The conclusion of XIMB Placements 2023 saw the highest and average package offered stood at INR 71.51 LPA and INR 20.03 LPA, an increase of 14.48% in average salary offered in 2022. A record-breaking 111 pre-placement offers were received by the students, and a total of 71 recruiters participated, including 26 new ones. In the on-campus XIMB Summer Internship Placements 2023, 358 students were successfully placed, with top recruiters like Deloitte, Microsoft, ICICI Bank, Tata Steel, and Bain taking part.
Placement time is always exciting at business schools. Will the institute be able to place all the students? Will the packages offered exceed the previous record? Will a high number of PrePlacement Offers (PPOs) be converted?
Xavier Institute of Management, Bhubaneswar (XIMB), has done all of that! XIMB, a premier business school, has achieved 100% placement for its MBA students in 2023. The placement year has been exceptional for the institute as it surpassed its last year’s average salary and achieved an average package of INR 20.03 lakhs per annum (LPA) and a record-breaking 111-pre placement offers with a 14.48% Year-on-Year growth.
The highlights of Xuberance’23, the campus MBA Placement 2023 season for the 35th MBA batch of XIMB, are:
- 356 students took part in the placement process, and all were successfully placed.
- 71 companies across various domains participated of which 26 were new recruiters
- Consulting was the top recruiting domain in XIMB’s 2023 campus placement.
- The highest domestic salary offered was INR 71.50 lakhs per annum
- The average annual package was INR 20.03 lakhs per annum
- The median annual compensation was INR 19.25 lakhs per annum,
- The BFSI sector had 28% of the offers, followed by IT (23%), and consulting 22%.
XIMB Placement Report 2023 – Key Highlights
|
Number of Recruiters |
71 |
|
Number of New Recruiters |
26 |
|
Students Participating in Placement |
356 |
|
Percentage Placed |
100% |
|
Highest Salary Offered |
INR 71.51 LPA |
|
Average Salary |
INR 20.03 LPA |
|
Median Salary |
INR 1.25 LPA |
|
Top Sectors |
Consulting (29%) BFSI (27%), Marketing (27%), Systems (12%) |
XIMB Placements Highlight 2023 vs 2022
- The company had 111 PPOs in 2023 compared to 46 PPOs in 2022, with a 14.48% Year over Year (YoY) growth.
- 12 students were offered placement under corporate case study competitions conducted by Titan – Elevate and Tata Steel – Steel-a-thon. A first!
- The highest domestic salary (highest package) offered in 2023 was INR 71.50 lakhs per annum, a 122% increase over INR 32.21 lakhs per annum in the 2022 placement.
- The average annual package was INR 20.03 lakhs per annum, up by 14% as compared with INR 17.54 lakhs per annum in the 2022 placement round.
- The median annual compensation was INR 19.25 lakhs per annum, up by 12.57% as compared with INR17.10 lakhs per annum in the prior year’s round.
- The top 25% compensation was an average of INR 26.32 lakhs per annum and a median of INR 23.82 lakhs per annum.
- The top 50% compensation was an average of INR 23.64 lakhs per annum and a median of INR 22.69 lakhs per annum.
The table below compares the placements of XIMB in 2023 with that in 2022.
|
Placement Stats |
2023 |
2022 |
|
Number of Recruiters |
71 |
64 |
|
New Recruiters |
26 |
15 |
|
Participating Students |
356 |
355 |
|
Highest Salary offered |
INR 71.51 LPA |
INR32.21 LPA |
|
Average Salary |
INR 20.03 LPA |
INR17.54 LPA |
|
Median Salary |
INR 19.25 LPA |
INR17.10 LPA |
|
Number of PPOs |
111 |
46 |
XIMB Placement 2023 Sector-Wise
Xavier Institute of Management – Bhubaneswar saw the highest number of students hired in the BFSI sector, followed by IT and Consulting during their final placement drive in 2023.
|
Sectors |
Placements % |
|
BFSI |
28% |
|
IT |
23% |
|
Consulting |
22% |
|
FMCG |
13% |
|
Manufacturing |
13% |
|
Others |
1% |
XIMB Placement 2023 Stream-wise
The table below represents the steam-wise placements at XIMB MBA 2023
|
Streams |
Placement % |
|
Marketing |
27% |
|
Consulting |
29% |
|
Finance |
27% |
|
Systems |
12% |
|
Operations |
5% |
XIMB Placements 2023 Stream – Wise Compensation
The stream-wise compensation offered at XIMB Placements 2023 is as under:
|
Stream |
Maximum Package offered INR LPA |
|
Consulting |
71.51 |
|
Operations |
21.63 |
|
Systems |
43 |
|
Marketing |
31.90 |
|
Finance |
24.00 |
The trend in average CTC stream-wise is as below:
In the 2023 placement drive, Xavier Institute of Management Bhubaneswar documented the YoY increase in average salaries offered for each stream.
