XLRI has maintained its cent percent record for the batch graduating in 2009. Students witnessed unparalleled job opportunities across the crème de la crème of the corporate world. The highlight of the placement season remained XLRI’s resilience in maintaining top-notch profiles and roles which remain unmatched in the B-School circuit.
Commenting on the salary package offered on campus, Prof. Rajiv Misra, Faculty Chairperson, Placement Committee, XLRI, says, “The average domestic salary package offered on campus was INR 12.12 lakh per annum, a notch below last year’s figure. The mammoth placement season witnessed 76 companies participating in a strategically planned rolling process. Companies were conservative in terms of pre-placement offers this year with 30 PPOs being offered. Eight students ventured into the corporate world with their own niche business plans.”
“Notwithstanding the financial crisis, the institute has maintained its stand as a premier finance destination with 30 % of the total offers coming from the financial sector. Offers were received across a plethora of functions in Investment Banking, Treasury, Corporate Finance, Commercial Banking and Insurance. The domestic investment banks were led by Centrum and SBI Capital. Banks such as Citibank, HSBC, Standard Chartered, ICICI, Axis Bank and Bank of Baroda offered roles in their treasury & foreign exchange desks as well as their corporate and retail banking functions,” says Placement Committee Chairperson.
Speaking on the interest areas of the students showed during placements, Prof. Rajiv Misra says, “Marketing threw up diverse opportunities in branding, and sales functions alike with 32% of the students accepting offers made, thus reaffirming XLRI’s stronghold in the marketing domain. FMCG majors like Procter & Gamble, Hindustan Unilever, Nokia, Johnson & Johnson, ITC, Pepsi, Amul, Asian Paints and Reckitt & Benckiser offered sales and marketing profiles to students this year. The year saw a wide variety of first time recruiters including, L’Oreal, Titan, Castrol and telecom majors like Bharti Airtel & Virgin Mobile. A 9% increase in acceptances showcased the interest that the students showed for jobs on offer.”
Commenting on students’ inclination towards entrepreneurship, Prof. Misra remarks, “The commitment to promoting and fostering entrepreneurship received a boost this year. With the introduction of deferred placements for students starting out on their own, the institute established a new legacy in promoting nation builders. This year saw the launch of three startups which have received tremendous accolades in the corporate world. Also, one student signed out with deferred placements.”
While speaking on some unique developments this year at placements 2009, Placement Committee Chairperson says, “The distinct element in recruitments this season was the active participation of Public Sector Undertakings (PSUs). PSUs ranged from financial institutions like SBI Capital, Bank of Baroda, Securities Exchange Board of India (SEBI) to top energy players like GAIL, BPCL, ONGC & Coal India Ltd. BHEL. The offers extended by PSU’s found acceptances from among 10% of the batch.”
The resounding success of the placement season comes close on the heels to the Convocation ceremony of the batch of 2007-09. In the words of Prof Rajiv Misra, Faculty Chairperson, Placement Committee – “Challenging years such as these test the fundamentals on which the success of placements of an institute are achieved. The convincing set of placements XLRI has received this year reaffirms our strong footing in the corporate world which respects and admires the way we nurture talents.”
