XIM-B placement noticed nominal hike in average salary

Xavier Institute of Management, Bhubaneswar (XIM-B), one of the top B-Schools of the country, has recently completed its placement session for its flagship Postgraduate Diploma in Management-Business Management (PGDM-BM) programme. The average salary this year has noticed a marginal hike of 2.23 percent as compared to last year.

The average annual salary offered to students of 2012-14 batch was Rs. 12.08 for the stream, which was marginally high from Rs. 11.81 lakh offered to last batch, even the premier institute continued to record 100 percent placement.

XIMB Director Paul Fernandes said, “Due to the slowdown, the companies are holding up recruitments and probably are waiting for the elections to be over to kick start the hiring process. They are not hiring and increasing packages as they used to do before and are cautious. We are hopeful the market will open up after the elections.”

Nearly 54 companies participated in the annual placement process, “Xuberance 2014”, to select students from PGDM stream, 18 companies were new which visited the campus to recruit the talent. Three candidates from PGPM-BM and one from PGDM (Rural Management) have bagged international offers.

Consulting sector ruled the placement session and 38 percent of the students chose this sector. Marketing captured nearly 22 percent, followed by systems with 19 percent and strategy and operations with eight percent. Finance stream languished at the bottom f the hiring table accounting for only 13 percent.

Jakarta based firm Kadence International offered the highest package of $ 40, 750 a year in global job category, while the highest domestic salary offered was Rs. 18 lakh per annum.

Some big names which participated in the placement process were Cognizant, Hindustan Coco Cola Beverages Private Ltd., Deloitte, PwC, Dr Reddy’s , Tata Steel, new companies Accenture, HP, Hyundai, Axis Bank, Hero Motocorp. Similarly, all the 59 outgoing students of 2012-14 of PGDM are placed with an average annual compensation of Rs. 10.7 lakh. The highest salary was Rs. 18 lakh per annum offered by Godrej and median annual salary was Rs. 9.55 lakh.