The outgoing batch of 2018-20 of the Xavier School of Management (XLRI) saw all the 359 candidates securing offers despite the job market looking not too bright. Not only did 108 organisations participate, 24 of them were new final recruiters. What is most interesting is that the salaries offered to the candidates have also been on the higher side, with the median salary increasing to Rs 23 lakh from Rs 21 lakh last year.
The average salary, which was Rs 22.35 lakh last year, also went up to Rs 24.30 lakh per annum. The highest offer was of Rs 58.5 lakh per annum, whereas last year, it was only Rs 50 lakh per annum.
About 362 domestic and international offers were made, with 43 per cent of the candidates receiving the maximum number of pre-placement offers.
The highest package, of Rs 58.5 lakh, was offered by the Singapore-based Tolaram Group. Offers also came from the consulting, sales and marketing, as well as BFSI (banking, financial services and insurance) sectors. The maximum number of offers came from KPMG and Pricewaterhouse Coopers.
In addition to the regulars— Hindustan Lever, Standard Chartered, Microsoft, the Boston Consulting Group, Accenture Strategy, Microsoft, Amazon, P&G, Aditya Birla Group, ITC, Avendus Capital, and Capgemini ELITE—24 new recruiters also participated in the final hiring process. Some of the big names amongst them were, Power Finance Corporation, Diageo, Welspun, Arga Investment Management, Delhivery, Tolaram Group, MH Alshaya, Myntra, JCB, Thoucentric, and CK Birla.