XLRI GMP placement sees pre-recession glory

Written by fe Bureaus | Jamshedpur | Updated: Jul 21 2010, 06:36am hrs
With as many as 36 candidates of the batch of 97having been able to change roles at the recently concluded placements of XLRIs one-year full-time General Management Programme (GMP) one felt that the heady days of placements of the pre-recession period of 2006-2007 was almost back.

According to Prof Madhukar Shukla who teaches OB & Strategic Management at the XLRI School of Business & Human Resources, while 17 per cent students could successfully make a shift to a different sector/industry than that they belonged to previously, around 38% students were able to change roles.

Started in 1997, XLRIs full-time one-year flagship GMP programme is claimed to be the oldest in the country and is only open to students having minimum of 5 years quality managerial work experience.

Notable shifts at placements were made by doctors in the batch who were able to switch from medical practice to bagging 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/consultants roles.

Other remarkable industry shifts noticed had been in the case of two students belonging to the IT sector who were offered roles in operations in a large retail group and in corporate sales/marketing in a leading music label respectively.

Further, several students from core sectors made a shift to IT as domain/subject matter experts/consultants.

The salaries being offered to the batch also saw a huge jump as compared to last year, with the highest salary offered being Rs 30 lakh whereas the average for the batch stood at Rs 15 lakh per annum.

The GMP placements also saw an increasing trend of corporates hiring for senior management positions.

Prominent among the corporates who took part at the B-Schools GMP placements included names like Google, MindTree, SAP, Accenture, IBM, HCL, HP, Mahindra Satyam, Tech Mahindra, Wirpo, TCS, Future Group, Apollo Hospitals, Infosys, Applabs, Daimler, Exide, Genpact, Tata Motors, etc.

A break-up of the placements showed that as much as 57per cent of the batch size of 97 opted for IT & ITES sector, 9 per cent for energy & infrastructure sectors, 8per cent for the manufacturing sector, 6per cent for healthcare sector, 6 per centfor banking & financial services sector while the balance 14per cent opted for other sectors.

In terms of salary, while around 7% of the batch settled for an annual salary of Rs 18 lakh and above, 29per cent bagged an annual pay packet between Rs 15 to 18 lakh, 35% would be getting between Rs 12 lakh and Rs 15 lakh while the balance 29 per cent would be receiving compensation between Rs 10 to 12 lakh per annum.

Of the B-Schools GMP batch of 97 students only 82 participated at the actual placements as 15 went back to join their previous organisations at elevated positions.