XLRI Placements 2018: Average salary goes up to Rs.20.1 Lakhs with 132 recruiters; process concluded in 3.5 days

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XLRI placement 2018
Monday, February 12 2018, 10:20 AM
XLRI Jamshedpur has concluded Placement 2017 with average salary at Rs.19.21 LPA and 121 PPOs in the batch of 359 students
“We attribute the excellent placements this year as an affirmation by the industry of the high-standard of management-centric education that we strive to deliver to our students” Fr. E Abraham, Director, XLRI

Continuing with its legacy of achieving the higher placement packages for its students, resulting in rising average and median salary in Placements year after year, XLRI Placement 2018 has recorded an average salary of Rs.20.1 lakhs and median salary of Rs.21 lakhs with 132 recruiters making 370 offers to 358 students.

Xavier School of Management (XLRI) Jamshedpur has concluded the Placement 2018 for its flagship programme Two-year Postgraduate Diploma in Management – HRM and BM with all 358 candidates securing offers through the final recruitment process in 3.5 days. The Final Recruitment process at XLRI saw more PPOs/PPIs offered by the recruiters to the students.

In all 132 recruiters participated in XLRI Placement 2018. The list of recruiters included 29 first time recruiters.

Key Placement Trends
Over the years the Placement at XLRI has seen a rising trend in average salary. Placement 2018 is no exception to it as the median salary offered to the batch is INR 21 Lakh per annum while the average is INR 20.1 lakhs per annum.

Median Salary is higher than Average salary: Rising trend at XLRI
The Placement 2018 has recorded a higher median salary than the average salary as against the trends in previous placement seasons. Finding it unique, MBAUniverse.com contacted the Placement committee representative at XLRI Mr Gaurav Begwani who confirmed that the Median salary at XLRI Placement 2018 stands higher than average salary.

Beating the slowdown in placement offers in past years also, XLRI has consistently seen an increasing trend in the average and median salary. A comparative analysis is given below:

Placement year
Average salary (Rs. in lakhs)
Median salary (Rs. in lakhs)
Placement 2018
20.10
21
Placement 2017
19.21
19
Placement 2016
18.50
18

Rising number of PPOs
Pre placement offers (PPOs) have also recorded consistent rise in placements over the years as shared below-

XLRI Placement year
PPOs
2018
122
2017
121
2016
102
2015
 99
2014
 79

The rising trend in number of PPOs emphasises that the students from XLRI are consistently proving their mettle in the industry year after year.

Participation by PSUs
Placement 2018 at XLRI saw participation from Public Sector Undertakings like GAIL, IOCL and HPCL along with first time recruiters like National Housing Bank and India Health Action Trust.

Top Recruiters
Out of 132 recruiters, XLRI witnessed 29 first time recruiters in Placement 2018. Top recruiters at XLRI Placement 2018 include Boston Consulting, Accenture, Deloitte, KPMG, EY, PwC, P&G, Colgate Pamolive, GAIL, HPCL, IOCL, HUL, Nestle, Johnson & Johnson, Mondelez, ITC India, AB InBev, Heinz, Avendus Capital, JP Morgan, Citibank, DBS, TAS, Aditya Birla Group, RP Goenka group, Capgemini, P&G, RB, Amazon, General Electric, Shell, Samsung, Bharti Airtel among others.    

Prof. Uday Damodaran, Chairperson, Placements (2 yrs. PGDM Programs), XLRI- Xavier School of Management said, “This has been a good year for both of summer as well as final recruitments. We are extremely grateful to all the recruiters for showing belief in the XLRI brand and our students.”

Sector-wise Placements
XLRI’s unrivalled reputation for its Human Resources Program was clearly visible as the HR students secured excellent job offers across sectors viz. Consulting, FMCG, General Management and other sectors in large numbers.

Consulting
Reputed Management Consulting firms such as The Boston Consulting Group, Accenture Technology Consulting, Deloitte S&O, KPMG, EY, Deloitte and PwC recruited from the Consulitng domain.

Marketing and FMCG
Sales and Marketing opportunities offered by the FMCG sector have contributed to establishing XLRI as one of the most preferred recruitment destinations over the years. This year, was no different with industry majors like P&G, Colgate Pamolive, Hindustan Unilever Limited, Nestle, RB Johnson & Johnson, Mondelez, ITC India, AB InBev, and Heinz were among the regular recruiter from the FMCG sector.

Finance
Avendus Capital, JP Morgan Chase, Citibank, DBS, Societe Generale, Edelweiss and Standard Chartered represented the financial services sector.

General Management
XLRI, with its students specializing in both the Human Resource and Business Management functions, continued to see reputed conglomerates such as Tata Administrative Services, Aditya Birla Group, RP Goenka group and Capgemini offering General Management roles.

Operations
A notable characteristic of the recruitment process was the excellent placements across consulting and operations domains. Boston Consulting Group hired 12 candidates. Students secured placements in prestigious operations roles in P&G, RB and Amazon.

General Electric, Shell, Samsung Electronics, Bharti Airtel and Star also extended offers to the candidates.

This year also saw healthy participation from PSUs with GAIL, IOCL and HPCL hiring in large numbers along with first time recruiters like National Housing Bank and India Health Action Trust.

On the remarkable success of Placement 2018, Fr. E Abraham, Director, XLRI - Xavier School of Management said, “We are happy to announce that this year’s placement season has witnessed a remarkable increase in both the number of offers and recruiters. Interest in XLRI’s students has been tremendous with top companies recruiting. We attribute the excellent placements this year as an affirmation by the industry of the high-standard of management-centric education that we strive to deliver to our students.”

Xavier School of Management (XLRI) is a premier, private management institute in India founded in 1949 by Fr Quinn Enright, S.J. in the Steel city of Jamshedpur, Jharkhand. Over the last seven decades, XLRI has helped shape responsible business leaders who serve organizations of repute across the globe. As an institution, XLRI continually strives to contribute its mite to the professional growth and management of innumerable organizations that serve the public - especially organized industry sectors, labor welfare, service agencies engaged in rural development, education, health and other public systems.

XLRI has been awarded two prestigious International Accreditations, viz., AACSB - The Association to Advance Collegiate Schools of Business and AMBA - Association of MBAs. XLRI has also earned the National Board of Accreditation (NBA) accreditation.

Stay tuned to MBAUniverse.com for more updates on XLRI Jamshedpur

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