Friday, April 11, 2008

GMP batch of XLRI gets good offers from industry, salaries up

Jamshedpur, Apr 10 (Financial Express): XLRI has received an overwhelming response from the industry for its one-year full-time general management programme (GMP). Its batch of 53 participating students received 101 job offers from 54 Companies, as against 23 Companies last year.

The average salary of the batch, for global and domestic assignments, which stood at $1,30,000 and Rs 17.8 lakh respectively, is around 20% and 30% more than what the last GMP batch was offered.

The highest domestic offer made this year stood at Rs 33.8 lakh...(Offers made for) "posts like director, associate director, chief manager, managing consultant, strategic account manager offered to the candidates clearly highlight the potential of the participants."

The batch also witnessed a good mix of participating Companies from diverse sectors such as banking, energy, IT, consulting, manufacturing, steel, real estate and telecom, with Companies such as Arcelor-Mittal, Reliance ADAG, Jindal Steel, DLF, Tata Communications, Cairns Energy, L&T being some of the major recruiters.

Among the consulting firms participated in the recruitment process were McKinsey, Accenture, IBM S&C, ICRA Management Consulting (IMACs), TCS Global Consulting, KSA Technopak. Prominent banking & financial sector participants to pick up students were Axis Bank, SBI Capital, ICRA, etc.

IT/ITES majors HP, Cognizant, Satyam, Wipro, Inautix, Hexaware and Genpact also recruited according to their needs.

XLRI, which has plans to increase its student intake for its GMP from the next batch, also plans to include international options for students from the tieups the B-School has with major universities around the globe.

"With just two years of organised placement support from the institute, the GMP has firmly established itself as a source of quality talent for recruiters," said Uday Damodaran, XLRI placement chairperson, adding that a number of recruiters have personally expressed their satisfaction with the quality of the participants.

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