XLRI Jamshedpur has successfully concluded the Summer Internship Placements 2012. 77 recruiters participated with 365 offers made to a batch of 240 students. 112 companies had confirmed participation this year in the Summer Internship Placements.
The average stipend for the internship period this year was Rs. 123,000, an increase of 10% over last year. The median stipend for the internship period this year was Rs. 100,000. Microsoft, ITC, Standard Chartered, Aditya Birla Group and Tata Motors were the largest recruiters.
The highest domestic stipend was offered by a private investment bank for its Mumbai desk. The number of international offers has undergone an increase as well with students being offered international assignments by Investment Banks, FMCG majors and the other big-wigs of the industry including Novartis, Hay Group, Hindustan Unilever Limited, Procter & Gamble, Kraft Cadbury, PepsiCo, Aditya Birla Group, Standard Chartered Bank, Airtel and Wipro.
The highest international offer was made by a pharmaceutical company for its leadership role in its global headquarters at Basel, Switzerland which stood in excess of Rs. 500,000.
The finance majors were back in full force at XLRI, same as previous years, with 22% of the students opting for roles in the finance domain. This year saw the participation of top financial institutions like NM Rothschild, Standard Chartered Bank, Citibank, Goldman Sachs, Nomura, Development Bank of Singapore, and Deutsche Bank that recruited for their domestic desks and international operations.
The Indian NBFCs were represented by Edelweiss capital and SBI Capital Markets. Goldman Sachs recruited for its Asset Management role and Citibank offered its Global Markets profile at XLRI this year for the first time. The Carlyle Group - the largest private equity player in the world, recruited from XLRI exclusively again this year.
Treasury roles were offered by Axis Bank and HDFC. Corporate Finance offers were also on the upswing with many bigwigs like Hindustan Unilever Limited, Kraft Cadbury, Airtel, Medtronic, Wipro and Larsen & Toubro offering their prestigious corporate finance roles.
The FMCG majors were the top draw at XLRI, thanks to the upside being felt in the market. XLRI has again reestablished its strength as a marketing destination with 28% of the students taking up roles in the marketing domain. Asian Paints, Castrol, Coca Cola, Colgate Palmolive, Dabur, GSKConsumer Healthcare, Heinz, Johnson & Johnson Consumer Healthcare,ITC Kimberly Clark, Marico, Nestle, Nokia, Perfetti, Reckitt Benckiser, Shell among others offered roles in Sales and Marketing functions.
This year saw the strong inclination towards Medical and Pharma industry which were mainly represented by Novartis, Abbott Nutrition, GSK Pharma and Dr. Reddy's.
International roles were offered by Hindustan Unilever Limited, Kraft Cadbury and PepsiCo in Sales & Marketing, branding and operations profiles across geographies like South East Asia, Middle East and Europe.
General Management once again was one of the preferred sectors on campus with industry behemoths like TAS, Aditya Birla Group and GE offering a larger chunk of offers in this area. Indian industry was present in full force with all major industrial powerhouses like Reliance Industries Limited, Mahindra & Mahindra, Larsen & Toubro, Bharti Group among others recruiting from XLRI. This reinforces the transition of home grown Indian firms into dynamic and challenging workplaces to intern in.
The consulting domain saw the participation of industry majors such as Accenture Business Consulting, Hay Group, Aon Hewitt, Ernst & Young, KPMG, Mercer, Deloitte, Capgemini, Wipro Consulting and Cognizant Business Consulting. These companies hired in good numbers and reposed their faith in the quality of talent available at XLRI. 22% of the students signed up with this sector.
XLRI struck strategic partnerships with a number of recruiters in the areas of financial services, FMCG, insurance, pharmaceuticals, telecom, IT, Technology, media and manufacturing such as Shell, Dabur, Dr. Reddy's,Nomura, Abbott Nutrition, HDFC, Flipkart, Capgemini, ICICI Bank, Nielsen, Texas Instruments, Info Edge, Cisco, SAP and Times of India who recruited for internship roles in their respective organizations. These firms are now apart of XLRI's valued recruiters.
Stay tuned to MBAUniverse.com for more news on SIP 2012.
