Recruiters lap up XLRI grads

From Business Standard

BS Reporter / Kolkata April 11, 2008

XLRI Jamshedpur’s general management programme (GMP), the one-year full-time executive MBA course, has concluded a successful season of placement for its 2008 batch.

The batch has been offered plum roles highlighting the potential of the participants for middle and senior management roles.

Nearly 30 per cent of the batch went for a change from their earlier work experience.

The placement process attracted 54 companies as opposed to 23 last year, and made 101 offers to 53 participating students. The average salary offer stood at Rs 17.8 lakh, an increase of close to 20 per cent from previous year.

The highest domestic offer was Rs 33.8 lakh and the average international offer was $130,000, an increase of 30 per cent over last year.

Sponsored candidates got elevated roles from their parent companies too.

The batch witnessed a good mix of participating companies from diverse sectors such as banking, energy, IT, Consulting, manufacturing, steel, real estate and telecom. ArcelorMittal, Reliance ADAG, Jindal Steel, DLF, Tata Communications, Cairn Energy, L&T were some of the major recruiters.

Participants from the consulting field were McKinsey, Accenture, IBM S&C, ICRA Management Consulting (IMACs), TCS Global Consulting, KSA Technopak. Axis Bank, SBI Capital, ICRA, UBS were some of the BFSI companies that turned up for recruitments.

According to Uday Damodaran, chairperson of the placements at XLRI, “With just two years of organised placement support from the institute, the one-year general management programme has firmly established itself as a source of quality talent for recruiters.”

There were a number of recruiters who personally expressed their extreme satisfaction with the quality of the participants. These positive comments reinforce our belief that we are doing things right as far as our one-year programme goes.”

The placement season was held during the second week of February at Mumbai followed by rolling placements in March at Jamshedpur.

Students also visited Australia as part of the international immersion module introduced this year.

From the next batch, the immersion module is expected to expand with the institute getting into tie-ups with major universities across the globe.

XLRI plans to increase the student intake from the next batch due to better response.