XLRI Highest placement of Rs 50 lakh

JAMSHEDPUR: Pharma major Novartis offered the highest placement offer of Rs 50 lakh (USD 1,10,000) at the XLRI School of Business and Human Resources here for its prestigious HR leadership role at Basel, Switzerland.

The highest domestic package was Rs 26 lakh made by a consulting firm for its Mumbai desk whereas the average domestic package was at Rs 14.2 lakh, a 20 per cent increase over last year's figure.

The placement process attracted 75 companies giving a total of 205 offers to a batch of 120 Business Management and 60 Personnel Management and Industrial Relations (HR) students, XLRI Placement Committee Secretary Venkatesh K told reporters here last evening.

The campus recruitment programme 2010 saw 90 per cent of the batch accepting offers made by some of the most coveted organizations for their Indian and international locations followed by a strategically planned rolling process which enabled 100 per cent placements, Venkatesh K said.

XLRI, Venkatesh K said, maintained its position as a destination for premier finance roles as 28 per cent of the total offers came from the financial sector such as Goldman Sachs, Nomura Holdings, Edelweiss, Deutsche Bank, Citibank, HSBC, Standard Chartered, ICICI, Axis Bank and YES Bank.

He said marketing has drawn renewed interest from the students and was the most sought after profile with 30 per cent accepting offers.

A total of 25 per cent of the students received top notch consulting offers.

"XLRI has once again reinforced its long standing supremacy as the best B-school in Asia-Pacific for Human Resources Recruitments continues to be robust and growing with the participation of major firms in this sector." 

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XLRI: 100 percent placement 2009

Jamshedpur , Mar 29 The global economic downturn has not stopped B-school XLRI School of Business and Human Resources here from achieving 100 placement for its class of 2009, although pay packets were a tad lower from last year. Of the 170 students graduating this year, 63 per cent students received offers from marketing and finance sectors, XLRI Placement Committee Chairperson Rajiv Mishra said on Friday.

He said the average domestic salary package offered on campus was Rs 12.12 lakh, which is 18 per cent lower from the Rs 14.75 lakh average offer made last year. The highest international offer of 1,10,000 US Dollar came from global pharmaceuticals major"Novartis"in the human resources sector.

Altogether, 76 domestic and international companies participated in the campus recruitment, held between February 13 and March 25, Placement Committee Secretary Subid Anand said. Many public sector units ranging from financial institutions like SBI capital to Bank Of Baroda and Securities and Exchange Board of India to Gail, BPCL, ONGC, BHEL and Coal India Limited were also in the campus for recruitment, Anand said.

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XLRI achieves 100% placement

XLRI School of Business & Human Resources, Jamshedpur (XLRI Jamshedpur), has completed its final placement procedure with all its 180 students getting placed.

The highest salary offered this year was Rs 22 lakh, while the highest international offer this year was $110,000. Around 76 companies visited the campus this year and made 193 offers to a batch of 180 students. The average domestic salary package offered this year was Rs 12.12 lakh per annum.

This year companies were conservative in terms of pre-placement offers (PPOs), with 30 PPOs being offered. Around eight students ventured with their own niche business plans.

Last year, 57 companies came to campus and made 298 offers to a batch of 180 students. The average domestic offer last year was Rs 14.75 lakh and the highest domestic offer was Rs 28 lakh. Around 12 international offers were made with an average of $90,000, while the highest was $100,000.

Despite news about job cuts, recruitments in human resources continued in the consulting, FMCG and finance sector for international banks and group companies alike. Various specialised roles were offered, such as the one by global pharmaceuticals major, Novartis, offering its HR leadership role at Basel, Switzerland, exclusively to XLRI, making the highest international offer of $110,000.

XLRI’s commitment to promoting and fostering entrepreneurship received a boost this year. With the introduction of deferred placements for students starting out on their own, XLRI established a new legacy in promoting nation builders. This year saw the launch of three startups. Also, one student signed out with deferred placements.

XLRI recently raised close to Rs 14 lakh from its alumni network and other donations towards its XLRI Social Entrepreneurship Trust. The Singapore chapter has also generated close to SGD 5,000. This would go towards the seed fund reserved for student entrepreneurs.