|
Stream |
Average CTC (INR LPA) |
Average CTC YoY growth |
|
Consulting |
21.17 |
17.11% |
|
Operations |
20.14 |
12.37% |
|
Systems |
19.93 |
19.77% |
|
Marketing |
19.86 |
17.9% |
|
Finance |
19.04 |
11.93% |
XIMB Placements 2023 Stream – Wise PPO Break up
XIMB saw a record of 111 PPOs in 2023 as compared with 46 PPOs in 2022. The stream-wise PPO break-up is indicated in the table below:
|
Stream |
Percentage (%) |
|
Marketing |
35% |
|
Consulting |
32% |
|
Finance |
20% |
|
Others |
13% |
XIMB Placements Year-Wise Trends
The year-wise trend in placements at XIMB is given in the table below:
The table summarizes the number of recruiting companies, highest salary, average salary, and median salary offered in the placement drives of Xavier Institute of Management Bhubaneswar from 2019-2023. In 2022-23, 71 companies participated and the highest salary offered was INR 71.51 LPA, while the average salary was INR 20.03 LPA and the median salary was INR 19.25 LPA.
XIMB Placements 2023 Key Job Roles Offered
XIMB’s Xburence ’23 saw a total of 71 recruiters, of which 26 companies were first-time recruiters. The key roles offered by the recruiters included Product Management, Portfolio Manager, In-stock Specialist, Consultant, Area sales manager, Corporate Investment banking, Equity and Credit Analyst, Treasury Risk Management, Retail Vendor Management, Brand Manager, Compliance and Internal Control, Supply Chain Planning, and Business Development, amongst others.
Other job profiles included Strategic Consulting, Corporate Planning, Corporate Financing, Market Analyst, Business Transformation and Strategy, and IT Consulting.
XIMB Placements Top Recruiters
Some of the top recruiters that participated in XIMB’s 2023 campus placement were as below:
|
Sector |
Top Recruiters |
Profiles Offered Included |
|
Consulting |
Bain & Co, McKinsey, PWC, EY, IBM. Deloitte, IBM |
Product Manager, Strategy Consultant, Management Consultant, Risk Advisory, etc. |
|
Finance |
ICRA, CRISIL, Nat West Group, Standard Chartered, ICICI Bank, Goldman Sachs, SBI caps, Wells Fargo |
Corporate Investment Banking, Portfolio Manager, Digital Marketing & Transformation |
|
Operations |
Mahindra, Amazon, Adani, Tata Steel, UltraTech, Maruti Suzuki |
|
|
Marketing |
L’Oreal, ITC Limited, ICICI Prudential, Asian paints, Nestlé, Titan, BD |
Vendor Manager, Area Sales Manager, Brand Manager, Management Trainee, etc. |
|
Systems |
Microsoft, Jio Digital Life, Accenture, Capgemini, The Math Company, Cognizant, Hexaware, GE Healthcare, Schneider |
|
|
HR |
Ultratech Cement, Deloitte, ICICI, Nestle, Mahindra, Godrej, Flipkart, UHG Optum, Titan, Deloitte, Lubrizol, ArcelorMittal Nippon Steel, |
Talent Acquisition, HRBP, Compensation, L&D |
Prominent new recruiters included McKinsey, Reliance Jio, KPMG, Asian Paints, Wells Fargo, and Maersk, amongst others.
XIMB Placements 2023 Batch Profile
The students of XIMB come from a variety of cultural, educational, and professional backgrounds. The 2023 batch academically comprised a mixture of engineers, CAs, CFAs, science, commerce, and economics, and arts graduates.
The profile of XIMB’s 2023 batch is as under:
- Total number of students: 356
- Male students: 67%
- Female students: 23%
- Approximately 45% of the batch is freshers.
- The average work experience of the batch is 27.5 months.
|
Academic Background |
Percentage |
|
Engineers (BE/BTech) |
63% |
|
Commerce (BCom) |
16% |
|
Science (BSc) |
9% |
|
Management (BBA/BMS) |
7% |
|
Others |
5% |
XIMB Summer Internship Placements 2023 Report
XIMB had a 100% summer internship placement record with all 358 students taking up summer internships.
