XLRI School of Business and Human Resources, Jamshedpur has completed its final placement for the batch of 2013 and publicised its placement report. A total of 255 offers (including 49 lateral and 65 pre-placement offers) were made by 70 companies, of which offers made by 69 companies were accepted by the 2013 batch comprising 114 Business Management (BM) students and 119 Human Resource Management (HRM) students.
According to the placement team at the institute, one student decided to opt-out of the placement process citing personal reasons. The team further added that since companies were still in the process of finalsing the offer locations, it will not disclose the number of international offers yet.
|Batch Strength||233 (BM=114, HR=119)|
|Total offers made||255|
|Lateral offers made||49|
|Lateral offers accepted||49|
|Median salary||16.2 lakhs/annum|
The institute provided only median salary and not the average, which makes salary-based comparisons with last year's placements impossible. Their justification was that the median is a more useful measure than the average.
(Our view: The usefulness of the median over the average is not a new insight. But in this year of supposed "transition" from average to median, XLRI should have provided both measures for people to compare between the 2012 and 2013 salaries. Not doing so leaves the school vulnerable to doubts whether they want to show selectively favourable data in a year when the job market is at its worst.)
The placement team claimed that ITC was the top recruiter this time with a total of 13 placement offers. It was followed by Airtel with a total of 12 offers and then by Standard Chartered, ICICI and Wipro with 10 offers each.
In addition to the sector-wise distribution of the BM and HRM batch, the institute provided a sector-wise median salary distribution for both the BM and HR batches.
Major recruiters across sectors
In the finance sector, Standard Chartered Bank emerged the largest recruiter. Treasury roles were offered by Axis Bank and ICICI Bank.
L'Oreal, Airtel, Dr Reddys and L&T Finance offered roles in corporate finance. Coca Cola, Pepsi, Airtel and Vodafone offered marketing executive profiles. ITC was the largest recruiter in the FMCG space, which also offered roles in its supply chain function. Lodha Group recruited for its procurement function. In the technology and e-commerce sector, the key recruiters included Microsoft, Infosys and Times Internet which offered roles in program management.
The institute also provided a function-wise distribution for the BM batch
Median salary by function for Business Management Graduates
|Function||Salary in Rs (lakhs/annum)|
The institute provided the function-wise breakdown only for the BM batch stating that since the HRM was already a specialised course, a function-wise drilldown could not be provided. Explaining further, the placement team at the institute said that only a small percentage of General management companies had offered the same profiles to the BM and HRM batches. The rest of the batch was placed in HR consulting roles or in the internal HR (training and development, rewards and compensation, career advancement and so on) roles.
Note: The placement report is based on claims made by the institute in its placement report and answers to our questions therafter. The institute has not informed us about following a known placement reporting standard or applying an external audit, so PaGaLGuY does not take responsibility for the accuracy of the claims.