49 students, 26 participating companies and 106 offers – that pretty much sums up the XLRI GMP Placement 2007. The highest international offer was USD 100,000, the highest domestic offer stood at a whopping Rs.35 lakhs and the average salary offered for the GMP Class of 2007 was Rs.15 lakhs. Offers poured in from diverse sectors like Investment banks, FMCG, Telecom, Banking, Management Consulting, Manufacturing, IT and ITES. Firms such as ADAG Group, Atos origin, Cognizant, Feedback Ventures, Godrej Consumer, ICICI, ICRA Management Consulting, JSPL, L &T;, Mindtree Consulting, RPG group, SBI Caps, Tech Mahindra, Tata Motors etc. participated in the placement process.
The placement performance vindicated the confidence that the students placed in a bold new open-format, flexible, rolling, placement-process. The slot free transparent process was aimed at finding the right organization fit for the candidates who were seeking roles of their interest. The process also offered a menu of location choices to recruiters, with the Institute bringing the entire batch of students to Mumbai for one part of the process. This facilitated an interaction between the candidates and top management of the participating organizations. The feature was much appreciated by the participating organizations especially given the fact that multiple rounds of interviews were often necessary to decide the best fit for candidates based on their prior experience, interests and organizational needs.
The success of the placement process was an indication of the increasing acceptance of the One year GMP by the corporate world and goes to indicate that strong profiles with good pedigree will go a long way in the coming years.
In the words of Prof. Uday Damodaran, the chairperson of the XLRI placement committee: “Given the care with which we selected participants for this programme, the thinking that went into the design of the programme and the quality of delivery of the programme, we were always confident of the success of the Placement Process. But the enthusiastic response of the recruiters exceeded even our own expectations. Notably so, because a significant number of participating companies even had their Managing Directors on their interview panels”
|Number of candidates||49|
|Companies participated in the placement process||26|
|Average Salary||15 Lakhs|
|Median Salary||14 Lakhs|
|Highest International Offer||1, 00,000 USD|
|Highest domestic offer||35 Lakhs INR|
|Number of offers per candidate||2.16|