XLRI Placement creates New Records in a Unique Year

First placement season with increased batch size concludes with new records
Mittal Steel makes International Offer on first visit
Boston Consulting Group, HSBC Bank make highest domestic offers
31% of batch recruited by Banks, Financial Institutions and Insurance Sectors

It is placement season and the students of XLRI Jamshedpur have reason to rejoice as the final placement of the batch of 2005 concludes on a successful note yet again. The placement of the outgoing batch of 2005 was unique, as this was the first year after XLRI increased its Business Management batch size from 60 to 120. In all, there were over 180 XLers to be placed instead of the usual 120, as was the case until last year: increase, or no-increase, the confidence that the Corporate world reposes on XLers was reinforced, with the finest names in full action.

The statistics: XLRI had a first time international offer from Mittal Steel with a US $ 80,000 package – based out of Europe. XLRI also welcomed the prestigious Boston Consulting Group (BCG) for the first time – BCG made the highest domestic offer of Rs 12 Lakhs. This was closely followed by HSBC Bank, which made an offer of Rs 11 Lakh. The average salary of the batch was Rs 7.4 Lakhs, with Rs 4.5 Lakhs being the lowest.

The biggest recruiters this year were GE and IBM, which picked up 11 students each. Banks / Financial Institutions and IT / ITES sectors were tied at the top with 36 accepted offers each. Banks, Financial Institutions, and the Insurance Sector accounted for 31% of the batch, reaffirming the strong Finance base that XLRI has created over the years.

The FMCG Sector had 25 accepted offers (15% of the batch). Companies that made offers comprised regular big shots: Asian Paints, Cadbury, Coca-Cola, Colgate Palmolive, GlaxoSmithKline, HLL, ITC, Marico, Nestle, Pepsi, Reckitt Benckiser and Seagram. While ITC recruited 6 XLers, Asian Paints and Coke closely followed with 5 and 4 respectively.

Banks and Financial Institutions made their presence felt in a remarkable manner this year: Banking Majors included ABN Amro, Citibank, HSBC Bank, ICICI Bank, IDBI Bank, Standard Chartered and UTI Bank. Standard Chartered had the highest number of accepted offers at 6, closely followed by UTI Bank with 5. Financial Institutions that had accepted offers were GE Money, GECIS, NCDEX and SBI Caps.

The sunrise Insurance Sector was a big hit this time with AIG, ICICI Lombard and ICICI Prudential having 12 accepted offers amongst them. ICICI Prudential and AIG had 6 and 4 accepted offers, respectively. Together, Banks, Financial Institutions and the Insurance Sector recruited 31% of the batch.

Consulting Firms accounted for 13% of the batch – the elite club had Accenture Business Consulting, BCG, Ernst & Young, Hewitt Associates, Mercer Human Resource Consulting and PricewaterhouseCoopers. While Hewitt had 6 accepted offers, E & Y had 5.

Recruiters from the Pharmaceutical Sector – Dr Reddy’s Laboratories, Novartis and Ranbaxy – accounted for 6% of the batch. The Telecom Sector picked up 4% of the batch with majors Bharti and Mahindra British Telecom (MBT).

The other biggest recruiting industry was IT and ITES accounting for 24% of the batch – Cognizant Technology Solutions, eServe, HCL Technologies, Hewlett Packard, IBM, Infosys, Tata Technologies, TCS and Wipro had offers being accepted. IBM had 11; Cognizant 9 and TCS, Wipro had 5 accepted offers.

The Core Sector included L & T, Mittal Steel and Tata Steel, while General Management companies in the fray included Aditya Birla Group and TAS. Air India, iGate, Fleetguard, ICI Paints and Titan represented other diverse sectors.

XLRI welcomed first-time participants in Accenture (Business Consulting wing), Air India, Bharti, Boston Consulting Group, ICICI Lombard, MBT, Mittal Steel, NCDEX and Novartis. Cadbury, L&T, Nestle and Titan returned to XLRI’s Final Placements after a short break.


XLers also created a new record by bagging over 30 Pre-Placement Offers from companies, based on Summer Internship projects. The details:

BPCL, GE and HLL made 3 offers each.
AIG, Cognizant, Hewitt, Hewlett Packard and Mercer made 2 offers each.
Coke, DRL, Ernst & Young, Fleetguard, HSBC Bank, ICICI Prudential, L&T, Marico, NSEIT, Seagram, Standard Chartered and TAS all made an offer each.

In all, 35 Lateral offers and 30 pre placement offers were made. A combined number of 35 students signed out by accepting Pre-placement and Lateral offers.