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XLRI or SPJIMR? Where should I go?
If you aren’t sure about the field of specialization, then you should choose XLRI. It is widely reputed for its HR program. The head HR of most of the top MNCs in India are XLRI alumni. It is more reputed and has a large alumni base. XLRI placements are better than SPJIMR. The average CTC for the institute is INR 30.73 LPA.
SPJIMR has a better placement record for Information Management and Operations, compared to XLRI.
What is the reputation of IIMs and XLRI outside India?
If you are considering pursuing higher education, you may be wondering whether a degree from a foreign university is worth the investment. Here are some points to consider:
- Indian vs Foreign degree: While having a degree from a prestigious Indian business school like IIM or XLRI can give you an edge in certain industries, it may not be enough to secure top positions in international organizations. For example, most top tech companies like Google and Microsoft have CEOs who are not from Indian business schools.
- Prestige of foreign universities: Many foreign universities are well-known for their high-quality education, research opportunities, and global networks. Some of the most prestigious universities in the world are located in countries like the US, UK, and Australia.
- Networking opportunities: Studying abroad can provide you with opportunities to connect with people from diverse backgrounds, which can help you build a global network of contacts. This can be especially beneficial if you are interested in pursuing an international career.
- Career prospects: Having a degree from a foreign university can increase your chances of finding employment in certain industries or countries. Employers may be impressed by your international experience and language skills and may view you as a valuable asset to their organization.
- Cultural exposure: Studying in a foreign country can expose you to new cultures, languages, and ways of thinking. This can help you develop a broader perspective and become more adaptable to change.
Ultimately, the decision to pursue a degree from a foreign university should depend on your personal goals and priorities. If you have the opportunity to study at a reputable foreign university, it may be worth considering the benefits and weighing them against the potential costs. However, if you are unable or unwilling to study abroad, there are still many great Indian business schools that can provide you with a high-quality education and excellent career prospects.
Which is better, the Xavier School of Management (XLRI), or the Indian Institute of Management Calcutta (IIMC)?
For HR career aspirants, XLRI is unquestionably the best in Asia; for non-HR candidates, IIMC is by far the better option.
The Benefits of IIMC Over XLRI:
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In comparison to XL, the IIM tag is more well-known outside of India.
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A larger batch means a greater number of successful alumni worldwide.
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It increases the number of marquee recruiters in finance, consulting, marketing, systems, and operations. The alum network is extremely strong in finance and consulting, including leading HR consulting firms.
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After living in Jamshedpur for two years, one can appreciate it even more because it is located in one of the metros.
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XLRI loses companies despite being a good BSchool because many marquee recruiters do not want to visit Jamshedpur, which is not well-connected.
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In comparison to some B-schools, XLRI has a lower percentage of IIT/BITS students in its batch.
The Benefits of XLRI Over IIMC
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A smaller batch size promotes better bonding among batchmates.
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Gender diversity is astounding.
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Because the majority of HR heads in respected companies attended XLRI, their placement can reach almost any company.
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Because of the small batch size, even the worst performers (purely from a placement standpoint, not academically) get decent jobs, which is not possible at any of the top IIMs with larger batch sizes.
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One of the world's largest private equity funds recruits one summer intern exclusively from XLRI every year in India, which could be a very important criterion if one has that kind of profile.
IIM Calcutta and XLRI share more cultural similarities than IIM C and IIM A or B.
Is an executive MBA from XLRI worth?
XLRI is a well-known university for the numerous management programs offered by them, though the PGDM in BM is their flagship program but the executive course is also recognized globally. It has been ranked 9th for Management by NIRF in 2019.
Below mentioned are some of the highlights of the PGDM courses offered by XLRI:
|
Particulars |
ExPGDM – Business Management (BM) & Human Resource Management (HRM) |
|
Fees |
INR 4.1 lacs |
|
Entrance Criteria |
UG Degree & XAT/GMAT |
|
Duration |
1 Year 4 months |
|
Total Seats |
20-30 |
|
Median Salary |
INR 18,00,000 |
Admission Criteria:
Executive MBA in Business Management (BM) & Human Resource Management (HRM)
- For admission in BM and HRM programs, candidates must have passed 3 years of Bachelor’s Degree exams and should have a work experience of 3 years.
Campus Placement:
- Average placement rate records to be 100%
- Top recruiters include industry giants such as Deloitte, Deloitte, OYO Rooms, KPMG, Fidelity, JP Morgan Chase, ITC, and Microsoft, etc.
