XLRI Placement Report - CRP 2014
Placements at XLRI defy hard times - Places 100% of the batch in 3.5 days
XLRI, Jamshedpur has achieved 100% placement for its current outgoing batch of 2012-14. The Final Recruitment process saw participation from 103 recruiters which included over 32 new recruiters and 254 offers were made for a batch of 245 students over a period of 3.5 days.
- Against the backdrop of a slow-growing global and domestic economy, XLRI has successfully placed its high-caliber students from its Business Management and Human Resource Management programs.
- Participation by a large number of reputed organizations year-after-year for recruitment bears testimony to the reputation of XLRI as a trusted management school.
- XLRI proved once again why it is the top ranked private B-school in the country with the students from the Business Management and Human Resources Program securing premium roles across sectors.
- BFSI and Consulting firms recruited in large numbers with around 50% of the Business Management students being offered roles in the Finance and Consulting domains.
- XLRI's unrivalled reputation for its Human Resources Program was clearly visible as the HR students secured excellent job offers across sectors viz. Consulting, FMCG, General Management and other sectors in large numbers.
- 79 students were offered PPOs (Pre-Placement Offers) from their summer internships, a near 25% increase over the past year with the students from XLRI proving their mettle in the industry yet again.
- The median salary of the batch was over 16.25 lakhs per annum.
In continuation with the trend from the recently concluded Summer Internship Placements the CRP was marked by an overwhelming presence of recruiters from the financial sector domain. Recruiters from the BFSI space included Aviva, Axis Bank, Bharati Axa, BNP Paribas, Citibank, Creador, CRISIL, Development Bank of Singapore, Deutsche Bank, Goldman Sachs, HDFC, HSBC, ICICI Bank, IndusInd Bank, ING Vysya Bank, JP Morgan Chase, Nomura, Standard Chartered, UBS and Yes Bank. ICICI Bank was the largest finance recruiter. HDFC Bank offered roles in its Treasury department. Corporate Banking roles were offered by Citibank and HSBC among others. Creador, a Private Equity Firm offered a niche role.
Marketing /Operations and Human Resources
The FMCGs have been the forte of XLRI over the years. This year was no different and XLRI has again re-established its strength as an FMCG destination. Asian Paints, Castrol, Coca-Cola, Colgate Palmolive, GSK CH, HCCB, ITC, Johnson & Johnson, L'Oreal, Marico, Mars, Mondelez, Nestle, P&G, Pepsi, Puma, Reckitt Benckiser, Unilever among others offered roles in Sales and Marketing and HR functions. ITC was the largest recruiter in the FMCG space.
The chemicals giant DuPont offered its marketing leadership development role at XLRI.
The pharmaceutical and medical sector was strongly represented by participation from majors like Bebitz, Bioxcel, Dr. Reddy's, Medtronic, Ranbaxy and Sanofi. The media sector too made its presence felt with Set India, Star TV and Times Innovative offering roles in their Sales and Marketing function. Airtel, Cisco, Ericsson and Vodafone represented the Communications and the Networking space while Philips, Samsung and Videocon were the recruiters from the Consumer Durables sector here at XLRI.
Bosch, Crompton Greaves, Siemens, Shell and Trident recruited students from the HR function.
DTDC, ITC, JSL, Lodha Group and Tata Steel offered operations related roles including supply chain and procurement.
General Management once again was one of the preferred sectors on campus with major industry players like Aditya Birla Group, Hinduja Group, Mahindra & Mahindra, Reliance Industries, RPG and TAS offering a large number of roles in this area.
The consulting domain saw the participation of industry majors such as Accenture Strategy, Capgemini Consulting, Cognizant Business Consulting, Deloitte, Ernst & Young, Everest Group, Hay Group, iCRM, KPMG, McKinsey & Co., Pricewaterhouse Coopers, The Boston Consulting Group, TSMG and Vector Consulting. Ernst & Young offered its prestigious transaction advisory role. International roles were also offered to students.
Technology and ecommerce were the other highlights with some of the key recruiters being Amazon, EXL, Flipkart, Jabong, Microsoft, Sandisk, TCS, UST Global, Virtusa and Wipro who offered roles in program management, sales & marketing, HR and operations.
