The Xavier Institute of Management, Bhubaneswar, a premier B-school of the country has broken all its past records in
placement of its management students for the batch of 2006.
All the students of its post graduate diploma in business management (PGDBM) were taken up by the companies visiting the campus on the first day of placement while
it took a day longer for the students of post graduate programme in rural management (PGPRM) to get suitable job offers for all.
But what is more important is significant improvement in per student offer of jobs and
phenomenal increase in the average salary on offer compared to the previous years, says Father E Abraham, director of the institute.
The 2004-2006 batch of 121 PGDBM students of XIMB bagged over 206 offers averaging 1.7
offers per student.
The average salary offered went up to Rs 7.12 lakh per annum as against Rs 5.24 lakh per annum last year, a 40 per cent increase.
Of all offers made, 20 were pre-placement offers.
The
highest domestic salary of 9 lakhs per annum was offered by ATOS Origin, followed by JP Morgan, with an offer of Rs 8.6 lakh per annum.
On the international front, OLAM International made the highest offer of $85000 per
annum.
Numerous companies like Infosys (26 offers), TCS (14 offers), IBM (11 offers), Wipro (10 offers), JP Morgan (6 offers), GenPact (10 offers), Mindtree Consulting (7 offers) and Ernst and Young (6 offers), made
multiple offers.
Among lateral recruiters ATOS Origin, JP Morgan, Accenture, Infosys, Cargill India, and Wipro Technologies, ITC Infotech, Progeon, Mindtree Consulting made handsome offers.
The IT sector, which
amassed 34 per cent of the batch, was once again the largest recruiter, followed by the consultancy firms which appropriated 22 per cent.
The manufacturing sector came in next with 16 per cent closely followed by banking
& finance sector and FMCG sector with 10 per cent each.
Similarly, by the second day of placement for PGPRM students at XIMB, 38 students had received 50 offers making it 1.32 students per student.
While the
highest offer of Rs 6.05 lakh per annum was made by Citi Financial, the average salary on offer was Rs 4 lakh per annum which is a whopping increase of 30 per cent over the last year's average of Rs 3.1 lakh per annum.
The
star recruiters who visited the campus included Azim Premji Foundation, Action Aid International, Dow Agrosciences, NAFED, ICICI Bank (7 offers), HDFC Bank (7 offers), Citi Financial and SKS Microfinance (11 offers).
Banking and insurance sector was the largest recruiter roping in 45 per cent of the batch. This was followed by development and microfinance sector which amassed 29 per cent of the batch. The agribusiness sector was another major
recruiter and it appreciated 26 per cent of the batch.
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