At ICFAI Business School (IBS), a relentless pursuit of excellence is deeply embedded in our core values. Our unwavering dedication to nurturing the future leaders of the business world has consistently resulted in exceptional placement records year after year. This success is a testament to our continuous adaptation to the ever-changing demands of the corporate landscape.
Throughout its history, ICFAI Business School (IBS) has consistently upheld a prestigious reputation in the realm of management education, consistently delivering outstanding placement results. In this article, we will explore IBS’s placement performance for the academic year 2023, shedding light on the remarkable achievements and promising opportunities awaiting prospective students who choose IBS for their postgraduate management education.
ICFAI Business School’s Remarkable Placement Achievements in 2023
The 2023 placement season at ICFAI Business School marked yet another triumphant milestone in the institution’s storied history. Fueled by an unswerving dedication to preparing students for successful careers and an unwavering quest for excellence, IBS provides its students with the chance to establish connections with leading players in the corporate sphere.
One of the standout facets of IBS’s placement success lies in the substantial augmentation of salary packages offered to its MBA graduates. This remarkable feat underscores the relentless dedication of the ICFAI Business School placement team to continually enhancing students’ employability and elevating placement outcomes year after year.
Key Highlights of IBS Placements 2023
- The graduating class of 2023 at ICFAI Business School experienced an exceptional recruitment season. The statistics speak for themselves:
In the year 2023, the highest international placement salary package reached an impressive 58.19 LPA, and the highest domestic salary package offered stood at 21 LPA. - In 2023, ICFAI (IBS) campuses in Jaipur and Kolkata achieved an impressive overall placement rate of 99%. Close behind, ICFAI Ahmedabad and ICFAI Mumbai secured a solid 98% placement rate. Furthermore, the ICFAI campuses in Bangalore, Gurgaon, and Hyderabad demonstrated robust performance with an overall placement rate of 95%. Dehradun, while slightly lower, also recorded a respectable placement rate of 94%.
- The average salary package offered across all campuses fell within the range of 7.30 to 10 LPA. Notably, ICFAI Hyderabad emerged as the leader among the nine campuses, boasting an average salary of 10.42 LPA.
For a comprehensive overview of the placement statistics for ICFAI (IBS) Placements 2023, kindly refer to the table provided below:
|
Campus |
Placements |
Highest CTC (National) |
Highest CTC (International) |
Average CTC |
Top 10% |
Top 25% |
|
Ahmedabad |
98% |
7.30 LPA |
8.29 LPA |
13.00 LPA |
9.23 LPA |
8.69 LPA |
|
Bangalore |
95% |
7.42 LPA |
12.58 LPA |
– |
9.29 LPA |
8.73 LPA |
|
Gurgaon |
95% |
7.55 LPA |
12.00 LPA |
22.93 LPA |
11.63 LPA |
9.90 LPA |
|
Hyderabad |
95% |
10.42 LPA |
21.00 LPA |
58.19 LPA |
17.66 LPA |
13.97 LPA |
|
Kolkata |
99% |
7.41 LPA |
8.50 LPA |
– |
8.42 LPA |
8.34 LPA |
|
Mumbai |
98% |
8.17 LPA |
18.80 LPA |
11.13 LPA |
13.3 LPA |
11.01 LPA |
|
Pune |
99% |
7.59 LPA |
12.00 LPA |
56.55 LPA |
10.96 LPA |
9.47 LPA |
|
Dehradun |
94% |
6.39 LPA |
8.65 LPA |
23.00 LPA |
10.40 LPA |
8.70 LPA |
|
Jaipur |
99% |
8.53 LPA |
9.00 LPA |
23.31 LPA |
16.99 LPA |
12.06 LPA |
Final Placements (Class Of 2023)
Sectors that Actively Recruit IBS Students
IBS strong industry integration is evident in the extensive network of over 1,000 companies actively participating in our recruitment process. This diverse pool of recruiters ensures that our students have access to a wide range of opportunities across various sectors. Let’s take a closer look at some of the key sectors that actively recruit IBS students:
1. Financial Services (26% of Placements): Leading financial institutions recognise the talent of IBS students and actively seek them for placements. Companies such as ICICI Securities, National Stock Exchange, Deloitte Tax Services, Tata Capital, and Citicorp are among the top recruiters in this sector. Their presence on our campus speaks volumes about the quality of our students and the relevance of our curriculum to the financial industry.
2. Banking (24% of Placements): The banking sector has a strong presence at IBS, offering excellent career opportunities to our students. Renowned banks like HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Bandhan Bank Limited, and DBS Bank regularly recruit from our talent pool. Their confidence in IBS students is a testament to the exceptional learning experience we provide.
