors for the batch of 2021, while Consulting, Sales & Marketing, and Product Management were the most sought-after functions for the batch. Consulting was clearly the industry/function of choice for the biggest chunk of ISB's class of 2021.
- A total of 308 recruiters participated in the final placement process, including 95 first time recruiters who extended 125+ offers to the batch. In the recruitment process, 31 companies gave more than 10 offers each.
12% Increase In Median Salary, 8% Increase In Average Salary For ISB's PGP Batch of 2021
The Indian School of Business saw an increase of 8% in the average of the mid-80% of salaries offered to the 2021 batch, and a 12% increase in the median of the mid-80% of salaries offered to the batch of 2021. In a pandemic year, ISB is one of the few top-ranked Indian business schools (including the IIMs) that has shown a double digit growth in its median salary for its PGP batch.
How do ISB's salaries compare with those of the top-ranked IIMs? In 2021, the average salary offered to ISB's batch was lesser than the average salaries offered to the PGP batches at IIMs Bangalore and Calcutta.
Product Development, Technology, Consulting & Operations Roles Give Highest Average Salaries To ISB's Batch of 2021
In 2021, the highest average salary (mid-80%) offered to the 2021 batch at ISB was offered for a Product Development role and stood at INR 34.50 lakhs. The (relatively) lowest average salary stood at INR 21.00 lakhs for HR roles.
ISB's Batch of 2021 Flocks To Consulting, Sales & Marketing, Product Management Jobs
Consulting has always been one of the most sought-after (if not the most sought-after) function for ISB graduates in the past five years. In 2021, the popularity of Consulting as a function has soared significantly, with a whopping 34% of the batch of 2021 opting for Consulting roles after their MBA. Consulting offers were rolled out by top firms such as Accenture, Kearney, Bain, McKinsey, EY, and KPMG amongst others.
Product Management and Sales & Marketing were the next most sought-after domains for ISB's batch of 2021. Over the past five years, MBA students' interest in Sales & Marketing appears to be waning, though it still features amongst the top three most sought-after functions for MBA grads at ISB.
In 2021, the IT/ITES sector offered roles in Product Management, Program Management, and Consulting. Companies from this sector included Electronic Arts, Genpact, Microsoft, RB, ThoughtWorks, Nagarro and HCL Technologies amongst others.
Within the E-Commerce industry, companies like Amazon, CloudTail, Flipkart, Myntra, and Zomato (amongst others) that offered multiple roles in product, sales, project management, strategy and operations.
A total of 81 leadership roles were offered to the PGP Class of 2021 at ISB, and students were hired for Leadership & Management Training programs of companies across various sectors. Some of the leading participants offering these roles were Arthur D. Little, Bajaj Finserv, IndiGo Airlines, Shadowfax, Uber, and Wells Fargo amongst others.
Within the BFSI sector, leading private sector and multi-national banks along with top investment management and PE firms picked up talent from ISB. Companies from this sector included but were not limited to American Express, Axis Bank, Citibank, Credit Suisse, PayTM, Yes Bank, and DBS Bank. Various ISB students were placed internationally as well, in locations such as Hong Kong, Singapore, Indonesia, Thailand, Malaysia, and the UAE.