Internship offers have seen an upward swing at the premier Indian business school (B-school) Xavier Labor Relations Institute Jamshedpur (XLRI Jamshedpur) this year. The entire 2014-16 batch acquired internships during a mere three and a half days.
According to media reports, 105 firms participated in the recruitments and extended 385 job offers to 365 candidates. The top monthly stipend offered was Rs 1.5 lakh, while median monthly stipend offered for the batch was around Rs 55,000.
The leading recruiters were Altisource with 12 offers, followed by Vodafone with 10. Firms such as HUL, ITC and Microsoft each made 9 offers, while ABG, Samsung R&D Institute and Wipro made 8 each. Mondelez and Kellogg’s each made seven offers.
Sales and Marketing offers ruled the roost at 47%, which was followed by Finance at 26%, Consulting at 11%, General Management at 9% as well as Operations and Program Management at 7%. Amazon was a key player in offering Operations roles.
In the Banking, Financial Services and Insurance (BFSI) sector, the prominent recruiters were World Bank, HSBC, Citibank, Standard Chartered, DBS and BNP Paribas. These firms offered internship roles in the Markets, Retail, Corporate Banking and Human Resource (HR) domains. Firms such as Goldman Sachs, Nomura and JP Morgan Chase offered roles in Investment Banking as well as Equity Research.
In the Fast-Moving Consumer Goods (FMCG) domain, the leading recruiters were Akzo Nobel, Castrol, Asian Paints, Coca-Cola, GSK CH, Colgate Palmolive, Hindustan Coca Cola Beverages, Pepsi, Johnson & Johnson Consumer, etc.
In Consulting, Boston Consulting Group (BCG) extended seven internship offers. Moreover, PwC, Cognizant, Capgemini, Deloitte, KPMG and EY each made around 4 offers.
Offers from Conglomerates were significant, with ABG making 8 offers.
From the Technology sector, firms such as Microsoft, Wipro, Samsung R&D Institute (SRI), IBM, Siemens, HCL, etc. were significant.
In e-Commerce, Flipkart, People Group and Taxi for Sure extended good offers.
First-time participants in the XLRI placements include the Future Group, Godrej, GE, LnT and the Muthoot Group.
International internship offers also saw an increase at the XLRI Jamshedpur campus this year. Firms including M.H AlShaya, Altisource, ABG, HUL, Nomura, Kellogg’s, Pepsi, European hedge fund Carlyle each made multiple offers.
This year, XLRI has launched another parallel placement process titled ‘Parivartan’, in line with its policy towards social causes. Under the program, students get summer internships at non-government or not-for-profit organizations such as Azim Premji Foundation, Tata Trust, etc.
Source: The Hindu