The campus of the elite management cradle
The XLRI placement season came to an end for the 2011-13 batch with many hurrahs and a conscious decision not to tom-tom its achievements.
This year, the median salary crossed Rs 16.2 lakh per annum for the batch of 240 students, 120 each in human resource (HR) and business management (BM). About 75 top recruiters came with 255 offers. Ninety-eight per cent students bagged plum jobs in MNCs across the globe, while the rest opted for “deferred placements after they pass out”, said an XLRI source.
In sharp contrast to most B-schools, however, this premier hub chose not to divulge highest international and domestic salaries this year.
The decision is a conscious one, as XLRI feels numbers send “a wrong signal”.
“We are happy that 2 per cent of our students did not opt for company placements as they wanted to wait and venture with start-ups. It’s a positive trend as we want to nurture more entrepreneurs. As far as placements go, we won’t disclose figures,” said Rajiv Misra, XLRI placements head.
Last year, XLRI’s top overall package was $1,25,000 offered by Novartis. The top domestic one was Rs 40 lakh offered by a Mumbai finance firm.
This year, names of many companies were not disclosed due to an understanding of confidentiality. But, XLRI students secured excellent job offers from huge names.
Companies like Microsoft, Infosys, Times Internet and Mindtree offered roles in programme management, marketing, HR and operations. The Boston Consulting Group, McKinsey, Gallup, Vector Consulting, Ernst & Young, Cognizant Business Consulting, Deloitte, Capgemini Consulting, Wipro Consulting, PWC and Peoplestrong recruited in consulting. TAS, Aditya Birla Group, Cairn Energy, Reliance Industries, Larsen & Toubro, RPG and Mahindra snapped up general managers.
Hindustan Unilever, Procter & Gamble, ITC, Kraft Cadbury, Asian Paints, Castrol, GSK Consumer Healthcare, Coca Cola, Pepsi, L’Oreal, Colgate Palmolive and Pidilite offered roles in marketing, operations and human resources.
Standard Chartered Bank, Citibank, Nomura, Goldman Sachs, Development Bank of Singapore, Axis Bank and ICICI Bank offered openings in finance.