1-yr MBA salaries up by 25% at XLRI

The placement for the 2010 batch of the General Management Programme (GMP) at the Xavier Labour Relations Institute of India (XLRI), Jamshedpur, concluded on a high note.

The highest salary this year touched Rs 30 lakh, while the average hovered around Rs 15 lakh — a jump of 25 per cent from Rs 24 lakh last year and Rs 12 lakh the year before (2008).

The rolling placements for the one-year full-time flagship MBA programme had started in February 2010, followed by placement drives at Mumbai and Bangalore. In all, 82 students participated, with 15 on-sabbatical students joining their previous organisations.

According to sources from the institute, the response from corporate was positive, with the likes of Google, Mind Tree, SAP, Accenture, IBM, HCL, HP, Mahindra Satyam, Tech Mahindra, Wipro, TCS, Future Group, Apollo Hospitals, Infosys, Applabs, Daimler, Exide, Genpact, and Tata Motors, among others offering jobs to the GMP students.

“The salaries offered also saw a huge jump compared to last year. The highest salary offered was Rs 30 lakh, the average being Rs 15 lakh. There was an increasing trend towards hiring for senior management positions by the corporate. Some of the designations offered were those of the general manager, business unit head, state head, global leadership cadre, and assistant vice presidents,” sources said.

The placement process also saw 17 per cent students shifting sector/industry, apart from 38 per cent who changed roles. Moreover, shifts from medical practice to leading managerial roles in the health sector and conventional programming and project management in IT to business managing and consultancy were also seen.

Started in 1997, the GMP is open to students having a minimum of five years experience in managerial work.