Placement officials Diwakar Kaushik, Pawan Kaura and Rajiv Misra at the press conference on XLRI campus in Jamshedpur on Monday. Picture by Bhola Prasad

Jamshedpur, Feb. 14: Dream jobs are coming true on XLRI campus.

The 2009-2011 batch of the premier management cradle created a record this placement season with the highest package from a foreign recruiter crossing Rs 50 lakh a year. The average salary also recorded a jump of about Rs 1.2 lakh in comparison to last year.

The highest package in the international sector — $1,20,000 per annum which comes to about Rs 54 lakh — came from Novartis, Switzerland, one of the four foreign companies that came calling. In the domestic sector, a Mumbai bank offered the fattest salary, Rs 30 lakh a year, which is Rs 4 lakh more than last year’s Rs 26 lakh. The average package came to about Rs 15.80 lakh.

The institute created another record by completing the final placements in just three and a half days.

“Generally, campus placements go on for about a week, but this time, we wrapped up the process in a very short time and that too, with the maximum number of companies visiting the campus. The placement process started on February 8 and closed on the afternoon of February 11,” said Rajiv Misra, chairperson, placement committee, XLRI.

The B-school had managed to rope in 109 companies and recorded 100 per cent placements with 317 job offers in business management (BM), and personnel management and industrial relations (PMIR). The batch size is 240, with 120 students each in the two programmes.

“So far, this has been the best placement season. A majority of offers depend on summer internships and there were quality students who had worked hard for it. Besides, we had more students in the PMIR programme as the class strength was doubled to 120 from 60,” said Pawan Kaura, secretary of placement committee, XLRI.

The pre-placement offers were about 19.25 per cent higher than last year. Twenty five per cent offers came from finance, marketing and consulting companies while 13 per cent jobs were in the general management sector. The remaining 12 per cent offers came from information technology, pharmaceutical companies, supply chain management and energy sector. ICICI Bank was the largest recruiter with 21 jobs in the finance sector.

Offers also came pouring from a plethora of disciplines in investment banking, treasury, corporate finance, wholesale banking, treasury, commercial banking, insurance, marketing etc.

Some of the hiring companies were Edelweiss, Nomura Holdings, Standard Chartered, Axis Bank, Hindustan Unilever, Cadbury, Citibank, ITC, Procter & Gamble, Bharti Airtel, Lenovo, Cummins, Accenture Business Consulting, Ernst & Young and Hewitt Associates. The first-time recruiters included Google, ICICI Securities, Amazon.com and India Infoline.