The Indian School of Business has announced that almost all students from its second batch of one-year post graduate programme in management have been recruited by foreign and domestic companies.
Vijay Mahajan, the dean of ISB, said 142 companies participated in the recruitment for 169 students. Of the 213 offers made thus far, 12 were for overseas positions. ISB claims that most of the offers were for lateral positions and several at senior management levels.
The recruitment process, which started in January 2003, will be concluded by month-end 'with fewer than, 10 students still in the placement process'. "We will continue to do our best to help them find jobs of their choice," the dean said.
Kumar Mangalam Birla, the chairman of the Aditya Birla group, presented graduation certificates to the students at a function in Hyderabad.
"Despite the continuing economic downturn and uncertainty in global markets, we have attracted high-quality recruiters including global names such as HSBC, Novartis, Astra Zeneca, Ispat International and i-Gate Technologies," Mahajan said.
ISB follows a rolling placement model, which is different from the process at most Indian business schools. The programme is spread over several months during which companies visit the campus and evaluate prospective business managers.
ISB, which has formal affiliations with the Kellogg School of Management, Wharton School and London Business School, says that it aims to be a source of quality lateral hires.
The new batch, which will graduate in 2004, will begin its classes next month with 200 students. "Over a period of time, the number will be scaled up to over 500, making ISB the largest management institute in the country," Mahajan added. He said that ISB in the last one year has consolidated its financial, human and intellectual capabilities.
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