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Archive for the ‘ISB Stories’ Category

News and views from ISB campus.

official ISB placement press release

Posted by nixbert on April 10, 2007

As expected the official placement info is starting to trickle in after the class of ’07 graduated this weekend.

Here are the links to the press release –
On ISB website
On Rediff

I am hoping there are going to be similar stories in tommorow’s Economic Times.

btw if you’ve read my blog before, you would know which company they are talking about in the section “Exciting New Sectors”. 😉 (from the ISB link pasted above)

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the ‘Gupta theory’ on mba placements stands validated …

Posted by nixbert on March 29, 2007

…another factoid which supports the ‘Gupta theory’ (read one of my previous posts on ISB if you are wondering what this theory is)

This is from BusinessWeek forums. I happened to read an interesting post from an alum of Ross UMBS. It is pasted below verbatim

As my name implies, I’m a Michigan MBA. Anyway, while the number of students going to a particular firm (or type of firm) is relevant, there are a few issues:
1) Chicago, Kellogg, HBS (and some others) have a lot of sponsored students and these sponsored students go into that count. You would need to remove those students from ones that are actually applying to these firms

2)Desire of the stdent base. At Michigan (as at many schools), for example, many people do not want to go into consulting. While recruiting at Michigan (for one of the top 3 consulting firms) many of our top targets were not interested in consulting (anywhere), so we didn’t hire as many as we wanted.

3)Size of the student population. Obvious, but needs to be stated.

Hope this helps.

This set me thinking on point number two. So i posted back to him asking for some more info … (my post below)

Honest question for you letsgoblue05 –

you said — “2)Desire of the stdent base. At Michigan (as at many schools), for example, many people do not want to go into consulting. While recruiting at Michigan (for one of the top 3 consulting firms) many of our top targets were not interested in consulting (anywhere), so we didn’t hire as many as we wanted.”

If someone was not interested in consulting then he/she probably would not have applied to your organisation when you visited UMBS. How did you, in such a scenario, determine that those were indeed your ‘top targets’? Do you download student profiles before visiting the school and thus you already have an idea on who you want to hire? If so, How common is this practice?

…… and guess what he replied? 🙂 wellll….it should be fairly easy to anticipate. Here goes

You are right. Sometimes they don’t apply, especially for full time if the person has an offer to return to a company in another industry.

The way we determine is just looking at resumes (including summer experience) and look for exceptional resumes (great undergrad institution/ GPA, internship, work experience…). We get these from the career office. Then we target these high potential candidates by calling or emailing. Usually there is a target dinner sometime for these people.

I think it’s fairly common. At my company we do this for all target schools, other than that, I’m not sure who else does this.

Ha!! I knew that.

This does worry me a bit though.

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little update on ISB

Posted by nixbert on March 27, 2007

Class of 2007 will bid adieu to ISB on 7th April. I am sure new admits cannot wait to join the spectacular campus and rewrite the records again. Few pointers though (coming from someone who was dinged, do take it with a whole shaker of salt)

– Do start in earnest right from the start, if you plan to switch careers. Specially those om non-IIT or non-CA background (assuming Fin and Consultancy is what you are planning on). Time is going to be at a premium.

–  Networking is important. In some cases more than raw gpa.

– This year about 27 (or may be 28)  top students got scholarship worth about 2L INR. So you could keep that as one of you aim if you are so inclined.

– Retail is beginning to show all signs of the next big thing. Do evaluate opportunities and see if it floats your boat.

Lastly, I think I missed Tishman Speyer, last year’s crorepati maker, from the placement stats.  Well it picked up couple of people again with similar salaries.

And finally you should see official ISB stats soon now that the class of ’07 is few days away from leaving the campus.

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more on ISB …

Posted by nixbert on February 28, 2007

….. all of my friends at ISB (now i have several over there) have spent past week relaxing and enjoying life in general , now that they are all placed. Classes were off for the last week so lot of them headed home after signing on the dotted line. Marriage plans are also on cards for some. Silly buggers, i say!! Amazing what all a coveted job can do.

Last I heard most of the batch had been placed. There are only very few left and that is by choice. I wish all the best to anyone still looking. I am sure you will find your calling very soon!

With almost all of the participant placed and many companies still to visit campus, this year appears rather good. ISB may see another round of placements in such circumstances however the CAS policy is not very clear at the moment (to me!). Will keep you posted.

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placement observations

Posted by nixbert on February 22, 2007

This link was posted at pagalguy – IIMA pgpx placements – ET

One observation from the news article – Bain consulting seems to have visited IIMA for pgpx participants whereas its still one of the major consultancy organisations which has not visited ISB this year or the previous year. I am not sure about any stats before that.

Booze Allen Hamilton has registered itself at ISB and invited application but so far has not visited the campus. May do so later in early March. According to article BAH has already visited IIMA.

Morover I expect pgpx to do better as far as placement ‘stats’ are concerened however that would be more a reflection on the fact that avg exp is 9 years and avg international experience is 3 years. ISB’s class usually tends to be younger thus does not have that kind of negotiating firepower on the table. I guess ISB’s large class size of 400+ compared to pgpx’s 60 may also have something to do with it.

