Domestic salaries up in XLRI final placements

Jamshedpur, Feb 07 (UNI) The average domestic salaries stood at Rs 14.75 lakhs during the placement season of Xavier Labour Relations Institute (XLRI) here for 2008 batch.

The placement season at the institute ended with 298 offers made for a batch of 180 students, with the highest domestic offer being Rs 28 lakhs per annum.

12 international offers were also made with an average of 90,000 USD per year.

According to the country's premier B-school sources, finance sector had led this year's placement as 31 per cent of the offers were made in this domain.

A plethora of MNCs and domestic giants such as Lehman Brothers, Goldma Sachs, JP Morgan Chase, JM Financial, HSBC, Citibank, Barclays, Deutsche Equities, Standard Chartered, 8 Capital Hedge Fund, ICICI Bank, ICRA, Kotak and Centrum were among the first to recognise the ever-increasing stature of XLRI as a finance hub.

The FMCG jobs were the most sought after as 23 per cent of the students accepted offers from FMCG major like Procter and Gamble, Hindustan Unilever Limited, Johnson and Johnson, Colgate Palmolive, Nestle, Cadbury, Asian Paints, Reckitt Benckiser, Marico, Glaxo Smithkline, ITC, Pepsi.

Consultancy sector also good impact as 21 per cent students had chosen this domain which included some of the global players like McKinsey, Accenture, The Hay Group, Ernst and Young, KPMG, Mercer, PWC, Hewitt Associates, Deloitte and Aptivaa.

General Management and IT sector were recorded recruitment of 14 per cent and 11 per cent respectively. However, the US slowdown had reflected this year's placements as only 12 students got overseas jobs as compared to 25 recruitments last year, the sources said.

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