Xavier School of Rural Management, earlier known as XIMB-RM has achieved 100% placement with high packages for its 21st batch of MBA Rural Management 2015-17. The highest salary stood at Rs. 11 lakhs and average salary was Rs.7.32 lakhs in placement 2017 for MBA-RM at Xavier School of Rural Management.
The two year, MBA in Rural Management programme of Xavier University Bhubaneswar concluded its annual placement season – Xuberance 2017 during the third week of February. This year’s recruitment cycle delivered lucrative employment opportunities offered from diverse yet relevant sectors. The post graduate programme which was previously offered under the banner of XIMB-RM, now falls under Xavier School of Rural Management (XSRM), Xavier University Bhubaneswar (XUB).
The uniqueness of this programme is designed to focus on nurturing enlightened knowledge leaders who would enable and contribute to the effective management of organizations engaged in progressive economic development and social transformation work. The MBA-RM programme provides a ‘MBA-plus’ orientation, which goes above and beyond the standard management curriculum to develop ethically responsible and value driven professionals with an extensive understanding of the rural context, communities, markets and opportunities. XSRM was the first school under XUB to successfully achieve 100% placements for the Rural Management batch of 2015-17.
The placement season witnessed participation of companies cutting across all the established major sectors of Research and Consulting, Financial Inclusion, Development, FMCG, Co-operatives, CSR and Banking & Financial Services Institutions.
MBA-RM Placement 2017: Key trends
- Batch of 83 candidates of MBA (RM) programme participated in the placement process.
- 30 companies participated, of which 12 were new recruiters.
- The highest domestic salary was Rs. 11.00 Lakhs per annum
- The average annual compensation was Rs. 7.32 Lakhs per annum
- The Median annual compensation was Rs. 7.00 Lakhs per annum
Top Recruiters
FMCG: AMUL offers Rs.11 lakhs package
This year the most attractive remuneration was offered by the FMCG sector, where coveted job profiles in Sales, Business Development and Rural Marketing were proposed by companies like AMUL, CavinKare and Sarda group. Although opportunities from this sector were extended to 7% of batch, the highest package of 11 lacs per annum was offered by AMUL.
Consulting: 17% offers
Second in line, in terms of remuneration was followed by the Consulting domain. The programme witnessed the return of regular recruiters like PwC, Deloitte and Sambodhi Research. This sector offered the second highest package to the students and recruited 17% of the batch. Participation from new recruiters in this domain included companies like Quess Corp, Infiniti Research etc.
BFSI: 34% offers
Highest number of offers made to students was fulfilled by the BFSI sector. It offered rewarding profiles in rural lending to 34% of the batch. There was an overall increase in the remuneration offered and the number of students recruited since last year. Some of the major recruiters were State Bank of India, Axis Bank, ICICI Bank, TATA AIG General Insurance and Bajaj Allianz Life Insurance.
Finance: 22% offers
Despite the slump in recruitment that was observed in the Financial Inclusion domain, no tanglible effect of the slowdown was perceived in the results of Xuberance 2017. Ujjivan Financial Services being a regular recruiter absorbed the highest number of students in this domain. Other recruiters included Arohan Financial Services, Fincare, Swadhaar Finserve, Village Financial Services, Samunnati who cumulatively recruited 22% of the batch and offered a healthy average compensation of 7.52 lacs.
The success of the Rural Management programme offered by XSRM is highlighted by the number students opting to take offers from organisations that operate at the grassroots level. Reputed organisations in the development sector like PRADAN, Basix, Bihar Rural Livelihood Promotion Society, SRIJAN, Humana People To People, recruited 10% of the batch. Additionally, the programme witnessed allied companies within the Development landscape, like TATA Trust and National Agricultural Cooperative Marketing Federation of India Ltd.(NAFED) providing offers in the CSR and Co-operatives domain.
SUMMER INTERNSHIPS FOR 2016-18 MBA-RM
In terms of Summer Internships for the Batch of 2016-18, XSRM had witnessed excellent opportunities this year for a batch size of 90 students, with 28 companies participating in the summer placement process.
Companies across different sectors like BFSI, FMCG, Consulting, Agri Input Marketing, Policy Research, Development and Livelihoods, and Financial Inclusion visited the campus for the summer internship process. Some major recruiters were PwC, ITC, SBI Life, Cargill, Pidilite, HDFC Bank, Technoserve India, PRADAN, Centre of Budget and Policy Studies, Sarda Group.
The highest stipend offered to young rural managers, was INR. 60,000 per month. While the average stipend stood at INR. 15,784 per month.
Xavier Institute of Management, Bhubaneswar (XIMB) was established 28 years ago. XIMB is now counted among the leading management institutions in the country. XIMB has been awarded A*** grading by CRISIL. The B school offers 2 years full time MBA; MBA in Human Resource Management (MBA-HRM) and MBA in Rural Management (MBA-RM). The MBA-RM is a full time 2 year MBA programme and is now offered by Xavier School of Rural Management, a separate entity under Xavier University, Bhubaneswar.
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