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ISB graduate gets £140,000 overseas job offer

Syed Amin Jafri in Hyderabad

One of the graduates from the founding class of the Indian School of Business has got the highest overseas offer of £140,000, while another student received an offer of an annual domestic salary of Rs 2.8 million.

At the ISB's first convocation ceremony in Hyderabad on Sunday, ISB outgoing dean Dr Pramath Sinha said that "some of graduates from the ISB's founding class are starting their careers with leading multinational companies as well as other top Indian companies."

"It is a matter of great pride to us that most of our graduates are joining at lateral positions and will work at senior manager or general manager levels. One of graduates will head country-wide operations of one of the divisions of Bombardier," Sinha pointed out.

The ISB's first post-graduate programme began in July 2001 with 130 students from diverse academic and professional backgrounds. The founding class of 128 students completed their last term on Friday. They had average GMAT scores of 690, average age of 26 years and work experience of 4.6 years.

Sinha said companies visited ISB for recruitment, making 190 offers in all, including 27 offers for overseas positions and 163 offers for domestic positions.

The average overseas salary offered is $82,000 and the average Indian salary offer is for Rs 840,000. Incidentally, 159 of the offers made on campus are for higher-than-entry-level positions.

For comparison, the average rupee salary of the batch before joining the ISB was Rs 336,000.

The highest domestic salary offered is Rs 2.8 million from the Canada-based Bombardier, an aircraft and rail transportation company, for a position in India.

The highest global salary offered is £140,000 from Lehman Brothers, which maintains global leadership position in equity and fixed income sales, trading, research and investment banking.

The global recruiters include Bombardier, Capital One, Goldman Sachs, InfoUSA. Jumbo Electronics, Lehman Brothers, Novartis for their global operations, and Indian companies Infosys, Satyam, NIIT and Dr Reddy's Laboratories for overseas positions.

Domestic recruiters include Citibank, GE, GE Capital, HSBC, Standard Chartered Bank, Coca Cola, Hindustan Lever, Glaxo-SmithKline, Hughes Software Systems, Gillette India, Godrej-Sara Lee, Whirlpool Corporation, ICICI, ITC, HDFC and Reliance Infocom, Feedback Ventures, Shaw Wallace, Marico, Piramal, TCS, Patni Computer Systems, among others.

Promoted by top Indian corporate houses and MNCs, including Fortune-500 companies, the ISB's governing board comprises of business leaders, entrepreneurs and academicians from some of the world's leading business and management education institutions.

ISB has formal affiliations with the Kellogg School of Management, the Wharton School -- both of the US, and London Business School (UK).

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