Lateral
Placements at XLRI Jamshedpur Blaze a Trail of Success
The recently concluded Lateral
Placements at XLRI have been a blazing success. Geared towards students with
prior industry experience, a plethora of offers were received in varied profiles
such as Finance, Consultancy, Operations, Marketing, Human Resources,
among many others.
In total,
over a 100 offers were made during the lateral season to
90 eligible lateral candidates for senior
level management roles. The average salary package
offered was Rs. 15 Lakh. The highest salary
offered too, reached the 22 Lakh Rupee mark this season. Even more
satisfying for the students has been the rich mix of offers equally spread
across various domains to choose from.
The financial and financial
services domain was represented by the likes of Barclays, Lehman Brothers,
Standard Chartered, JM Financial, Centrum, among many others who made unique
offers for Investment Banking, Treasury Sales, Trading, Product Structuring,
Wholesale Banking, Relationship Management and M & A Advisory. The diversity of
profiles on offer for finance provided enough scope for the finance enthusiasts
to bag their preferred jobs, either in intense number crunching or milder client
interaction roles. The stupendous growth in finance offers stands testimony to
the strong goodwill enjoyed by the institute in the financial domain.
Consulting firms yet again
were present in full strength, offering students the roles of Senior Level
Consultants. Ernst & Young, Hewitt, PricewaterhouseCoopers, Mercer, KPMG, TSMG,
Capgemini were the leaders in the pack recruiting students for consulting in
various spheres - Banking & Financial Services, Human Consulting, Media &
Entertainment, Retail, to name a few. The growth in consulting offers made to
students at XLRI over the years further highlights XLRI's forte as a one-stop
destination for consulting majors.
What was most interesting this
year was the growth in the number of general management offers made by
Indian conglomerates and business houses. The Aditya Birla Group, The Hinduja
Group, Essar, L&T, RPG made offers for top management roles to XLRI students.
The Al Ghanim Group made international offers to multiple students. The growth
in these offers signifies the coming of age and strength of domestic Indian and
international houses to avail the best management talent available.
The technology industry
once again established XLRI as their preferred destination with multinationals
such as IBM, Cognizant Technology Solutions, Infosys, HCL, WIPRO offering roles
ranging from Business Development to Global Sales to Project Management.
Companies such as Infosys offered fast-track programs to students which would
provide packages of USD 100,000 a year into the job!
Prof. Uday Damodaran, the
Chairperson of the Placement Committee, said, "The large number of high quality
offers in niche areas reinforces the fact that XLRI is the preferred campus for
recruitment by corporates when they look for extra ordinary talent."
With the final placements slated
to begin in a matter of days and companies pouring in for pre-placement talks
with students, expectations are high for a robust end to the placement season
for the batch of 2008.
