The Indian School of Business (ISB) this year reported the highest international cost-to-company (CTC) annual package of $2,69,000 (Rs 1.18 crore), while the average global CTC stood at $1,35,000 (Rs 59.5 lakh). The average Indian CTC offered was Rs 15.03 lakh with the highest domestic offer being Rs 43.91 lakh. Last year, the average global CTC for ISB students was Rs 53.5 lakh with the highest package of $2,33,800 (Rs 1.04 crore), while the average Indian salary stood at Rs 11.77 lakh with the highest CTC at Rs 30.33 lakh. The year saw a large number of students opting for domestic offers over international offers. "India is becoming the most attractive destination for our students, and only a few students applied for international offers this year. Many ISB students come with international work experience, and after a year of learning and exposure to global faculty and management practices they are keen to develop careers in India," Ajit Rangnekar, deputy dean, ISB told mediapersons while announcing the placement results of ISB's Class of 2007 in Hyderabad today. He said that often 'Return to India' was becoming a part of the package in international offers, and job content and location were increasingly becoming top priorities for selecting an offer. "Around five to six students, whose CTC when translated into rupees, crossed the Rs 1-crore mark from international offers," he said.The recruiting companies this year included Tishman Speyer, John Lang LaSalle, Cognizant, Techmahindra, Arcelor Mittal, Hutchison Essar, Cisco, ABP, Amazon, Google, Yahoo, Genpact, Infosys BPO, IBM India, Kanbay and Mindtree Consulting. "The class of 2007 received offers from a variety of companies and industries. The number of offers from financial services sector more than doubled to 97 offers this year while a large number of offers continued to come from consulting companies. Companies from exiting new sectors including real estate, oil and energy, media, manufacturing, microfinance, NGO, education and healthcare, made offers to the ISB students," Rangnekar said. Interestingly, around 9% of the Class of 2007 settled for offers worth less than Rs 10 lakh. "This is because these students made dramatic career shifts and therefore declined higher compensations," Rangnekar said. According to him, for the first time in ISB, a company recruited two groups of students as core management teams this year to run stand-alone businesses. "Two groups of 4-5 students were recruited together as the core management team for specific projects along with the full responsibility of setting up the project from ground zero and leading it to become a success. The company has offered students both CTC and equity stakes in the project making it an attractive option for students with an entrepreneurial bent of mind," he added. The Class of 2007 has 416 students of which 414 participated in the placements process, and over 202 companies, including 45 international firms, visited the ISB for recruitment this year. A total of 584 offers have been made, of which 55 are from international companies. Last year, around 143 companies participated in the placements process at the ISB.
