XLRI completes Summer Internship Placements 2023
XLRI – Xavier School of Management has successfully achieved 100% placements for the batch of 2023-25 for its flagship two-year programmes – Postgraduate Diploma in Human Resource Management and Postgraduate Diploma in Business Management. The largest batch in the Institute’s history, comprising 591 students across the Jamshedpur and Delhi-NCR campus participated, secured 604 offers during the process from 139 firms, including 63 new recruiters, across Consulting, Finance, Sales & Marketing, General Management, Product Management, Operations, Analytics and Human Resources, among other roles.
XLRI achieved an average and median stipends of INR 1.41 lakhs per month (LPM) and INR 1.5 LPM respectively. The highest stipend stood at INR 3.5 LPM from the BFSI sector..
The average stipend for the top 5 percent, top 10 percent, top 25 percent & top 50 percent stood at INR 2.35 LPM, INR 2.27 LPM, INR 2.12 LPM & INR 1.86 LPM respectively. 84% of all the offers secured will draw a stipend of at least INR 1 LPM, with 52% drawing at least INR 1.5 LPM.
Fr. S George S.J, Director XLRI – Xavier School of Management, stated, “The summer placement season for our Platinum Jubilee year has been a resounding success, even in the face of challenging global economic conditions. The achievements this season, especially for the largest-ever batch across both campuses, reflect the unwavering commitment and talent of our students. We extend our heartfelt gratitude to all our esteemed recruiters for their continued faith in the XLRI institutional brand.”
Prof. A. Kanagaraj, Chair of Placement Affairs XLRI, further emphasized, “This year’s spectacular placements testify to the exceptional diversity and quality of talent within XLRI. An impressive number of first-time recruiters participated, delivering outstanding results. We are profoundly grateful to all our recruiting partners for their unwavering support and trust in XLRI and our students.”
Key Highlights of XLRI Summer Placements 2023:
The median stipend offered to the batch stood at INR 1.5 lakhs per month with the top 10th and 25th percentile average being INR 2.27 LPM and INR 2.12 LPM, respectively.
The top domains based on the roles offered were FMCG, Management & Advisory Consulting and BFSI.
Accenture Strategy, Amazon, Asian Paints, Bajaj Auto, Boston Consulting Group, HDFC Bank, HUL, ICICI Bank, Ola Cabs, Procter & Gamble and Tata Steel made the highest number of offers among the recruiters.
Highest offer (domestic) at INR 3.5 lakhs per month by JPMC from the BFSI sector.
No. of new recruiters: 63
New recruiters to the SIP process included BMW, Castrol, CK Birla, Deutsche Bank, Diageo, Daimler, HDFC Bank, JM Financial, L’oreal, Myntra, NIIF, NK Securities, Ola Cabs, Pharmarack, Pine Labs, Redseer Consulting, Shell, Texas Instruments, Vector Consulting, Yes Bank and Zomato among others.
Sectoral Overview
Human Resources:
XLRI is widely regarded as the best institution in the country for its Human Resource program. These credentials were endorsed by the sheer number of recruiters who offered HR roles across domains. Most notable among them are Accenture TAP, Aditya Birla Group, Asian Paints, Bajaj Auto, Citi, CK Birla, Hindustan Unilever Limited, ITC, Mahindra, NatWest, Nestle, NK Securities, Ola Cabs, Procter & Gamble, SunPharma, Tata Administrative Services, Texas Instruments, Vedanta. Firms offered roles in domains like Learning and Development, Talent Acquisition, HR Consulting, HR Analytics and HR Manager.
Consulting & Advisory:
Recruiters in the management consulting domain included Accenture Strategy, Aon Consulting, Auctus Advisors, Bain & Company, Boston Consulting Group, Ernst and Young, FinIQ, Kearney, McKinsey & Company, PwC, Redseer Consulting, Synergy Consulting and Vector Consulting, among others. Accenture Strategy was the top recruiter with 19 offers, followed by PwC, Boston Consulting Group and EY with 14, 12 and 11 offers respectively.
