XL Final Placement News

The Economic Times Online
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India Inc makes a beeline for XLRI
RUNA RAJEEV KUMAR

TIMES NEWS NETWORK[ WEDNESDAY, MARCH 08, 2006 10:19:19 PM]

JAMSHEDPUR: The campus recruitment programme ‘06 of Xavier’s Labour Relations Institute (XLRI), Jamshedpur saw a significant rise in the participation of consulting firms. Over 10 consulting firms participated this time, which is almost double that of last year’s participation. 21% of the batch size of 186 students, both from the Business Mangagement and Industrial Relations (PM&IR) courses opted for consulting firms.

Three students signed out with offers from McKinsey, which offered a package of Rs 13 lakh. The highest offer was made by McKinsey, followed by Hay Group, Accenture Business Consulting and HSBC Bank.

Reflecting the growing brand equity of both XLRIs Business Management as well as the top-notch PM&IR programme, this year saw a significant rise in the institute’s consulting portfolio, with first-time recruiters Capgemini Consulting, KPMG Consulting, SAP America, Nokia, Oracle and Virtusa, in addition to the regular premier recruiters like Accenture Business Consulting, Ernst & Young Human Capital, Hay Group, Hewitt Associates and McKinsey.

The average salary for the batch this year was Rs 8.4 lakh, a big rise as compared to Rs 7.4 lakh in the previous year. Over 25 students were offered salaries of Rs 10 lakh or more.

Father Casimir Raj, director of XLRI said: “The overall placements scene this year has been satifactory. Because of the strategic and advanced courses that we offer, more consulting firms are showing interest in XLRI. This also proves that our teaching methods are different from other B Schools.”

IBM (23), Cognizant (15), Goldman Sachs Equity Research (12), Ernst & Young Human Capital (11), ICICI Prudential (9), Hewitt Associates (8) and Nokia (7) were among the largest recruiters this year. Over 50 companies were a part of the process, of which 9 participated for the first time. The banking, finance and insurance sectors ranked among students’ top preferences, with 26% accepting offers across companies in this sector.

Professor S.Sengupta, chairperson-placements of XLRI said: “This sector has witnessed a phenomenal increase in the number of jobs. This is because of not only the burgeoning economy, but also that XLRI is the only B School in India which offers the dual specialization in finance and economics.”

Besides the top banks like Citibank, HSBC Bank, ICICI Bank and Standard Chartered Bank, Lehman Brothers India and Goldman Sachs Equity Research featured in the list of companies in this sector for the first time. The insurance sector, represented by AIG and ICICI Prudential picked up 11 students.

FMCG companies which participated include Asian Paints, Cadbury, Coca Coal, Colgate Palmolive, HLL, ITC, GSK, Marico, Nestle, Pepsi, Reckitt Benckiser and Seagrams. 27% of the students signed out with offers from FMCG or manufacturing firms. Four students signed out with the business conglomerate TAS. The number of lateral offers made was 82, while 53 candidates were offered pre-placement offers and 18 were offered pre-placement interviews.

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