XLRI Placed On Day Zero

124 students, 67 recruiters, 9 hours, 100% placements – These numbers sum up the Campus Recruitment Process (CRP) at XLRI, Jamshedpur this year. The batch of 2004 has had record-breaking placements with the entire batch bagging great offers in a matter of few hours. The economy may be doing well, the sensex may be at an all time high and the much touted “feel good factor” may be at play, even so, the fabulous results at XLRI have far exceeded all expectations.

Getting back to more statistics, the highest salary offered this year is by Coke, the figure being Rs. 8.78 Lakhs. The average salary figure of the batch of 2004 is Rs. 7.14 Lakhs. A total of 162 offers were made which means that the candidates had multiple offers to choose from. 20 odd companies had to leave disappointed since the talent pool was exhausted much before the expected time. The standard deviation for the compensation figure is 0.85 lakhs with the lowest salary figure being 4.2 Lakhs.

The fact that the entire process got over in 9 hours of cumulative interview time reaffirms the faith recruiters place in the talent XLRI offers. The Placement Secretary for CRP 2004, Harshvardhan Singh said, “The upbeat mood in the economy has been reflected in the recruitments at XLRI this year, with phenomenal placements across all sectors. As expected, the IT and the FMCG sector are tied at the top with 32 accepted offers each. CRP 2004 is a grand success.”

The top recruiter is Wipro, which recruited 10 candidates, followed by Accenture, which picked up 8. The IT/ITES sector comprising Cognizant Technology Solutions, IBM, Wipro, Infosys, HCL, TCS and vCustomer among others was the top recruiter taking 47 students. Consulting firms, which included PwC, E&Y, Ma Foi, Hewitt Associates made over 20 offers. Banks and financial institutions like JP Morgan Chase, Standard Chartered, Citibank, AIG, ICICI, ABN AMRO, SBI, SBI Caps, UTI Bank, ICICI PruLife picked up 18 candidates. FMCG majors – HLL, ITC, Britannia, Colgate Palmolive, Reckitt Benckiser, GSK, Coke, Pepsi – picked up 32 students. Major recruiters from the Core sector like Murugappa, TAS, Aditya Birla Group saw 13 offers being accepted. The Class of 2004 at XLRI saw 20-odd PPOs and more than 30 Lateral Offers being made.

Aneesh Banerjee, Placement Secretary, 2002-2003 sums CRP 2004 when he says, “This year was a fantastic year to pass out with fabulous opportunities in the industry across sectors. India is truly shining.”

Technology played a major role in the placements this year with companies like Johnson & Johnson, Citibank, Advantage Global Services, TSMG and PwC making use of the Integrated Online Placement System for various stages of their recruitment process.

The Placement Coordinator, Prof. S. Sengupta expressed his happiness, “The positive response from companies this year is very heartening. Finishing the placements in record-time has proved yet again, the extent to which corporates value the quality of management education imparted by XLRI.”

The Director, Fr Thomas P.D., S.J. summed up the upbeat mood of the Campus after the record breaking Placement when he said, “This year the Placement was totally tension-free. The quality and speed of the Placement went far beyond the expectations of everyone. It simply shows that wherever excellent skills and practical knowledge are present, professional jobs and opportunities are plenty.”