XLRI - Xavier School of Management (formerly known as XLRI - Xavier Labor Relations Institute) is a premier, private management institute in India founded in 1949 by Fr Quinn Enright, S.J. in the Steel city of Jamshedpur, Jharkhand. Over the last six decades, XLRI has helped shape responsible business leaders who serve organizations of repute across the globe. As an institution, XLRI continually strives to contribute its mite to the professional growth and management of innumerable organizations that serve the public - especially organized industry sectors, labor welfare, service agencies engaged in rural development, education, health and other public systems.
XLRI Summer Internship 2014
Largest ever batch of 365 gets placed in record time of 3.5 days yet again
This year saw steep rise in international offers in summer internships
This year XLRI has launched a parallel placement process - 'Parivartan', for students willing to work with social sector organizations
14th October, 2014: XLRI - Xavier School of Management, one of India's premier B-Schools, continuing its success run in Summer Internship, completes its placements of its largest ever batch in record time yet again. The entire batch of 2014-16 obtains internship opportunities in a span of only 3.5 days.
The recruitment drive saw 105 companies participating in the process, making 385 offers to 365 students.
All students of the batch received paid internships, the highest stipend offered being Rs. 1.5 lakh per month. The median stipend for the entire batch (BM & HR) was at Rs. 55,000 per month. The top recruiters on campus in terms of numbers were Altisource (12), Vodafone (10), HUL (9), ITC (9), Microsoft (9), ABG (8), Samsung R&D Institute (8) and Wipro (8).
Fr. E Abraham, Director of XLRI commented "We are overwhelmed with the 100% success in summer placements and I congratulate all our first-year students. Our students being recruited across diverse industry sectors is an affirmation of the all-round integral formation we strive to impart to our students."
"As a socially aware and conscientious institution, XLRI prides itself in its association with social sector organizations and in a calibrated way has launched a parallel placement process called 'Parivartan'. The aim of this initiative is to show our solidarity towards social causes where students can get summer internship opportunities to work with Non-Government Organizations and Not-for-Profit Organizations", he added.
There were multiple organizations who participated in this 'Parivartan' process. Amongst them included Pratham, Tata Trust, Azim Premji Foundation, Bandhan Microfinance, Ashoka Foundation, E-Vidyaloka, to name a few. Two students were placed with the Tata Trust. The process was held and completed before the conventional Summer Placement Week.
While XLRI maintains its pre-eminence as the foremost recruitment destination for budding HR managers, the flagship Business Management program witnessed the most diverse split of internship opportunities this year with the entire BM batch obtaining internship opportunities in 2.5 days. The role wise split is as follows: Sales and marketing at 47%, Finance at 26%, Consulting at 11%, Gen Man at 9% and the remaining 7% in Operations and Program Management.
Placements at XLRI are a tremendous team effort with the entire process carried out by the elected 12 member student-run Placement Committee along with help from other support committees: CRISP, Controls, Services and Logs.
Prof. Rajiv Mishra - Chairperson, Placement at XLRI commented, "This year's placement season has witnessed vast diversity of offers from every sector of the industry including media conglomerates and social sector organisations. This year saw steep rise in international offers. We are thankful for the sustained faith shown by the industry in the much sought-after management professionals talent at XLRI."
This year saw steep rise in international offers in internships. Companies like M.H AlShaya, ABG, Altisource, HUL, Kellogg's, Nomura, Pepsi, Godrej and a European Hedge Fund among others opening up multiple international roles. Many more organizations are bound to get added to the list as they finalize their projects closer to the internship period.
XLRI continued to strengthen its presence in the BFSI space with BFSI being the sector where most of the Business Management students chose to intern at.
Carlyle continued to repose its faith in the institution by recruiting exclusively from XLRI. The European Hedge Fund after having offered its only PPO to an XLer returned to campus for the summers. Avendus Capital opened its doors for XL for its front end PE Syndication and M&A Advisory roles.
World Bank was once again a highlight of the internship process and it offered its Structured Products role to XLRI.
Citibank, HSBC, Standard Chartered, BNP Paribas, DBS opened up multiple roles including the Markets, Corporate Banking, Retail and HR to name a few.
Goldman Sachs, JP Morgan Chase, Nomura offered Investment Banking and Equity Research roles.
