Placements for the PMIR and Business Management batches of 2010 at the Xavier’s Labour Relations Institute (XLRI), Jamshedpur concluded with the largest number of students receiving job offers in Marketing roles. A total of 75 companies recruited students from the 120-strong Business Management class and the 60-strong Personnel Management and Industrial Relations batch. These companies made a total of 205 offers among these 180 students.
About 90% of the class was placed on the back of pre-placement offers, lateral offers and a four-day slotted-process. The institute switched to a rolling process to secure jobs for the rest of the batch.
“There was a 33.33% jump in the pre-placement offers over last year with students being awarded with attractive jobs for excellent performance during Summer Internships,” said the XLRI placement report.
“Marketing has drawn renewed interest from the students and was the most sought after profile with 30% accepting offers. The class of 2010 was offered diverse opportunities in the areas of branding, marketing and sales functions by FMCG majors like Procter & Gamble, Hindustan Unilever, Johnson & Johnson, GlaxoSmithKline, ITC, Asian Paints, Nestle, Cadbury, Marico, Reckitt Benckiser, Britannia, Pepsi, Castrol, Biocon and Amul,” said the placement report.
As many as 28 % of the total offers came from the financial sector, ranging across Investment Banking, Treasury, Corporate Finance, Wholesale Banking, Commercial Banking, Retail Banking and Insurance. “Global finance majors such as Goldman Sachs, Nomura Holdings and Edelweiss offered roles in the areas of asset management and equity research. Banks such as Deutsche Bank, Citibank, HSBC, Standard Chartered, ICICI, Axis Bank and YES Bank offered roles in the treasury and foreign exchange desks as well as in their corporate and retail banking functions. The offerings of domestic investment banks led by Centrum and SBI Capital Markets generated a lot of interest among the students. Corporate honchos from the public sector such as BHEL recruited for its M&A; and financial advisory division. This year saw aggressive participation from the insurance sector in the product development and distribution functions lead by Aviva Life Insurance. Corporate finance roles were offered by Hindustan Unilever, Cadbury, L&T; and Tata Steel among others,” elaborated the report.
At 25% of the offers, the consulting space was the third largest recruiting group from XLRI. “McKinsey & Co, Accenture Business Consulting, Tata Strategic Management Group, Ernst & Young, Mercer Consulting, Hewitt Associates, KPMG, Deloitte Consulting, Cognizant Business Consulting & Wipro Consulting offered roles in Business Advisory, Strategy and Human Capital Advisory in India and overseas,” said the XLRI report.
Among companies offering General Management roles, Tata Administrative Services, Aditya Birla Group, Mahindra & Mahindra, RPG Group, Hinduja Group, Manipal Group and Murugappa group made offers amounting to 15% of the total offers. According to XLRI, all of them were accepted. Novartis US, Virgin Mobile, Ambit Holdings, Aviva Life Insurance, and Micro Land were some of the first-time recruiters from XLRI. One student signed out from the placement process to pursue an entrepreneurship venture.
The average domestic salary was Rs 14.2 Lakhs, while the median domestic salary was 12.75 Lakhs. The average salary for lateral offers was Rs 15.1 Lakhs.