Notwithstanding the financial crisis, XLRI maintained its stand as a premier finance destination with 30 per cent of the total offers coming from the financial sector. Offers were received in investment banking, treasury, corporate finance, commercial banking and insurance. The domestic investment banks were led by Centrum and SBI Capital. Banks such as Citibank, HSBC, Standard Chartered, ICICI, Axis Bank and Bank of Baroda offered roles in their treasury and foreign exchange desks as well as their corporate and retail banking functions.

The Securities & Exchange Board of India (Sebi) recruited from XLRI for the first time, while roles in trading were offered by Futures First. The insurance sector recruited in their product development and distribution functions. Firms such as Bharti AXA, HDFC Ergo, ICICI Lombard and ICICI Prudential offered product structuring roles to students. Corporate finance roles were offered by the likes of Pepsi, L&T, Tata Steel, among others.

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XLRI shines in season of campus gloom

KOLKATA: XLRI, Jamshedpur, seems to have bucked the global meltdown that has not spared the likes of the IIMs and IITs. The highest international stipend (for two months) is the same as last years record of Rs 5 lakh and the average stipend has risen by over 55% from Rs 48,000 to Rs 85,000 for 2009.

Better still, the number of students bagging a stipend of Rs 1 lakh-plus has jumped from 14 to 45. The icing on the cake: international offers have shot up from 5 in 2008 to 22 for 2009.

The only casualty of the meltdown is the highest domestic stipend, which has slipped from Rs 5 lakh to Rs 3 lakh. No more than a bruising blow, when many others have taken a knockout hit. The number of recruiters who turned up for summer placements increased by 32 from last year.

Top financial banks like Lehmann Brothers (which offered the highest stipend last year), Robo Bank and Calyon Bank stayed away but no surprise there.

Over 200 internship offers were made for a batch of 180 students with 15% of the profiles being offered internationally in North America, Europe, South-East Asia, and West Asia by over 70 recruiters.

The highest international stipend was offered by a Wall Street investment bank for its trading desk in Hong Kong while the highest domestic stipend was offered by an investment bank, again, for a position in Mumbai, said Jeevan Kumar, secretary of XLRI's placement committee. And, The Carlyle Group, now the largest private equity player in the world, once again chose XLRI as its exclusive domestic recruitment destination.

So, what's the secret? "We had invited carbon trading companies like Cantor C2E and commodity exchange companies like MCX for summer placements. And, for the first time, brand consulting companies participated too,'' said Rajiv Mishra, XLRI's placement committee chairperson. "XLRI offers a unique dual management, both in marketing and finance. So, the meltdown did not affect us as much.''

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Life beyond IIMs

Three lakh students will be making the beeline to take the CAT exam this year. But with less than one out of 300 aspirants making it to the much sought after IIMs, here's a list that will lighten the load off your shoulders. There is a life beyond the IIMs.

Xavier Labour Relation Institute School Of Management

Top of that pile is Xavier Labour Relation Institute School Of Management the institute located in the industrial town of Jamshedpur. It's setting high standards with a separate entrance conducted in the first week of January.
It's an opportunity in wings for those who don't make the coveted CAT list, for some though it was a first choice.

Faculty of Management Studies

The Faculty of Management Studies in the Capital may not be such a bad bet. It's number two on the list after XLRI. Apart from full time MBA, it's known for it's part time MBA programme as well.
As far as specialsations go the best of marketing and finance are the on offer.

Indian School of Business

In Hyderabad, the youngest of the all B schools is Indian School of Business. It's barely 10-years-old but is rising in ranks globally and on the list. A globally accepted GMAT exam along with comprehensive interviews and Group Discussion are prerequisites. But along with that the excecutive MBA requires a two years of work experience.

SP Jain Institute of Management and Research

Also in line is SP Jain Institute of Management and Research in Mumbai. For those with work experience both CAT and XAT scores work for its diploma.

Indian Institute of Foreign Trade

Indian Institute of Foreign Trade in Delhi closes the list of top five B schools in the country.

With percentiles above 95 giving you a fair chance of making it to leading B-schools, all's not lost if you haven't made it to the IIMs.

There are 99 other B-schools that accept CAT scores throwing open another gateway to your management dreams.

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XLRI Jamshedpur gets 100 top-level placement offers

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KOLKATA: XLRI Jamshedpur’s lateral placements have ended on a high note with about a 100 offers made in varied profiles like finance, consultancy, operations, marketing and human resources for senior-level management roles.

