A report released recently by The Organisation for Economic Co-operation and Development (OECD) has highlighted the pandemic’s severe impact on employment and jobs. The report stated, “The COVID-19 pandemic has triggered one of the worst jobs crises since the Great Depression. There is a real danger that the crisis will increase poverty and widen inequalities, with the impact felt for years to come.”
On similar lines, The World Bank has also observed that the economic damage due to COVID-19 represents the largest economic shock the world has experienced in decades.
As world governments grapple with one of the worst economic crises, young workers and graduating students across countries are bracing themselves to deal with the challenges of high unemployment and an uncertain future.
However, a few global centres of learning and research like ISBR Business School are breaking this mould and rewriting the ‘new normal’ in this adverse economic landscape. Defying the challenges posed by the global pandemic, the school’s PGDM batch recorded 98% placements in 2021 with average salaries of Rs 7.5 Lakh per annum (LPA).
The PGDM class of 2022 received placement offers from 34 global conglomerates across the IT, ITES, Business Consulting and Risk Advisory, HR Consulting and Talent acquisition, Auto, Logistics and Supply Chain, Analytics – AI, Fintech, BFSI, Insurance and Global taxation and Audit sectors in addition to the other 50+ indigenous brands.
While 98% of students have already accepted offers for a wide array of roles with some of the world’s most reputed brands, less than 2% of two PGDM students are in the final round of their selection process and are likely to be confirmed soon.
31 students with a specialisation in Finance have taken up roles with leading Taxation and Audit, Fintech, Analytics, Credit Underwriting, Corporate Finance and Global Investment giants like PwC, DCB Bank, Hexaware Solutions, Toyota, Hitachi, Ninjakart Grant Thorton and Adecco. 45 students with a Marketing specialisation will be taking up Analytics, Market Research, Retail Sales and Consulting roles with world-class brands like Optimal Strategix Group, Markets and Markets, ICICI Lombard, L’oreal, Berger Paints, Cogno AI, Evosys, Dell, Repos and Fedex.
Another 25 students with a specialisation in HR will be taking up Consulting and Talent Acquisition roles with Banking, Auto, IT, Telecom and Logistics and Supply Chain leaders like DCB Bank, Hexaware Solutions, Toyota, Hitachi, Ninjakart and Adecco and 24 students with specialisations in Operations and Supply Chain have decided to take up roles with global institutions like DHL, Forester, Borderless Access, Trinamix and Flipkart.
While students from the Finance stream recorded a 94% placement rate, students from other specialisations, including Marketing, HR, Operations and Supply Chain,l recorded an astonishing 100% placement rate with the highest salary being offered at Rs 11 Lakhs per annum.
Despite the turbulence caused by the global pandemic, this year’s hiring drive witnessed a remarkable rise in the number of companies visiting campus and offers being rolled out to students. Overall placements also rose by over 40% compared to last year, and the placement numbers have nearly doubled in comparison to 2020. A rare feat considering the current circumstances and COVID-19 induced job losses and a high unemployment rate. Despite the multiple challenges imposed by the pandemic, ISBR students displayed extraordinary perseverance, resilience and are committed to multiple learning and professional experiences. This historic feat is a testament to their untiring efforts and the collaborative work of the outstanding faculty and staff of the office of career services at ISBR.