- The highest package offered was INR 58.5 LPA (International), 30 LPA (Domestic) and the average package was INR 24.30 LPA.
- XLRI also gives internship opportunities to its students, under the Summer Internship Process program. Various companies such as Samsung, Microsoft, HSBC, P&G, Nestle, Uber, etc. visit the campus to recruit candidates for internships.
Future Scope:
- Alumni from this institute are not only placed at numerous companies listed under Fortune 500 but even top government organisations such as GAIL, DRDO, RBI.
- Graduates are more than fit for administrative roles from the offset such as General Manager, Brand Manager, Project Manager, HR Recruiters.
- The professional and personal development of an individual after pursuing this course paves a path for either beginning a new career or significant hike in payscale.
For the executive courses from XLRI, individual’s interest, feasibility and time management should be the final deciding factor. It is on the individual to carefully scrutinise the course in a particular college and then decide.
Will someone be eligible to apply for PGDM BM at XLRI, Jamshedpur if one has secured less than 50% in graduation?
To get into XLRI Jamshedpur, the eligibility for PGDM (BM) states that you must hold a bachelor's degree in any discipline of minimum 3 years duration or equivalent from a recognized university. Final year students can also apply. There is no minimum requirement of percentage in graduation. So, yes you’re eligible for applying.
How much does the HR from XLRI get paid? How is life after HRM from XLRI?
XLRI's HRM program is one of the most sought-after management programs in India, known for producing competent HR professionals. Graduates of the HRM program at XLRI get hired by top-notch organizations and typically receive attractive job offers.
While the salary offered to XLRI HR graduates can vary depending on several factors like job profile, years of experience, location, industry, and company, the average pay scale for HR professionals in India is around INR 7-10 lakhs per annum for entry-level roles. However, XLRI HRM graduates generally tend to receive higher salary packages compared to other business schools due to the reputation of the program and the skills they possess.
Here are some points that will help you understand life after HRM from XLRI:
- HRM is a challenging and rewarding career path. As an HR professional, you will be responsible for handling crucial tasks like recruitment, performance management, employee engagement, employee relations, compensation, benefits, etc. You'll be working to ensure that employees have a positive experience while working with the company, which in turn will lead to better business outcomes.
- As an HRM graduate from XLRI, you will have excellent opportunities for placements in top companies in India and abroad. Many XLRI HRM alumni are currently working in reputed firms such as Deloitte, KPMG, PwC, Cognizant, etc. with handsome salaries and bright career prospects.
- XLRI has a strong alumni network, and graduates of the HRM program have the opportunity to network and connect with successful HR professionals from various industries. The alumni network can help you secure new job opportunities, learn about the latest trends in HR, and build lasting relationships.
- Life after HRM from XLRI can be challenging, with a busy schedule and tight deadlines. However, the program is designed to equip you with the necessary skills and knowledge to handle such situations. XLRI HRM graduates typically have a strong work ethic, good communication skills, and the ability to manage stress, which are valuable attributes for any HR professional.
- The program is designed to develop leaders who can make a positive impact on the organization and society. As an HRM graduate from XLRI, you will have a strong sense of purpose and social responsibility, which will guide you in your professional and personal life.
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.
Is the Executive Certificate in HRM from XLRI and SHRM worthy? It's a 6 months course for 2 years experienced HR professionals.
XLRI is one of the most reputed business schools in India, and it has established its name in the industry. If you're interested in learning about the course contents, there are several resources available online that can give you an idea about the curriculum and course structure.
It's important to note that XLRI offers both part-time and distance education courses. While part-time courses are generally considered more valuable than distance education ones, it's essential to choose a course that fits your schedule and learning needs.
If you're already working in the HR domain, it's crucial to gather as much exposure and experience as possible in this line of work. Having good qualifications, along with work experience, can make a significant positive difference when looking for jobs in the future.
XLRI offers several certifications that are recognized in the industry. Two of the most popular certifications are the Human Resource Management Certification and the Senior Human Resource Professional Certification.
However, it's important to remember that certifications should not be solely associated with career advancement. Certifications are an opportunity to learn new things and gain fresh insights. The value of certification lies in the journey of learning and the community of people you meet along the way.
Having a certification can give a strong impression to your current organization and future employers that you're someone who values continuous learning and professional development.
In today's fast-paced world, gone are the days when people would learn to work. It's now more important than ever to work to learn continuously, and certifications can be a great way to achieve this.
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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