ISB- Think Twice before you Join

For those who are planning to leave jobs and join ISB, here is a shocking trend that I observed and was really worried and thought I should blog about the same.

Over 100 students of 437 students of the Class of 2009 did not find placements due to recession. The high-profile business school was ranked 15 among the top 100 global business schools by the Financial Times. ISB would also be setting up a taskforce to identify right opportunities for the students. The school plans to introduce four specialist schools at its second campus at Mohali, which is getting ready. The Max India Institute of Healthcare Management, BML Munjal Institute of Manufacturing and Operational Excellence, Bharti Institute of Public Policy and Punj Lloyd Institute of Physical Infrastructure Management would be coming up at Mohali. The students (and their parents) who had taken educational loans and quit good jobs to Pursue studies are the main victims. 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. 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 Rs. 18-20 lakh to Rs. 13-15 lakh.

The Interesting part where I feel surprised is that the Indian School of Business (ISB), is raising its intake from 440 to about 600 from 2009-10, and has announced Rs.1.5 lakh hike in its fee from this year. I really think they need to focus on placing students who have spent close to 20 lakh’s which is not a small amount according to the Indian standards. I who use to suggest and recommend students to ISB now look back and see that it’s no more a good viable option in the current trend. ISB should seriously focus on improving things and should not rush in to the mad rush of increasing students and opening up new centers.