Bhubaneswar: The Xavier School of Rural Management (XSRM), which offers an MBA in Rural Management under Xavier University Bhubaneswar (previously XIMB-RM), had its placement process complete successfully for the batch of 2016-18 on February 5, 2018. This program provides an ‘MBA-plus’ orientation, which goes above and beyond the standard management curriculum to develop ethically responsible and value driven professionals with an extensive understanding of the rural context, communities, markets and opportunities.
The successful completion of the placement process within four months is a testament to the high-quality learning experience at the institute and the robust recruitment process that provides adequate flexibility to both the recruiters and the students. XSRM is the first school under XUB to have successfully achieved a 100% placement for the Rural Management batch of 2016-18.
The placements witnessed a multitude of roles encompassing all the sectors like Banking, Financial Services & Insurance (BFSI), Development, Consultancy, FMCG, Marketing, Commodity, amongst others, offered by the 33 companies that participated in the process. The present trend of placements highlighted a revival of financial inclusion with Agri-Finance and Micro-Finance sectors emerging as the highest recruiters, attracting about one-fourth of the graduating batch. Along with the regular recruiters of the RM program in XUB, such as AMUL, Deloitte, ICICI Bank, Ujjivan Small Finance Bank, PRADAN and Sambodhi, several new companies showed a keen interest in the batch, which was evident by the participation of some of the industry giants like Coromandel, Fullerton, Muthoot Fincorp and ORMAS, among others.
• Xuberance’18 saw the batch of 89 candidates of MBA (RM) programme participating in the placement process.
• 33 companies participated of which, 11 were new recruiters.
• The highest domestic salary stood at INR 13.75 Lakhs per annum.
• The average annual compensation stood at INR 7.67 Lakhs per annum.
• The Median annual compensation stood at INR 7.40 Lakhs per annum.
• The average annual compensation of top 20% students of the batch stood at INR 10.05 Lakhs per annum.
• The average annual compensation of top 50% students of the batch stood at INR 8.70 Lakhs per annum.
This year, the highest package was offered by the Consulting and Research sector, where highly coveted job profiles in Government, Utilities, Infrastructure and Development and Research were proposed by companies like Deloitte, Sambodhi and Quess Corp. Although opportunities from this sector were extended to 4% of the batch, the highest package of 13.75 lakhs per annum was offered by Deloitte.
Second in line, in terms of the pay package, was the FMCG domain. This sector engaged 9% of the batch with job offers coming from companies like Cargill, AMUL, and Coromandel. Additionally, the second highest package was offered by Coromandel which stood at a 10.9 lakhs per annum scale.
The highest number of job offers was made by the BFSI sector in a number of rewarding profiles in rural lending and financial inclusion to roughly 49% of the batch. Some of the major recruiters were ICICI Bank, TATA AIG General Insurance, Ujjivan Small Finance Bank, Spandana Spoorthy and Muthoot Fincorp.
Evidently, there has been an overall increase in the remuneration offered and the number of students recruited in comparison to the last academic year. A large chunk of the success of a Rural Management program is ideally highlighted by the number of students intending to opt for offers from organisations that operate at the grassroots level. This was fulfilled by some of the reputed organisations known for their operations in the development sector like PRADAN, Basix, Bihar Rural Livelihood Promotion Society, Dilasa Janvikas Pratishthan and Odisha Livelihood Mission (OLM), which recruited 15% of the batch. Further, the program witnessed allied companies within the Development landscape, like Odisha Rural Development and Marketing Society (ORMAS), Feedback Electricity Distribution Company Ltd. (FEDCO) and National Agricultural Cooperative Marketing Federation of India Ltd. (NAFED) providing offers in the Marketing and Co-operatives domain.
As far as the Summer Internship for the batch of 2017-19 is concerned, XSRM witnessed excellent opportunities this year for a batch size as huge as 111 students, with 32 companies participating in the process.
Companies across different sectors like BFSI, FMCG, Consulting, Agri Input Marketing, Policy Research, Development and Livelihoods, and Financial Inclusion visited the campus for the summer internship process. Some major recruiters were PwC, ICICI Foundation, Muthoot Fincorp, Technoserve India, PRADAN, Samunnati, Spandana Spoorthy, and Sarda Group. The highest stipend offered to the students was INR 45,000 per month, while the average stipend stood at INR 13,538 per month.
The Xavier School of Rural Management carries the same legacy of the former XIMB Rural Management stream and strives to outshine it each year. XSRM is the only school under Xavier University which organizes ‘Dholparty’ to celebrate earliest completion of 100% placement.