Non-IIMs also registered good feedback from various industries and this was reflected in their PPOs this year. The number of PPOs received at Delhi’s Faculty of Management Studies (FMS) was 17.
Top recruiters included Tata Administrative Services, Deloitte, Hindustan Unilever, and Reliance Industries Limited. “The pre-placement offers improved over the previous years. This year, the conversion rate of summer interns to pre-placement offers was above 50%. Stipends also went up – with leading FMCG firms increasing the stipend by 25%. Average stipend was Rs. 80,000 and highest stipend offered was Rs. 2 lakh. As of now, all the pre-placement offers have been converted to final offers. Pre-placement offers have been made from leading investment banks, telecom giants, and FMCG firms,” says Vidyarthi Baddireddy, placement secretary, FMS.
The numbers looked stronger this year for XLRI too. “There were over 25 PPOs and over 15 PPIs. Sectors like telecom showed an increase in rolling out PPOs this year. Stipends, too, saw an increase of 10% to 15%,” says Professor Rajiv Mishra, chairperson (placements), XLRI, Jamshedpur.
Things looked up for Mumbai’s Narsee Monjee Institute of Management Studies (NMIMS) University, too, with the institute receiving formal communication from over 10 companies for more than 35 offers. “However, we have got feelers from around 20 more companies about the excellent performance of our students and are awaiting official announcement of the same. These job offers based on the summer internship performance from top corporates across the world indicate that companies have a long-term approach and want to invest in our students. The average stipend was around Rs. 75,000 last year. Certain companies do increase their stipend each year considering competitiveness in the industry that leads to higher stipend statistics each year. For the batch of 2013-14, the highest stipend that was offered was Rs. 1.5 lakh. We expect the figure to be higher or at least at par with last year’s stats. During 2013-14, the total number of such offers on account of internships was 108. Offers on the basis of internships is an emerging recruitment trend for leadership level recruitments across companies. The companies that had given the offers last season included – Microsoft, Goldman Sachs, Flipkart, and JP Morgan,” says Rajan Saxena, vice chancellor, NMIMS University.