XLRI Jamshedpur prides itself on a culture that combines warmth and friendliness with academic rigour. A strong student-teacher bond (the teacher-to-student ratio is 1:9) and a sense of belonging to a community make XLRI stand out.
“The richness of life at XLRI is something most business schools are envious of,” said Roshan N. Dastur, secretary of the XLRI Alumni Association and spokesperson of the director’s office. “The unique culture that has evolved over half a century springs from its closely-knit student community where relationships that last a lifetime are formed.”
Despite a highly competitive spirit among students in the classroom, the atmosphere outside class is one of great comradeship, she added.
Ashutosh Shukla, a second-year business management student, agreed. “XLRI differentiates itself from other B-schools in the country by following a unique culture of promoting collective excellence, which creates an everlasting bond of friendship, trust and respect among (students who are) future managers and leaders of industry,” he said.
Shukla said the college had taught him to strive for excellence and work towards achieving his ambitions but at the same time “recognise the need of a social conscience”.
Pranabesh Ray, the soft-spoken dean of academics at the institute, said the XLRI ‘Social Entrepreneurship Trust’ was established to encourage and support “entrepreneurship with a social cause”. The ‘Village Exposure Programme’ had been adopted with the objective of developing leadership and team work and
“exposing students to rural India’s reality”, he said. The institute has adopted two villages for the next five years.
XLRI also focuses on business ethics. It was among the first B-schools in the country to introduce a core course on business ethics.
Madhukar Shukla, who has taught in the institute for more than two decades, said the stress is on students’ holistic development.
A typical day at the campus for a student stretches for more than 12 hours. They have to cover 41 courses in six semesters. Each classroom session lasts 90 minutes. XLRI has ISO-certified messes, and an ISO-certified library. The 24-hour library, which is open 24 hours, is one of the few libraries in Indian
B-schools to have a radio frequency identification device system in place for self-book issuing and tracking.
XLRI has achieved 100 per cent placement in the last few years.
Managing director of construction equipment firm Telcon and Jamshedpur president of XLRI Alumni Association Ranaveer Sinha said the XLRI campus was an ideal place to hire executives and also send managers for executive programmes as “it is among the best (B-schools) in the country”.
Main courses offered: 2-Year Residential MBA Programme
Course fees: Rs 9.32 lakh.
Current batch size: 340
Male-female ratio: 272 (m):68 (f)
Faculty-student ratio: 1:9
Placement season: 2010 - 4 days; 2009 - 4 days; and 2008 - 4 days
Highest domestic salary (2010): R26 lakh p.a.
Highest international salary (2010): $110,000
Average domestic salary: R14.2 lakh
High profile alumni: Jaspal Bindra, Asia CEO, Standard Chartered Bank; B. Muthuraman, Vice-Chairman, Tata Steel; Ashok Aranha, Director, e-Commerce, Ispat International
Top recruiters: McKinsey & Co., Goldman Sachs, Deutsche Bank, HUL
Fun factor: Great sports infrastructure