XLRI placements 2011: Finance, Consulting & Marketing take three quarters of the batch

XLRI School of Business and Human Resources, Jamshedpur completed placements for both its Business Management (BM) and Personnel Management and Industrial Relations (PMIR) batches of 2009-11 with 317 offers from 109 companies in under four days.

This was the first placement exercise for XLRI after they double their PMIR batch strength from 60 to 120 students. The total number of offers made during the placements too increased accordingly.

Students
Total number of students 240 (120+120 of BM and PMIR each)
Opt-outs 1 (from BM batch)
Effective number that appeared for placements 239
Companies and offers
Number of companies that made offers 109
Total number of offers made 317
Average offers per student 1.33
Total number of Lateral offers made 96
Number of Lateral offers accepted 85
Total number of PPOs made 45
Number of PPOs accepted 30
Salary
Average Domestic salary of total offers Rs 15.8 lakhs
Median Domestic salary of total offers Rs 14.7 lakhs
Average salary of total Lateral offers Rs 16.5 lakhs
Highest Domestic salary Rs 23 lakhs
Highest International salary USD 120,000 (made by Novartis AG for its HR Leadership Development Role)

Three quarters of the graduating batch was placed equally across Finance, Marketing and Consulting companies.

Finance

ICICI Bank was the largest recruiter and with 21 offers. Offers were received across functions such as Investment Banking, Treasury, Corporate Finance, Wholesale Banking, Commercial Banking, Retail Banking and Insurance. Global finance majors such as Goldman Sachs, Nomura Holdings, BNP Paribas and Edelweiss offered roles in the areas of asset management, corporate investment banking and equity research. Financial institutions such as ICICI Securities, India Infoline, Citibank, Standard Chartered, ICICI, Axis Bank, DBS 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 SBI Capital Markets generated interest among the students. Corporate finance roles were offered by Hindustan Unilever, Cadbury, L&T; and Reliance Industries Ltd among others.

Marketing

The class of 2011 was offered opportunities in the areas of branding, marketing and sales functions by FMCG majors like Procter & Gamble, Hindustan Unilever Ltd, Johnson & Johnson, GlaxoSmithKline, ITC, Asian Paints, Nestle, Cadbury, Marico, PepsiCo, Castrol and Biocon. There was also participation from companies across sectors like BhartiAirtel, Lenovo, Cummins, Hindustan Coca Cola Beverages Pvt Ltd and Akzonobel.

Consulting

The Boston Consulting Group, Mckinsey & Co, Accenture Business Consulting, Tata Strategic Management Group, Ernst & Young, Mercer Consulting, Hewitt Associates, KPMG, Deloitte Consulting, Cognizant Business Consulting, Capgemini & Wipro Consulting offered roles in Business Advisory, Strategy and Human Capital Advisory in India and overseas.

General Management

This year Tata Administrative Services, Aditya Birla Group, Mahindra & Mahindra, Hinduja Group, Reliance Industries LTD, Lodha Group, Manipal Group, RPG Group and Murugappa group made over 13% offers in several middle management positions.

First Time Recruiters

KPMG for the first time opened its Financial Risk Management role at XLRI for the class of 2011. Firms such as Google, Hindustan Coca Cola Beverages Pvt Ltd, BNP Paribas, ICICI Securities, India Infoline, Akzonobel, Amazon.com, Lodha Group, Medtronic, Glenmark Pharma, HPCL-Arcelor Mittal Energy Ltd and AC Nielsen recruited for several positions.

One student deferred participating in placements to explore his own social venture.

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