Average annual salary offered is Rs.18.83 lakh, 8 p.c. more than last year
Top global companies have picked up Indian School of Business (ISB) graduates this year with an average annual salary of Rs.18.83 lakh, an increase of 8 per cent over last year, for the middle 80 per cent of the ‘Class of 2012'.
There was a significant increase in the offers for various ‘Global Leadership Programmes' by leading companies. As many as 87 offers were made for such roles by 27 companies as against 28 offers by 19 companies last year.
The company chooses highly talented professionals under these fast track leadership programmes and grooms them for senior management roles, according to an ISB release here on Friday.
The participating companies for Global Leadership Programme included Abbott, Aditya Birla group, Bharti Airtel, Citibank, DuPont, GE, Pfizer, Siemens AG and HCL Technologies.
In all 631 offers from 348 companies were received. The average outgoing CTC for the class was 2.1 times the average incoming CTC, while for women students it was 2.8 times.
The consultancy sector, including AT Kearney, Accenture, Booz & Co, Deloitte, among others, continued to be the leader, accounting for over 30 per cent of the offers. This was followed by Technology sector with 28 per cent of the offers from companies such as Apple, Cognizant, Facebook, Google, IBM India, Microsoft, Siemens AG and Infosys.
Notwithstanding the tentative sentiment in the global economy, there was an increase in the participation of international companies in the placements. There were 93 offers from 11 countries, including the USA, the UK, Italy, Switzerland, Germany and Singapore. The companies include Apple, Astra Zeneca, Bloomberg, Goldman Sachs, Delta Partners and GE.
Offers from e-commerce and digital space companies increased to 28 this year as against six last year. The companies included Amazon, Cleartrip and Flipkart. Pharma and Biotech sectors too continued to be in demand with 41 offers as against 30 last year.
According to V.K. Menon, Senior Director (careers and admissions), ISB, the total number of offers and enhanced salaries reflected the demand for management talent from India.
The increase in offers from international companies showed that the need for talent was quite robust irrespective of the economic conditions.