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How good is business management in XLRI?
Business Management in Xavier School of Management is a good option. It is somewhat better than other business courses in certain aspects. But according to my friend studying there, every institute has its pros and cons. According to him, these may include -
Advantages:
- An excellent alumni network.
- The interview panel always includes 1 or 2 members of XLRI.
- Academics are excellent and almost as good as in IIMs. They provide a rigorous curriculum.
Disadvantages:
- Located in Jamshedpur, with no airport in the city. This is a huge flaw that affects the placements of students.
- XLRI gets more attention to its HRM courses which others are not highlighted much.
- Marketing only receives good placements. Followed by Finance and Operations. Others do not get much focus.
|
Categories |
Business Management at XLRI |
|
Course Fee |
23.60 lakhs |
|
Placement Percentage |
80% |
|
Highest CTC |
30-40 LPA |
|
Average CTC |
23.5-25 LPA |
|
Median CTC |
15-18 LPA |
|
Recruiting Companies |
Accenture, American Express, AgroTech, ABB, etc. |
Therefore, even having several advantages and few disadvantages, business management at XLRI is definitely an excellent option for students interested in MBA.
Why is JBIMS and not IIM A or XLRI, known as the “CEO Factory of India”?
It can be affirmatively stated that JBIMS is considered one of the best business schools in India. The trio of IIM A/B/C holds a distinct brand value compared to other top colleges in the country and globally. The brand recognition and respect of the IIM institutes have increased due to its status as an "Institutes of National Importance" and the widespread accomplished alumni base both in and outside of India.
JBIMS boasts an impressive list of notable alumni, including Vinita Bali, the Managing Director of Britannia, Lalita D. Gupte, Chairperson of ICICI Venture Funds Management Company, and Chanda Kochhar, Managing Director & CEO of ICICI Bank, India, just to name a few. Moreover, the Managing Directors and CEOs of some of India's largest companies such as ICICI, HUL, Kotak Mahindra, and Piramal are alumni of JBIMS.
How much do profs like L Gurunathan from XLRI earn from their guest lectures at IIM Ahmedabad?
Any visiting professor or faculty member, like L Gurunathan from XLRI, is paid on an hourly basis. It is rather a fair amount to share. For a full credit 30 hour course, a professor like him can be paid anywhere from Rs. 8,000 per hour to Rs. 15,000 per hour. Generally, new IIMs pay a lot higher than what old IIMs pay, which somehow can be anticipated.
The best guess still remains to be around Rs. 10,000 per hour or a whole 3 lac, if the professor invests for a full credit course. Other than that, if you wish to know how L Gurunathan in XLRI is known to be, then read the progression.
L Gurunathan had taught Comp. and Benefits in the Talent Management course online offered solely by XLRI - VIL programs to my younger cousin alongside other students, and as he reports, his vantage point isn't likely the best. Students comparatively arrive with basic industry knowledge, but his attitude towards them doesn’t remain smooth at all. It is something to consider.
He also, over time, has failed providing students important notes, handouts or book suggestions, unlike many other professors. Students have often come up saying that his indifferent behaviour has led into not sharing better information of Comp. and Benefits which rather is a very technical subject itself.
He is somehow infamous for not teaching the proper structures of a topic. He teaches what he thinks about, which practically can be chaotic, if not followed a pattern. The story however does not end there. L Gurunathan, when asked for various case studies or book suggestions, directly moves into denial, saying that his teachings on the topic are strictly based on one.
What is the minimum percentile that a Non-Christian should have to get into XLRI for MBA through XAT?
XLRI doesn't have any kind of religion-based cut-off nor any reservation on caste-based. As XLRI is one of the most reputed colleges in India, the percentile required for non-christian is the same as for a Christian candidate.
Cut-off depends totally on the performance you have done in your exam. Above 90% is required to appear in GD and PI and after that, you get your seat. No institute has based cut-off based on religion, castes in the world.
In the Indian education system, no one can bias on the behalf of any caste, religion, sex, it all depends on your performance and your outcome will tell your future. Don't think about anything just focus on your studies make a strategy and implement it if you want to crack your exam.
Can I get into XLRI with 47% in graduation, but pretty good scores in 10th & 12th? I also have 2 years of work experience. What if I manage to get 99.9+ in the XAT?
If your score is good in XAT, you will get the call. It is also good because the marks have a good amount of weightage in the final selection.
Most probably, you will be questioned if you have low grades in any of the examinations and all you need to do is, just satisfy the interviewers and prove to them that you are a good candidate and this would be enough to get you through.
If you have a score anywhere above 99.9 Percentile, you will get a call from XAT. You are much more than your mark sheets and XLRI values such things which are beyond scores.
What should I do to clear the GD/PI of XLRI Jamshedpur for HR? Assuming that I have plenty of time to prepare, what should be my strategy?
Group Discussion (GD) will be different from a regular topic-based GD, as it will be ranked-based. In this type of GD, a list of activities will be given to the group, and the members will have to come to an agreement about the importance of each activity. This type of GD does not require specific knowledge on any topic but will require strong communication skills to participate effectively.
Since everyone in the group will have to chime in to speak, there is a high probability that the discussion could become chaotic and disorganized. This should not allow you as a candidate to give up on contributing to the discussion as this will negatively affect the panel’s perception of you. Keep trying to engage with the discussion in a polite manner.