3. IT/ITES (15% of Placements): The IT/ITES sector has been a significant contributor to our students’ success. Companies like Wipro, Genpact, Cognizant Technology Solutions, HCL Technologies, and Brain Enterprises actively participate in our placements, recognising the value of the skills and knowledge our students possess in this technology-driven era.
4. Consulting (14% of Placements): Consulting firms seek out IBS students for their ability to solve complex problems and think strategically. Top consulting firms like PwC India, Deloitte Consulting, Bain & Company, and Ernst & Young regularly hire our students, providing them with the opportunity to work on challenging and impactful projects.
5. Other services, including Insurance and Manufacturing (21% of Placements): Beyond the core sectors, IBS students also find excellent placements in other service industries such as insurance and manufacturing. Companies like Maruti Suzuki Ltd, Vedanta, G R Infraprojects, Mars Wrigley India, and Frootle India value the diverse skill set and adaptability of our graduates.
Learn About the ICFAI Business School Placement Team
Behind these impressive placement statistics lies the unwavering dedication of the Career Management Centre (CMC) at ICFAI Business School. The CMC operates tirelessly year-round to cultivate and expand the institution’s network of connections with a wide array of companies. More than 500 companies actively engage with IBS campuses for recruitment purposes each year, a testament to the trust that industry leaders place in IBS’s talent pool.
The CMC firmly believes that the entire recruitment process is a collaborative endeavour involving both recruiters and students. While the responsibility of enticing companies to visit IBS campuses rests on the CMC’s shoulders, the ultimate performance during interviews lies in the hands of the students themselves.
To facilitate students’ journey towards successful placements, the IBS placement cell orchestrates a variety of initiatives, ensuring that students are well-prepared for the dynamic corporate world:
1. Soft-skill Enhancement: The ICFAI Business School CMC organises engaging activity sessions in innovative formats to help IBS students refine their soft skills. These skills are crucial for effective communication, teamwork, and leadership in today’s business landscape.
2. Personality Development: Students at IBS undergo rigorous training, including group discussions, practice sessions, and numerous mock interviews, to bolster their confidence before stepping into real-world interviews. This comprehensive grooming prepares them to excel in any professional setting.
3. Career Counselling: The CMC remains accessible to students, offering guidance and support in the critical process of choosing and charting their career paths. Career guidance plays a pivotal role in aligning students’ aspirations with industry demands.
4. Internships: Facilitating internships that provide hands-on experience and exposure to industry dynamics is a cornerstone of the CMC’s efforts. These internships enable students to apply their classroom knowledge in real-world scenarios, enhancing their practical understanding.
5. Strong Industry Interface: The CMC ensures a robust connection between students and the industry, creating opportunities for valuable interactions and networking. This interface helps students gain insights into industry trends and build valuable professional connections.
The ICFAI Business School CMC is dedicated to empowering students with the skills, knowledge, and connections needed to excel in their professional journeys. It acts as a bridge between academia and industry, ensuring that IBS graduates are well-prepared to tackle the challenges of the corporate world.
Summer Internship Programme at IBS (SIP)
The Summer Internship Placement programme at ICFAI Business School’s Career Management Centre (CMC) is a cornerstone of the institution’s two-year full-time MBA/PGPM programme. This programme is not just an option; it is a mandatory requirement for every student pursuing the MBA/PGPM programme at ICFAI Business School.
The summer internship programme extends over approximately 14 weeks, during which students secure placements with distinguished organisations spanning various industries. This immersive experience is designed to provide students with invaluable real-world exposure and hands-on experience in their chosen fields.
Under the expert guidance of professors and team leaders, these students become integral members of professional teams, contributing actively to the organisation’s success. This immersive learning experience serves as a crucible for honing and refining their skills and competencies, preparing them for future leadership roles in the business world.
Numerous renowned companies have partnered with ICFAI Business School to provide internship opportunities to its students. These organisations include prestigious names such as Ernst & Young, J.P. Morgan Chase, KPMG, Bharti Airtel, Reliance Communication, Virgin Mobiles, Axis Bank, Deutsche Bank, Bank of America, State Bank of India, Edelweiss Broking, ICICI Bank, ICICI Lombard General Insurance Co., and Citigroup Global Markets. Through these placements, students gain firsthand exposure to the inner workings of these industry leaders, helping them develop a deep understanding of their chosen field and significantly contributing to their professional growth and development.
ICFAI Business School’s exceptional placement performance in 2023 stands as a testament to its unwavering commitment to excellence in management education. With a strong focus on nurturing talent, refining skills, and fostering industry connections, IBS has consistently empowered its students to embark on successful and fulfilling careers in various sectors. As prospective students consider their options for postgraduate management education, ICFAI Business School undoubtedly emerges as a wise choice, offering not just academic excellence but also a promising gateway to the corporate world.
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