XLRI sees 100 per cent hire at average salary of Rs 22.35L

Kolkata: Consulting and BFSI seem the flavour of the season when it comes to the final placement at XLRI-Xavier School of Management, a premier B-school.

The Jamshedpur-based institute has achieved 100 per cent placement for the outgoing batch of 2017-19 in its flagship programme –Two-year Postgraduate Diploma in Manage-ment–HRM and BM, with all 358 candidates securing offers through the final recruitment process in two days. The average salary saw an increase to Rs 22.35 lakh a year, from Rs 20.1 lakh last year. The highest offer stood at Rs 50 lakh a year from the banking, financial services and insurance (BFSI) sector.

“The top segments based on roles offered were consulting, sales & marketing and BFSI. Consulting firms extended offers to 21 per cent of the candidates. Sales & marketing and BFSI constituted 27 per cent and 22 per cent of the roles offered to Business Management students, respectively. Other roles included niche functions in analytics, product management, business development, brand management and finance,” top officials at XLRI said.

Interestingly, Boston Consulting Group made the highest number of offers amongst other regular recruiters like Microsoft, Amazon, P&G, Aditya Birla Group, ITC, Avendus Capital and Hindustan Unilever.

“This has been a good year for both of summer as well as final recruitments,” said Prof. Uday Damodaran, Chairperson, Placements (Two-years PGDM Programs), XLRI- Xavier School of Management.

There were as many as 19 first-time recruiters, which included companies such as Allianz Global Investors, Bain & Co., Adani Group, Jubilant Foodworks, Rivigo, Experion, Belden, Xiaomi, Google, Udaan amongst others. PSUs that participated in the final placement included ONGC, GAIL and RECL.

Finance did exceedingly well this year, aided by the participation of firms such as Allianz Global Investors, Citibank, HSBC, J.P Morgan Chase, Avendus Capital, DBS, IDFC First Bank, ICICI and others.