Top B-school placements unfazed by slowdown

Jamshedpur: The economic downturn seems to have not affected the placement season at the premier XLRI School of Business & Human Resources which successfully concluded its final placement process and 98 percent of the batch was placed in first three days.

A total of 73 companies participated in the final placement process and 284 offers were made to a batch of 235 students, said a release from XLRI here today.

[caption id=“attachment_213852” align=“alignleft” width=“380” caption=“The average domestic salary for the final placement this year was Rs 16.48 lakh”]  [/caption]

The average domestic salary for the final placement this year was Rs 16.48 lakh, while the median domestic salary was Rs 15.5 lakh. The highest domestic salary offered was Rs 40 lakh and the highest international offer stood in excess of $125,000 (Rs 61,71,012).

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Goldman Sachs, the largest recruiter, made 12 offers for its Asset Management and Investment Research roles in the finance sector. Standard Chartered offered roles in financial markets, while one student was made an offer in N M Rothschild’s Investment Banking division, the release said.

Other recruiters within the Banking and Finance Sector included Citibank, Nomura, Bloomberg, Edelweiss, Rabobank, ICICI Bank, YES Bank, L&T Finance, SBI Capital Markets.

The reputed firms included Boston Consulting Group and McKinsey and Co, Deloitte Consulting, while Gallup Consulting was a first time recruiter at XLRI and offered multiple roles across divisions.

Expressing satisfaction over the process, E Abraham, Director of XLRI said, “Despite the slowdown in the global economy, the placement process at our campus concluded in a record time of just four days, with 98 per cent of the batch getting placed within the first three days.”

PTI