XLRI batch signs off with Rs 13 lakhs highest salary
By MBAjunction.com News Service

The Campus Recruitment Program 2006 at XLRI Jamshedpur, School of Management witnessed companies vying with each other to select the 186 students, both from the Business Management (BM) and Personnel Management & Industrial Relations (PM&IR) courses.

Three students signed out with offers from McKinsey, the consulting major, which offered a package of 13 Lakhs. The highest offer was made by McKinsey, followed by Hay Group, Accenture Business Consulting and HSBC Bank. The average salary for the batch this year was 8.4 Lakhs, a significant rise as compared to the corresponding figure of the previous year, 7.4 Lakhs. Over 25 students were offered salaries of 10 lakhs or more.

IBM (23), Cognizant (15), Goldman Sachs Equity Research (12), Ernst & Young Human Capital (11), ICICI Prudential (9), Hewitt Associates (8), and Nokia (7) were among the largest recruiters this year making the maximum number of offers. Over 50 companies were a part of the process, of which 9 were participating for the first time. Reflecting the growing brand equity of both XLRI’s Business Management as well as the top notch PM&IR programme, this year saw a significant increase in the institute’s consulting portfolio with first time recruiters Capgemini Consulting, KPMG Consulting, SAP America, Nokia, Oracle and Virtusa in addition to the regular premier recruiters like Accenture Business Consulting, Ernst & Young Human Capital, Hay Group, Hewitt Associates, IBM Business Consulting and McKinsey. 21 pc of the batch opted for consulting firms.

The Banking, Finance and Insurance sector ranked among students’ top preferences with 26 pc accepted offers across companies in this sector. This sector also witnessed a phenomenal increase in the number of jobs and the nature of roles being offered as compared to the last year. This has been a result of not only the burgeoning economy, but also to the fact that XLRI is the only Business School in India which offers a dual specialization in Finance and Economics. Besides the top banks like Citibank, HSBC Bank, ICICI Bank and Standard Chartered Bank, Lehman Brothers India and Goldman Sachs Equity Research featured in the list of companies in this sector for the first time. The insurance sector, represented by AIG and ICICI Prudential picked up 11 students.

XLRI’s forte as an FMCG favourite was further reinforced this year by the active participation of top organizations – Asian Paints, Cadbury, Coca Cola, Colgate Palmolive, HLL, ITC, GSK, Marico, Nestle, Pepsi, Reckitt Benckiser and Seagrams. 27 pc of the students signed out with offers from FMCG / Manufacturing firms.

Four students signed out with the Business Conglomerate TAS.

The number of Lateral offers made was 82. As many as 53 candidates were offered PPOs (Pre-Placement Offers), another 18 were offered PPIs (Pre-Placement Interviews).