Internship: XLRI student clinches Rs 2.5 lakh per month deal
The entire batch of 2015-17 obtained internships in a record span of only two and half days.education Updated: Oct 15, 2015 21:18 IST
XLRI Jamshedpur, one of India’s premier B-Schools, has created a record in summer internship placements with one of its students bagging a deal of Rs 2.5 lakh per month. The entire batch of 2015-17 obtained internships in a record span of only two and half days. The recruitment drive saw 95 companies participating in the process with 92 making offers to a batch of 360 students. The median stipend for the entire batch (business management & HR) was Rs 65,000 per month. The top recruiters on campus in terms of numbers were Accenture Strategy (13), Microsoft (12), HUL (11), Flipkart (10), ABG (9), Citibank (9), Snapdeal (9) and Vodafone (9).
There were multiple organisations which participated in the intership process. Notable amongst them are Bill & Melinda Gates Foundation, Tata Trust and E-Vidyaloka, to name a few. Two students each were placed with the Bill & Melinda Gates Foundation, Tata Trust and E-Vidyaloka. The process was held and completed before the conventional summer placement week.
Congratulating the first year students, Fr E Abraham SJ, director of XLRI, said, “Summer internship provides the much-needed industry exposure and first-hand training to our students. It is good to see our students getting offers across diverse industry sectors and markets in India and abroad. It is an affirmation of the all-round integral formation we at XLRI strive to impart to our students. We are overwhelmed that this year the process was completed within the shortest time span ever – in just 2.5 days.”
While XLRI maintains its reputation as one of the foremost recruitment destinations for budding HR managers, the flagship business management program too witnessed a diverse split of internship opportunities this year. Students across both programmes obtained internship opportunities in 2.5 days with a sector-wise split as follows: FMCG at 21%, banking, financial services and insurance (BFSI) at 14%, consulting at 13%, conglomerate at 12%, e-commerce & start-ups at 8% and the remaining 32% in technology, media, telecom, pharmaceuticals, oil & gas, power, retail and automotive, among others.
Prof Rajiv Mishra, chairperson of placement at XLRI, said, “This year’s placement season has witnessed a vast diversity of offers from every sector of the industry, including media conglomerates and social sector organisations. We are thankful for the sustained faith shown by the industry in the much soughtafter management professional talent at XLRI.”
This year saw many international offers in internships. Companies like ABG, HUL, Kellogg’s, and Godrej, among others, opening up multiple international roles. Many more organisations are bound to get added to the list as they finalise their projects closer to the internship period.
European hedge fund Carlyle continued to repose its faith in the institution by recruiting exclusively from XLRI. JP Morgan Chase offered its global markets role for the first time to an XLRI student offering the highest internship on campus. Avendus Capital continued to open its doors to XLRI for its private equity and M&A roles to students.