New Delhi: A student of XLRI Jamshedpur bagged highest salary offer of Rs 13 lakh (Rs 1.3 million) per annum from McKinsey in its placement for 2006 batch.
Last year's highest domestic offer of Rs 12 lakh pa was made by Boston Consulting Group (BCG). McKinsey recruited three XLRI students with the highest offer followed by Hay Group, Accenture Business Consulting and HSBC Bank. More than 25 students were offered salaries above Rs 10 lakh pa.
The average salary offered to 186 students, both from the Business Management (BM) and Personnel Management and Industrial Relations (PM&IR) courses was around Rs 8.4 lakh pa, 13.51 per cent higher that last year's average of Rs 7.4 lakh pa.
IBM, Cognizant, Goldman Sachs Equity Research, Ernst & Young Human Capital, ICICI Prudential, Hewitt Associates and Nokia were amongst the major players who recruited around 85 XLRI graduates.
Capgemini Consulting, KPMG Consulting, SAP America, Nokia, Oracle and Virtusa were few among the nine new entrants for the placement 2006.
FMCG sector showed its dominance in this year placement with major names like Asian Paints, Cadbury, Coca Cola, Colgate Palmolive, HLL, ITC, GSK, Marico, Nestle, Pepsi, Reckitt Benckiser and Seagrams.
Around 27 per cent students signed out with offers from FMCG and manufacturing firms. The banking, finance and insurance sector has been the favourite sector amongst the students. Around 26 per cent of the students opted for offers in these sectors. Another 21 per cent opted for consulting firms.
Besides the top banks like Citibank, HSBC Bank, ICICI Bank and Standard Chartered Bank, new entrants list included Lehman Brothers India and Goldman Sachs Equity Research.
The insurance sector, represented by AIG and ICICI Prudential picked up 11 students. The number of lateral offers made was 82 out of which 53 candidates were offered pre-placement offers and another 18 were offered pre-placement interviews.
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