Summer Placements 2007 @ XLRI

Highlights Highest domestic stipend of Rs 2 lakhs, highest overseas stipend of USD 10,000 67% percentage of students placed in Slot 1 over a span of 36 hours New recruiters from the financial sector include JP Morgan Chase, *Ca…

Highlights

Highest domestic stipend of Rs 2 lakhs, highest overseas stipend of USD 10,000

67% percentage of students placed in Slot 1 over a span of 36 hours

New recruiters from the financial sector include JP Morgan Chase, Carlyle, Lehman Brothers, Deutsche Bank, American Express and Rabobank

6 Overseas offer

15 companies visited XLRI for the first time including Barings Private Equity Partners, Carlyle, Citi Financial, Deutsche Bank, Fair Isaac, Jonas Lang La Salle, Microsoft, Nokia, Rabobank and Tata HRLP.

The Summer Internship Program 2007 at XLRI Jamshedpur, School of Business and Human Resources, has concluded on a highly successful note. Companies vied with each other to select the 180 first year students, both from the Business Management (BM) and Personnel Management & Industrial Relations (PM&IR;) courses.

2 students signed out with JP Morgan Chase which offered the highest domestic stipend of Rs 2 lakhs. This was followed by the Yahoo and Hay Group, which offered Rs 90,000 each.

As many as 6 overseas offers were accepted, including offers from Novartis in Switzerland, Muscat Finance, TAS and ABG.

The Banking, Finance and Insurance sector saw a sharp increase in number of premier recruiters such as American Express, Deutsche Bank, Goldman Sachs Equity Research, JP Morgan Chase, Lehman Brothers, and Rabobank alongside regulars like AIG, Citibank, Edelweiss Capital, HSBC, ICICI Prudential, Standard Chartered Bank and UTI Bank. Private equity firms like Carlyle Group and Barings Private Equity Partners were also on campus for the first time. 25% of the batch opted for internships in the finance sector.

IT Consulting major Cognizant (14) was the largest recruiter this year with the maximum number of accepted offers. Other major recruiters were Deloitte Consulting, Ernst & Young and IBM (7) and Dell, Hewitt and TAS (6).

32 companies participated in Slot1 while 24 companies recruited students in Slot 2.

Reflecting the growing brand equity of both XLRIs Business Management as well as the top notch PM&IR; programme, this year saw 17% of the batch opting for consulting profiles with premier recruiters like Accenture, Cognizant, Deloitte Consulting, Ernst & Young, Hay Group, Hewitt Associates, IBM, KPMG Consulting, Mercer and SAP America.

XLRIs proven track record as an FMCG favourite was reinforced by the active participation of top organizations Asian Paints, Britannia, Cadbury, Coke, Colgate Palmolive, GlaxoSmithKline, Godrej, HLL, ITC, Marico, Nestle, P&G;, Pepsi, Reckitt Benckiser and Seagram. 25% of the students signed out with offers from FMCG / Manufacturing firms.

The new entrants in the IT / ITES/ Technology sector were Yahoo(1), Dell(6), Microsoft(4) and Nokia(3).This sector accounted for 19% of the batch.

Major recruiters from business conglomerates included Aditya Birla Group, L&T;, Murugappa Group, RPG and TAS with 24 students opting for them.

According to Prof Uday Damodaran, Chairperson (Placement): "This year we have far exceeded the exacting standards that we had set for ourselves for the Summer Internship Programme. The numbers are there for all to see - the large number of companies participating, the number of new recruiters, the very high stipends, etc. But more than all that we are very happy that the major stakeholders in the process- the students and the recruiters- were extremely pleased at the outcome of the process."
XLRI Jamshedpur - News and latest Updates: Summer Placements 2007 @ XLRI

Good work Shreyas. With the bumper placements, that we had this year, it's party time for all of us. Specially from the bummers, who got 2 lakh packages

Harsh

Its a gr8 news man!!

Congrats to all the achievers @ XL

Great goin Ahead!!!

I think it's important to mention that Slot-1 is the first slot in XLRI. We don't use terms like "Slot-0" and "Day 0", so essentially 120+ students, out of 180, were placed in the first slot. That's pretty darn impressive.

