Salaries at ISB placements rise 14%; Andhra Pradesh Govt makes 11 offers
This is the first time that Andhra Pradesh Goverment has made offers to MBA students from Indian School of Business as 'Chief Minister's Fellows'.
In the gloom of the global and the slowing Indian economy, the Indian School of Business (ISB) has reported a 10% rise in the number of offers made to the 2016 batch of its flagship post graduate programme in management.
The average increase in salaries was 14%, while the highest salary offered by a domestic employer stood at over Rs 70 lakh per annum, it said.
However, what is more interesting is that fact that the Chandrababu Naidu-led Andhra Pradesh Goverment has made offers to 11 students at the MBA institute. For the first time, the government of Andhra Pradesh extended offers to 11 students, with a view to hire them as 'Chief Minister's Fellows' to support the emerging state on strategic initiatives and implementation of policies, it said.
There are 812 students in the batch.
The data comes amid concerns on global economic headwinds and sluggish economic growth domestically.
The institute said the quality of the offers has improved this year, with 92 offers being made for senior leadership roles and global leadership programmes.
Top consulting firms like McKinsey, BCG, EY, Deloitte and KPMG accounted for 19% of the offers.
Tech firms like Microsoft, Apple, Philips, HCL and Tech Mahindra gave 11% of the offers, while the e-commerce companies like Amazon and Flipkart accounted for 10% of the offers.
Startups accounted for 7% of the offers across sectors like technology, telecom, e-commerce,transportation and education, it said.
"Large corporates and startups alike competed to hire talent from the two campuses (in Hyderabad and Mohali) resulting in an all-time high number of offers at 1,093," it said in a statement, adding that this is a 10.2% increase from the year ago period.