The details of Summer Internship Placements 2023 at XIMB are as below:
|
Particulars |
Summer Internship figures |
|
Number of Recruiters |
91 |
|
Number of Placed Students |
358 |
|
Highest Stipend Offered |
INR3.5 LPA for 2 month period |
|
Average Stipend |
INR1.17 LPA for 2 month period |
|
Mean Stipend |
INR1.1 LPA for 2 month period |
|
Some Top Recruiters |
Deloitte, Microsoft, Bain & Co, ICICI bank |
Sector-Wise Break-Up of XIMB Summer Internship Placements 2023
XIMB’s sector-wise break-up of Summer Internship Placements 2023 is as under:
XIMB Summer Internship Placements 2023 Stream – Wise
The table below displays the stream-wise Summer Internships at XIMB 2023:
About XIMB – One of the Top b-school in India for MBA/ Management education.
Xavier Institute of Management Bhubaneswar (XIMB) is a prestigious B-School in India that offers various MBA programs. The institute offers a two-year full-time term of intake flagship program (MBA) in Business Management, Human Resource Management, Rural Management, Global Management and Leadership, and Sustainability Management. The number of seats for each program is as follows: Business Management (180), Human Resource Management (120), Rural Management (120), Global Management and Leadership (60), and Sustainability Management (60).
XIMB is one of the top business schools that is consistently ranked among the top B-schools in India by various ranking agencies, including NIRF and Business Today. The institute is accredited by NBA and has been granted the prestigious AACSB accreditation.
Apart from the regular MBA programs, XIMB also offers several add-on certifications in partnership with leading institutes, including IIM Calcutta, IIM Kozhikode, ESCP Europe, and the University of Southern California. These certifications allow students to specialize in niche areas and enhance their employability in the competitive job market.
XIMB Placements FAQs
1. What is the average salary package offered in XIMB Placement 2023?
Ans: The average salary package offered in XIMB Placement 2023 showed an increase of 14.48% from the previous year and stood at INR 20.03 LPA, while the highest package offered was INR 71.51 LPA.
2. How many recruiters participated in XIMB Placement 2023?
Ans: In XIMB Placements 2023, a total of 71 recruiters participated, including 26 new recruiters.
3. Who were the top recruiters in XIMB Placement 2023?
Ans: The XIMB Placement drive of 2023, named ‘Xuberance,’ achieved a 100% placement record, with an increase in the average salary package offered. The consulting sector emerged as the top recruiting sector, with notable companies like Bain & Co., McKinsey, Microsoft, CRISIL, and EY hiring a significant number of students.
4. Which sector saw the highest number of placements in XIMB Placement 2023?
Ans: During the Placement 2023 drive at XIMB, a total of 71 recruiters extended offers to students across various domains. The consulting sector emerged as the top recruiter, followed by Systems, BFSI, Marketing, General Management, Strategy and Operations, in that order.
5. What was the median annual compensation in XIMB Placement 2023?
Ans: This season, 71 recruiters took part in the MBA Business Management placement process, with 26 of them being first-time recruiters. The highest domestic salary that was offered stood at INR 71.51 LPA, whereas the median salary was INR 19.25 LPA.
6. Is it Worth joining XIMB for HR specialisation?
Ans: Whether joining XIMB for HR specialization is worth it depends on your career goals and personal circumstances. XIMB is a respected B-school with a strong reputation in HR management, offering a comprehensive program with theoretical concepts, practical applications, internships, and industry interactions. However, it comes with challenges such as a rigorous curriculum, competition, and cost. Researching the program, speaking to students/alumni, and attending webinars/seminars can help in decision-making. Ultimately, the decision should be based on individual circumstances and goals.
7. Does XIMB help students in getting Summer Internships?
Ans: XIMB has a placement committee that supports the students in getting a summer internship.
8. Do summer internships convert into job offers at XIMB?
Ans: In 2023, XIMB recorded 111 PPOs, which is a 14.48% increase over 2022. So, the chances are good if the internship is done well.
9. Why are Summer Internships considered important at XIMB?
Ans: Summer Internships provide future MBA graduates exposure to the corporate world and help them select the field they would like to specialise in.
Visit XIMB’s website and learn about the college, admission process, courses, and placements and have any doubts answered.