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Mittal on prowl for XLRI pupils - Rs 44.33-lakh offer from pharma giant Novartis for B-school student

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By OUR CORRESPONDENT in Jamshedpur
  • Published 7.03.07
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ON A NEW HIGH

• Arcelor-Mittal: Recruits 4
• Accenture: 8
• Hewitt: 18
• McKinsey Ltd: 2
• KPMG: 4
• Ernst&Young: 7
• TSMG: 1
• Goldman Sachs: 9
• ICICI Prudential: 10

Jamshedpur, March 7: Highest salary of US$100,000 (Rs 44.33 lakh) per annum, average Rs 12.6 lakh and the lowest being one of the best at Rs 8.6 lakh, and first-time entry of Arcelor-Mittal with four offers, saw another batch of XLRI students entering the corporate corridors this weekend.

Domestic offers, too, reaching a whopping Rs 16 lakh, this year’s campus recruitment process (CRP) at XLRI recorded an all time high with students bagging jobs from as many as 10 foreign companies.

The CRP, which got over this weekend, saw a drastic shift from IT and HR to finance and consulting. While 60 students out of a batch of 180 got final offers from the financial firms, about 48 bagged offers from consulting majors.

“This was a trend that started last year,” said Fr Casimir Raj, director of XLRI.

With 24 per cent of the offers coming from consulting firms, Hewitt made the highest pitch with 18. Among the 10 foreign firms that knocked the XLRI door, Swiss pharma giant Novartis offered the US$100,000.

Arcelor-Mittal picked up four graduates. The other majors included Adventity, ICRA, Calyon Bank and IDFC Private Equity. “There was a steep rise from last year’s three foreign offers to 10 this year, and the trend is likely to accelerate with the XLRI eyeing more of foreign jobs in the days to come,” said Uday Damodaran, placement coordinator, XLRI.

ICICI Prudential and Goldman Sachs were some of the financial majors that picked up the highest number of students.

Forty students made it to the FMCGs like Nokia, Colgate Palmolive, Cadbury’s, Pepsi and Nestle. About seven went to retail giants like RPG and Reliance Retail. Leading recruiters in the IT sector included IBM, HP, Motorola, HCL and Sasken Communication Technologies. Some of the leading financial companies which came this year included L&T, Rabo Bank, Citi Financial and JPMS. In the banking sector it was HSBC, UTI, Deustche Bank, Standard Chartered and Citibank which made a beeline to the campus.