The Indian School of Business (ISB), Hyderabad ranked among top B-School in the world has extended its placement season for the first time since it came into existence. The effect of the global economic meltdown has also been seen here. Out of total 440 students of 2009 batch, only 250 have got placement so far. The placement drive began at ISB in January. The institute has also witnessed fall on the annual average salary offers from INR 18-20 lakh to INR13-15 lakh. 416 students were made 581 offers in 2007, however, 657 offers were made to 421 students in 2008. Placements should have been completed by the end of March, and the campus would have been readying for graduation day in the first week of April. Over the years, the placement trends analysis and results announcement used to take place on graduation day as scheduled on April 4. This year,it is unlikely to happen.
Students of 2008 batch got 280 jobs from IT's, finance and real estate sectors. All these sectors have badly been hit by the economic slowdown. Considering all these factors in notion, the school had started taking initiative for attracting the new companies to come in for campus recruitment in November this year. 'We will continue to explore avenues till all students find the right job in accordance with their qualifications and work experience,' said an ISB spokesperson. ISB has six months to plan for the placement of the new batch after collecting the profiles of the students, their preferences for a sector or function, location choices and so on.