Thursday, March 08, 2007

Finance, consulting firms have lion’s share in Kolkata B-school

Apparently tectonic plate movement has shifted the coordinates of our
alma mater from Jamshedpur to Kolkata...

JAMSHEDPUR, MAR 7: Finance and consulting jobs continue to be in focus at top B-schools if one goes by the recently concluded campus recruitment process (CRP) at the XLRI here.

While as much as 30% of the B-school’s batch of 180 business management (BM) and personnel management & industrial relations (PM&IR) students were picked up by the financial sector, 24% opted for jobs with consulting firms, which included firms like Hewitt recruiting as many as 18 young managers.

Other big consulting firms which had their piece of the B-school cake were Ernst & Young, KPMG, McKinsey, Stern Stewart, Mercer and the first timer, Tata Strategic Management Group.

Thus, while as many as 60 grads joined the financial sector, 48 opted for consulting jobs, 40 others went for FMCG (fast moving consumer goods) sector and the remaining went for sectors such as manufacturing, retail, marketing, etc. The B-school has been witnessing the new trend towards finance and consulting jobs since last year.

“We are offering some elective courses which make it possible for students to opt for combinations of their choice,” said Father N Casamir Raj, director, XLRI, here on Wednesday, adding that students were now able to “get what they want”.

This year’s campus recruitment process has also seen a 50% rise in the average salary of the batch over that of last year’s. While last year the average salary stood at Rs 8.4 lakh, this time the average salary has been Rs 12.6 lakh.

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