Summer Placements Blaze at XLRI

http://xlri.blogspot.com/2007/11/summer-placements-blaze-at-xlri.html

The Summer Placement Process at XLRI was a resounding success, with the crème-de-la-crème of the corporate world vying for the best talents of this country. The profiles offered were varied, from Hedge Funds to Retail Banking, Strategy Consulting to Human Resources, and Branding to Operations.

With domestic stipends reaching astronomical heights of Rs. 5 Lakhs (Lehman Brothers), the process resulted in the batch of 2009 being placed in exclusive roles with the best companies in the industry, both from India and abroad. Lehman Brothers, J P Morgan Chase, Hay and Microsoft offered stipends of more than a lakh (for domestic offers), while Novartis, HUL, ABG, P&G, Transworld, Asian Paints and ICICI made foreign offers. HSBC, Ernst & Young, ABG, Edelweiss, Deloitte Consulting, IBM and Nokia were the largest recruiters this year with the highest number of accepted offers. Other premier recruiters include Carlyle, Accenture Business Consulting, KPMG, TAS, Yahoo etc.

XLRI makes Inroads into Finance & Economics

XLRI’s core strength lies in its fundamentals of Faculty and Student Quality. XLRI today boasts of a faculty size of twenty in the area of Finance and Economics, which is unrivalled across B-school campuses in India. This long term vision of XLRI has produced excellent results in terms of the recruiters visiting XLRI such as Lehman Investment Banking, EightCapital Hedge Fund, Indea Capital, Lotus Asset Management, in addition to the premier traditional recruiters like J P Morgan Chase, The Carlyle Group, Edelweiss, Rabo Bank, Goldman Sachs, HSBC, Citi Bank, Standard Chartered, ICICI Bank, Axis Bank and SBI Capital Markets. 27% of the students signed out with offers from the Finance sector.

The Top Consults prefer XLRI

XLRI strengthened its relationships with the Consulting Prima Donnas with 21% of the offers coming from KPMG Consulting, Ernst & Young Human Capital, Hay Group, Hewitt Associates, Mercer Consulting, Accenture Business Consulting, Deloitte Consulting and IBM Business Consulting. The consulting clique was further enriched by the esteemed additions of Price Waterhouse Coopers and Tishman Speyers International Consulting.

The Place to be for Marketing Professionals

XLRI's proven track record as an FMCG favourite was reinforced by the active participation of top organizations - Asian Paints, Britannia, Cadbury, Coke, Colgate Palmolive, GlaxoSmithKline, HUL, ITC, Johnson & Johnson, Marico, Nestle, P&G, Pepsi and Reckitt Benckiser. 37% of the students signed out with offers from FMCG / Manufacturing firms.

The legendary leadership of XLRI in HR and Marketing is now being rivalled by its solid reputation in the Finance and Consulting Areas. The motto of ‘Excellence and Integrity’ has shone through in the quality of students and companies in the Internship process, the best of Corporate India vied among itself to offer challenging and rewarding roles to the students.

Professor Uday Damodaran, Chairperson of the Placement Committee, commenting on the successful completion of the Summer Internship Process, had this to say “The challenge of running a placement system is one of continuously catering to the changing preferences/ needs of the students and recruiters. Reflecting the changing preferences of students all over, at XLRI too we saw- this year- a larger proportion of students interested in taking up summer assignments in the finance domain/ consultancy sector. To the credit of the student Placement Committee, they have been able to successfully address the needs of the students who participated in the summer internship programme”

Summer Placements 2008 @ XLRI - Highlights

• Highest Domestic Stipend of Rs 5 Lakhs by Lehman Investment Banking
• Highest International Stipend of Rs 1.75 Lakhs by Novartis
• Around 10 overseas offers were made from Novartis, HUL, ABG, P&G, Transworld, Asian Paints and ICICI
• 2/3^rd of the batch placed in Slot 1 in less than 36 hours
• First time recruiters in the Financial sector include Lehman Investment Banking, 8 Capital Hedge Fund, Indea Capital, Lotus Asset Management etc
• 20 companies took part in the process for the First time
• 60+ companies made internship offers to the batch

Sector Wise Breakup

Sector	Accepted Offers	Percentage
Finance	48	27.0%
Consulting	37	20.8%
Marketing	66	37.1%
Systems	22	12.3%
Other	5	2.8%
Total	178	100%