The class of 2014 at the Indian School of Business (ISB) has received about 20 per cent more job offers than last year's batch, driven largely by big recruiters and an increasing number of start-ups tapping the business school this time.
The post-graduate management programme's 770 students got a total of 831 offers compared with 697 last year. The school with campuses in Hyderabad and Mohali is upbeat because about 85 per cent of its students have been placed compared with around 65 per cent at this time last year.
V. K. Menon, Senior Director, Admissions and Career Services, ISB, Hyderabad, said some of the top 25 recruiters, especially consultants such as Deloitte and McKinsey, and technology companies such as Microsoft and Amazon, increased their offers by 20 per cent over last year.
"This year witnessed a 50 per cent increase in the number of start-up companies participating in the placements process. Representing sectors such as technology, telecom, e-commerce, transportation and education, many of these companies offered senior management roles such as head, corporate finance; head, operations; GM, International Relations, etc. Many of the VCs funding these companies were also seen participating actively with the promoters in the hiring process," ISB said in a statement.
The school said 46 start-ups made 48 offers compared with 32 companies that made 26 offers last year. Some start-ups were BankBazaar.com, an online marketplace for customised financial products; Proptiger, an online platform offering best deals on properties; Kirusa, a mobile Social Media and value added service provider; Zipdial, a mobile marketing and analytics platform provider; and Zomato, an online restaurant guide.
"Technology and consulting sectors continue to be the largest recruiting sectors constituting 35 per cent (287) and 21 per cent (171) of the total number of offers so far," the statement said. "E-commerce constitutes a larger piece of the technology pie as e-commerce companies made a total of 81 offers constituting about 28 per cent of the overall technology offers."
Among the 63 international offers made, a noticeable feature this year was that a good number came from companies in West Asia, which offered roles and packages on par with Western companies. Since many ISB students already have international work experience, a global companies often zero in on ISB students for senior management positions.
V. K. Menon, Senior Director (Admissions & Career Services), ISB Hyderabad, says the rising econom of the countries in West Asia is one of the key reasons. "Even a couple of years ago, hiring from the Middle-East was low. But from the end of 2012, it picked up and for the current class, it's gone up further. The 2022 FIFA World Cup to be held in Qatar is leading to major construction activity. Besides, Dubai is becoming a new holiday destination after popular destinations such as Egypt. The region is looking up to hire good lateral talent."
The placement process at ISB will go on till April.
A number of other B-schools have posted satisfactory placement results this year. XLRI (Xavier School of management) had 100 per cent placement for its current outgoing batch of 2012/14 by mid-February. The final recruitment process saw participation from 103 recruiters that included over 32 new recruiters and 254 offers were made for a batch of 245 students over 3.5 days.
In the last week of February, the placement process for the graduating batch of the Post Graduate Programme (PGP) in Management at IIM Ahmedabad was completed for its 378-strong class of 2014 within three clusters. More than 125 firms participated in the process this year, including the laterals.
Accenture Strategy was the top recruiter across segments and recruited 18 students. In the strategy-consulting domain, apart from Accenture Strategy, The Boston Consulting Group extended 15 offers to students while A.T. Kearney, Bain & Company and McKinsey & Company extended seven offers each.