Probably, we can start a precedent from next year, about how many students got the profiles, that they wanted ? This should help in two things -

1) Bring more transparency in reporting of summers results, as to the satisfaction of the students, for whom the placements are conducted

2) Start a new practice amongst B-Schools, which gives more information to the aspirants and give a clearer picture about the placements.

It would be really premature to report them for the summers process(as still, a lot of freshers are not clear, about the field they want to go to - most of them go with the flow), but can be implemented for the next campus recruitment process annually - this should add a fresh new perspective to the reporting of results and should be one of the parameters, on judging a B-School's rank/quality of students. A little bit of OB gyaan - rather than focussing more on the basic needs of money(which the top B-Schools like IIMs/XLRI already satisfy), it would be good to see these top B-Schools moving more towards satisfying the self-actualisation needs of the students. This should take the process one step further and rather than the usual rant of 100% placements, % of students placed on Day 0, highest salary offered to students, no. of foreign offers etc., it would offer an interesting perspective from the students side. Some food for thought!!!

Harsh

No edit button 😞 Read 'summers process' as 'finals process' in point 1) as above.

I am really tired of not having the edit button on the forums. 😞 Please read my full post here.

Harsh

What profile did JPM offer at XL?
TIA

As far as I know, it was a Treasury Sales/ Trading desk profile. Can anybody confirm this?

An article in Business Standard about XLRI's Summer Placements 2007.

15 new units at XLRI placements

The Xavier Labour Relations Institute (XLRI) Jamshedpur saw 15 new companies lining up for the summer placements for 2007.

This brought the total count up to 56, with most of the companies belonging to the financial sector.

The highest domestic stipend of rupees two lakh was offered by J P Morgan Chase, the highest overseas stipend stood at $10,000.

Slot one, which had 32 companies participating, saw 67 per cent of the 180 students of business management, personnel management and industrial relations being placed successfully.

Slot two had 24 companies participating. While information technology major, Cognizant Technologies was the largest recruiter of the year with 14 accepted offers, 25 per cent of the batch opted for internships in the financial sector.

New recruiters from the financial sector included JP Morgan Chase, Carlyle, Lehman Brothers, Deutsche Bank, American Express and Rabobank.

Hey wat abt the puys?...
Doc...Akshat..Funnky...Sam...BlackP...et al...
Hope u'll have rocked....

Hey wat abt the puys?...
Doc...Akshat..Funnky...Sam...BlackP...et al...
Hope u'll have rocked....

hi dear.. got into P&G; (Procter & Gamble)..
Hey wat abt the puys?...
Doc...Akshat..Funnky...Sam...BlackP...et al...
Hope u'll have rocked....


Deloitte Consulting, Mumbai.

t

Hey wat abt the puys?...
Doc...Akshat..Funnky...Sam...BlackP...et al...
Hope u'll have rocked....

Akshat: GSK
Funky: Pepsi
Sam: Deloitte Strategy and Ops

-R

Hey can anyone lemme knw abt the status of summers of the Naughtiest Kid from Bangalore - The Great Sumana M.. Summers kahan mila use..! And is she still the same girl..

Energetic and Jovial...! He he he !

Missing the days I had with her back in College in Bangie !

Hey can anyone lemme knw abt the status of summers of the Naughtiest Kid from Bangalore - The Great Sumana M.. Summers kahan mila use..! And is she still the same girl..

Energetic and Jovial...! He he he !

Missing the days I had with her back in College in Bangie !

Goldman Sachs Equity Research
Guess she is the same cheerful person @ Xl too 😃
Goldman Sachs Equity Research
Guess she is the same cheerful person @ Xl too :)


Hey Raj, thanks for the Info... !

I dunno if she's the same....... she's probably worse. She has now joined the dark side, a.k.a., PJAXI, but has occasionally been accused of trying too hard.

P.S.: For all those unfamiliar with XL lingo, PJAXI - Poor Joke Asociation of XLRI

Highlights

Highest domestic stipend of Rs 2 lakhs, highest overseas stipend of USD 10,000

.....
XLRI Jamshedpur - News and latest Updates: Summer Placements 2007 @ XLRI


Great going XL!
Congrats to all the XL'ers... Hope you guys ended up with profiles/cos. of ur choice 😃