XLRI completes Final Placements 2021 in 2 days; Average salary up; No increase in Median Salary

MBAUniverse.com News Desk |
February 25, 2021
XLRI Jamshedpur completed final Placement 2021 in Virtual Mode within 2 days achieving 100% placement, registering an upward jump in Average salary which has gone up to Rs.25.08 LPA from Rs.24.30 LPA last year. Highest Domestic salary has gone up to Rs.50+ LPA offered in BFSI sector. More than 33 percent batch received PPOs. 108 recruiters participated in XLRI Placement making 370 domestic and international offers to 358 students
XLRI placement 2021

Xavier School of Management Jamshedpur, popularly known as XLRI, has completed its Final Placements 2021 for the batch of 2019-21 for its two-year postgraduate Diploma in Management (PGDM) in Human Resource Management and PGDM in Business Management. All 358 candidates secured job offers in two days of the final placements.

XLRI final recruitment process saw participation from 108 recruiters with 370 domestic and international offers, inclusive of 23 new finals recruiters. About 33 percent students received pre-placement offers.

P Christie, Director, XLRI said that that entire placement process 2021 was completed in virtual mode. He also said that despite the pandemic and its adverse ripple effects on the global economy, XLRI has been able to achieve 100 percent placements in a record time.  

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XLRI Placements 2021 Highlights

  1. Average Salary Up: The average salary rose to Rs 25.08 lakh per annum from Rs 24.30 lakh per annum in 2020.
  2. No increase in Median Salary: Median salary remained same – Rs 23 lakhs per annum.
  3. Top Domains: The top domains based on the roles offered were consulting, sales & marketing and BFSI.
  4. Top Recruiters: Among companies, Boston Consulting Group, Bain and Co., PricewaterhouseCoopers, Accenture Strategy, Amazon, ITC and Paytm made the highest number of offers among the regular recruiters.
  5. New Recruiters: New recruiters included Mastercard, DE Shaw, Airbnb, DBS Bank, Nykaa, Freshworks, ZS Associates, Tata Electronics, Rebel Foods and IDFC Bank, amongst others.

XLRI Placements 2021 Vs 2020: A Comparison
So how did XLRI placements 2021 fare this year. MBAUniverse.com presents a comparison. While the average salary rose to Rs 25.08 lakh per annum from Rs 24.30 lakh per annum in 2020, there is no increase in Median Salary this year. Last year, it had shown a significant increase. Refer table below.

Placement year
Average salary (Rs. in lakhs)
Median salary (Rs. in lakhs)
Placements 2021
Rs 25.08
23
Placement 2020
24.30
23
Placement 2019
22.35
21
Placement 2018
20.10
21
Placement 2017
19.21
19
Placement 2016
18.50
18

Source: MBAUniverse.com Research

In 2020, Highest International salary was Rs. 58.50 LPA. Last year, 43 percent batch received PPOs. In 2020, 108 recruiters participated in XLRI Placement making 362 domestic and international offers.

XLRI Placements 2021 – Sector wise Report
Consulting firms extended offers to 29% of the candidates. Sales & Marketing and BFSI constituted 16% and 14% of the roles offered to the students respectively.

BCG, PwC, Accenture Strategy, and PayTM made the highest number of offers amongst other regular recruiters such as TAS, Microsoft, Amazon, P&G, Aditya Birla Group, ITC, Nestle, Standard Chartered, Capgemini ELITE, Hindustan Unilever, and others. New recruiters included companies such as Mastercard, DE Shaw, Airbnb, DBS Bank, Nykaa, Freshworks, ZS Associates, Ganit Inc, amongst others.

Consulting

Consulting was the biggest draw this year, with firms such as Bain & Company, The Boston Consulting Group, AT Kearney, Accenture Strategy, Deloitte, PwC, EY, KPMG, Everest Group, Infosys Consulting, and others participating in the process. The increase in consulting roles can be attributed to a higher number of candidates opting for these roles and recognizing talent at XLRI by these consulting firms. The increased interest is also due to the established track record of XLRI graduates over the years in prestigious management consulting firms in India and abroad.

FMCG, Telecom, and Pharma
XLRI has established itself as a campus preferred by FMCGs, and the trend continued this year with top firms such as P&G, Hindustan Unilever, ITC, Colgate Palmolive, Asian Paints, Samsung, Marico, and others participating. The process witnessed a surge in companies in the pharma sector such as Cipla, Dr. Reddy’s, Sun Pharma, Thermofisher, Aurigene Health Tech, among others. Roles in Company Strategy, Sales & Marketing, Product Supply, Operations, IT and Human Resources were offered to the graduating students.

BFSI
Finance did exceedingly well this year, aided by the participation of firms such as Goldman Sachs, J.P Morgan Chase, NIIF, Citibank, Standard Chartered, Kotak Mahindra Bank, ICICI, Edelweiss, and others. The roles offered in this domain were Front End Investment Banking, Asset Management, Portfolio Management, Global and Corporate Banking, Wealth Management, Global Markets, Equity Research, and Retail Banking.

General Management
Roles in General Management were offered by conglomerates such as TAS, Aditya Birla Group, Mahindra, Capgemini ELITE, Reliance Industries, Xiaomi, RPG, ACT, and other firms.

ITES, E-commerce and Online Services
The firms in this segment include Microsoft, Amazon, PayTM, PhonePe, Myntra, Ola, Media.net, Flipkart, Udaan, AirBnB, HCL, TCS, EXL, and others. This year saw an increased focus by EdTech firms, with Byju’s, Unacademy, and VMock visiting campus for final placements. The diverse set of roles offered were Product Manager, Program Manager, Business Development, Financial Planning amongst others.

HR
XLRI is widely regarded as the best institution in the country for HR. HR roles were offered by firms spanning the spectrum of domains such as P&G, HUL, ITC, Colgate Palmolive, Marico, JP Morgan Chase, and Co., Myntra, Ola, Power Finance Corporation, Samsung, and others. Prestigious roles like Chief Talent Officer roles were offered to students on campus by Graphene Health Tech. HR roles offered included HR Consulting, recruitment, Compensation & Benefits and HR Analytics. This year also saw healthy participation from PSUs like Power Finance Corporation, GAIL, and others. Premier consulting firms like PwC, EY, KPMG, and Deloitte open exclusive HR consulting roles for XLRI students reaffirming their trust in XL-ers as HR leaders of tomorrow.

Read more Placements 2021 Reports

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