XLRI Placements 2024: Completes 100 % Placements; Average Salary dips by 8.6%; Accenture, Amazon, BCG, HUL key recruiters

XLRI Jamshedpur has completed 100 percent placements for all 503 students of graduating 2022-24 class of PGDM (BM) and Two-year PGDM (HRM) programs from both XLRI Jamshedpur and XLRI Delhi NCR campuses. A total of 154 recruiters, included 65 new recruiters, participated in XLRI Placements 2024 making 519 domestic and 1 international offer. Against the backdrop of challenging market conditions, the average salary for XLRI Placements 2024 has dipped by 8.6%. Accenture Strategy, Amazon, Boston Consulting Group, HCL, HUL, Ola, PwC, Reliance and Tata Steel made the highest number of offers at XLRI Placements 2024.

XLRI Final Placements 2024: Key Highlights

• The median salary offered to the batch stood at INR 28 lakhs per annum
• Top 10th and 25th percentile average was INR 51.66 lakhs and INR 42.98 lakhs per annum, respectively.
• The average salary offered to the batch stood at INR 29.89 lakhs per annum
• The highest domestic offer of INR 75 lakhs per annum from the BFSI sector.
• The top domains based on the roles offered were Consulting, ITES and Sales & Marketing.
• Accenture Strategy, Amazon, Asian Paints, Bajaj Auto, Boston Consulting Group, HCL, HUL, Ola, PwC, Reliance and Tata Steel made the highest number of offers among the regular recruiters.
• New final recruiters included Air India, Godrej Properties, Ola, Shree Cements, Tata Electronics among others.

“It brings us immense joy to declare that, against the backdrop of challenging market dynamics, XLRI has accomplished 100% placement with resounding success," said Father S George, Director, XLRI.

XLRI Placement Trends – MBAUniverse.com Analysis
Against the backdrop of challenging market conditions, the average salary for XLRI Placements 2024 has dipped by 8.6%. Similar trend is seen in Median Salary too. A comparative analysis of last nine years is given below:

Placement year	Average salary (Rs. in lakhs)	Median salary (Rs. in lakhs)
Placement 2024	29.89	28.0
Placement 2023	32.70	30.00
Placement 2022	30.70	26.28
Placement 2021	25.08	23
Placement 2020	24.30	23
Placement 2019	22.35	21
Placement 2018	20.10	21
Placement 2017	19.21	19
Placement 2016	18.50	18

XLRI Placements 2023: Average Salary at Rs.32.7 LPA; Accenture, Amazon, BCG, HUL, ITC, PwC hire big

XLRI Jamshedpur has yet again broken all its past placement records and has continued with its legacy of achieving the higher placement packages for its students, resulting in rising average, median and highest salary in Placements 2023. XLRI Jamshedpur student has been offered the highest international package of Rs.1.1 Crore for the HR domain while the highest domestic package has gone up at Rs. 78.2 LPA offered by ITES sector. Accenture Strategy, Amazon, Bain and Company, Boston Consulting Group, HUL, ITC, PwC made the highest number of offers to XLRI students in Placement 2023

Consistently scaling new heights in placements over the years, XLRI conducted its final placement process 2023 in January and has concluded its placement season 2023 in just 1 day with 100 percent placements for the outgoing batch of 2021-23 for its flagship programs – Two-year Postgraduate Diploma in Management – Human Resource Management and the Two-year Postgraduate Diploma in Management – Business Management with all 463 candidates securing offers through the final recruitment process. The students of the 2021-23 batch from XLRI Jamshedpur and Delhi NCR campuses participated in the placement process.

XLRI Placement 2023 has witnessed a substantial rise in average salary which has gone up at Rs.32.7 LPA from Rs.30.7 LPA last year. The process saw participation from 117 recruiters with 484 domestic offers and three international offers, including 30 new recruiters. The placement offers also include pre-placement offers (PPOs) which were offered to 43.8 per cent of the batch on the basis of their performance during their summer internships. 

XLRI final placement process was conducted in two stages. The first stage of Lateral Recruitment Process (LRP) was conducted over a week in January 2023 where students with prior work experience were interviewed and were offered higher than entry-level positions. 

The second stage of Campus Recruitment Process (CRP) was conducted on a single day in February 2023 where there was no segregation on basis of the work experience.  

