In a world where any job offer is better than no offer, a graduate of the Indian School of Business in Hyderabad has walked away with a Rs 1.18 crore (over 274,000 dollars) annual package at the end of another great year of placements at the campus.
The student from the Class of 2007 attracted the highest international cost-to-company annual package of Rs 1.18 crore, while the average global CTC stood at Rs 59.5 lakh, the school's dean M Rammohan Rao said, announcing the results of the placement season.
"The placement results for 2007 have been outstanding. There has been a sharp increase in the CTC level and our students have shown immense confidence in making choices that suit long term career prospects over immediate salaries," he said.
The Class of 2007 received offers from a variety of companies and industries, he said.
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 several new sectors made offers to ISB graduates, namely real estate, oil and energy, media, manufacturing, micro-finance, NGO, education, healthcare etc.
The Class 2007 had 416 students graduating the Post Graduate Programme in Management, of these 414 students participated in the placement process.
Over 200 companies visited the campus during the last few months making a total number of 584 offers.