XLRI Final Placements 2011: Clear signs of economic revival

 | February 14,2011 05:20 pm IST

Close on the heels of a record breaking summer internship process, XLRI School of Business and Human Resources has scaled new heights. The Campus Recruitment Process of 2011 saw for the first time ever, a batch of 240 students getting placed in less than 4 days.

A total of 109 firms, over the lateral and final recruitment process confirmed their participation and rolled out 317 offers. This year XLRI witnessed the highest ever number of offers made on campus and the Final Placement Process was completed to the utmost satisfaction of one and all with an increased batch size of 240 students being offered the widest possible range of profiles from across the sectors. The class of 2011 has successfully made their entry into coveted positions all across the crème de la crème of the corporate world. Truly, XLRI has cemented its place among the best training grounds for world-class managerial talent.


PPO
There was a 19.25% jump in the Pre Placement offers from last year with students being awarded attractive jobs for excellent performance during Summer Internships. This reinforces the level of trust the corporate world has shown in XLRI students.


Laterals
The Lateral Placements at XLRI have been an impressive prelude to the Campus Recruitment Process, with a rich mix of offers equally spread across various domains being offered to eligible lateral candidates for middle and senior level management roles. The number of Lateral offers doubled over last year with an average salary figure of 16.5 Lakhs.


Number of offers
The Placement Process attracted 109 companies giving a total of 317 offers to a batch of 120 Business Management and 120 Personnel Management and Industrial Relations (HR) students.


Salary
The average domestic package stood at 15.8 Lakhs, a rise of close to 12% over last year’s figure. The median figure for the domestic salary of 14.7 Lakhs echoes the focus on quality of job offers made at XLRI as a part of the Placement Season 2010. The highest domestic package was 23 Lacs per annum.


Finance
XLRI’s position as a destination for premier finance roles stays, with 25 % of the total offers coming from the financial sector. ICICI Bank was the largest recruiter and with 21 offers reinforced the faith in the financial prowess of the students at XLRI. Offers were received across a plethora of functions such as Investment Banking, Treasury, Corporate Finance, Wholesale Banking, Commercial Banking, Retail Banking and Insurance. Global finance majors such as Goldman Sachs, Nomura Holdings, BNP Paribas and Edelweiss offered roles in the areas of asset management, corporate investment banking and equity research. Financial institutions such as ICICI Securities, India Infoline, Citibank, Standard Chartered, ICICI, Axis Bank, DBS and YES Bank offered roles in the treasury and foreign exchange desks as well as in their corporate and retail banking functions. The offerings of domestic investment banks led by SBI Capital Markets generated a lot of interest among the students. A leading player in the financial space offered its coveted wealth management role at New York exclusively to XLRI. Corporate finance roles were offered by Hindustan Unilever, Cadbury, L&T and Reliance Industries Ltd among others.

Marketing
Marketing has drawn renewed interest from the students and was the most sought after profile with 25% accepting offers. The class of 2011 was offered diverse opportunities in the areas of branding, marketing and sales functions by FMCG majors like Procter & Gamble, Hindustan Unilever Ltd, Johnson & Johnson, GlaxoSmithKline, ITC, Asian Paints, Nestle, Cadbury, Marico, PepsiCo, Castrol and Biocon. The optimism in the macroeconomic trends was reflected in the enthusiastic participation from companies across sectors like BhartiAirtel, Lenovo, Cummins, Hindustan Coca Cola Beverages Pvt Ltd and Akzonobel.


Consulting
XLRI strengthened its relationship with Consulting Prima Donnas with 25 % of the students entering the Campus Recruitment Program with top notch consulting firms involved in the process. These included The Boston Consulting Group, Mckinsey & Co. Accenture Business Consulting, Tata Strategic Management Group, Ernst & Young, Mercer Consulting, Hewitt Associates, KPMG, Deloitte Consulting, Cognizant Business Consulting, Capgemini & Wipro Consulting for roles in Business Advisory, Strategy and Human Capital Advisory in India and overseas.


General Management
XLRI has been the traditional recruitment destination for recruitments in the General Management and leadership profiles. This year, TAS, Aditya Birla Group, Mahindra & Mahindra, Hinduja Group, Reliance Industries LTD, Lodha Group, Manipal Group, RPG Group and Murugappa group made over 13% offers in several middle management positions.


Human Resources
“This year saw an increase of 100% in the batch of PMIR, but this was more than matched by the renewed interest of the recruiters for HR professionals. This bodes well for the institution going forward and once again reinforces XLRI’s long standing supremacy as the best B-school in Asia Pacific for HR.” Prof Rajiv Misra Chairperson, Placement Committee.


Recruitments continues to be robust and growing with the participation of major firms in Consulting, FMCG and Finance sector for International Banks and Group Companies alike. Various specialized roles were offered such as one by the Global Pharmaceuticals major, Novartis AG offering its prestigious HR Leadership Development Role at Basel, Switzerland exclusively to XLRI, making the highest international offer of US $120,000.


First Time Recruiters
KPMG for the first time opened its treasured Financial Risk Management role at XLRI for the class of 2011.
XLRI struck strategic partnerships with a number of first time recruiters in the areas of financial services, information technology, marketing, pharmaceuticals and energy. Firms such as Google, Hindustan Coca Cola Beverages Pvt ltd, BNP Paribas, ICICI Securities, India Infoline, Akzonobel, Amazon.com, Lodha Group, Medtronic, Glenmark Pharma, HPCL-Arcelor Mittal Energy Ltd and AC Nielsen recruited for several prized positions in their respective organizations. The general consensus among them about student quality has been nothing less than “outstanding”. They returned satisfied knowing fully well that they are now part of XLRI’s valued traditional recruiters and have forged a relationship that will only strengthen with time.

Entrepreneurship
XLRI’s commitment to nurturing and promoting Entrepreneurship continued this year through the sustenance of Deferred Placement for encouraging students to set up their own ventures. One student signed out with deferred placements and many others capitalized on the start-ups established as a part of Summer Projects.

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Comments


Guest on 02/15/11 at 12:07 am

totally expected! xlri rocks \m/