The placements at Xavier Institute of Management, Bhubaneswar have once again re-confirmed the upward graph in the Indian economy. Following the downswing in the world economic environment in 2008, the academic year 2009-10 has brought with it a fresh lease of vibrancy.

The placement record book of XIMB registered 100% placements for the Post Graduate Diploma in Management (PGDM) course. The placements witnessed the participation of regular recruiters aptly complemented by a plethora of new entrants.

With over 27% of the batch receiving pre placement calls from their summer internship organizations, the momentum of placements continued with over 58 companies participating in Placements 2010. Of these 16% were first time recruiters.

Placements 2010 saw regular recruiters like Cognizant, OLAM International, HCCBPL, Deloitte, UB Group, Vodafone, Infosys, HP, Tata Corp HR, TCS, HSBC, Wipro, Axis Bank, Dr Reddy’s, Essar Group, Societe Generale, ICRA, Tata Steel, Fidelity, Mahindra, Idea, SBI, Tata Tele Services strengthen their relationship with XIMB.

Salary

For the batch of 2010 the highest domestic salary scaled up to Rs.18 lakhs per annum, a 12.5% increase over last year. The average salary saw a rise of 45% as compared to the previous year and stood at Rs.10.52 lakhs per annum with the median salary at Rs. 9.5 lakhs per annum. The year also witnessed students diverging from the conventional path to taking the road to entrepreneurship.

New recruiters

The new recruiters were: Nokia, Dell, RBS, Religare, Daimler, Vista Soft, AATCO and many others.

Job profile

The profiles offered varied in their diversity, encompassing Corporate Finance, Equity Research, Investment Banking, Marketing, Sales and Distribution, Supply Chain Management, Business Consulting, IT consulting, Industrial Relations and Corporate HR.

International placements

The international placements made a mark with organizations like OLAM international and AATCO offering varied profiles and alluring pay packages. OLAM International offered the highest international package of USD 150,000 per annum in the General Management profile.

Sectors

A new paradigm was established in the Consulting area with 17 % of the students foraying into this field. Cognizant along with Deloitte and Hewlett-Packard were some of the major recruiters in this area offering roles in Business Consulting.

IT provided a great fillip with the major IT behemoths absorbing 15% of the batch. The likes of Cognizant, Tata Consultancy Services, Infosys, and Wipro offered diverse roles in the IT sector. This sector also saw young, fast growing organization like KalingaSoft recruiting students.

In the finance sector, the campus was visited by the likes of HSBC, RBS, Religare, Irevna, ICRA, State Bank of India, Axis Bank, Fidelity and Vista Soft, recruiting 26% of the batch. The profiles covered all the major sectors of finance ranging from Asset Management, Corporate Finance, Equity Research, Risk Management and Banking.

The marketing area lived up to its ever rising expectations with recruiters like Hindustan Coca-Cola Beverages Pvt. Ltd. (HCCBPL), UB Group, Vodafone, Dr Reddy’s, Marico, Britannia, Tata Steel, Idea, Cavin Kare and IDEA making their presence felt by recruiting 23% of the batch, with the highest salary touching Rs.18 lakhs/annum. New corporate relationships were fostered with the likes of Reckitt Benckiser, L’oreal and Kellogg’s. The Finance sector also contributed immensely to the placements in marketing with major financial giants like Religare, Axis Bank and SBI offering students marketing profiles.

The HR area was not to be left behind with regular recruiters like Tata Corp HR and Infosys aptly complemented by first time recruiters like Nokia, Dell, Daimler absorbing 13% of the batch. The students also got an opportunity to explore the challenging field of Industrial Relations.

The operations stream also witnessed a rise in recruitments with organizations like Essar Group, Daimler, Vedanta and Innovative Logistics handing out lucrative offers.

PGDM-Rural Management 2008-2010

The RM programme also witnessed 100% placements this year with all 53 students joining their fields of core competence. The placement week saw the participation of over 20 companies. Recruiters were broadly classified under four sectors- Banking & Microfinance, Agriculture & Allied Business, Research & Consultancy and Development.

While 47% of students chose Banking & Microfinance sector, Agriculture and Allied Business was the next preferred option for 23% of the students. Some of the star recruiters of this year were ITC Limited, AMUL, Mother Dairy, Institute of Financial Management and Research (IFMR), IMRB International, Monsanto India Limited, Manipal Education & Medical group, NASSCOM Foundation, IDBI Bank Ltd. etc. First time recruiters included ITC Limited, SBI Life, Rajiv Gandhi Mahila Vikas Pariyojna, Natural Resource Management Consultancy, Udyogini etc. PPOs / PPIs made up 10% of the offers to the batch.

A number of students were bestowed with challenging and exciting profiles; some of these include: Senior Sales Executive in Amul, Area Manager in ITC Limited, Territory Sales Manager in Monsanto, Research Executive in IMRB International, Research Associate in NASSCOM Foundation, Team member-Commodity Finance in IFMR- CMF and Area Manager in Tata Tele Services Ltd.

The highest package of the batch was pegged at Rs 9.5 lakhs per annum while the average salary stood at Rs 5.3 lakhs per annum and the median salary at Rs 5 lakhs per annum. Placements took an upswing with 34% of the batch getting an average salary of Rs 6 lakhs per annum and above. The average salary increased by 18.83% compared to the previous year’s figures.

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