ISB Placements 2024 – Average salary of 34.21 Lakhs and 1578 offers made

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The Indian School of Business (ISB) is one of the premier B-schools in the country, renowned for its exceptional curriculum, world-class faculty, and outstanding placement opportunities.

This year, ISB has once again proved its mettle by securing a record-breaking number of offers from 222 recruiters who participated in the campus placement process. The ISB placements season 2023 witnessed a staggering 1578 job offers being made to the students.

Furthermore, the average salary offered to the students has surged to an all-time high of INR 34.21 Lakhs per annum, indicating a strong demand for ISB graduates in the industry. This article will delve into the details of the placement process, the top recruiters and the salaries offered, providing a comprehensive overview of the ISB placement season.

ISB Placements

ISB Placements Report 2023

Below is the current placement report for the 2023 class for the PGP course:

ParticularsISB Placements Statistics 2023
Total Number of Recruiters222
Total Number of First-Time Recruiters30
Offers Received 1578
International Offers Received36
Average Package (INR)34.21 LPA
Percentage of Female Students in Batch36%
Percentage of Job Offers to Women40%
Top FunctionConsulting & Product Management

2022 and 2021 ISB Placements Report

ParticularsPlacements Statistics 2021Placements Statistics 2022
Number of Recruiters308393
Number of Placement Offers11952072
Batch Size690929
Offers Per Student1.72.2
Highest salary (INR)72 LPA60 LPA
Mid 80% Average salary (INR)27.13 LPA32.76 LPA
Mid 80% Median salary (INR)27 LPA31 LPA
Average salary (INR)27.13 LPA34.07 LPA
Top recruitersAmazon, Flipkart, Boston Consulting Group, HoneywellAxis Bank, KPMG, Wipro Ltd, CK Birla Group

During the 2022 placements at ISB, 393 recruiters visited the campus. Axis Bank, KPMG, Wipro Ltd., CK Birla Group, and many others were the major recruiters during the year. There were 2072 placement offers made to students during the year. 

The average number of offers per student stood at an average of 2.2. Additionally, the students received INR 34.07 LPA as an average salary. The average 80% highest salary (considering the salaries of the top 80% of students) stood at INR 60 LPA, while the average salary stood at INR 32.76 LPA, and the median salary per student was INR 31 LPA.

ISB Placements Trend Chart

Particulars202220212020
Number of recruiters393308433
Number of offer placement207211951504
Batch size929690890
Offers per student2.21.71.7
Mid 80% average salary (INR)32.76 LPA27.13 LPA25.06 LPA
Mid 80% median salary (INR)31 LPA27 LPA24.10 LPA

The following trend was noticed in the charts above:

  • The number of recruiters increased from 308 to 393.
  • Total placement offers increased from 1195 to 2072.
  • The batch size increased from 690 to 929.
  • Offers per student also increased from 1.70 to 2.20.
  • Mid 80% average salary increased from INR (27.13 LPA to 32.76 LPA).
  • Mid 80% median salary increased from INR (27 LPA to 31 LPA). 

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Over the years, the salary offered has been steadily increasing, and this year is no different. Average salaries increased by 0.13 lakhs over the previous year.

YEARAVERAGE SALARY (LPA)
202334.21
202234.08
202127.13
202025.06
201924.35
201822.13
201720.9

ISB PGP Employment Statistics

Let us explore the industry-wise PGP 2022 class employment report, both as per Industry and Function.

Employment by Industry

37% of the 2022 ISB PGP class found employment in Consulting. And another 12% found themselves a job in the IT/ITES sector, while 12% went on to pursue a career in the industry of Banking, Financial Services, and Insurance.

More details are in the below table:

Industry-wise offers20212022
Banking, Financial Services and Insurance (BFSI)10%12%
Consulting33%37%
E-commerce 3%9%
Education 2%1%
FMCG5%5%
Healthcare 5%3%
IT/ITES17%12%
Media/PR1%2%
Others3%6%
Real Estate 2%1%
Technology11%4%
Telecom2%2%
Urban mobility3%1%

(Figures may not total 100% due to rounding)

The highest 80th percentile average salary among the students was in the Urban Mobility Industry sector with 37.34 LPA. Technology had the next-highest average with 36.66 LPA.

