Monday, February 6, 2023

XLRI Jamshedpur Summer Internship: Rs 3.5 lakhs highest stipend offered

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Jamshedpur: Leading B-school, XLRI РXavier School of Management, has successfully achieved 100% placements for the batch of 2022-24 for its flagship two-year programmes РPostgraduate Diploma in Human Resource Management and Postgraduate Diploma in Business Management. The largest batch in the Institute’s history, comprising 510 students, secured 525 offers during the process from 103 firms across Consulting, Finance, Sales & Marketing, General Management, Product Management, Operations, Analytics and Human Resources, among other roles.

XLRI achieved record-high average and median stipends of INR 1.54 lakhs per month (LPM) and INR 1.50 LPM, marking year-on-year increases of 16.67 percent and 20 percent respectively. The highest stipend stood at INR 3.5 LPM.

The average stipend for the top 5 percent, top 10 percent, top 25 percent & top 50 percent stood at INR 2.35 LPM, INR 2.17 LPM, INR 2.02 LPM & INR 1.85 LPM respectively. 96% of all the offers secured will draw a stipend of atleast INR 1 LPM, with 67% drawing atleast INR 1.5 LPM.

Fr S George S.J, Director XLRI – Xavier School of Management commented, “We have had another astoundingly successful summer placement season at XLRI, breaking all previous records. It is a testament to the quality of leaders that XLRI has to offer to the Industry. We are extremely grateful to all our recruiters for choosing their next leaders from XLRI, and to the faculty, staff and students for their continued support in this journey”

Recruiters in the management consulting domain included Accenture Strategy, Aon Consulting, Auctus Advisors, Bain & Company, Boston Consulting Group, Deloitte, Ernst and Young, Kearney, KPMG, McKinsey & Company, PwC, and Synergy Consulting among others. Accenture Strategy was the top recruiter with 30 offers, followed by Boston Consulting Group, Bain & Company, PwC and McKinsey & Company with 22, 16, 11 and 9 offers respectively.

XLRI has established itself as a campus preferred by FMCGs and Consumer Durables sectors and the trend continued this year with top firms such as AB InBev, Asian Paints, Bajaj Auto, Beam Suntory, Colgate Palmolive, Himalaya Wellness, Hindustan Unilever, ITC, Mars, Mondelez, Nestle, P&G, PepsiCo, Pernod Ricard offering roles in Strategy, Digital Marketing, Sales, Brands Product Supply, Operations, Finance, IT, and Human Resources. Bajaj Auto was the top recruiter with 25 offers followed by HUL and Asian Paints with 21 and 11 offers respectively.

The conglomerate cohort saw participation from Aditya Birla Group, JSW, Mahindra Group, RPG Group and Tata Administrative Services, among others. Aditya Birla Group was the highest recruiter with 11 offers followed by Reliance and Tata Administrative Services with 9 and 6 offers respectively.

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