GMP 2007 - Placements

I have already mentioned in one of earlier posts that XLRI had for the first time this year offered placement to it's GMP students.
49 students, 26 participating companies and 106 offers – that pretty much sums up the XLRI GMP Placement 2007. The highest international offer was USD 100,000, the highest domestic offer stood at a whopping Rs 35 lakhs and the average salary offered for the GMP Class of 2007 was Rs 15 lakhs. Offers poured in from diverse sectors like Investment banks, FMCG, Telecom, Banking, Management Consulting, Manufacturing, IT and ITES. Firms such as ADAG Group, Atos Origin, CTS, Feedback Ventures, Godrej Consumer, HCL, ICICI, ICRA Management Consulting, JSPL, L &T, Mindtree Consulting, Patni, RPG group, Satyam, SBI Caps, Tech Mahindra, Tata Motors etc. participated in the placement process.
The Information Technology (IT & ITeS) sector lapped up 35% of the students, Financial sector 30%, Manufacturing 15%, Telecom 10%, and the remaining 10% were picked up by Consulting firms.
The placement performance vindicated the confidence that the students placed in a bold new open-format, flexible, rolling, placement-process. The slot free transparent process was aimed at finding the right organization fit for the candidates who were seeking roles of their interest. The process also offered a menu of location choices to recruiters, with the Institute bringing the entire batch of students to Mumbai for one part of the process. This facilitated an interaction between the candidates and top management of the participating organizations. The feature was much appreciated by the participating organizations especially given the fact that multiple rounds of interviews were often necessary to decide the best fit for candidates based on their prior experience, interests and organizational needs.
In the words of Prof. Uday Damodaran, the chairperson of the XLRI placement committee: “Given the care with which we selected participants for this programme, the thinking that went into the design of the programme and the quality of delivery of the programme, we were always confident of the success of the Placement Process. But the enthusiastic response of the recruiters exceeded even our own expectations. Notably so, because a significant number of participating companies even had their Managing Directors on their interview panels”.

Placement Snapshot
Number of candidates - 49
Companies participated in the placement process - 26
Total offers - 106
International offers - 2
Average Salary - 15 Lakhs
Highest International Offer - 1,00,000 USD
Highest domestic offer - 35 Lakhs INR
Number of offers per candidate - 2.16