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ISB student offered Rs 1 cr plus salary

The Indian School of Business reported a 21 per cent jump in the average global salary offered to its students.

india Updated: Apr 05, 2006 18:12 IST
Press Trust of India
Press Trust of India

The Indian School of Business reported on Wednesday a 21 per cent jump in the average international salary offered to its students, with the highest offer crossing a Rs 1 crore annual package.

"This year four of our students crossed the salary package of $2,00,000 with the highest offered being at $2,33,800 (approximately Rs 1.04 crore)," Indian School of Business Deputy Dean Ajit Rangnekar told reporters in New Delhi.

He said the highest international salary was offered by an Indian technology company for a global leadership position.

The average international salary stood at $1,20,700 (approximately Rs 53.5 lakh), which is up 21 per cent from that of last year, he said.

The domestic average salary also witnessed an increase of 18 per cent at Rs 11.77 lakh, while the highest Indian salary for an ISB student this year was Rs 30.33 lakh, Rangnekar said.

Of the top four students getting the highest salary offers, two were women, he said.

The highest international offer made to a woman student this year stood at $2,23,400 (approximately Rs 1.01 crore), while in the domestic scene it was Rs 20 lakh. The average salary offered to women students stood at Rs 9.89 lakh.

Out of 345 students in the 2006 batch, 328 took part in the placement process and over 145 companies visited the school campus, he said.

"A total of 425 offers were made to our students, which is up 21 per cent from last year," he added.

First Published: Apr 05, 2006 14:40 IST