35 XIMB Students Reject High-Pay Jobs, Accept Profiles of Their Choice

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Maximum representation was from the IT industry and included bigwigs like IBM, Cognizant, Infosys, TCS, Mindtree, Wipro, etc.

A total of 309 offers were made to the batch of 118 students resulting in 2.62 offers per student. 33 students had Pre-Placement Offers / Interviews (PPOs/PPIs) from companies they had undergone their summer training with.

Companies coming up with the highest number of offers included TCS, Cognizant, Infosys, JP Morgan Chase, IBM, Kotak Bank while highest salaries were offered by Olam International, JP Morgan Chase, Dell International, Godrej, Accenture.

JP Morgan Chase, SBI Caps, Citifinancial, and UTI were major recruiters from the banking and financial services sector while Ernst & Young, Avalon Consulting, Deloitte Consulting, McKinsey Knowledge Centre were the bigwigs on campus for consulting recruitments.

The average salary for the batch rose by 23% and stood at Rs. 8.77 lakhs per annum. The average domestic salary was Rs. 8.52 lakhs per annum while the median salary was Rs.8.5 lakhs per annum. Apart from offering the highest number of offers (7) in the banking and financial services sector, JP Morgan Chase also offered the highest domestic salary of Rs. 12.75 lakhs per annum to the PGDBM batch. The highest international offer made was by Olam International at US$ 85,000 per annum. Interestingly, there are 23 students securing a paycheck of over Rs. 9 lakhs per annum.

IT / ITES companies came up with the highest number of offers this year, closely followed by Sales & Marketing and Banking & Financial Services companies. Most students expressed their willingness to work in the IT sector with the highest number of accepted offers in this sector.

It is note-worthy that 35 students rejected a higher paying job offer in lieu of a job profile of their choice. The jobs offered were from varied profiles, which included Investment Banking, Supply Chain Management Consulting, Wealth Management, Treasury Management, Talent Acquisition Manager, Area Sales Manager, Industrial Relations Manager, Channel Manager, Corporate Finance, among others.

For the PGPRM Batch at XIMB, 68 offers were made to the batch of 52 students, the per student offer being 1.3. The average salary for the PGPRM batch rose by 31% at Rs.5.1 lakhs per annum and the median salary being Rs.4.60 lakhs per annum. The highest salary offered this year was Rs. 8 lakhs per annum offered by Monsanto India.

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