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What should be the preference, XLRI Jamshedpur or Delhi? Would XLRI maintain equal placements & faculties as the IIFT maintained? Can we get an educational loan for the XLRI Delhi campus?
When comparing XLRI Jamshedpur to the other two institutions, XLRI-Delhi and IIFT-Delhi, it is generally considered that XLRI Jamshedpur is the better option. The XLRI Delhi campus is relatively new, with its first batch starting in 2020, and the institution is working towards making it as successful as the Jamshedpur campus. However, IIFT has been able to maintain the same level of quality at its Kolkata campus as it has in Delhi and students in Kolkata have received similar placements as those in Delhi. It is hoped that the same will be true for XLRI Delhi in the future.
In terms of overall comparison, it is suggested that XLRI-Jamshedpur is better than IIFT-Delhi. However, if you are specifically comparing between XLRI-Delhi and IIFT-Delhi, it is suggested that IIFT-Delhi may be a better option. It's important to keep in mind that this order is based on personal opinion and you should conduct your own research and weigh your options before making a decision.
What are BM and HRM in XLRI?
XLRI Jamshedpur has been ranked 1st for Management programs by NIRF amongst the private institutions of the country. It offers PGDM programs in BM and HRM, which are Business Management and Human Resource Management respectively, that are two-year full-time programs.
Admissions:
|
Particulars |
PGDM in Business Management |
PGDM in Human Resource Management |
|
Total seats |
180 |
180 |
|
Fees |
INR 23.60 L |
INR 23.60 L |
Curriculum:
PGDM BM:
- The curriculum is designed to cover both core and foundation subjects with respect to business.
- It offers conceptual and analytical understanding by combining management theory and practice.
- The course structure is constantly evolving to provide students with the most updated industry trends.
PGDM HRM:
- It has a focus on core subjects like HR Information systems, HR planning, Performance management and Training and development.
- It also includes courses in the functional areas of management with a mix of open elective in a wide variety of subjects.
Placements:
PGDM BM:
- It offers a 100% placement rate with a highest CTC of 40 LPA while offering a median CTC of 21.4 LPA.
- The major recruiters are ABB and Accenture, Bloomberg, E&Y, Bank of America.
PGDM HRM:
- Average placement rate has been around 90% with the highest CTC of 35 LPA and an average CTC of 17 LPA.
- The top recruiters are AgroTech and Airtel, Amazon, American Express.
Both these specializations are highly ranked by both national and international authorities. Business Management is its flagship course, but faculties of all courses are highly qualified, few being advisors to RBI, World Bank and UN. It is on the individual to carefully choose a course after comparing all factors and work diligently to excel in that field.
Who are some of the notable HR alumni of XLRI?
One of my friends was a former student of XLRI. Here is his input about some of the XLRI alumni in Human Resource Management who have obtained top positions in several companies,
- Abhijit Bhaduri: Former HR Director of PepsiCo International, and Chief Learning Officer at Wipro
- Anil Jalati: CHRO Capgemini India
- Aquil Busrai: Executive Director HR of the IBM Group
- Gautam Ghosh: Director of Talent Branding in Flipkart; well-renowned blogger
- Gurveen Singh: Area HRD, Developing Market, RB
- Kaizad Sethna: VP Group HR at Tata Sons Ltd.
- Krish Shankar: Group Head of Human Resources at Infosys Bengaluru Area
- Leena Nair: Chief HR Officer at Unilever
- Manoj K Sinha: VP of HR IDEA CELLULAR LTD (East)
- Nidhi Kajaria: Head of Human Resources for International Banking & SME. Head of Compensation & Benefits
- Prabir Jha: Global Chief People Officer at Cipla
There are several others to name, like R Sridhar (Executive VP), Saurabh Govil (Senior Vice President), Varadarajan Srinivasan (CHRO & Head of Corporate Affairs), Vivek Tripathi (CHRO), Sonali Roy Chowdhury (HR Director).
Besides HRM, courses like Marketing, Finance, and Operations also saw various alumni that are at the top level of Fortune 500 companies. Some among many have inaugurated their own start-ups and have also made successful products.
In a XLRI HRM program interview, do they ask why you want to make a shift to HR after having 3+ years of work experience in the IT industry?
This is one of the common questions asked in an MBA interview. Generally the question “Why MBA?” encompasses all these. They may twist this question slightly according to your background.
These questions are frequently asked to gauge what is your thought process behind choosing an MBA. They want to know if you have given a deep thought about it and how you can convince the interviewer.
Secondly, they want to understand why you made this choice. The work you have done to date and the career trajectory you took, how it was good for you and how doing an MBA might be a good idea for your career progression. The more concrete and personal reasons you have, the more convincing it is both for you as well as for the panelists.
So, definitely pick some good reasons from your work experience and why it convinced you to pursue MBA in the HRM program. First, convince yourself and if you can, you can definitely convince the interviewers.
Are the new IIM's good enough to compete with the older ones? Are they better than XLRI or FMS?
The new IIMs still have a long way to go and it will take several years for them to reach the level of top B-Schools like XLRI and FMS. It would take them a long way to reach there. It’s only after joining a B-School, that you realize a B-School is as good as its alumni. Top B-Schools have a large alumni base occupying executive positions in top MNCs. This in turn improves the brand value of these institutes.