The highest package offered was Rs 22 lakh annually, while the average package was Rs 15 lakh a year.

The financial services domain was represented by Barclays, Lehman Brothers, Standard Chartered, JM Financial, Centrum, among many others who made offers for investment banking, treasury sales, trading, product structuring, wholesale banking, relationship management and M&A advisory.

Consulting firms too, thronged the campus, offering students the roles of senior level consultants. Ernst and Young, Hewitt, PricewaterhouseCoopers, Mercer, KPMG, TSMG, Capgemini were the leaders in the pack.

The laterals process also saw a marked increase in the number of general management offers made by Indian business houses, including the Birla group, Hindujas, Essar, L&T and RPG. The Al Ghanim group offered international roles. The technology sector was represented by IBM, Cognizant, Infosys, HCL, Wipro, and the offers ranged from business development to global sales to project management. Infosys offered students fast track programs which would fetch packages of $1,00,000 a year into the job.

Professor Uday Damodaran, the chairperson of the placement committee said in a release, “The large number of high quality offers in niche areas reinforces the fact that XLRI is the preferred campus for recruitment by corporates.”

Placement Highlights from Top B-schools

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FMS, Delhi University

Paris-based Calyon Bank made the highest domestic offer of INR 16.0 Lakhs per annum.
The highest number of offers was made by Cognizant Technologies with 15 offers. With 10 offers each, IBM, Standard Chartered Bank & ICICI Bank were a close second.

Nearly 48% of the batch opted for a career in Finance. On an average, the highest numbers of offers were made by Banks, with an astounding 62 offers being made IN ALL.

MBA (Management of Services), the 2-year full-time programme of FMS, saw its second batch getting placed, recording an average salary of INR 10.55 Lakhs per annum as opposed to last year’s INR 7.5 Lakhs p.a. The first international offers for the MBA (MS) Batch were made by Jumbo Electronics, Dubai, for an annual salary of AED 220,000 per annum.

A strong 78% of the batch of 2007 converted the option of “Dream Company” - thereby getting an offer from the company they aspired and dreamt of. Compared to other B-schools, this highlights the kind of choice that FMS offers to every student.

MDI Gurgaon

Highlight of placements at MDI Gurgaon was that offers poured in from students’ “dream companies” and that too in their preferred profiles.

160 students received 215 offers in all, making it 1.34 offers per student.
Top-notch international recruiters like Macquarie Bank and Emerio visited MDI campus for the first time.

XLRI Jamshedpur
The Campus Recruitment Process at XLRI ended with an epoch-making 50% rise in average salary, higher than any B-school in India.
Consulting and Finance firms were the cynosure of this paradigm-shifting placement scene at XLRI, making 24% & 30% of the offers respectively.

Hewitt was the top recruiter in consulting with 18 offers, followed by Accenture Business Consulting with 8 offers. Goldman Sachs was the largest recruiter in finance with 9 offers.

NITIE, Mumbai
More than 10% of the PGDIM batch at NITIE joined the millionaire club.
ICICI Bank (20), Cognizant Technology Solutions (20), ICICI Prudential (17), Kotak Mahindra (16), IBM (11) were among the top recruiters.
The Banking, Financial Services and Insurance sector ranked among students’ top preferences with 35% accepted offers across companies in this sector.

IMT, Ghaziabad
Kotak Mahindra became largest recruiter at IMT Ghaziabad, handed out 31 offers, followed by Infosys, Cognizant Technology Solutions, ICICI Prudential, Bharti and Trident.

The placement process saw first-time recruiters including, eClerx, Jumbo International, Covansys, Dell and Accenture visiting the campus.
Along with the flagship PGDBM program, the newer programs in Human Resource Management (MHRM) and International Business (MIB) also saw substantial hike, both in the average compensation package and in terms of number of offers.

SPJIMR, Mumbai
Placements 2007 Creates 85 Millionaires at SPJIMR, Mumbai.
Companies resorted to the phone-a-friend option, calling up their head-offices and carving out special profiles other than those usually on offer.

Participants had 4 offers to consider on an average, with the choice set hitting 10 in some cases.
This year’s placement process saw more than 160 lateral offers generated for 65 candidates.

