Monday, February 25, 2008

Major firms offer 100 jobs to 90 XLRI students (Laterals) with hefty salaries

From Financial Express

Mumbai, Feb 24 The recently-concluded lateral placements at XLRI have been a major success, with a plethora of offers being received in varied profiles such as finance, consultancy, operations, marketing and human resources, an XLRI official said on Sunday.

In total, over a 100 offers were made during the lateral season to 90 eligible lateral candidates for senior-level management roles. The average salary package offered was Rs 15 lakh. The highest salary offer kissed the Rs 22 lakh per annum-mark this season. Even more satisfying for the students has been the rich mix of offers equally spread across various domains to choose from.

The financial and financial services domain was represented by Barclays, Lehman Brothers, Standard Chartered, JM Financial and Centrum among others who made offers for investment banking, treasury sales, trading, product structuring, wholesale banking, relationship management and M&A advisory. The diversity of profiles on offer for finance provided enough scope for the finance enthusiasts to bag their preferred jobs, either in intense number crunching or milder client interaction roles.

Uday Damodaran, the chairperson of the placement committee said, “The large number of high-quality offers in niche areas reinforces the fact that XLRI is the preferred campus for recruitment by corporates when they look for extra ordinary talent.”

Consulting firms yet again were present in full strength, offering students the roles of senior-level consultants. Ernst & Young, Hewitt, PriceWaterhouseCoopers, Mercer, KPMG, TSMG, Capgemini were the leaders in the pack recruiting students for consulting in various spheres—banking and financial services, human consulting, media and entertainment and retail to name a few. This year saw growth in the number of general management offers made by Indian conglomerates and business houses. The Aditya Birla Group, The Hinduja Group, Essar, L&T, RPG made offers for top management roles to XLRI students. The Al Ghanim Group made international offers to multiple students. The growth in these offers signifies the coming of age and strength of domestic Indian and international houses to avail the best management talent available.

The technology industry was also present in full strength, with multinationals such as IBM, Cognizant Technology Solutions, Infosys, HCL, Wipro offering roles ranging from business development to global sales to project management. Companies such as Infosys offered fast track programs to students, which would provide packages of $1,00,000 a year into the job, the statement said.

With the final placements slated to begin in a matter of days and Companies pouring in for pre-placement talks with students, expectations are high for a robust end to the placement season for the batch of 2008....

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