According to XLRI, with domestic stipends reaching astronomical heights of Rs 5 lakhs from Lehman Brothers, the process resulted in the batch of 2009 being placed in exclusive roles with the leading companies in the industry, both from India and abroad.
HSBC, Ernst & Young, ABG, Edelweiss, Deloitte Consulting, IBM and Nokia were the largest recruiters where Lehman Brothers, J P Morgan Chase, Hay and Microsoft offered stipends of more than a lakh for domestic offers and Novartis, HUL, ABG, P&G, Transworld, Asian Paints and ICICI made foreign offers.
Carlyle, Accenture Business Consulting, KPMG, TAS, Yahoo and others were some of the premier recruiters of XLRI Summer Placements '08.
On the successful completion of the summer internship procedure, Prof Uday Damodaran, Chairperson of the XLRI Placement Committee said, "The challenge of running a placement system is one of continuously catering to the changing preferences/ needs of the students and recruiters. Reflecting the changing preferences of students all over, at XLRI too we saw- this year- a larger proportion of students interested in taking up summer assignments in the finance domain/ consultancy sector. To the credit of the student Placement Committee, they have been able to successfully address the needs of the students who participated in the summer internship programme."
The highest offers accepted by XLRI students were 37% from FMCG/Manufacturing firms. Asian Paints, Britannia, Cadbury, Coke, Colgate Palmolive, GlaxoSmithKline, HUL, ITC, Johnson & Johnson, Marico, Nestle, P&G, Pepsi and Reckitt Benckiser participated from FMCG for XLRI summer placement '08.
27% offers were accepted from the finance sector participated firms include Lehman Investment Banking, EightCapital Hedge Fund, Indea Capital, Lotus Asset Management where traditional recruiters were J P Morgan Chase, The Carlyle Group, Edelweiss, Rabo Bank, Goldman Sachs, HSBC, Citi Bank, Standard Chartered, ICICI Bank, Axis Bank and SBI Capital Markets.
21% of the offers coming from KPMG Consulting, Ernst & Young Human Capital, Hay Group, Hewitt Associates, Mercer Consulting, Accenture Business Consulting, Deloitte Consulting and IBM Business Consulting. Price Waterhouse Coopers and Tishman Speyers International Consulting were the new recruiters from consulting groups.
"The legendary leadership of XLRI in HR and Marketing is now being rivaled by its solid reputation in the Finance and Consulting Areas. The motto of 'Excellence and Integrity' has shone through in the quality of students and companies in the Internship process, the best of Corporate India vied among itself to offer challenging and rewarding roles to the students", said XLRI.