XLRI Final Placements 2023: Key Highlights

• Placement 2023 was concluded in just one day
• Average salary saw 6.5% increase at Rs.32.7 LPA this year from Rs.30.7 LPA last year
• Highest International Salary has gone up at Rs.1.1 Crore
• Highest Domestic Salary has gone up at Rs.78.2 LPA this year from Rs.75 LPA last year
• Median salary in 2023 goes up at Rs.30 LPA this year from Rs.26.28 LPA last year
• Top 10% Average Salary stood at Rs.57.7 LPA
• Top 25% Average Salary stood at Rs. 46.8 LPA
• PPOs were offered to 43.8% students based on their performance in Summer Internships
• 117 Recruiters participated in Placements 2023
• 30 New Recruiters participated in XLRI Placement 2023
• The top domains offering roles were Consulting, Sales & Marketing and BFSI
• 487 offers including 3 International offers were made to 463 students
• Top Recruiters included Accenture Strategy, Amazon, Bain and Company, Boston Consulting Group, HUL, ITC, Paytm, PwC among others

On the remarkable success of Placement 2023, Father S George, Director, XLRI said, “We have great students who will take greater responsibility in India Inc. as responsible leaders. We are delighted to announce that XLRI has achieved the feat of 100% placements in a record timeframe this year amidst tough market conditions. We attribute the outstanding placements to an affirmation by the corporate world of the highly relevant management-centric education we strive to deliver to our students year after year. This stellar success is a testimony to our students’ resilient calibre in navigating the industry’s shifting trends and their future journey as young business leaders of tomorrow and eminent faculty who mould, mentor and accompany their journey. We thank all the recruiters who participated and recruited our students.”

XLRI Placement Trends
The Placement 2023 has recorded a spurt in average salary by more than 6% over last year with median salary also going up from the last year level. Beating Covid-19 pandemic and the economic slowdown, XLRI has seen an increasing trend in the salary packages. A comparative analysis is given below:

Placement year	Average salary (Rs. in lakhs)	Median salary (Rs. in lakhs)
Placement 2023	32.70	30.00
Placement 2022	30.70	26.28
Placement 2021	25.08	23
Placement 2020	24.30	23
Placement 2019	22.35	21
Placement 2018	20.10	21
Placement 2017	19.21	19
Placement 2016	18.50	18

Rising number of PPOs
Pre placement offers (PPOs) have also recorded consistent high ratio in placements over the years as shared below-

XLRI Placement year	PPOs
2023	202
2022	172
2021	119
2020	154
2019	122
2018	122
2017	121
2016	102
2015	99
2014	79

The rising trend in number of PPOs emphasises that the students from XLRI are consistently proving their mettle in the industry year after year.

Participation by 30 First Time Recruiters
Placement 2023 at XLRI saw participation from 30 first time recruiters like Barclays, Deutsche Bank, Emaar Properties, HSBC, Indigo Edge, Mercedes Benz, Nykaa, Samagra Governance, Shell, Zomato

Top Recruiters
Out of 117 recruiters, XLRI witnessed 30 first time recruiters in Placement 2023. Top recruiters at XLRI Placement 2023 include Accenture Strategy, Amazon, Bain & Company, BCG, PayTM, PwC which made the highest number of offers. Other legacy recruiters included Aditya Birla Group, American Express, Asian Paints, Hindustan Unilever, P&G, TAS, Microsoft, DTDC, EY Parthenon, Pine Labs, Redseer Strategy Consultants, Texas Instruments, Alvarez & Marsal, Aon, Boston Consulting Group, Deloitte, EY, Kearney, KPMG, Mckinsey, Synergy Consulting, Vector Consulting, Google, Media.net, Walmart, Flipkart, Star Disney, Uber, Games 24x7, Head Digital Works, Colgate Palmolive, Johnson & Johnson, Asian Paints, Nestle, Samsung, Mondelez, Nykaa, Reckitt, Pidilite, Pernod Ricard, AB inBev, Haleon GSK, Cipla, Dr. Reddy’s, Sun Pharma, Ephicacy, PI Industries, Emaar, Aliens Group, Goldman Sachs, J.P Morgan Chase, Avendus Capital, Indigo Edge, HSBC, American Express, Citibank, FinIQ, Mastercard, Natwest, Standard Chartered, Société Générale, Mercedes Benz, Power Finance Corporation, Bajaj Auto, Renew Power, Shell, Varroc, Vedanta. Airtel, Tata Communications, Vi, Marico, JP Morgan Chase and Co., Samsung among others

Sector Wise Placement
The top segments based on roles offered were Consulting, ITES, E-Commerce, Sales & Marketing and General Management. Consulting firms extended offers to 29% of the candidates.