Please note that I do *not* intend to start a isb vs pgpx flamewar. I have posted some observations about Bain and BAH. I am sure there must be some cvompanies which have visited ISB but not IIMA-pgpx but I am not aware of that. Please consider my comments as a healthy observations. nothing more, nothing less.

(ps : above post is same as my post at pagalguy)

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IT stuff and ISB

Posted by nixbert on February 20, 2007

IT firms were not the prefered recruiters this year. Among the noteworthy techy placements are those from Google (an off campus effort. Moolah 15 – 35L plus stock options) and those from NIIT (see one of my other posts). Yahoo was also on campus on Sunday, however, I dont have figures on that one yet.

There were few instances where offer made was less than the ISB’ian’s package before ISB! On the positive side most techy companies were forced to extend their acceptance deadline to 2-3 weeks which means that the candidate can participate in the placement process till that time whereas most companies in retail, i-bank, consultancy, media etc get their positions closed in 2-3 days max.

I especially liked the trend that at least at ISB there is a distinct preference for non-IT type jobs, even though I belong to the IT horde myself. What this means is that we have more and more talent going into other sectors, this is good because the situation is exactly opposite in engineering institutes with almost everyone gunning for IT. I am not sure how strong this trend is or what overall effect this could have on overall economy but it surely cannot do much harm. And if other sectors are energised as well then … thats got to be sweet!!

I am in no position to comment on the kind of tension and peer pressure these guys have to face, even after observing the entire process at close quarters. But i do want to say this to any ISB’ian who happens to come across my blog – Don’t undersell yourselves! I have seen the kind of rigours you guys go through every day and you are definetly one of the best, most recruitable talent and this isn’t just lip service. I often go to campus to recruit myself and I’ve seen brain-dead sponges who sell themselves like there is no tommorow. So don’t get disheartened. Wish you all brilliant success that you deserve.

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theory on placement interviews …

Posted by nixbert on February 19, 2007

So …over the past two months I’ve spent about 20 days living on ISB campus. During the course I’ve had plenty of discussions, chit-chat and other spaced out banter with several dudes at ISB. I will try and put the more interesting ones here. Do take these with a pinch of salt.

So, yesterday we were generally discussing interview trends and stuff companies are looking for when hiring on campus. One theory (henceforth refered to as the ‘Gupta Theory’ in honour of its talented author) that gained currency in our discussions was that interviews are, more often than not, a hygiene factor. The shortlist, that an organisation comes up with, is often a fair indication of what a given company is looking for and the recruiters already have a fair idea about the candidates they want to hire. From then on its more a question of fit, how a candidate thinks, his approach to problem solving etc. Case in point being that ISB’ians were required to crack several cases as part of interviews and there were many who failed to solve them but they were still hired. On the other hand few others who aced them were not picked up. It must be noted that I am using the term ‘fail’ very loosely here – all it means is that one candidate sometimes lost out on some particular detail or needed nudging in a general direction before getting closer to the eventual solution while another dude got it right all on his own steam. So interview was just a data point in the entire process, instead of being a make-or-break event many think it to be.

This was further supported by the fact that the term ‘relevant experience’ was thrown about in every which direction and played an important part in the entire process. So if a candidate had atleast some experience which matched a profile required by an organisation then it was bit easier for him/her to secure an offer.

A prime example of this theory is my childhood friend at ISB. He had two rounds of interviews (more than 2 for other ppl), each lasting appx 10 mins (atleast 15-20 for others) and was asked the same question in each of them (ok granted – variation of the same question – tell me about yourself, why are you here? and Walk me through your resume?) while others were even asked to solve a case. He was told by the interviewer that he had more than 90% chance of bagging the offer even before 5% of candidates were interviewed (he was one of the early birds).

Needless to say it was known beforehand that he indeed was a great fit for that profile

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team-work

Posted by nixbert on February 19, 2007

It was quite heartening to see students who had secured their jobs, pitching in to help and sort out stuff for those who were interviewing.

Some pitched in as volunteers to arrange slots, managing schedules and generally keeping things rolling at interview venues. Other were prep’ing candidates for their interviews, applications etc.

Good work guys! Keep it up.

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Success story …

Posted by nixbert on February 19, 2007

probably the most envied guy on ISB campus right now is the dude who cracked both McKinsey and Goldman Sachs.

Last seen, he was splitting hair over which one to pick – an irresistible 200,000USD GS offer or a quite decent Mck placement, something he was aiming for from day 1.

Choices! Choices!

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average salaries at ISB so far…

Posted by nixbert on February 19, 2007

According to rough stats so far the average salary offered at ISB on day 1 was about 20L INR. On day 2 the figure was closer to 12. (each day counted independent of the other). I think this was kind of expected, especially with companies like Infosys, Cognizant, which are not really the best paymasters, visiting the campus. They did make few attractive offers though, but majority were within the range of 10-15L INR.

Quote from CAS (on Day2)- “The students are unnecessarily getting desparate due to peer pressure. They should hold out and negotiate.”

However one of the CAS staffers did admit that the batch of ’07 is far more relaxed than the last year’s class. May be they are finding comfort in the fact that  about 50% more companies are visiting the campus.

Trivia: Last year special sessions were arranged for spouses of the participants to prepare them for handling pressure of the placement session!!

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