Additionally, there are several companies that visit only the top 4-6 B-schools for summer and finals. Once you conduct in-depth research you will realize how many CHROs & CEOs are from XL and FMS. New IIMs would have to struggle hard to reach that level. Companies have a fixed pattern for recruitment for summers and finals. They stick to the same pattern and thus visit the same institutes every year. This is exactly why companies go through the immense struggle of visiting a remotely located institute like XLRI because they are sure of its worth and credibility.
What are the best HR certifications for someone who holds a 2-year MBA degree from XLRI and has 4-5 years of experience in HR?
Since you already have 4-5 years of experience after pursuing your MBA, you will not require any HR certification. You can pursue the following courses and certifications for your own satisfaction. Focus on one project and program which will be beneficial for you in the future.
- You can try for certifications from SHRM, CIPD, DTD, ISTD, and ASTD (American Society of Training and Development).
- There is a Mercer Consultancy, a Japanese firm that runs various certification programs for HR professionals like HRIS and Compensation. You can have a look at them.
- GE also organizes project programs for its employees. It is also available for outsiders so you can have a look into them.
- You can also try OD consulting programs conducted by some firms.
- Try certification programs from XLRI and TVLRS learning systems.
- There are some short-term programs conducted by CCL (Centre for creative leadership), Aberdeen institute, etc. You can also check them.
You may explore the coaching, leadership development, executive development programs, and business counseling conducted by various organizations.
Could anyone please give some estimation of the total fee of XLRI Jamshedpur including the hostel and mess fee in the present year?
My elder brother is an alumnus of XLRI Jamshedpur so he can hopefully answer your question to your satisfaction.
Most of the top-tier B-schools have a similar fee structure. For the 2021 batch, the fees for various courses are listed below:
|
Programs |
Fee Structure |
|
PGDM BM and HRM |
11.80 Lakhs per annum |
|
Executive PGDM (General Management) |
20.95 Lakhs |
|
Executive Fellow Program in Management |
9.50 Lakhs |
|
Part- time PGDM (BM) |
4 Lakhs per annum |
The hostel fees for both female and male students at XLRI Jamshedpur are as high as 90,000 INR. The monthly hostel fee is 2,000 INR.
How different is PMIR from the BM course as offered by XLRI?
Xavier Labour Relations Institute or XLRI is located at Jamshedpur, Jharkhand. For the year 2020, XLRI was ranked 9th by NIRF in the Management category.
The HRM (Human resources management) program was formerly known as the PMIR program. BM (Business Management) program is different from HRM with respect to the contents of the course curriculum. At XLRI, a total of 360 seats are available for HRM/BM.
Admission
- A valid score in XAT is required for admission in the programs along with graduation in a relevant field.
- For the year 2020, the XAT cutoff for PGDM HRM and PGDM BM was 94 and 96 respectively.
- The fee structure for both PGDM HRM(formerly PMIR) and PGDM BM is INR 11.8 lakhs for a 2 year- course.
Additional Information
- At XLRI, students are offered scholarships of Rs. 1.75 LPA.
- There is a 5% relaxation in total aggregate marks for SC, ST, and OBC candidates.
- An overall relaxation of 10% is given to SC, ST, OBC, and women candidates.
Academics
- HRM (formerly PMIR) course aims to impart skills related to the management of HR to students like Human Resource Planning etc in a manner that is contributing to the overall development of organizations and individuals.
- BM course aims to inculcate a conceptual understanding of current management theory with respect to Indian and international business.
Placement:
- XLRI has an Alumni base of more than 16,000. It has tie-ups for exchange programs with over 15 international institutions.
- In the year 2020, the IT/ITES sector recruited 30% of the total students, becoming the largest recruiter for the college.
The table given below shows the placement statistics of the institute:
|
Aspect |
XLRI |
|
No. of students placed |
90 |
|
Major recruiters |
KPMG, PricewaterhouseCoopers, Accenture, Microsoft, Amazon, P&G. |
|
Highest Domestic CTC |
INR 26 LPA |
|
Average Domestic CTC |
INR 15.42 LPA |
|
Highest International CTC |
INR 58.22 LPA |
Campus Life -
- XLRI has an Interdisciplinary Behavioral Lab, designed specifically for the study of human subjects.
- There are many extracurricular societies and Interest groups like Dracula, SIGMA - Oikos, AXIOM, Bodhi tree, CEASE, etc.
As can be observed from the facts listed above, the primary difference between HRM and BM courses lies in the contents of the academic curriculum followed. Courses should be selected according to the skill needs of the student.
Is XLRI Jamshedpur at par with the top 3 IIMS (A,B,C)?
XLRI is a prestigious B-school in India and is consistently ranked among the top business schools in the country. In 2022, its NIRF ranking was 8th, behind BLACKI and IIT Delhi. You should keep in mind that the criteria for these rankings may be different from what a student actually considers while selecting his preference.
Many consider it to be on par with the three renowned IIMs (A, B, C). XLRI's HR course is highly regarded. It has a batch strength of 177, ensuring a better student-to-faculty ratio, which is seen as an advantage over the IIMs. So while people’s perception may be that IIMs are better, the industry doesn’t consider it to be very far off.
Do investment banks recruit from XLRI Jamshedpur?
They do, indeed. XLRI does not have as many IB recruiters as IIMs A, B, C, or L, but there are still plenty of them.
Internships and permanent positions in Investment Banks are available throughout the year. They are highly sought for by students who have an interest in finance and pay far above average. Only BM students are eligible to apply for the posts.
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