ISB is one of the most prestigious B-schools in India. In fact, it is amongst the top 30 B-schools globally, ranked 27th according to the latest FT MBA Rankings 2017. Given its global exposure, and its world-renowned faculty, which is assembled from top B–schools across the globe, the ISB MBA is also one of the most expensive MBA programmes in the country. According to the ISB website, the fee for the PGP programme for the class of 2018 is around 30 lakh Indian Rupees. For many Indians, this is a massive investment. Hence, arises the question of Return on Investment (ROI) of the ISB MBA. For that, let’s have a look at the placements at ISB.
The placements at ISB have been remarkable and the number of offers has been rising as the class size has increased in recent years. According to the official placement statistics on the ISB website, the total number of offers has increased from 631 for the Class of 2012 to 1151 for the Class of 2016. To compare apples to apples, we calculated the no. of offers to class size ratio. This ratio has also increased from 1.10 for Class of 2012 to 1.42 for the Class of 2016.
Let us also look at the average placement package which is a concern for a lot of applicants. The average salary (domestic) was Rs. 22.58 lacs for the Class of 2016, up from Rs. 18.83 for the Class of 2012. The highest domestic package was upwards of Rs 70 lacs.
Marquee names continue to visit the ISB campuses with global consulting firms such as McKinsey and BCG hiring in double-digits from the school (arguably the highest across all B-schools in India). The Big 4 firms i.e. Deloitte, EY, KPMG and PwC also hire in large numbers. General Management is another major area where ISB graduates get hired as Leadership Programmes of top companies such as Aditya Birla Group and The Max Group hire their future leaders from the school. Sales & Marketing also witnesses a lot of action with major firms such as HUL and Nestle also hire from ISB. A number of Product Management and Category Management roles are also offered by e-commerce players such as Amazon & Flipkart. Finance, though not the strongest area for ISB, also sees some action with financial services firms such as Citibank, Nomura, Yes Bank and Ambit Capital visiting the campus for recruitment.
Overall, the ISB MBA is worth the investment, not only in placement terms but also in terms of the learning, the network and the friendships you take away after the year, which is arguably the most memorable year of your life.
Note: The CTC details given above are the mid 80 percentile offer average as published by ISB.
The article is written by an ISB alumnus, Views are personal.