Industry80th Percentile Average Salary (INR)Salary range (INR)
Banking, Financial Services and Insurance (BFSI)34.88 LPA24.5 LPA – 60 LPA
Consulting33.38 LPA25 LPA – 47 LPA
E-commerce33.32 LPA27 LPA – 54 LPA
Education 28.05 LPA27.5 LPA – 28.5 LPA
FMCG26.49 LPA14.9 LPA – 29.6 LPA
Healthcare 31.64 LPA22 LPA – 39 LPA
IT/ITES33.51 LPA24 LPA – 56 LPA
Manufacturing27.50 LPA27 LPA – 28.5 LPA
Media/PR29.65 LPA21 LPA – 45.5 LPA
Others36.59 LPA25 LPA – 40 LPA
Real Estate 28 LPA28 LPA
Technology36.66 LPA28.7 LPA – 51 LPA
Telecom32.46 LPA32 LPA – 35 LPA
Urban Mobility37.34 LPA34.6 LPA – 39 LPA

Employment by function

In the 2022 ISB PGP class, 37% of the students found themselves employed in Consulting, followed by 18% in Sales and marketing, and 12% in Product Management.

More details are below:

Function wise offer20212022
Analytics3%3%
Consulting34%37%
Finance5%7%
General management12%9%
Operations4%4%
Product management14%12%
Sales and marketing14%18%
Technology7%4%
Others5%6%

(Figures may not total 100% due to rounding)

The highest 80th percentile average salary among the students came from the function of Technology, with the average being 44.65 LPA. Product Management had the next highest with 34.5 LPA, followed by Consulting with 33.49 LPA.

Functions80th Percentile Average Salary (INR)Salary range (INR)
Analytics32.49 LPA28.5 LPA – 36 LPA
Consulting33.49 LPA25 LPA – 47.4 LPA
Finance29.34 LPA24.5 LPA – 38 LPA
General Management30.89 LPA22 LPA – 50 LPA
Operations31.62 LPA27 LPA – 44 LPA
Product Management34.50 LPA24.9 LPA – 54 LPA
Sales & Marketing29.91 LPA24 LPA – 39 LPA
Technology44.65 LPA28.5 LPA

Recruiting companies for the placements in ISB

Every year, there is a multitude of companies that partner up with ISB to fulfill their talent requirement. Among them the most well-known companies from each sector are as below:

Consulting companiesBFSIIT/ITES/Technology, E-commerceFMCG
Accenture Solutions Pvt. LtdAxisAtlassianAB InBev
Alvarez and Marsal India Private LimitedBarclaysBeatOColgate
Arthur D. LittleCapitel PartnersCiscoHUL
Bain & Company India Pvt. LtdCitibankElectronic ArtsITC
Dalberg and Intueri Consulting LLPCredit SuisseFlipkartL’Oreal 
Deloitte India, USIICICIHiLabsProcter and Gamble 
Ernst & Young LLPVC firm Matrix PartnersMicrosoftSamsung
EVERSANAWells FargoMyntra
GEP SolutionsYes BankNykaa
KearnyOla Electric
KPMGRazorPay
L.E.K ConsultingUber
McKinsey & CompanyZynga
PwC
ZS Associates

Top Recruiting Companies

The top recruiting companies for 2022 were as below:

Axis BankHindustan Unilever LimitedGenpact
Godrej Industries LtdPraxis Global AllianceMPS Limited
Wipro LtdZS Associates Pvt LtdCK Birla Group
KPMGReliance Industries LtdTech Mahindra Ltd
DBS BankDeloitte USISorocco Ltd

Roles offered in the placements at ISB

Following the PGP course at ISB, students are placed in various roles across various industries. Some of the roles that can be expected are:

  • Vice President – Strategy & CFO Services, Lead Digital Transformation, Delivery Head, Global Operating Leaders
  • Assistant Vice President – Operations
  • Head – Commercial Process
  • Director – Strategy
  • Deputy General Manager – Sales & Marketing
  • Client Partner – Sales & Marketing
  • Assisting CEO & Director – Business transformation/ Value driven projects
  • Senior Manager – Global Growth
  • AGM – Design Strategy
  • Strategic Business Change Consultant

Final Thoughts (How Admit Expert can help)

If reading about ISB has piqued your interest and you’re considering applying to the PGP program at ISB, Admit Expert is here to assist with the application process. Our ISB package provides exclusive access to alumni consultants who can guide you through every step of the process. We’re proud to say that all of our students who applied to ISB through us received interview invitations and 80% of those who interviewed secured admissions to ISB.

Our numbers certainly speak for themselves. So, it’s time now to stop reading and take action. If you’re ready to take the next step, visit our website to learn more about our pricing and services. We’re committed to helping you achieve your goals and succeed in your application to ISB.

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