Record placement at XIMB

Aided by economic boom and alumni support, the Xavier Institute of Management, Bhubaneswar (XIMB), has emerged as a favourite haunting ground for the corporate recruiters in the current financial year.

The institute, a reputed B-school in the eastern region has achieved more than 100 per cent placement for its 2004 batch surpassing all previous placement records.

Within only two days of start of placement on January 8, all our students grabbed up by various companies, points out Father Abraham, director of the institute, adding, the jobs on offer were 155 from 51 companies for a batch of only 120 students.

But more than the number of offers, it is quality of jobs and salary packages received by the students which is important, he observed.

The average salary offered was Rs 4.6 lakh (about Rs 1.4 lakh more than last year) with the maximum salary being Rs 12 lakh and the minimum Rs 2.4 lakh. Out of 117 students who have received offers, 45 have got salaries of more than Rs 5 lakh.

The placement in XIMB this year had many first to its credit, the Father said.

"For the first time XIMB had students getting recruited for foreign postings as two students got offers from Insight Asia, a Jakarta based market research firm on dollar salaries".

The number of offers per student was 1.32-also an all time record. Besides, almost all students got jobs from among their list of "top five" companies they had applied to were recruited, he added.

Companies visiting XIMB for the first time included JP Morgan India, Prudential ICICI, Delphi, Frost & Sullivan, Ernst & Young, HCL Comnet, Kotak group, Birla Soft and Mahindra British Telecom.

This is in addition to the regular recruiters like AV Birla group, GE group, Godrej group, Britannia, Marico and Price Waterhouse-Coopers. The IT companies included Infosys, TCS, Kanbay, Sonata, Polaris and the Wipro group.

The rush was so much that few companies including PSUs like Indian Oil, SBI and Balmer and Laurie had to return empty handed.

Three students did not take any offer as they wanted to pursue higher studies. Of those recruited, 45 have gone into marketing, 31 IT, 18 finance, 10 HR, 11 consultancy and two into logistics.

The best recruiters were Infosys taking in 16, Polaris nine, Frost and Sullivan and Wipro eight each, Godrej six and HPCL four students.