Bhubaneswar, Jan. 24: Recruiters have renewed their faith in the city-based Xavier Institute of Management (XIMB) with all 121 students getting offers on the first day of the campus placement.

The average salary offered this year registered a 40 per cent jump over last year and some companies even had to return empty-handed.

The batch of 121 students bagged over 206 offers, an average of 1.7 offers per student, and drove the average salary up to Rs 7.12 lakh per annum, as against Rs 5.24 lakh last year. ?With 52 companies bagging all the students, several other companies had to return disappointed as the remaining job interviews were cancelled,? said XIMB director E. Abraham.

The highest domestic salary of Rs 9 lakh per annum was offered by ATOS Origin, followed by JP Morgan with an offer of Rs 8.6 lakh. On the international front, Singapore-based OLAM International made the highest offer of $85,000 per annum. On the rural management programme front, too, the picture was as shining with the average salary shooting up by 30 per cent over 2005.

Information technology companies took the major share of the cake by cornering 34 per cent of the batch, followed by consultancy firms with 22 per cent.

The manufacturing sector came in next with 16 per cent, followed closely by banking & finance and FMCG companies with 10 per cent each.

Infosys (26), TCS (14), IBM (11), Wipro (10), JP Morgan (six), GenPact (10), MindTree Consulting (seven) and Ernst and Young (six), made multiple offers.

Among the new recruiters at XIMB were Accenture, MindTree Consulting, Ernst and Young, IBM and Cargill India.