The average stipend for the Summer internship at XLRI - Xavier School of Management increased by 12.15 per cent this year to touch Rs. 1.2 lakh per month from Rs. 1.07 lakh per month in 2018. Incidentally, the median stipend offered too was Rs. 1.2 lakh per month while the highest stipend stood at Rs. 2.5 lakh per month which was offered in the BFSI sector.
All the 361 students were placed among 86 participating recruiters, including 11 first-time recruiters like Bain & Co, Amazon, NIIF, PhonePe, Udaan, Shell, Diageo, Ola, Adani, Rupeek, Kornferry and others.
Consulting firms extended offers to 16 per cent of the candidates, sales & marketing and the BFSI sector constituted 40 per cent and 17 per cent of the roles offered to Business Management students respectively.
Other roles included niche functions in analytics, product management, business development, brand management and strategy.
However, it was the e-commerce segment, led by Amazon, which saw the highest jump in intership offers and incidentally, Amazon made the highest number of offers amongst the regular recruiters such as The Boston Consulting Group, Microsoft, P&G, Aditya Birla Group, ITC, Nestle, Hindustan Unilever, Mondelez, Mahindra & Mahindra, Citibank and others.
“This has been a good year for summer recruitments. The XLRI brand has raised the bar for placements in B-schools in the country”, P. Christie, director at XLRI- Xavier School of Management, said.
Primarily known for producing professionals specialising in the HR field, such roles were offered by firms like P&G, Mondelez, Nestle, RB, Colgate Palmolive, RPG, Accenture, ITC, Udaan, PhonePe, Reliance, Ola, Bajaj, Coca Cola, CISCO Mars and others. HR roles offered also included recruitment, HR consulting and HR analytics.
Consulting was a big draw this year with firms such as The Boston Consulting Group, Bain & Co., AT Kearney, Accenture Strategy, EY, PWC, Kornferry, KPMG, Aon and others participating in the process.
In the BFSI space, companies like Citibank, J.P Morgan Chase, Goldman Sachs, Standard Chartered, NIIF, RBS, DBS, Axis Bank & Axis Capital, ICICI and others offered interships to the students.
The roles offered in the BFSI space were front-end investment banking, global and corporate banking, wealth management, global markets and retail banking.
From the FMCG, Telecom and Media fields, P&G, Hindustan Unilever, Nestle, Mondelez, ITC, RB, Colgate Palmolive, Asian Paints, Samsung, Philips, Coca Cola, Marico, Mars, Pidilite, GSK, Dr Reddy’s stood out as the top participants. Also, companies like Star, Airtel and Vodafone Idea had offered roles.
Roles in General Management were offered by conglomerates such as TAS, Aditya Birla Group, Mahindra, Reliance Industries, RPG, Capgemini ELITE, Bajaj Finserv, L&T, ACT and others.
Steel giants like Tata Steel and JSW also participated in the process along with regular recruiters from the automotive sector such as Bajaj.