Domestic stipend reaches Rs 40,000 at XLRI Summer Placements

The Summer Internship Program 2006 at XLRI Jamshedpur, School of Management, has concluded on a successful note. A total 182 first year students were in the fray, both from the Business Management (BM) and Personnel Management & Industrial Relations (PM&IR;) courses.

As many as 9 overseas offers were accepted, including offers from Union Bank of Switzerland (UBS) at Zurich, ICICI International Banking Group at Hong Kong, TAS and iCRM, a US-based Management Research Firm.
4 students signed out with a niche division of SAP America, the ERP major, which offered the highest domestic stipend of Rs 40,000 per month. This was followed by the prominent consulting firm Hay Group, which offered Rs 32,000 pm.

IBM (20), HLL (11), Deloitte Consulting (9), Cognizant (, Aditya Birla Group ( and ICICI Bank ( were among the largest recruiters this year making the maximum number of offers.

Reflecting the growing brand equity of both XLRI’s Business Management as well as the top notch PM&IR; programme, this year saw a significant increase in the institute’s consulting portfolio with first time recruiters Deloitte Consulting, KPMG Consulting, SAP America and Watson Wyatt in addition to regular premier recruiters like Ernst & Young, Hay Group, Hewitt Associates and Mercer. 17% of the batch opted for consulting firms.
The Banking, Finance and Insurance sector ranked among students’ top preferences with 34 accepted offers across companies in this sector. Besides the top banks like Citibank, ICICI Bank and Standard Chartered Bank, Edelweiss Capital was among the Investment Banks which debuted on campus and selected students. AIG, with 6 accepted offers, led the Insurance sector, with Aviva (a first time participant) and ICICI Prudential also participating actively.

XLRI’s proven track record as an FMCG favourite was reinforced by the active participation of top organizations – Cadbury, Colgate Palmolive, GlaxoSmithKline, Godrej, HLL, ITC, Marico, P&G;, Pepsi, Reckitt Benckiser and Seagrams. 26% of the students signed out with offers from FMCG / Manufacturing firms.

The new entrants in the IT / Technology sector were Google and Motorola, each with 4 accepted offers. The IT / Technology sector accounted for 23% of the batch.

Major recruiters from business conglomerates included Aditya Birla Group, Murugappa Group and TAS with 16 students opting for them. Other recruiters included Dr Reddy’s, Genpact (erstwhile GECIS), Grow Talent, L&T;, Saint-Gobain, Tata Motors etc. with Grow Talent Consulting and Saint-Gobain being first-time recruiters.
Prof. Sabysachi Sengupta, Chairperson – Placements, summed up Summer Placements 2006 – “This year has witnessed a significant increase in the portfolio of companies as well as the diversity of project profiles offered. The 9 foreign offers for Summer Internships and the active participation of top consulting firms augur well for the Lateral and Final placements for the Senior Batch.”

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