BFSI:
Finance did exceedingly well this year, aided by the participation of prominent recruiters in the BFSI space such as Aequitas Investment, Axis Bank, Citibank, D.E Shaw, HDFC Bank, HDFC Ergo, ICICI Bank, Goldman Sachs, IndigoEdge, JM Financial, JP Morgan Chase & Co., Kotak Mahindra Bank, NatWest Group, NIIF, NPCI, RBI, Standard Chartered Bank and Yes Bank among others. The roles offered in this domain were Front-end Investment Banking, Markets, Corporate Banking, Wealth Management, Equity Research, and Retail Banking.
HDFC Bank was the top recruiter in the BFSI sector with 16 offers followed by ICICI Bank with 14 offers, and IndigoEdge, JPMC, NIIF and Standard Chartered Bank each making 2 offers in their Debt Market, Sales & Trading and Hedge Fund Buy Side roles.
FMCG, Consumer Durables and Pharma:
XLRI has established itself as a campus preferred by FMCGs and consumer durables sector and the trend continued this year with top firms such as Asian Paints, Castrol, Coca Cola, Colgate Palmolive, Dabur, Haleon, Himalaya Wellness, Hindustan Unilever, ITC, L’oreal, Mondelez, Mamaearth, Marico, Mccain Foods, Nestle, P&G, PepsiCo, Pidilite, Reckitt, Samsung Electronics, Tata Consumer Products among others offering roles in Strategy, Digital Marketing, Sales, Brands, Brands Product Supply, Operations & Supply Chain, Procurement, Finance, IT, and Human Resources. HUL was the top recruiter with 21 offers followed by Asian Paints, P&G and ITC with 14, 11 and 9 offers respectively.
The AlcoBev industry saw the largest influx of recruiters during the summer internship season, with notable participants including AbinBev, Beam Suntory, Diageo and Pernod Ricard leading the way. Furthermore, the recruitment process also featured prominent companies from the pharmaceutical and chemical sector, including AstraZeneca, Cipla, Piramal Pharma, Sun Pharma, and several others. AbInBev and SunPharma were the top recruiters making 4 and 10 offers respectively in the AlcoBev and Pharmaceutical industries respectively.
Conglomerates:
The conglomerate cohort saw participation from Aditya Birla Group, Bajaj Finserv, JSW, Larsen & Toubro, Mahindra Group, Reliance Industries Limited, and Tata Administrative Services, among others. Reliance Industries Limited and Aditya Birla Group were the highest recruiters with 10 offers each followed by Tata Administrative Services and Mahindra Group with 9 offers and 8 offers each.
ITES, E-commerce, Gaming and Online Services:
In the IT and E-Commerce sector participating firms included Amazon, Car Dekho, Disney Star, Flipkart, Genpact, MAQ Software, Media.Net, Microsoft, Myntra, No Broker, Ola Cabs, Pharmarack, Pine Labs, PhonePe, Simpl, TransUnion CIBIL, Udaan, Walmart, Whatfix, Winzo and Zomato among others offering roles in the Product Management, Operations, Marketing, Program Management, General Management and Human Resources. Amazon was the top recruiter in this sector with 14 offers followed by Ola Cabs with 13 offers. Pine Labs and Flipkart with 6 and 5 offers respectively.
Automotive, Energy and Telecommunications:
Automobile sector witnessed the boarding of premium recruiters such as Bajaj Auto, BMW and Daimler. There was a strong participation from the legacy recruiters in these sectors such as Airtel, Renew Power, Shell, Vedanta and Vodafone Idea among others.
The new recruiters this year included Aequitas Investment, ArcelorMittal Nippon Steel, BMW, CarDekho, Castrol, CK Birla, Deutsche Bank, Diageo, Daimler, HDFC Bank, ICICI Prudential JM Financial, L’oreal, Mamaearth, McCain Foods, Myntra, NIIF, NK Securities, NoBroker, Ola Cabs, Pharmarack, Pine Labs, Redseer Consulting, Shell, Simpl, Tata Consumer Products, Tata Electronics, Texas Instruments, Transunion CIBIL, Vector Consulting, Xanadu Realty and Zomato among others.