XLRI (Jamshedpur), on of the country’s top business schools, has concluded its summer internship placements for 2013 within a span of four days by following a preference-based slotted process.
Nearly 73 companies participated in the summer placement process and close to 282 offers were made to a batch of 240 students, said a press statement issued by XLRI.
The preference-based slotted process allows a student to state his choice of companies for the internship. These are then matched with the offers that are available. The placement process is completed when a student receives a suitable offer.
The highest domestic stipend was offered by an investment bank for its Mumbai desk and the highest international stipend was offered by Novartis for leadership role at its global headquarters in Switzerland. Nearly two-thirds of the batch bagged stipends exceeding the Rs 1lakh mark for the internship period.
“Our success in summer placement is an affirmation of the high academic standards that we pursue that even during an economic slowdown our students are sought after. We had 100 per cent placements within a span of just four days,” said Fr. E Abraham, Director of XLRI.
The key recruiters in the field of finance include NM Rothschild, Standard Chartered Bank, Citibank, Goldman Sachs, Nomura, Development Bank of Singapore and HSBC. Private equity firm Carlyle Group also recruited exclusively from XLRI.
Companies like Unilever, Procter & Gamble, Asian Paints, Castrol, Coca Cola, Pepsi, Colgate Palmolive, GSK Consumer Healthcare, Britannia, Johnson & Johnson and ITC among others offered roles in sales and marketing functions. ITC was the largest recruiter in the FMCG space, the release said.
The consulting domain witnessed participation of companies like The Boston Consulting Group, Ernst & Young, KPMG, Cognizant Business Consulting, Deloitte, Capgemini Consulting and IBM Consulting.
The summer placement process also saw the participation of recruiters from the technology and ecommerce segments. Some of the recruiters like Amazon.com, Microsoft and eBay offered roles in program management, marketing and operations, the release said.