The process attracted 54 companies, as opposed to 23 last year, and made 101 offers to 53 participating students. The average salary of individual offers stood at Rs 17.8 lakhs (an increase of close to 20% from previous year), while the highest domestic offer was Rs 33.8 lakhs and the average of international offers was USD 130,000 (an increase of 30%).
XLRI says that sponsored candidates have also got elevated roles and middle/senior management responsibilities from their parent companies.
The batch has been offered plum roles – like AVP -Finance, Director, Associate Director, AGM Operations, Chief Manager, Managing consultant, Strategic Account Manager, Client Solutions manager, etc - highlighting the potential of the participants for middle and senior management roles. Also placements helped 30% of the batch change sectors where students had prior work experience. One participant opted out of the process to start his own entrepreneurial venture.
The batch saw a mix of participating companies from diverse sectors such as Banking, Energy, IT, Consulting, Manufacturing, Steel, Real Estate and Telecom. Arcelor Mittal, Reliance ADAG, Jindal Steel, DLF, Tata Communications, Cairns Energy, L&T were some of the major recruiters of the batch. Few of the Consulting companies that participated are Mckinsey, Accenture, IBM S&C, ICRA Management Consulting (IMACs), TCS Global Consulting, KSA Technopak. Axis bank, SBI Capital, ICRA, UBS were some of the BFSI companies that turned up for recruitment. IT/ITES majors like HP, Cognizant, Satyam, Wipro, Inautix, Hexaware, and Genpact participated.
"With just two years of organized placement support from the Institute, the one year General Management Programme of XLRI has firmly established itself as a source of quality talent for recruiters. There were a number of recruiters who personally expressed their extreme satisfaction with the quality of the participants. These positive comments reinforce our belief that we are doing things right as far as our one year programme goes,” says Prof. Uday Damodaran, Chairperson of the Placements at XLRI.
The placement season was held during 2nd week of February at Mumbai followed by rolling placements in March at Jamshedpur. The process was aimed at offering flexibility to the students and recruiters to find the right fit, as the participants were potential middle and senior management candidates with experience ranging from 5.5 to 15 years, with the average pegged at 7.5 years. Students also visited Australia as part of the international immersion introduced in the curriculum from this year.
