After reeling under the impact of economic downturn last year, placements at Xavier Institute of Management-Bhubaneswar (XIMB) bounced back to record highs this year. It secured 100 per cent placement yet again. The average salary of PGDM (Post-graduate Diploma in Management) touched Rs 10.52 lakh, a 45 per cent increase over the last year.
The highest domestic offer, too, recorded a growth of 12.5 per cent, reaching Rs 18 lakh, while the median salary stood at Rs 9.5 lakh. The institute also bagged four international offers this year, the highest being $150,000 (around Rs 70 lakh) from Olam International. In all, 58 companies participated in the final placement process, which included some of the most sought after corporate organisations like Vodafone, Infosys, Tata Consultancy Services, Essar Group, Tata Steel, Mahindra & Mahindra and HSBC.