Stipend at XLRI summer internship up 20%; best offer: Rs 5 lakh for 2 mths

The average stipend for the 2017-19 batch of 364 students at Xavier School of Management (XLRI), Jamshedpur, rose by over 20 per cent during the Summer Internship Placement process (SIP) this year, with the highest offer at Rs 5,00,000 for a period of two months. The institute did not disclose the name of the company that made this offer.

The SIP season saw participation from over 90 companies offering roles across domains including consulting, finance, sales and marketing, operations, business development (BM), human resources (HR) and industrial relations (IR).

Besides the traditional recruiters like HUL, P&G, ITC, PwC and others, several others like BCG, Coca-Cola and HCCB, Mondelez, TAS, RB, RPG, Microsoft, Uber, GSK CH and ABG were added to the top recruiters' list.

Sector-wise, FMCG topped with a 27 per cent share. The participation of technology firms saw an increase, with 20 per cent roles in Business Management offered in the technology sector. Other sectors included BFSI (13 per cent), consulting (11 per cent), conglomerates (16 per cent) and 13 per cent split between the media, pharma, auto and telecom industries.

There was also a significant increase in operational roles with firms like Reckitt Benckiser and Colgate-Palmolive opening their doors to students.

In a statement, the institute said that the sales and marketing role topped the charts with a 25 per cent share in recruitments followed by finance at 20 per cent. The performance in finance sector this year has been exceptionally good with many regular recruiters opening up multiple roles.

Many offers were made by Kotak Wealth Management, Mondelez Corp Fin, Avendus Capital, Goldman Sachs, JPMC Markets.

Operations and general management each accounted for 17 per cent and the residual 11 per cent accounted for consulting roles.

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