Finance & Consults make hay at XLRI 2007 summers

The school reported an increase in internships into the finance sector with recruitments by Lehman Investment Banking, EightCapital Hedge Fund, Indea Capital, Lotus Asset Management, in addition to the traditional recruiters like JP Morgan Chase, The Carlyle Group, Edelweiss, Rabo Bank, Goldman Sachs, HSBC, Citi Bank, Standard Chartered, ICICI Bank, Axis Bank and SBI Capital Markets. About 27 pc of the students signed out with offers from the Finance sector. The institute attributed the increase to a large number of faculty in the finance and economics departmets.

Heavy domestic stipends were offered by Lehman Brothers, JP Morgan Chase, Hay and Microsoft, said the statement, while adding that Novartis, HUL, ABG, P&G;, Transworld, Asian Paints and ICICI made foreign offers. HSBC, Ernst & Young, ABG, Edelweiss, Deloitte Consulting, IBM and Nokia were the largest recruiters this year with the highest number of accepted offers, it added.

Nearly 21 pc offers came from the consulting sector in KPMG Consulting, Ernst & Young Human Capital, Hay Group, Hewitt Associates, Mercer Consulting, Accenture Business Consulting, Deloitte Consulting and IBM Business Consulting. PriceWaterhouse Coopers and Tishman Speyers International Consulting were the new additions to XLRI’s bouquet of consulting recruiters.

FMCG, XLRI’s traditional enclave was reinforced by the active participation of Asian Paints, Britannia, Cadbury, Coke, Colgate Palmolive, GlaxoSmithKline, HUL, ITC, Johnson & Johnson, Marico, Nestle, P&G;, Pepsi and Reckitt Benckiser. Nearly 37 pc of the students signed out with offers from FMCG or Manufacturing firms.

“The legendary leadership of XLRI in HR and Marketing is now being rivalled by its solid reputation in the Finance and Consulting areas,” said an XLRI External Linkages Cell spokesperson.

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