XLRI Summer Placements Hit The Highest Stipend Of 6.8 Lakh For Two Months!

XLRI has successfully completed its summer placements in just two days for its largest-ever batch (2021-23 batch) of 470 students of Business Management and Human Resource Management programmes across Jamshedpur and Delhi-NCR Campuses. This year, the highest stipend stood at 6.8 lakh for two months in the BFSI sector. The median stipend rose to 1.27 lakh per month, witnessing an increase of 16% over the previous year. The average stipend offered was 1.28 lakh per month, increasing by 5% over the previous year. 

This year, various top recruiters such as Amazon, The Boston Consulting Group, and Bain and Company, etc. came to the campus and offered diverse roles in various domains namely Consulting, Human Resources, Sales & Marketing, Finance, etc. 

Let’s deep dive into the placement report to understand the key trends of this year’s summer placements.

Top Recruiters at XLRI 

Many top recruiters from various domains visited XLRI for hiring its diverse talent pool. Major ones are given below:

Other prominent recruiters that visited the XLRI campus and offered roles in a myriad of domains include Colgate-Palmolive, Reckitt, Asian Paints, Mondelez, Johnson & Johnson, etc. 

Sector-Wise Breakdown

Consulting and Advisory were the most sought after firms that gave offers to around 25% of the batch while IT and e-Commerce firms hired 22% of the batch. The FMCGs recruited 17% of the batch and BFSI hired 10% of the batch for various roles.

1. Consulting and Analytics

Many reputed firms such as Boston Consulting Group, Bain & Co., Accenture Strategy hired in huge numbers for consulting roles. Alvarez and Marsal, Kearney, Aon, Everest Consulting, and FinIQ Consulting were among the others that hired students for the coveted role.

2. Human Resources

Known for its HR placements, XLRI further bolstered its position this year. Witnessing a wide gamut of job profiles, XLRI saw participation from P&G, HUL, Nestle, Coca-Cola, Asian Paints, Mondelez, Johnson & Johnson, Citi, JPMC, Walmart, ITC, Mars, Aon, Vedanta, etc. These giants offered various roles such as Learning and Development, Talent Acquisition, HR Consulting and HR Analytics.

3. FMCG

In the FMCG sector, various roles such as Strategy, Sales & Marketing, Product Supply, Operations, IT, and Human Resources were offered. Many top firms including Hindustan Unilever, P&G, ITC, Colgate Palmolive, Reckitt, Nestle, Mondelez, Asian Paints, etc. recruited XLRI’s talent pool for the diverse FMCG roles.

4. BFSI

Many coveted roles in BFSI such as Front-end Investment Banking, Markets, Corporate Banking, Wealth Management, Equity Research,etc. were offered by established firms. BFSI sector witnessed participation from firms including J.P Morgan Chase, Goldman Sachs, Standard Chartered, Citi Bank, Axis Capital, Axis Bank,etc.

5. General Management

TAS, Adani, Mahindra, Reliance, Aditya Birla Group, RPG, Capgemini ELITE, etc. were among the notable firms to offer general management roles. 

Words from the Institute

XLRI offers its students a great culture, infrastructure and placements. Despite the Pandemic, the renowned institute was able to complete its summer placement process within just 2 days! Prof.A.Kanagaraj, Chairperson, Placements at XLRI-Xavier School of Management was elated and said,

“We have had another astoundingly successful summer placement season at XLRI, which has shattered all its previous records. In the current phase of economic resurgence, XLRI has outshined as a beacon, with the Summer Internship Placements getting completed within 2 days – a testament to the quality of budding business leaders that XLRI has to offer to the industry at large. We are extremely grateful to all the reputed organizations for recruiting their next-generation of business leaders from XLRI, and to the faculty, staff, and students for their continued support in this eventful journey”

XLRI’s summer placement records this year witnessed a significant increase, which shows that the institute is growing rapidly in the right direction and offering diverse roles to its talent pool.

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