Hey Guys
Feels good to be back to PGForum after a big hiatus.As a member of the External Linkages team here, it is only right that i share with you the facts as it comes from the horses' mouth. Here it is then.
Regards
Gaurav Kathotia
Summer internship Programme 2004
Whoever said that recession was going to hamper the blazing trail of success at XLRI, vastly underestimated the marketability of this fresh lot at XLRI. The Summer Internship Programme (SIP) 2004 began on the 18th October 2003. The campus has worn a festive look since. Brilliant brains lined up in formals, wearing the crisp expression of the corporate world that they were soon to join were picked up in a hurry by companies who vied with one another to fulfill their requirements. As always happens, some companies fell short of the numbers they desired – there simply weren’t enough takers!
Aneesh Banerjee, Secretary of the Placement Committee defined the placements as yet another success story in the history of XLRI placements.
According to Professor Sabyasachi Sengupta, Placement Co-ordinator, “The increase in the student intake in the current batch posed a challenge to us regarding the placements, but with an increase in the number of companies visiting the campus as also the spurt in the numbers picked by them re-affirmed the faith that recruiters have put in the XLRI student community.”
:P
The figures indicate a definite shift towards the brick and mortar & FMCG firms, which accounted for 40% of the placements so far. Within this category the largest haul was by Hindustan Lever – a total of 9 students across both batches, the break up being 3 from PMIR and 6 from BM. Other recruiters which walked away with large contingents include TAS, BPCL & ICICI with 7 apiece, DRL (6), CTS, TATA Motors, ABN Amro & Standard Chartered with 5 each. Other recruiters in this category include Procter and Gamble, Coca Cola, Pepsi, Gillette, Britannia, Reckitt Benckiser, etc.
The figures across the other categories were – Banking & Finance: 25%, Consulting: 15% and IT/ITES: 20%. The major names in these sectors include Citibank, HSBC, ICICI, Accenture, Hewitt Associates, Cognizant Technology Solutions, ABN AMRO, etc. The sector wise break–up is also given in the pie-chart.
The campus managed to attract new industry stalwarts for SIP 2004. Companies such as Bates, ICICI Prudential, WeP, Texas Instruments, TATA AIG, and Hewlett Packard, Accenture, MsourcE, BPCL, participated in the SIP programme at XLRI for the first time. Also, Mercer and TATA Motors visited the campus after a long absence.
Stipends too, were on the rise – recession or no recession. Notably, the highest stipend offered on campus viz. Rs. 50,000 from Cognizant Technology Solutions. The average stipend across sectors stood at Rs. 26,500.
XLRI stands for excellence and produces managers who grow into leaders in their fields. It’s no wonder that the industry continues to put faith in them. SIP 2004 is only an affirmation of this already well-known fact. To sum it up, here is what a jubilant student had to say about SIP, “My anxiety regarding the summers gave way to absolute elation when I landed an internship with my dream company. I think the best part of the process was the camaraderie between batches and the way senior students conducted the process. I am looking forward to my internship which will prepare me well for the rigors of the corporate life.”
According to Aneesh Banerjee, Secretary of the Placement committee “This year placements have shown a marked shift towards placements with IT support. I feel placement processes are evolving and in the next few years we would see a shift with processes going online. XLRI is gearing up and is in sync with what technology has to offer. I will not be surprised if we change the face of premier b-school placement processes in the next couple of years.”
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