Marquee recruiters made premium offers, with consulting leading the pack by making 25.04% of the offers, followed by IT/ITeS (18.59%), e-commerce (10.55%) and BFSI (10.13%).
Vinay Umarji reports.
In an unprecedented final placements season that began a week ago at the Indian School of Business at its Hyderabad and Mohali campuses, offers have risen by 46 per cent over the same period last year.
Average annual compensation packages in terms of cost-to-company (CTC) rose by 10% in the first week to Rs 2.51 million as against Rs 2.27 million last year.
In the first week of the final placements process at the ISB, recruiters made 1,194 offers as against 816 in the corresponding period last year.
The number of offers bagged by the ISB in the first week is also 5% higher than that in the previous final placement season at 1,136.
The number of offers made by each recruiter has risen significantly this year in the first week of placements.
According to Kumara Guru DNV, director, external relations, ISB, as compared to 6.13 offers per recruiter last year for week one, this year it has risen to 6.94 offers per firm.
The ISB, which will be placing a combined batch of 886 students from both the campuses this year, follows a system of 'rolling placements', a lateral hiring process spread over several weeks till February-March every year.
The number of companies visiting the campuses in the first week of placements has risen by 29% to 172 this year as against 133 last year.
Marquee recruiters from various sectors made premium offers, with consulting leading the pack by making 25.04% of the offers, followed by IT/ITeS (18.59%), e-commerce (10.55%) and BFSI (10.13%).
With Deloitte, Accenture and Amazon being the top recruiters so far, around 18 companies made more than 15 offers each.
Apart from these, companies like Bain & Co, BCG, Deloitte, Flipkart, Google, HDFC Bank, LEK Consulting, McKinsey, Microsoft, Oyo Rooms, Reliance Industries, Rivigo, Samsung, and Uber reported their largest single-campus hiring from the ISB this season.
"In some cases, the ISB is the only campus where some of these companies visit for their India placements. The unprecedented number of offers, so early in the process, is a vote of confidence in the quality of ISB students," said Rajendra Srivastava, dean, ISB.
In terms of profiles too, the ISB has had a jump-start with close to 30 companies bringing in leadership roles to the campus.
"These are large and leading companies who have brought CXO level of offers with roles like that of director of strategy to the campus," said Kumara Guru.