XLRI to invite start-ups, social ventures for placement


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XLRI School of Business & Human Resources will be the first B-School in the country to invite social organisations and start-ups for the summer placement process of its 2010 batch.
The B-School's "initiative for social & entrepreneurial leadership (ISEL)" will be jointly implemented by its placement committee, social initiative group for managerial assistance (Sigma) and its committee for research, strategy, consulting and entrepreneurship (Crescent).
A number of social ventures like the Bill & Melinda Gates Foundation, microfinance institution BASIX, Azim Premji Foundation and IFMR, an ICICI Foundation, have confirmed participation in the ISEL. XLRI's regular placements will take place in the last week of this month.
Altogether 40 students of its 180-strong batch have so far shown interest in moving away from high-paying corporate jobs and opted for a career either as a start-up or in joining established players in the social sector.
Among start-ups who will take part in the placement process are Quetzal Verify, Vinculum, Beans & Intellect, Chaupaati and MBMC Consulting, to name a few.
"Time has come when the students select not to work for a company but created jobs, as creation of wealth for the country by becoming entrepreneurs is something what the institution would definitely support," said Father E Abraham, director, XLRI.
XLRI has for some years now being taking initiatives to promote social and entrepreneurial spirit at its campus here, which includes setting up of a "social entrepreneurship trust (SET)" by its alumni and an "entrepreneurship development cell (EDC)", to provide training and funding to budding entrepreneurs.
Again, although internship with social organisations has been on Sigma's agenda for some years now, the idea got impetus this year after Byrraju Foundation chief integrator & lead partner Verghese Jacob (an 1979 batch alumnus) made a presentation at the campus in August this year, prompting around 27 students of the B-School to take a week-long internship at Byrraju in Hyderabad in September.








Placement info - XL's One year full time Exec MBA

Many readers may not be aware, since 1997, XLRI has a full-time 1 year Executive MBA program (1000 contact class hours).
Since last year, XLRI is also providing the placement facilities to them (given the difference in profile and coursework, this process is separate from the placement process of the 2 year course). Last year’s placement got average number of offers per candidate equaling 2.16 and average salary for domestic offers being 15 Lakhs INR.
If you know someone who would be interested in the following profile, please pass on this information
The current batch consists of 55 self-sponsored students
Minimum Work-Ex: 5 yrs
Average Work-Ex: 7.5 yrs
Experience in diverse sectors such as Airline, Energy, FMCG, Banking, Government Services, IT & ITES, Management Consultancy, Manufacturing, Shipping and Telecom.
Functions handled: Operations (30%), IT/Consulting (25%), Marketing (17%), Engineering (15%), Finance (10%), R&D (3%)
Average age: 29yrs
The Placement will be a week-long event in Mumbai starting Feb 9th
After the Mumbai event, the process would acquire a "rolling" flavor, on a need basis, where companies can interview candidates at XLRI campus in Jamshedpur.
For more information (and request for profiles/brochure), please contact:
Srinidhi Vavle
+91 99553 27752
Ph: 91 - 657 - 398 3184/ 398 3221
Fax: 91 - 657 - 222 7814

Pre-Placement Offers at XLRI

In an impressive prelude to the annual placement season, XLRI Jamshedpur has announced a total of 57 Pre-Placement Offers (PPOs), translating into corporate invites for one-third of the batch even before signing into the Placement season.

The offers ranged across a varied spectrum of verticals – from Strategy Consulting to Investment Banking, Corporate branding to Human Capital, and Technology Management to Corporate Finance.

JP Morgan Chase, Lehman Brothers, Goldman Sachs, HSBC, Reliance Capital and Axis Bank were some of the leading recruiters in the Finance Domain who deemed it fit to offer Trading, Investment Banking, Treasury, Commercial Banking, Equity Research, Human Resources and other coveted roles to students right out of their summer internships.

The Hay Group, Ernst and Young, Hewitt, Mercer, TAS, the Aditya Birla Group and Deloitte were among the recruiters vying for a piece of the Consulting, Human Resources and General Management pie in the batch by confirming their interest in interns.

Unilever, Procter and Gamble, Asian Paints, ITC, Cadbury, and Nestle were the leading FMCG and consumer durable majors that snapped up trainees choosing to pursue a career in marketing, branding and sales.

Microsoft, CTS, IBM, and a host of systems majors were pleased to extend offers in Business Development, Human Resources, and Marketing to students.

‘’While the performance of our students was no surprise in itself, and justifies the recognition accorded by the Industry, the offers are hopefully just the beginning, and set the tone for a robust placement season’’, said Prof. Uday Damodaran, Placement Coordinator, XLRI.

In addition, with more Pre-Placement Offers yet to come in, and Pre Placement Interviews scheduled over the next few weeks, the number is likely to see a significant increase as the students enter the Lateral Recruitment Programme and Campus Recruitment Programme.

- source the XLRI News Network ;-)

Reliving the CRP

Surya has a post on CRP and why she chose her organization

By the time I came out, I was in love. I went up to the placement guy handling this commitee and told him; "If they want me, I am in. I am in love with them." He smiled ( a cute smile, I should add here) and about three hours later, told me and other three friends, that we are accepted. I smiled. I grinned. And I grinned some more when I saw one of my friends saying yes to the offer. "I like them. They are very chill people." was his response.

Am I happy now. Yes. Do I love my work? Yes. Do I love my colleagues? Yes. Will I recommend my company to you and ask you to join us?

No.

What I can do is to tell you about my company. Whether you fit in here or not, that is a decision you have to make ( and the company too).