ICFAI Business School (IBS) stands as a beacon of excellence, firmly grounded in its commitment to shaping the future leaders of the business world. Year after year, this dedication has yielded exceptional placement records, reflecting the institution’s adaptability to the ever-evolving corporate landscape.
Throughout its illustrious history, ICFAI Business School (IBS) has maintained an illustrious reputation in management education, consistently delivering outstanding placement results.
ICFAI Business School’s Noteworthy Placement Achievements in 2023
The 2023 placement season at ICFAI Business School marked yet another significant milestone in the institution’s distinguished history. Driven by an unwavering commitment to prepare students for successful careers and a steadfast pursuit of excellence, IBS provides its students with the invaluable chance to establish connections with leading corporate players.
Key Highlights of IBS Placements 2023
The graduating class of 2023 at ICFAI Business School witnessed an exceptional recruitment season, as the following statistics attest:
- In 2023, the highest international placement salary package reached an impressive 58.19 LPA, while the highest domestic salary package offered stood at 21 LPA.
- ICFAI (IBS) campuses in Jaipur and Kolkata achieved an outstanding overall placement rate of 99% in 2023. ICFAI Ahmedabad and ICFAI Mumbai closely followed with a solid 98% placement rate. Furthermore, the ICFAI campuses in Bangalore, Gurgaon, and Hyderabad demonstrated robust performance, securing an overall placement rate of 95%. Dehradun, though slightly lower, also recorded a respectable placement rate of 94%.
- The average wage package provided across all campuses was from 7.30 to 10 LPA. Notably, ICFAI Hyderabad emerged as the top campus among the nine, with an average income of 10.42 LPA.
Sectors Actively Recruiting IBS Students
IBS’s remarkable industry integration is evident in its extensive network of over 1,000 companies that actively participate in the recruitment process. This diverse pool of recruiters ensures that IBS students have access to a wide range of opportunities across various sectors. Here’s a closer look at some key sectors that actively seek out IBS students:
- Financial Services (26% of Placements): Leading financial institutions recognize 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 IBS campuses speaks volumes about the quality of IBS students and the relevance of the curriculum to the financial industry.
- Banking (24% of Placements): The banking sector has a strong presence at IBS, offering excellent career opportunities to students. Renowned banks like HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Bandhan Bank Limited, and DBS Bank regularly recruit from the IBS talent pool. Their confidence in IBS students is a testament to the exceptional learning experience provided.
- IT/ITES (15% of Placements): The IT/ITES sector has been a significant contributor to IBS students’ success. Companies like Wipro, Genpact, Cognizant Technology Solutions, HCL Technologies, and Brain Enterprises actively participate in IBS placements, recognizing the value of the skills and knowledge possessed by IBS students in this technology-driven era.
- Consulting (14% of Placements): Consulting firms actively 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 IBS students, providing them with the opportunity to work on challenging and impactful projects.
- 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 IBS graduates.
Learn About the ICFAI Business School Placement Team
The impressive placement statistics owe much to the unwavering dedication of the Career Management Centre (CMC) at ICFAI Business School. The CMC works 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 endeavor 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.
Facilitating Success
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:
- Soft-skill Enhancement: The ICFAI Business School CMC organizes engaging activity sessions in innovative formats to help IBS students refine their soft skills, crucial for effective communication, teamwork, and leadership.
- Personality Development: Before going into real-world interviews, IBS students go through intensive training that includes group talks, practice sessions, and multiple simulated interviews. This thorough grooming prepares students to succeed in any professional context.
- Career Counselling: The CMC is still available to students, providing help and support in the essential process of selecting and charting their career pathways. Career counseling is critical in linking students’ objectives with industry demands.
- Internships: A key component of the CMC’s initiatives is the facilitation of internships that provide hands-on experience and exposure to industry dynamics. These internships allow students to apply what they’ve learned in the classroom to real-world situations, boosting their practical comprehension.
- Strong Industry Interface: The CMC maintains a strong link between students and industry, providing opportunity for useful encounters and networking. This interface assists students in learning about industry trends and making key career connections.
Summer Internship Programme at IBS (SIP)
The Summer Internship Placement program at ICFAI Business School’s Career Management Centre (CMC) is a cornerstone of the institution’s two-year full-time MBA/PGPM program. This program is not just an option; it is a mandatory requirement for every student pursuing the MBA/PGPM program at ICFAI Business School.
The summer internship program extends over approximately 14 weeks, during which students secure placements with distinguished organizations spanning. For more details, please visit official site of ICFAI Business School. ( https://ibsindia.org/ )
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