Business Standard (March 28, 2009): 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.