Students at the campus recruitment process (CRP) of the XLRI School of Business & Human Resources here played it safe this year by sticking to companies with whom they had spent their summer internship last year, as around 33.33% of the B-School?s passing out batch of 180 students went for pre-placement offers rather than go for a new company.
Keeping the global scenario in mind, there has also been a distinct lack of interest from the students? side in foreign offers and the sole overseas offer picked up came from pharma giant Novartis Switzerland. The Basel-based job, incidentally, was also the highest paid job available on the campus this year, the compensation being $1.10 lakh.
?Acceptance of all pre-placement offers (PPOs) coming from group companies such as Tata Administrative Services (TAS), the Aditya Birla Group, etc has shown increased faith in Indian companies and vice versa from the companies,? said XLRI placement committee secretary Venkatesh K.
Earlier, lateral placements for students with experience too had been an impressive prelude to the B-School?s CRP, as the number of lateral offers doubled over last year, the job profiles too being a rich mix this year, spread equally across various domains for middle and senior level management roles, with the average salary figure being Rs 15.1 lakh per annum.
XLRI has declared for the first time that the median domestic salary for the passing out batch has been Rs 12.75 lakh, the median being a better representation of the commonly accepted ?average? as it echoes the focus on the quality of job being made.
However, the average domestic package offered at the Business-School stood at Rs 14.2 lakh, a rise of close to 20 per cent over last year?s figure.
Close on the heels of meeting with success at its PPO and lateral placements, the main CRP slotted process lasted for four days which saw 90 per cent of the batch of 120 business management (BM) and 60 personnel management & industrial relations (HR) students accepting a total of 205 offers made by 75 coveted organizations who came here.
At the end of it all, around 28% of the offers came from the financial sector, representing a plethora of functions such as investment banking, treasury, corporate finance, wholesale banking, commercial banking, retail banking and insurance.
Global finance majors such as Goldman Sachs, Nomura Holdings and Edelweiss offered roles in the areas of asset management and equity research. Banks such as Deutsche Bank, Citibank, HSBC, Standard Chartered, ICICI, Axis Bank and YES Bank offered roles in the treasury and foreign exchange desks as well as in their corporate and retail banking functions.
The offerings of domestic investment banks led by Centrum and SBI Capital Markets too generated interest among students, with public sector corporate honchos BHEL exclusively recruiting for its mergers & acquisitions (M&A) and financial advisory division.
Also, while the insurance sector, led by Aviva Life Insurance, was seen aggressive in filling up posts for product development and distribution functions, corporate finance roles were offered too by Hindustan Unilever, Cadbury, L&T and Tata Steel.
Companies such as Novartis US, Virgin Mobile, Ambit Holdings, Aviva Life Insurance, and Micro Land, who recruited for several prized positions in their respective organizations had been first-time recruiters at the B-School.
Marketing too drew renewed interest from students this time and was the most sought-after profile with 30per cent accepting offers as diverse as in the areas of branding, marketing and sales functions by FMCG majors like Procter & Gamble, Hindustan Unilever, Johnson & Johnson, GlaxoSmithKline, ITC, Asian Paints, Nestle, Cadbury, Marico, Reckitt Benckiser, Britannia, Pepsi, Castrol, Biocon and Amul.
In consulting, XLRI strengthened its relationship with around 25 per cent of the students entering CRP for job offers being made by companies such as McKinsey & Company, Accenture Business Consulting, Tata Strategic Management Group, Ernst & Young, Mercer Consulting, Hewitt Associates, KPMG, Deloitte Consulting, Cognizant Business Consulting & Wipro Consulting for roles in business advisory, strategy and human capital advisory, both in the country and overseas.