Jamshedpur: XLRI – Xavier School of Management, completed its Summer Internship Placement Process (SIP) of 2017 in just two days. The batch of 2017-19 consisting of 364 students has achieved 100% placement with the median and average stipend increasing by over 20%, with a highest stipend of 5 lakhs for two months.
The SIP process saw participation of 90+ companies offering roles across domains including consulting, finance, sales and marketing, operations, business development (BM), human resources (HR) and industrial relations (IR).
This year multiple new companies were added to the recruiters’ list, not to mention the traditional recruiters hired a large number of students as well. The top recruiters this year include BCG, PWC, Coca-Cola and HCCB, Mondelez, HUL, ITC, P&G, TAS, RB, RPG, Microsoft, Uber, GSK CH, and ABG among others.
In sector-wise split, FMCG stayed at the top with a 27% share. The participation of Technology firms like Uber saw an increase, with 20% roles in Business Management being offered in Technology sector. Other sectors in the process were, BFSI (13%), Consulting (11%), Conglomerates (16%), and a 13% share split between Media, Pharma, Auto and Telecom.
There was also a significant increase in operations roles with firms like Reckitt Benckiser and Colgate-Palmolive opening their Operations roles for students. The sales and marketing roles topped the charts with 25% share in the recruitments, followed by Finance with 20%. 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, GoldmanSachs, JPMC Markets. With 17% Operations and 17% General Management, and 11% consulting roles, the diversity was clearly evident.
XLRI also continued with Founded on the Principles of Magis- Greater Good, XLRI strives to nurture the social spirit in its students. Parivartan – the Social Sector Internship Program of XLRI was instituted in 2014, with the objective to provide relevant avenues for students looking to gain exposure by working on social projects. Multiple students were recruited by firms such as Bill & Melinda Gates Foundation, Tata Trust, Dr. Reddy’s Foundation, and E-Vidyaloka through Parivartan.