With this, it continues to offer valuable returns on investment for those who pursue their education at ICFIBS got its start as a non-profit, aiming to upgrade education in management. Today, you’ll see that they have multiple campuses spread across the nation.AI Business School.
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The B-school is garnering a strong reputation for its full-time MBA program. But in addition, they also offer PhD programs. Not just are its world-class academics famous, but its placements as well are a talk of the town. Their alumni fraternity, growing from year to year, actively participates in the development of IBS campuses. And as we dive deep into this exploration of IBS placements, let’s unravel the opportunities and salary packages that IBS has to offer. Starting with the placement process.
Placement Process at ICFAI Business School
ICFAI Business School (IBS) has a dedicated Training and Placement Wing at each of its campuses. This team facilitates secure internships and final placements. Let's break down the placement process at IBS in simple terms.
1. The Role of the Training and Placement Wing
Each campus of ICFAI Business School has a dedicated team that focuses on training and placement activities. This team includes senior professionals and placement executives who work tirelessly to ensure students are well-prepared for their corporate careers. Their main responsibilities include, Managing Internships and Placements. Similarly, they maintain strong relationships with various industries, ensuring a continuous dialogue that benefits students. As a student, they will assess how well you are doing and whether you are ready for corporate roles.
2. Matching Students with Industry Needs
The placement team at IBS plays a crucial role in matching students' academic skills with industry expectations. They work on both the supply (students) and demand (companies) sides of the placement process. It creates a great environment, because what companies are looking for they prepare students accordingly. If they are on duty, your academic achievements align with industry needs. They provide guidance to students that ranges from career opportunities and help them make the right career choices.
3. Placement Committee Activities
The placement committee at IBS is also involved in several key activities to ensure students develop a positive attitude and confidence before tapping into the corporate world. Thanks to the Summer Internship Program (SIP) that spans for 10-14 weeks, integrated into the IBS curriculum, for playing a vital part of the learning process. The committee even informs students about various career opportunities in different industries, so that no student is confused. Moreover, one-on-one counselling helps students choose the best career paths based on their interests and abilities.
Recruiters and Companies
IBS boasts an impeccable track record of securing 94% + placement rate annually. The campus placement of 2024 witnessed 161 leading recruiters’ participation with the average salary of top 10% marked INR 14.75 LPA and INR 12.55 LPA of the top 25%.
To maintain such a strong placement rate, IBS continually updates its curriculum and teaching methods to stay aligned with the evolving needs of the business world.
A key factor in IBS's placement success is the close involvement of students with various industry interfaces. According to IBS flagship institute, IBS Alumni are working in over 900 blue chip companies and are spread out across the world.
However, some of its campuses are outstanding in this regard. IBS Hyderabad is one such campus that witnesses over 150 plus recruiters year after year.
Also, a very important and necessary link in the chain of making the entire process of placement complete is provided by the Career Management Center at IBS. Their dedicated team looks time and again into all activities of placement throughout the year in order to give proper support and guidance to these 'would-be' managers.
Sector-Wise Placement Overview for IBS Class of 2023
The Placement Statistics of the batch of 2023 of ICFAI Business School showcase career options opening up in a good number of diversified industry sectors for graduating students. The sector-wise breakup of the placements makes it clear that the job market is very dynamic, and so are the IBS students. Here's a breakup of the placement sectors:
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IT/ITES (26%): The largest portion of IBS graduates found roles in the IT/ITES sector, emphasizing the increasing demand for tech-savvy professionals in today's digital economy.
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Banking (24%): A significant number of students secured positions in the banking sector, reflecting the sector's stability and growth potential.
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Financial Services (15%): The financial services sector also attracted a considerable share of graduates, showcasing the strong foundation in finance provided by IBS.
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Consulting (14%): Consulting firms continue to value IBS graduates for their analytical skills and problem-solving abilities.
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FMCG/Retail (5%): The FMCG and retail sectors offered opportunities to graduates, highlighting the versatility of IBS students in consumer-driven industries.
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Infra/Telecom/Real Estate (4%): This sector provided roles to graduates, indicating a demand for management professionals in infrastructure and real estate.
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Media & Research (4%): The media and research sectors also contributed to the placement pool, showing the varied interests and capabilities of IBS students.
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Education (3%): A smaller percentage of graduates chose careers in education, reflecting their commitment to contributing to academic and training fields.
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Insurance (3%): The insurance sector remains a steady employer, offering roles to a segment of the graduating class.
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Manufacturing/Construction (2%): This sector continues to employ management professionals, though it constitutes a smaller percentage of the placements.
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Other Services (1%): Various other services made up a minor portion of the placements, indicating the diverse career paths IBS graduates can pursue.
The sector-wise placement data for the Class of 2023 at IBS demonstrates the institution's success in preparing students for a wide range of industries, ensuring that they have the skills and knowledge to thrive in various professional environments.
Salary Packages Offered at IBS
The batch of 2023 at ICFAI Business School (IBS) has witnessed impressive salary packages across its various campuses. The detailed placement data highlights the diversity in salary offerings, reflecting the strong industry connections and the high caliber of IBS students.
Average Salary Package
With the average salary packages of class 2024, the IBS campuses exhibited a strong placement performance. IBS graduates secured compensation on a very competitive level, with average salaries ranging from ₹6.53 lakhs at IBS Dehradun to ₹9.71 lakhs per annum at IBS Hyderabad, matching the requirements of various industries.
Highest Salary Package
The immense earning potential is further underscored by very high salary packages offered to the graduates from IBS. The national salary package reaches to ₹26.19 lakhs per annum at IBS Gurgaon, while the highest international salary package even goes to an impressive ₹36.76 lakhs per annum at IBS Dehradun. These figures prove that the students sculpted by IBS are of immense demand globally.
Top Percentile Salary Packages
The average salary packages of the top 10% and top 25% further underline the great opportunities that the high achievers get at IBS. Students finishing in the top 10% commanded salaries as high as 13.56 LPA at IBS Mumbai, while those in the top 25% earning up to 12.55 LPA at IBS Hyderabad. These figures highlight the superior performance and the premium placed on the students by potential employers.
Conclusion
The kind of salary packages that ICFAI Business School students get is an indicator to the success of the institution for its students. IBS works in a collaborative environment between students, the institution, and recruiters to make these future managers and business leaders ready to take on major challenges tomorrow.
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