IBM, Cognizant, Ernst & Young, Hewitt Associates among largest recruiters

The Campus Recruitment Program 2006 at XLRI Jamshedpur, School of Management, has concluded on a grand note. Companies vied with each other to select the 186 students, both from the Business Management (BM) and Personnel Management & Industrial Relations (PM&IR) courses.

3 students signed out with offers from McKinsey, the consulting major, which offered a package of Rs. 13 Lakhs. The highest offer was made by McKinsey, followed by Hay Group, Accenture Business Consulting and HSBC Bank. The average salary for the batch this year was Rs. 8.4 Lakhs, a significant rise as compared to the corresponding figure of the previous year, Rs. 7.4 Lakhs. Over 25 students were offered salaries of Rs. 10 Lakhs or more.

IBM (23), Cognizant (15), Goldman Sachs Equity Research (12), Ernst & Young Human Capital (11), ICICI Prudential (9), Hewitt Associates (8), and Nokia (7) were among the largest recruiters this year making the maximum number of offers. Over 50 companies were a part of the process, of which 9 were participating for the first time.

Reflecting the growing brand equity of both XLRI's Business Management as well as the top notch PM&IR programme, this year saw a significant increase in the institute's Consulting portfolio with first time recruiters Capgemini Consulting, KPMG Consulting, SAP America, Nokia, Oracle and Virtusa in addition to the regular premier recruiters like Accenture Business Consulting, Ernst & Young Human Capital, Hay Group, Hewitt Associates, IBM Business Consulting and McKinsey. 21% of the batch opted for consulting firms.

The Banking, Finance and Insurance sector ranked among students' top preferences with 26% accepted offers across companies in this sector. This sector also witnessed a phenomenal increase in the number of jobs and the nature of roles being offered as compared to the last year. This has been a result of not only the burgeoning economy, but also to the fact that XLRI is the only Business School in India which offers a dual specialization in Finance and Economics. Besides the top banks like Citibank, HSBC Bank, ICICI Bank and Standard Chartered Bank, Lehman Brothers India and Goldman Sachs Equity Research featured in the list of companies in this sector for the first time. The insurance sector, represented by AIG and ICICI Prudential picked up 11 students.

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