The economy might still not be out of the woods yet, but that didn’t spoil the placement results of the latest batch of the 1 year full time General Management Program at XLRI Jamshedpur. On the contrary, the placements of the GMP batch of 2010 bore a remarkable similarity to the heady days of placements of the pre-recession era of 2006-2007.
The salaries offered also saw a huge jump as compared to last year. The highest salary offered was Rs.30 lakhs whereas the average was Rs.15 lakhs. There was an increasing trend towards hiring for senior management positions by the corporates. Some of the roles offered were General Manager, Business Unit Head, State Head, Global Leadership Cadre, Assistant Vice Presidents etc.
A number of students were able to make shifts in sector/industry and roles. While 17% students could successfully make a shift in sector/industry, around 38% students were able to change roles. Notable shifts were made by doctors in the batch who were able to switch from medical practice to leading managerial roles in the health sector. Also many students from the IT sector were able to shift from conventional programming and project management roles to business manager/consultant roles. Other remarkable shifts made in industry were in case of two students from IT sector who were offered roles in operations in a large retail group and in corporate sales/marketing in a leading music label. Further, many students from core sectors made a shift to IT as domain/subject matter experts/consultants.
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General Management Program(GMP) is a 1 year, full time flagship MBA program at XLRI, Jamshedpur. Started in 1997, it is the oldest 1 year MBA program in India and is only open to students having minimum of 5 years quality managerial work experience. The program, with about 1000 contact hours, is also one of the most rigorous in India and includes mandatory value added curriculum modules such as a three week mandatory international immersion program, a three day village trip and a three day team building adventure workshop.