XLRI records 100 % SIP in 2 days, student gets highest stipend of Rs 2.5 lakh per month

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Jamshedpur: Xavier School of Management (XLRI) completed its Summer Internship Placement Process (SIP) for the batch of 2019-21 within two days. The batch consisting 361 students has achieved 100% placement.

This year, the Summer Internship Process saw participation from 86 recruiters, including 11 first-time recruiters. The average stipend saw an increase to Rs. 1.2 lakh per month from Rs. 1.07 lakh per month in 2018. The median stipend offered too was Rs. 1.2 lakhs per month. The highest stipend stood at Rs. 2.5 lakhs per month offered in the Banking, financial services and insurance (BFSI) sector.

The top segments based on roles offered were Consulting, Sales & Marketing, and BFSI. Consulting firms extended offers to 16% of the candidates. Sales & Marketing and BFSI constituted 40% and 17% of the roles offered to Business Management students respectively. Other roles included niche functions in Analytics, Product Management, Business Development, Brand Management, and Strategy. Organizations from a wide spectrum of sectors participated in the process, including FMCGs, Consulting, Pharma, IT and e-commerce, Auto, Mining, Oil & Gas and Telecom. Orgaizations who participated for the first time included firms such as Bain & Co., Amazon, NIIF, PhonePe, Udaan, Shell, Diageo, Ola, Adani, Rupeek and others.

Amazon made the highest number of offers amongst the regular recruiters such as The Boston Consulting Group, Microsoft, P&G, Aditya Birla Group, ITC, Nestle, Hindustan Unilever, Mondelez, Mahindra & Mahindra, Citibank and others. First-time recruiters included companies such as Bain & Co., Adani Group, Diageo, NIIF, Kornferry, PhonePe, Mars and Udaan, amongst others.

“This has been a good year for summer recruitments. We are extremely grateful to all the recruiters for showing belief in the XLRI institutional brand and our students. The spectacular placements achieved this year is a testament to our diverse talent pool and the XLRI brand and has raised the bar for placements in B-schools in the country,” said P. Christie, director, XLRI.

Widely regarded as the best college in the country for HR, HR roles were offered by firms spanning the spectrum such as P&G, Mondelez, Nestle, RB, Colgate Palmolive, RPG, Accenture, ITC, Udaan, PhonePe, Reliance, Ola, Bajaj, Coca Cola, CISCO Mars and others. HR roles offered also included recruitment, HR consulting and HR analytics. Consulting was a big draw this year with firms such as The Boston Consulting Group, Bain & Co., AT Kearney, Accenture Strategy, EY, PWC, Kornferry, KPMG, Aon and others participating in the process.

Sector-wise Turnout:

HR

Widely regarded as the best college in the country for HR, HR roles were offered by firms spanning the spectrum such as P&G, Mondelez, Nestle, RB, Colgate Palmolive, RPG, Accenture, ITC, Udaan, PhonePe, Reliance, Ola, Bajaj, Coca Cola, CISCO Mars and others. HR roles offered also included recruitment, HR consulting and HR analytics.

Consulting

Consulting was a big draw this year with firms such as The Boston Consulting Group, Bain & Co., AT Kearney, Accenture Strategy, EY, PWC, Kornferry, KPMG, Aon and others participating in the process.

BFSI

Finance did exceedingly well this year aided by the participation of firms such as Citibank, J.P Morgan Chase, Goldman Sachs, Standard Chartered, NIIF, RBS, DBS, Axis Bank & Axis Capital, ICICI and others. The roles offered were Front End Investment Banking, Global and Corporate Banking, Wealth Management, Global Markets and Retail Banking.

FMCG/Telecom/Media

XLRI has established itself as a campus preferred by FMCGs and the trend continued this year with top firms such as P&G, Hindustan Unilever, Nestle, Mondelez, ITC, RB, Colgate Palmolive, J&J, Asian Paints, Samsung, Philips, Coca Cola, Marico, Mars, Pidilite, GSK, Diageo, AbInBev, Dr Reddy’s and other participating. The process also saw participation from other firms in this segment such as Star, Airtel and Vodafone Idea. Roles in Sales & Marketing, Product Supply, Operations, Corporate Finance, IT and Human Resources were offered.

General Management

Roles in General Management were offered by conglomerates such as TAS, Aditya Birla Group, Mahindra, Reliance Industries, RPG, Capgemini ELITE, Bajaj Finserv, L&T, ACT and others.

Manufacturing and Automotive

Steel giants such as Tata Steel and JSW also participated in the process along with regular recruiters from the automotive sector such as Bajaj.

ITES/E-commerce/Analytics

E-commerce saw a massive jump in offers being extended led by Amazon. The firms in this segment include Microsoft, Amazon, Media.net, PhonePe, Flipkart, Oyo Rooms, Wipro, Microland and others. The diverse set of roles offered were Program Manager, Product Manager, Category Manager, Business Development and Operations.

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