Placement Season at ISB Hyderabad gets Extended Indefinitely
- Thursday, April 2, 2009, 1:47
- Editorial, In Focus, Non-IIM B-Schools
- 9,508 views
- 33 comments
Following the now-familiar trend of this year’s placements at all top business schools, ISB Hyderabad, which ranked 15th in the 2008 Global MBA Rankings released by the Financial Times, had to extend its placement season indefinitely, as per latest reports making rounds in media circle.
ISB has always followed Rolling Placement system, which anyway spans over a period of two months. But this year, the school sensed that the economic slowdown would hit the placements, and had started inviting new companies for campus recruitment around November 2008. Usually, ISB wraps up its placements by March end, the last top-tier institution to do so, due to its rolling placement system, and holds its Convocation Ceremony in first week of April. But this year, with the commencing of April, only 57% of ISB batch has been placed so far, leaving ISB no choice but to extend its placement season still further.
As reports Business Standard, “For the first time since its inception, the Indian School of Business (ISB) has extended its placement season indefinitely. Only 250 of the 440 students (around 57 per cent) in the class of 2009 have secured jobs in the placement drive that began in early January.”
But just like IIMs, ISB plans to find suitable placements, if not the best, for all its students, albeit it’s going to take them more time than usual. The good thing is, all these top-rung institutions are being very supportive and drawing in cooperation from their alumni networks and their regular recruiters.
States the Business Standard report, “Many students graduating this April will still have access to ISB’s resources and services over the next few months to find a job. The school will be in regular touch with students to help them find a suitable job that fits students’ profiles.”
And ISB has not put on a time-frame on its placement process. It would continue to explore all avenues for available opportunities till all its students find the right jobs in accordance with their qualifications and work experience.
It’s not just ISB that’s having a hard time placing its students; similar scenarios are being observed at other well-established institutions as well. Institutes of repute like IMT Ghaziabad, MDI Gurgaon, IMI Delhi, IIFT Delhi, JBIMS Mumbai, NMIMS Mumbai, etc., all are having extended placement season this year and are struggling to find suitable openings for their students and wrap up their placement process finally.
In the meantime, ISB is witnessing the same new trends as were witnessed at IIMs placements this year. There is large number of recruiters coming to the campus giving small number of offers, but the field has diversified with more companies from a wider range of sectors willing to recruit. Healthcare companies are the big recruiters this year, along with FMCG and Manufacturing firms. Entrepreneurship ventures are also on the rise, with more students interested in floating their own ventures or to get placed instart-ups and grow with the company. High monthly wages and big companies are no longer safe bets, and job-security and stability are being sought.
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its disturbing!
Seems like Indian school of Buisness will be soon glued to the top of the list in Indian Managaement schools ranking as it redefined its glory this year by a whopping and stunning increase in placements as well as ranking from 7th to 3rd even in the depression like circumstances next to IIM A &IIM B.However, fees of the ISB is a not within the reach of medium class families .
This shows that ISB is not worth to be in the top 10 Bschools of India !!!
Its a mass producing factory…producing 500 odd PGPMs without any quality… all other top 10 Bschools found it difficult but finally managed to place their students
Alokji, it is not only placing all students, but also quality of placements that count. Namesake, everyone can get “placed” in the local kiraana store. What is the use? IIMA has “placed” people in Union Bank, and othe PSU banks and PSUs. They have also placed someone in a small SME in A’dbad. What is the use of such “placement”?
Point Taken … but what stops ISB from doing so !!!
Problem is 18 L as fees you cant pick a job at 8L salary , you got to have 25L salary job which is not there in the mkt
Frankly the value cost analysis of ISB is very sckewd …. not worth paying 17 L when u get better quality education in 8L
To alok
Boss you are from which b-school. If you would have been than you would know how hard every b school is trying to place his students. And a guy with 4-5 years of wrk ex u can probably imagine his salary and then he gets job of 8 lac is it worth it.
Step in that guys shoes how hard it becomes to face the world……………………than start comentin abt placements
I think ISB places a lot of emphasis on diversity. This does bring in students who do not merit a place and find it difficult to get placed. For example if u r from some not so common background u can be pretty average and u may get in. But for an IT guy it is almost impossible. No wonder IT guys take the best placements and top everywhere. Why will a company shortlist a person if they doubt his/her analytical abilities?
First things first, I do not intend to start an IIM-ISB debate, because it is extremely pointless.
Well, my friend is at ISB, is yet to get placed and is extremely disturbed. Reports coming in are even more disturbing.
Someone has anonymously written that IIM’s placements were saved only because of PSUs. The fact is that even though PSUs recruited and probably saved the day, it was only about 15% students that went to PSUs and startups. [My friend at ISB is interestingly prepared to take up such a job in the short term]
At a time when almost all IIMs to their credit managed to place their students, we need to realise and to question the importance of bschool rankings in magazines. These figures of placements at IIMs and ISB must surely be a semblance of the respect these respective institutions hold in industry.
