XLRI Placements see 20% increase over last year

JAMSHEDPUR (Economic Times, March 11, 2010): 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."