The average salary went up by eight per cent to Rs 24.3 lakhs, reports Vinay Umerji.
The average salary offered by recruiters rose by eight per cent to Rs 24.30 lakhs a year, while highest international offer stood at Rs 58.5 lakhs in the recently concluded recruitment process at XLRI-Xavier School of Management.
XLRI said it achieved 100 per cent placements for all the 359 candidates of the outgoing 2018-20 batch of its two-year postgraduate diploma in human resource management and also for its two-year postgraduate diploma in business management.
The final recruitment process at the B-school had 108 recruiters participating, with 362 domestic and international offers.
There were 24 new recruiters.
The median salary, on the other hand, increased by 9.5 per cent to Rs 23 lakhs this year, from Rs 21 lakhs per annum in 2019.
Consulting firms continued to lead the placement process, extending 26 per cent of all offers, followed by sales and marketing (21 per cent) and banking, insurance & financial services or BFSI (17 per cent).
Overall, KPMG and Pricewaterhouse Coopers made the highest number of offers among the regular recruiters.
According to the institute, the batch also received the highest number of offers through pre-placement offers, with 43 per cent being placed via this route.
New recruiters included companies such as Arga Investment Company, Tolaram Group, M H Alshaya, Myntra, Power Finance Corporation, Delhivery, JCB, Thoucentric, Welspun, Diageo, Varroc, and CK Birla, amongst others, while PSUs included Power Finance Corporation and GAIL.
Other top recruiters in consulting, FMCG, telecom and pharma included the likes of McKinsey & Co, Bain & Co, The Boston Consulting Group, Accenture Strategy, P&G, Hindustan Unilever, ITC, Colgate Palmolive, Cipla, Dr Reddy's, Astra Zeneca and GlaxoSmithKline.
Marquee recruiters from BFSI, ITeS, e-commerce and analytics included Citibank, J P Morgan Chase, Goldman Sachs, Microsoft, Amazon, Ola, Media.net, Google, Flipkart, Tech Mahindra and TCS.
Meanwhile, Fr J Christie, director, XLRI, stated that with top companies coming for recruitment to the B-school, interest in XLRI's students has been "tremendous".
"We attribute the excellent placements this year as an affirmation by the industry of the high-standard of management-centric education that we strive to deliver to our students."