XLRI is one of the best management institutes in the nation for Finance. I have a few friends at the institute and they vouched for the course. Here are a few reasons why XLRI is a pretty good option for an MBA in Finance.
Some marquee firms visit the campus for placement drives with good roles. But it is after all an HR and Sales, Marketing campus.
There are various parameters through which it can be measured whether XLRI is worth it or not.
Money: You will be able to appreciate it more if you consider network and learning a part of it. About 200 students cannot afford the fee and must take out a loan to pay it to find it well worth it.
Time: There is also an opportunity cost involved. It's worthwhile if you believe that peer learning and classroom learning are a good use of time.
Effort: The true worth of your efforts becomes clear only after you see the results. Every year in XL, over 500 people recognize that value and trust their experience, and another group of students embarks on the same journey to discover their own.
Sacrifice: At various ages, people make various sacrifices in order to pursue their XLRI dream. Some postpone a wedding, some drop out of their campus placement, and some resign from a job they're not sure about. This has less to do with XLRI and more to do with the decision to pursue management.
You can't go wrong with XLRI if you believe a Management course will make a significant positive difference in your life.
Although choosing a course just based on placement records is not a good idea, there are some insights you must know before deciding.
All in all, placements won't secure your future in any way if you choose a field where you aren’t interested.
For admission XLRI looks at the overall profile of students and not just on the academic record or XAT percentile. If you have done exceptionally well in other avenues of life, such as if have excellent extracurricular, or notable achievements in sports, then you can get shortlisted.
Since your academic record is poor, try to be in the top 5% in XAT, to maximize your chance to get shortlisted.
The Xavier Institute of Management (XLRI), Xavier Institute of Management and Entrepreneurship (XIME), and Xavier Institute of Management, Bhubaneswar (XIMB) are all well-respected colleges that share a common heritage. All three were established by the same Jesuit society and have a strong connection to the Xavier or Loyola name. Another commonality between these colleges is that they all use the XAT exam as a selection criterion for their MBA programs.
Additionally, it is not uncommon for faculty members to move between XLRI, XIME, and XIMB. Despite these similarities, it is important to note that each of these colleges has its own distinct functioning and separate placement processes. It's important to research each of these colleges independently to understand the unique opportunities and resources each of these colleges offers.
On considering the location of XLRI alumni, you will find that 81% of the alumni are located in India itself.
XLRI is a choice of many reputed companies for campus placements. These hiring companies include Accenture, IBM, and TCS among others. Accenture is the leading recruiter with approximately 170-175 hires. Followed by IBM as the second and Cognizant as the third high recruiting company from XLRI. Infosys and TCS follow their lead and have hired many such talented graduates from here.
Based on the XAT exam trends in the past few years, a low score of 35 in XAT 2020 mostly leads to a high percentile. XLRI XAT cut-off is likely to be around 96 percentile for the flagship PGDM-BM program.
A low score of 33-34 in XAT 2021 will lead to high percentile experts have predicted this fact based on the trends in the XAT exam over the last many years.
The cutoff for the previous academic year 2020 for all different categories is given below:
XAT sections | Male | Female |
VALR | 74 | 72 |
DM | 78 | 74 |
QA | 85 | 75 |
Overall | 95 | 93 |
For the BM course in XLRI, the safe score considered is 35-37 in the XAT exam. In terms of percentile, a 95+ is safe when backed up by the preferable XAT score. It then increases the chance of getting selected in the XLRI BM course without any hassle. For the year 2021, a slight raise may be expected but it is not sure to be considered.
XLRI mainly runs three courses and takes students according to different scores in each of them.
Business Management (BM):
Human Resource Management (HRM)
GMP:
All in all, you need a minimum of 90+ percentile in XAT whether you apply for Business Management, Human Resource Management, or GMP and a minimum of 85 percentile for the sectional cutoff. The lowest XAT percentile which got accepted in XLRI to date is 92 percentile.
I’ve got a few friends who graduated from these colleges, according to their experience, the key to any choice is whether you are comfortable with it or not.
XLRI has by far the best faculty in HR in Asia. Some of the professors have made frameworks taught across the world.
Almost every alumni from XLRI is an HR in a great organization in a great position is from XL. Your career progression would be very very fast. Once you join XL, there is no going back. Although you can switch from HR to Sales/Marketing, later on.
Seeing the other side of things, IIMK is a world-class institution offering the standard PGP course in General Management that all IIMs offer. As compared to HRM, there is a wide variety of specialization from operations to marketing to finance and consulting. The decision can be made post the first trimester with the help of seniors and faculty who are well versed with the ins and outs of every field.
Another important question is about switching from one function to another. Yes, it is possible to switch from HR to another function but the expectations would be on the lines of HR to Sales & Marketing because of the similarities in the work that both of these functions do.
HRM is not all about transferring people or paying salaries, etc. It’s how to leverage the human resource of an organization strategically to provide a competitive advantage. This is what HRs from XLRI are expected to do in their respective organizations.
To summarize, go for HRM if interested in the field. If you’re not yet sure about what else to do, go for IIMK and make the choice later.
The admissions team wants to admit a diverse set of students. There is no preferential treatment to engineers. Don't assume that admissions decisions are made in a fixed percentage or quota. Each application is looked at individually.
But I can tell you what profile of graduates has gotten into HRM from the past three years alone. Here's a list of the most popular degree programs of people who got into HRM.
Pharmacy graduates | BBA, BBS Chartered accountants |
Psychology graduates | Medicine, and dental graduates |
Graduates from basic science like Physics, Chemistry and Maths | Literature and language graduates |
Social Sciences graduates | Graduates in Communication |
Even if you have a different profile that is not mentioned in the above-mentioned list, it does not matter. The fact that these people from so many different backgrounds got into XLRI, states the fact that the program is open to all. So, concentrate on doing well in XAT, and the rest should fall into place.