Interview - The type of questions that can be expected in the PI can be about why the candidate is interested in HR, why they want to do an MBA, and why they want to do it in XLRI. You can also be asked about your educational background and work experience, as well as about how you'd react to hypothetical situations. The key to handling this kind of probing is to remain calm, keep a smile on your face, and not let a single bad answer affect the entire interview.
How are the placements for engineers with no work experience at the IIMs, FMS Delhi and XLRI?
The two most important factors considered by recruiters during Placements at IIM ABC/FMS/XLRI are
- Brand of UG College - SRCC/Old IITs/BITS/CA
- High Academics - University RankHolders, City Toppers in Boards, or at least Department Rank Holders with 8.5+ in Engineering.
MBA scores are of much importance during Final Placements but are Not available during summer placement.
If you have passed the above criteria, you are most likely to land any job. Still, I have segregated the roles that require work experience and the roles that do not.
Roles that require work experience
- Operations/Supply chain/product management.
- Any role will require work experience if your above 2 criteria are not up to the mark.
Roles that do not require work experience
- Consulting
- Investment Banking
- PE/VC
- Marketing
- Corporate Finance roles
So most of the jobs do not require work experience. Even if they do only non-engineering work experience is of value unless you want to go into Operations/Supply chain/product management.
Which are the dream companies for an XLRI HRM student?
A dream company depends upon your choice and where your interest lies. Typically, HR Consulting, IR, Manufacturing, or Line HR Roles are more popular.
- If you are interested in HR Consulting then Hay group, Accenture consulting are considered a dream as both of these companies pay significantly higher than other companies like Mercer or Hewitt.
- If your interest lies in IR or Manufacturing then FMCG companies like P&G, Unilever, ITC, Asian Paints, etc should be your dream companies.
- If you are interested in Line HR or corporate HR only then Novartis, Stan Chat, Microsoft, or other big banks and the Software or product based companies etc. are considered dream companies. Novartis offered their position in Switzerland so it was a dream for many students.
Despite this, some students may be more interested in joining startups and building systems from scratch than in joining existing companies.
What percentage of questions does one need to answer to clear XAT and get admission in XLRI or XIMB?
There is no definite percentage of questions you need to clear in order to secure yourself a seat in XLRI or XIMB. The obvious answer is every year the question paper difficulty level varies and so does the percentile cutoff.
Simply, your chances of getting a seat in both these institutes purely depend on your percentile just like JEE-Main rank is the criteria for national-level institutes.
My friend took admission in XIMB in 2018, the scores of their batch were between 56.5 to 89 out of 150. Here the person scoring has 100% percentile whereas the person getting 88.5 will be close to 99% percentile. Hence, the percentile cutoff varies each year.
For example, for admissions in 2019, the percentile cutoff was:
- XLRI Jamshedpur: BM – 91.25, HR – 88 (With Sectional Cutoffs)
- XIM Bhubaneswar: 94 (With sectional Cutoffs)
Here are few tips to secure a high percentile in these exams:
- Focus on the accuracy of your answer. Do not just beat around the bush or select an answer which doesn’t hit the accuracy.
- Try to solve at least 60% of the total questions. For the rest, you can solve the ones you know properly.
- Always aim for the highest mark, you never know if you are the one having a 100% percentile.
Therefore, thinking about percentile cutoff is in vain until the results are out. As the cutoff will totally depend on your performance, it is best recommended to focus on your performance in the exam. After all, your success depends on your hard work and fervour towards your goal.
How much do the top B-schools like the IIMs FMS, MDI, XLRI, SP JAIN, JBIMS, IIFT, and NITIE inflate their placement reports?
In the placement process, it is not always the B-Schools that are responsible for reporting inflated packages, but rather the companies. The figure reported by placement cells is referred to as the "Cost to Company" (CTC) and not the take-home salary. This means that simply dividing the CTC by 12 is not an accurate reflection of what you will receive in your bank account each month.
CTC consists of two main components: fixed and variable. The fixed component includes your basic salary, HRA, TA, LTA, employer's contribution to the provident fund, joining bonus, retention bonuses, and ESOPs. The variable component is based on both your performance and the company's performance and is paid out in lump sums either yearly or half-yearly.
Your take-home salary at the end of each month is calculated as basic salary + HRA + TA + other allowances - provident fund deduction - tax. The remaining amount is given to you at the end of the year. To illustrate how companies may inflate their CTC figures, here are a few examples:
- Amazon:
Fixed component: 9 lakhs
Year 1 end retention bonus: 2 lakhs
Year 2 end retention bonus: 1.5 lakhs
ESOP: 5 lakhs to be paid over 3 years
Performance bonus: separate/not reported CTC: 17.5 lakhs
Take-home salary: 65-70k
- Goldman Sachs:
Fixed component + Variable component: 14.5 lakhs
Relocation: 2,00,000 INR (one-time payment)
Supplemental Salary: 3,50,000 INR (supplemental salary is an accrued bonus paid out in monthly installments pro-rated from the date of joining, only applicable during the first year of joining)
CTC: 20 lakhs
Take-home salary: 95-98k
- RBS India Development Center (Royal Bank of Scotland back-end):
Fixed component: 9 lakhs
Variable component: 10-20% of a fixed component
CTC: 10.8 lakhs
Take-home salary: 65-68k
As seen from the examples, despite Amazon having a CTC that is double that of RBS IDC, their take-home salary is the same. This is the typical way it works. The placement teams likely do not have much control over the process.
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