XLRI Jamshedpur’s executive post-graduate diploma in management (ExPGDM) 2021-22 batch has defied global economic gloom in terms of salary packages.

A release shared by the country’s oldest B-school on Monday afternoon termed the placement of the 15-month full-time residential management programme ExPGDM (previously known as general management programme-GMP) 2021-22 cohort a “resounding success”.

“The placement drive for the 15-month flagship MBA programme for the 2021-22 cohort was a resounding success with 100 per cent placements achieved.

“The batch comprised 114 finest handpicked talents out of which 112 opted for the placement process,” the release said.

The release added: “We are exhilarated to share that XLRI’s ExPGDM witnessed an increase in the average CTC by 40 per cent; increase in median CTC by 41 per cent to Rs 26.56 lakh per annum and Rs 26 lakh per annum, respectively, in this campus placement season.”

The salary increase is the highest in the history of the Ex-PGDM batch of the institution.

The highest salary stood at Rs 44,74,100 while the median salary was at Rs 26 lakh.

The average salary of the top 10 per cent was at Rs 34,23,882, top 25 per cent at Rs 32,49,257 and top 50 per cent was at Rs 30,04,901.

“This time there was no Covid effect. Even when the impact of Covid was there, we had achieved 100 per cent placement. But we could see a greater hike in the salary this time. The salary hike was maximum. There were also very renowned companies that took part in the recruitment process,” a source in the placement cell informed.

The students, mostly working professionals, came with rich experiences of previously donning various hats in domains such as project management, product management consulting, marketing, software technologies, and human resource from Fortune 500 companies, Big 4 unicorns, and other leading organisations. Further, the average work experience of the cohort was six years and the average age 28 years,” the release added.

There was an overwhelming response from the industry with the likes of Microsoft, Bain and Company, Boston Consulting Group, Deloitte, Accenture, Ericsson, Virtusa, Deutsche Bank taking part in the recruitment process.

Various interesting roles were offered to the class of 2022, including senior manager, senior consultant, programme manager, product manager, business portfolio owner, global engagement manager, solution architect, business development manager.

Anam Gwaliori, general secretary of the placement committee, said: “This year, to our delight, a significant number of recruiters offered roles in the consulting, product management, strategy, business development, programme management, sales, and other leading business domains, which resonated with the aspirations of the students.

“Along with these most sought-after roles, our students were also recruited in companies that are spearheading the wave of ground-breaking technologies such as blockchain analytics.”