The highest stipend stood at Rs 3.4 lakh per month in the BFSI sector; average stipend for top 10 percentile stood at Rs 1,82,000 per month
XLRI (Xavier School of Management) has announced the completion of its Summer Internship Placement Process (SIP) for its largest-ever class of 474 students (2020-22 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 lakh for two months in the BFSI sector.
Even amid the pandemic, the institute saw the median stipend for the entire batch rise to Rs 1.27 lakh per month, while the average stipend offered was Rs 1.28 lakh per month. This is an increase of over 16% and 5% over the previous year.
A Kanagaraj, chairperson, Placements at XLRI (Xavier School of Management), commented, “We have had another successful summer placement season at XLRI, breaking all its previous records. We are grateful to all the reputed organisations 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 recruiters in terms of the number of offers made were Amazon, The Boston Consulting Group, Bain and Company, Accenture Strategy, Pricewaterhouse Coopers, Deloitte, Aditya Birla Group, and HUL. The average monthly stipend for the top 10 percentile students was Rs 1,82,000 per month, while for top 25 percentile students the stipend stood at Rs 1,63,500 per month.
The top segments based on roles offered were consulting, sales and 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.
The top segments based on roles offered were consulting and advisory, sales and 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.