XLRI School of Business and Human Resources, Jamshedpur has successfully concluded its Summer Internship Recruitments with 100 percent of its students being offered internship offers across geographies and sectors. The batch size this year had undergone an increase to 240 from 180 students in BM and PMIR programs from the previous year. The recruiters responded with an unprecedented 273 offers made to 240 students, an increase of 27.6 percent over the previous year. The number of recruiters that participated also increased to 81 from 74 last year. The average stipend this year was Rs 89,000, an increase of 4.7 percent over the last year.
The finance sector was the top draw at XLRI similar to last year with 40 percent of the students opting for roles in the finance domain . This year saw the participation of top investment banks like JP Morgan, Goldman Sachs, NM Rothschild and Nomura Holdings that recruited for their Mumbai desks and international operations. The Indian investment banking industry was in full force with Lazard, Edelweiss capital and SBI Capital making their presence felt on campus.
The Carlyle Group – the largest private equity player in the world recruited from XLRI exclusively again this year. Citi Group also offered roles in the investment banking space. The commercial banking sphere was filled by the participation of international majors like Deutsche Bank, Citibank, HSBC, Standard Chartered, ICICI Bank and Axis bank who offered roles across treasury, commercial and consumer banking services. Hindustan Unilever again offered roles in its prestigious Commercial division. This year also saw the exclusive participation of commodity exchanges like NCDEX and MCX in addition to Clearing Corporation of India (CCIL) which yet again offered niche roles in bond evaluation and commodity futures trading.
The FMCG majors were back in full force on campus thanks to the upside being felt in the market. International roles were offered by Hindustan Unilever, Proctor & Gamble and Coca Cola in marketing, branding and sales across geographies like Singapore and Turkey. ITC, Nestle, Colgate Palmolive, Marico, GSK, Castrol, 3M among others offered roles in Sales and Marketing functions. XLRI has again re-established its strength as a marketing destination with 35 percent of the students taking up roles in the marketing domain.
General Management once again was one of the preferred sectors on campus with industry behemoths like TAS, Aditya Birla Group offering a larger chunk of offers in the GM area. Indian industry was present in full force with Mahindra & Mahindra, Godrej, Essar, RPG, Bharti Group among others making their presence felt on campus. This reinforces the transition of home grown Indian firms into dynamic and challenging workplaces to intern in.
XLRI saw its PMIR batch strength double this year to 120 given the need felt by the administration to fill the void in the industry for quality HR professionals. Their decision was more than vindicated with the Indian diaspora lapping up the 120 students in under five days of the start of the process. This goes to show the superiority that XLRI dictates in the area and the faith instilled by the recruiting partners in the talent pool at XLRI. Novartis again offered its prestigious leadership role to two interns at XLRI. They would be interning at their global headquarters in Basel, Switzerland. Internships were also offered for position in Novartis USA. Proctor & Gamble and Hindustan Unilever also offered roles in their Singapore and other international locations.
The consult domain saw the participation of Hewitt & Associates, KPMG, Mercer and Deloitte consulting along with Reach Potential and The HR Practice among the upcoming consults that reposed their faith in the quality of talent available at XLRI. Banks and FMCGs offered challenging roles in their HR divisions. TAS and Aditya Birla Group offered roles to PMIR students in large numbers.