Saturday, June 10, 2023

XLRI Summer Internship concludes highest stipend of Rs.1.5 lakh offered


Jamshedpur : XLRI – Xavier School of Management,continuing its success run in Summer Internship, completes its placements of its largest ever batch in record time yet again. The entire batch of 2014-16 obtains internship opportunities in a span of only 3.5 days.

The recruitment drive saw 105 companies participating in the process, making 385 offers to 365 students.

All students of the batch received paid internships, the highest stipend offered being Rs.1.5 lakh per month.The median stipend for the entire batch (BM & HR) was at Rs.55,000per month. The top recruiters on campus in terms of numbers were Altisource (12), Vodafone (10), HUL (9), ITC (9), Microsoft (9), ABG (8), Samsung R&D Institute (8) and Wipro (8).

Fr. E Abraham, Director of XLRI commented �We are overwhelmed with the 100% success in summer placements and I congratulate all our first-year students. Our students being recruited across diverse industry sectors is an affirmation of the all-round integral formation we strive to impart to our students.�

�As a socially aware and conscientious institution, XLRI prides itself in its association with social sector organizations and in a calibrated way has launched a parallel placement process called �Parivartan�. The aim of this initiative is to show our solidarity towards social causes where students can get summer internship opportunities to work with Non-Government Organizations and Not-for-Profit Organizations�, he added.

There were multiple organizations who participated in this �Parivartan� process. Amongst them included Pratham, Tata Trust, AzimPremji Foundation, Bandhan Microfinance, Ashoka Foundation, E-Vidyaloka, to name a few. Two students were placed with the Tata Trust.The process was held and completed before the conventional Summer Placement Week.

While XLRI maintains itspre-eminence as the foremost recruitment destination for budding HR managers, the flagship Business Management program witnessed the most diverse split of internship opportunities this year with the entire BM batch obtaining internship opportunities in 2.5 days.

The role wise split is as follows: Sales and marketing at 47%, Finance at 26%, Consulting at 11%, Gen Man at 9% and the remaining 7% in Operations and Program Management.

Placements at XLRI are a tremendous team effort with the entire process carried out by the elected 12 member student-run Placement Committee along with help from other support committees: CRISP, Controls, Services and Logs. Prof.

Rajiv Mishra – Chairperson, Placement at XLRI commented, �This year�s placement season has witnessed vast diversity of offers from every sector of the industry including media conglomerates and social sector organisations. This year saw steep rise in international offers. We are thankful for the sustained faith shown by the industry in the much sought-after management professionals talent at XLRI.�

This year saw steep rise in international offers in internships. Companies like M.H AlShaya, ABG, Altisource, HUL, Kellogg�s, Nomura, Pepsi, Godrej and a European Hedge Fund among others opening up multiple international roles.

Many more organizations are bound to get added to the list as they finalize their projects closer to the internship period.

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