XLRI- the oldest business school in India is an adobe for HR education in India. Its BM programs also hold a strong suit making it one of the highest-ranked Management institutions in India. In 2020, XLRI inaugurated its 2nd campus in Delhi-NCR. Currently, XLRI’s Delhi campus only admits students for the PGDM-BM program.
Through the 2023 XLRI Summer Internship Process, the institute placed its largest-ever batch of 591 students across its two campuses Jamshedpur and Delhi including both courses- HRM and BM. The Platinum Jubilee year has been a success for the institute. XLRI follows a semi-cohort system that provides a flexible placement process, for the students and recruiters.
In this article, we have summarized the 5-year summer placement statistics for the Institution. The data is inclusive of both XLRI campuses. It follows compensation data, companies recruiting from the campus, and sector-wise data on placements.
Compensation Metrics - Year Wise
- Highest Stipend provided has remained stagnant over the last three years. After the pandemic, it saw a jump of 40% in 2021 SIP.
- Out of the 5 years, we have data for, the highest stipend is in the BFSI Sector and is offered predominantly by JP Morgan and Chase.
- The median stipend for the batch has increased by about 10% every two years.
- The average stipend has seen a fluctuating trend. It has decreased in both years of economic crunch- 2020 (pandemic) and 2023 (current scenario) by 9%.
Placement Figures for the Top %tile of the Batch
Key Insights:
- The compensation for top-performing students of the batch has improved YoY with at least a 5 % increase.
- In 2023, 84% of the 2023-25 MBA batch received at least 1 LPM, a sharp decrease of 12% from the 2022 figure. For SIP 2022, 96% of the MBA batch of 2022-24 drew at least 1LPM as a stipend.
Sector Wise Highlights
- Placement figures for SIP 2022, 2021 & 2020
Key Insights:
- Hiring from IT and E-commerce has declined in 2022. The major reason could be the hiring crunch in IT companies globally.
- There has been a shift of students in XLRI, going for Consulting and Advisory roles. It has seen an increase of 13% points from 2020 to 2022.
- Firms under ‘Others’ include:- Manufacturing, Media & Entertainment, Automobile, Biotechnology, Telecom, Transportation, etc.
Note: Sector-wise split information is unavailable for the 2023 & 2019 SIP.
For Year 2022 FMCG also includes placements in pharmaceuticals.
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- Companies Making Top Offers in Each Sector: 2023 & 2022
3. Positions Offered Across Sectors
| Sector |
Roles offered |
| HR |
Learning and Development, Talent Acquisition, HR Consulting, HR Analytics, and HR Manager. |
| IT/E-Com |
Product Management, Operations, Marketing, Program Management, General Management and Human Resources |
| BFSI |
Front-end Investment Banking, Markets, Corporate Banking, Wealth Management, Equity Research, Debt Market, Sales & Trading, Hedge Fund Buy Side roles and Retail Banking |
| FMCG |
Strategy, Digital Marketing, Sales, Brands, Brands Product Supply, Operations & Supply Chain, Procurement, Finance, IT, and Human Resources |
*According to 2023 and 2022 data.
No. of Firms, Offers, and Batch Size
Note-
- No. of recruiters data is not available for 2021.
- For 2021 and 2019, ‘No. of Offers Made’ data is unavailable. Instead, “No. of offers accepted’ data is used.
- In 2020, 5 students opted out of the placement process, and 2 students interned without any stipend.
- The number of offers made has always remained more than (or equal to) the batch size except for the pandemic year.
- A similar trend is observed in the number of recruiters visiting the campus. For 2023, 63 new companies visited the campus. 41 and 11 new companies participated in SIP in 2020 and 2019 respectively.
Limitations of the report:
- Inconsistent data types: A few metrics have been unavailable for some years.