The highest international offer at SPJIMR was of 43,000 pounds by ICICI Bank for a treasury position in UK.

TISS, Mumbai
Companies like Deutsche Bank, Ernst & Young, Asian Paints & Wipro made Pre-Placement Offers to TISS students.

The institute maintained its enduring relationship with corporate bigwigs like ITC, IBM, HLL, etc., and began new innings with top profile and global companies like HSBC, Dell, Nokia, PwC, etc.

JBIMS, Mumbai
One in every two students, from the batch of 2007 at JBIMS gets offers to become a millionaire.
The institute had its highest number of international and lateral offers. Lateral offers were made to 20% of the batch, while 15% of the batch bagged international offers. Major recruiters for overseas placements were Olam International, First Gulf Bank, Sharaf Group, Man Financial and Jumbo Electronics.

IIFT, Delhi
20% of the batch receives Pre-Placement Offers at IIFT, Delhi.
Olam International and Backes & Strauss made international offers, apart from offers from Australian Wheat Board for their Trading operations.

The average package offered this year was INR 9.3 Lakhs with highest international package of USD 100,000 (offered by Olam International) and highest domestic package of INR 19.2 Lakhs (offered by Lehman Brothers).
The other higher paying offers were from Citigroup, Backes & Strauss, Standard Chartered, DTZ, etc.

B-schools salaries hit the roof

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Salary levels during the final placements at the ‘younger’ Indian Institutes of Management like Kozhikode, Indore and Lucknow have risen by 30-44 per cent this year. The largest recruiters this year comprised banking and consulting companies. The same trend was seen in prominent B-schools like XLRI too.

IIM-Indore: The batch of 115 students at IIM-Indore — the youngest of the six IIMs — received a total of 329 offers, including 12 international ones. Around 67 companies participated in the final placements process, out of which 29 companies were first time recruiters. Average salary levels increased by nearly 45 per cent. The highest domestic salary was Rs 18 lakh per year as compared with Rs 12.5 lakh last year — an increase of 44 per cent. On the international front, the highest salary was $110,000 (around Rs 50 lakh) offered by Infosys. The largest recruiters this time were consulting firms with 25 per cent of the students opting for consulting companies.

IIM-Kozhikode: At the institute, 431 offers were made to 155 students of the 2007 batch? Around 88 companies participated in the recruitment process out of which 34 were first-timers. International salary level shot up by as much as 57 per cent at $110,000 (around Rs 50 lakh) per annum against $70,000 (Rs 31.5 lakh) last year. The domestic salary figure recorded an increase of 32 per cent at Rs 22 lakh per annum against Rs 16.67 lakh last year. Even at IIM-Kozhikode, over 25 per cent of the batch chose jobs with consultancy firms. Around 21 students received international offers for the US, Europe, West Asia and countries in the Asia-Pacific Region. Cognizant (15 offers), JP Morgan Chase (13 offers), Deloitte (9 offers) and Accenture Business Consulting (5 offers) were the biggest recruiters on campus this year.

IIM-Ahmedabad (Final placements to get over on Mar 15)IIM-Bangalore (Final placements to get over on Mar 12)IIM-Calcutta (Final placements to get over Mar 16)

IIM Lucknow: This institute too saw its salary levels shoot up by 40 per cent. With a graduating batch of 280 students, IIM Lucknow’s final placements saw an increase of 35-40 per cent in the salary levels. Students, however, gave more importance to the nature of job profiles that were offered. Around 554 offers were made to 280 students, including 28 international offers. Companies like McKinsey & Co, AT Kearney, Ernst & Young, Accenture, Deloitte Consulting, KPMG, PriceWaterhouseCoopers, TSMG, TAS and Bristlecone visited the campus for final placements.

XLRI: The campus recruitment process at XLRI this year saw a 50 per cent rise in average salary offered by the biggest companies across industries. The average salary offered was Rs 12.6 lakh per annum, while the median was Rs 13.06 lakh per annum, reflecting the placement performance of this institute. The lowest salary offered at the institute was Rs 8.6 lakh per annum, while highest domestic salary offered was Rs 16 lakh per annum. There were 10 foreign offers, with an average of $85000 (around Rs 38 lakh) and a highest of $100,000 (around Rs 50 lakh). Consulting majors made a beeline to XLRI, making 24 per cent of the offers.