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Press Release In setting a record of sorts the final placements at Xavier Institute of Management, Bhubaneswar got over in 30 hours flat. The hard work of the entire year for the batch of 2002-2004 culminated in fabulous final placements.. The process began on the morning of 8th of January, 2004 (Day One) which was perhaps the coldest day in Bhubaneswar in recent memory. By midnight the count was 110 students placed and the process continues through the night with companies coming in as and when their flights landed. By noon next day the process was over and the partying started. In a dramatic shift from the placement scenario last year when offers were hard to come by, this year every student had one unique offer and many people had more than 4 simultaneous offers. Some people had a difficult time deciding which offer to accept. The downside was that many companies scheduled for day two had nothing left to pick from. Lot of companies were called up and requested not to make the trip to Bhubaneswar as the process had got over before anticipated. For the numbers crazy, more than 155 offers were generated for a batch of 120 people which means there were more than 1.32 offers per candidate. The highest salary on offer was of 12 lakhs and the average was around 4.65 lakhs. Infosys made the maximum number of offers - 16, followed by Polaris with 9 offers, Frost and Sullivan with 8 offers and Wipro group companies with 8 offers. The real heavyweights on campus included Aditya Birla Group, Britannia, Dabur, Dr. Reddy's Lab, GE India, Godrej, Marico, Pricewater house Coopers and Tata Motors. Among lateral recruiters Blowplast, Eicher Goodearth, Infosys, Insight Asia, J P Morgan, Kanbay, Mphasis, Polaris, Tata Interactive Systems and Wipro Infotech, all made handsome offers. Some notable organizations who confirmed participation or visited the XIMB campus for the first time were Birlasoft, BPCL, Cavin Kare, Delphi Automotive Systems, Frost and Sullivan, GAIL, HPCL, Insight Asia, Iffco Tokio, IOC, JP Morgan, Kotak Group, Lowe Lintas, Ma Foi Consultants, Mahindra British Telecom, Sonata Software, State Bank of India. Unfortunately a host of companies from day two like Feedback Ventures were not left with any students two choose from. Some of these companies recruit exclusively from XIMB and their disappointment was understandable. Some other facts worth noting are that right of this moment XIMB is one of the top B-school in the entire country to have finished 100% placements for the batch of 2004. Also heartening was the fact that this year we had a nice representation from all kinds of industries and business including auditing, automobiles, asset management, cement, HR consulting, insurance, investment banking, market research, FMCG, peripherals, project consulting, software, specialty chemicals, etc. Some of the appointments have been to extremely good posts like business analysts, project consultants, deputy managers, etc. Noticeable was the fact that this year the two combinations most in demand were Systems with Finance and Marketing with HR. Now the atmosphere on campus is that of celebration and this weekend is going to be of back to back parties and satisfied retrospection about the days gone by. The batch of 2003-2005 who were highly involved in organizing the entire process and logistics can finally get a well deserved sleep knowing that it was a successful effort. Also thanks are in due to the two faculty members, Prof. Govindrajan and Prof. Muktikant Mishra, without whose help this process could not have been successful. Finally the XIMBian's have proved once again, that they are no less than any other B-school in the country, which has been corroborated by the award of - Best Institute in Management - by the Centre for Change Management to be presented to our director, Fr E. Abraham during the Asia Pacific HRD Congress on 22nd January, 2004 at Nehru Centre, Worli, Mumbai. Contributed by - |
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