The class of 2011 at the Indian School of Business (ISB) has seen an increase in the number of offers from 541 to 661 which is claimed to be the highest ever number of offers after the economic crisis period in 2008 which had 657 offers. Though there was a fall in the number of participating companies from 346 to 310, ISB officials said that about 100 students got more than one offer which reflect that the companies are in an expansion mode.
Announcing the results, Ajit Rangnekar, Dean, said that the class of 2011, has secured the highest number of offers. This year, 310 companies made 661 offers to the students. ?The offers was a 22% increase over last year with 35% growth in international offers,” he said. Without disclosing the salary figures, he said that the average outgoing CTC was 2.3 times average incoming CTC. The number of domestic offers increased by 19% which meant a revival in the economy.
About 552 students of the 569 students of the class of 2011 participated in the rolling placement process that kicked off in January this year. Incidentally, the number of women students in the class of 2011 were 160 and the CTC increased by 2.4 times, he said adding that there was higher recruiters’ and student satisfaction during this year.
This year witnessed an overall rise in CTC levels across the international offers with a 35% hike with 83 offers being made by 73 companies from 19 cities across the globe including Middle East, Europe, Asia-Pacific, Africa and North America.