XLRI Placements 2020: Average Salary Shoots to Rs.24.30 LPA with Highest Intl Package at Rs.58.5 LPA; Concludes 100% placement in 2 Days

MBAUniverse.com News Desk |
February 5, 2020
XLRI Jamshedpur final Placement 2020 has concluded in 2 days with 100% placement and upward jump in Average salary which has gone up to Rs.24.30 LPA from Rs.22.35 LPA last year. Highest International salary has gone up to Rs.58.50 LPA. 43 percent batch received PPOs. 108 recruiters participated in XLRI Placement making 362 domestic and international offers
XLRI placement 2020

Consistently scaling new heights in placements over the years, XLRI Jamshedpur has yet again broken all its past placement records and continued with its legacy of achieving the higher placement packages for its students, resulting in rising average, median and highest salary in Placements 2020.

XLRI has concluded its placement season 2020 in just 2 days after achieving 100% placement for its students. XLRI Placement 2020 has witnessed a substantial rise in average salary which has gone up to Rs.24.30 LPA from Rs.22.35 LPA last year. 

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XLRI- Xavier School of Management has successfully achieved 100% placements for the outgoing batch of 2018-20 of its flagship programs: Two-year Postgraduate Diploma in Management – Human Resource Management and Two-year Postgraduate Diploma in Management - Business Management with all 359 candidates securing offers through the final recruitment process within two days.

The Final Recruitment process saw participation from 108 recruiters with 362 domestic and international offers, inclusive of 24 new finals recruiters.

XLRI Final Placements 2020: Key Highlights

  • Average salary saw an increase to Rs.24.30 LPA this year from Rs.22.35 LPA last year
  • The highest international offer stood at Rs.58.5 LPA from the S&M domain
  • Median salary in 2020 increased to Rs.23 LPA from Rs.21 LPA last year
  • Multiple domestic offers at Rs. 50 LPA were received from the BFSI sector
  • 43% of the batch received PPOs - the highest number of offers 
  • Total Recruiters at the campus gone up to 108 from 104 last year
  • The top segments based on roles offered were Consulting, Sales & Marketing and BFSI.
  • KPMG and Pricewaterhouse Coopers made the highest number of offers among the regular recruiters
  • Number of new recruiters are 24 which included Arga Investment Company, Tolaram Group, M H Alshaya, Myntra, Power Finance Corporation, Delhivery, JCB, Thoucentric, Welspun, Diageo, Varroc, CK Birla, amongst others.
  • Participation in Placement from PSUs like Power Finance Corporation, GAIL

On the remarkable success of Placement 2020, On the remarkable success of Placement 2020, Fr. P Christie. S.J, Director, XLRI - Xavier School of Management said, “We are happy to announce that this year’s placement season has once again witnessed remarkable success in spite of the longish economic slowdown. Interest in XLRI’s students has been tremendous, with top companies coming for recruitment. 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.”

XLRI Placement Trends
The Placement 2020 has recorded a spurt in average salary by almost 9% over last year with median salary going up by more than 9.5%. Beating the slowdown in placement offers in past years also, XLRI has consistently seen an increasing trend in the average salary. A comparative analysis is given below:

Placement year
Average salary (Rs. in lakhs)
Median salary (Rs. in lakhs)
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

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

XLRI Placement year
PPOs
2020
154
2019
122
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 & First Time Recruiters
Placement 2020 at XLRI saw participation from Public Sector Undertakings like GAIL, Power Finance Corporation along with high number of first time recruiters like Tolaram Group, M H Alshaya, Myntra, Delhivery, JCB, Thoucentric, Welspun, Diageo, Varroc, CK Birla

Top Recruiters
Out of 108 recruiters, XLRI witnessed 24 first time recruiters in Placement 2020. Top recruiters at XLRI Placement 2020 include KPMG, PwC, The Boston Consulting Group, Accenture Strategy, Microsoft, Amazon, P&G, Aditya Birla Group, ITC, Avendus Capital, Standard Chartered, Capgemini ELITE, Hindustan Unilever, Deloitte, EY, McKinsey, ITC, Colgate Palmolive, Asian Paints, Samsung, Citibank, J.P Morgan Chase, Avendus Capital among others.   

Sector Wise Placement
The top segments based on roles offered were Consulting, Sales & Marketing, and BFSI. Consulting firms extended offers to 26% of the candidates. Sales & Marketing and BFSI constituted 21% and 17% of the roles offered to Business Management students, respectively. Other roles included niche functions in Product Management, Business Transformation, Brand Management and Finance.

KPMG, Pricewaterhouse Coopers made the highest number of offers amongst other regular recruiters such as The Boston Consulting Group, Accenture Strategy, Microsoft, Amazon, P&G, Aditya Birla Group, ITC, Avendus Capital, Standard Chartered, Capgemini ELITE, Hindustan Unilever, and others.

New recruiters included companies such as Arga Investment Management, Myntra, Power Finance Corporation, Thoucentric Consulting, Welspun, Tolaram Group, M H Alshaya, JCB, TCS, Vedanta, amongst others.

XLRI’s unrivalled reputation for its PGDM programmes especially the 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
Consulting was the biggest draw this year with firms such as McKinsey & Co., Bain & Co., The Boston Consulting Group, Accenture Strategy, Deloitte, PWC, EY, KPMG, AON, Korn Ferry, Vector Group, Everest Group, Thoucentric Consulting, Infosys and others participated in the process.

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, and others participating. The process witnessed a surge in companies in the pharma sector such as Cipla, Dr. Reddy’s, Astra Zeneca, GlaxoSmithKline, among others. Giants in the automotive segment such as Maruti, Bajaj, JCB also participated in the process. Roles in Company Strategy, Sales & Marketing, Product Supply, Operations, Purchase, IT and Human Resources were offered.

BFSI
Finance did exceedingly well this year aided by the participation of firms such as Arga Investments, Citibank, J.P Morgan Chase, Avendus Capital, Shannonside Capital, Goldman Sachs, Standard Chartered, ICICI, Power Finance Corporation, Belden, Edelweiss and others. The roles offered in this domain were Front End Investment Banking, Global and Corporate Banking, Wealth Management, Global Markets, Equity Research and Retail Banking. The increase in finance roles can be attributed to a higher number of candidates opting for the Finance specialization and a vibrant appreciation for finance in the form of finance associations and an in-house XLRI Student Investment fund.   

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

ITES, E-commerce and Analytics
The firms in this segment include Microsoft, Amazon, Ola, Media.net, Flipkart, Oyo Rooms, Tech Mahindra, HCL, TCS, EXL, and others. Mygate, Policy Bazaar, opened opportunities to students as well. The diverse set of roles offered were Strategy Advisor, Program Manager, Product Manager, Category Manager, Business Development, Territory Head, Analytics, and Recruiter.   

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, ITC, JP Morgan and Chase, Colgate Palmolive, Myntra, Ola, Power Finance Corporation, Samsung, C K Birla, and others. M H Alshaya offered international roles in the HR domain. HR roles offered also included recruitment, HR consulting, Compensation & Benefits, and HR analytics. This year also saw healthy participation from PSUs like Power Finance Corporation, GAIL and others.

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