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Placement 2001 Xavier Labour Relations Institute, Jamshedpur, India's premier B-school once again, hit the jackpot with its final campus placements. Though they were scheduled to go on till the 16th, the entire process was over within just Day 1!!! Incidentally, the institute finally homed in on 42 companies which participated in the decisive lap of placements, even as 70 had initially evinced interest in the 127 students on tap. Infact many recruiters had to leave the campus empty-handed. This year, like all years, the placements were phenomenal with top notch companies touting for the cream of the batch. Arthur Andersen, Accenture, iNautix, ICICI and so on, to name a few. Monitor, a Michael Porter company, starting consulting operations in India, made an offer for Rs.13,00,000 to one student at XLRI. Astounding dollar salary offers of US $ 84,500 came from iNautix, leading IT consultants, which were accepted by 3 students. HCL Technologies was the largest recruiter lapping up 17 Xlers followed by the old heavy weight ICICI which recruited 11 students. Among the big ticket recruiters for the Indian shores were HSBC (Rs 12lakhs), Accenture (Rs 9.5 lakhs), Arthur Andersen (Rs 7.5 lakhs) and Cognizant Technology Solutions (Rs 8 lakhs). The sectorial pie looks like this: 28 percent consulting, 26 percent FIs and banks, followed of course by HR, IT and marketing. On the whole, there was a shift towards consulting with 22% of the entire batch being recruited by consultants, like Arthur Andersen, Accenture, Hewitt Associates, Mindtree consulting, William Mercer, Eicher consulting services and Oracle. Though known for its human resources function, this year's campus recruitment reflected XLRI's transition towards a complete business school. Cross-functional exposure was given to many students specialising in human resources, with almost 20% of the PMIR batch offered positions in general management. The banks and financial institutions still remain the coveted recruiters with 32 students placed with them. Information technology sector, the hottest sector in industry today walked away with 25 systems specialists. The average salary soared over 70% percent (over last years) to a whooping 8.06 lakhs per annum. As usual, XLRI has bagged foreign placements, in New Jersey, US, Hong Kong, Singapore and so on. Companies have also proposed foreign placements after 6 to 8 months period of training. A number of lateral offers were made to the students with relevant industry work experience prior to the campus recruitment programme. A significant number of pre-placements offers were also made, on the basis of performance during summer internships. The best last year was a whooping 8.85 lakhs p.a. offered to 2 students of XLRI by McKinsey. The average rupee salary ran up to 4.83 lakhs p.a. - up 60% from last year - and this is excluding ESOPs by the leading Sys companies like Wipro, Infosys and CTS. The total number of offers per candidate was conservatively estimated at 1.62, again a significant up from the previous year.
Here's a brief overview of the statistics from CRP 2000: Now with the good placement reports coming from IIMK, FMS and JBIMS, the scene at XLRI will be interesting as it belongs to the top five B-Schools of India and the placement scene here will set the trend for the placement scene at IIMs.
Click here to Debate on latest trends of Placements 2001 as the saga unfolds itself.
Read complete story of Placement 2000 as it happened along with analysis and comparison across the B-Schools and segment-wise analysis. Read about the pre placement scenario from our archives
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