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XLRI, Jamshedpur Updated on February 24, 2000 Campus Recruitment Programme (CRP) 2000 at XLRI: Overview
The following is the sector-wise distribution of the number of offers and acceptences this year:
These are inclusive of those who did not go into the placement process, i.e. who were placed through PPOs or Lateral Placements which got over before CRP, but are exclusive of those who opted out of the placement process and were placed off campus. The average salary calculated is entirely the rupee salary, there were no dollar salaries this year and values of Stock options are not included in the average salary calculations. The average salary is calculated as Actual Salary Accepted/ Actual Number of Students Placed (Laterals included), and not total value of salaries Offered/ Total Number of Jobs Offered. The value of the latter figure would be somewhere in the region of about 6 lakhs or so, again rupee values only. Although XLRI had planned for a 4-day CRP this year, it only had a 2-day placement process and abut 88% of the batch was placed on the first day. XLRI Placement Report As always, XLRI achieved 100% placement this year, but what is most impressive is the way in which it did so. 70 companies were slated to come down in a placement process spanning 4 days, but it never got to that… After the first day itself, a whopping 88% of the batch had already been placed. CRP 2000 was a 2-day affair, and XLRI would like to take this opportunity to thank all those companies who visited the campus for recruitment. Placements got off to a flying start in December, when 'The Firm' (McKinsey and Co.) held interviews for candidates from JBIMS (Mumbai), IIM (Lucknow) and XLRI, Jamshedpur. Out of the 16 candidates shortlisted, only 2 were selected and both of them were Xlers. This bears witness to the fact that though XLRI started out as an HR institution, it has a Business Management course recognized by the best in the industry as second to none. As usual, Pre-Placement Offers (PPOs) this year were given from industry bigwigs like HLL, P&G, Arthur Andersen, Citibank, HSBC, etc. Even more significant were the number of lateral placements this year - there were 14, with an average salary of Rs.6 lakhs per annum, not inclusive of performance bonuses which can go up to a maximum of 60% of the base salary. In all, 29 people received job offers before placement week had started, which goes to show how much XLers are valued in the industry today. The best salary this year for freshers was a whopping Rs.8.5 lakhs per annum, offered by McKinsey and Co. and average rupee salary of 4.83 lakhs per annum (not inclusive of benefits like Stock Options, etc), up 60% more than last year. Number of offers per candidate were 1.62, up 30% more than last year, and this was not counting the 15-odd companies that had to go back without even having a chance to see anyone. Students' Secretary, Placement Committee Mr. Kulshan Singh attributed this success partly to the upward trend in the industry, but also to the quality of the students. "The feedback this year is excellent," he said. "Companies have told us that apart from solid theoretical understanding, they need people with competencies like tolerance for ambiguity and entrepreneurial skills which are very characteristic of XLers". Another very important factor was the way XLRI got over its locational disadvantage; this year, it arranged for chartered flights from Calcutta at regular intervals, thus bringing Jamshedpur closer to the corporate hubs like Delhi and Mumbai as well and enabling top directors of the companies to see the candidates for themselves. The Silicon revolution was well reflected on Campus as systems companies like Wipro, HCL Infosystems, HCL Technologies, Infosys, Cambridge Technology Partners, etc. made a total of 53 offers. 18% of the batch is placed with Consultancy firms like McKinsey and Co., Andersen Consulting, Arthur Andersen, William M. Mercer, Eicher Consultancy Services, etc. This year showed an increase in the demand for HR Consultants: 10% of the HR batch is now placed with HR Consultancy Services like the Human Capital Services wing of Arthur Andersen, as well as Eicher Consultancy Services, William M. Mercer, etc. The kind of offers received by the batch also reflects the way the institution has kept up with the current changes in the industry and the economy today, as most of the jobs had to do with change management, mergers and acquisitions, etc. Those specializing in Finance had a field day with GE Caps making 5 lateral offers, and ICICI, HSBC, ABN-Amro, SBI Caps, Citibank, etc. also in the fray. FMCG giants like P&G, HLL, Nestle, Britannia, Pepsi, Coke, SmithKline Beecham Consumer Healthcare, Heinz, etc were among those who vied for the Marketing studs. The first round was held at XLRI campus in Lalooland at Jamshedpur. Some big bucks were being offered at campus placements at XLRI for millenium batch. The dot coms were there along with traditional FMCG majors and the Consulting companies.
And the winner is … The recruitment process, which was scheduled to last for 4 days, concluded in just two days. About 70 companies were slated to interview but 15 companies had to return without getting an opportunity to meet any students as all of them were laced by then.
Key Statistics:
IT Sector
Consulting
HR
Finance
Marketing
Background
Read complete story of Placement 2001 as it happened along with analysis and comparison across the B-Schools and segment-wise analysis.
Read complete story of Placement 2002 as it happened along with analysis and comparison across the B-Schools and segment-wise analysis. Mail your comments at: webmaster@coolavenues.com |
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