Consulting: 29% Share in XLRI Placements 2023
XLRI continued to be the destination of choice for consulting firms such as Accenture Strategy, Alvarez & Marsal, Aon, Bain & Company, Boston Consulting Group, Deloitte, EY, Kearney, KPMG, Mckinsey, PwC, Synergy Consulting, Vector Consulting and others participating in the process. The increase in consulting roles can be attributed to a higher number of candidates opting for these roles and the recognition of the talent pool at XLRI by these consulting firms, accentuated by our pedagogic rigour. The increased interest is also attributable to the established track record of XLRI graduates over the years in prestigious management consulting firms in India and abroad.

ITES, E-commerce, Sales & Marketing Gaming and Online Services: 52% Share in XLRI Placement 2023
ITES, E-Commerce, Sales & Marketing constituted 27% and 25% of the roles offered to the students respectively. Accenture Strategy, Amazon, Bain & Company, BCG, PayTM, and PwC made the highest number of offers amongst other legacy recruiters such as Aditya Birla Group, American Express, Asian Paints, Hindustan Unilever, P&G, TAS, Microsoft, and others. Other new recruiters included DTDC, EY Parthenon, Pine Labs, Redseer Strategy Consultants, and Texas Instruments. 

Overcoming the blues of the technology sector market, there was sustainable hiring in these sectors in Product Management, Analytics & Programme Management roles. Major recruiters included Amazon, Google, Microsoft, Media.net, PayTM, Walmart, Flipkart, Star Disney, Uber, Games 24x7, and Head Digital Works.

FMCG, Pharma and Real Estate
XLRI has established itself as a campus preferred by FMCGs, and the trend continued this year with top firms such as P&G, Hindustan Unilever, ITC, Colgate Palmolive, Johnson & Johnson, Asian Paints, Nestle, Samsung, Mondelez, Nykaa, Reckitt, Pidilite, Pernod Ricard, AB inBev, Haleon GSK and others participating. The process witnessed hiring by companies in the pharma chemical sector such as Cipla, Dr. Reddy’s, Sun Pharma, Ephicacy, PI Industries, among others. Real estate developers viz. Emaar and Aliens Group participated in the process for the first time. Roles in Strategy, Sales & Marketing, Supply Chain, Operations, IT and Human Resources were offered to the graduating students.

BFSI
The Finance sector was another major contributor, with the participation of firms such as Goldman Sachs, J.P Morgan Chase, Avendus Capital, Indigo Edge, HSBC, American Express, Citibank, FinIQ, Mastercard, Natwest and Standard Chartered, Société Générale, among others. The roles offered in this domain were Front End Investment Banking, Asset Management, Portfolio Management, Global and Corporate Banking, Wealth Management, Global Markets, Equity Research, and Retail Banking.

Automotive, Energy and Telecommunications
Automobile sector witnessed the boarding of premium recruiters such as Mercedes Benz and Power Finance Corporation. Other legacy recruiters in these sectors were Bajaj Auto, Renew Power, Shell, Varroc and Vedanta. Airtel, Tata Communications and Vi were among other established firms in the telecommunications sector.

General Management
Roles in General Management were offered by conglomerates such as TAS, Aditya Birla Group, Mahindra, Bajaj Finserv, Kotak, Capgemini ELITE, Reliance Industries, RPG group, Hinduja group and other firms.

HR
XLRI is widely regarded as the best institution in the country for HR. HR roles were offered by firms spanning the spectrum of domains such as P&G, HUL, ITC, Colgate Palmolive, Marico, JP Morgan Chase and Co., Google, Samsung, Bajaj Auto, and others. HR roles offered included HR Consulting, Recruitment, Compensation & Benefits, HR Analytics and Chief of Staff. Premier consulting firms like KPMG, PwC, EY, and Deloitte open exclusive HR consulting roles for XLRI students reaffirming their trust in XL-ers as HR leaders of tomorrow.

Xavier School of Management (XLRI) is a premier, private management institute in India founded in 1949 by Fr Quinn Enright, S.J. in the Steel city of Jamshedpur, Jharkhand. Over the last seven decades, XLRI has helped shape responsible business leaders who serve organizations of repute across the globe. As an institution, XLRI continually strives to contribute its mite to the professional growth and management of innumerable organizations that serve the public - especially organized industry sectors, labor welfare, service agencies engaged in rural development, education, health and other public systems.

XLRI has been awarded two prestigious International Accreditations, viz., AACSB - The Association to Advance Collegiate Schools of Business and AMBA - Association of MBAs. XLRI has also earned the National Board of Accreditation (NBA) accreditation. 

Stay tuned to MBAUniverse.com for more updates on XLRI Jamshedpur