American Express and Aviva returned to recruit from XLRI for their Risk Management Profile.
The BFSI recruiter list also includes Private Equity Firms like Uniquest Infra Ventures and an Angel Fund.
Indian Banks and Firms include the likes of Axis Bank, ICICI Bank among others.
CRISIL opened up roles for both the BM and HR students while Samsung R&D recruited XLers for projects in Corporate Finance.
Altisource was the largest recruiter in the BFSI domain with many students getting the chance to work at their Luxembourg office.
HRM students continued to prefer the FMCG sector for internship opportunities with almost 19% of the batch interning in that sector.
The Sales & Marketing enthusiasts were flooded with offers with the FMCG sector leading the way. HUL and ITC offered 9 internship roles, closely followed by Kellogg's and Mondelez at 7 each.
P&G's and Nestlé's S&M role for the Business Management students returned after a long hiatus.
Roughly 19 % of this season's offers were by FMCG recruiters some of which include Akzonobel, Asian Paints, Castrol, Coca-Cola, Colgate Palmolive, GSK CH, Hindustan Coca Cola Beverages, Johnson & Johnson Consumer, L'Oréal, Marico, Mars, Nestlé, Pepsi and Reckitt Benckiser to name a few.
GSK CH, Pepsi recruited interns for its Supply Chain roles as well.
As compared to the previous SIP Process, XLRI registered more than a 50% jump in the number of consult offerings on campus.
With an average of around 4 offers per organization, consulting firms the likes of Aon Hewitt, BCG, Capgemini, Cognizant, Deloitte, EY, KPMG, People Business, PwC got a pick of the best talent that XLRI had to offer.
The Boston Consulting Group beat this sector average by offering 7 internship offers, 2 of them to the HR students for its consulting role. BCG opened its Consulting Profile for the HRM batch for the very first time in addition to the BM batch.
ABG lead the conglomerate pack with 8 internship offers.
The regular Conglomerates offered an average of 5.5 offers and the addition of new conglomerates helped increased the number of offerings over the last year by 40 %
The Conglomerates who have time and again trusted XLRI for its talent pool include ABG, Mahindra, Reliance, RPG and TAS.
Some of the new additions to the list include the Future Group, GE, Godrej, LnT and the Muthoot Group.
Godrej opened up a gamut of profiles for the students including Operations as well.
The projects offered to the interns by the Future Group came directly from the CEO's office and were closely related to their retail expansion plans.
The Technology Sector showed a strong presence with participation from Industry stalwarts like Microsoft, Samsung R&D Institute (SRI), Wipro, Philips, Sandisk, IBM, HCL, Siemens, CISCO, Nucleus Software etc.
SRI opened its niche Tech Sensing role for XLRI while Microsoft returned for its IDC and Sales and Marketing role along with HR.
Abbott, Biogen IDEC and Alembic Pharma were among the new participants this year which also included the regular recruiters like GSK Pharma, Boston Scientific, Medtronic, Novartis and Roche with roles across Sales & Marketing, Operations and HR domains.
Vodafone continued to fuel its expansion plans in the country with talent from XLRI by taking double digit number of interns closely followed by Airtel, Ericsson and Reliance Communication in the Telecom space.
Amazon recruited for its Operations role. Flipkart, Taxi for Sure and People Group (having a portfolio with the likes of shaadi.com) made their presence felt from the E-Commerce sector.
Tata Steel, Emerson, Hero Moto Corp, Cummins from the manufacturing domain were highly favored among XLers.
Star TV and Zee Media recruited from the Media Sector.
In addition, Cairn and SunEdison from the Energy Sector also recruited talent from XLRI.
Sodexo, United Colors of Benneton, IndiaBulls, World Resources Institute were among the new recruiters that graced the Summer Internship Process.
XLRI-Xavier School of Management, Jamshedpur is a premier, private management institute in India founded in 1949 by Fr Quinn Enright, S.J. in the 'steel city' of Jamshedpur (www.xlri.ac.in). Over the last six decades, the institute has grown into a top-ranking business management school of international repute with a wide portfolio of management programs and research publications. Its alumni are spread around the globe and have demonstrated responsible business leadership in their organizations. XLRI continually strives to contribute its mite to the professional growth and management of numerous organisations and institutions across industry sectors.