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 Report 2023
Below is the current placement report for the 2023 class for the PGP course:
| Particulars | ISB Placements Statistics 2023 |
| Total Number of Recruiters | 222 |
| Total Number of First-Time Recruiters | 30 |
| Offers Received | 1578 |
| International Offers Received | 36 |
| Average Package (INR) | 34.21 LPA |
| Percentage of Female Students in Batch | 36% |
| Percentage of Job Offers to Women | 40% |
| Top Function | Consulting & Product Management |
Past ISB Placements Reports and Trends
2022 and 2021 ISB Placements Report
| Particulars | Placements Statistics 2021 | Placements Statistics 2022 |
| Number of Recruiters | 308 | 393 |
| Number of Placement Offers | 1195 | 2072 |
| Batch Size | 690 | 929 |
| Offers Per Student | 1.7 | 2.2 |
| Highest salary (INR) | 72 LPA | 60 LPA |
| Mid 80% Average salary (INR) | 27.13 LPA | 32.76 LPA |
| Mid 80% Median salary (INR) | 27 LPA | 31 LPA |
| Average salary (INR) | 27.13 LPA | 34.07 LPA |
| Top recruiters | Amazon, Flipkart, Boston Consulting Group, Honeywell | Axis 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
| Particulars | 2022 | 2021 | 2020 |
| Number of recruiters | 393 | 308 | 433 |
| Number of offer placement | 2072 | 1195 | 1504 |
| Batch size | 929 | 690 | 890 |
| Offers per student | 2.2 | 1.7 | 1.7 |
| Mid 80% average salary (INR) | 32.76 LPA | 27.13 LPA | 25.06 LPA |
| Mid 80% median salary (INR) | 31 LPA | 27 LPA | 24.10 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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ISB average salary trends
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.
| YEAR | AVERAGE SALARY (LPA) |
| 2023 | 34.21 |
| 2022 | 34.08 |
| 2021 | 27.13 |
| 2020 | 25.06 |
| 2019 | 24.35 |
| 2018 | 22.13 |
| 2017 | 20.9 |
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 offers | 2021 | 2022 |
| Banking, Financial Services and Insurance (BFSI) | 10% | 12% |
| Consulting | 33% | 37% |
| E-commerce | 3% | 9% |
| Education | 2% | 1% |
| FMCG | 5% | 5% |
| Healthcare | 5% | 3% |
| IT/ITES | 17% | 12% |
| Media/PR | 1% | 2% |
| Others | 3% | 6% |
| Real Estate | 2% | 1% |
| Technology | 11% | 4% |
| Telecom | 2% | 2% |
| Urban mobility | 3% | 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.
| Industry | 80th Percentile Average Salary (INR) | Salary range (INR) |
| Banking, Financial Services and Insurance (BFSI) | 34.88 LPA | 24.5 LPA – 60 LPA |
| Consulting | 33.38 LPA | 25 LPA – 47 LPA |
| E-commerce | 33.32 LPA | 27 LPA – 54 LPA |
| Education | 28.05 LPA | 27.5 LPA – 28.5 LPA |
| FMCG | 26.49 LPA | 14.9 LPA – 29.6 LPA |
| Healthcare | 31.64 LPA | 22 LPA – 39 LPA |
| IT/ITES | 33.51 LPA | 24 LPA – 56 LPA |
| Manufacturing | 27.50 LPA | 27 LPA – 28.5 LPA |
| Media/PR | 29.65 LPA | 21 LPA – 45.5 LPA |
| Others | 36.59 LPA | 25 LPA – 40 LPA |
| Real Estate | 28 LPA | 28 LPA |
| Technology | 36.66 LPA | 28.7 LPA – 51 LPA |
| Telecom | 32.46 LPA | 32 LPA – 35 LPA |
| Urban Mobility | 37.34 LPA | 34.6 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 offer | 2021 | 2022 |
| Analytics | 3% | 3% |
| Consulting | 34% | 37% |
| Finance | 5% | 7% |
| General management | 12% | 9% |
| Operations | 4% | 4% |
| Product management | 14% | 12% |
| Sales and marketing | 14% | 18% |
| Technology | 7% | 4% |
| Others | 5% | 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.
| Functions | 80th Percentile Average Salary (INR) | Salary range (INR) |
| Analytics | 32.49 LPA | 28.5 LPA – 36 LPA |
| Consulting | 33.49 LPA | 25 LPA – 47.4 LPA |
| Finance | 29.34 LPA | 24.5 LPA – 38 LPA |
| General Management | 30.89 LPA | 22 LPA – 50 LPA |
| Operations | 31.62 LPA | 27 LPA – 44 LPA |
| Product Management | 34.50 LPA | 24.9 LPA – 54 LPA |
| Sales & Marketing | 29.91 LPA | 24 LPA – 39 LPA |
| Technology | 44.65 LPA | 28.5 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 companies | BFSI | IT/ITES/Technology, E-commerce | FMCG |
| Accenture Solutions Pvt. Ltd | Axis | Atlassian | AB InBev |
| Alvarez and Marsal India Private Limited | Barclays | BeatO | Colgate |
| Arthur D. Little | Capitel Partners | Cisco | HUL |
| Bain & Company India Pvt. Ltd | Citibank | Electronic Arts | ITC |
| Dalberg and Intueri Consulting LLP | Credit Suisse | Flipkart | L’Oreal |
| Deloitte India, USI | ICICI | HiLabs | Procter and Gamble |
| Ernst & Young LLP | VC firm Matrix Partners | Microsoft | Samsung |
| EVERSANA | Wells Fargo | Myntra | |
| GEP Solutions | Yes Bank | Nykaa | |
| Kearny | Ola Electric | ||
| KPMG | RazorPay | ||
| L.E.K Consulting | Uber | ||
| McKinsey & Company | Zynga | ||
| PwC | |||
| ZS Associates |
Top Recruiting Companies
The top recruiting companies for 2022 were as below:
| Axis Bank | Hindustan Unilever Limited | Genpact |
| Godrej Industries Ltd | Praxis Global Alliance | MPS Limited |
| Wipro Ltd | ZS Associates Pvt Ltd | CK Birla Group |
| KPMG | Reliance Industries Ltd | Tech Mahindra Ltd |
| DBS Bank | Deloitte USI | Sorocco 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.