I write this, only because being an IIM alum, I have seen the unabashed drumrolls at the FT rankings, them being taken as the final word in how good a bschool is, and the IIMs being written off year after year, especially by MBA-aspirants who write CAT every November and write off IIMs when the FT rankings come out.
Pls dont take my comments in any wrong sense, and post here if you disagree. The only point I am trying to make is that not everything we read is true, we must learn to question, to read, to debate and dissent and not dismiss a brand that is 50 years old simply because of a magazine ranking. Thanks.
I think this discussion is going on a healthy track…. I invite ISB folks to defend why they should be in the top 20 FT ranking.
I am surprised that ISB bases its admission on diversity ( Crap) .. a Bachelor of Arts with 600 GMAT score working in a ad agency would get admission while a IT guy – IIT / 680 GMAT score gets turned down… What do you expect during placement the BA guy coming out in flying colors….. ISB is not even able to place these BA guys in companies like SBI etc because govt PSU value base education
Hi,
I think we here are missing one very strong point. The average work experience of ISB batch is around 5+ years. It is quite higher compared to IIM PGDM batches (Except IIMA and C). The slowdown has, in particular, hit the placements at B-schools that are offering fast-track management programs. If you google, IIM PGPX and XLRI GMP batches are facing similar problems. we are not ideal to really comment about FT rankings or any other since we are really not aware about the strength and weakness of a business management program offered by various institutes. We are not specialized…
Mr Alok: check out Stanford, Sloan batch profiles.. You will find many students who are from non-engineering background… Although i am an engineer, i think your views about quality of education (limited to only engineering stream) is baseless.
PS: The CEO of ICICI Bank is not an engineer (though i think she is pretty well qualified). This is just one of many examples..
I feel it is a question of timing. If you observe, this year none of the newspapers have any blaring headlines about eye popping salaries and mushy dreams. In fact, TOI started a special feature on IIM/B School placements and dropped it mid way, for all good reasons. End of the day, what matters is who got what. And there comes the magic oof average. We should stop comapring the peak salaries across institutes because they are almost similar and is only for 5-7% of the batch size. Its the average that matters. If IIMs have been able to secure jobs in PSUs, I think thats great because the brabd sticks for a long time. Moment the economy recovers, same PSU folks would be in great demand because of the work experience and can always clinch the salaries that are missing today. I feel that it is the intrinsic value of a placement calculated over a medium to long term that should be considered rather than the absolute value that everyone is talking about.
The concept of intrinsic value of placements over some time seems interesting. And we must definitely not get into which bschool is better – isb or iims. I am sure if you are good no one will hold it against you at any stage if you are from one of them and not the other. the news of 60% placements at isb is shocking nevertheless, and i’m sure it will force many people to reconsider the RoI the can expect from expensive MBAs.
whatever is happening due to recession is a macro factor and a college as such can’t do much about it but it’s good on part of ISB to look out for smaller companies and extending the placement session
good effort
Just went through the thread. Some one has asked ISB alums to defend. I am not writing this as a representative of ISB alumni community. But we all must realize one thing. It’s difficult times for every one and in such times placement is not the only criteria you should base your decision upon if you are a MBA aspirant. MBA is an experience and a long term investement. So carefully weigh your options. And commenting about ISB-IIM comparison, i think its as useless as the exit poll opinions:). Both schools have a different batch profile, different pedagogy and different targeted job profiles for placements. Plus in ISB people come with significant work experience and are very clear about where they want to head to. So lot of high salary offers are also turned down unless the roles & responsibilities are meaty enough. So if only placement puts a question mark on the credibility or quality of the institute then the inseads, whartons, havards of the world will also be as useless as ISB is
Certainly, ISB is not worth the price..
Think of institutes like NITIE and FMS.. u can do an MBA in 2.5 lacs and 1 lakh respectively in these institutes..
And look at the placements at NITIE this year, with markets in recession, defensive sectors like FMCG have recruited bigtime from NITIE, which is one of its strengths; thus helping it take the 3rd spot in placements in B-school rankings released by Business World (overall rank 5th)..
So guys, if you want a return on your investment, join NITIE, Mumbai..
I think this discussion is pointless because two different kinds of institutes are being compared. First, all the B-School rankings are flawed, as a slight difference in weightage given to one factor or he other may completely alter the rankings. Frankly speaking, the quality of placements also matter which is not taken into account into the rankings. I guess because of the batch profile being different, people don’t settle for any type of job as people with less woek-ex do. Some of the people coming to ISB would have been earning over 8-10 lacs before joining, so they would not be willing to go for a job paying less. Furthermore, IIMs are used to kick start careers, whereas institutes like ISB are used for career enhancement. So, I don’t agree with this undeserved bashing of ISB. Both insitutes are the best in the country in their own way.
