Thursday, March 23, 2023

XLRI Jamshedpur successfully completes summer internship placement, average stipend offered Rs 1.28 lakhs


Jamshedpur, Oct 12: XLRI (Xavier School of Management) has successfully completed its Summer Internship Placement Process (SIP) for its largest-ever class of 470 students (2021-23 batch) of the business management and human resource management programs across both XLRI Jamshedpur and Delhi-NCR campuses. The highest stipend offered was Rs 6.8 lakhs for two months in the BFSI Sector.

Even amidst the pandemic, XLRI saw the median stipend for the entire batch rise to INR 1.27 Lakhs per month, while the average stipend offered was INR 1.28 Lakhs per month. This is an increase of over 16% and 5% over the previous year.

 The top recruiters in terms of the number of offers made were Amazon, The Boston Consulting Group, Bain and Company, Accenture Strategy, PricewaterhouseCoopers, Deloitte, Aditya Birla Group, and HUL. The average monthly stipend for the top 10 percentile students was INR 1,82,000 per month, while for top 25 percentile students the stipend stood at INR 1,63,500 per month.

 The top segments based on roles offered were Consulting, Sales & Marketing, and BFSI. Consulting and Advisory firms extended offers to around 25% of the batch while IT and e-Commerce firms recruited 22% of the batch. FMCGs recruited 17% of the batch while BFSI recruited a select 10% of the batch for some of their most coveted roles.

Prof.A.Kanagaraj, chairperson, Placements at XLRI-Xavier School of Management commented, “We have had another astoundingly successful summer placement season at XLRI, which has shattered all its previous records. In the current phase of economic resurgence, XLRI has outshined as a beacon, with the Summer Internship Placements getting completed within 2 days – a testament to the quality of budding business leaders that XLRI has to offer to the industry at large. We are extremely grateful to all the reputed organizations for recruiting their next-generation of business leaders from XLRI, and to the faculty, staff, and students for their continued support in this eventful journey”

 The top segments based on roles offered were Consulting and Advisory, Sales & Marketing, and Finance. Other roles included functions in Product Management, Business Development, Brand Management, Analytics, and Strategy. Organizations from a wide spectrum of sectors participated in the process, including FMCGs, Consulting, Pharma, IT and e-commerce, Government Agencies, and telecom.

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