Are you a student considering pursuing a degree at the Indian Statistical Institute (ISI)? Are you curious about the placement opportunities and career prospects that await you after completing your studies? Look no further! In this comprehensive guide, we will explore the various aspects of placements at ISI, including the placement process, top recruiters, average salary packages, and testimonials from successful alumni.
What is ISI?
The Indian Statistical Institute, established by Professor P.C. Mahalanobis, is an institution of national repute that offers unique courses in Statistics, Economics, Cryptology and Security, SQC & OR, and Computer Science. Recognized for its academic excellence, Indian Statistical Institute has gained international recognition and national importance through an act of the Indian Parliament in 1959.
At ISI, students are selected through a rigorous entrance examination and interview process. The institute maintains a relatively small batch size to ensure the highest quality among students. With a focus on both postgraduate education and research work, Indian Statistical Institute has become a hub for talented individuals seeking careers in diverse fields.
ISI Has A Dedicated Placement Cell:
Both ISI Kolkata and Indian Statistical Institute Delhi boast a well-established placement cell that is dedicated to facilitating and organizing the placement process. The placement cell conducts various workshops and seminars to enhance students’ communication skills and overall personality development. Moreover, the institute maintains strong relationships with reputed firms in the areas of Technology, Finance, Economics, Analytics, Cyber Security, Consultancy, and Software Development.
The placement cell acts as a bridge between students and recruiters, ensuring that the talent acquisition process is seamless and beneficial for both parties. Recruiters have consistently visited the campus and developed long-lasting relationships with Indian Statistical Institute, recognizing the institute as a valuable source of top-tier talent.
What is the Process of Placement in ISI?
The placement process at Indian Statistical Institute follows a systematic and well-structured approach. Companies interested in recruiting from ISI are required to fill out a Campus Recruitment Form and provide details about the job role and salary package. Based on this information, slots are allocated for interviews and tests, taking into consideration the students’ interests and the salary offerings.
Tests and interviews are conducted outside regular class hours or on weekends to minimize disruption to students’ academic schedules. Shortlisted students proceed with the interview process, and offers are declared by the companies before the end of the slot. In case any selected student declines an offer, companies are required to provide a list of waitlisted candidates.
Which are the Top Recruiters at ISI?
Indian Statistical Institute has an impressive track record when it comes to placements, with students securing positions in renowned companies both in India and abroad. Some of the major recruiters who have consistently visited the campus include:
- Goldman Sachs
- Morgan Stanley
- ICICI Bank
- Samsung
- Flipkart
The placement statistics for different courses at ISI Kolkata are as follows:
M.Tech in Computer Science (M.Tech CS)-
- Highest CTC: Rs. 89 LPA
- Average CTC: Rs. 25.2 LPA
- Median: 22 LPA
M.Tech in Cryptology and Security (M.Tech CRS)-
- Highest CTC: Rs. 58.7 LPA
- Average CTC: Rs. 25.3 LPA
- Median: 20 LPA
M.Tech in Quality, Reliability, and Operations Research (M.Tech QROR)-
- Highest CTC: Rs. 34 LPA
- Average CTC: Rs. 19 LPA
- Median: 18 LPA
M.Stat (Master of Statistics)-
- Highest CTC: Rs. 44 LPA
- Average CTC: Rs. 28.7 LPA
- Median: 30 LPA
MSQE (Master of Science in Quantitative Economics)-
- Highest CTC: Rs. 51 LPA
- Average CTC: Rs. 29 LPA
- Median: 26 LPA
Note that Indian Statistical Institute has a 100% placement record for B.Stat. ad M.Stat. students.
Successful Alumni:
The success stories of ISI Kolkata alumni are a testament to the institute’s academic excellence and industry recognition.Following are some of the most successful alumni from this institute:
Aroon Narayanan – MIT-
Aroon Narayanan, an alumnus of Indian Statistical Institute Kolkata, pursued a Ph.D. at MIT after completing his Master’s in Statistics. He emphasizes the rigorous training and academic environment at ISI Kolkata, which prepared him for his doctoral studies. Aroon’s journey is a testament to the institute’s commitment to nurturing talent and providing opportunities for higher education abroad.
Amit Garg – UBS-
Amit Garg, a former MSQE student, secured a placement at UBS, one of the leading financial institutions. He credits the comprehensive curriculum and practical exposure at Indian Statistical Institute Kolkata for equipping him with the skills and knowledge required for a successful career in the finance industry.
Honey Batra – University of Minnesota-
Honey Batra, an alumnus of ISI Kolkata’s Bachelor of Statistics program, pursued her Ph.D. at the University of Minnesota. She highlights the interdisciplinary approach at Indian Statistical Institute Kolkata, which enabled her to develop a strong foundation in statistics and pursue advanced research in her chosen field.
Conclusion:
The Indian Statistical Institute offers a wealth of opportunities for students aspiring to excel in the fields of Statistics, Economics, Cryptology and Security, SQC & OR, and Computer Science. The institute’s rigorous selection process, small batch sizes, and strong industry relations contribute to its impressive placement record.
With top-tier recruiters regularly visiting the campus and offering competitive salary packages, students from Indian Statistical Institute have found success in various industries, both in India and abroad. The institute’s emphasis on holistic development, interdisciplinary learning, and practical exposure equips students with the skills and knowledge necessary for a successful career.
Whether you are interested in pursuing a Master’s degree or a Ph.D. at Indian Statistical Institute, rest assured that the institute’s placement cell is committed to providing a seamless recruitment process and connecting talented students with esteemed organizations.
FAQs:
- How can I take admission into ISI?
Indian Statistical Institute conducts a national level entrance exam. A candidate seeking admission in ISI must qualify this exam
- How can I prepare for the ISI entrance exam?
SciAstra offers a course that can help you prepare for ISI and CMI. Click here to know more about the course.
- Is the ISI entrance exam tough?
To know more about the ISI entrance exam and its difficulty, click here.
- What is the highest salary package offered in ISI?
In the year 2023, maximum salary offered was Rs. 62 lakhs p.a. whereas the mean and median salary were Rs. 17 lakhs p.a. and Rs. 16 lakhs p.a.
- Which companies are the top recruiters at ISI?
Goldman Sachs, Morgan Stanley, ICICI Bank, Samsung and Flipkart
- Does ISI have a placement cell?
Yes, Indian Statistical Institute has a dedicated placement cell that follows a systematic process for the placement of its students
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