P.S. I am from an IIM student and not from ISB
I agree with Abhijeet. anyway ppl are by comparing apples with oranges by comparing one year program with a two year program
Its not 1 yr vs 2 yr comparision
…check out even the 1yr MBA placements..IIM A / C, SPJ they r stunning . conventional colleges have deapth and breadth in their education. ISB lacks this.. its nothing more than a marketing gimick
isb is one of the best b school in india.
hmmm world’s 15th having trouble!
stop joking guys… isb is ahead of most of the iims
this is a bad time for a new institution like isb unlike iim
iima having 44th convocation
where as isb is founded in 1999!!
45yrs iim experience couldn’t defeat isb in terms of the highest packages in the last 2-3 yrs! which has hardly 10yrs of experience!
for any new grad unless money is a problem isb serves better than most iims.
It is high time that the whole world is under the shadow of recession. It is just pointless to blame ISB. Many from the corporate companies have lost their jobs and many in the senior management are also feeling the insecurity. It is not the lucky 57% that got placed but the students who have mettle that have been placed. Time will decide the fate of the students. The best ones will always find a way among hurdles…
ISB is seems money monger institute to me like private engineering.and medical colleges. It’s dean was also caught involved in Satyam scandal , he was on it’s board also,so he quit.
Private colleges all over the world have lower preference because of lower transparency related to money matters . I think in India private educational institutes should also come under the purview of RTI to gauge their real performance.
So that after paying such a high fees students doesn’t feel cheated.
All Bschools have inflated their placement figures to push up their average salry figures by a huge margin using techniques which will put to shame the financial wizards who conjured up exotic finance products on wall street. Looking at this It does not make sense to go for an Indian MBA IIM or ISB or any other school if ur current package is more than 5L per annum. If u still want to take the plunge, beware , for 2 years opportunity cost itself would be around 25L given current fee structures!!
Its pointless to compare IIMs and ISB. Regardless of when IIMA started and when ISB started, both are citadels of management education in the country. Both of them are unique in their mode of education and cater to a different set. If you look at the PGPX prog of IIMA and the regular program of ISB (both one year programmes), both of them have almost performed equally.
I think its not IIM vs ISB comparision , We are comparing the size of ISB with any other b-school.
with 500+ students graduating every year ISB has become a mass producing private institution charging 18-20L
Whats the difference between ISB and ABC Engg College is my vicinity
Both offer piece of paper worth nothing in the market
( Read 54% students placed)
Why cant director of any IIM and ISB have a face to face discussions for benefit of cmmon person. and show a clear cut road map to MBA aspirants.For any TV channel it will a program.
Different than ISB/IIM.
..guys wht u think abt to do MBA from Europe whr some college provide partial or 100% scholarship. ANYONE having idea abt it.
My one frnd joined Full time (1.5 year) MBA from European Business School(ESB), Germany Frankfurt. total fees: 19,500 euro (14 lacs INR), he got 50% scholarship (toal fees : 7 lacs INR) and he is earning 1000 euro (70,000 INR)/pm by doing parttime job.
Good things is : ESB is a top class college in Germany (ranked #1). ofcourse no need to know German.
So, wht r the opinion abt it ?
All over the world the MBA course mostly are of 21 months duration . At the end a degree is available from reputed university ( unlike IIMs where a diploma is available). Its true also the time period is justified for acquiring a good knowledge. The funny is ISB gives neither a dgree nor a diploma and duration of course is only 1 hour with a very high fees. I wonder the the sudden improvement in the FT rank for a particular year a mare a temporary happening.
All over the world the MBA course mostly are of 21 months duration . At the end a degree is available from reputed university ( unlike IIMs where a diploma is available). Its true also the time period is justified for acquiring a good knowledge. The funny is ISB gives neither a degree nor a diploma and duration of course is only 1 year with a very high fees. I wonder the the sudden improvement in the FT rank for a particular year was mare a temporary happening.
mr alok if a BA guy working in an ad company scores a 600 in Gmat it is his best achievement and he has put his heart into it and if an iit IT GUY (irresponsible idiots) SCORES 680 IT SHOWS HIS BAD PERFORMANCE. ALWAYS A GOOD PERFORMER WILL BE REWARDED.
MR ALOK IF EVERYONE IS PLACED ONLY ON HIS BASE DEGREE AND THEIR GMAT THERE IS NO NEED TO SPEND A WHOPPING AMT AT ISB.
MR ALOK HOW DO YOU CAME TO A CONCLUSION THAT ONLY PSU VALUES BASE EDUCATION ALLSOFTWARE COMPANIES ALSO DO THE SAME THING. AN ENGINEERING GRADUATE (MAY BE MECHANICAL OR ELECTRICAL) CAN BECOME A SOFTWARE ENGINEER OR EVEN ADVOCATE. AND NOT A NA GUY WHO MAY BE MORE ANALATICAL THAN THESE ENGINEERS
just a simple point – a country like India (with intrinsically smart people) needs many more ISB’s and definitely many more IIM’s. So lets not get into the comparison please…